Fellowship Village Inc

Nonprofit profile at a glance

EIN
223146725
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Basking Ridge, NJ, USA
Phone
9085803805
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Supportive Housing for Older Adults

Official website

Reported finances

Revenue
$61,578,966
Expenses
$69,419,302
Assets
$191,838,315
Liabilities
$162,291,202

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

Leadership & pay

22 people listed

Executive titles in this filing

  • BRIAN G LAWRENCE (PRESIDENT & CEO)
  • MARK AGUILAR (EXECUTIVE DIRECTOR)

Highest reported compensation

  • BRIAN G LAWRENCE (PRESIDENT & CEO): $835,231 total reported compensation
  • MARK F MAZZELLA (CHIEF FINANCIAL OFFICER): $317,522 total reported compensation
  • DR ARTHUR SHEPPELL (MEDICAL DIRECTOR): $269,923 total reported compensation

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

Overview

Mission

To create innovative opportunities to enrich the lives of older adults

What it reported doing in 2024

Fellowship village, inc, operating out of basking ridge, New Jersey, is a not-for-profit faith based provider of senior living communities, services and programs and embodies a culture of hospitality and excellence. We serve seniors of all beliefs and backgrounds who wish to enjoy independence, fellowship, compassionate care and access to a wide range of services including life plan community (continuing care retirement community/ccrc), independent living, assisted living, memory care, skilled nursing, rehabilitation, therapy at home, fitness training, home care, concierge services, hospice, medical services, care management and long term care plans.continued on schedule o.fellowship village serves over 400 residents and on its campus has 257 apartments, villas, cottages, and freestanding homes that comprise the independent living section of the community. Fellowship village offers a full continuum of services from independent living to respite care. Fellowship has 81 assisted living rooms which also have a specialized memory care program and 54 skilled nursing beds. Residents are supported by the rehabilitation and wellness center and medical center of the community. Fellowship village also offers home community based services that are designed to deliver services to seniors inside their own home. Fellowship village offers more than 30 resident and member driven clubs, activities, and committees for those wanting a more active lifestyle.

Operating model

Revenue model
Other-operating. 94% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 94% 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. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 77
  • Accountability: 95
  • Sustainability: 32
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 96.9%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 39th 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: -12.7%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 2.76; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.85; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 2.1%; rating input score 54; 54th percentile among comparable filings

Growth

  • Program expense growth: 8.4% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 4.4% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 5.2% per year; rating input score 100; 38th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 96.9% of spending went to programs
  • Governance: 10 of 11 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $67.3M in reported program spending
  • Leadership: top reported pay $835K · 22 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $14.9M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 8 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.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.
  • Review — Sustainability: Officer compensation ratio scored 54/100.