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Famicos Foundation

Famicos Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 341053534 ✦ Cleveland, OH ✦ Designated as a 501(c)(3)

Overview

What is Famicos Foundation?

The Famicos Foundation, established in 1969 in Cleveland, Ohio, is a community development corporation with a mission to enhance the quality of life in greater Cleveland. With a team of 54 employees, the foundation focuses on neighborhood revitalization, affordable housing, and integrated social services. One of its significant achievements is developing and preserving historic properties as affordable housing, including the construction of 106 units in Medina County and 348 units in Portage County. Famicos Foundation also offers property management, community building, and engagement activities, such as financial literacy classes, tax assistance, and legal aid services. During the COVID-19 pandemic, the organization continued its efforts to support vulnerable populations and even facilitated vaccine appointments and clinics for eligible residents. The foundation's work in Glenville, Ohio, has been instrumental in revitalizing the community and improving living conditions for its residents.


Official website here: www.famicos.org

Is Famicos Foundation legitimate?

Famicos Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Famicos Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,520,261

For more financial information, click here


Official website here: www.famicos.org

What is the mission statement of Famicos Foundation?

The Famicos Foundation's mission is centered around improving the quality of life in various communities. This is achieved through neighborhood revitalization, affordable housing, and integrated social services. The organization's activities primarily focus on developing affordable housing, especially the preservation of historic properties, and offering social services to support individuals and families in need. The foundation takes a collaborative approach, working with various stakeholders to implement programs aimed at enhancing community living and wellbeing. For instance, they have been instrumental in transforming neglected neighborhoods using a model that integrates affordable housing and health and wellness programs. The foundation also provides resources to assist low-income families, helping them transition from renters to homeowners and offering financial literacy tools.


Official website here: www.famicos.org

Who is the CEO of Famicos Foundation?

John Anoliefo is the Trustee of Famicos Foundation.


Official website here: www.famicos.org

What is the revenue of Famicos Foundation?

Famicos Foundation's revenue in 2022 was $8,009,815.


Official website here: www.famicos.org

Who are the executives of Famicos Foundation and what are their salaries?

The average compensation at Famicos Foundation during 2022 was $48,893. There are 72 employees and 100 volunteers at Famicos Foundation.

Here are 15 key members and their salaries:

    John Anoliefo (Executive Di)
  • Compensation: $161,992
  • Related: $0
  • Other: $36,476

    • Brian Blasinsky (Cfo)
  • Compensation: $112,412
  • Related: $0
  • Other: $20,904

    • Joseph H Weiss Jr (Trustee)
  • Compensation: $12,000
  • Related: $0
  • Other: $0

    • Sr Carol Brandt (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christian E Carson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Hall (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Theresa Sutton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Randa Jackson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Keshia Johnson Chambers (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christian Moratschek (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Geoffrey Ledwidge (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ryan Siebel (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laura Junglas (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John J Weiss (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Lee (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.famicos.org

    Where can I find the form 990 for Famicos Foundation?

    The Famicos Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.famicos.org

    Learn more at the official website: www.famicos.org

    Mission Statement of Famicos Foundation

    The Famicos Foundation, established in 1969, is a community development corporation with a mission to enhance the quality of life in various communities. With a strong belief in neighborhood change coming from the cooperation of local families, the organization's name, "Families in Cooperation," reflects this philosophy. Over the past 53 years, Famicos Foundation has served residents in Cleveland, particularly in the Glenville, Hough, and St. Clair-Superior neighborhoods, with a focus on neighborhood revitalization, affordable housing, and integrated social services.

    The mission of Famicos Foundation is to improve the overall living conditions in the communities it serves. Through their efforts, they develop affordable housing, preserving historic properties in the process. In 2014, following changes in ward boundaries and the demise of a local CDC, Famicos Foundation took the lead in serving the Glenville neighborhood. They are also a charter member of NeighborWorks America, a network dedicated to neighborhood revitalization, and have played a significant role in the Glenville Purpose Built Communities program for the past five years. The organization collaborates with various stakeholders, including the Cleveland Metropolitan School District, to implement the Purpose Built Communities model, aiming to transform neighborhoods around an elementary school, making them desirable places to live and raise families.

    Impact

    This information is meant to be a general summary of Famicos Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Famicos Foundation's impact is significant and far-reaching in the Greater Cleveland area. By focusing on neighborhood revitalization, affordable housing, and integrated social services, Famicos has been a key player in improving the quality of life for residents of Cuyahoga County for over 50 years. Through various initiatives and partnerships, Famicos has developed and managed hundreds of units of affordable and mixed-income housing, providing stable and safe living environments for families, seniors, and formerly chronically homeless individuals.

    Additionally, Famicos has been actively involved in community building and engagement programs, offering financial literacy tools, tax preparation services, legal aid, and home repair assistance to low-income individuals and families. The foundation's efforts extend beyond housing to address social determinants of health, education, and employment, providing a holistic approach to improving the well-being of the community.

    Furthermore, Famicos has been a leader in youth development, working with organizations like MYCOM to provide resources and opportunities for young people in the area. By prioritizing youth employment and engagement, Famicos is investing in the future of the community and helping young individuals navigate the transition to adulthood successfully.

    Overall, Famicos Foundation's impact can be seen in its comprehensive approach to addressing the needs of residents in Greater Cleveland, creating positive change and opportunities for individuals and families to thrive.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-1,742,856
  • Program Service Revenue: $1,987,970
  • Gross Receipts: $8,009,815

    • Assets and Liabilities:
  • Total Assets: $56,405,008
  • Total Liabilities: $21,536,974
  • Net Assets: $34,868,034
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MNGT & DEVELOPMENT FEES

    Revenue

    $1,649,639

    PROGRAM RENTAL

    Revenue

    $338,331

    Organization Details

    Founding Year

    1970

    Principal Officer

    John Anoliefo

    Main Address

    1325 ANSEL ROAD, CLEVELAND, OH, 441061079

    NTEE Category

    Code: L20Z - Housing

    If you are a representative of Famicos Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.