FAMILY SERVICES INC

EIN: 570324920 501(c)(3)

CHARLESTON, SC

Total Revenue
$5,491,476
Total Expenses
$4,829,533
Total Assets
$74,904,391
Net Assets
$8,036,232
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1855
Legal Domicile
SC
Principal Officer
CAPRICE ATTERBURY
Phone
8436283000
Tax Period
2023-01-01 to 2023-12-31

FAMILY SERVICES INC, founded in 1855, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $4.8M left a modest 12% surplus.

Mission

ORIGIN SC EMPOWERS INDIVIDUALS TO ACHIEVE FINANCIAL AND HOUSING STABILITY THROUGH ADVOCACY, COUNSELING AND EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $1,484,359 Revenue: $154,184

THE HOMEOWNERSHIP RESOURCE CENTER (HRC) PROVIDES FINANCIAL LITERACY EDUCATION AND COACHING TO PRIMARILY LOW-TO-MODERATE-INCOME INDIVIDUALS AND POTENTIAL HOMEOWNERS. THE HRC HAS RECEIVED NATIONAL...

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THE HOMEOWNERSHIP RESOURCE CENTER (HRC) PROVIDES FINANCIAL LITERACY EDUCATION AND COACHING TO PRIMARILY LOW-TO-MODERATE-INCOME INDIVIDUALS AND POTENTIAL HOMEOWNERS. THE HRC HAS RECEIVED NATIONAL RECOGNITION AS BEING ONE OF THE TOP AGENCIES IN THE COUNTRY PROVIDING DEFAULT COUNSELING AND FORECLOSURE PREVENTION SERVICES. ADDITIONALLY, THE HRC PROVIDES ONE-ON-ONE LONG TERM BUDGET COUNSELING AND EDUCATIONAL WORKSHOPS FOR POTENTIAL FIRST TIME HOMEBUYERS. LICENSED COUNSELORS HELP INDIVIDUALS TO UNDERSTAND THEIR CREDIT REPORT, LIVE WITHIN THEIR BUDGET, AND EVENTUALLY ATTEND A FIRST TIME HOMEBUYER WORKSHOP TO HELP THEM PREPARE TO PURCHASE A HOME THAT THEY CAN AFFORD. WITH THE SKILLS LEARNED IN THE ORGANIZATION'S HOMEBUYER WORKSHOPS, THE HOMEBUYER WILL HAVE A BETTER UNDERSTANDING OF WHAT A MORTGAGE IS, HOW TO NEGOTIATE CLOSING COSTS, DOWN PAYMENTS, INSURANCE, FUTURE MAINTENANCE, AND THE MYRIAD OF OTHER OBSTACLES FACED BY FIRST TIME OR UNEDUCATED HOMEBUYERS. IN 2023, 342 INDIVIDUALS WERE EDUCATED THROUGH HOMEOWNERSHIP CLASSES AND COACHING, AND 164 PURCHASED A HOME. THE CURRENT OWNED PROPERTIES ARE BEING CONSIDERED TO BUILD LOW-TO-MODERATE INCOME HOUSING FOR THE CHARLESTON TRI-COUNTY AREA.

Program 2
Expenses: $3,070,707 Revenue: $2,623,559

HOUSING STABILITY AND FINANCIAL MANAGEMENT SERVICES (FMS) PROTECTS VULNERABLE INDIVIDUALS FROM EXPERIENCING FINANCIAL EXPLOITATION AND LOSS OF MONEY THROUGH FAMILIAL EXPLOITATION. PROGRAM SERVICES...

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HOUSING STABILITY AND FINANCIAL MANAGEMENT SERVICES (FMS) PROTECTS VULNERABLE INDIVIDUALS FROM EXPERIENCING FINANCIAL EXPLOITATION AND LOSS OF MONEY THROUGH FAMILIAL EXPLOITATION. PROGRAM SERVICES ARE PROVIDED FOR THE ELDERLY, MINORITIES, AND INCAPACITATED INDIVIDUALS THROUGH THE CONSERVATOR PROGRAM OR THE REPRESENTATIVE PAYEE PROGRAM. THE REPRESENTATIVE PAYEE PROGRAM PROVIDES BUDGETING AND FINANCIAL MANAGEMENT SERVICES FOR MORE THAN 1,500 INDIVIDUALS WHO ARE MENTALLY OR PHYSICALLY INCAPABLE OF HANDLING THEIR OWN FINANCIAL AFFAIRS. OUR LEASE ON LIFE AND SUPPORTIVE SERVICES FOR VETERAN FAMILIES PROVIDED ONGOING LEASE SUBSIDIES AND SUPPORTIVE SERVICES FOR VERY LOW INCOME, AT RISK VETERANS AND THEIR FAMILIES. THE CONSERVATOR PROGRAM SERVED OVER 485 CLIENTS WHO ARE APPOINTED BY THE PROBATE COURT OR DEPARTMENT OF VETERAN AFFAIRS WHEN THERE IS NO FAMILY MEMBER OR BONDED ENTITY TO MANAGE THE DISABLED INDIVIDUAL'S FINANCIAL AFFAIRS. BOTH OF THE PROGRAMS MANAGE THE CLIENT'S LIMITED FUNDS, PAY THEIR BILLS, AND ADVOCATE FOR THE INDIVIDUALS TO LIVE AS COMFORTABLY AND INDEPENDENTLY AS POSSIBLE.IN 2023, THE ORGANIZATION ASSISTED 54 HOUSEHOLDS WITH SHORT-TERM, EMERGENCY FINANCIAL ASSISTANCE IN THE FORM OF RENT, UTILITY, MORTGAGE, AND TAX PAYMENTS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,614,856
Program Service Revenue $2,848,124
Investment Income $37,684
Other Revenue $-9,188
TOTAL REVENUE $5,491,476

Expense Breakdown

Grants Paid $905,787
Salaries & Benefits $2,803,962
Fundraising Expenses $0
Program Expenses $4,555,066
Other Expenses $1,119,784
TOTAL EXPENSES $4,829,533

Year-over-Year Comparison

2023 2022 Change
Revenue $5,491,476 $4,699,728 +0.2%
Expenses $4,829,533 $4,273,661 +0.1%
Net Income $661,943 $426,067 +0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
42
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$164,210
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY FERRO CHAIRMAN 1.00
Officer Director
$0 $0 $0
DAVID GEER VICE CHAIR 1.00
Director
$0 $0 $0
JENNIFER ROBERTS MEMBER 1.00
Director
$0 $0 $0
MICHAEL BLANTON MEMBER 1.00
Director
$0 $0 $0
AARON HEATH MEMBER 1.00
Director
$0 $0 $0
NASHONDA HUNTER MEMBER 1.00
Director
$0 $0 $0
MARY ANN HALL MEMBER 1.00
Director
$0 $0 $0
TREY WILLIS MEMBER 1.00
Director
$0 $0 $0
CAPRICE ATTERBURY CEO 45.00
Officer
$164,210 $0 $164,210
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $5,491,476 $4,829,533 $74,904,391 $661,943
2022 $4,699,728 $4,273,661 $67,719,542 $426,067
2021 $4,851,911 $4,152,947 $71,541,435 $698,964
2020 $4,839,501 $4,517,688 $61,114,147 $321,813
2019 $4,182,221 $4,015,820 $56,965,856 $166,401
2018 $4,462,313 $4,244,441 $45,820,009 $217,872
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