Civic Intelligence

Faithworks Inc

EIN 11-3821376 • 501(c)3 • Cincinnati, OH

Profile

Services to mentally challenged and developmentally disabled clients. Direct care service provider, daily living activities, i e, personal hygiene, dressing, feeding, budgeting, ambulatory needs and skills development services.

11424 Oxfordshire Lane Level BCincinnati, OH 45240

www.finglobal.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

60th percentile

9.5%

Higher net margin than 60% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

99th percentile

733%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

39th percentile

0.9%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$308,965

Up $271,871 (+733%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Up

$308,965

Up $271,871 (+733%) from 2021

Revenue

Up

$668,789

Up $5,713 (+0.9%) from 2021

Expenses

Down

$605,223

Down $35,726 (-5.6%) from 2021

Net Income

Up

$63,566

Up $41,439 (+187%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2010: $5,077Liabilities 2010: $0Net Assets 2010: $5,0772010Assets 2011: $16,791Liabilities 2011: $0Net Assets 2011: $16,7912011Assets 2012: $20,462Liabilities 2012: $0Net Assets 2012: $20,4622012Assets 2013: $21,959Liabilities 2013: $0Net Assets 2013: $21,9592013Assets 2014: $29,055Liabilities 2014: $0Net Assets 2014: $29,0552014Assets 2015: $25,447Liabilities 2015: $0Net Assets 2015: $25,4472015Assets 2016: $25,455Liabilities 2016: $0Net Assets 2016: $25,4552016Assets 2017: $23,395Liabilities 2017: $0Net Assets 2017: $23,3952017Assets 2018: $38,597Liabilities 2018: $0Net Assets 2018: $38,5972018Assets 2019: $16,698Liabilities 2019: $0Net Assets 2019: $16,6982019Assets 2020: $113,747Liabilities 2020: $0Net Assets 2020: $113,7472020Assets 2021: $37,094Liabilities 2021: $0Net Assets 2021: $37,0942021Assets 2022: $308,965Liabilities 2022: $0Net Assets 2022: $308,9652022

Highlighted filing

2022

Assets$308,965
Liabilities$0
Net Assets$308,965

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0Expenses 2010: $175,6432010Expenses 2011: $200,1692011Revenue 2012: $202,214Expenses 2012: $200,169Net Income 2012: $2,0452012Revenue 2013: $433,915Expenses 2013: $426,702Net Income 2013: $7,2132013Revenue 2014: $547,338Expenses 2014: $540,242Net Income 2014: $7,0962014Revenue 2015: $606,748Expenses 2015: $597,434Net Income 2015: $9,3142015Revenue 2016: $582,984Expenses 2016: $572,275Net Income 2016: $10,7092016Revenue 2017: $671,005Expenses 2017: $662,577Net Income 2017: $8,4282017Revenue 2018: $713,702Expenses 2018: $690,072Net Income 2018: $23,6302018Revenue 2019: $687,709Expenses 2019: $677,745Net Income 2019: $9,9642019Revenue 2020: $728,887Expenses 2020: $630,107Net Income 2020: $98,7802020Revenue 2021: $663,076Expenses 2021: $640,949Net Income 2021: $22,1272021Revenue 2022: $668,789Expenses 2022: $605,223Net Income 2022: $63,5662022

Highlighted filing

2022

Revenue$668,789
Expenses$605,223
Net Income$63,566

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 6, 2023
Return Version
2022v5.0
Gross Receipts
$668,789
Mission and Program Overview

Mission

Services to mentally challenged and developmentally disabled clients. Direct care service provider, daily living activities, i e, personal hygiene, dressing, feeding, budgeting, ambulatory needs and skills development services.

1. Services to mentally challenged and developmentally disabled clients. 2. Direct care service provider, daily living activities, ie, personal hygiene, dressing, feeding, budgeting, ambulatory needs and skills

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$22,127$210,036▲ $187,909
Rtn Earn Endowment Incm Other Fnds$22,127$210,036▲ $187,909
Cap Stk Tr Prin Current Funds-$83,962-
Prepaid Expenses and Deferred Charges-$83,962-
Land, Buildings, and Equipment, Net$14,967$14,967→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$14,967$14,967→ $0
Total Assets$37,094$308,965▲ $271,871
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$37,094$308,965▲ $271,871
Total Liabilities and Net Assets / Fund Balance$37,094$308,965▲ $271,871

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,467-$13,467
Other Land Buildings$1,500-$1,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael R Foday MbaPresident/chairmanPT$69,235$69,235
Kara Foday-jonesCEO/corp SecretaryFT$27,500$27,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$668,789
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$63,566
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$392,340
Other Expenses$212,883
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$364,459--$364,459
Fees for Services Management$94,533--$94,533
Office Expenses$35,000--$35,000
Occupancy$34,000--$34,000
Payroll Taxes$27,881--$27,881
Other Expenses$14,000--$14,000
Travel$5,500--$5,500
Fees for Services Accounting$5,400--$5,400
Insurance$4,250--$4,250
Information Technology$3,500--$3,500
Total Functional Expenses$605,223$0$0$605,223
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VII, Section A, Line 3

Kara M. Foday-Jones was appointed as the new Corporate Secretary and Administrator. and was approved by the State of OH. Papers on file. Todd M. Shepherd Clifford Jones were appointed to the board to replace Lorne Clay and Benjamin Kamora.

Form 990, Part VIII, Section Program Services, Line Revenue

State of Ohio Medicaid revenue continue as the Revenue source for the organization.

Filing and Contact Details

Filer

Filer Name
Faithworks Inc
EIN
11-3821376
Phone
5136489947
Address
11424 OXFORDSHIRE LANE LEVEL B, CINCINNATI, OH 45240

Signing Officer

Name
Michael R Foday
Title
Presidentchairman
Phone
5136489947
Signed
2023-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael R Foday
Formed
2004
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
30

Preparer

Firm
Aamtax
Address
P 0 BOX 12729, CINCINNATI, OH 45212
Preparer
Sam R Asmah
Phone
5136802620
Supplemental Narrative

Additional Explanations

Form 990, Part I, Section Revenue, Line 9

Revenue increased by 1 from 663,076 to 668,789..

Form 990, Part I, Section Expenses, Line 15

Payroll decreased by 12,891 from 405,231 to 392,340

Form 990, Part I, Section Expenses, Line Line 17

Other expenses decreased by 22,835 from 235,178 to 212,883 .

Form 990, Part I, Section Rev//Expenses, Line Line 19

Revenue less Expenses increased to 63,566 from 22,127 almost 3X due to infusion of SBA EIDL loan.

Form 990, Part I, Section Net Assets/FBal, Line Line 22

Net Assets//Fund Balance increased to 308,965 from 37,094 due to infusion of SBA EIDL Loan.

Form 990, Part III, Line 1

No new programs were added.

Form 990, Part X, Section Assets, Line 1

Column B increased to 210,036 from 22,127. Also due to the infusion of SBA EIDL Loan.

Form 990, Part X, Section Net Assets// FB, Line 32

End of yhe year Fund balance increased to 308,965 from 37,094 due to the infusion of SBA EIDL Loan.

Form 990, Part XI, Section Reconciliation, Line 9

Reconciliation was successfully completed due to the infusion of the SBA EIDL Loan.

Form 990, Part XII, Section F/Reporting, Line 3A

Organization only receives State of OHIO funding.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014967
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Revenue increased by 1 from 663,076 to 668,789..
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Payroll decreased by 12,891 from 405,231 to 392,340
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Other expenses decreased by 22,835 from 235,178 to 212,883 .
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Revenue less Expenses increased to 63,566 from 22,127 almost 3X due to infusion of SBA EIDL loan.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Net Assets//Fund Balance increased to 308,965 from 37,094 due to infusion of SBA EIDL Loan.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5No new programs were added.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Kara M. Foday-Jones was appointed as the new Corporate Secretary and Administrator. and was approved by the State of OH. Papers on file. Todd M. Shepherd Clifford Jones were appointed to the board to replace Lorne Clay and Benjamin Kamora.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7State of Ohio Medicaid revenue continue as the Revenue source for the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Column B increased to 210,036 from 22,127. Also due to the infusion of SBA EIDL Loan.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9End of yhe year Fund balance increased to 308,965 from 37,094 due to the infusion of SBA EIDL Loan.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Reconciliation was successfully completed due to the infusion of the SBA EIDL Loan.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Organization only receives State of OHIO funding.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Section Revenue, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part I, Section Expenses, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part I, Section Expenses, Line Line 17
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part I, Section Rev//Expenses, Line Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part I, Section Net Assets/FBal, Line Line 22
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part III, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VII, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VIII, Section Program Services, Line Revenue
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part X, Section Assets, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part X, Section Net Assets// FB, Line 32
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part XI, Section Reconciliation, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part XII, Section F/Reporting, Line 3a
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt037094
IRS990/TotalAssetsEOYAmt0308965
IRS990/TotalAssetsGrp/BOYAmt037094
IRS990/TotalAssetsGrp/EOYAmt0308965
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt030
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0605223
IRS990/TotalFunctionalExpensesGrp/TotalAmt0605223
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt037094
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0308965
IRS990/TotalProgramServiceExpensesAmt0605223
IRS990/TotalProgramServiceRevenueAmt0668789
IRS990/TotalReportableCompFromOrgAmt096735
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0668789
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt037094
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0308965
IRS990/TravelGrp/ProgramServicesAmt05500
IRS990/TravelGrp/TotalAmt05500
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011424 OXFORDSHIRE LANE LEVEL B
IRS990/USAddress/CityNm0CINCINNATI
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd045240
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.FINGLOBAL.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL R FODAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENTCHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum05136489947
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FAITHWORKS INC
ReturnHeader/Filer/BusinessNameControlTxt0FAIT
ReturnHeader/Filer/EIN0113821376
ReturnHeader/Filer/PhoneNum05136489947
ReturnHeader/Filer/USAddress/AddressLine1Txt011424 OXFORDSHIRE LANE LEVEL B
ReturnHeader/Filer/USAddress/CityNm0CINCINNATI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd045240
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0311288545
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AAMTAX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P 0 BOX 12729
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CINCINNATI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd045212
ReturnHeader/PreparerPersonGrp/PhoneNum05136802620
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SAM R ASMAH
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-11-13T08:57:27-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FODAY
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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