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Filing year 2024

FAMILY PROMISE INC

Summit, New Jersey·EIN 52-1591461·NTEE L41I · Housing & Shelter·501(c)(3)

FAMILY PROMISE INC's highest-paid officer, the Chief Executive Officer, was reported at $262,957 for 2024 (IRS Form 990), including base pay and other compensation. Reported CEO pay ranged from $194,816 to $262,957 between 2023 and 2024.

Total revenue
$9.3M
Total assets
$12.2M
Total expenses
$7.5M
Reported officers
27
Mission

FAMILY PROMISE'S MISSION IS TO PREVENT AND END HOMELESSNESS FOR FAMILIES WITH CHILDREN AND HELP THEM ACHIEVE SUSTAINABLE INDEPENDENCE USING A COMMUNITY-BASED RESPONSE. FAMILY PROMISE IS THE NATIONAL LEADER OF EMERGENCY SERVICES FOR FAMILIES AT RISK OF AND EXPERIENCING HOMELESSNESS AND OFFERS A COMPREHENSIVE, INDIVIDUALIZED AND TRAUMA-INFORMED APPROACH. OFFERING PREVENTION, SHELTER, STABILIZATION AND HOUSING, EACH PROGRAM ASCRIBES TO NATIONAL BEST PRACTICES YET IS CUSTOMIZED TO THE NEEDS OF THE COMMUNITY. FAMILY PROMISE WORKS TO PREVENT HOMELESSNESS AND IS OFTEN THE ONLY SHELTER SOLUTION IN COMMUNITIES THAT WILL KEEP FAMILIES IN CRISIS TOGETHER. FAMILY PROMISE'S WRAPAROUND SERVICES HELP FAMILIES QUICKLY STABILIZE AND SECURE LONG-TERM, AFFORDABLE, SAFE HOUSING. THE NATIONAL OFFICE PROVIDES TECHNICAL ASSISTANCE AND EXPERTISE TO A NETWORK OF NEARLY 200 AFFILIATES IN OVER 40 STATES, MOBILIZING THOUSANDS OF VOLUNTEERS AND SERVING APPROX. 72,000 FAMILIES INCLUDING 110,000 CHILDREN EACH YEAR.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations nationwide.

Chief Executive Officer
Above 90th percentilevs Housing & Shelter peers in New Jersey
$263k
Base
$248k
Bonus
—
Other
—
Benefits
$3k
Chief Development Officer
75th to 90th percentile
$173k
Base
$151k
Bonus
—
Other
—
Benefits
$13k
Chief Financial Officer
Above 90th percentilevs Housing & Shelter peers in New Jersey
$164k
Base
$145k
Bonus
—
Other
—
Benefits
$10k
Chief Network Officer
Officer (Unspecified)
$162k
Base
$152k
Bonus
—
Other
—
Benefits
$1k
Chief Operating Officer
75th to 90th percentile
$145k
Senior Director of Communications & Annual Fund
75th to 90th percentile
$126k
Senior Director of Program Development
Median to 75th percentile
$116k
Director of Corporate Relations
Highest Compensated Employee
25th percentile to median
$113k

Plus 19 unpaid individuals.

Browse compensation in Housing & Shelter →

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at FAMILY PROMISE INC equaled 3% of the organization's total expenses. The median for housing & shelter organizations is 7%.

This organization (2024)
3%
Sector median
7%
Middle half of sector
3% to 16%

Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 35%
from 2023

From $195k in 2023 to $263k in 2024.

$195k
2023
$263k
2024
Pay for the position

Chief Executive Officer pay rose 35% from 2023 to 2024, while revenue rose 41%.

$195k in 2023 to $263k in 2024.
  • Chief Development Officer pay rose 183% from 2023 to 2024.
  • Chief Financial Officer pay rose 262% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about FAMILY PROMISE INC

What does the Chief Executive Officer of FAMILY PROMISE INC earn?

In 2024, the Chief Executive Officer of FAMILY PROMISE INC received $262,957 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Housing & Shelter organizations in New Jersey: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FAMILY PROMISE INC compare with similar nonprofits?

Compared with the same role at Housing & Shelter organizations in New Jersey, the 2024 pay of the Chief Executive Officer at FAMILY PROMISE INC falls in the top 10%. In 2024, the highest total compensation at FAMILY PROMISE INC equaled 3% of the organization's total expenses. The median for housing & shelter organizations is 7%.

What are FAMILY PROMISE INC's revenue and expenses?

In 2024, FAMILY PROMISE INC reported $9.3M in total revenue and $7.5M in total expenses on its IRS Form 990.

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