Fairview Housing Partners Ltd

Nonprofit profile at a glance

EIN
882491672
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-N 2022
Location
New York, NY, USA
Phone
4245772266
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$5,662,984
Expenses
$8,543,033
Assets
$3,817,616
Liabilities
$1,103,047

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

Leadership & pay

4 people listed

People named in this filing

  • JEREMY BRONFMAN (DIRECTOR)
  • SAM SIDHU (DIRECTOR)
  • DAVID BOCCIO (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Fairview housing partners is dedicated to expanding access to quality, affordable homes in communities where they are most needed. Our acquisition and development work includes: * owning and developing affordable housing properties through joint ventures with industry partners * preserving affordability restrictions on existing apartments, particularly those that are at risk of converting to market-rate * expanding affordability restrictions to previously unrestricted conventional "naturally occurring affordable housing" * facilitating capital investments that improve the physical condition, sustainability and resiliency of affordable homes

What it reported doing in 2024

Fairview housing partners provided resident services to residents of 10 low-to-moderate income communities across the country. The services provided include on-site resource day fairs for families bringing a multitude of community partners together and showcase their services, resident surveys to better understand the needs of residents, and an eight-week afterschool program for children grades fourth through eighth with curriculum developed by the baseball hall of fame. Three additional communities received call center support offering financial counseling, wellness seminars and language support. During 2024, the organization notes the following accomplishments:1000 residents attended family resource days.90 community partners joined fairview hosted resource days at 10 communities.48 youth from six different communities participated in after school activities.20 youth attended the play ball park event in conjunction with the mlb's all star game.fairview acted as the intermediary for the grants, which were incorporated into the capital stock of three properties across two states, resulting in the creation of 389 affordable housing units. The subordinate lending structure helps fill critical financing needs that support the development and long-term preservation of affordable multifamily housing communities.

Operating model

Revenue model
Grant-funded. 79% of the money available for current operations came from government grants.
Distribution model
Grant intermediary. The nonprofit sent 94% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 100
  • Accountability: 69
  • Sustainability: 20
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 94.7%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -50.9%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0.45; rating input score 15; 15th percentile among comparable filings
  • Liabilities to assets ratio: 0.29; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 185.2% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: -12.2% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -46.7% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 94.7% of spending went to programs
  • Governance: 2 of 3 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $8.1M in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Highest-paid contractors: 1 contractor listed · $474K reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 8 filed schedules · includes major donors and grants
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 23 filed related-organization links
  • 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.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 15/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.