Fidelity Resources Incorporated
- Assets
- $5.4m
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 94
- Location
- Towson, MD
- Founding
- 06/2002
- Data as of
- 06/2021
- EIN
- 52-2353644
Organization Overview
Fidelity Resources Incorporated is located in Towson, MD. The organization was established in 2002. 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, Fidelity Resources Incorporated employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fidelity Resources Incorporated 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, Fidelity Resources Incorporated generated $13.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $9.5m during the year ending 06/2021. While expenses have increased by 10.6% 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
TO PROVIDE RESOURCES, QUALITY CARE AND SUPPORTIVE SERVICES TO INDIVIDUALS WITH DISABILITY AND SPECIAL NEEDS TO ATTAIN THE HIGHEST LEVEL OF COMMUNITY LIVING AND SUCCESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR FIDELITY RESOURCES, INC SERVED 126 CLIENTS, PROVIDING QUALITY CARE THAT ENHANCED THE QUALITY OF LIFE FOR THE POPULATION THAT WE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christiana Oparah Executive Director | Officer | 40 | $0 |
Christian Duru Chief Financial Officer | Officer | 40 | $0 |
Ogechi Ekecha Director-Bod Duputy Chair | Trustee | 0 | $0 |
Carol Wiecheldoffer Director-Bod Secretary | Trustee | 0 | $0 |
Eunan Onyema Director-Bod Chairman | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| 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 | $13,537,052 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $6,164,764 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $128,606 |
| Payroll taxes | $348,690 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $577,798 |
| Travel | $11,868 |
| 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 | $0 |
| Insurance | $194,310 |
| All other expenses | $0 |
| Total functional expenses | $9,492,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $827,998 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,095 |
| 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 |
| Investments—publicly traded securities | $3,700,531 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,951 |
| Total assets | $5,393,131 |
| Accounts payable and accrued expenses | $59,061 |
| 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 | $59,061 |
| 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 |
| Total liabilities and net assets/fund balances | $5,334,070 |
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