Fairhaven Inc
- Assets
- $0.0
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 166
- Location
- Fort Washington, PA
- Founding
- 04/1982
- Data as of
- 03/2020
- EIN
- 23-7405177
Organization Overview
Fairhaven Inc is located in Fort Washington, PA. The organization was established in 1982. 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 03/2020, Fairhaven Inc employed 166 individuals. Fairhaven 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 03/2020, Fairhaven Inc generated $6.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.0%) each year. All expenses for the organization totaled $6.0m during the year ending 03/2020. As we would expect to see with falling revenues, expenses have declined by (22.4%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF FAIRHAVEN, INC. IS TO SERVE OLDER ADULTS SIXTY-TWO YEARS OF AGE AND OLDER, PROVIDING RETIREMENT-LIFE SERVICES INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, SKILLED NURSING CARE AND COMPLEMENTARY SERVICES; RESPONSIVE TO RESIDENT NEEDS IN A CHRISTIAN MANNER WITHOUT PREJUDICE OR PREFERENCE TO ANY FAITH, IN AN EXPRESSION OF LOVING KINDNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAIRHAVEN, INC. PROVIDES COMPREHENSIVE LIFE CARE SERVICES TO SENIOR ADULTS AGED 62 AND OLDER THAT INCLUDE INDEPENDENT LIVING HOUSING, DINING AND NUTRITIONAL SERVICES, PASTORAL SERVICES, SECURITY, HOUSEKEEPING, MAINTENANCE SERVICES AND SOCIAL, CULTURAL, EDUCATIONAL, SPIRITUAL AND RECREATIONAL ACTIVITIES. IN ADDITION, WHEN A RESIDENT'S HEALTH CARE NEEDS CHANGE, HOME HEALTH, ASSISTED LIVING, SKILLED NURSING CARE AND HOSPICE SERVICES ARE AVAILABLE. ALL PHYSICAL ACCOMMODATIONS AND SERVICES ARE PROVIDED UNDER THE TERMS OF A FORMAL LIFECARE AGREEMENT WHICH ALSO ASSURES THAT ASSISTED LIVING AND SKILLED NURSING CARE WILL BE PROVIDED TO RESIDENTS WHEN THEY NEED IT, WITHOUT A CHANGE IN THEIR MONTHLY FEE, THEREBY OFFERING FURTHER SECURITY AND PEACE OF MIND. FOR THE PERIOD FROM JANUARY 1, 2020 THROUGH MARCH 31, 2020, FAIRHAVEN, INC. SERVED, ON AVERAGE, 308 RESIDENTS IN INDEPENDENT LIVING, 31 RESIDENTS IN ASSISTED LIVING AND 55 RESIDENTS IN SKILLED CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald T Grant Chairman & Director | OfficerTrustee | 0.5 | $0 |
Karen I Christiansen President, Vice-Chair & Director | OfficerTrustee | 0.5 | $0 |
Glenn D Fox Secretary | Officer | 1 | $0 |
Richard A Winter Treasurer | Officer | 1 | $0 |
Jonathan D Grant Assistant Secretary | Officer | 0.1 | $0 |
Susan Ahern Assistant Treasurer | Officer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unidine Corporation Culinary Consultant | 3/30/20 | $1,090,536 |
Birmingham Design Management General Contractor | 3/30/20 | $554,267 |
Rf Technologies Inc Alarms/security | 3/30/20 | $127,648 |
David C Bullock General Contractor In General Contractor | 3/30/20 | $318,276 |
Functional Pathways Of Tennessee Rehab/companion Care | 3/30/20 | $387,557 |
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 | $15,757 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,757 |
| Total Program Service Revenue | $6,034,510 |
| Investment income | $210,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,703 |
| Net Gain/Loss on Asset Sales | $7,480 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,301,998 |
| 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 | $1,576,601 |
| Pension plan accruals and contributions | $41,843 |
| Other employee benefits | $243,892 |
| Payroll taxes | $118,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,409 |
| Fees for services: Accounting | $8,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,202 |
| Fees for services: Other | $1,225,618 |
| Advertising and promotion | $27,208 |
| Office expenses | $125,168 |
| Information technology | $18,609 |
| Royalties | $0 |
| Occupancy | $573,037 |
| Travel | $10,134 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $276,002 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $488,255 |
| Insurance | $78,931 |
| All other expenses | $114,957 |
| Total functional expenses | $5,996,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |