FAIRHAVEN CORPORATION

EIN: 390979908 501(c)(3) Human Services

WHITEWATER, WI

Total Revenue
$6,430,421
Total Expenses
$8,272,081
Total Assets
$40,776,090
Net Assets
$13,086,872
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
WI
Principal Officer
PAUL KUENNING
Phone
2624732140
Tax Period
2024-01-01 to 2024-12-31

FAIRHAVEN CORPORATION, founded in 1962, is a community nonprofit in the Human Services sector that reported $6.4M in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $8.3M exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROVIDE HOUSING AND SERVICES WHICH PROMOTE DIGNITY AND WELL-BEING WITH SPIRITUAL, INTELLECTUAL, CULTURAL AND RECREATIONAL VITALITY.

Program Service Accomplishments

Program 1
Expenses: $7,320,354 Revenue: $6,399,985

SERVING RESIDENTS SINCE 1962, FAIRHAVEN CORPORATION (FAIRHAVEN OR THE CORPORATION) IS A NONPROFIT LIFE PLAN COMMUNITY RELATED TO THE WISCONSIN CONFERENCE OF THE UNITED CHURCH OF CHRIST, LOCATED IN...

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SERVING RESIDENTS SINCE 1962, FAIRHAVEN CORPORATION (FAIRHAVEN OR THE CORPORATION) IS A NONPROFIT LIFE PLAN COMMUNITY RELATED TO THE WISCONSIN CONFERENCE OF THE UNITED CHURCH OF CHRIST, LOCATED IN WHITEWATER, WISCONSIN. FAIRHAVEN'S MAIN CAMPUS INCLUDES INDEPENDENT APARTMENTS, ASSISTED LIVING, SUPPORTIVE LIVING, AND MEMORY CARE. THE CORPORATION OFFERS LIFE LEASE ENTRANCE FEE AND MONTHLY FEE AGREEMENTS. THE CORPORATION HOLDS A COMMUNITY BASED RESIDENTIAL FACILITY (CBRF) LICENSE FOR 150 BEDS AVAILABLE IN 105 APARTMENTS AND 49 ASSISTED LIVING UNITS. IT ALSO HOLDS LICENSES FOR A 24-BED CBRF MEMORY CARE RESIDENCE CALLED HEARTHSTONE. PRAIRIE VILLAGE IS AN INDEPENDENT PATIO HOME COMMUNITY FOR THOSE 55 AND OLDER LOCATED ONE MILE FROM THE MAIN CAMPUS. FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, 65 DUPLEX UNITS WERE IN USE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,578
Program Service Revenue $6,070,365
Investment Income $1,079
Other Revenue $353,399
TOTAL REVENUE $6,430,421

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,335,725
Fundraising Expenses $10,801
Program Expenses $7,320,354
Other Expenses $3,936,356
TOTAL EXPENSES $8,272,081

Year-over-Year Comparison

2024 2023 Change
Revenue $6,430,421 $10,371,764 -0.4%
Expenses $8,272,081 $8,959,350 -0.1%
Net Income $-1,841,660 $1,412,414 -2.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
18
Employees
153
Volunteers
400

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
6
$137,711
Total Directors
19
$137,711
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES CALDWELL CHAIRMAN OF BOARD 1.00
Officer Director
$0 $0 $0
DR FRED WILEMAN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
GARY KINCAID SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
ANN HERDENDORF DIRECTOR 1.00
Director
$0 $0 $0
DR RICHARD HANEY DIRECTOR 1.00
Director
$0 $0 $0
MARLEEN LIPPERT DIRECTOR 1.00
Director
$0 $0 $0
SHARON MCCULLOUGH DIRECTOR 1.00
Director
$0 $0 $0
MARK OLM EXECUTIVE COMMITTEE 1.00
Officer Director
$0 $0 $0
REV MAX RIGERT EXECUTIVE COMMITTEE 1.00
Officer Director
$0 $0 $0
MICHAEL WALLACE DIRECTOR 1.00
Director
$0 $0 $0
REV MARGARET SHEPHERD DIRECTOR 1.00
Director
$0 $0 $0
DR RICHARD TELFER DIRECTOR 1.00
Director
$0 $0 $0
REV JERALD WENDT DIRECTOR 1.00
Director
$0 $0 $0
PAUL KUENNING EXECUTIVE DIRECTOR 40.00
Officer Director
$137,711 $0 $137,711
DR GERALD THEUNE DIRECTOR 1.00
Director
$0 $0 $0
DR ROBERTA WEDL DIRECTOR 1.00
Director
$0 $0 $0
REV FRANZ RIGERT EX-OFFICIO 1.00
Director
$0 $0 $0
DR KENNETH KIDD DIRECTOR 1.00
Director
$0 $0 $0
KATHY ROSS DIRECTOR 1.00
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
2024 $6,430,421 $8,272,081 $40,776,090 $-1,841,660
2023 $10,371,764 $8,959,350 $33,802,785 $1,412,414
2022 $8,670,991 $9,956,769 $31,058,260 $-1,285,778
2021 $10,379,873 $10,394,919 $31,820,625 $-15,046
2020 $12,766,972 $12,309,219 $33,350,451 $457,753
2019 $12,644,237 $12,087,499 $30,470,624 $556,738
2018 $13,468,542 $12,310,015 $29,038,054 $1,158,527
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