Civic Intelligence

Fairhaven Homes Inc.

990EZ • Fiscal year 2019 • EIN 52-1545215

Sep 01, 2018 to Aug 31, 2019 • Filed on Nov 06, 2019

17224 Broadfording RoadHagerstown, MD 21740

(240) 675-7892

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

1.11x

Higher debt load relative to assets than 95% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

12.73x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

81st percentile

26%

Higher net margin than 81% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

40th percentile

-2.1%

Faster asset growth than 40% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Assets

Down

$393,859

Down $8,459 (-2.1%) from 2018

Net Assets

-$42,557

No earlier filing loaded for comparison.

Liabilities

Down

$436,416

Down $17,400 (-3.8%) from 2018

Revenue

Up

$34,286

Up $34,286 from 2018

Expenses

Up

$25,345

Up $25,345 from 2018

Net Income

Up

$8,941

Up $8,941 from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0-$200KAssets 2018: $402,318Liabilities 2018: $453,8162018Assets 2019: $393,859Liabilities 2019: $436,416Net Assets 2019: -$42,5572019Assets 2020: $398,255Liabilities 2020: $419,016Net Assets 2020: -$20,7612020Assets 2021: $398,077Liabilities 2021: $406,450Net Assets 2021: -$8,3732021Assets 2022: $474,465Liabilities 2022: $467,909Net Assets 2022: $6,5562022Assets 2023: $482,206Liabilities 2023: $450,781Net Assets 2023: $31,4252023Assets 2024: $457,277Liabilities 2024: $400,730Net Assets 2024: $56,5472024Assets 2025: $473,222Liabilities 2025: $385,578Net Assets 2025: $87,6442025

Highlighted filing

2019

Assets$393,859
Liabilities$436,416
Net Assets-$42,557

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60K$40K$20K$0Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $34,286Expenses 2019: $25,345Net Income 2019: $8,9412019Revenue 2020: $38,017Expenses 2020: $16,221Net Income 2020: $21,7962020Revenue 2021: $44,409Expenses 2021: $32,021Net Income 2021: $12,3882021Revenue 2022: $39,661Expenses 2022: $24,732Net Income 2022: $14,9292022Revenue 2023: $46,796Expenses 2023: $21,927Net Income 2023: $24,8692023Revenue 2024: $59,207Expenses 2024: $34,085Net Income 2024: $25,1222024Revenue 2025: $54,148Expenses 2025: $23,051Net Income 2025: $31,0972025

Highlighted filing

2019

Revenue$34,286
Expenses$25,345
Net Income$8,941
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Nov 6, 2019
Return Version
2018v3.1
Gross Receipts
$34,286
Mission and Program Overview

Mission

The primary purpose of Fairhaven Homes Inc. is supporting and benefitting The Washington County, Md., and The Franklin County, Penna., Home Mission Board, Inc., a Maryland corporation exempt from federal income tax under section 501(c)(3). In furtherance of that purpose, the mission of Fairhaven Homes, Inc. is to provide for the housing and financial security needs of the elderly, including without limitation, the operation and maintenance of an independent living facility for the elderly in Washington County, Maryland and Franklin County, Pennsylvania or such other place as determined by the Board of Directors from time to time.

Program Services

DescriptionGrantsExpenses
Fairhaven Homes Inc. operated and maintained an independent living facility for ten elderly people during the tax year ended August 31, 2019.$14,816-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
RONALD HORSTPresident-$0--
ROBERT MARTINTreasurer-$0--
CLIFTON MARTINDirector-$0--
Filing and Contact Details

Filer

Filer Name
Fairhaven Homes Inc
EIN
52-1545215
Phone
2406757892
Address
17224 BROADFORDING ROAD, HAGERSTOWN, MD 21740

Signing Officer

Name
Robert Martin
Title
Treasurer
Signed
2019-11-06
Discuss with paid preparer
Yes

Preparer

Firm
Martin Financial Consulting
Address
15625 PENNSYLVANIA AVE, GREENCASTLE, PA 17225
Preparer
Sheldon E Martin
Phone
7175977149
Supplemental Narrative

Additional Explanations

Other Expenses.1009

Depreciation $3492

Other Assets.1009

Notes and Loans Receivable - Beginning $320504 Notes and Loans Receivable - Ending $98906

Total Liabilities.1008

Unsecured Notes and Loans Payable - Beginning $453816 Unsecured Notes and Loans Payable - Ending $436416

Raw XML Appendix149 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.

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IRS990EZ/PrimaryExemptPurposeTxt0The primary purpose of Fairhaven Homes Inc. is supporting and benefitting The Washington County, Md., and The Franklin County, Penna., Home Mission Board, Inc., a Maryland corporation exempt from federal income tax under section 501(c)(3). In furtherance of that purpose, the mission of Fairhaven Homes, Inc. is to provide for the housing and financial security needs of the elderly, including without limitation, the operation and maintenance of an independent living facility for the elderly in Washington County, Maryland and Franklin County, Pennsylvania or such other place as determined by the Board of Directors from time to time.
IRS990EZ/ProgramServiceRevenueAmt032100
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IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
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IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Unsecured Notes and Loans Payable - Beginning $453816 Unsecured Notes and Loans Payable - Ending $436416
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Assets.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Total Liabilities.1008
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT MARTIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FAIRHAVEN HOMES INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CO ROBERT MARTIN
ReturnHeader/Filer/BusinessNameControlTxt0FAIR
ReturnHeader/Filer/EIN0521545215
ReturnHeader/Filer/PhoneNum02406757892
ReturnHeader/Filer/USAddress/AddressLine1Txt017224 BROADFORDING ROAD
ReturnHeader/Filer/USAddress/CityNm0HAGERSTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENCASTLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd017225
ReturnHeader/PreparerPersonGrp/PhoneNum07175977149
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHELDON E MARTIN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-11-06T08:10:50-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-09-01
ReturnHeader/TaxPeriodEndDt02019-08-31
ReturnHeader/TaxYr02018

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Filings