Fellowship Apartments Inc
Fellowship Apartments Inc. consistently operates near break-even with no officer compensation, but frequently incurs minor deficits.
EIN: 20426306 · Concord, NH · NTEE: L20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $96K |
| Total Expenses | $104K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $100,000. |
| Net Assets | $21K |
| Transparency Score | 75/100 |
Is Fellowship Apartments Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fellowship Apartments Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fellowship Apartments Inc
Fellowship Apartments Inc (EIN: 20426306) is a nonprofit organization based in Concord, NH, classified under NTEE code L20Z. The organization reported total revenue of $96K and total assets of $390K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fellowship Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fellowship Apartments Inc is a micro nonprofit that has been operating for 32 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $97K |
| Total Expenses | $104K |
| Surplus / Deficit | $-6,525 |
| Total Assets | $476K |
| Total Liabilities | $454K |
| Net Assets | $21K |
| Operating Margin | -6.7% |
| Debt-to-Asset Ratio | 95.5% |
| Months of Reserves | 54.9 months |
Financial Health Grade: C
In 2024, Fellowship Apartments Inc reported a deficit of $7K with expenses exceeding revenue, holds 54.9 months of operating reserves (strong position), has a debt-to-asset ratio of 95.5% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Fellowship Apartments Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -1.7% | +4.2% | -9.3% |
| 2023 | +0.6% | +3.5% | +9.7% |
| 2022 | -11.7% | -12.1% | -0.4% |
| 2021 | +13.7% | +4.5% | +0.8% |
| 2020 | -5.9% | +3.0% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fellowship Apartments Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Fellowship Apartments Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 95.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size with revenues around $100,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Fellowship Apartments Inc's IRS 990 filings:
- Frequent operating deficits (e.g., $97,495 revenue vs. $104,020 expenses in 202406)
- High liabilities relative to assets ($454,433 liabilities vs. $475,621 assets in 202406)
Strengths
The following positive indicators were identified for Fellowship Apartments Inc:
- Consistent 0% officer compensation across all filings
- Stable asset base over the past decade (e.g., $475,621 in 202406)
- Clear mission focus (Housing for the Elderly - NTEE L20Z)
Frequently Asked Questions about Fellowship Apartments Inc
Is Fellowship Apartments Inc a legitimate charity?
Fellowship Apartments Inc (EIN: 20426306) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $96K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Fellowship Apartments Inc spend its money?
Fellowship Apartments Inc directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Fellowship Apartments Inc tax-deductible?
Fellowship Apartments Inc is registered as a tax-exempt nonprofit (EIN: 20426306). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Fellowship Apartments Inc CEO make?
Fellowship Apartments Inc's highest-compensated officer earns $100,000. annually. The organization reported $96K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Fellowship Apartments Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Fellowship Apartments Inc is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fellowship Apartments Inc located?
Fellowship Apartments Inc is headquartered in Concord, New Hampshire and files with the IRS under EIN 20426306. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Fellowship Apartments Inc have?
Fellowship Apartments Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $96K in total revenue.
Is Fellowship Apartments Inc. financially sustainable given its recurring deficits?
The organization frequently reports expenses exceeding revenue, such as in 202406 ($104,020 expenses vs. $97,495 revenue). While its asset base has been relatively stable, this pattern suggests a reliance on reserves or other funding to cover operational costs, which could impact long-term sustainability if not addressed.
How does the lack of officer compensation impact the organization?
The consistent 0% officer compensation is a significant strength, indicating that funds are not being used for executive salaries. This suggests a highly dedicated, likely volunteer-driven, leadership structure, allowing more resources to be directed towards its mission.
What is the primary use of Fellowship Apartments Inc.'s funds?
Given its NTEE code L20Z (Housing for the Elderly) and the absence of officer compensation, it is highly probable that the vast majority of funds are directed towards program services related to providing housing for the elderly, with a smaller portion for essential administrative overhead.
Are the organization's liabilities a concern?
The organization consistently carries high liabilities relative to its assets (e.g., $454,433 liabilities vs. $475,621 assets in 202406). While common for organizations with property assets, this indicates a significant portion of assets may be encumbered by debt or other obligations, which warrants closer examination.
Filing History
IRS 990 filing history for Fellowship Apartments Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Fellowship Apartments Inc's revenue has declined by 8.8%, moving from $107K to $97K. Total assets decreased by 15.4% over the same period, from $563K to $476K. Total functional expenses fell by 4.8%, from $109K to $104K. In its most recent filing year (2024), Fellowship Apartments Inc reported a deficit of $7K, with expenses exceeding revenue. The organization holds $454K in liabilities against $476K in assets (debt-to-asset ratio: 95.5%), resulting in net assets of $21K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $97K | $104K | $476K | $454K | — | — |
| 2023 | $99K | $100K | $524K | $496K | — | — |
| 2022 | $99K | $96K | $478K | $449K | — | View 990 |
| 2021 | $112K | $110K | $480K | $453K | — | — |
| 2020 | $98K | $105K | $476K | $451K | — | View 990 |
| 2019 | $104K | $102K | $483K | $452K | — | View 990 |
| 2018 | $99K | $122K | $486K | $458K | — | View 990 |
| 2017 | $103K | $164K | $502K | $449K | — | View 990 |
| 2016 | $108K | $107K | $561K | $448K | — | View 990 |
| 2015 | $100K | $107K | $561K | $448K | — | View 990 |
| 2014 | $104K | $104K | $574K | $455K | — | View 990 |
| 2013 | $103K | $99K | $568K | $449K | — | View 990 |
| 2012 | $102K | $101K | $565K | $449K | — | View 990 |
| 2011 | $107K | $109K | $563K | $448K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $97K, expenses of $104K, and assets of $476K (revenue -1.7% year-over-year).
- 2023: Revenue of $99K, expenses of $100K, and assets of $524K (revenue +0.6% year-over-year).
- 2022: Revenue of $99K, expenses of $96K, and assets of $478K (revenue -11.7% year-over-year).
- 2021: Revenue of $112K, expenses of $110K, and assets of $480K (revenue +13.7% year-over-year).
- 2020: Revenue of $98K, expenses of $105K, and assets of $476K (revenue -5.9% year-over-year).
- 2019: Revenue of $104K, expenses of $102K, and assets of $483K (revenue +5.8% year-over-year).
- 2018: Revenue of $99K, expenses of $122K, and assets of $486K (revenue -4.0% year-over-year).
- 2017: Revenue of $103K, expenses of $164K, and assets of $502K (revenue -4.7% year-over-year).
- 2016: Revenue of $108K, expenses of $107K, and assets of $561K (revenue +7.9% year-over-year).
- 2015: Revenue of $100K, expenses of $107K, and assets of $561K (revenue -3.7% year-over-year).
- 2014: Revenue of $104K, expenses of $104K, and assets of $574K (revenue +1.1% year-over-year).
- 2013: Revenue of $103K, expenses of $99K, and assets of $568K (revenue +0.3% year-over-year).
- 2012: Revenue of $102K, expenses of $101K, and assets of $565K (revenue -4.3% year-over-year).
- 2011: Revenue of $107K, expenses of $109K, and assets of $563K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fellowship Apartments Inc:
Data Sources and Methodology
This transparency report for Fellowship Apartments Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.