Fitch Home Inc
- Assets
- $8.5m
- Revenue
- $1.7m
- Investments
- $7.0m
- Employees
- 0
- Location
- Melrose, MA
- Founding
- 06/1967
- Data as of
- 09/2023
- EIN
- 04-2111388
Organization Overview
Fitch Home Inc is located in Melrose, MA. The organization was established in 1967. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fitch Home 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 09/2023, Fitch Home Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.8m during the year ending 09/2023. While expenses have increased by 5.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A REAL HOME WITH A MAXIMUM OF COMFORT AND A WARM ATMOSPHERE FOR THE AGED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Porter Treasurer | 0 | $0 | |
Jane Mcdonald Trustee | 0 | $0 | |
C Henry Kezer Clerk&truste | 0 | $0 | |
Emelie Burnham Trustee | 0 | $0 | |
Mark B Hutchinson Trustee | 0 | $0 | |
Jeffrey Jones Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $229,684 |
| Interest on Savings | $41,596 |
| Dividends & Interest | $119,969 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $301,119 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,054,996 |
| Total Revenue | $1,747,364 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $755,712 |
| Pension plans, employee benefits | $66,906 |
| Interest | $0 |
| Taxes | $515 |
| Depreciation | $94,610 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $803,389 |
| Total operating and administrative expenses | $1,782,233 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,782,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $288,487 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,246,516 |
| Other assets | $0 |
| Total assets | $8,496,881 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $440 |
| Total liabilities | $440 |