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Famicos Foundation, Inc.

Famicos Foundation, Inc.

Cleveland, OH 44106
Tax ID34-1053534

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About this organization

Revenue

$4,403,006

Expenses

$5,580,818

Website

famicos.org

Mission

The mission of Famicos Foundation is to "enhance quality of life in Cuyahoga County through neighborhood revitalization, affordable housing and integrated social services."

About

FAMICOS FOUNDATION IS ONE OF CLEVELAND'S OLDEST COMMUNITY DEVELOPMENT CORPORATIONS (CDC), FOUNDED IN 1969 BY SISTER HENRIETTA GORRES, SND SHORTLY AFTER THE HOUGH RIOTS AND INCORPORATED IN 1970. FAMICOS FOUNDATION IS CELEBRATING 48 YEARS OF EXISTENCE SERVING RESIDENTS OF CUYAHOGA COUNTY, ESPECIALLY CLEVELAND'S HOUGH AND GLENVILLE NEIGHBORHOODS. THE NAME FAMICOS COMES FROM FAMILY COOPERATIVES OR FAMILY CO-OPTORS REPRESENTING THE FAMILIES THAT CAME TOGETHER TO HELP SR. HENRIETTA DISTRIBUTE FOOD, CLOTHING AND SHELTER TO RESIDENTS OF HOUGH AT INCEPTION. FAMICOS HAS A STAFF CAPACITY OF 47 FULL TIME EMPLOYEES WITH MULTIPLE COMPETENCIES. 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 OVER THE REIGN OF SERVING THE GLENVILLE NEIGHBORHOOD. IN THE SAME YEAR, FAMICOS FOUNDATION BECAME A CHARTER MEMBER OF NEIGHBORWORKS AMERICA, A NETWORK OF EXCELLENCE, WHICH MAKES ADDITIONAL RESOURCES AVAILABLE FOR THE WORK IN GLENVILLE AND BEYOND. FAMICOS FOUNDATION IS A STATE, COUNTY AND CITY CHDO AND SERVES FIVE COUNTIES IN THE CLEVELAND AREA; CUYAHOGA, LAKE, GEAUGA, PORTAGE, AND MEDINA COUNTIES, RESPECTIVELY. OUR BYLAWS HAVE BEEN AMENDED TO ALLOW BUSINESS IN THESE AREAS. 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 THAT HAS 233 AFFORDABLE UNITS. ATTEMPTS FOR OTHER VIABLE PROJECTS IN THE OTHER COUNTIES HAVE NOT YET MATERIALIZED. AS SUCH, FAMICOS FOUNDATION'S BOARD OF DIRECTORS (14 ACTIVE MEMBERS) ARE CHOSEN FROM THESE FOUR COUNTIES WITH THE MAJORITY FROM CUYAHOGA COUNTY, AND MAINLY CITY OF CLEVELAND. AS A KNOWN AFFORDABLE HOUSING DEVELOPER, FAMICOS FOUNDATION OWNS AND / OR MANAGES TWENTY TWO PARTNERSHIPS COMPRISING SEVEN HUNDRED UNITS OF AFFORDABLE HOUSING FOR FAMILIES, SENIORS AND FORMERLY CHRONICALLY HOMELESS INDIVIDUALS. AS A CONTRACT MANAGER, FAMICOS MANAGES ANOTHER TWO HUNDRED FORTY FIVE AFFORDABLE AND MARKET RATE UNITS THAT SHE DOES NOT OWN. IN 2016, FAMICOS ACQUIRED OWNERSHIP INTERESTS IN THREE PARTNERSHIPS IN THE CITY OF CLEVELAND TO INCREASE OWNERSHIP OF AFFORDABLE UNITS BY 126 UNITS. 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 300,000.00 AND ABOVE. ALL THIRTEEN UNITS ARE SOLD TO OWNER OCCUPANTS. FAMICOS MOST RECENT PROJECTS ARE THE DOAN CLASSROOM APARTMENTS (13 MILLION) AND THE UNIVERSITY TOWERS APARTMENTS (27, MILLION). IN 2016, FAMICOS COMPLETED A SUBSTANTIAL RENOVATION OF NOTRE DAME APARTMENTS USING THE 9% LIHTC FUNDING PROGRAM (PROJECT COSTS OF 10.6 MILLION). OTHER FAMICOS FOUNDATION PROGRAMS INCLUDE EMERGENCY HOME REPAIRS FOR SENIORS, WEATHERIZATION, HEAP, TRANSPORTATION FOR SENIORS LIVING IN FAMICOS PROPERTIES AND IN THE GLENVILLE NEIGHBORHOOD, COMPUTER TRAINING, GED, AFTER SCHOOL TUTORIAL AND MENTORING FOR THE YOUTH, EITC (THE MOST PRODUCTIVE SITE IN THE COUNTY FOUR YEARS IN A ROW), URBAN AGRICULTURE/GARDENING, RAIN BARREL, COMPOSTING, RECYCLING, COMMUNITY ENGAGEMENT, AND MORE. IN ORDER TO IMPROVE THE QUALITY OF LIFE FOR ITS RESIDENTS, FAMICOS FOUNDATION CREATED FAMICOS CARES LEGAL CLINIC IN PARTNERSHIP WITH A LOCAL ATTORNEY, MR. JAMES LEVIN. THE PROGRAM STRIVES TO ASSIST INDIVIDUALS WITH MINOR MISDEMEANOR OFFENSES THROUGH FREE EXPUNGEMENT SERVICES. AS OF DECEMBER 31, 2017, MORE THAN 200 RESIDENTS OF CUYAHOGA COUNTY HAVE RECEIVED ASSISTANCE AT NO COSTS TO THEM. THIS SERVICE ALLOWS INDIVIDUALS THE OPPORTUNITY TO APPLY FOR AND OBTAIN A JOB THAT MAKES IT POSSIBLE FOR THEM TO TAKE CARE OF THEMSELVES AND THEIR FAMILIES. FAMICOS FOUNDATION IS KNOWN FOR ITS ABILITY TO COMPLETE PROJECTS. AS A RESULT, FAMICOS IS AMONG THE ORIGINAL ELITE SIX CDCS TO RECEIVE CLEVELAND NEIGHBORHOOD PROGRESS LARGE GRANTS FOR THE SLL PROGRAM AND MAINTAINS THAT FUNDING EVERY YEAR. CURRENTLY FAMICOS IS AMONG NINE CDCS CURRENTLY RECEIVING OPERATING FUNDING FROM CLEVELAND NEIGHBORHOOD PROGRESS CNP) IN THE SECOND YEAR OF A THREE YEAR CYCLE. SINCE TAKING OVER THE ROLE AS THE CDC FOR GLENVILLE, FAMICOS FOUNDATION EMBARKED ON DEVELOPING A NEIGHBORHOOD REVITALIZATION PLAN, "MYGLENVILLE" WHICH WAS COMPLETED IN JANUARY 2017 AND ADOPTED BY THE PLANNING COMMISSION IN JULY OF 2017. DURING MAY 2017, THE MAYOR OF THE CITY OF CLEVELAND, FRANK G. JACKSON SELECTED GLENVILLE AS THE NEIGHBORHOOD TO LAUNCH THE MAYOR'S NEIGHBORHOOD TRANSFORMATION INITIATIVE TO LEVERAGE ON THE SUCCESS OF FAMICOS WORK IN GLENVILLE. THE MAYOR'S NEIGHBORHOOD TRANSFORMATIVE INITIATIVE IS DESIGNED TO HAVE CATALYTIC IMPACT IN FOUR NEIGHBORHOODS OF THE CITY OF WHICH GLENVILLE IS ONE OF THEM AND CONSISTS OF PUBLIC/PRIVATE PARTNERSHIP OF 25 MILLION FROM THE CITY AND 40 MILLION FROM THE CORPORATE COMMUNITY. THE DESIGNATED PROJECT, A 62 UNIT MIXED USE APARTMENT BUILDING IS SET TO BREAK GROUND JUNE 2018 WITH COMPLETION EXPECTED A YEAR LATER. ACROSS THE STREET FROM THE MIXED-USE APARTMENT BUILDING, THE VETERANS ADMINISTRATION AND THE CUYAHOGA COUNTY FISHER HOUSE FOUNDATION IS POISED TO DEVELOP TWO FISHER HOUSES FOR USE BY FAMILIES VISITING THEIR LOVED ONES RECEIVING MEDICAL ATTENTION AT THE LOUIS STOKES VETERAN'S ADMINISTRATION HOSPITAL, JUST TWO BLOCKS SOUTH. THESE TWO PROJECTS ARE IN ADDITION TO OTHER PROJECTS RECENTLY COMPLETED ON E. 105TH STREET SUCH AS THE MEDICAL ARTS BUILDING, NOW KNOWN AS THE MADISON, WHICH WAS A RENOVATION OF A TWELVE UNIT APARTMENT BUILDING AND FIRST FLOOR COMMERCIAL SPACE. BECAUSE OF THESE PROJECTS, RESIDENTS OF GLENVILLE ARE EXCITED AND BUSINESSES ARE LOOKING TO INVEST IN OUR NEIGHBORHOOD RESULTING IN MARKET APPRECIATION.

Interesting data from their 2019 990 filing

The non-profit's mission is outlined in the filing as being “To improve the quality of life in greater cleveland through neighborhood revitalization, affordable housing and integrated social services.”.

When outlining its responsibilities, they were referred to as: “To improve the quality of life in greater cleveland through neighborhood revitalization, affordable housing and integrated social services.”.

  • The state in which the non-profit operates has been officially reported as OH.
  • The filing reveals the non-profit's address in 2019 to be 1325 ANSEL ROAD, CLEVELAND, OH, 44106.
  • As per the non-profit's form for 2019, they have 60 employees on their payroll.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$1,177,812.
  • The CEO salary policy within the organization is subject to review and endorsement by an impartial party.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 13 independent voting members.
  • The organization was formed in 1970.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization pays $2,392,822 in salary, compensation, and benefits to its employees.
  • The organization pays $15,706 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization's financial statements were reviewed by an accountant.

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