Fhm Services Inc
- Assets
- $18.4k
- Revenue
- $898.8k
- Investments
- $0.0
- Employees
- 23
- Location
- Groton, CT
- Founding
- 07/1997
- Data as of
- 06/2022
- EIN
- 06-1483568
Organization Overview
Fhm Services Inc is located in Groton, CT. The organization was established in 1997. According to its NTEE Classification (I31) the organization is classified as: Half-Way Houses for Offenders & Ex-Offenders, under the broad grouping of Crime & Legal-Related and related organizations. As of 06/2022, Fhm Services Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fhm Services 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 06/2022, Fhm Services Inc generated $898.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $900.2k during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LOW COST TRANSITIONAL HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING, COUNSELING AND SUPPORT SERVICES TO FORMER PRISON INMATES TO ALLOW THEM TO REJOIN SOCIETY AS PRODUCTIVE LAW ABIDING CITIZENS AND OTHER INDIVIDUALS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Stevenson President & CEO | OfficerTrustee | 50 | $103,896 |
Rich Banyon Director | Trustee | 40 | $55,778 |
Hubert Poppe Chairman | OfficerTrustee | 1 | $0 |
Michael Mattson Treasurer | OfficerTrustee | 3 | $0 |
George Wezner Vice Chairman | OfficerTrustee | 1 | $0 |
William Barry Carlos Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $898,485 |
| Investment income | $320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $898,805 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $506,132 |
| Pension plan accruals and contributions | $5,932 |
| Other employee benefits | $41,679 |
| Payroll taxes | $44,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,354 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,508 |
| Advertising and promotion | $0 |
| Office expenses | $2,569 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $162,565 |
| Travel | $24,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,090 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $36,683 |
| All other expenses | $2,155 |
| Total functional expenses | $900,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,559 |
| Savings and temporary cash investments | $5,042 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,425 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,399 |
| Total assets | $18,425 |
| Accounts payable and accrued expenses | $67,393 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,243 |
| Total liabilities | $102,636 |
| Net assets without donor restrictions | -$84,211 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,425 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spiritus Christi Prison Outreach Inc Rochester, NY | $1,355,448 | $1,777,337 |
Saving Grace Ministries Inc Williamsville, NY | $4,040,442 | $1,183,154 |
Dismas House Of Massachusetts Inc Worcester, MA | $2,937,251 | $1,073,991 |
Fhm Services Inc Groton, CT | $18,425 | $898,805 |
414-418 East 119th Street Greenhope Housing Development Fund Corp New York, NY | $2,036,606 | $9,961 |
Opening Heavens Door Ministries Providence, RI | $0 | $64,061 |
Community Of Hope Inc Gales Ferry, CT | $530,027 | $136,590 |
Hour House Boston Incorporated Mattapan, MA | $0 | $5,594 |
Genesis Transitional Housing Ministries Inc Hollis, NY | $6,300 | $0 |
House Of Grace Ministries Inc Danbury, CT | $251,925 | $0 |
Boston Release Network Prides Crossing, MA | $17,700 | $0 |
Trinity Community Development Andempowerment Group Inc Jamaica, NY | -$13,755 | $6,390 |