Civic Intelligence

Fairhaven Homes Inc.

990EZ • Fiscal year 2020 • EIN 52-1545215

Sep 01, 2019 to Aug 31, 2020 • Filed on Oct 16, 2020

Organization ProfileN/A
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

94th percentile

1.05x

Higher debt load relative to assets than 94% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

11.02x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

91st percentile

57%

Higher net margin than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

46th percentile

1.1%

Faster asset growth than 46% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

74th percentile

11%

Faster revenue growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$398,255

Up $4,396 (+1.1%) from 2019

Net Assets

Up

-$20,761

Up $21,796 (+51%) from 2019

Liabilities

Down

$419,016

Down $17,400 (-4.0%) from 2019

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin91st percentile

Revenue

Up

$38,017

Up $3,731 (+11%) from 2019

Expenses

Down

$16,221

Down $9,124 (-36%) from 2019

Net Income

Up

$21,796

Up $12,855 (+144%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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

2020

Assets$398,255
Liabilities$419,016
Net Assets-$20,761
Open 2020 Filing

Operations Trend

Revenue Growth74th percentile

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

2020

Revenue$38,017
Expenses$16,221
Net Income$21,796
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Oct 16, 2020
Return Version
2019v5.0
Gross Receipts
$38,017
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, 2020.$11,990-
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CLIFTON MARTINPresident-$0--
ROBERT MARTINTreasurer-$0--
CARLIN 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
2020-10-16
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.1002

“Office Expenses $40”

Other Expenses.1009

“Depreciation $3491”

Other Expenses.1

“REFUNDS $50”

Other Assets.1009

“Notes and Loans Receivable - Beginning $98906 Notes and Loans Receivable - Ending $0”

Total Liabilities.1008

“Unsecured Notes and Loans Payable - Beginning $436416 Unsecured Notes and Loans Payable - Ending $419016”

Raw XML Appendix152 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
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IRS990EZ/BooksInCareOfDetail/PersonNm0ROBERT A MARTIN
IRS990EZ/BooksInCareOfDetail/PhoneNum02406757892
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt017224 BROADFORDING ROAD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HAGERSTOWN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd021740
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0223575
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0330368
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt021796
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0700
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0393859
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0398255
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt038017
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt06167
IRS990EZ/LandAndBuildingsGrp/BOYAmt071378
IRS990EZ/LandAndBuildingsGrp/EOYAmt067887
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-42557
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-20761
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-42557
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-20761
IRS990EZ/OccupancyRentUtltsAndMaintAmt011940
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CLIFTON MARTIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ROBERT MARTIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2CARLIN MARTIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt098906
IRS990EZ/OtherExpensesTotalAmt03581
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
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/ProgramServiceRevenueAmt031850
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Fairhaven Homes Inc. operated and maintained an independent living facility for ten elderly people during the tax year ended August 31, 2020.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt011990
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0436416
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0419016
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt016221
IRS990EZ/TotalProgramServiceExpensesAmt011990
IRS990EZ/TotalRevenueAmt038017
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0In the furtherance of its purpose to benefit the supported organization by providing for the housing and financial security needs of the elderly, Fairhaven Homes Inc. operated and maintained an independent living facility for ten elderly people during the tax year ended August 31, 2020.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part I: Additional Information
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0237189499
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd01
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0WA CTY MD & FR CTY PA HOME MISSION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $40
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Depreciation $3491
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REFUNDS $50
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Notes and Loans Receivable - Beginning $98906 Notes and Loans Receivable - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Unsecured Notes and Loans Payable - Beginning $436416 Unsecured Notes and Loans Payable - Ending $419016
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Assets.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Total Liabilities.1008
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT MARTIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-16
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
ReturnHeader/Filer/USAddress/ZIPCd021740
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0800203903
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARTIN FINANCIAL CONSULTING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt015625 PENNSYLVANIA AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENCASTLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd017225
ReturnHeader/PreparerPersonGrp/PhoneNum07175977149
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHELDON E MARTIN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-11-06T07:21:56-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-09-01
ReturnHeader/TaxPeriodEndDt02020-08-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$398,255
Liabilities
$419,016
Net assets
-$20,761
Revenue
$38,017
Expenses
$16,221
Net income
$21,796
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.73$3.86$0.88$0.54$0.23$0.31
2024Detailed filing. Detailed filing data is available for this year.$4.57$4.01$0.57$0.59$0.34$0.25
2023Detailed filing. Detailed filing data is available for this year.$4.82$4.51$0.31$0.47$0.22$0.25
2022Detailed filing. Detailed filing data is available for this year.$4.74$4.68$0.07$0.40$0.25$0.15
2021Detailed filing. Detailed filing data is available for this year.$3.98$4.06$0.08$0.44$0.32$0.12
2020Detailed filing. Detailed filing data is available for this year.$3.98$4.19$0.21$0.38$0.16$0.22
2019Detailed filing. Detailed filing data is available for this year.$3.94$4.36$0.43$0.34$0.25$0.09
2018Summary only. Only limited summary data is available for this year.$4.02$4.54$0.00$0.00$0.00