Saranam LLC

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

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

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

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

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

“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.”

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

“2023 accomplishments after 20 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 77% 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, 86% 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. 2023 we were able to welcome 10 new families into and had 9/11 families successfully exit our program. Our alumni programming supported 22 indviduals 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 36 children's child savings accounts for their post-secondary education. Saranam continued raising funding for our capital campaign to build a second campus which will more than double the number of families we are able to serve each year. We continue to have construction delays due to labor and supply chain issues. These delays have also caused increased costs to 12.8 million. We plan to occupy the first phase of ten residential units in the early spring 2024. We purchased 3.5 acres to develop a second site which will include an additional 25-residential units, programming spaces, playgrounds, offices, donation center and gardens all designed to bring more families into self-sufficiency. 2023 outcomes since inception in 2004, saranam has served 172 homeless families in albuquerque, including 197 adults and 363 children. Our program has demonstrated a 77% success rate of families exiting the program having met more than three of our measures of success. Our 77% 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 2023 we served 26 families with 29 adults and 52 children. 9/11 families successfully exited the program in 2023. We have remained in contact with an incredible 76% of families who exited one year or more ago. Of those families, 86% 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 62 alumni families in 2023 with 72 individuals (12 are 2gen, they were children when at saranam). We offered 22 individual savings accounts to alumni, and had 36 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: 26 52 children, 29 adults 10 new families were brought into saranam in 2023 unduplicated volunteers: 788 volunteer hours: 4773 in 2023 13 students enrolled in the following schools: central new mexico community college (cnm), university of new mexico (unm), southern new hampshire university (snhu), carrington college, and the avenue academy. Nine (9) adults enrolled in the following programs at cnm: associate degree programs in accounting, nursing, radiology technology, and culinary arts; certificate programs in phlebotomy, cosmetology, nursing assistant,”

“Direct fundraising expense 0 direct fundraising expense 0”