MIDLAND, TX
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)FAMILY PROMISE OF MIDLAND TEXAS INC, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $902K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.0M exceeded revenue, resulting in a 15% operating deficit.
THE MISSION OF FAMILY PROMISE OF MIDLAND IS TO "END HOMELESSNESS, ONE FAMILY AT A TIME."
FAMILIES FORWARD TRANSITIONAL HOUSING (FF) - FAMILY PROMISE OF MIDLAND OWNS AND OPERATES SEVEN DUPLEXES DESIGNED TO PROVIDE FAMILIES THE RESOURCES TO REACH HIGHER LEVELS OF SELF-SUFFICIENT AND...
FAMILIES FORWARD TRANSITIONAL HOUSING (FF) - FAMILY PROMISE OF MIDLAND OWNS AND OPERATES SEVEN DUPLEXES DESIGNED TO PROVIDE FAMILIES THE RESOURCES TO REACH HIGHER LEVELS OF SELF-SUFFICIENT AND INDEPENDENCE. THE COMPLEX INCLUDES A BASKETBALL COURT AND A PLAYGROUND. FAMILIES PAY A MONTHLY PROGRAM FEE ($550 FOR A 3 BED/2 BATH AND $350 FOR A 2 BED/2 BATH UNIT) THAT ASSISTS IN THE COSTS OF PROVIDING FREE CASE MANAGEMENT, FREE COUNSELING, FREE UTILITIES, AND FREE CHILD CARE. UP TO TWO UNITS HAVE BEEN DESIGNATED AS INCOME RESTRICTED (= 30% OF TAKE-HOME INCOME) AND/OR RAPID REHOUSING SHOULD THE NEED ARISE. FAMILIES MAY LIVE IN THESE UNITS FOR UP TO 2 YEARS. FAMILIES ARE REQUIRED TO SAVE 20% OF THEIR EARNED INCOME AND ATTEND MONTHLY PARENT TRAININGS. WHILE IN THE PROGRAM, FAMILIES WORK DILIGENTLY IN REDUCING THEIR DEBT, INCREASING THEIR SAVINGS, AND INCREASING THEIR EMPLOYABILITY FOR LONG TERM GAIN. DURING 2023, WE SERVED 21 FAMILIES INCLUDING 24 ADULTS AND 51 CHILDREN UNDER 18 FOR A TOTAL OF 73 INDIVIDUALS SERVED. FOUR FAMILIES GRADUATED THE PROGRAM AND MOVED TO PURCHASED OR RENTED HOUSING. SEVEN FAMILIES LEFT THE PROGRAM DURING THE YEAR AND TWELVE FAMILES REMAINED IN THE PROGRAM AT YEAR END.
MIDLAND INTERFAITH HOSPITALITY NETWORK (MIHN) - THE MIHN IS A PARTNERSHIP OF CONGREGATIONS/COMPANIES/VOLUNTEER GROUPS WITHIN THE COMMUNITY HELPING FAMILIES WHO ARE FACING HOMELESSNESS. THE MIHN USES...
MIDLAND INTERFAITH HOSPITALITY NETWORK (MIHN) - THE MIHN IS A PARTNERSHIP OF CONGREGATIONS/COMPANIES/VOLUNTEER GROUPS WITHIN THE COMMUNITY HELPING FAMILIES WHO ARE FACING HOMELESSNESS. THE MIHN USES EXISTING COMMUNITY RESOURCES TO PROVIDE COMPREHENSIVE SERVICES TO FAMILIES EXPERIENCING HOMELESSNESS. THIS UNUQUE COMMUNITY RESPONSE OFFERS AN OPPORTUNITY FOR VOLUNTEERS TO BE ON THE FRONT LINE OF MIDLAND'S EFFORT TO REDUCE HOMELESSNESS WHILE TRANSFORMING THE LIVES OF FAMILIES IN NEED. FAMILY PROMISE'S MIHN PROGRAM MAY SERVE UP TO 4 FAMILIES AT A TIME: 14 PEOPLE. WHILE IN THE PROGRAM, THE ADULTS ARE REQUIRED TO WORK FULL-TIME, GO TO SCHOOL FULL-TIME, OR A COMBINATION THEREOF. FAMILIES WORK WITH A CASE MANAGER ON SHORT-TERM OBJECTIVES, OBTAINING LONG-TERM GOALS. ALL FAMILIES HAVE CREDIT REPORTS RUN AND THEN BEGIN THE TASKS OF INCREASING THEIR CREDIT SCORES, WHILE REDUCING DEBT. IN ADDITION, ALL FAMILIES ARE REQUIRED TO SAVE 80% OF THEIR EARNED INCOME IN THEIR OWN BANK ACCOUNTS. PARENTS ARE ALSO REQUIRED TO ATTEND MONTHLY TRAININGS, INCLUDING FINANCIAL LITERACY TRAINING. WE SERVED 11 FAMILIES DURING 2023 INCLUDING 13 ADULTS AND 23 CHILDREN UNDER 18 FOR A TOAL OF 36 INDIVIDUALS SERVED. SIX FAMILIES GRADUATED EITHER TO OUR FAMILIES FORWARD PROGRAM, HUD HOUSING, INCOME-RESTRICTED HOUSING OR MARKET RATE HOUSING. THREE FAMILIES LEFT THE PROGRAM DURING THE YEAR AND TWO FAMILIES REMAINED IN THE PROGRAMS AT YEAR END.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $902,129 | $814,626 | +0.1% |
| Expenses | $1,034,102 | $807,590 | +0.3% |
| Net Income | $-131,973 | $7,036 | -19.8% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| THOMAS MILLER | Executive Dir. | 40.00 |
Officer
|
$100,118 | $0 | $100,118 |
| CASSIE BIBLE | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSH CARTY | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| MISTY CLARY | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| HEATHER BOX | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| BETH BRADFORD | President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| FRANCIS ESSON | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| TREVOR CHILTON | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| ASHLEY LAFEVERS | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| KIRBY CASTILLE | Vice President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBIN CORBITT | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $902,129 | $1,034,102 | $7,796,141 | $-131,973 |
| 2022 | $814,626 | $807,590 | $7,930,152 | $7,036 |
| 2021 | $1,138,946 | $505,701 | $7,885,840 | $633,245 |
| 2020 | $4,317,208 | $428,903 | $7,470,071 | $3,888,305 |
| 2019 | $1,977,399 | $417,428 | $3,359,263 | $1,559,971 |
| 2018 | $1,350,868 | $410,579 | $1,852,578 | $940,289 |
Compare FAMILY PROMISE OF MIDLAND TEXAS INC with other nonprofits in Texas and across the country.