Fountain House Inc
- Assets
- $58.7m
- Revenue
- $25.2m
- Investments
- $0.0
- Employees
- 188
- Location
- New York, NY
- Founding
- 07/1949
- Data as of
- 06/2021
- EIN
- 13-1624009
Organization Overview
Fountain House Inc is located in New York, NY. The organization was established in 1949. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2021, Fountain House Inc employed 188 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fountain House 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 06/2021, Fountain House Inc generated $25.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $24.6m during the year ending 06/2021. While expenses have increased by 3.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOUNTAIN HOUSE IS DEDICATED TO CREATE THE COMMUNITY, INNOVATION, AND SOCIAL CHANGE NEEDED FOR PEOPLE MOST IMPACTED BY MENTAL ILLNESS TO LEAD CONNECTED AND HEALTHY LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REHABILITATION HOUSING FACILITIES - HOUSING RESIDENTIAL OPPORTUNITIES ARE PROVIDED FOR APPROXIMATELY 400 PEOPLE, THROUGH A VARIETY OF FACILITIES, RANGING FROM 24 HOUR STAFF-SUPERVISED RESIDENCES TO INDEPENDENT APARTMENTS IN THE COMMUNITY.
COMMUNITY SUPPORT SERVICES - FOUNTAIN HOUSE PROVIDES COMMUNITY-BASED SUPPORT SERVICES TO INDIVIDUALS WITH MENTAL ILLNESS UTILIZING THE "CLUBHOUSE" MODEL DEVELOPED BY FOUNTAIN HOUSE (WHICH IS NOW UTILIZED BY OVER 300 OTHER ORGANIZATIONS AROUND THE WORLD). ITS CLUBHOUSE FACILITY IS LOCATED AT 425 WEST 47TH STREET IN NEW YORK CITY AND IS OPEN 365 DAYS A YEAR. FOUNTAIN HOUSE'S SUPPORT SERVICES ARE DELIVERED BY DIFFERENT UNITS, EACH OF WHICH IS OPERATED BY BOTH FOUNTAIN HOUSE'S MEMBERS AND ITS PROFESSIONAL STAFF. THE UNITS INCLUDE EDUCATION, COMMUNICATION, CULINARY, HORTICULTURE, RECEPTION, RESEARCH AND WELLNESS. MEMBERS OF FOUNTAIN HOUSE ALSO ARE AFFORDED VARIOUS OPPORTUNITIES TO WORK FOR PRIVATE SECTOR EMPLOYERS. FOUNTAIN HOUSE PROVIDES SUPPORT SERVICES TO ABOUT 1,300 MEMBERS EACH YEAR. AN ADDITIONAL CLUBHOUSE FACILITY CALLED FOUNTAIN HOUSE BRONX IS LOCATED AT 564 WALTON AVENUE IN THE BRONX. IT PROVIDES SUPPORT SERVICES TO OVER 200 MEMBERS EACH YEAR. DUE TO THE COVID-19 PANDEMIC, ALL SERVICES WERE PROVIDED REMOTELY OR VIRTUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashwin Vasan President & CEO | Officer | 40 | $354,225 |
Andrew Schonebaum CFO And Secretary | Officer | 40 | $195,352 |
Ralph F Aquila Medical Director | Officer | 40 | $195,271 |
Mary Crowley SVP & Chief Off. Ext. Affairs | Officer | 40 | $174,167 |
Elizebeth Stubenbord Director Of Housing | Officer | 40 | $155,652 |
Kevin Taylor Chief Development Officer | 40 | $146,655 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Bridgespan Group Consultants | 6/29/21 | $380,000 |
Builders R Us Construction Corp Contractor | 6/29/21 | $1,051,573 |
Rlg Kingsland Services Inc Contractor | 6/29/21 | $323,760 |
Croxton Collaborative Architects P Contractor | 6/29/21 | $355,228 |
Bee Well Llc Contractor | 6/29/21 | $326,843 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,430,936 |
| Related organizations | $0 |
| Government grants | $276,475 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,315,186 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,022,597 |
| Total Program Service Revenue | $14,230,385 |
| Investment income | $235,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,298,862 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,178,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $82,350 |
| Grants and other assistance to domestic individuals. | $9,379 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,251,601 |
| Compensation of current officers, directors, key employees. | $268,303 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,409,839 |
| Pension plan accruals and contributions | $624,072 |
| Other employee benefits | $1,530,048 |
| Payroll taxes | $862,122 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96,250 |
| Fees for services: Accounting | $200,024 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $159,115 |
| Fees for services: Other | $2,749,850 |
| Advertising and promotion | $0 |
| Office expenses | $1,552,357 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,655,695 |
| Travel | $72,624 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $837,691 |
| Insurance | $274,187 |
| All other expenses | $25,919 |
| Total functional expenses | $24,628,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,117,968 |
| Savings and temporary cash investments | $7,347,541 |
| Pledges and grants receivable | $2,277,201 |
| Accounts receivable, net | $629,782 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $407,648 |
| Net Land, buildings, and equipment | $21,983,975 |
| Investments—publicly traded securities | $20,287,846 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,651,041 |
| Total assets | $58,703,002 |
| Accounts payable and accrued expenses | $3,759,026 |
| Grants payable | $0 |
| Deferred revenue | $1,686,206 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $279,953 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,000,000 |
| Unsecured mortgages and notes payable | $1,691,557 |
| Other liabilities | $626,979 |
| Total liabilities | $9,043,721 |
| Net assets without donor restrictions | $36,321,960 |
| Net assets with donor restrictions | $13,337,321 |
| 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 | $58,703,002 |
Grants Awarded
Over the last fiscal year, Fountain House Inc has awarded $244,975 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNTAIN HOUSE & BODY LLC PURPOSE: employment SUPPORT | $137,267 |
New York, NY PURPOSE: program SUPPORT | $107,708 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fountain House Inc has recieved totaling $19,925.
| Awarding Organization | Amount |
|---|---|
The Disability Fund Inc Rockville Centre, NY PURPOSE: SUPPORT EMPLOYMENT OPPORTUNITIES FOR ADULTS WITH DISABILITIES | $12,425 |
Elizabeth Mcgeachin Mckee Foundation Raleigh, NC PURPOSE: CHARITABLE | $7,500 |
Endowment Analysis
| Beg. Balance | $7,055,021 |
| Earnings | $3,175,268 |
| Other Expense | $611,795 |
| Ending Balance | $9,618,494 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nysarc Inc Rochester, NY | $27,877,193 | $44,859,873 |
South Shore Mental Health Center Inc Quincy, MA | $16,592,400 | $42,228,663 |
Community Access Inc New York, NY | $44,287,153 | $43,295,921 |
Concern For Independent Living Inc Medford, NY | $129,990,843 | $51,046,741 |
Acmh Inc New York, NY | $39,268,782 | $34,516,055 |
The William George Agency For Children Services Inc Freeville, NY | $35,177,533 | $30,322,047 |
Carson Valley Childrens Aid Flourtown, PA | $24,192,030 | $32,761,030 |
George Junior Republic In Pennsylvania Grove City, PA | $4,947,842 | $18,297,642 |
Jcca Edenwald Inc Brooklyn, NY | $32,232,139 | $29,479,673 |
Merakey Allos Lafayette Hill, PA | $3,421,196 | $27,421,844 |
Argus Community Inc Bronx, NY | $42,089,836 | $27,303,409 |
Erie Homes For Children And Adults Inc Erie, PA | $15,104,282 | $26,754,599 |