Civic Intelligence

Midland Fair Havens Inc.

990 • Fiscal year 2023 • EIN 75-2627746

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

2400 Whitmire Blvd 100Midland, TX 79705

(432) 689-3411

Siviq Scores

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

Liabilities / Assets

35th percentile

0.02x

Higher debt load relative to assets than 35% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

41st percentile

0.05x

Higher debt load relative to revenue than 41% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

46th percentile

2.5%

Higher net margin than 46% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

81st percentile

$142,777

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

52nd percentile

5.1%

Faster asset growth than 52% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

35th percentile

-1.6%

Faster revenue growth than 35% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$3,701,276

Up $180,914 (+5.1%) from 2022

Net Assets

Up

$3,638,913

Up $136,935 (+3.9%) from 2022

Liabilities

Up

$62,363

Up $43,979 (+239%) from 2022

Revenue

Down

$1,350,019

Down $21,521 (-1.6%) from 2022

Expenses

Up

$1,316,594

Up $8,945 (+0.7%) from 2022

Net Income

Down

$33,425

Down $30,466 (-48%) from 2022

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,337,415Liabilities 2010: $15,302Net Assets 2010: $3,322,1132010Assets 2011: $3,310,168Liabilities 2011: $13,988Net Assets 2011: $3,296,1802011Assets 2012: $3,194,542Liabilities 2012: $28,389Net Assets 2012: $3,166,1532012Assets 2013: $3,109,477Liabilities 2013: $23,044Net Assets 2013: $3,086,4332013Assets 2014: $3,214,558Liabilities 2014: $17,645Net Assets 2014: $3,196,9132014Assets 2015: $3,137,405Liabilities 2015: $31,988Net Assets 2015: $3,105,4172015Assets 2016: $3,298,063Liabilities 2016: $55,465Net Assets 2016: $3,242,5982016Assets 2017: $3,346,576Liabilities 2017: $46,886Net Assets 2017: $3,299,6902017Assets 2018: $3,273,432Liabilities 2018: $12,007Net Assets 2018: $3,261,4252018Assets 2019: $3,378,213Liabilities 2019: $37,831Net Assets 2019: $3,340,3822019Assets 2020: $3,624,668Liabilities 2020: $165,984Net Assets 2020: $3,458,6842020Assets 2021: $3,526,365Liabilities 2021: $61,664Net Assets 2021: $3,464,7012021Assets 2022: $3,520,362Liabilities 2022: $18,384Net Assets 2022: $3,501,9782022Assets 2023: $3,701,276Liabilities 2023: $62,363Net Assets 2023: $3,638,9132023Assets 2024: $3,453,144Liabilities 2024: $48,567Net Assets 2024: $3,404,5772024

Highlighted filing

2023

Assets$3,701,276
Liabilities$62,363
Net Assets$3,638,913

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $744,2972010Expenses 2011: $823,5702011Expenses 2012: $874,3942012Revenue 2013: $768,445Expenses 2013: $848,165Net Income 2013: -$79,7202013Revenue 2014: $1,010,353Expenses 2014: $899,873Net Income 2014: $110,4802014Revenue 2015: $850,994Expenses 2015: $942,490Net Income 2015: -$91,4962015Revenue 2016: $1,108,688Expenses 2016: $971,507Net Income 2016: $137,1812016Revenue 2017: $1,029,257Expenses 2017: $972,165Net Income 2017: $57,0922017Revenue 2018: $976,506Expenses 2018: $1,014,771Net Income 2018: -$38,2652018Revenue 2019: $1,184,082Expenses 2019: $1,105,125Net Income 2019: $78,9572019Revenue 2020: $1,351,258Expenses 2020: $1,232,956Net Income 2020: $118,3022020Revenue 2021: $1,353,385Expenses 2021: $1,347,368Net Income 2021: $6,0172021Revenue 2022: $1,371,540Expenses 2022: $1,307,649Net Income 2022: $63,8912022Revenue 2023: $1,350,019Expenses 2023: $1,316,594Net Income 2023: $33,4252023Revenue 2024: $1,202,969Expenses 2024: $1,437,305Net Income 2024: -$234,3362024

Highlighted filing

2023

Revenue$1,350,019
Expenses$1,316,594
Net Income$33,425
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$1,566,536
Mission and Program Overview

Mission

Midland fair havens equips single mothers and their children for self-sufficient living by addressing thier educational, vocational, spiritual, and emotional needs in residential and non-residential settings.

Midland fair havens is a faith-based, non-profit organization that provides supportive services to determined single mothers and their children, so that they may become healthy, self-sufficient families. These include secure housing, vocational and life skills education, case management, and basic needs assistance.midland fair havens services women with children who are homeless or who are in danger of becoming homeless. Even though they are coming from different types of backgrounds and situations, all of these mothers are highly motivated to make the necessary lifestyle changes that will lead to a stable home life. They leave unhealthy relationships and environments to further their education, learn crucial life skills and strengthen themselves emotionally and spiritually so that they can build a brighter future for their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,810,099$1,680,771▼ $129,328
Savings and Temporary Cash Investments$1,360,000$1,597,375▲ $237,375
Cash and Non-Interest-Bearing Accounts$279,435$311,229▲ $31,794
Prepaid Expenses and Deferred Charges$22,828$83,896▲ $61,068
Pledges and Grants Receivable$48,000$28,005▼ $19,995
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,520,362$3,701,276▲ $180,914
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$18,384$62,363▲ $43,979
Total Liabilities$18,384$62,363▲ $43,979
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,443,064$3,558,863▲ $115,799
Net Assets With Donor Restrictions$58,914$80,050▲ $21,136
Total Net Assets Fund Balance$3,501,978$3,638,913▲ $136,935
Total Liabilities and Net Assets / Fund Balance$3,520,362$3,701,276▲ $180,914

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,432,963$1,878,668$3,311,631
Other Land Buildings$169,916$456,470$626,386
Land$70,660-$70,660
Equipment$7,232$43,637$50,869
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Diann Koehl WhighamExecutive DirectorFT$142,777$142,777
Amanda SirutaFinance DirectorFT$87,335$87,335

Board Members and Trustees

NameTitle
Ken BeattiePresident
Jamie StallingsVice President
Amy LeachDirector
David BledsoeDirector
Karen SparksDirector
Marc DinglerDirector
Callie FuquaSecretary
Danny CarriganTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$643,834
Program Service Revenue
$0
Investment Income
$39,960
Other Revenue
$666,225
All Other Contributions
$643,834
Change in Net Assets
$33,425

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,418,154
Revenue Not Reported on Financial Statements
$-68,135
Revenue Not Reported on Form 990
$-2,303
Other Revenue Adjustments
$-68,135
Total Revenue per Audited Statements
$1,415,851
Total Revenue per Form 990
$1,350,019
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$736,077
Other Expenses$580,517
Total Fundraising Expense$120,395
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$309,300$2,316$49,308$360,924
Current Officers, Directors, Trustees, and Key Employees$98,516$115,891$15,706$230,113
Depreciation Depletion$166,867$6,034$11,412$184,313
Occupancy$96,578$3,770$1,907$102,255
Other Employee Benefits$47,136$13,663$7,514$68,313
All Other Expenses$39,199$10,482$15,002$64,683
Payroll Taxes$30,794$8,926$4,909$44,629
Pension Plan Contributions$22,147$6,420$3,531$32,098
Other Expenses$6,072$11,635$9,164$26,871
Conferences and Meetings$7,561$14,330$67$21,958
Fees for Services Accounting-$21,007-$21,007
Insurance$10,497$9,192-$19,689
Office Expenses$10,631$1,958$1,498$14,087
Total Functional Expenses$969,915$226,284$120,395$1,316,594

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,382,426
Total Expenses per Form 990$1,316,594
Expenses per Audited Statements$1,314,291
Expenses Not Reported on Form 990$68,135
Expenses Not Reported on Financial Statements$2,303
Other Expense Adjustments$2,303
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$842,640
Fundraising Direct Expenses$216,517
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gingerbread Haven$842,640$842,640$216,517$626,123
Total Events$842,640$842,640$216,517$626,123
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Other officer compensation reviewed
No
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, Part VI, Section B, Line 11B

The 990 is reviewd by the the finance director who compares the 990 to the related, previously board approved audit. Then, the executive director and the board treasurer review the 990. Then, the finance committee reviews the 990. The 990 is then presented to the board for their approval.

Form 990, Part VI, Section B, Line 12C

All board members and staff complete a Conflict-of-Interest Disclosure Statement annually which is maintained on file at the Organization's office.

Form 990, Part VI, Section B, Line 15A

The board of directors use the most current salary survey from the local non-profit management center as well as other reliable sources of comparable data to determine that the executive directors salary is comparable, competitive and in range with other non-profit agencies.

Form 990, Part VI, Section C, Line 19

Our governing documents, polices and financial statements are not made available to the public.

Filing and Contact Details

Filer

Filer Name
Midland Fair Havens
EIN
75-2627746
Phone
4326893411
Address
2400 WHITMIRE BLVD 100, MIDLAND, TX 79705

Signing Officer

Name
Diann Koehl Whigham
Title
Executive Director
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diann Koehl Whigham
Formed
1997
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
15
Volunteers
450

Preparer

Firm
C Marc Martin CPA
Address
PO Box 1775, Midland, TX 79702
Preparer
C Marc Martin CPA
Phone
4326850094
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The organization adheres to accounting standards for uncertain income tax positions, which would require additional disclosure. This applies to positions taken or expected to be taken in a tax return. The organization does not believe its financial statements include any uncertain tax positions.

Part XII, Line 2D: Other expenses and losses per audited F/S

Fundraising expenses $68135

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

OTHER EXPENSE $2303

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IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt068313
IRS990/OtherExpensesGrp/Desc0RESIDENT SERVICES
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IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3EQUIPMENT MAINTENANCE
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IRS990/OtherExpensesGrp/TotalAmt229622
IRS990/OtherExpensesGrp/TotalAmt326871
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
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IRS990/PrincipalOfficerNm0DIANN KOEHL WHIGHAM
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE CHILDREN'S ENRICHMENT/FAMILY LIFE PROGRAM OFFERS JUNIOR LIFE SKILLS, TUTORING AND ENRICHMENT OPPORTUNITIES TO THE NEXT GENERATION TO IMPROVE THEIR OPPORTUNITIES FOR SUCCESS AND A BRIGHTER FUTURE.
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE NON-RESIDENTIAL PROGRAM OFFERS BASIC NEEDS ASSISTANCE, A HOMELESSNESS PREVENTION PROGRAM HELPING FAMILIES WITH RENT OR UTILITIES ASSISTANCE TO PREVENT EVICTION OR TERMINATION OF SERVICES, ALONG WITH INFORMATION AND REFERRAL.
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IRS990ScheduleA/TotalSupportAmt04035391
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01878668
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03311631
IRS990ScheduleD/EquipmentGrp/BookValueAmt07232
IRS990ScheduleD/EquipmentGrp/DepreciationAmt043637
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt050869
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02303
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0169916
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0456470

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.45$0.05$3.40$1.20$1.44$0.23
2023Detailed filing. Detailed filing data is available for this year.$3.70$0.06$3.64$1.35$1.32$0.03
2022Detailed filing. Detailed filing data is available for this year.$3.52$0.02$3.50$1.37$1.31$0.06
2021Detailed filing. Detailed filing data is available for this year.$3.53$0.06$3.46$1.35$1.35$0.01
2020Detailed filing. Detailed filing data is available for this year.$3.62$0.17$3.46$1.35$1.23$0.12
2019Detailed filing. Detailed filing data is available for this year.$3.38$0.04$3.34$1.18$1.11$0.08
2018Detailed filing. Detailed filing data is available for this year.$3.27$0.01$3.26$0.98$1.01$0.04
2017Detailed filing. Detailed filing data is available for this year.$3.35$0.05$3.30$1.03$0.97$0.06
2016Detailed filing. Detailed filing data is available for this year.$3.30$0.06$3.24$1.11$0.97$0.14
2015Detailed filing. Detailed filing data is available for this year.$3.14$0.03$3.11$0.85$0.94$0.09
2014Detailed filing. Detailed filing data is available for this year.$3.21$0.02$3.20$1.01$0.90$0.11
2013Detailed filing. Detailed filing data is available for this year.$3.11$0.02$3.09$0.77$0.85$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.19$0.03$3.17$0.87
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.31$0.01$3.30$0.82
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.34$0.02$3.32$0.74