Civic Intelligence

Fairhaven Homes Inc.

990EZ • Fiscal year 2022 • EIN 52-1545215

Sep 01, 2021 to Aug 31, 2022 • Filed on Oct 13, 2022

14204 Daley RdHagerstown, MD 21740

(301) 573-1354

Siviq Scores

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

Liabilities / Assets

94th percentile

0.99x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

99th percentile

11.80x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

84th percentile

38%

Higher net margin than 84% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

71st percentile

19%

Faster asset growth than 71% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

31st percentile

-11%

Faster revenue growth than 31% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$474,465

Up $76,388 (+19%) from 2021

Net Assets

Up

$6,556

Up $14,929 (+178%) from 2021

Liabilities

Up

$467,909

Up $61,459 (+15%) from 2021

Revenue

Down

$39,661

Down $4,748 (-11%) from 2021

Expenses

Down

$24,732

Down $7,289 (-23%) from 2021

Net Income

Up

$14,929

Up $2,541 (+21%) from 2021

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

2022

Assets$474,465
Liabilities$467,909
Net Assets$6,556

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

2022

Revenue$39,661
Expenses$24,732
Net Income$14,929
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Oct 13, 2022
Return Version
2021v4.0
Gross Receipts
$39,661
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 nine elderly people during the tax year ended August 31, 2022.-$20,381
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CLIFTON MARTINPresident-$0--
CARLIN MARTINTreasurer-$0--
LEONARD HEGEDirector-$0--
Filing and Contact Details

Filer

Filer Name
Fairhaven Homes Inc
EIN
52-1545215
Phone
3015731354
Address
14204 DALEY RD, HAGERSTOWN, MD 21740

Signing Officer

Name
Carlin Martin
Title
Treasurer
Signed
2022-10-13
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 $110

Other Expenses.1009

Depreciation $3491

Total Liabilities.1008

Unsecured Notes and Loans Payable - Beginning $406450 Unsecured Notes and Loans Payable - Ending $467909

Raw XML Appendix153 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/ProgramServiceRevenueAmt032942
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt020381
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
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IRS990EZ/TotalRevenueAmt039661
IRS990EZ/TransactionWithControlEntInd0false
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $110
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Depreciation $3491
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
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ReturnHeader/Filer/BusinessNameControlTxt0FAIR
ReturnHeader/Filer/EIN0521545215
ReturnHeader/Filer/PhoneNum03015731354
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt015625 PENNSYLVANIA AVE
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd017225
ReturnHeader/PreparerPersonGrp/PhoneNum07175977149
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHELDON E MARTIN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-10-13T10:58:18-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CARLIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MARTIN
ReturnHeader/TaxPeriodBeginDt02021-09-01
ReturnHeader/TaxPeriodEndDt02022-08-31
ReturnHeader/TaxYr02021

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Filings