Overview
What is Fellowship Realty Corp Of Massachusetts Inc?
Fellowship Realty Corp of Massachusetts Inc is a real estate corporation that owns a property in Rhode Island, specifically at 24 Albion Road Suite 420, Lincoln. The corporation leases this property to VinFen, a 501(c)(3) nonprofit organization. VinFen specializes in providing behavioral health services using an engaging and productive environment. By leasing to VinFen, Fellowship Realty is able to maintain rental costs within the state of Massachusetts' approved contract budgets, contributing to the provision of essential services for the community.
Official website here: www.fhr.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, Two-Star out of Four Star rating.
Fellowship Realty Corp Of Massachusetts Inc has received a Two-Star rating due to a score of 72%, primarily based on its Accountability & Finance metrics. The organization demonstrates some strong practices, such as having a conflict of interest policy, a whistleblower policy, and maintaining documentation of board meeting minutes. Additionally, they have no material diversion of assets, which reflects positively on their financial integrity.
However, the organization faces challenges in certain areas that impact its overall score. The lack of independent board members is a significant concern, with only 37% of board members being independent. Moreover, the high liabilities to assets ratio of 80.37% raises questions about financial stability. While they excel in program expenses, achieving a 100% ratio, the absence of their tax form on the nonprofit's website is a notable shortcoming that contributes to their lower rating.
This AI summary has been generated from information found on Charity Navigator.
Is Fellowship Realty Corp Of Massachusetts Inc legitimate?
Fellowship Realty Corp Of Massachusetts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fellowship Realty Corp Of Massachusetts Inc 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
Official website here: www.fhr.net
What is the mission statement of Fellowship Realty Corp Of Massachusetts Inc?
Fellowship Realty Corp of Massachusetts Inc. maintains affordable rental costs through a lease agreement with Vinfen, a non-profit human services organization. This partnership allows Fellowship Realty to adhere to state-approved contract budgets. Vinfen, operating as a 501(c)(3), uses the leased property to provide behavioral health services in a productive and engaging environment. While Fellowship Realty does not have a traditional mission statement, its actions demonstrate a commitment to supporting organizations that contribute to community well-being.
Official website here: www.fhr.net
Who is the CEO of Fellowship Realty Corp Of Massachusetts Inc?
Kristen Guilfoyle is the Dir, Executive Director Of Fhr of Fellowship Realty Corp Of Massachusetts Inc. The CEO's salary of Fellowship Realty Corp Of Massachusetts Inc is $0 and their total compensation is $531,037.
Official website here: www.fhr.net
What is the revenue of Fellowship Realty Corp Of Massachusetts Inc?
Fellowship Realty Corp Of Massachusetts Inc's revenue in 2022 was $31,544.
Official website here: www.fhr.net
Who are the executives of Fellowship Realty Corp Of Massachusetts Inc and what are their salaries?
There 3 volunteers at Fellowship Realty Corp Of Massachusetts Inc.
Here are 11 key members and their salaries (Fellowship Realty Corp Of Massachusetts Inc's CEO's salary is $0 and their total compensation is $531,037):
- Compensation: $0
- Related: $475,885
- Other: $55,152
- Compensation: $0
- Related: $392,401
- Other: $54,401
- Compensation: $0
- Related: $346,260
- Other: $49,685
- Compensation: $0
- Related: $218,446
- Other: $37,908
- Compensation: $0
- Related: $199,782
- Other: $23,797
- Compensation: $0
- Related: $121,080
- Other: $28,018
- Compensation: $0
- Related: $122,612
- Other: $19,908
- Compensation: $0
- Related: $80,934
- Other: $29,653
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.fhr.net
Where can I find the form 990 for Fellowship Realty Corp Of Massachusetts Inc?
Fellowship Realty Corp Of Massachusetts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fhr.net
Learn more at the official website: www.fhr.net
Mission Statement of Fellowship Realty Corp Of Massachusetts Inc
Fellowship Realty Corp of Massachusetts Inc plays a unique role in supporting a nonprofit human services organization, Vinfen. By leasing one of its properties to Vinfen, Fellowship Realty contributes to the maintenance of rental costs within the state-approved budgets. Vinfen, a 501(c)(3) organization, utilizes this property to provide behavioral health services in a productive and engaging environment. In essence, Fellowship Realty's mission involves supporting Vinfen's mission to offer vital behavioral health services, thereby contributing to the betterment of the community.
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Impact
August, 2024
Fellowship Realty Corp Of Massachusetts Inc's impact lies in providing a residence that is leased to Vinfen, a human services organization that offers behavioral health services. By leasing property to Vinfen, Fellowship Realty Corp Of Massachusetts Inc contributes to creating a productive and engaging environment for individuals in need of such services. This allows for maintaining rental costs within the state of Massachusetts approved contract budgets, ultimately supporting the mission of both organizations.
This information is meant to be a general summary of Fellowship Realty Corp Of Massachusetts Inc. 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.
- Program Service Revenue: $31,544
- Gross Receipts: $31,544
Assets and Liabilities:
- Total Assets: $323,584
- Total Liabilities: $270,000
- Net Assets: $53,584
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$31,544
Organization Details
Founding Year
2006
Phone
(401) 333-3980Principal Officer
Kristen Guilfoyle
Main Address
24 Albion Road Suite 420, Lincoln, RI, 02865
Website
www.fhr.netNTEE Category
Code: L20 - Housing
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