Overview
What is Fairmont Health Svcs Inc?
Fairmont Health Svcs Inc is a social services organization situated in Newark, New Jersey. With a team of five dedicated individuals, they operate a residential homeless shelter. Their primary mission is to provide essential services to individuals in need, offering shelter, nutritious meals, and additional support. The City of Newark's Department of Citizen Services funds this program, which aims to assist those who are homeless by offering a safe and nurturing environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars (42%)
Fairmont Health Svcs Inc has received a low rating of 0 stars from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score of 42% is primarily driven by deficiencies in governance and transparency, with notable issues such as the absence of a website on the tax form and missing conflict of interest, whistleblower, and document retention policies.
The organization does exhibit some strengths, particularly in its program expense ratio, which stands at an admirable 78.27%. This suggests that a substantial portion of its resources is being allocated towards its programs rather than administrative costs. However, the board's effectiveness is called into question, with only 33% independent members and a lack of independent board oversight, which contributes negatively to its accountability score.
These governance issues highlight a lack of adherence to best practices in nonprofit management, which could impact donor confidence and engagement. While the organization is achieving its programmatic goals, without improvements in transparency and governance, it may struggle to maintain or grow its support base.
This AI summary has been generated from information found on Charity Navigator.
Is Fairmont Health Svcs Inc legitimate?
Fairmont Health Svcs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairmont Health Svcs 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
What is the mission statement of Fairmont Health Svcs Inc?
Fairmont Health Services Inc, as a social services organization, operates a residential homeless shelter. Their primary objective is to provide essential services to individuals in need, including meals and shelter. Beyond these basic necessities, they also offer ancillary services to support their residents. The organization's shelter service program is funded by the City of Newark's department of citizen service, with the goal of offering aid to those who are homeless.
Who is the CEO of Fairmont Health Svcs Inc?
Dr William E Shelton Jr is the Executive Ceo of Fairmont Health Svcs Inc. The CEO's salary of Fairmont Health Svcs Inc is $32,911 and their total compensation is $32,911.
What is the revenue of Fairmont Health Svcs Inc?
Fairmont Health Svcs Inc's revenue in 2022 was $487,512.
Who are the executives of Fairmont Health Svcs Inc and what are their salaries?
There are 5 employees and 6 volunteers at Fairmont Health Svcs Inc.
Here are 3 key members and their salaries (Fairmont Health Svcs Inc's CEO's salary is $32,911 and their total compensation is $32,911):
- Compensation: $32,911
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $70,211
- Related: $0
- Other: $0
Where can I find the form 990 for Fairmont Health Svcs Inc?
Fairmont Health Svcs Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fairmont Health Svcs Inc
Fairmont Health Services, as a social services organization, is committed to making a difference in the lives of those in need. Specifically, they own and operate a residential homeless shelter, providing essential services beyond just shelter and food. This shelter program, funded by the City of Newark's Department of Citizen Services, is designed to assist individuals who are experiencing hardships by offering them a safe and nourishing environment. Fairmont Health Services' mission is to support these individuals in their time of need, providing them with the necessary resources to begin their journey towards stability.
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Impact
July, 2024
Fairmont Health Services Inc's impact is significant in the community of Newark, New Jersey. Through its residential homeless shelter, the organization provides crucial services such as meals, shelter, and ancillary support to those in need. By offering a safe space for individuals experiencing homelessness, Fairmont Health Services Inc plays a critical role in addressing housing insecurity and supporting vulnerable populations in the city. Additionally, the organization's Shelter Service Program, funded by the City of Newark Department of Citizen Service, further demonstrates its commitment to helping those in need access essential resources. Overall, Fairmont Health Services Inc's work directly contributes to improving the well-being and stability of individuals facing housing challenges in Newark.
This information is meant to be a general summary of Fairmont Health Svcs 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: $487,512
- Gross Receipts: $487,512
Assets and Liabilities:
- Total Assets: $507,683
- Total Liabilities: $330,052
- Net Assets: $177,631
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Essex County Department of citizen Service
City of Newark
Revenue
$487,512
Organization Details
Founding Year
1994
Phone
(973) 643-7705Principal Officer
Dr William E Shelton Jr
Main Address
PO Box 3205, Newark, NJ, 07103
NTEE Category
Code: L41 - Housing
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