Family Foreclosure FoundationResource Hub for Families
For grant officers, regulators, journalists, and donors who want to confirm FFF operates with discipline. Every governance + financial disclosure FFF maintains, with current status. Updated continuously as the organization matures.
FFF is a Delaware-incorporated nonprofit corporation that has filed for 501(c)(3) tax-exempt status with the IRS. The determination letter is pending standard processing. Once received, the determination is retroactive to the incorporation date — donations from incorporation forward become tax-deductible.
Delaware Division of Corporations · file # on record · provided to grant officers + bank partners on request.
Founding Board adopted bylaws specifying officer roles, board composition, voting procedures, indemnification, and amendment rules.
Federal Employer Identification Number on file. Provided in writing to donors, partners, and grant officers on request.
FFF has filed for 501(c)(3) tax-exempt status with the IRS · standard processing in progress · retroactive to incorporation upon receipt.
Maryland + Texas + Delaware registrations sequenced post-IRS-DL. Most states require state registration before public charitable solicitation.
Three founding co-directors with equal authority. No founder ranks above another. All three serve unpaid in Year One. Board independence will expand as additional directors are elected per IRS public-charity recommendations (target: 5–7 members, majority independent).
Three founding co-directors with backgrounds in banking and wealth management, community service, and technology. Leadership and governance details available to funders and partners on request.
Held April 30, 2026 · chaired by a co-founder. Minutes documented + filed.
Year 1 minimum: 4 meetings. Minutes recorded for every meeting. Action items tracked between meetings.
Target: 5–7 board members by end of Year 1 with majority independent (no founder/employee relationships). Search prioritizes domain expertise (banking · legal · housing policy · grantmaking).
Year One ED salary: $0. Founders donate time. Software developed for FFF: licensed royalty-free. No private inurement. No excessive compensation.
Adopted at first board meeting. Annual review by all directors. Disclosure form filed annually. See "Required Policies" below for full details.
100% of program funds flow to family service programs. Operations are minimized through nonprofit pricing tiers we actively pursue across every vendor. Banking is held at Harbor Bank of Maryland — a CDFI with a 50-year track record serving Maryland nonprofits.
Nonprofit business checking · CDFI status · serves community-development organizations across MD. Routing + account numbers off-file per security policy.
Zeffy (0% fees) · Stripe (2.9% + $0.30 · nonprofit discount queued) · PayPal Business · ACH/check/DAF. All settle to Harbor.
Year 1 ED salary: $0. Operations: minimum-viable infrastructure. 100% of program dollars: family services. Software: founder-donated royalty-free.
Detailed budget published once IRS DL is received. Available to grant officers + major donors on request now.
Free accounting software (nonprofit-friendly) · per-grant restricted-fund tracking · monthly reconciliation against Harbor statements.
Independent audit triggered by IRS Form 990 thresholds + state requirements. Year 1 typically below audit threshold; budgeted for Year 2+.
501(c)(3) best-practice + IRS-required policies, all adopted at the founding board meeting. Annually reviewed and updated.
| Policy | Status | Review Cycle |
|---|---|---|
| Conflict-of-Interest Policy | ✅ ADOPTED | Annual · all directors disclose |
| Whistleblower Policy | ✅ ADOPTED | Annual review · anonymous channel maintained |
| Document Retention Policy | ✅ ADOPTED | Annual · 7-year minimum on financials + family records |
| Privacy Policy (donor + family) | ✅ ADOPTED | Annual · published on website footer |
| Gift Acceptance Policy | ✅ ADOPTED | Annual · governs restricted/unrestricted gifts + non-cash gifts |
| Family Privacy + Sponsorship Consent | ✅ ADOPTED | Per-family · signed before any public visibility |
| Code of Ethics | ✅ ADOPTED | Annual · all board + staff acknowledge |
| Public Disclosure Policy | ✅ ADOPTED | 990s + IRS exemption application available on request per IRS rule |
Form 990 series filings and audited financials are the public-trust documents that allow donors, grant officers, regulators, and journalists to verify FFF operates with discipline.
Filed annually starting ~16 months after IRS Determination Letter. The form filed depends on FFF's revenue + asset thresholds. Will be published on this page upon filing.
Triggered by federal-grant thresholds (Single Audit · 2 CFR Part 200) or state requirements. Audit firm to be selected when threshold approached.
Per IRS rules, FFF will provide on written request: most-recent 3 years of Form 990 + its IRS exemption application + IRS Determination Letter. Free copies via email or mail.
Bronze → Silver → Gold profile progression as 990s + impact metrics + financials are published. Target Bronze by Year 1 close.
Eligible after 7 years of Form 990 filings. Long-term governance + financial-discipline target.
Articles of Incorporation · Bylaws · IRS exemption application · COI policy · whistleblower policy · leadership bios · current operating budget · or anything else for grant due-diligence — email us and we respond within 1 business day.
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