Fellowship Realty Corp Of Massachusetts Inc
Fellowship Realty Corp maintains stable operations with volunteer leadership and consistent positive net income.
EIN: 204650367 · Lincoln, RI · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $23K |
| Program Spending | 90% |
| Net Assets | $66K |
| Transparency Score | 85/100 |
Is Fellowship Realty Corp Of Massachusetts Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fellowship Realty Corp Of Massachusetts Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fellowship Realty Corp Of Massachusetts Inc
Fellowship Realty Corp Of Massachusetts Inc (EIN: 204650367) is a nonprofit organization based in Lincoln, RI, classified under NTEE code L20. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fellowship Realty Corp Of Massachusetts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fellowship Realty Corp Of Massachusetts Inc is a micro nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $23K |
| Surplus / Deficit | +$12K |
| Total Assets | $336K |
| Total Liabilities | $270K |
| Net Assets | $66K |
| Operating Margin | 34.6% |
| Debt-to-Asset Ratio | 80.4% |
| Months of Reserves | 172.9 months |
Financial Health Grade: A
In 2023, Fellowship Realty Corp Of Massachusetts Inc reported a surplus of $12K with revenue exceeding expenses, holds 172.9 months of operating reserves (strong position), has a debt-to-asset ratio of 80.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fellowship Realty Corp Of Massachusetts Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.0% | -2.6% | +3.8% |
| 2022 | +1.1% | -2.6% | +2.4% |
| 2021 | +100.0% | +2.1% | +1.5% |
| 2020 | -50.0% | -2.4% | -14.0% |
| 2019 | -3.7% | -5.7% | +3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Realty Corp Of Massachusetts Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Fellowship Realty Corp Of Massachusetts Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 80.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for an organization of its size and contributes to efficient resource allocation.
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 Realty Corp Of Massachusetts Inc's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data
- Gradual decline in total assets over the past decade
Strengths
The following positive indicators were identified for Fellowship Realty Corp Of Massachusetts Inc:
- Consistent positive net income (e.g., $12,328 in 2023)
- Zero officer compensation, indicating volunteer leadership and efficient use of funds
- Significant reduction in liabilities over the past decade, improving financial stability
- Stable revenue and expense patterns over many years
Frequently Asked Questions about Fellowship Realty Corp Of Massachusetts Inc
Is Fellowship Realty Corp Of Massachusetts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fellowship Realty Corp Of Massachusetts Inc (EIN: 204650367) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Fellowship Realty Corp Of Massachusetts Inc spend its money?
Fellowship Realty Corp Of Massachusetts Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fellowship Realty Corp Of Massachusetts Inc tax-deductible?
Fellowship Realty Corp Of Massachusetts Inc is registered as a tax-exempt nonprofit (EIN: 204650367). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Fellowship Realty Corp Of Massachusetts Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Fellowship Realty Corp Of Massachusetts Inc is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fellowship Realty Corp Of Massachusetts Inc located?
Fellowship Realty Corp Of Massachusetts Inc is headquartered in Lincoln, Rhode Island and files with the IRS under EIN 204650367. It is classified under NTEE code L20.
How many years of IRS 990 filings does Fellowship Realty Corp Of Massachusetts Inc have?
Fellowship Realty Corp Of Massachusetts Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What specific programs does Fellowship Realty Corp Of Massachusetts Inc operate?
Based on the NTEE code L20 (Housing, Shelter) and the nature of a 'Realty Corp,' it likely focuses on providing or managing housing, but specific program details are not available in the provided financial summary.
Why have the organization's assets decreased over the past decade?
Assets have decreased from $485,476 in 2014 to $335,912 in 2023. This could be due to depreciation of real estate holdings, sale of assets, or other financial reconfigurations. However, liabilities have also decreased significantly, improving the net asset position.
How does the organization manage to operate with zero officer compensation?
The consistent reporting of 0% officer compensation suggests that all leadership roles are filled by volunteers, which is a significant factor in keeping administrative costs low and maximizing funds for its mission.
Filing History
IRS 990 filing history for Fellowship Realty Corp Of Massachusetts Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fellowship Realty Corp Of Massachusetts Inc's revenue has grown by 14.2%, moving from $31K to $36K. Total assets decreased by 31.6% over the same period, from $491K to $336K. Total functional expenses fell by 72.6%, from $85K to $23K. In its most recent filing year (2023), Fellowship Realty Corp Of Massachusetts Inc reported a surplus of $12K, with revenue exceeding expenses. The organization holds $270K in liabilities against $336K in assets (debt-to-asset ratio: 80.4%), resulting in net assets of $66K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $36K | $23K | $336K | $270K | — | — |
| 2022 | $32K | $24K | $324K | $270K | — | — |
| 2021 | $31K | $25K | $316K | $270K | — | — |
| 2020 | $16K | $24K | $311K | $272K | — | View 990 |
| 2019 | $31K | $25K | $362K | $314K | — | View 990 |
| 2018 | $32K | $26K | $350K | $309K | — | View 990 |
| 2017 | $32K | $25K | $370K | $335K | — | View 990 |
| 2016 | $32K | $25K | $384K | $356K | — | View 990 |
| 2015 | $32K | $25K | $402K | $381K | — | View 990 |
| 2014 | $32K | $25K | $485K | $473K | — | View 990 |
| 2013 | $32K | $25K | $522K | $516K | — | View 990 |
| 2012 | $32K | $29K | $496K | $498K | — | View 990 |
| 2011 | $31K | $85K | $491K | $568K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $36K, expenses of $23K, and assets of $336K (revenue +13.0% year-over-year).
- 2022: Revenue of $32K, expenses of $24K, and assets of $324K (revenue +1.1% year-over-year).
- 2021: Revenue of $31K, expenses of $25K, and assets of $316K (revenue +100.0% year-over-year).
- 2020: Revenue of $16K, expenses of $24K, and assets of $311K (revenue -50.0% year-over-year).
- 2019: Revenue of $31K, expenses of $25K, and assets of $362K (revenue -3.7% year-over-year).
- 2018: Revenue of $32K, expenses of $26K, and assets of $350K (revenue +0.0% year-over-year).
- 2017: Revenue of $32K, expenses of $25K, and assets of $370K (revenue +0.0% year-over-year).
- 2016: Revenue of $32K, expenses of $25K, and assets of $384K (revenue +0.0% year-over-year).
- 2015: Revenue of $32K, expenses of $25K, and assets of $402K (revenue +0.0% year-over-year).
- 2014: Revenue of $32K, expenses of $25K, and assets of $485K (revenue +0.0% year-over-year).
- 2013: Revenue of $32K, expenses of $25K, and assets of $522K (revenue +0.0% year-over-year).
- 2012: Revenue of $32K, expenses of $29K, and assets of $496K (revenue +3.8% year-over-year).
- 2011: Revenue of $31K, expenses of $85K, and assets of $491K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fellowship Realty Corp Of Massachusetts Inc:
Data Sources and Methodology
This transparency report for Fellowship Realty Corp Of Massachusetts 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.