Overview
What is Fairhaven South Inc?
Fairhaven South Inc, situated in Marion, Indiana, is a nonprofit organization with a primary mission to support the ministry programs and activities of World Gospel Mission. They achieve this goal by leasing a 104-bed skilled and intermediate care nursing facility, known as Oaks At Avon. This endeavor allows the nonprofit to raise necessary funds for the mission's various initiatives.
Official website here: www.wgm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Fairhaven South Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health, with a total score of 96%. This score is entirely derived from the Accountability & Finance beacon, indicating that the organization places a strong emphasis on financial transparency and responsible stewardship of resources.
The nonprofit excels in several key areas, including having a majority of independent board members (83%) and a solid financial oversight structure, as demonstrated by its perfect score in the Audit and Oversight Committee category. Additionally, the organization has no reported material diversions of assets, a low liabilities to assets ratio of 25.49%, and an impressive program expense ratio of 99.69%, which suggests that the vast majority of its funds are directed towards programmatic activities rather than administrative costs.
While the data presents a positive picture of Fairhaven South Inc's operations and governance, it is essential for potential donors and stakeholders to continue monitoring its performance and financial practices over time. Overall, the organization demonstrates a strong commitment to accountability and effective financial management, making it a trustworthy option for support.
This AI summary has been generated from information found on Charity Navigator.
Is Fairhaven South Inc legitimate?
Fairhaven South Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairhaven South 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.wgm.org
What is the mission statement of Fairhaven South Inc?
Fairhaven South Inc's mission is centered around supporting the ministry programs and activities of World Gospel Mission. To achieve this, the organization primarily focuses on raising funds. One of their significant initiatives involves leasing a 104-bed skilled and intermediate care nursing facility, which serves as a means to generate funds for the mission. The ultimate goal is to contribute to the ongoing ministry programs and activities of World Gospel Mission.
Official website here: www.wgm.org
Who is the CEO of Fairhaven South Inc?
Fay Turnbull is the Board Member of Fairhaven South Inc.
Official website here: www.wgm.org
What is the revenue of Fairhaven South Inc?
Fairhaven South Inc's revenue in 2022 was $921,343.
Official website here: www.wgm.org
Who are the executives of Fairhaven South Inc and what are their salaries?
There 5 volunteers at Fairhaven South Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $101,821
- Other: $89,603
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $69,476
- Other: $84,430
- Compensation: $0
- Related: $80,993
- Other: $23,017
Official website here: www.wgm.org
Where can I find the form 990 for Fairhaven South Inc?
Fairhaven South Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wgm.org
Learn more at the official website: www.wgm.org
Mission Statement of Fairhaven South Inc
Fairhaven South Inc, a nonprofit organization, is dedicated to supporting the ministry programs and activities of World Gospel Mission. The mission of Fairhaven South Inc is to raise funds through a unique approach - leasing a 104-bed skilled and intermediate care nursing facility. This strategic move allows the organization to contribute financially to the various initiatives and activities undertaken by World Gospel Mission, thereby furthering their collective goals. By leveraging this facility, Fairhaven South Inc plays a crucial role in providing essential resources to World Gospel Mission, thereby enabling them to carry out their mission more effectively.
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Impact
July, 2024
Fairhaven South Inc's impact is primarily focused on supporting the ministry programs and activities of World Gospel Mission through the leasing of a 104 bed skilled and intermediate care nursing facility. Their mission is to raise funds to support the ministry programs and activities of World Gospel Mission. This helps provide important healthcare services while also contributing to the broader goals of the mission organization.
This information is meant to be a general summary of Fairhaven South 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.
- Investment Income: $11,449
- Program Service Revenue: $909,894
- Gross Receipts: $1,001,204
Assets and Liabilities:
- Total Assets: $428,807
- Total Liabilities: $109,328
- Net Assets: $319,479
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$909,894
Organization Details
Founding Year
1992
Phone
(765) 671-7243Principal Officer
Fay Turnbull
Main Address
PO Box 948, Marion, IN, 46952
Website
www.wgm.orgNTEE Category
Code: E91 - Health
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