Better Business Bureau Report for
Faith Community Homes

Better Business Bureau Report issued August 2012
Better Business Bureau Report expires August 2014


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Faith Community Homes
Address: 302 N. Dunton Ave.
  Arlington Heights, IL 60004
Phone: 847-342-0846
Web Address: www.fchomes.org
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Better Business Bureau Comments

Year, State Incorporated: 2003, Illinois
Affiliates: None
Stated Purpose: The mission of Faith Community Homes is to reach out to low income, employed or employable families with children living or working in Arlington Heights and to assist them in securing attainable rental housing and to provide appropriate support services, especially mentoring, as they move toward greater financial stability and independence. Furthermore, the mission is to educate the community about the need for affordable housing and to advocate for the inclusion of affordable housing in the community.

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Evaluation Conclusions

              

Faith Community Homes does not meet the following 5 Standards for Charity Accountability.

Standard 1: Oversight of Operations and Staff - Organizations shall have a board of directors that provides adequate oversight of the charity's operations and its staff. Indication of adequate oversight includes, but is not limited to, regularly scheduled appraisals of the CEO's performance, evidence of disbursement controls such as board approval of the budget, fund raising practices, establishment of a conflict of interest policy, and establishment of accounting procedures sufficient to safeguard charity finances.

Faith Community Homes does not meet this Standard because its board of directors does not:

  • Review the performance of the chief executive officer at least once every two years.

Standard 6: Board Policy on Effectiveness - Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.

Faith Community Homes does not meet this Standard because:

  • The board of directors does not have a written policy stating that, at least every two years, an appraisal be done assessing the organization’s performance and effectiveness and determining future actions required to achieve its mission.

Standard 7: Board Approval of Written Report on Effectiveness - Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.

Faith Community Homes does not meet this Standard because:

  • It has never completed an effectiveness assessment.

Standard 8: Program Service Expense Ratio - Spend at least 65% of its total expenses on program activities.

Faith Community Homes does not meet this Standard because:

  • According to the its audited financial statements for the fiscal year ended June 30, 2011, the organization spent $119,135 or 63% of its total expenses ($189,023) on program service activities.

Standard 16: Annual Report - Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.

Faith Community Homes does not meet this standard because the most recent annual report did not include:

  • The organization’s mission statement
  • Total end of year net assets.
In addition, the BBB of Chicago & Northern Illinois requested but did not receive complete information on the organization’s solicitation materials and is unable to verify the organization's compliance with the following Standard for Charity Accountability: 15.
Faith Community Homes meets the remaining 14 Standards for Charity Accountability.
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Programs

              

They provide 2 years of financial assistance and mentoring to help low income families in Arlington Heights gain independence and self-sufficiency.

For the fiscal year ended June 30, 2011, Faith Community Homes's program expenses were:

  
Rental and Family Assistance 65,317
In Kind Expenses 39,235
Salaries 14,583
Total Program Expenses: $119,135
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Governance

              

Chief Executive : Charles Warner, Executive Director
Compensation*: 
$28,000

Chair of the Board: James Mayer
Chair's Profession / Business Affiliation: Kohler Company, leads some of their national account business

Board Size: 15

Paid Staff Size: 2

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals, internet
Fund raising costs were 8% of related contributions. (Related contributions, which totaled $139,558, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Faith Community Homes's audited financial statements for the fiscal year ended June 30, 2011.

Source of Funds  
Donations Recieved 69,373
In Kind Revenue 54,685
Participating Churches 29,149
Rent from Families 17,896
Grant Income 15,500
Interest Income 168
Total Income $186,771


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Uses of Funds as a % of Total Expenses

Programs: 63%  Fund Raising: 6%  Administrative: 31% 

Total income $186,771
Program expenses $119,135
Fund raising expenses 10,862
Administrative expenses 59,026
Total expenses $189,023
Expenses in Excess of Income (2,252)
Beginning net assets 96,659
Ending net assets 94,407
Total liabilities
Total assets $94,407


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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