Overview
What is Fanny Allen Holdings?
Fanny Allen Holdings is a nonprofit organization situated in Tewksbury, Massachusetts, specifically at 100 Ames Pond Drive 102. Its primary role is to support affiliated non-profit organizations by managing and supervising their real estate holdings. The organization ensures that the property is utilized in accordance with the teachings of the Roman Catholic Church, thereby upholding a strong ethical commitment. Fanny Allen Holdings' mission is to contribute to the charitable sector by providing oversight for real estate assets, ensuring their consistent use for noble causes.
What are the reviews and ratings of this charity?
Charity Navigator rating: 35%, Zero-Star out of Four Star rating.
Fanny Allen Holdings received a low rating of 35%, indicating significant concerns regarding its accountability and financial practices. The organization has only 33% independent board members, which raises questions about governance and oversight. Although it has a strong score for its audit and oversight committee, the lack of financial transparency is evident with missing documents, including their tax form and document retention policies.
The nonprofit does have some strengths, such as having a conflict of interest policy and a whistleblower policy in place, both of which are positive indicators of ethical practices. However, the overall low program expense ratio of 29.27% suggests that a limited portion of its expenditures is directed towards its programs, which is a critical factor for donors looking for effective organizations. The liabilities to assets ratio also points to potential financial stability concerns. Overall, stakeholders may want to exercise caution when considering support for this nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Fanny Allen Holdings legitimate?
Fanny Allen Holdings is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fanny Allen Holdings submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Fanny Allen Holdings?
Fanny Allen Holdings is committed to supporting not-for-profit organizations by managing and supervising real estate properties. They ensure that the use of these properties aligns with the teachings of the Roman Catholic Church. Their mission is to provide a conducive environment for these organizations to carry out their charitable activities, adhering to religious principles. By overseeing the real estate, they enable these organizations to focus on their primary objectives, thereby contributing to their overall success.
Who is the CEO of Fanny Allen Holdings?
Stephen W Forney is the Director of Fanny Allen Holdings.
What is the revenue of Fanny Allen Holdings?
Fanny Allen Holdings's revenue in 2022 was $1,031,068.
Who are the executives of Fanny Allen Holdings and what are their salaries?
There 1 volunteer at Fanny Allen Holdings.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $853,102
- Other: $37,161
- Compensation: $0
- Related: $458,680
- Other: $43,463
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $512,632
- Other: $43,368
Where can I find the form 990 for Fanny Allen Holdings?
Fanny Allen Holdings's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fanny Allen Holdings
Fanny Allen Holdings, a not-for-profit organization, is dedicated to assisting its affiliated counterparts by managing and overseeing real estate properties. The organization's mission is rooted in ensuring that these properties are utilized in accordance with the teachings of the Roman Catholic Church. By taking on this role, Fanny Allen Holdings contributes to the success and operations of various not-for-profit organizations, providing them with the necessary infrastructure to carry out their respective missions. The organization's involvement allows these not-for-profits to focus on their core objectives, while Fanny Allen Holdings ensures that the real estate element of their operations aligns with their religious and ethical guidelines.
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Impact
July, 2024
Fanny Allen Holdings supports affiliated not-for-profit organizations by holding and overseeing real property and ensuring that it is used in a manner consistent with the teachings of the Roman Catholic Church. This support is crucial in enabling these organizations to carry out their missions effectively, particularly in the health sector. By providing this essential infrastructure support, Fanny Allen Holdings contributes to the overall impact and success of these not-for-profit organizations in serving their communities and fulfilling their charitable goals.
This information is meant to be a general summary of Fanny Allen Holdings. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$119,505
- Program Service Revenue: $1,150,573
- Gross Receipts: $1,322,747
Assets and Liabilities:
- Total Assets: $4,514,774
- Total Liabilities: $21,861
- Net Assets: $4,492,913
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental income
Revenue
$1,150,573
Organization Details
Founding Year
1894
Phone
(978) 654-6363Principal Officer
Stephen W Forney
Main Address
100 Ames Pond Drive 102, Tewksbury, MA, 01876
NTEE Category
Code: E00 - Health
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