First Association Properties Inc
Nonprofit profile at a glance
- EIN
- 043088163
- IRS 990-EZ coverage
- 2016–2024
- Forms available
- Form 990 2015, Form 990-EZ 2024
- Location
- Chicopee, MA, USA
- Phone
- 4137345376
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $185,459
- Expenses
- $144,074
- Assets
- $498,183
- Liabilities
- $322,283
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- CHERYL FASANO (PRESIDENT & CEO)
People named in this filing
- JACQUELINE JOHNSON (DIRECTOR (EFF 10/2024))
- DENISE COGMAN (DIRECTOR)
- MARIA PUPPOLO (DIRECTOR (THRU 10/2024))
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 organization provides residential and support services that promote independence, community engagement, wellness and recovery for people with disabilities and other vulnerable individuals.
What it reported doing in 2024
The organization operated a 4-bedroom and a 5-bedroom group home under section 202 of the national housing act. The group homes house people with disabilities.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 82
- Sustainability: 71
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68%; rating input score 68
- Program expense ratio: 87.5%; rating input score 87
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 22.3%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 3.46; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.65; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 0% per year; rating input score 100; 30th percentile among comparable filings
- Revenue growth: 2.1% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: -1.5% per year; rating input score 0; 23rd percentile among comparable filings
Details
- Where the money goes: 68% of revenue deployed · 87.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $126K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 24 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 — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.