Fellowship Village Inc
- Assets
- $197.5m
- Revenue
- $51.3m
- Investments
- $5.0m
- Employees
- 487
- Location
- Basking Ridge, NJ
- Founding
- 05/1992
- Data as of
- 12/2022
- EIN
- 22-3146725
Organization Overview
Fellowship Village Inc is located in Basking Ridge, NJ. The organization was established in 1992. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2022, Fellowship Village Inc employed 487 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fellowship Village 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 12/2022, Fellowship Village Inc generated $51.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $56.0m during the year ending 12/2022. While expenses have increased by 6.0% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE SENIORS OF VARIED BACKGROUNDS THROUGH OUR CHRIST-CENTERED COMMUNITY.
Describe the Organization's Program Activity:
FELLOWSHIP VILLAGE, INC, OPERATING OUT OF BASKING RIDGE, NEW JERSEY, IS A NOT-FOR-PROFIT FAITH BASED PROVIDER OF SENIOR LIVING COMMUNITIES, SERVICES AND PROGRAMS AND EMBODIES A CULTURE OF HOSPITALITY AND EXCELLENCE. WE SERVE SENIORS OF ALL BELIEFS AND BACKGROUNDS WHO WISH TO ENJOY INDEPENDENCE, FELLOWSHIP, COMPASSIONATE CARE AND ACCESS TO A WIDE RANGE OF SERVICES INCLUDING LIFE PLAN COMMUNITY (CONTINUING CARE RETIREMENT COMMUNITY/CCRC), INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, SKILLED NURSING, REHABILITATION, THERAPY AT HOME, FITNESS TRAINING, HOME CARE, CONCIERGE SERVICES, HOSPICE, MEDICAL SERVICES, CARE MANAGEMENT AND LONG TERM CARE PLANS.FELLOWSHIP VILLAGE SERVES OVER 400 RESIDENTS AND ON ITS CAMPUS HAS 257 APARTMENTS, VILLAS, COTTAGES, AND FREESTANDING HOMES THAT COMPRISE THE INDEPENDENT LIVING SECTION OF THE COMMUNITY. FELLOWSHIP VILLAGE OFFERS A FULL CONTINUUM OF SERVICES FROM INDEPENDENT LIVING TO RESPITE CARE. FELLOWSHIP HAS 81 ASSISTED LIVING ROOMS WHICH ALSO HAVE A SPECIALIZED MEMORY CARE PROGRAM AND 54 SKILLED NURSING BEDS. RESIDENTS ARE SUPPORTED BY THE REHABILITATION AND WELLNESS CENTER AND MEDICAL CENTER OF THE COMMUNITY. FELLOWSHIP VILLAGE ALSO OFFERS HOME COMMUNITY BASED SERVICES THAT ARE DESIGNED TO DELIVER SERVICES TO SENIORS INSIDE THEIR OWN HOME. FELLOWSHIP VILLAGE OFFERS MORE THAN 30 RESIDENT AND MEMBER DRIVEN CLUBS, ACTIVITIES, AND COMMITTEES FOR THOSE WANTING A MORE ACTIVE LIFESTYLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanley Morin CPA Chairman | OfficerTrustee | 2 | $0 |
Jeffrey Zenna Vice Chairman | OfficerTrustee | 1 | $0 |
Ralph Acquaviva Director | Trustee | 1 | $0 |
Rulene Difrancesco Director | Trustee | 1 | $0 |
William Dobson Director | Trustee | 1 | $0 |
Dave L Jones Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Senior Dining Dining Mgmt Fees | 12/30/22 | $6,541,526 |
Sweetwater Construction Construction | 12/30/22 | $3,516,537 |
Flick Cw Plant Operations & Housekeeping Mgmt | 12/30/22 | $2,692,237 |
Monk's Franchising Llc Construction | 12/30/22 | $1,757,163 |
Monk's Kitchen & Bath Design Studio Construction | 12/30/22 | $1,104,859 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $60,910 |
| Government grants | $31,716 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,626 |
| Total Program Service Revenue | $47,200,566 |
| Investment income | $1,831,713 |
| Tax Exempt Bond Proceeds | $461 |
| Royalties | $0 |
| Net Rental Income | $94,495 |
| Net Gain/Loss on Asset Sales | $330,586 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,337,376 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,165,694 |
| 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. | $2,290,706 |
| Compensation of current officers, directors, key employees. | $504,435 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,511,652 |
| Pension plan accruals and contributions | $486,624 |
| Other employee benefits | $1,655,002 |
| Payroll taxes | $2,204,774 |
| Fees for services: Management | $2,014,891 |
| Fees for services: Legal | $435,944 |
| Fees for services: Accounting | $289,349 |
| Fees for services: Lobbying | $1,190 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,475 |
| Fees for services: Other | $201,570 |
| Advertising and promotion | $1,333,885 |
| Office expenses | $1,198,633 |
| Information technology | $273,673 |
| Royalties | $0 |
| Occupancy | $2,905,584 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,676 |
| Interest | $2,157,581 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,866,413 |
| Insurance | $687,465 |
| All other expenses | $0 |
| Total functional expenses | $56,022,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,186,065 |
| Savings and temporary cash investments | $1,036,800 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,486,143 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,104 |
| Prepaid expenses and deferred charges | $927,947 |
| Net Land, buildings, and equipment | $139,579,868 |
| Investments—publicly traded securities | $40,677,217 |
| Investments—other securities | $4,978,580 |
| Investments—program-related | $4,277,815 |
| Intangible assets | $50,055 |
| Other assets | $309,741 |
| Total assets | $197,530,335 |
| Accounts payable and accrued expenses | $8,471,029 |
| Grants payable | $0 |
| Deferred revenue | $17,512,683 |
| Tax-exempt bond liabilities | $82,972,025 |
| Escrow or custodial account liability | $218,358 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,219,114 |
| Unsecured mortgages and notes payable | $625,903 |
| Other liabilities | $36,904,449 |
| Total liabilities | $155,923,561 |
| Net assets without donor restrictions | $37,328,959 |
| Net assets with donor restrictions | $4,277,815 |
| 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 | $197,530,335 |
Grants Awarded
Over the last fiscal year, Fellowship Village Inc has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LIBERTY CORNER FIRST AID SQUAD PURPOSE: PROGAM SUPPORT | $5,000 |
SOMERSET HILLS YMCA PURPOSE: PROGRAM SUPPORT | $5,000 |