Fitch Home Inc
- Assets
- $8.1m
- Revenue
- $1.7m
- Investments
- $6.6m
- Employees
- 0
- Location
- Melrose, MA
- Founding
- 06/1967
- Data as of
- 09/2022
- EIN
- 04-2111388
Organization Overview
Fitch Home Inc is located in Melrose, MA. The organization was established in 1967. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Fitch Home 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 09/2022, Fitch Home Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $1.8m during the year ending 09/2022. While expenses have increased by 6.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A REAL HOME WITH A MAXIMUM OF COMFORT AND A WARM ATMOSPHERE FOR THE AGED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Haggerty Employee | 40 | $108,585 | |
Amy Conley Employee | 40 | $71,381 | |
Diane Porcardo Employee | 40 | $67,157 | |
Susan Waldron Employee | 40 | $61,670 | |
Linda Forti Employee | 40 | $58,735 | |
Carol Porter Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $86,893 |
| Interest on Savings | $34,250 |
| Dividends & Interest | $160,381 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $489,410 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $978,702 |
| Total Revenue | $1,749,636 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $733,056 |
| Pension plans, employee benefits | $64,326 |
| Interest | $0 |
| Taxes | $515 |
| Depreciation | $92,770 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $820,464 |
| Total operating and administrative expenses | $1,772,047 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,772,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $114,068 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,341,126 |
| Other assets | $0 |
| Total assets | $8,062,161 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $966 |
| Total liabilities | $966 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fitch Home Inc has recieved totaling $28,000.
| Awarding Organization | Amount |
|---|---|
Piccolo Family Charitable Foundation Inc Malden, MA PURPOSE: PROVIDE FUNDS TO SUPPORT THE ENTITY'S CHARITABLE WORK | $28,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Center For New York City New York, NY | $125,177,702 | $23,546,233 |
The Prospect-Woodward Home Keene, NH | $98,470,957 | $10,325,465 |
The Housing Partnership Network Inc Boston, MA | $38,640,476 | $16,875,187 |
Building Homes For Heroes Inc Island Park, NY | $15,491,113 | $13,729,241 |
Taconic Innovations Inc Wappingers Falls, NY | $14,026,966 | $12,196,980 |
The Crenulated Company Ltd New York, NY | $9,182,171 | $10,442,755 |
Living Independently Forever Inc Hyannis, MA | $12,273,693 | $10,857,981 |
Civic Builders Inc New York, NY | $87,716,137 | $21,789,241 |
Buffalo Federation Of Neighborhood Centers Inc Buffalo, NY | $8,954,316 | $11,146,328 |
Grand Street Guild East Housing Development Fund Company Inc Garden City, NY | $32,476,672 | $9,886,793 |
Grand Street Guild Hdfc Inc Garden City, NY | $33,829,247 | $10,532,897 |
Aishes Chayil Dkiryas Joel Mothers Relief Center Inc Monroe, NY | $15,335,659 | $8,593,002 |