Fairhaven Industries Inc
- Assets
- $2.2m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 414
- Location
- Warren, OH
- Founding
- 07/1983
- Data as of
- 12/2021
- EIN
- 34-1023491
Organization Overview
Fairhaven Industries Inc is located in Warren, OH. The organization was established in 1983. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 12/2021, Fairhaven Industries Inc employed 414 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairhaven Industries 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 12/2021, Fairhaven Industries Inc generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 41.1% each year . All expenses for the organization totaled $4.6m during the year ending 12/2021. While expenses have increased by 38.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MISSION STATEMENT: TO PROVIDE EXCELLENT SERVICES WHILE KEEPING ALL PROGRAM OPTIONS AVAILABLE WHILE ALSO EXPANDING OPTIONS TO REACH EVERY POTENTIAL INDIVIDUAL IN OUR PROGRAM. WE BELIEVE THAT PERSON-CENTERED, FREE THINKING PLANNING SHOULD BE THE FIRST STEP IN PROVIDING EXCELLENT SERVICES AND DEVELOPING NEW AND EXCITING PROGRAMS AND JOBS. FAIRHAVEN INDUSTRIES, INC. WILL FOCUS ON TEAM FIRST, POSITIVE TRAINING WHERE ALL EMPLOYEES ARE CONSIDERED TEAM MEMBERS AND WILL WORK TOGETHER TO FOSTER A STRATEGIC PLAN THAT WILL TAKE US INTO THE FUTURE OF PROVIDING A VAST ARRAY OF SERVICES. FAIRHAVEN INDUSTRIES, INC. MAIN MISSION IS TO ASSIST THE INDIVIDUALS WHO CHOOSE OUR PROGRAM TO REACH THEIR DREAMS AND GOALS ON AN INDIVIDUAL BASIS WHILE FOSTERING RELATIONSHIPS INSIDE AND OUTSIDE THE WORKPLACE. WE WANT TO OFFER CAREERS AND PROGRAMS THAT ARE TAILORED TO EACH INDIVIDUAL'S PERSONAL GOALS. VISION STATEMENT: TO PROVIDE EXCELLENT AND DIVERSIFIED SUPPORT AND BE THE NUMBER ONE PROVIDER OF CHOICE IN OUR AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAIRHAVEN INDUSTRIES, INC. OFFERS ADULT DAY SERVICES, TRANSPORTATION SERVICES, AND RESIDENTIAL SERVICES TO ADULTS WITH DEVELOPMENTAL DISABILITIES. WORKSHOPS OFFER CLIENTS THE OPPORTUNITY TO WORK AND EVEN EARN A PAYCHECK AND LEARN SOCIAL SKILLS. TRANSPORTATION SERVICES ARE NON-MEDICAL SERVICES THAT ENABLE CLIENTS TO TRAVEL TO AND FROM DAY PROGRAMS, WORK, COMMUNITY OUTINGS, AND TO FULFILL DAILY NEEDS. RESIDENTIAL SERVICES INCLUDE GROUP ACTIVITIES, HOMEMAKER PERSONAL CARE SERVICES, AND THE OPERATION OF A ROUND-THE-CLOCK RESIDENTIAL FACILITY.
FAIRHAVEN INDUSTRIES, INC. OFFERS ADULT DAY SERVICES, TRANSPORTATION SERVICES, AND RESIDENTIAL SERVICES TO ADULTS WITH DEVELOPMENTAL DISABILITIES. WORKSHOPS OFFER CLIENTS THE OPPORTUNITY TO WORK AND EVEN EARN A PAYCHECK AND LEARN SOCIAL SKILLS. TRANSPORTATION SERVICES ARE NON-MEDICAL SERVICES THAT ENABLE CLIENTS TO TRAVEL TO AND FROM DAY PROGRAMS, WORK, COMMUNITY OUTINGS, AND TO FULFILL DAILY NEEDS. RESIDENTIAL SERVICES INCLUDE GROUP ACTIVITIES, HOMEMAKER PERSONAL CARE SERVICES, AND THE OPERATION OF A ROUND-THE-CLOCK RESIDENTIAL FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Paroz Executive Di | OfficerTrustee | 40 | $92,640 |
George Economides President | OfficerTrustee | 1 | $0 |
Gene Francisco Vice Preside | OfficerTrustee | 1 | $0 |
Marie Hillman Treasurer | OfficerTrustee | 1 | $0 |
Ronald Mcintosh Secretary | OfficerTrustee | 1 | $0 |
Diane Corbin Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $810,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,139 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $819,139 |
| Total Program Service Revenue | $4,601,148 |
| Investment income | $698 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,558 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,422,840 |
| 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. | $92,640 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,258,084 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,979 |
| Payroll taxes | $245,187 |
| Fees for services: Management | $17,627 |
| Fees for services: Legal | $3,182 |
| Fees for services: Accounting | $32,127 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,412 |
| Advertising and promotion | $457 |
| Office expenses | $122,368 |
| Information technology | $16,231 |
| Royalties | $0 |
| Occupancy | $90,950 |
| Travel | $313,299 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,296 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,984 |
| Insurance | $122,230 |
| All other expenses | $24,674 |
| Total functional expenses | $4,584,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,882,006 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,139 |
| 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 | $3,130 |
| Net Land, buildings, and equipment | $143,556 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,155,831 |
| Accounts payable and accrued expenses | $217,852 |
| 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 | $136,259 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $354,111 |
| Net assets without donor restrictions | $1,801,720 |
| 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 | $2,155,831 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fairhaven Industries Inc has recieved totaling $15.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Opportunity Enterprises Inc Valparaiso, IN | $17,973,324 | $20,835,387 |
Cambria County Association For The Blind & Handicapped Inc Johnstown, PA | $104,936,762 | $37,191,994 |
Svrc Industries Inc Saginaw, MI | $26,910,154 | $10,824,855 |
Saw Inc Maple Heights, OH | $6,395,410 | $10,960,526 |
Richland Newhope Industries Inc Mansfield, OH | $8,935,690 | $8,394,692 |
Weaver Industries Inc Akron, OH | $6,119,573 | $9,368,029 |
Tac Industries Inc Springfield, OH | $17,661,661 | $9,778,253 |
Bi-County Services Inc Bluffton, IN | $7,324,940 | $7,807,647 |
Workshops Inc Canton, OH | $5,457,390 | $7,999,125 |
Alpha Group Of Delaware Inc Delaware, OH | $7,565,752 | $7,411,638 |
Lark Enterprises Inc New Castle, PA | $2,089,154 | $5,664,485 |
Jackson County Developmental Center Inc Millwood, WV | $3,126,310 | $5,044,000 |