Fairhaven Residents Association Inc
- Assets
- $512.2k
- Revenue
- $181.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Sykesville, MD
- Founding
- 08/2002
- Data as of
- 12/2021
- EIN
- 01-0608536
Organization Overview
Fairhaven Residents Association Inc is located in Sykesville, MD. The organization was established in 2002. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairhaven Residents Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Fairhaven Residents Association Inc generated $181.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $217.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE CHARITABLE, EDUCATIONAL, SPIRITUAL, AND RECREATIONAL ACTIVITIES FOR THE RESIDENTS OF FAIRHAVEN, A MARYLAND CONTINUING CARE RETIREMENT COMMUNITY (CCRC).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION MANAGES THE EMPLOYEE APPRECIATION FUND (EAF). FAIRHAVEN ALLOWS NO TIPPING TO ITS EMPLOYEES. INSTEAD THE EAF IS DESIGNED TO PROVIDE GRATUITIES ON A SEMI-ANNUAL BASIS. FUNDS FOR THE EAF ARE DERIVED SOLELY FROM RESIDENT CONTRIBUTIONS. IN 2021 THE RESIDENTS CONTRIBUTED $117,115 AND A TOTAL OF $116,740 WAS DISTRIBUTED TO MORE THAN 200 EMPLOYEES IN JUNE AND DECEMBER. THE EXCESS CONTRIBUTIONS HAVE BEEN HELD FOR DISTRIBUTION IN 2022.
THESE ARE DONATIONS PROVIDED TO LOCAL ORGANIZATIONS OUTSIDE OF FAIRHAVEN WHICH ARE IDENTIFIED AS SUPPORTING THE ASSOCIATION'S MISSION. THE SOURCE OF THESE FUNDS WAS A BEQUEST TO THE ASSOCIATION FOR THIS SPECIFIC PURPOSE. THE DONATIONS FOR 2022 WERE:1) FREEDOM DISTRICT FIRE DEPARTMENT - $10,0002) WEST FRIENDSHIP VOLUNTEER FIRE DEPARTMENT - $5,0003) E.S.C.A.P.E MINISTRIES - $10,0004) CARROLL COUNTY FOOD SUNDAY - $10,0005) CHESAPEAKE BAY FOUNDATION - $10,0006) ST. PAUL UNITED METHODIST CHURH - $10,000THESE DONATIONS WERE ALL MADE IN JUNE OF 2021
THESE WERE THE EXPENSES THAT THE ASSOCIATION DISPENSED IN SUPPORT OF IS MISSION OBJECTIVES. THESE ITEMS INCLUDED EDUCATION, ENTERTAINMENT, RECREATION, SOCIAL SERVICES, SPIRITUAL GROWTH AND ADMINISTRATIVE SUPPLIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Higbee President | OfficerTrustee | 12 | $0 |
William Ruppel Vice President | OfficerTrustee | 10 | $0 |
Norm Desmaris Treasurer | OfficerTrustee | 20 | $0 |
Barbara Clagett Secretary | OfficerTrustee | 15 | $0 |
Judy Rhoades Director | Trustee | 1 | $0 |
Carol Higgins Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,102 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,551 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,653 |
| Total Program Service Revenue | $22,910 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,588 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,161 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,000 |
| Grants and other assistance to domestic individuals. | $116,740 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $17,447 |
| Total functional expenses | $217,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $72,104 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $440,124 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $512,228 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $512,228 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $512,228 |
Grants Awarded
Over the last fiscal year, Fairhaven Residents Association Inc has awarded $50,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Sykesville, MD PURPOSE: DONATION | $10,000 |
Sykesville, MD PURPOSE: DONATION | $10,000 |
Annapolis, MD PURPOSE: DONATION | $10,000 |
Westminster, MD PURPOSE: DONATION | $10,000 |
STPAUL'S UM CHURCH PURPOSE: DONATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Montgomery County Coalition For The Homeless Inc Rockville, MD | $3,846,853 | $18,504,232 |
Merakey New Jersey Inc Lafayette Hill, PA | $3,333,906 | $18,038,178 |
St Edmonds Home For Crippled Children Philadelphia, PA | $49,721,966 | $18,318,758 |
National Council Of Urban Indian Health Washington, DC | $1,404,220 | $8,677,340 |
Newlands Health Philadelphia, PA | $1,159,090 | $8,229,782 |
Transitional Services Inc Homestead, PA | $10,014,611 | $8,842,162 |
Nuestros Pequenos Hermanosinternational Round Hill, VA | $4,147,042 | $6,283,043 |
The Orphanetwork Virginia Beach, VA | $3,197,466 | $6,293,778 |
Emmaus Community Of Pittsburgh Pittsburgh, PA | $6,056,245 | $6,901,501 |
Third Option Foundation Reston, VA | $24,876,503 | $12,300,421 |
Community At Holy Family Manor Inc Pittsburgh, PA | $2,157,302 | $4,230,845 |
All Hazards Consortium Inc Frederick, MD | $860,935 | $3,674,057 |