Fairhaven Homes Inc Co Carlin Martin

Nonprofit profile at a glance

EIN
521545215
IRS 990-EZ coverage
2018–2024
Forms available
Form 990-EZ 2024
Location
Hagerstown, MD, USA
Phone
3015731354
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Reported finances

Revenue
$54,148
Expenses
$23,051
Assets
$473,222
Liabilities
$385,578

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

Leadership & pay

3 people listed

Executive titles in this filing

  • CLIFTON MARTIN (President)

People named in this filing

  • CLIFTON MARTIN (President)
  • CARLIN MARTIN (Treasurer)
  • LEONARD HEGE (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

The primary purpose of Fairhaven Homes Inc. is supporting and benefitting The Washington County, Md., and The Franklin County, Penna., Home Mission Board, Inc., a Maryland corporation exempt from federal income tax under section 501(c)(3). In furtherance of that purpose, the mission of Fairhaven Homes, Inc. is to provide for the housing and financial security needs of the elderly, including without limitation, the operation and maintenance of an independent living facility for the elderly in Washington County, Maryland and Franklin County, Pennsylvania or such other place as determined by the Board of Directors from time to time.

What it reported doing in 2024

Fairhaven Homes Inc. operated and maintained an independent living facility for nine elderly people during the tax year ended August 31, 2025.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 82
  • Sustainability: 79
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 34.7%; rating input score 35
  • Program expense ratio: 81.4%; rating input score 81

Transparency & Controls

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

Sustainability

  • Operating margin: 57.4%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 20.53; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.81; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 6.6% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 8.2% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 3.6% per year; rating input score 100; 53rd percentile among comparable filings

Details

  • Where the money goes: 34.7% of revenue deployed · 81.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $19K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 7 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 35/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.