Fairhaven Homes Inc
- Assets
- $482.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hagerstown, MD
- Founding
- Data as of
- 08/2023
- EIN
- 52-1545215
Organization Overview
Fairhaven Homes Inc is located in Hagerstown, MD. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Fairhaven Homes 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 08/2023, Fairhaven Homes Inc generated $46.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $21.9k during the year ending 08/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
FAIRHAVEN HOMES INC. OPERATED AND MAINTAINED AN INDEPENDENT LIVING FACILITY FOR NINE ELDERLY PEOPLE DURING THE TAX YEAR ENDED AUGUST 31, 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clifton Martin President | 2 | $0 | |
Carlin Martin Treasurer | 2 | $0 | |
Leonard Hege Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $33,928 |
| Membership dues | $0 |
| Investment income | $12,868 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $46,796 |
| 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 | $750 |
| Occupancy, rent, utilities, and maintenance | $17,630 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,547 |
| Total expenses | $21,927 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $424,794 |
| Other assets | $0 |
| Total assets | $482,206 |
| Total liabilities | $450,781 |
| Net assets or fund balances | $31,425 |