FELLOWSHIP HOMES INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1960

Legal Domicile

Principal Officer

MARK BRODY

Phone

2095952634

Tax Period

2024-01-01 to 2024-12-31

FELLOWSHIP HOMES INC, founded in 1960, is a community nonprofit in the Health Care sector that reported $4.7M in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.9M, a strong 40% operating margin.

Mission

AT FELLOWSHIP HOMES, OUR MISSION IS TO PROVIDE A VIBRANT, SECURE, AND NURTURING ENVIRONMENT WHERE SENIORS CAN EMBRACE INDEPENDENCE WHILE STAYING ACTIVE AND ENGAGED. WE BELIEVE IN FOSTERING A STRONG SENSE OF COMMUNITY THAT ENRICHES THE LIVES OF OUR RESIDENTS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $1,716,330 Revenue: $1,934,496

OUR RETIREMENT CENTER IN MODESTO, CA, OFFERS A PERFECT BLEND OF SOCIAL OPPORTUNITIES AND INDEPENDENCE FOR SENIORS AGED 55 AND OLDER. IF YOU'RE LOOKING FOR A MAINTENANCE-FREE AND PET-FRIENDLY...

OUR RETIREMENT CENTER IN MODESTO, CA, OFFERS A PERFECT BLEND OF SOCIAL OPPORTUNITIES AND INDEPENDENCE FOR SENIORS AGED 55 AND OLDER. IF YOU'RE LOOKING FOR A MAINTENANCE-FREE AND PET-FRIENDLY LIFESTYLE SURROUNDED BY FRIENDS AND MODERN CONVENIENCES, FELLOWSHIP HOMES IS THE PERFECT PLACE FOR YOU. FROM PRIVATE DINING AREAS AND A BEAUTY SALON TO EXERCISE CLASSES, WIRELESS INTERNET AND TV, TRANSPORTATION AND HOUSEKEEPING SERVICES, WE HAVE EVERYTHING YOU NEED IN ONE WELCOMING COMMUNITY.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $80,609

Program Service Revenue $1,889,218

Investment Income $2,717,210

Other Revenue $45,278

TOTAL REVENUE $4,732,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,138,164

Fundraising Expenses $0

Program Expenses $1,716,330

Other Expenses $1,699,522

TOTAL EXPENSES $2,837,686

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,732,315	$9,226,770	-0.5%
Expenses	$2,837,686	$11,501,299	-0.8%
Net Income	$1,894,629	$-2,274,529	-1.8%

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACEY WELLNITZ	PRESIDENT	6.00	Officer Director	$0	$0	$0
CLAUDINE SHERRON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK BODDY	TREASURER	3.00	Officer Director	$0	$0	$0
FELICIA VELARDE	SECRETARY	2.00	Officer Director	$0	$0	$0
MARY MATTHEWS	DIRECTOR	1.00	Director	$0	$0	$0
GARRETT GREBE	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE GALLAGHER	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	$4,732,315	$2,837,686	$5,048,062	$1,894,629
2023	$9,226,770	$11,501,299	$6,615,465	$-2,274,529
2022	$10,033,439	$10,548,160	$9,540,025	$-514,721
2021	$7,953,169	$8,978,312	$9,526,951	$-1,025,143
2020	$9,110,853	$9,514,957	$8,622,045	$-404,104
2019	$8,492,723	$9,002,812	$6,439,991	$-510,089
2018	$8,103,903	$8,573,317	$6,883,013	$-469,414