Fellowship Square

What it reported doing in 2024

Christian care retirement apartments, inc. D.b.a. 'fellowship square and 'fellowship square phoenix' is located in phoenix, az. Fellowship square phoenix is a 265-unit independent senior living community. The community includes a 'village center' common area for activities, restaurant-style dining room, garden cafe with free wi-fi, library, exercise room, beauty salon, swimming pool & heated spa. Services include senior fitness program, cable television, 25 meals per month, semi-monthly housekeeping, scheduled transportation to doctors, grocery stores & banks, recreational activities, chaplain services, computer workstations with internet access & 24-hour security with an emergency call system. Christian care is an active participant in quality first, a covenant for healthy, affordable, and ethical (cont'd on sch. O) aging services in association with leading age and the health services advisory group (hsag). Founded in 1979, the christian care companies began with 96 units of subsidized housing and a 60-bed nursing center on the phoenix campus. The nursing center cornerstone quotes psalm 71:9, cast me not off in the time of old age; forsake me not when my strength faileth.the organization is one of 17 related tax-exempt christian care companies (the names of the other 16 are listed on schedule r) who provide housing, hospitality, and healthcare services for very-low-to-middle income Arizona seniors. 16 of the christian care companies were founded by the nondenominational christian churches of Arizona and are governed by corporate boards of directors. Christian care management has controlling interest in the 17th related tax exempt entity, home health care, inc. Dba covenant home health, which provides home health services to seniors and others who need skilled medical care within the comfort and privacy of their own homes.at december 31, 2024, the christian care companies own and operate 1,990 units of middle-income, market-rate independent, assisted, and memory care units for seniors on six campuses, 338 units of subsidized housing, and a 20-bed rehabilitation center. In addition, we provide assisted living services to up to 107 residents of our subsidized housing.benefits of being part of a christian care community typically include shared housekeeping; maintenance and security services, including call button monitoring; access to private scheduled transportation; and computer labs with high-speed internet. Residents typically have entree to on-campus food service venues, entertaining activity programs, health & wellness opportunities, and chaplaincy services.

Financial Efficiency

• Mission deployment rate: 76.2%; rating input score 76
• Program expense ratio: 77.5%; rating input score 77
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 88.9%; rating input score 89; 20th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -1.9%; rating input score 27; 27th percentile among comparable filings
• Total-asset coverage ratio: 3.69; rating input score 78; 78th percentile among comparable filings
• Liabilities to assets ratio: 0.72; rating input score 12; 12th percentile among comparable filings
• Officer compensation ratio: 3.5%; rating input score 65; 65th percentile among comparable filings

Growth

• Program expense growth: 2.6% per year; rating input score 100; 25th percentile among comparable filings
• Revenue growth: 2.6% per year; rating input score 100; 24th percentile among comparable filings
• Asset growth: 7.8% per year; rating input score 100; 49th percentile among comparable filings