Fairhaven Apartments Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237333862 ✦ Lawrenceburg, IN ✦ Designated as a 501(c)(4)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Fairhaven Apartments Inc?

Fairhaven Apartments Inc is a nonprofit organization situated in Lawrenceburg, Indiana, with a specific focus on providing affordable housing solutions for low-income elderly individuals. Based at 455 ST CLAIR 112, the organization manages 65 apartments in and around the Lawrenceburg area, fulfilling its mission to cater to the unique needs and living requirements of its eligible occupants, as determined by the Rural Economic and Community Development Agency of the Farmers Home. With a dedicated team of five employees, Fairhaven Apartments Inc aims to improve the quality of life for the elderly population in their community.

Is Fairhaven Apartments Inc legitimate?

Fairhaven Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Fairhaven Apartments 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: $21,478
Professional Fundraising Fees: $0
Other Salaries and Wages: $32,880

For more financial information, click here

What is the mission statement of Fairhaven Apartments Inc?

Fairhaven Apartments Inc's mission is centered around providing affordable rental housing arrangements for low-income senior citizens. Their primary objective is to manage and operate rental housing and related facilities that cater to the unique needs and living requirements of eligible residents, as determined by the Rural Economic and Community Development Agency of the Farmers Home. The organization aims to offer housing solutions that meet the specific needs of these senior citizens, ensuring they can live comfortably within their means. Fairhaven Apartments Inc operates 65 such apartments in and around Lawrenceburg, Indiana, serving the elderly population who fall under the low-income category.

Who is the CEO of Fairhaven Apartments Inc?

Butch Flaspohler is the Board Member of Fairhaven Apartments Inc.

What is the revenue of Fairhaven Apartments Inc?

Fairhaven Apartments Inc's revenue in 2022 was $923,518.

Who are the executives of Fairhaven Apartments Inc and what are their salaries?

The average compensation at Fairhaven Apartments Inc during 2022 was $10,872. There are 5 employees at Fairhaven Apartments Inc.


Here are 4 key members and their salaries:


John Kime (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Butch Flaspohler (Treasurer)
  • Compensation: $21,478
  • Related: $0
  • Other: $0
Gerald L King (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles F Mcnimery (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Fairhaven Apartments Inc?

Fairhaven Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Fairhaven Apartments Inc

Fairhaven Apartments Inc is dedicated to providing affordable housing solutions for low-income senior citizens. Their mission is to manage and operate rental housing and related facilities that cater to the unique needs and living requirements of eligible occupants, as determined by the Rural Economic and Community Development Agency of the Farmers Home. By doing so, Fairhaven Apartments Inc aims to offer a comfortable living space for eligible elderly individuals, ensuring they have a suitable place to call home.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

Fairhaven Apartments Inc plays a crucial role in enhancing the quality of life for low-income senior citizens in Lawrenceburg, Indiana. By providing affordable rental housing, it addresses the critical need for secure and accessible living arrangements for elderly individuals who may be facing financial constraints.

With 65 apartments specifically designed to meet the needs of eligible low-income seniors, Fairhaven Apartments Inc fosters a supportive community where residents can enjoy independence while having access to amenities that cater to their requirements. This initiative not only alleviates housing insecurity but also promotes social interaction and well-being among its occupants.

The organization is committed to ensuring that its facilities align with the special living requirements of seniors, as recognized by the Rural Economic and Community Development Agency. Through its efforts, Fairhaven Apartments Inc contributes significantly to the stability and dignity of elderly residents, making it an integral part of the local community in Lawrenceburg.




This information is meant to be a general summary of Fairhaven Apartments 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.

Revenue
$923,518 (2022)
201120122013201420152016201720182019202020212022$0$300k$600k$900k$1.2M
Expenses
$292,578 (2022)
201120122013201420152016201720182019202020212022$0$75,000$150k$225k$300k
Efficiency
2011201220132014201520162017201820192020202120220%3%6%9%13%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $63
  • Program Service Revenue: $238,251
  • Gross Receipts: $923,518

Assets and Liabilities:

  • Total Assets: $1,758,767
  • Total Liabilities: $179,780
  • Net Assets: $1,578,987

Want to help this charity, for free? You can click here to learn more about Give Freely

Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$232,497

LAUNDRY INCOME

Revenue

$4,629

MISCELLANEOUS INCOME

Revenue

$1,125

Organization Details

Founding Year

1974

Principal Officer

Butch Flaspohler

Main Address

455 ST CLAIR 112, LAWRENCEBURG, IN, 47025

NTEE Category

Code: L22 - Housing

If you are a representative of Fairhaven Apartments Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.