Civic Intelligence

Fairhaven Corporation

EIN 39-0979908 • 501(c)3 • Whitewater, WI

Profile

To provide housing and services which promote dignity and well-being with spiritual, intellectual, cultural and recreational vitality.

Refreshing map…

435 Starin RoadWhitewater, WI 53190

www.fairhaven.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.68x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

4.31x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

8th percentile

-29%

Higher net margin than 8% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

18th percentile

$137,711

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

85th percentile

21%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-38%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$40,776,090

Up $6,973,305 (+21%) from 2023

Liabilities

Up

$27,689,218

Up $8,254,079 (+42%) from 2023

Net Assets

Down

$13,086,872

Down $1,280,774 (-8.9%) from 2023

Revenue

Down

$6,430,421

Down $3,941,343 (-38%) from 2023

Expenses

Down

$8,272,081

Down $687,269 (-7.7%) from 2023

Net Income

Down

-$1,841,660

Down $3,254,074 (-230%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $20,989,083Liabilities 2010: $12,278,189Net Assets 2010: $8,710,8942010Assets 2011: $20,932,272Liabilities 2011: $11,834,133Net Assets 2011: $9,098,1392011Assets 2012: $21,574,484Liabilities 2012: $11,587,232Net Assets 2012: $9,987,2522012Assets 2013: $22,214,182Liabilities 2013: $10,963,248Net Assets 2013: $11,250,9342013Assets 2014: $20,950,580Liabilities 2014: $11,282,401Net Assets 2014: $9,668,1792014Assets 2015: $22,401,628Liabilities 2015: $11,961,318Net Assets 2015: $10,440,3102015Assets 2016: $24,773,133Liabilities 2016: $12,806,131Net Assets 2016: $11,967,0022016Assets 2017: $27,138,751Liabilities 2017: $13,759,066Net Assets 2017: $13,379,6852017Assets 2018: $29,038,054Liabilities 2018: $14,975,231Net Assets 2018: $14,062,8232018Assets 2019: $30,470,624Liabilities 2019: $16,624,625Net Assets 2019: $13,845,9992019Assets 2020: $33,350,451Liabilities 2020: $18,890,702Net Assets 2020: $14,459,7492020Assets 2021: $31,820,625Liabilities 2021: $17,144,478Net Assets 2021: $14,676,1472021Assets 2022: $31,058,260Liabilities 2022: $18,200,454Net Assets 2022: $12,857,8062022Assets 2023: $33,802,785Liabilities 2023: $19,435,139Net Assets 2023: $14,367,6462023Assets 2024: $40,776,090Liabilities 2024: $27,689,218Net Assets 2024: $13,086,8722024

Highlighted filing

2024

Assets$40,776,090
Liabilities$27,689,218
Net Assets$13,086,872

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $10,562,6312010Expenses 2011: $10,737,5362011Expenses 2012: $10,799,5782012Revenue 2013: $11,754,000Expenses 2013: $11,320,398Net Income 2013: $433,6022013Revenue 2014: $12,504,709Expenses 2014: $11,834,596Net Income 2014: $670,1132014Revenue 2015: $12,768,633Expenses 2015: $12,026,938Net Income 2015: $741,6952015Revenue 2016: $13,112,109Expenses 2016: $11,851,324Net Income 2016: $1,260,7852016Revenue 2017: $12,567,143Expenses 2017: $11,883,523Net Income 2017: $683,6202017Revenue 2018: $13,468,542Expenses 2018: $12,310,015Net Income 2018: $1,158,5272018Revenue 2019: $12,644,237Expenses 2019: $12,087,499Net Income 2019: $556,7382019Revenue 2020: $12,766,972Expenses 2020: $12,309,219Net Income 2020: $457,7532020Revenue 2021: $10,379,873Expenses 2021: $10,394,919Net Income 2021: -$15,0462021Revenue 2022: $8,670,991Expenses 2022: $9,956,769Net Income 2022: -$1,285,7782022Revenue 2023: $10,371,764Expenses 2023: $8,959,350Net Income 2023: $1,412,4142023Revenue 2024: $6,430,421Expenses 2024: $8,272,081Net Income 2024: -$1,841,6602024

Highlighted filing

2024

Revenue$6,430,421
Expenses$8,272,081
Net Income-$1,841,660

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.8$27.7$13.1$6.43$8.27$1.84
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.8$19.4$14.4$10.4$8.96$1.41
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.1$18.2$12.9$8.67$9.96$1.29
2021Detailed filing. Detailed filing data is available for this year.$31.8$17.1$14.7$10.4$10.4$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.4$18.9$14.5$12.8$12.3$0.46
2019Detailed filing. Detailed filing data is available for this year.$30.5$16.6$13.8$12.6$12.1$0.56
2018Detailed filing. Detailed filing data is available for this year.$29.0$15.0$14.1$13.5$12.3$1.16
2017Detailed filing. Detailed filing data is available for this year.$27.1$13.8$13.4$12.6$11.9$0.68
2016Detailed filing. Detailed filing data is available for this year.$24.8$12.8$12.0$13.1$11.9$1.26
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.4$12.0$10.4$12.8$12.0$0.74
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.0$11.3$9.67$12.5$11.8$0.67
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$22.2$11.0$11.3$11.8$11.3$0.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.6$11.6$9.99$10.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.9$11.8$9.10$10.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$12.3$8.71$10.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 25, 2025
Return Version
2024v5.2
Gross Receipts
$6,435,907
Mission and Program Overview

Mission

To provide housing and services which promote dignity and well-being with spiritual, intellectual, cultural and recreational vitality.

To provide housing and services, including skilled nursing and rehab to senior adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$27,450,118$36,231,475▲ $8,781,357
Investments in Publicly Traded Securities$1,987,683$1,068,320▼ $919,363
Savings and Temporary Cash Investments$895,600$660,780▼ $234,820
Cash and Non-Interest-Bearing Accounts$1,339,775$298,744▼ $1,041,031
Accounts Receivable$251,082$254,633▲ $3,551
Prepaid Expenses and Deferred Charges$45,418$39,732▼ $5,686
Total Assets$33,802,785$40,776,090▲ $6,973,305
Other Assets Total$1,833,109$2,222,406▲ $389,297
Liabilities
Deferred Revenue$15,079,147$15,637,767▲ $558,620
Mortgage Notes Payable Secured by Investment Property$704,769$6,898,562▲ $6,193,793
Other Liabilities$2,195,095$3,328,643▲ $1,133,548
Accounts Payable and Accrued Expenses$1,356,128$1,724,246▲ $368,118
Unsecured Notes Loans Payable$100,000$100,000→ $0
Total Liabilities$19,435,139$27,689,218▲ $8,254,079
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,367,646$13,086,872▼ $1,280,774
Total Net Assets Fund Balance$14,367,646$13,086,872▼ $1,280,774
Total Liabilities and Net Assets / Fund Balance$33,802,785$40,776,090▲ $6,973,305

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,897,398$21,071,772$37,969,170
Other Land Buildings$12,894,616-$12,894,616
Equipment$1,953,952$8,018,855$9,972,807
Land$4,485,509-$3,500,383
Other Assets Org$2,218,851--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,966,225$388,889▲ $198,369$-5,269$2,558,752
2023$1,454,631$318,799▲ $187,173$-5,622$1,966,225
2022$1,717,007-▼ $177,286$-6,063$1,454,631
2021$1,384,624$114,437▲ $211,398$-6,548$1,717,007
2020$1,170,167$105,801▲ $109,596$940$1,384,624
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Paul KuenningExecutive DirectorFT$137,711$137,711

Board Members and Trustees

NameTitle
James CaldwellChairman of Board
Dr Fred WilemanVice President
Ann HerdendorfDirector
Dr Gerald TheuneDirector
Dr Kenneth KiddDirector
Dr Richard HaneyDirector
Dr Richard TelferDirector
Dr Roberta WedlDirector
Kathy RossDirector
Marleen LippertDirector
Michael WallaceDirector
Rev Jerald WendtDirector
Rev Margaret ShepherdDirector
Sharon McculloughDirector
Rev Franz RigertEx-officio
Mark OlmExecutive Committee
Rev Max RigertExecutive Committee
Gary KincaidSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Bk Property Management LLCProperty ManagementN6734 WISCONSIN PKWY, Delavan, WI 53115$236,255
Prime Time Healthcare LLCHealthcare Worker AgencyPO BOX 3544, Omaha, NE 68103$185,925
Matrix CareResident Billing/accounting Software4957 HULL ST, Skokie, IL 60077$169,125
Revenue and Support

Revenue Composition

Contributions and Grants
$5,578
Program Service Revenue
$6,070,365
Investment Income
$1,079
Other Revenue
$353,399
All Other Contributions
$5,578
Change in Net Assets
$-1,841,660
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,335,725
Other Expenses$3,936,356
Total Fundraising Expense$10,801
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,684,431$447,280$3,664$3,135,375
Depreciation Depletion$1,461,934--$1,461,934
Other Employee Benefits$757,035$155,050$1,190$913,275
Occupancy$864,178--$864,178
Fees for Services Other$578,312-$1,450$579,762
Office Expenses$137,594$183,402$1,450$322,446
Interest$35,024$124,897$3,047$162,968
Pension Plan Contributions$149,364--$149,364
Current Officers, Directors, Trustees, and Key Employees$107,414$30,297-$137,711
Travel$65,332--$65,332
Fees for Services Accounting$61,950--$61,950
Other Expenses$16,220--$16,220
Fees for Services Legal$13,580--$13,580
Total Functional Expenses$7,320,354$940,926$10,801$8,272,081
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Fairhaven Foundation$3,207,089
Other Current Liabilities$70,321
Required Donor Annuity Reserve$47,447
Lt Financing Lease Liability$2,325
St Financing Lease Liability$1,461
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The executive committee is comprised of the board chair, the president/ceo and four other directors from the board of directors. The executive committee has the full authority of the board of directors between meetings of the full board.

Form 990, Part VI, Section A, Line 2

Rev. Max rigert, executive committee, and rev. Franz rigert, ex-offico, are father and son.

Form 990, Part VI, Section B, Line 11B

The form 990 was reviewed by the organization's management and was presented to the full board of directors prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

Each officer or director of fairhaven corporation currently in office is expected to complete, sign and return to the corporation a disclosure statement annually reporting direct and indirect personal or financial interests with conflicting businesses and organizations. Determinations are made by the remaining board members or committee members. Individuals with a conflict abstain both from discussion and voting on the issue before the board of directors. All proceedings related to conflicts of interest are documented in the meeting minutes.

Form 990, Part VI, Section B, Line 15

The organization's finance and personnel committee approves the annual budget which includes general increases for all employees. The general increases for all employees are determined utilizing information from the leading age wisconsin annual wage survey and performance at the organizational and individual levels. This process was last undertaken in 2019 for the executive director, paul kuenning.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and audited financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Fairhaven Corporation
EIN
39-0979908
Phone
2624732140
Address
435 STARIN ROAD, WHITEWATER, WI 53190

Signing Officer

Name
Paul Kuenning
Title
President/CEO
Phone
2624732140
Signed
2025-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Kuenning
Formed
1962
Legal Domicile
Wi
Voting Board Members
19
Independent Board Members
18
Employees
153
Volunteers
400

Preparer

Firm
Cliftonlarsonallen Llp
Address
10401 W INNOVATION DR STE 300, WAUWATOSA, WI 53226
Preparer
Kristen Donlevy
Phone
4144761880
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in donor annuities -2,947. Reversal of allowance -2,514.

Financial Statement Notes

PART X, LINE 2:

The corporation and the foundation are exempt from federal income tax under section 501(c)(3) of the internal revenue code. The organization is also exempt from wisconsin franchise and income tax. The organization follows the guidance in the income tax standard regarding the recognition and measurement of uncertain tax positions. The application of this standard has no impact on the organization's consolidated financial statements.

Raw XML AppendixShowing 400 of 674 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE HOUSING AND SERVICES, INCLUDING SKILLED NURSING AND REHAB TO SENIOR ADULTS.
IRS990/AllOtherContributionsAmt05578
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IRS990/Desc0SERVING RESIDENTS SINCE 1962, FAIRHAVEN CORPORATION (FAIRHAVEN OR THE CORPORATION) IS A NONPROFIT LIFE PLAN COMMUNITY RELATED TO THE WISCONSIN CONFERENCE OF THE UNITED CHURCH OF CHRIST, LOCATED IN WHITEWATER, WISCONSIN. FAIRHAVEN'S MAIN CAMPUS INCLUDES INDEPENDENT APARTMENTS, ASSISTED LIVING, SUPPORTIVE LIVING, AND MEMORY CARE. THE CORPORATION OFFERS LIFE LEASE ENTRANCE FEE AND MONTHLY FEE AGREEMENTS. THE CORPORATION HOLDS A COMMUNITY BASED RESIDENTIAL FACILITY (CBRF) LICENSE FOR 150 BEDS AVAILABLE IN 105 APARTMENTS AND 49 ASSISTED LIVING UNITS. IT ALSO HOLDS LICENSES FOR A 24-BED CBRF MEMORY CARE RESIDENCE CALLED HEARTHSTONE. PRAIRIE VILLAGE IS AN INDEPENDENT PATIO HOME COMMUNITY FOR THOSE 55 AND OLDER LOCATED ONE MILE FROM THE MAIN CAMPUS. FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, 65 DUPLEX UNITS WERE IN USE.
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