Fab Inc
- Assets
- $319.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hingham, MA
- Founding
- 04/1994
- Data as of
- 06/2021
- EIN
- 04-3203317
Organization Overview
Fab Inc is located in Hingham, MA. The organization was established in 1994. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Fab 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 06/2021, Fab Inc generated $53.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $71.9k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDED HOUSING AND RELATED SERVICES TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES AT A RESIDENCE AT 664 COUNTRY WAY, SCITUATE, MA, IN CONJUNCTION WITH AND THROUGH A CONTROLLING ENTITY, THE ARC OF THE SOUTH SHORE, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Mcdonald Chair | 0.5 | $0 | |
George Toma Treasurer | 0.5 | $0 | |
Marynel Wahl Secretary | 0.5 | $0 | |
Norma Grassey Director | 0.5 | $0 | |
Robert Falconi Director | 0.5 | $0 | |
Michael Wilcox Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,402 |
| Total Program Service Revenue | $15,102 |
| Membership dues | $0 |
| Investment income | $18 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $53,522 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,085 |
| Occupancy, rent, utilities, and maintenance | $54,571 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,220 |
| Total expenses | $71,876 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $411 |
| Other assets | $0 |
| Total assets | $319,095 |
| Total liabilities | $198,133 |
| Net assets or fund balances | $120,962 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fit-Nhnh Inc Manchester, NH | $20,051,648 | $10,413,245 |
Cambridge Community Housing Development Inc Cambridge, MA | $56,982,552 | $7,704,327 |
New Samaritan Corporation Inc Storrs, CT | $12,270,724 | $7,624,848 |
Providence Housing Development Corporation Rochester, NY | $12,131,024 | $9,484,321 |
Equinox Inc Albany, NY | $7,754,124 | $11,254,428 |
Rochester Management Inc Rochester, NY | $15,106,778 | $10,149,651 |
Jerome Avenue Care For The Homeless New York, NY | $8,771,577 | $9,215,112 |
Oub Court Housing Company Inc Bronx, NY | $15,971,755 | $7,036,525 |
Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc Garden City, NY | $32,454,650 | $10,208,365 |
Evernorth Burlington, VT | $26,020,823 | $8,207,006 |
Hebrew Home Housing Development Fund Co Inc Bronx, NY | $13,025,058 | $6,258,776 |
Mishawum Park Tenants Association Inc Braintree, MA | $36,767,027 | $4,697,884 |