Civic Intelligence

Family Resources Inc.

990 • Fiscal year 2016 • EIN 23-7146873

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 15, 2016

5180 62nd Ave NPinellas Park, FL 33781

(727) 521-5200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

62nd percentile

0.30x

Higher debt load relative to assets than 62% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

60th percentile

0.29x

Higher debt load relative to revenue than 60% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

46th percentile

1.0%

Higher net margin than 46% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

68th percentile

$166,792

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

17th percentile

-5.8%

Faster asset growth than 17% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2016

Revenue Growth

64th percentile

8.2%

Faster revenue growth than 64% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2016

Assets

Down

$7,175,055

Down $905,051 (-11%) from 2014

Net Assets

Down

$4,992,906

Down $630,341 (-11%) from 2014

Liabilities

Down

$2,182,149

Down $274,710 (-11%) from 2014

Revenue

Up

$7,516,211

Up $1,097,594 (+17%) from 2014

Expenses

Up

$7,442,574

Up $1,069,028 (+17%) from 2014

Net Income

Up

$73,637

Up $28,566 (+63%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $8,875,315Liabilities 2010: $3,172,444Net Assets 2010: $5,702,8712010Assets 2011: $8,587,374Liabilities 2011: $3,146,023Net Assets 2011: $5,441,3512011Assets 2012: $7,520,848Liabilities 2012: $2,788,821Net Assets 2012: $4,732,0272012Assets 2013: $8,225,171Liabilities 2013: $2,646,995Net Assets 2013: $5,578,1762013Assets 2014: $8,080,106Liabilities 2014: $2,456,859Net Assets 2014: $5,623,2472014Assets 2016: $7,175,055Liabilities 2016: $2,182,149Net Assets 2016: $4,992,9062016Assets 2017: $7,402,679Liabilities 2017: $2,040,254Net Assets 2017: $5,362,4252017Assets 2018: $7,735,222Liabilities 2018: $2,027,095Net Assets 2018: $5,708,1272018Assets 2019: $7,712,604Liabilities 2019: $1,912,292Net Assets 2019: $5,800,3122019Assets 2020: $8,890,473Liabilities 2020: $3,183,154Net Assets 2020: $5,707,3192020Assets 2021: $9,034,962Liabilities 2021: $2,263,327Net Assets 2021: $6,771,6352021Assets 2022: $8,866,537Liabilities 2022: $1,771,186Net Assets 2022: $7,095,3512022Assets 2024: $11,871,828Liabilities 2024: $1,375,204Net Assets 2024: $10,496,6242024

Highlighted filing

2016

Assets$7,175,055
Liabilities$2,182,149
Net Assets$4,992,906

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $7,590,8862010Expenses 2011: $7,768,6002011Expenses 2012: $6,068,9792012Expenses 2013: $6,111,9792013Revenue 2014: $6,418,617Expenses 2014: $6,373,546Net Income 2014: $45,0712014Revenue 2016: $7,516,211Expenses 2016: $7,442,574Net Income 2016: $73,6372016Revenue 2017: $9,463,367Expenses 2017: $9,093,848Net Income 2017: $369,5192017Revenue 2018: $9,179,750Expenses 2018: $8,842,150Net Income 2018: $337,6002018Revenue 2019: $8,703,272Expenses 2019: $8,591,965Net Income 2019: $111,3072019Revenue 2020: $8,265,233Expenses 2020: $8,340,821Net Income 2020: -$75,5882020Revenue 2021: $9,311,527Expenses 2021: $8,265,434Net Income 2021: $1,046,0932021Revenue 2022: $8,265,618Expenses 2022: $7,851,572Net Income 2022: $414,0462022Revenue 2024: $10,609,167Expenses 2024: $8,745,399Net Income 2024: $1,863,7682024

Highlighted filing

2016

Revenue$7,516,211
Expenses$7,442,574
Net Income$73,637
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 15, 2016
Return Version
2015v3.0
Gross Receipts
$7,545,844
Mission and Program Overview

Mission

To strengthen families and build better communities by providing prevention, support, and counseling services to children, teens, and families. Part iii - additional information family counseling parents and youth ages 6-17 can receive counseling services designed to improve relationships so they are more confident and satisfied with their lives. Family counselors are licensed or master level clinicians ensuring individuals and families receive the highest quality of service. Counseling services are confidential and provided in a welcoming office environment. The immediate goal of family crisis intervention is to address the issues precipitating the crisis. The family counselor works with the family to identify possible resolutions to the problem and reduce the degree of stress between family members. Safe2b - you and me safe2b - you and me is a family resources community education program offered to teens and adults ages 15 to 25. The goal of the safe2b - you and me is to educate yout

To strengthen families and build better communities by providing prevention, support, and counseling services to children, teens, and families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,232,581$5,055,329▼ $177,252
Cash and Non-Interest-Bearing Accounts$1,060,387$986,366▼ $74,021
Pledges and Grants Receivable$659,748$915,301▲ $255,553
Investments in Publicly Traded Securities$130,143$129,698▼ $445
Prepaid Expenses and Deferred Charges$89,970$78,827▼ $11,143
Total Assets$7,190,067$7,175,055▼ $15,012
Other Assets Total$17,238$9,534▼ $7,704
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,766,824$1,592,833▼ $173,991
Accounts Payable and Accrued Expenses$493,202$583,727▲ $90,525
Deferred Revenue$10,772$5,589▼ $5,183
Total Liabilities$2,270,798$2,182,149▼ $88,649
Net Assets / Fund Balance
Unrestricted Net Assets$3,654,398$3,871,396▲ $216,998
Temporarily Rstr Net Assets$1,264,871$1,121,510▼ $143,361
Total Net Assets Fund Balance$4,919,269$4,992,906▲ $73,637
Total Liabilities and Net Assets / Fund Balance$7,190,067$7,175,055▼ $15,012

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,985,209$3,380,087$7,365,296
Land$941,849-$941,849
Equipment$105,537$356,564$462,101
Other Land Buildings$22,734$137,809$160,543

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$1,264,871$5,589-$143,361$1,121,510
2014$2,305,630$10,772-$1,051,531$1,264,871
2013$2,431,420$5,734-$131,524$2,305,630
2012$1,685,724$898,293-$152,597$2,431,420
2011$1,727,267$31,025-$72,568$1,685,724
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa M Davis PhdPresident/ceFT$154,335$12,457$166,792
Lisa M Davis PhdPresident/CEO-$154,335-$154,335
Karen L MillerCFOFT$79,990$8,104$88,094

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$7,450,265
Program Service Revenue
$10,139
Investment Income
$9,666
Other Revenue
$46,141
All Other Contributions
$229,937
Change in Net Assets
$73,637

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,516,211
Total Revenue per Audited Statements
$7,516,211
Total Revenue per Form 990
$7,516,211
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,938,311
Other Expenses$3,504,263
Total Fundraising Expense$91,351
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,575,015$484,448$54,568$3,114,031
Fees for Services Other$1,897,179$33,696$2,333$1,933,208
Office Expenses$268,231$50,012$7,660$325,903
Payroll Taxes$256,461$43,340$5,104$304,905
Depreciation Depletion$226,421$66,657$2,418$295,496
Occupancy$251,662$27,551$1,016$280,229
Current Officers, Directors, Trustees, and Key Employees$193,765$36,454$4,106$234,325
Other Employee Benefits$187,459$21,856$4,387$213,702
All Other Expenses$100,330$21,013$1,635$122,978
Insurance$69,933$30,140$993$101,066
Pension Plan Contributions$47,390$22,567$1,391$71,348
Other Expenses$45,737$4,410$2,263$52,410
Travel$41,831$3,908$634$46,373
Interest$21,925$7,356$589$29,870
Total Functional Expenses$6,479,470$871,753$91,351$7,442,574

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,442,574
Total Expenses per Audited Statements$7,442,574
Total Expenses per Form 990$7,442,574
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$75,774
Fundraising Direct Expenses$29,633
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Celebrity Karao$53,885$53,885$19,992$33,893
Golf Tournament$21,889$21,889$9,641$12,248
Total Events$75,774$75,774$29,633$46,141
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Management duties delegated
No

Governance Explanations

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

The organization's form 990 is presented to the finance team for initial review. The finance team then presents the form 990 to the full board of directors making the appropriate recommendations prior to filing.

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

The organization's conflict of interest policy requires that all directors execute a conflict of interest statement disclosing any potential or known conflicts of interest. The statements are reviewed and updated annually.

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

The compensation of the ceo is established by the board on the recommendation of the board's executive team. In preparing this recommendation, the executive team periodically secures the assistance of an independent compensation consultant who completes a salary market analysis and recommendation based on comparability data.

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

The compensation of senior leadership team members is established by the ceo based on the recommendation of an independent compensation consultant.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request. The organization's form 990 is available on guidestar and on the organization's website: www.family-resources.org

Filing and Contact Details

Filer

Filer Name
Family Resources Inc
EIN
23-7146873
Phone
7275215200
Address
5180 62ND AVE N, PINELLAS PARK, FL 33781

Signing Officer

Name
Lisa M Davis Phd
Title
President/CEO
Phone
7275215200
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa M Davis Phd
Formed
1970
Legal Domicile
Fl
Voting Board Members
13
Independent Board Members
13
Employees
204
Volunteers
75

Preparer

Firm
Gunnchamberlain Pl
Address
4350 PABLO PROFESSIONAL CT STE 200, JACKSONVILLE, FL 32224-3224
Preparer
Sonny F Martin
Phone
9042962024
Supplemental Narrative

Additional Explanations

Form 990, Part III

Family counseling: parents and youth ages 6-17 can receive counseling services designed to improve relationships so that they are more confident and satisfied with their lives. Family counselors are licensed or master level clinicians to ensure that individuals and families are receiving the highest quality of service. Counseling services are confidential and are provided in a welcoming office environment. The immediate goal of family crisis intervention is to address the issues that have precipitated the crisis. The family counselor works with the family to identify possible resolutions to the problem and reduce the degree of stress between family members. Safeplace - where kids get help - fast: safeplace is a runaway prevention, outreach, and education program that provides immediate help to youth in crisis. The purpose is to provide young people with emergency access to intervention and prevention services. Whether youth have run away from home, are at risk of abuse or neglect, or are in need of respite from out-of-control family relationships, they can request assistance and be served at any of over 250 safeplace sites in both pinellas and manatee counties. Youth presenting themselves at a safe place location requesting assistance will be provided with transportation to a shelter if desired. If issues of abuse or neglect are present, a referral to the florida department of children and families will be made. For shelter services, youth will be screened for shelter eligibility and generally will be admitted to a shelter if they are not currently adjudicated as delinquent with the department of juvenile justice. Safeplace2b: our short-term youth shelters are open to troubled or at-risk youth between the ages of 10 and 17. They include youth who have family problems and conflict, who have run away from home or are homeless, who are having school related problems, experiencing truancy or any youth who is in crisis for any reason and needs respite care. Length of respite care is determined on a client-by-client basis. To ensure the safety of youth and staff, youth who are combative, intoxicated, suicidal or show signs of more serious mental health problems are referred for more appropriate services. While in the residence, youth are provided with individual and group counseling, life-skills education, and recreational activities. Family counseling is available while a youth is in safeplace2b and can be continued through the family counseling office after leaving the residence. Street outreach: our street outreach team proactively engages and establishes rapport through relationship building with runaway, homeless and street youth and their families. The program's ultimate goal is to prevent the sexual abuse or exploitation of young people living on the streets or in unstable housing. We provide support services, resources, and referrals; serving youth ages 16 up to 22. We provide this support to youth who are at risk of becoming homeless, or are currently homeless in the st. Petersburg area, and may be at the risk of physical and sexual exploitation, disease, untreated medical conditions, and malnutrition. They may be living on the streets or in temporary, unstable living situations. Youth contacted through the program will be provided survival aid in the form of food, water, clothing, and personal hygiene supplies. Laundry facilities are made available on a weekly basis to those in need. Counseling and information about safety, sexually transmitted diseases, and available resources will be provided as needed. Safeplace2btoo - young moms: this program is for homeless pregnant and parenting young women and their child(ren) who are unable to live with their families and for whom there are no other safe alternatives. Services include shelter, food, clothing, baby supplies, counseling, case management, parenting and life skills education, assistance with finding employment, recreational activities, and volunteer and community advoc

Form 990, Part IX, Line 11G

Professional fees 26,148 22,239 1,873 contracting services 1,871,031 11,457 460

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code (irc) and from state corporate income tax under applicable florida statutes. In addition, the organization qualifies for the charitable contribution deduction under irc section 170(b)(1)(a) and has been classified as an organization that is not a private foundation and has been designated a "publicly supported" organization. The organization follows the income tax standard for uncertain tax positions. The organization has evaluated its tax positions and determined it has no uncertain tax positions as of june 30, 2016. Should the organization's tax-exempt status be challenged in the future, the organization's 2013, 2014, and 2015 tax years are open for examination by the irs.

Schedule D, Page 4, Part XIII

Family resources, inc. Has been the recipient of community development block grant funds through several different grants for the purpose of acquiring land and constructing facilities for use in the programs of the organization. Under two of the grants, the organization signed loan agreements in which the grantor holds a first mortgage on the building. The loan agreements do not require periodic payments of principal and interest, but stipulate that if the organization operates the facility for the intended program purposes, the loan amounts and accrued interest will be forgiven on january 1, 2022. Since the organization must operate the building for a specified purpose for a stated period of time, the grant funds are recorded as temporarily restricted net assets and will be released into unrestricted net assets in total on january 1, 2022. Under several other grants, family resources, inc. Signed land use agreements or contracts requiring the facilities to be used for the intended program purpose for periods ranging from 10 to 18 years. If the facilities are not used for the intended program purpose for the required period, the grant funds will be required to be repaid to the grantor using formulas set forth in the land use agreements or contracts. Since the organization must operate the facilities for a specified purpose for a stated period of time, the grant funds are recorded as temporarily restricted net assets and amortized into unrestricted net assets over their respective contract years. During fiscal 2009, the organization jointly entered into a contract with the city of st. Petersburg and boley centers, inc. (boley), whereby boley received funding under the neighborhood stabilization program (nsp) to oversee the construction of fountain view apartments (fountain). During 2013, fountain construction was completed and the property was transferred to the organization. Upon transfer, the organization executed a mortgage and zero-percent interest promissory note with the city of st. Petersburg (city) in which the city holds a first mortgage on the building. The promissory note defers payment of principal and interest through june 30, 2043, but stipulates that if family resources, inc. Operates the facility for the intended program purposes, the promissory note will be forgiven on june 30, 2043. Since the organization must operate the building for a specified purpose for a stated period of time, the grant funds are recorded as temporarily restricted net assets and will be released into unrestricted net assets in total on june 20, 2043. During the year ended june 30, 2015, the organization transferred its rights in the fountain property to boley. Concurrent with this transfer the organization recorded a distribution of the net capital assets through temporarily restricted net assets of approximately 841,000.

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IRS990/Form990PartVIISectionAGrp/PersonNm1DAGMAR DE STEFANO
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IRS990/Form990PartVIISectionAGrp/PersonNm3THE HONORABLE DAVID A DEMERS
IRS990/Form990PartVIISectionAGrp/PersonNm4DOROTHY B GARDNER
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CO-CHAIR, FI
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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IRS990/OtherExpensesGrp/FundraisingAmt1384
IRS990/OtherExpensesGrp/FundraisingAmt2889
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IRS990/OtherExpensesGrp/ProgramServicesAmt269156
IRS990/OtherExpensesGrp/ProgramServicesAmt345737
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IRS990/OtherExpensesGrp/TotalAmt181006
IRS990/OtherExpensesGrp/TotalAmt270045
IRS990/OtherExpensesGrp/TotalAmt352410
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07599
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12540
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IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01777206
IRS990/ProgSrvcAccomActy3Grp/Desc0CHILD CARE FOOD PROGRAM - PROVIDES FINANCIAL SUPPORT TO LICENSED FAMILY CHILD CARE PROVIDERS BY REIMBURSING THEM FOR SERVING NUTRITIOUS MEALS AND SNACKS TO CHILDREN IN THEIR CARE.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$1.38$10.5$10.6$8.75$1.86
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.87$1.77$7.10$8.27$7.85$0.41
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.03$2.26$6.77$9.31$8.27$1.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.89$3.18$5.71$8.27$8.34$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.71$1.91$5.80$8.70$8.59$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.74$2.03$5.71$9.18$8.84$0.34
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.40$2.04$5.36$9.46$9.09$0.37
2016Detailed filing. Detailed filing data is available for this year.$7.18$2.18$4.99$7.52$7.44$0.07
2014Detailed filing. Detailed filing data is available for this year.$8.08$2.46$5.62$6.42$6.37$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.23$2.65$5.58$6.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.52$2.79$4.73$6.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.59$3.15$5.44$7.77
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.88$3.17$5.70$7.59