Fellowship Square Foundation Incorporated
- Assets
- $22.0m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 11
- Location
- Reston, VA
- Founding
- 07/1966
- Data as of
- 06/2022
- EIN
- 52-6067043
Organization Overview
Fellowship Square Foundation Incorporated is located in Reston, VA. The organization was established in 1966. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Fellowship Square Foundation Incorporated employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fellowship Square Foundation 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 06/2022, Fellowship Square Foundation Incorporated generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $4.9m during the year ending 06/2022. While expenses have increased by 10.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AFFORDABLE HOUSING FOR THE ELDERLY AND PHYSICALLY HANDICAPPED OR DISABLED PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELLOWSHIP SQUARE PROVIDES AFFORDABLE HOUSING AND SERVICES FOR OLDER ADULTS. WE OPERATE FOUR MULTI-HOUSING APARTMENT BUILDINGS THROUGHOUT THE WASHINGTON, D.C. REGION CONSISTING OF 670 TOTAL UNITS FOR NEARLY 800 OLDER ADULTS. THE LAKE ANNE FELLOWSHIP HOUSE HAS 240 AFFORDABLE UNITS SERVING OVER 300 RESIDENTS. THE PROPERTY HAS A MIX OF STUDIOS, 1BR AND 2BR UNITS. ALL THE PROPERTIES ARE REGULATED BY THE US HOUSING AND URBAN DEVELOPMENT (HUD) AGENCY AS TO AMOUNT OF RENT RESIDENTS PAY AND THE AMOUNT OF SUBSIDY WE RECEIVE FROM HUD TO OPERATE AND CARE FOR THE PROPERTY. LAKE ANNE FELLOWSHIP HOUSE IS CONVENIENTLY LOCATED IN THE HISTORIC LAKE ANNE SHOPPING DISTRICT WHICH INCLUDES STORES, RESTAURANTS, AND PERSONAL SERVICES SUCH AS BEAUTY SALONS AND THE RESTON COMMUNITY CENTER WHICH OFFERS EXERCISE CLASSES AND PERSONAL ENRICHMENT PROGRAMS. RESIDENTS ENJOY MANY TREE-LINED WALKING TRAILS AND NUMEROUS PROGRAMS, EVENTS, AND OTHER ACTIVITIES TO KEEP THEM HEALTHY, ACTIVE AND ENGAGED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Zeitz CEO | Officer | 37.5 | $166,540 |
Edward S Byrne Dir., Fsf, Pres, Lake Anne | OfficerTrustee | 0.1 | $0 |
Lois Ireland Dir., Fsf, Pres., Lake Anne | OfficerTrustee | 0.1 | $0 |
John Gray Treasurer, Fsf | OfficerTrustee | 0.75 | $0 |
Lynn Thomas Secretary, Fsf | OfficerTrustee | 0.4 | $0 |
Bob Thompson Secretary, Lake Anne | OfficerTrustee | 0.4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Miner Feinstein Architects Llc Architectural Svcs | 6/29/20 | $219,362 |
Alpha Security Inc Security Service | 6/29/20 | $109,437 |
Miner Feinstein Architects Llc Architectural Svcs | 6/29/20 | $219,362 |
Alpha Security Inc Security Service | 6/29/20 | $109,437 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $36,477 |
| Related organizations | $0 |
| Government grants | $95,208 |
| All other contributions, gifts, grants, and similar amounts not included above | $855,283 |
| Noncash contributions included in lines 1a–1f | $434,511 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $986,968 |
| Total Program Service Revenue | $5,395,725 |
| Investment income | $237,969 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $137,317 |
| Net Income from Fundraising Events | -$145 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,851,605 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $371,713 |
| 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. | $193,722 |
| Compensation of current officers, directors, key employees. | $29,058 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,182,515 |
| Pension plan accruals and contributions | $24,872 |
| Other employee benefits | $112,066 |
| Payroll taxes | $108,312 |
| Fees for services: Management | $179,954 |
| Fees for services: Legal | $54,523 |
| Fees for services: Accounting | $21,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,855 |
| Fees for services: Other | $450,231 |
| Advertising and promotion | $16,744 |
| Office expenses | $207,340 |
| Information technology | $24,985 |
| Royalties | $0 |
| Occupancy | $792,692 |
| Travel | $4,537 |
| 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 | $1,089,179 |
| Insurance | $0 |
| All other expenses | $30 |
| Total functional expenses | $4,932,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $748,995 |
| Savings and temporary cash investments | $272,516 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $386,283 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,307,525 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,599 |
| Net Land, buildings, and equipment | $249,222 |
| Investments—publicly traded securities | $9,705,303 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,287,316 |
| Total assets | $21,996,759 |
| Accounts payable and accrued expenses | $155,275 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $38,429 |
| 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 | $63,808 |
| Total liabilities | $257,512 |
| Net assets without donor restrictions | $21,526,520 |
| Net assets with donor restrictions | $212,727 |
| 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 | $21,996,759 |
Grants Awarded
Over the last fiscal year, Fellowship Square Foundation Incorporated has awarded $371,713 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Reston, VA PURPOSE: GENERAL OPERATIONS AND ASSISTANCE TO RESIDENTS | $217,525 |
Reston, VA PURPOSE: GENERAL OPERATIONS, ASSISTANCE TO RESIDENTS | $77,132 |
LAKE RIDGE ELDERLY DEVELOPMENT INC PURPOSE: GENERAL OPERATIONS, ASSISTANCE TO RESIDENTS | $77,056 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fellowship Square Foundation Incorporated has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Closet Of The Greater Herndon Area Inc Herndon, VA PURPOSE: TO ASSIST MISSION | $8,000 |
Endowment Analysis
| Beg. Balance | $212,727 |
| Ending Balance | $212,727 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Montgomery Housing Partnership Inc Silver Spring, MD | $117,127,971 | $17,924,784 |
Enterprise Community Loan Fund Inc Columbia, MD | $332,804,742 | $25,996,753 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
National Lutheran Inc Frederick, MD | $5,736,572 | $7,111,650 |
Transitional Housing Corporation Washington, DC | $11,247,775 | $11,673,050 |
Virginia Supportive Housing Richmond, VA | $30,778,021 | $11,444,363 |
Habitat For Humanity International Inc Memphis, TN | $13,622,959 | $12,248,424 |
Redwood Housing Inc North Bethesda, MD | $20,814,666 | $9,748,902 |
Housing Partnership Inc Louisville, KY | $43,644,315 | $10,025,390 |