Overview
What is Fairhaven Industries Inc?
Fairhaven Industries Inc is a nonprofit organization based in Warren, Ohio, with a team of 427 employees. Their primary mission is to offer services tailored to individuals with developmental disabilities, including adult day programs, transportation services, and residential facilities. The organization values person-centered planning and aims to expand its offerings to reach as many potential clients as possible. Fairhaven Industries Inc fosters a team-oriented environment, promoting positive training and career opportunities tailored to each individual's personal goals. Their workshops provide clients with work opportunities and social skill development, while their transportation services enable clients to access day programs, work, and community outings. Residential services include group activities, homemaker personal care, and round-the-clock care. Their ultimate goal is to help individuals with developmental disabilities achieve their dreams and goals while fostering relationships within and outside the workplace.
Official website here: www.fairhavenindustries.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
Fairhaven Industries Inc has achieved a Three-Star rating from Charity Navigator, indicating a satisfactory level of accountability and financial performance. The overall score is primarily based on its strong commitment to financial management, with no material diversions of assets reported and a healthy liabilities-to-assets ratio of 29.19%. This reflects a stable financial position, which is crucial for sustaining its operations.
The organization demonstrates transparency and adherence to best practices, as evidenced by its comprehensive policies on conflicts of interest, whistleblower protections, and document retention. Its program expense ratio of 77.58% suggests that a significant portion of its expenditures directly supports its mission-driven activities, highlighting its focus on effective program delivery.
However, Fairhaven Industries did not score on the financial statements, indicating potential areas for improvement in financial reporting practices. Strengthening this aspect could enhance their overall evaluation and provide further assurance to donors and stakeholders about the organization’s fiscal health.
This AI summary has been generated from information found on Charity Navigator.
Is Fairhaven Industries Inc legitimate?
Fairhaven Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairhaven Industries 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: $103,701
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,771,869
For more financial information, click here
Official website here: www.fairhavenindustries.com
What is the mission statement of Fairhaven Industries Inc?
Fairhaven Industries Inc's mission is centered around providing top-notch services while maintaining a wide range of program options. They believe in personalized, innovative planning as the foundation for delivering excellent services and developing new programs. The company prioritizes teamwork and positive training, treating all employees as team members. Their strategic plan aims to guide them into the future, providing a diverse array of services. Fairhaven Industries Inc's main goal is to assist individuals in achieving their dreams and objectives on an individual basis, fostering relationships within and beyond the workplace. They aspire to offer tailored careers and programs that align with each individual's personal goals, with the vision of becoming the leading provider of choice in their field.
Official website here: www.fairhavenindustries.com
What is the revenue of Fairhaven Industries Inc?
Fairhaven Industries Inc's revenue in 2023 was $5,343,544.
Official website here: www.fairhavenindustries.com
Who are the executives of Fairhaven Industries Inc and what are their salaries?
The average compensation at Fairhaven Industries Inc during 2023 was $9,862. There are 393 employees at Fairhaven Industries Inc.
Here are 10 key members and their salaries:
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Official website here: www.fairhavenindustries.com
Where can I find the form 990 for Fairhaven Industries Inc?
Fairhaven Industries Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fairhavenindustries.com
Learn more at the official website: www.fairhavenindustries.com
Mission Statement of Fairhaven Industries Inc
Fairhaven Industries Inc is dedicated to providing exceptional services while maintaining a wide range of program options, aiming to reach every potential individual. Their mission statement emphasizes the importance of person-centered, free-thinking planning as the foundation for delivering excellent services and developing innovative programs and careers. The organization believes in fostering a team-first environment, where all employees are considered team members and work collaboratively to create a strategic plan for the future. Fairhaven Industries Inc's primary goal is to assist individuals who choose their program in achieving their dreams and goals on an individual basis while nurturing relationships within and outside the workplace. They strive to offer tailored careers and programs that align with each individual's personal goals, aspiring to be the leading provider of choice in their area. Their vision is to provide diverse and excellent support, demonstrating a commitment to delivering top-notch services and making a significant impact in their field.
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Impact
October, 2024
Fairhaven Industries Inc significantly impacts individuals with developmental disabilities by providing a comprehensive range of services tailored to enhance their quality of life and promote personal growth. The organization focuses on person-centered planning, ensuring that each participant's unique dreams and goals guide their experience.
By offering adult day services, clients have opportunities to engage in meaningful work within workshops that not only allow them to earn a paycheck but also help them develop vital social skills. These workshops foster a sense of community and belonging, enabling participants to build relationships both inside and outside the workplace.
Additionally, Fairhaven Industries provides essential non-medical transportation services, facilitating easier access to day programs, employment, and community outings. This service enhances their autonomy and social integration, critical components for individual empowerment.
Residential services further complement their offerings, providing structured environments that include group activities and personal care, ensuring that clients receive comprehensive support around the clock. The organization’s commitment to teamwork and positive training fosters a culture where employees are viewed as integral members of a larger mission, ultimately striving to be the leading provider of choice in the region.
Through its diverse programs and unwavering dedication to personalized support, Fairhaven Industries Inc plays a pivotal role in enhancing the lives of individuals with developmental disabilities, helping them pursue their goals and contribute meaningfully to society.
This information is meant to be a general summary of Fairhaven Industries 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 2023.
- Investment Income: $6,830
- Program Service Revenue: $4,900,306
- Gross Receipts: $5,343,544
Assets and Liabilities:
- Total Assets: $2,781,232
- Total Liabilities: $811,975
- Net Assets: $1,969,257
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES AND SERVICES
Revenue
$4,900,306
Organization Details
Founding Year
1967
Principal Officer
George Economides
Website
www.fairhavenindustries.comNTEE Category
Code: J33Z - Employment
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