Fairfields Inc
- Assets
- $367.8k
- Revenue
- $33.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Hermitage, PA
- Founding
- 07/2007
- Data as of
- 06/2024
- EIN
- 20-8033540
Organization Overview
Fairfields Inc is located in Hermitage, PA. The organization was established in 2007. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairfields 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 06/2024, Fairfields Inc generated $33.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $67.1k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
HOMES FOR INDIVIDUALS WITH COGNITIVE & INTELLECTUAL DISABILITES IN AN URBAN RESIDENCE SETTING. THE HOUSING WILL PROVIDE A SETTING WHERE, ALONG WITH CARE, SECURITY, AND COMPASSION, THE RESIDENTS WILL ENJOY THEIR SURROUNDINGS THROUGH EXPOSURE TO NATURE AND EXERCISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING A 4-UNIT RESIDENTIAL BUILDING FOR INDIVIDUALS WITH COGNITIVE AND INTELLECTUAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Wallace Secretary/treasurer | OfficerTrustee | 1 | $0 |
Tim Mcgonigle Vice President | OfficerTrustee | 1 | $0 |
Tom Burich Past President | Trustee | 1 | $0 |
Bob Lucas Community Rep | Trustee | 1 | $0 |
Robert Beach Board Member | Trustee | 1 | $0 |
Matthew Vannoy Board Member | 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 | $33,545 |
| Investment income | $31 |
| 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 | $33,872 |
| 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 | $16,134 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,970 |
| Payroll taxes | $1,208 |
| Fees for services: Management | $2,136 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11 |
| Office expenses | $1,565 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $143 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,036 |
| Insurance | $0 |
| All other expenses | $304 |
| Total functional expenses | $67,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $394 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,737 |
| 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 | $115 |
| Net Land, buildings, and equipment | $328,116 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,465 |
| Total assets | $367,827 |
| Accounts payable and accrued expenses | $39,217 |
| Grants payable | $0 |
| Deferred revenue | $444 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,611 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $386,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,291 |
| Total liabilities | $430,463 |
| Net assets without donor restrictions | -$62,636 |
| 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 | $367,827 |