Civic Intelligence

Saranam LLC

EIN 20-2036621 • 501(c)3 • Albuquerque, NM

Profile

To empower families to end their homelessness and poverty through housing, education, and supportive communities.

1028 Eubank Blvd NE Suite FAlbuquerque, NM 87112

saranamabq.org

Siviq Scores

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

Liabilities / Assets

37th percentile

0.08x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

0.22x

Higher debt load relative to revenue than 50% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

91st percentile

56%

Higher net margin than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

88th percentile

32%

Faster asset growth than 88% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

73%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$12,785,140

Up $3,081,968 (+32%) from 2023

Liabilities

Down

$1,059,295

Down $26,261 (-2.4%) from 2023

Net Assets

Up

$11,725,845

Up $3,108,229 (+36%) from 2023

Revenue

Up

$4,757,069

Up $2,012,439 (+73%) from 2023

Expenses

Up

$2,076,506

Up $265,052 (+15%) from 2023

Net Income

Up

$2,680,563

Up $1,747,387 (+187%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $120,209Liabilities 2010: $8,010Net Assets 2010: $112,1992010Assets 2011: $155,621Liabilities 2011: $11,322Net Assets 2011: $144,2992011Assets 2012: $169,667Liabilities 2012: $9,902Net Assets 2012: $159,7652012Assets 2013: $154,393Liabilities 2013: $4,033Net Assets 2013: $150,3602013Assets 2014: $227,469Liabilities 2014: $11,817Net Assets 2014: $215,6522014Assets 2015: $212,278Liabilities 2015: $16,993Net Assets 2015: $195,2852015Assets 2016: $270,980Liabilities 2016: $18,962Net Assets 2016: $252,0182016Assets 2017: $409,747Liabilities 2017: $14,247Net Assets 2017: $395,5002017Assets 2018: $650,856Liabilities 2018: $25,023Net Assets 2018: $625,8332018Assets 2019: $1,014,174Liabilities 2019: $33,623Net Assets 2019: $980,5512019Assets 2020: $1,696,264Liabilities 2020: $144,005Net Assets 2020: $1,552,2592020Assets 2021: $7,396,865Liabilities 2021: $888,913Net Assets 2021: $6,507,9522021Assets 2022: $8,474,638Liabilities 2022: $796,163Net Assets 2022: $7,678,4752022Assets 2023: $9,703,172Liabilities 2023: $1,085,556Net Assets 2023: $8,617,6162023Assets 2024: $12,785,140Liabilities 2024: $1,059,295Net Assets 2024: $11,725,8452024

Highlighted filing

2024

Assets$12,785,140
Liabilities$1,059,295
Net Assets$11,725,845

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $295,6762010Expenses 2011: $342,1862011Expenses 2012: $390,4722012Revenue 2013: $429,855Expenses 2013: $439,260Net Income 2013: -$9,4052013Revenue 2014: $626,920Expenses 2014: $561,628Net Income 2014: $65,2922014Revenue 2015: $596,036Expenses 2015: $616,403Net Income 2015: -$20,3672015Revenue 2016: $750,936Expenses 2016: $694,203Net Income 2016: $56,7332016Revenue 2017: $783,964Expenses 2017: $640,482Net Income 2017: $143,4822017Revenue 2018: $934,013Expenses 2018: $693,680Net Income 2018: $240,3332018Revenue 2019: $1,243,904Expenses 2019: $889,186Net Income 2019: $354,7182019Revenue 2020: $1,541,479Expenses 2020: $1,050,113Net Income 2020: $491,3662020Revenue 2021: $6,220,441Expenses 2021: $1,264,748Net Income 2021: $4,955,6932021Revenue 2022: $2,661,620Expenses 2022: $1,364,064Net Income 2022: $1,297,5562022Revenue 2023: $2,744,630Expenses 2023: $1,811,454Net Income 2023: $933,1762023Revenue 2024: $4,757,069Expenses 2024: $2,076,506Net Income 2024: $2,680,5632024

Highlighted filing

2024

Revenue$4,757,069
Expenses$2,076,506
Net Income$2,680,563

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.8$1.06$11.7$4.76$2.08$2.68
2023Detailed filing. Detailed filing data is available for this year.$9.70$1.09$8.62$2.74$1.81$0.93
2022Detailed filing. Detailed filing data is available for this year.$8.47$0.80$7.68$2.66$1.36$1.30
2021Detailed filing. Detailed filing data is available for this year.$7.40$0.89$6.51$6.22$1.26$4.96
2020Detailed filing. Detailed filing data is available for this year.$1.70$0.14$1.55$1.54$1.05$0.49
2019Detailed filing. Detailed filing data is available for this year.$1.01$0.03$0.98$1.24$0.89$0.35
2018Detailed filing. Detailed filing data is available for this year.$0.65$0.03$0.63$0.93$0.69$0.24
2017Detailed filing. Detailed filing data is available for this year.$0.41$0.01$0.40$0.78$0.64$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.27$0.02$0.25$0.75$0.69$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.21$0.02$0.20$0.60$0.62$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.01$0.22$0.63$0.56$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.43$0.44$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.01$0.16$0.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.01$0.14$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.01$0.11$0.30
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 30, 2025
Return Version
2024v5.0
Gross Receipts
$4,757,069
Mission and Program Overview

Mission

Vision-to transform the lives of homeless families mission-to empower families to end their homelessness and poverty through housing, education and supportive communities.

To empower families to end their homelessness and poverty through housing, education, and supportive communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$759,969$2,755,011▲ $1,995,042
Cash and Non-Interest-Bearing Accounts$3,793,215$1,751,089▼ $2,042,126
Land, Buildings, and Equipment, Net$781,288$773,081▼ $8,207
Prepaid Expenses and Deferred Charges$17,381$19,072▲ $1,691
Total Assets$9,703,172$12,785,140▲ $3,081,968
Other Assets Total$4,351,319$7,486,887▲ $3,135,568
Liabilities
Mortgage Notes Payable Secured by Investment Property$750,000$736,753▼ $13,247
Accounts Payable and Accrued Expenses$209,943$203,662▼ $6,281
Other Liabilities$125,613$118,880▼ $6,733
Total Liabilities$1,085,556$1,059,295▼ $26,261
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,996,980$10,183,105▲ $4,186,125
Net Assets With Donor Restrictions$2,620,636$1,542,740▼ $1,077,896
Total Net Assets Fund Balance$8,617,616$11,725,845▲ $3,108,229
Total Liabilities and Net Assets / Fund Balance$9,703,172$12,785,140▲ $3,081,968

Asset Categories

AssetBook ValueDepreciationBasis
Land$750,000-$750,000
Equipment$20,627$43,900$64,527
Leasehold Improvements$2,454$14,995$17,449
Other Land Buildings-$16,654$16,654
Other Assets Org$12,724--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tracy WeaverExecutive DiFT$138,758$138,758

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,663,425
Program Service Revenue
$0
Investment Income
$93,644
Other Revenue
$0
All Other Contributions
$3,509,046
Change in Net Assets
$2,680,563

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$27,159
Other Non Cash Contri Table1$18,494
Food Inventory1$1,008
Total Noncash Contributions3$46,661

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,757,069
Revenue Not Reported on Form 990
$427,666
Total Revenue per Audited Statements
$5,184,735
Total Revenue per Form 990
$4,757,069
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,043,422
Salaries, Compensation, and Employee Benefits$1,033,084
Total Fundraising Expense$181,399
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$605,403$27,419$118,825$751,647
Occupancy$300,345--$300,345
Current Officers, Directors, Trustees, and Key Employees$117,944$13,876$6,938$138,758
All Other Expenses$82,668-$95$82,763
Payroll Taxes$58,915$3,363$10,243$72,521
Other Employee Benefits$56,995$3,254$9,909$70,158
Fees for Services Other$37,422$4,416$22,762$64,600
Interest-$59,893-$59,893
Other Expenses$50,559$14,287$685$50,559
Office Expenses$23,801-$8,233$32,034
Information Technology$17,608$1,005$3,061$21,674
Insurance$19,167$1,009-$20,176
Fees for Services Accounting-$14,836-$14,836
Travel$11,704--$11,704
Depreciation Depletion$8,207--$8,207
Advertising--$648$648
Total Functional Expenses$1,751,749$143,358$181,399$2,076,506

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,076,506
Total Expenses per Audited Statements$2,076,506
Total Expenses per Form 990$2,076,506
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
Accrued Payroll$75,282
Lease Liability-lt$27,071
Lease Liability-st$16,527
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7B

Church council of central united methodist church approves members of saranam llc board

Form 990, Page 6, Part VI, Line 11B

Finance committee of saranam llc reviews the document prior to electronic submission.

Form 990, Page 6, Part VI, Line 12C

Conflicts and possible conflicts are required to be disclosed voluntarily by the officer, director or committee member.

Form 990, Page 6, Part VI, Line 15A

Compensation of officers and directors are reviewed and approved during the annual budget process.

Form 990, Page 6, Part VI, Line 15B

Compensation of officers and directors are reviewed and approved during the annual budget process.

Form 990, Page 6, Part VI, Line 19

Financial and operational activities are disclosed on the organization's website. Audit reports and the form 990 information is disclosed on the guidestar website. Additional information is available upon request.

Filing and Contact Details

Filer

Filer Name
Saranam LLC
EIN
20-2036621
Phone
5052996154
Address
1028 EUBANK BLVD NE SUITE F, ALBUQUERQUE, NM 87112

Signing Officer

Name
Tracy Weaver
Title
Executive Director
Phone
5052996154
Signed
2025-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tracy Weaver
Formed
2004
Legal Domicile
Nm
Voting Board Members
14
Independent Board Members
14
Employees
16
Volunteers
788

Preparer

Firm
Waters & Company LLC
Address
3311 CANDELARIA RD NE STE D, ALBUQUERQUE, NM 87107
Preparer
Ollie D Waters
Phone
5052600616
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers provided 4,133 hours of donated time to saranam.

Form 990, Page 2, Part III, Line 4A

2024 accomplishments after 21 years in operation, saranam has provided families with safe housing, practical life-skills instruction, a supportive community, and a pathway to self-sufficiency through education. With 76% of families successfully exiting the program into permanent, safe and stable living situations, saranam is a sustainable solution to family homelessness. We have remained in contact with an incredible 76% of families who exited one year or more ago. Of those families, 82% who left the program successfully remain stable after a year. Saranam's approach to ending poverty and homelessness for families is an innovative two-generational strategy, where both parents and children receive services simultaneously and in sync. Our two-generational strategy is supported by a growing body of anti-poverty research that shows the effectiveness of making both parents and children change agents in working to get out of poverty. In 2024 we were able to welcome 19 new families into and had 8/11 families successfully exit our program. Our alumni programming supported 14 individuals in prosperity works's individual development accounts (savings targeted toward education, home buying, small business or vehicle purchase) program, supporting each person's savings with a 4:1 match we also contributed to 51 children's child savings accounts for their post-secondary education. Saranam occupied the first phase of our new adc family campus with 9 new families this year our second campus, when complete, will more than double the number of families we are able to serve each year. This 3.5-acre property will include an additional 23 residential units, programming spaces, playgrounds, offices, donation center and gardens all designed to bring more families into self-sufficiency. 2024 outcomes since inception in 2004, saranam has served 191 families experiencing homelessness in albuquerque, including 216 adults and 409 children. Our program has demonstrated a 76% success rate of families exiting the program having met more than three of our measures of success. Our 76% success rate indicates that when families exit, they are able to support themselves, including paying for housing, supplies, utilities, etc., on their own income. The life skills we provide ensure that our families are able to maintain and sustain these outcomes. In 2024 we served 34 families with 37 adults and 75 children. 8/11 families successfully exited the program in 2024. We have remained in contact with an incredible 76% of families who exited one year or more ago. Of those families, 82% who left the program successfully remain stable after a year. This year we continued our alumni component to our programming, enabling us to continue to support family stability through added community, asset building and educational activities. We had direct contact with 96 alumni families in 2024. 20 of the children in those families are now adults (2gen kids) and maintain a relationship with saranam. We offered 14 individual development accounts to alumni, and had 51 child savings accounts. Saranam's 3 steps to ending homelessness and poverty for families. 1.housing ends homelessness 2.education brings employment opportunities. 3.community builds connection. Number of families: 34 75 children, 37 adults 19 new families were brought into saranam in 2024 unduplicated volunteers: 1311 volunteer hours: 7125 in 2024 20 students enrolled in the following schools: central new mexico community college (cnm), university of new mexico (unm), carrington college, southwest indian polytechnic institute (sipi) and eastern new mexico university (enmu). Three students obtained their ged. Others obtained certificates in licensed practical nursing, certified nursing assistant, and phlebotomy. Adults were pursuing and enrolled in the following programs: "bachelor degree programs in liberal arts, social work and nursing; "associate degree programs in nursing (2), radiology technology (2), computer informa

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IRS990/ActivityOrMissionDesc0TO EMPOWER FAMILIES TO END THEIR HOMELESSNESS AND POVERTY THROUGH HOUSING, EDUCATION, AND SUPPORTIVE COMMUNITIES.
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IRS990/Desc02024 ACCOMPLISHMENTS AFTER 21 YEARS IN OPERATION, SARANAM HAS PROVIDED FAMILIES WITH SAFE HOUSING, PRACTICAL LIFE-SKILLS INSTRUCTION, A SUPPORTIVE COMMUNITY, AND A PATHWAY TO SELF-SUFFICIENCY THROUGH EDUCATION. WITH 76% OF FAMILIES SUCCESSFULLY EXITING THE PROGRAM INTO PERMANENT, SAFE AND STABLE LIVING SITUATIONS, SARANAM IS A SUSTAINABLE SOLUTION TO FAMILY HOMELESSNESS. WE HAVE REMAINED IN CONTACT WITH AN INCREDIBLE 76% OF FAMILIES WHO EXITED ONE YEAR OR MORE AGO. OF THOSE FAMILIES, 82% WHO LEFT THE PROGRAM SUCCESSFULLY REMAIN STABLE AFTER A YEAR. SARANAM'S APPROACH TO ENDING POVERTY AND HOMELESSNESS FOR FAMILIES IS AN INNOVATIVE TWO-GENERATIONAL STRATEGY, WHERE BOTH PARENTS AND CHILDREN RECEIVE SERVICES SIMULTANEOUSLY AND IN SYNC. OUR TWO-GENERATIONAL STRATEGY IS SUPPORTED BY A GROWING BODY OF ANTI-POVERTY RESEARCH THAT SHOWS THE EFFECTIVENESS OF MAKING BOTH PARENTS AND CHILDREN CHANGE AGENTS IN WORKING TO GET OUT OF POVERTY. IN 2024 WE WERE ABLE TO WELCOME 19 NEW FAMILIES INTO AND HAD 8/11 FAMILIES SUCCESSFULLY EXIT OUR PROGRAM. OUR ALUMNI PROGRAMMING SUPPORTED 14 INDIVIDUALS IN PROSPERITY WORKS'S INDIVIDUAL DEVELOPMENT ACCOUNTS (SAVINGS TARGETED TOWARD EDUCATION, HOME BUYING, SMALL BUSINESS OR VEHICLE PURCHASE) PROGRAM, SUPPORTING EACH PERSON'S SAVINGS WITH A 4:1 MATCH WE ALSO CONTRIBUTED TO 51 CHILDREN'S CHILD SAVINGS ACCOUNTS FOR THEIR POST-SECONDARY EDUCATION. SARANAM OCCUPIED THE FIRST PHASE OF OUR NEW ADC FAMILY CAMPUS WITH 9 NEW FAMILIES THIS YEAR OUR SECOND CAMPUS, WHEN COMPLETE, WILL MORE THAN DOUBLE THE NUMBER OF FAMILIES WE ARE ABLE TO SERVE EACH YEAR. THIS 3.5-ACRE PROPERTY WILL INCLUDE AN ADDITIONAL 23 RESIDENTIAL UNITS, PROGRAMMING SPACES, PLAYGROUNDS, OFFICES, DONATION CENTER AND GARDENS ALL DESIGNED TO BRING MORE FAMILIES INTO SELF-SUFFICIENCY. 2024 OUTCOMES SINCE INCEPTION IN 2004, SARANAM HAS SERVED 191 FAMILIES EXPERIENCING HOMELESSNESS IN ALBUQUERQUE, INCLUDING 216 ADULTS AND 409 CHILDREN. OUR PROGRAM HAS DEMONSTRATED A 76% SUCCESS RATE OF FAMILIES EXITING THE PROGRAM HAVING MET MORE THAN THREE OF OUR MEASURES OF SUCCESS. OUR 76% SUCCESS RATE INDICATES THAT WHEN FAMILIES EXIT, THEY ARE ABLE TO SUPPORT THEMSELVES, INCLUDING PAYING FOR HOUSING, SUPPLIES, UTILITIES, ETC., ON THEIR OWN INCOME. THE LIFE SKILLS WE PROVIDE ENSURE THAT OUR FAMILIES ARE ABLE TO MAINTAIN AND SUSTAIN THESE OUTCOMES. IN 2024 WE SERVED 34 FAMILIES WITH 37 ADULTS AND 75 CHILDREN. 8/11 FAMILIES SUCCESSFULLY EXITED THE PROGRAM IN 2024. WE HAVE REMAINED IN CONTACT WITH AN INCREDIBLE 76% OF FAMILIES WHO EXITED ONE YEAR OR MORE AGO. OF THOSE FAMILIES, 82% WHO LEFT THE PROGRAM SUCCESSFULLY REMAIN STABLE AFTER A YEAR. THIS YEAR WE CONTINUED OUR ALUMNI COMPONENT TO OUR PROGRAMMING, ENABLING US TO CONTINUE TO SUPPORT FAMILY STABILITY THROUGH ADDED COMMUNITY, ASSET BUILDING AND EDUCATIONAL ACTIVITIES. WE HAD DIRECT CONTACT WITH 96 ALUMNI FAMILIES IN 2024. 20 OF THE CHILDREN IN THOSE FAMILIES ARE NOW ADULTS (2GEN KIDS) AND MAINTAIN A RELATIONSHIP WITH SARANAM. WE OFFERED 14 INDIVIDUAL DEVELOPMENT ACCOUNTS TO ALUMNI, AND HAD 51 CHILD SAVINGS ACCOUNTS. SARANAM'S 3 STEPS TO ENDING HOMELESSNESS AND POVERTY FOR FAMILIES. 1.HOUSING ENDS HOMELESSNESS 2.EDUCATION BRINGS EMPLOYMENT OPPORTUNITIES. 3.COMMUNITY BUILDS CONNECTION. NUMBER OF FAMILIES: 34 75 CHILDREN, 37 ADULTS 19 NEW FAMILIES WERE BROUGHT INTO SARANAM IN 2024 UNDUPLICATED VOLUNTEERS: 1311 VOLUNTEER HOURS: 7125 IN 2024 20 STUDENTS ENROLLED IN THE FOLLOWING SCHOOLS: CENTRAL NEW MEXICO COMMUNITY COLLEGE (CNM), UNIVERSITY OF NEW MEXICO (UNM), CARRINGTON COLLEGE, SOUTHWEST INDIAN POLYTECHNIC INSTITUTE (SIPI) AND EASTERN NEW MEXICO UNIVERSITY (ENMU). THREE STUDENTS OBTAINED THEIR GED. OTHERS OBTAINED CERTIFICATES IN LICENSED PRACTICAL NURSING, CERTIFIED NURSING ASSISTANT, AND PHLEBOTOMY. ADULTS WERE PURSUING AND ENROLLED IN THE FOLLOWING PROGRAMS: "BACHELOR DEGREE PROGRAMS IN LIBERAL ARTS, SOCIAL WORK AND NURSING; "ASSOCIATE DEGREE PROGRAMS IN NURSING (2), RADIOLOGY TECHNOLOGY (2), COMPUTER INFORMA
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