Fellowship Realty Corp of Massachusetts Inc

EIN: 204650367 501(c)(3) Housing & Shelter

Lincoln, RI

Total Revenue
$35,635
Total Expenses
$23,307
Total Assets
$335,912
Net Assets
$65,912
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
MA
Principal Officer
DR KURT MICELI
Phone
4013333980
Tax Period
2022-07-01 to 2023-06-30

Fellowship Realty Corp of Massachusetts Inc, founded in 2006, is a micro nonprofit in the Housing & Shelter sector that reported $36K in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $12K, a strong 35% operating margin.

Mission

FELLOWSHIP REALTY CORP OF MASSACHUSETTS, INC. OWNS ONE RESIDENCE THAT IS LEASED TO VINFEN, WHICH IS A NONPROFIT HUMAN SERVICES ORGANIZATION. THIS (CONTINUED ON SCHEDULE O)

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $35,635
Investment Income $0
Other Revenue $0
TOTAL REVENUE $35,635

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $23,307
Other Expenses $23,307
TOTAL EXPENSES $23,307

Year-over-Year Comparison

2022 2021 Change
Revenue $35,635 $31,544 +0.1%
Expenses $23,307 $23,926 0.0%
Net Income $12,328 $7,618 +0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
3
Employees
N/A
Volunteers
3

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$1,065,508
Total Directors
9
$1,872,774
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES S MCLISTER PRESIDENT/CEO OF ELWYN 1.0
Director
$0 $45,464 $735,463
DR KURT MICELI PRESIDENT 1.0
Officer Director
$0 $45,988 $451,418
NIKOLE CABREY SVP/CFO OF ELWYN 0.0
Officer
$0 $36,242 $352,072
DEBRA M PAUL CPA MBA FORMER CFO 0.0
$0 $35,255 $266,853
JEREMY SUNKETT DIR, VP RE/ASSET (THRU 10/22) 1.0
Director
$0 $25,346 $248,264
KRISTEN GUILFOYLE EXECUTIVE DIRECTOR 1.0
Director
$0 $28,699 $175,611
STEPHEN M DUGGAN DIRECTOR OF FINANCE/SECRETARY 1.0
Officer Director
$0 $19,624 $141,690
KAREN LEBLANC CONTROLLER/TREASURER 1.0
Officer Director
$0 $27,792 $120,328
SARAH CHARETTE DIRECTOR 0.5
Director
$0 $0 $0
ROBERT G COLUCCI CPA MBA DIRECTOR 0.5
Director
$0 $0 $0
MICHAEL FITZPATRICK DIRECTOR 0.5
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $35,635 $23,307 $335,912 $12,328
2022 $31,544 $23,926 $323,584 $7,618
2021 $31,200 $24,554 $315,967 $6,646
2020 $15,600 $24,038 $311,442 $-8,438
2019 $31,200 $24,632 $362,164 $6,568
2018 $32,400 $26,131 $350,485 $6,269
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