EIN 20-2036621

Saranam LLC

IRS 501(c) type
501(c)(3)
Num. employees
16
Year formed
2004
Most recent tax filings
2023-12-01
Description
Saranam LLC transforms the lives of homeless families by empowering them to end their homelessness and poverty through housing, education, and supportive communities. After 19 years in operation, Saranam has provided families with safe housing, practical life-skills instruction, a supportive community, and a pathway to self-sufficiency through education. Additionally, 77% of families have successfully exited the program.
Total revenues
$2,744,630
2023
Total expenses
$1,811,454
2023
Total assets
$9,703,172
2023
Num. employees
16
2023

Program areas at Saranam LLC

2023 accomplishments after 20 years in operation, Saranam has provided families with safe housing, practical life-skills instruction, a supportive community, and a pathway to self-sufficiency through education. With 77% of families successfully exiting the program into permanent, safe and stable living situations, Saranam is a sustainable solution to family homelessness. We have remained in contact with an incredible 76% of families who exited one year or more ago. Of those families, 86% who left the program successfully remain stable after a year. Saranam's approach to ending poverty and homelessness for families is an innovative two-generational strategy, where both parents and children receive services simultaneously and in sync. Our two-generational strategy is supported by a growing body of anti-poverty research that shows the effectiveness of making both parents and children change agents in working to get out of poverty. 2023 we were able to welcome 10 new families into and had 9/11 families successfully exit our program. Our alumni programming supported 22 indviduals in prosperity works's individual development accounts (savings targeted toward education, home buying, small business or vehicle purchase) program, supporting each person's savings with a 4:1 match we also contributed to 36 children's child savings accounts for their post-secondary education. Saranam continued raising funding for our capital campaign to build a second campus which will more than double the number of families we are able to serve each year. We continue to have construction delays due to labor and supply chain issues. These delays have also caused increased costs to 12.8 million. We plan to occupy the first phase of ten residential units in the early spring 2024. We purchased 3.5 acres to develop a second site which will include an additional 25-residential units, programming spaces, playgrounds, offices, donation center and gardens all designed to bring more families into self-sufficiency. 2023 outcomes since inception in 2004, Saranam has served 172 homeless families in albuquerque, including 197 adults and 363 children. Our program has demonstrated a 77% success rate of families exiting the program having met more than three of our measures of success. Our 77% success rate indicates that when families exit, they are able to support themselves, including paying for housing, supplies, utilities, etc., on their own income. The life skills we provide ensure that our families are able to maintain and sustain these outcomes. In 2023 we served 26 families with 29 adults and 52 children. 9/11 families successfully exited the program in 2023. We have remained in contact with an incredible 76% of families who exited one year or more ago. Of those families, 86% who left the program successfully remain stable after a year. This year we continued our alumni component to our programming, enabling us to continue to support family stability through added community, asset building and educational activities. We had direct contact with 62 alumni families in 2023 with 72 individuals (12 are 2gen, they were children when at Saranam). We offered 22 individual savings accounts to alumni, and had 36 child savings accounts. Saranam's 3 steps to ending homelessness and poverty for families. 1.housing ends homelessness 2.education brings employment opportunities. 3.community builds connection. Number of families: 26 52 children, 29 adults 10 new families were brought into Saranam in 2023 unduplicated volunteers: 788 volunteer hours: 4773 in 2023 13 students enrolled in the following schools: central new mexico community college (cnm), university of new mexico (unm), southern new hampshire university (snhu), carrington college, and the avenue academy. Nine (9) adults enrolled in the following programs at cnm: associate degree programs in accounting, nursing, radiology technology, and culinary arts; certificate programs in phlebotomy, cosmetology, nursing assistant, and unmanned aircraft systems; and a pre-bachelor's degree program in sociology. Two adults were enrolled in unm's liberal arts and anthropology bachelor's degree programs. One adult was enrolled in snhu's sociology bachelor's degree program; one adult was enrolled in the avenue academy's cosmetology program; and one adult was enrolled in carrington college's practical nursing certificate program. Saranam families also earned educational credentials three adults earned their geds. Four students earned vocational certificates in the following fields: phlebotomy, nursing assistant, licensed practical nurse, and unmanned aircraft/remote pilot systems. Organizational capacity building as part of the process for validating our unique model, we have undergone substantial evaluation and updates to our internal systems. This year, with continued support from the carl c. anderson sr. and mary jo anderson charitable foundation, Saranam continued work with the unm evaluation lab. Our project ending in april 2023, we explored options for assessing long- term outcomes for Saranam families. The gold standard for assessing program outcomes is to conduct a randomized controlled trial (rct). Before designing an rct, a program should demonstrate a high rate of program completion and improved outcomes for participants relative to a well- designed control group. We measured program completion rates, which showed that 88% of families stayed with saranma for one semester or longer and 67% stayed with Saranam for 2 semesters or longer. We estimated long-term outcomes from Saranam's ongoing alumni survey. This showed families were better off three years after exiting Saranam than the control group (family options study). We also explored aps mckinney-vento as a source of data for long-term outcomes. We are hoping to continue to move toward the rct in the coming years to validate and replicate the Saranam model. In the fall of 2023, with the unm evaluation lab, we began the 2023-24 project: building the tools and theoretical framework for Saranam to asses the effectiveness of the program and identify the most appropriate study design for us to use in the future to obtain external validation. Saranam's life changing impact is clear to see in the joy of our families developing self-sustaining lives. Where the benefit is also clear is in the economic impact. In a cost analysis study conducted in 2022 unm's school of public administration found that the estimated annual cost of a family experiencing homelessness to the city of albuquerque and affiliated organizations is 110,834. In 2023, Saranam served a whole family annually for 53,274. Last year Saranam served 26 families, which is a savings to our community of more than 1.3 million dollars.

Who funds Saranam LLC

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
JE and LE Mabee FoundationCommunity Outreach$2,200,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$393,310
Fidelity FoundationNew Construction$250,000
...and 15 more grants received

Personnel at Saranam LLC

NameTitleCompensation
Tracy WeaverExecutive Director$138,758
Barbara OudetSecretary$0
Ken BreinholtTreasurer$0
Mary Ellen CoonVice Chair$0
Christine LongChair$0
...and 3 more key personnel

Financials for Saranam LLC

RevenuesFYE 12/2023
Total grants, contributions, etc.$2,733,427
Program services$0
Investment income and dividends$11,203
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,744,630

Form 990s for Saranam LLC

Fiscal year endingDate received by IRSFormPDF link
2023-122024-06-18990View PDF
2022-122023-07-03990View PDF
2021-122022-06-19990View PDF
2020-122021-09-09990View PDF
2019-122020-12-01990View PDF
...and 11 more Form 990s

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Data update history
August 4, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 1, 2024
Updated personnel
Identified 4 new personnel
July 12, 2024
Received grants
Identified 4 new grant, including a grant for $2,200,000 from JE and LE Mabee Foundation
May 18, 2024
Received grants
Identified 7 new grant, including a grant for $250,000 from Fidelity Foundation
October 21, 2023
Received grants
Identified 1 new grant, including a grant for $75,000 from Illinois No 3 Foundation
Nonprofit Types
Housing and shelter organizationsCharities
Issues
Human servicesHousingHomelessness
Characteristics
State / local levelReceives government fundingCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
1028 Eubank Blvd Ne Suite F
Albuquerque, NM 87112
Metro area
Albuquerque, NM
County
Bernalillo County, NM
Website URL
saranamabq.org/ 
Phone
(505) 299-6154
IRS details
EIN
20-2036621
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2004
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L41: Homeless, Temporary Shelter
NAICS code, primary
62422: Community Housing Services
Parent/child status
Independent
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