Fab Inc

Nonprofit profile at a glance

EIN
043203317
IRS 990-EZ coverage
2009–2024
Forms available
Form 990-EZ 2024
Location
Hingham, MA, USA
Phone
7813353023
Rating
91
Verdict
STRONG
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Reported finances

Revenue
$77,948
Expenses
$87,454
Assets
$287,606
Liabilities
$294,686

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

People named in this filing

  • MEGAN BETTENCOURT (DIRECTOR)
  • PATRICK O'BRIEN (DIRECTOR)
  • ROBERT FALCONI (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide certain housing and related services to low-income, developmentally disabled individuals.

What it reported doing in 2024

Provided housing and related services to individuals with developmental disabilities at a residence at 664 country way, scituate, ma, in conjunction with and through a controlling entity, the arc of the south shore, inc.

Operating model

Revenue model
Donor-supported. 73% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 100
  • Sustainability: 43
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94%; rating input score 94
  • Program expense ratio: 83.7%; rating input score 84

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -12.2%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 3.29; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 1.02; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 3.8% per year; rating input score 100; 59th percentile among comparable filings
  • Revenue growth: 2.9% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: -0.8% per year; rating input score 0; 35th percentile among comparable filings

Details

  • Where the money goes: 94% of revenue deployed · 83.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $73K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 29/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.