Famicos Foundation

What Famicos Foundation does

Famicos Foundation is a 501(c)(3) nonprofit community development corporation (CDC), EIN 34-1053534, founded circa 1970 by Sr. Henrietta Gorris in the aftermath of the Hough riots in Cleveland, Ohio. Originally a volunteer charity providing food, clothing, shelter, and minor home repairs, Famicos has since professionalized into a place-based CDC with a 14-member Board of Trustees, a staff of approximately 58-60 professionals across nine departments, and three neighborhood offices serving Glenville, Hough, and St. Clair-Superior. The organization is a chartered NeighborWorks affiliate and the recognized community quarterback for Purpose Built Communities in its target neighborhoods, led by Executive Director John O. Anoliefo.

The core product surface is a portfolio of 850+ affordable housing units spanning market-rate apartments (The Madison, DeVere), income-restricted and HUD-assisted family housing (1341 East Blvd, Park Village, Crawford Tilden), senior housing (Garrett Square, Wade Chateau, Doan Classroom, Notre Dame, University Tower), permanent supportive housing for the chronically homeless (1850 Superior Apartments), and the Henrietta Homes 40-unit lease-to-purchase program with a 15-year purchase option. Underlying technology is conventional property management and community development tooling for LIHTC and HUD-regulated assets. Layered onto the housing platform is a broad social-services stack: a Benefits Enrollment Center, the Gateway105 Farmers Market, VITA/EITC free tax preparation, the Home Repair and Lead Safe Glenville programs, youth employment through Youth Opportunities Unlimited, health and wellness clinics, small business technical assistance, and the St. Mark's Family Center historic preservation project.

Revenue is assembled from federal and state grants (Federal Home Loan Bank Affordable Housing Program, National Park Service, Ohio Department of Health, National Community Care Corps), rental income across the housing portfolio, an annual fundraiser gala with corporate sponsorships ranging $1,000-$10,000, individual donations, and the Henrietta Homes lease-purchase program. Units are priced by income eligibility and property type, with market apartments starting at $930-$1,160 per month, lease-purchase application fees of $50, and senior housing application fees of $38. Go-to-market is community-led, anchored by neighborhood offices, partner sites (Hough Multipurpose Center, Five Pointe Community Center, schools), the New Day in Hough Summer Festival, and an annual gala, supplemented by organic social and earned media across Crain's Cleveland, Fox8, WKYC, and other local outlets.

Name

Famicos Foundation

Legal name

Famicos Foundation

Website

https://famicos.org

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

11–50 employees

Short description

Famicos Foundation is a Cleveland-based nonprofit community development corporation managing 850+ affordable housing units and delivering integrated social services across Glenville, Hough, and St. Clair-Superior neighborhoods for low-income families, seniors, and chronically homeless residents.

Ownership category

akta.pro rank

Product category

Affordable Housing and Community Development

NAICS

Community Housing Services (62422), Community Food and Housing, and Emergency and Other Relief Services (6242), Services for the Elderly and Persons with Disabilities (62412)

SIC

Services-Social Services (8300), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• Affordable housing development
• Community development corporation
• Supportive housing services
• Senior housing management
• Lease-purchase homeownership

Headquarters

HQ city

Cleveland

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Federal and State Grants: Major funding source including grants from Federal Home Loan Bank Affordable Housing Program, National Park Service African American Civil Rights grants, Ohio Department of Health, and National Community Care Corps for volunteer programs
2. Rental Income: Revenue from 850+ units of affordable housing including apartments for families, seniors, and supportive housing for the chronically homeless
3. Lease-Purchase Program: 15-year lease-to-purchase program for single-family homes where residents lease affordable homes with option to purchase in year 16
4. Donations and Fundraising: Individual donations, corporate sponsorships for annual fundraiser gala and summer festivals
5. VITA/EITC Tax Preparation: Free tax preparation services through volunteer Income Tax Assistance Program, partnership with Cuyahoga County EITC Coalition

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels10 records

Core offering

Famicos Foundation is a nonprofit community development corporation that owns and manages 850+ units of affordable housing across Cleveland's Glenville, Hough, and St. Clair-Superior neighborhoods, serving families, seniors, the disabled, and the chronically homeless. It bundles this housing portfolio with integrated social services including benefits enrollment, free tax preparation, home repair, youth employment, small business support, and community health programs. The organization also operates community facilities such as the Glenville Arts Campus and the St. Mark's Family Center preservation project.

Product overview

Famicos Foundation is a community development corporation offering a diverse portfolio of affordable housing programs and social services in Cleveland neighborhoods. Their housing portfolio includes 13+ distinct property types ranging from market-rate apartments (The Madison, DeVere) to subsidized senior housing (Garrett Square, Wade Chateau), HUD housing (Park Village), permanent supportive housing (1850 Superior), and lease-to-purchase programs (Henrietta Homes). Social services include Benefits Enrollment Center, Health & Wellness clinics, Gateway105 Farmers Market, Homeownership Resource Center, Job Skills programs, Small Business Support, Tax Preparation Center, Youth Programs, and Home Repair services. The organization also operates the Glenville Arts Campus and hosts community events including the New Day in Hough Summer Festival. The portfolio includes both direct-service programs and property management operations totaling over 850 affordable housing units.

Differentiator

Problem solved

Functional benefit

Brands

• Glenville Arts Campus: A collection of buildings at the Glenville Arts Campus hosting musical, visual, literary, and performance arts programs and nonprofits.
• The Madison
• Henrietta Homes
• Garrett Square Apartments
• St Marks Family Center

Products and services

• Henrietta Homes A 40-unit single family lease/purchase project for low-moderate income families in Cleveland's Hough neighborhood. Homes are located on scattered sites between East 65th Street and East 71st Street. Residents can purchase the homes after 15 years of rental operations.
• Garrett Square Apartments A 49-unit new construction senior housing project located at 12417 Superior Avenue in Cleveland, exclusively for active seniors aged 55 and older. Features include access to public transit, community room, fitness center, and dedicated supportive services coordinator.
• The Madison Apartments Luxury market-rate apartments at the Glenville Arts Campus featuring stainless steel appliances, granite counters, plank flooring, and walk-in showers. Starting at $1,160/month for 1 bedroom, 1 bath units with in-suite washer/dryer. Income must be 3x rent.
• DeVere Apartments Historic luxury living in the East Boulevard Historic District featuring single-car garages, included appliances, and walking trails through Rockefeller Park.
• 1341 East Blvd Apartments Apartments located at 1341 East Blvd with washer and dryer in unit, close to VA and University Hospital. Starting at $930/month. Income-restricted units.
• Crawford Tilden Apartments 1, 2, and 3 bedroom multi-family units with on-site washers and dryers, gated parking, tax credit units, and Section 8 acceptance.
• Park Village Apartments 2, 3, and 4 bedroom HUD Housing units with on-site washers and dryers, dishwasher, 24-hour security, child benefit programs, financial counseling, and social services assistance.
• Covington Garden Apartments 2 and 3 bedroom garden-style apartments located at 14024 Superior Ave.
• Historic Newton Apartments 2, 3, and 4 bedroom units requiring Housing Choice Voucher Program approval for residence.
• Wade Chateau Apartments Senior/disabled apartments at 9501 Wade Park Ave. 1 and 2 bedroom units; seniors 62+ for 1-bedroom, 55+ for 2-bedroom. Features on-site parking and transportation for group trips and health appointments.
• Doan Classroom Apartments Senior apartments at 1350 E 105 St with dedicated social services coordinator on site.
• University Tower Apartments Senior apartments at 1575 East Blvd with exercise room, library, computer room, and salon.
• 1850 Superior Apartments Permanent supportive housing for the chronically homeless. Must be referred by Frontline Services Inc.
• Benefits Enrollment Center Connects individuals to federal, state, and local benefit programs including Medicaid, SNAP, Medicare Low-Income Subsidy, Medicare Savings Programs, and LIHEAP.
• Health & Wellness Program Pop-up vaccine clinics for seniors and disabled persons, transportation to health appointments, and health screenings at low-income apartment buildings.
• Gateway105 Farmers Market Farmers market bringing fresh locally grown produce to the Glenville food desert. Operates Fridays 3-7pm and Saturdays 1-4pm at 1322 E 105 St. Accepts EBT, WIC, Senior Coupons, Produce Perks, and Rx Vouchers.
• Homeownership Resource Center Provides guidance and support for financial coaching, home purchase education, and housing stability. Includes emergency financial assistance for eviction prevention and utility assistance.
• Job Skills Programs Includes Famicos Cares Legal Works for expungement services, EITC Tax Preparation Program, Young Professionals Networking, Professional Womens Networking, and job seeking assistance through Towards Employment partnership.
• Small Business Support Technical support workshops, one-on-one coaching, grant and loan application assistance, business spotlights, mentoring, and access to capital through Economic & Community Development Institute and Erie Bank.
• Tax Preparation Center (VITA/EITC) VITA/EITC free tax preparation services for individuals earning up to $60,000, provided in partnership with the Cuyahoga County EITC Coalition.
• Youth Programs Includes MyCom youth engagement, literacy programs, Studio 105 arts programming, Youth Employment through Youth Opportunities Unlimited, and Youth Landscaping Program for ages 14-19.
• Home Repair Program Provides home repairs to residents, seniors, and disabled residents of Glenville, St. Clair Superior, and Hough. Includes lead remediation services aligned with the Cleveland Lead Coalition.
• Glenville Arts Campus A collection of buildings hosting musical, visual, literary, and performance arts programs and nonprofits. Home to Studio 105 (Center for Arts-Inspired Learning), Twelve House (Twelve Literary Arts), and ThirdSpace Cafe (ThirdSpace Action Lab).
• St Marks Family Center Historic preservation project to renovate St. Mark's Presbyterian Church (built 1911) into a multi-purpose community center. Campaign goal of $9.1 million with $4.875 million funded. Site significant to Civil Rights Movement history.

Quantifiable outcome

• 850+ affordable housing units managed for families, seniors, disabled, and chronically homeless
• +5 more outcomes

Named customers7 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core and secondary.

• NeighborWorks AmericacoreStrategic or Co-development PartnerFamicos is a chartered member of NeighborWorks, a national nonprofit that provides training, tools, and support to community development organizations. This affiliation provides credibility, access to best practices, and network resources for affordable housing and community development.
• Case Western Reserve UniversitycoreStrategic or Co-development PartnerPartnership since 2018 on holiday giving, Newton Avenue Park, Health Equity Strategy for local neighborhoods, COVID-19 vaccines, and free dental clinics for local seniors. John Anoliefo serves on CWRU's Neighborhood Advisory Council.
• Cleveland CliniccoreStrategic or Co-development PartnerHealth partnership including 8-Week Challenge nutrition program, cooking demonstrations, and health screenings. Cleveland Clinic listed as Bronze Sponsor for New Day in Hough festival.
• Greater Cleveland Food BankcoreStrategic or Co-development PartnerPartner to offer food distribution at Hough Multipurpose Center, NORA location, residences, and schools in the communities served.
• Cuyahoga County EITC CoalitioncoreStrategic or Co-development PartnerPartnership with United Way and Refund Ohio to provide free tax return preparation for individuals earning up to $60,000. Over 1,000 residents assisted during 2025 tax season.
• FrontLine ServicecoreStrategic or Co-development PartnerReferral partner for 1850 Superior Apartments permanent supportive housing for chronically homeless individuals.
• Towards EmploymentsecondaryStrategic or Co-development PartnerProvides resume writing, interviewing skills, training opportunities, and workforce preparation assistance for Famicos clients.
• Youth Opportunities Unlimited (Y.O.U.)coreStrategic or Co-development PartnerPartnership to provide youth in Glenville, Hough, and St. Clair-Superior with career readiness training and summer employment.
• Cuyahoga Metropolitan Housing AuthoritycoreStrategic or Co-development PartnerWaiting list management for Henrietta Homes and Garrett Square apartments. Section 8 and housing voucher acceptance.
• Center for Arts-Inspired LearningcoreChannel Partner/ Reseller/ DistributorOpened Studio 105 at Glenville Arts Campus, hosting musical, visual, literary, and performance arts programs.
• Twelve Literary ArtscoreChannel Partner/ Reseller/ DistributorWill occupy Twelve House at Glenville Arts Campus for literary arts programming.
• ThirdSpace Action LabcoreChannel Partner/ Reseller/ DistributorOperates ThirdSpace Cafe on ground floor of The Madison building at Glenville Arts Campus.

Scale indicators13 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Cuyahoga Metropolitan Housing Authority: CMHA is the public housing authority serving Cuyahoga County, providing Section 8 vouchers, public housing, and partner referrals that Famicos explicitly accepts at multiple properties. Comparable as a peer housing provider in the same service area with overlapping resident population.
• Burten, Bell, Carr Development Corporation: BBC Development Corporation is a Cleveland CDC focused on revitalizing the Central, Buckeye-Shaker, and Kinsman neighborhoods with affordable housing, commercial real estate, and community programming — a direct geographic and operational peer to Famicos' east-side CDC work.
• Mercy Housing: Mercy Housing is a national nonprofit affordable housing developer and service provider operating LIHTC and HUD properties with integrated supportive services — closely comparable to Famicos' combination of large-scale affordable housing ownership and wraparound resident services.
• CHN Housing Partners: CHN Housing Partners is a Cleveland-based nonprofit affordable housing developer and service provider that, like Famicos, combines LIHTC/HUD property ownership, housing counseling, and resident services across Northeast Ohio. It is the closest direct peer on geography, mission, and integrated service model.
• Habitat for Humanity of Greater Cleveland: Habitat for Humanity of Greater Cleveland builds and rehabs affordable homes for low-income families in the Cleveland area, including homeownership pathways comparable to Famicos' Henrietta Homes lease-purchase model.

Broad incumbents

• Local Initiatives Support Corporation (LISC): LISC is a national CDF that finances and supports local CDCs and affordable housing developers. Comparable as a broader incumbent funder/peer in community development, with significant overlap in CDC operating model and resident service programs.
• Enterprise Community Partners: Enterprise is a national CDF that invests in affordable housing development and community development financial institutions. Comparable as a broader incumbent in the affordable housing and community development space in which Famicos operates.
• National NeighborWorks Network: The NeighborWorks network comprises 240+ chartered community development organizations like Famicos, providing training, capital, and standards. Comparable as the broad incumbent affiliation that defines Famicos' operating standards and peer cohort.

Regional players

• Cleveland Neighborhood Progress: Cleveland Neighborhood Progress is a Cleveland-based intermediary that funds and supports neighborhood CDCs including Famicos-adjacent organizations. It is comparable as a regional convener for community development corporations operating in Cleveland's neighborhoods.
• Northeast Ohio Community Development Corporation (various): Neighborhood Development Corporation / similar NE Ohio CDCs operate the same nonprofit affordable housing and community revitalization model as Famicos in adjacent Cleveland neighborhoods — relevant as a regional peer for comparable scale, funding sources, and program mix.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks3 records

Key highlights7 records

Customer concentration

• Xx.com/Famicos
• YouTubeyoutube.com/@famicosfoundation6766
• Facebookfacebook.com/FamicosFoundation
• LinkedInlinkedin.com/company/famicos-foundation
• Instagraminstagram.com/Famicos

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Famicos Foundation