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← FELLOWSHIP SQUARE FOUNDATION INCORPORATED

Form 990 for tax year 2024

Filed by FELLOWSHIP SQUARE FOUNDATION INCORPORATED.

Totals

Total revenue
$2,473,393
Total expenses
$1,870,174
Contributions and grants received
$229,803
Grants paid
$130,390
Program service revenue
$1,123,208
Investment income
$1,080,906
Other revenue
$39,476
Total assets, end of year
$36,018,340
Total liabilities, end of year
$160,552
Net assets or fund balances, end of year
$35,857,788
Program services expenses (Part IX)
$875,156
Management and general expenses
$674,595
Fundraising expenses
$320,423
Program service expenses (Part III)
$875,156

Program services were 46.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $3,271

  • 1f · All other contributions, gifts and grants

    $226,532

  • 1g · Noncash contributions included above

    $129,469

  • 2a · Program service revenue: Management fees

    total $1,123,208 · related or exempt $1,123,208

  • 3 · Investment income

    total $993,416 · excluded $993,416

  • 7a · Gross sales of assets other than inventory

    securities $3,073,959

  • 7b · Less cost or other basis and sales expenses

    securities $2,986,469

  • 7c · Gain or loss

    securities $87,490

  • 7d · Net gain or loss

    total $87,490 · excluded $87,490

  • 8a · Fundraising events: gross income

    $27,440

  • 8a · Fundraising events: contributions included on line 1c

    $3,271

  • 8b · Fundraising events: direct expenses

    $9,148

  • 8c · Net income from fundraising events

    total $18,292 · excluded $18,292

  • 11a · Other revenue: Other Income

    total $21,184 · excluded $21,184

  • 11e · Other revenue, total

    $21,184

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $130,390 · program services $130,390

  • 5 · Compensation of officers, directors and key employees

    total $220,209 · program services $96,159 · management and general $81,856 · fundraising $42,194

  • 7 · Other salaries and wages

    total $841,043 · program services $386,954 · management and general $284,293 · fundraising $169,796

  • 8 · Pension plan contributions

    total $10,659 · management and general $10,659

  • 9 · Other employee benefits

    total $83,304 · program services $44,233 · management and general $26,548 · fundraising $12,523

  • 10 · Payroll taxes

    total $69,211 · program services $36,179 · management and general $18,144 · fundraising $14,888

  • 11b · Fees: legal

    total $21,007 · program services $12,864 · management and general $8,143

  • 11f · Fees: investment management

    total $46,263 · management and general $46,263

  • 11g · Fees: other

    total $132,980 · program services $52,852 · management and general $58,975 · fundraising $21,153

  • 12 · Advertising and promotion

    total $10,132 · program services $865 · fundraising $9,267

  • 13 · Office expenses

    total $67,613 · program services $22,212 · management and general $26,036 · fundraising $19,365

  • 16 · Occupancy

    total $46,795 · program services $22,041 · management and general $14,537 · fundraising $10,217

  • 17 · Travel

    total $6,770 · program services $3,997 · management and general $2,124 · fundraising $649

  • 23 · Insurance

    total $27,331 · program services $2,342 · management and general $23,893 · fundraising $1,096

  • 24a · Other expenses: Recruitment expenses

    total $60,151 · program services $32,604 · management and general $27,547

  • 24b · Other expenses: Professional Developmen

    total $29,676 · program services $8,154 · management and general $13,642 · fundraising $7,880

  • 24c · Other expenses: Food & Beverage

    total $21,759 · program services $7,881 · management and general $13,438 · fundraising $440

  • 24d · Other expenses: Dues & Subscriptions

    total $19,266 · program services $7,749 · management and general $5,694 · fundraising $5,823

  • 24e · All other expenses

    total $25,615 · program services $7,680 · management and general $12,803 · fundraising $5,132

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $230,123 · end of year $251,903

  • 2 · Savings and temporary cash investments

    beginning of year $5,509,206 · end of year $2,062,435

  • 3 · Pledges and grants receivable

    end of year $6,500

  • 4 · Accounts receivable

    beginning of year $1,535

  • 7 · Other notes and loans receivable

    beginning of year $12,840,280 · end of year $13,038,470

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,250 · end of year $16,263

  • 11 · Investments: publicly traded securities

    beginning of year $12,352,829 · end of year $18,351,827

  • 15 · Other assets

    beginning of year $2,185,668 · end of year $2,290,942

  • 17 · Accounts payable and accrued expenses

    beginning of year $107,440 · end of year $129,185

  • 25 · Other liabilities

    beginning of year $32,536 · end of year $31,367

  • 27 · Net assets without donor restrictions

    beginning of year $32,865,415 · end of year $35,727,788

  • 28 · Net assets with donor restrictions

    beginning of year $131,500 · end of year $130,000

Mission and programs · 2024

Mission

The Organization provides affordable housing and services to older adults.

Activities or mission (Part I)

Affordable housing and services for low income seniors and those who are physically disabled.

  • Fellowship Square provides affordable housing and services to 800+ seniors through four apartment communities in the Washington, DC area. Fellowship Square is working to add to its inventory of affordable housing units for older adults. Currently, each Fellowship House offers a robust monthly calendar of programs and activities; and includes an onsite social worker to help residents navigate Medicare, Medicaid, and other federal and state benefits, and access community resources that help them through the aging process. Fellowship Square provides governance, legal, and financial oversight to each property along with support through fundraising, volunteers, community outreach, and public relations services to each Fellowship House property. All Fellowship House properties operate under Section 223 (F) of the National Housing Act and participate in the Section 8 Housing Assistance rental program.

    Expenses $875,156 · Grants $130,390 · Revenue $1,123,208

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kristin Norris

    President

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Mark Fleming

    Vice President

    Total calculated
    $0
    Hours/week
    4 + 16 related

  • John Kelly

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • John S Gray

    Treasurer

    Total calculated
    $0
    Hours/week
    10 + 16 related

  • Edward S Byrne

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dan Flavin

    Director

    Total calculated
    $0
    Hours/week
    2

  • Kathleen Harding

    Director

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Carl Jenkins

    Director

    Total calculated
    $0
    Hours/week
    5 + 16 related

  • Shontay Kincaid

    Director

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Lynn Thomas

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Thomas J Van Lierde

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Christina Zeitz

    CEO

    Total calculated
    $220,209
    From this org
    $209,000
    From related orgs
    $0
    Other
    $11,209
    Hours/week
    37.5 + 4 related

    Schedule J breakdown matched by us

    Base
    $190,000
    Bonus
    $19,000
    Other
    $0
    Deferred
    $11,209
    Nontaxable benefits
    $0
    Filer's total
    $220,209

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2026
IRS schema version
2024v5.5
Source object
202611339349304246

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