Famicos Foundation Inc.

“Joseph h. Weiss, jr. John j. Weiss trustee secretary family”

“The finance committee and the consultant controller of famicos review the annual return before it is filed.”

“The executive committee performs an annual review of the executive director and determines the position's compensation.”

“Appropriate information is made available to the public upon request.”

“Famicos foundation organizational narrative famicos foundation is one of cleveland's oldest community development corporations (cdc), founded in 1969 by sister henrietta gorres, csa shortly after the hough riots and incorporated in 1970. Famicos foundation has been serving residents of cuyahoga county for the past 53 years, especially cleveland's glenville, hough, and st clair - superior neighborhoods. The name famicos comes from "families in cooperation", as sr. Henrietta believed that lasting neighborhood change could only come from the resident families working together toward change. Famicos has a staff of 54 employees working across nine departments and four lines of business. With a mission of improving the quality of life in greater cleveland through neighborhood revitalization, affordable housing and integrated social services, we pride ourselves in developing affordable housing, especially the preservation of historic properties. In 2014 following the redrawing of city of cleveland ward boundaries and the demise of sister cdc, glenville development corporation that was serving glenville, famicos foundation took the lead on serving the glenville neighborhood. In that same year, famicos foundation became a charter member of neighborworks america, a network of excellence in neighborhood revitalization, with 250 chartered members across the us. Famicos foundation has also been the "community quarterback" of the glenville purpose built communities program over the past 5 years. Purpose built communities (pbc) is a non-profit consulting organization that uses a model of affordable housing and health & wellness programs focused around an elementary school to transform the neighborhood. The school becomes the best school for parents to send their children, which makes the neighborhood a choice place to live and raise a family. Famicos is collaborating with the cleveland metropolitan school district (cmsd), cleveland foundation and a host of other stake holders in the implementation of pbc model in glenville, which is one of two sites in cleveland. Mary bethune k-12 elementary school is the epicenter of pbc activities with the goal of transforming it from its current status as a c school to an a school. Famicos foundation is a state, county and city chdo and serves five counties in the cleveland area: cuyahoga, lake, geauga, portage, and medina counties. In 2006, we developed a 106 affordable unit project in medina county in partnership with millennia housing management group of companies. In 2017, famicos and millennia in partnership acquired a 348-unit apartment community in portage county, which has 233 affordable units. As such, famicos foundation's board of directors (13 active members) are chosen from these four counties with the majority from cuyahoga county, mainly the city of cleveland. Famicos foundation owns and / or manages 21 partnerships or 850 units of affordable and mixed-income housing for families, seniors and formerly chronically homeless individuals. Famicos signature market rate homes are located on e. 105th street within a development called heritage lane. Heritage lane consists of thirteen historic former duplexes converted to single units and selling at 300,000 and above. All thirteen units are sold to owner occupants. In 2013, famicos completed the doan classroom apartments (13 million) and the university towers apartments (27 million). In 2016, famicos completed a substantial renovation of notre dame apartments (10.6 million) using the 9% lihtc funding program. In 2018, famicos renovated the medical arts building on e 105 st to become a mixed-use building with 12 living units above a commercial space. In 2021, famicos completed the construction and lease up of 30 single family scattered site housing units using the 9% lihtc funding in a project called circle north homes. In addition to its property management and real estate lines of business, famicos foundation has two additional lines of business: c”