2024-04-26T13:10:18-05:00 2023-06-30 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2022-07-01 526067043 FELLOWSHIP SQUARE FOUNDATION INC FELL 7038602536 11260 ROGER BACON DRIVE STE 20 RESTON VA 20190 JOHN GRAY TREASURER 7038602536 2024-04-26 1 JOHN GRAY XXX-XX-XXXX 1 KERRI N BOGDA CPA P00760402 7177404863 2024-04-26 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DANIEL FLAVIN 11260 ROGER BACON DRIVE STE 20 RESTON VA 20190 3572015 0 X WWW.FELLOWSHIPSQUARE.ORG X 1960 DC AFFORDABLE HOUSING FOR THE ELDERLY AND PHYSICALLY HANDICAPPED OR DISABLED PERSONS. 12 12 12 230 0 0 986968 307837 5395725 2680147 375286 526166 93626 41112 6851605 3555262 371713 170515 0 0 1621487 923578 0 0 121566 2939450 5457430 4932650 6551523 1918955 -2996261 21996759 22701355 257512 4286242 21739247 18415113 X THE ORGANIZATION PROVIDES AFFORDABLE HOUSING AND SERVICES TO OLDER ADULTS. 0 1 6136337 170515 2680147 FELLOWSHIP SQUARE (FS) PROVIDES AFFORDABLE HOUSING AND SERVICES TO SENIORS, 62 AND OLDER, WHO HAVE VERY LIMITED INCOME AND RESOURCES. FS OWNS FOUR APARTMENT BUILDINGS THROUGHOUT THE WASHINGTON, D.C. REGION CONSISTING OF 670 TOTAL RENTAL UNITS SERVING MORE THAN 800 OLDER ADULTS. THE REDEVELOPMENT OF FELLOWSHIP SQUARE'S LAKE ANNE PROPERTY WAS COMPLETED IN 2023 AND THE OLD STRUCTURE WAS DEMOLISHED. FS PROVIDES GOVERNANCE, LEGAL, FINANCIAL, FUNDRAISING, AND PUBLIC RELATIONS SERVICES TO EACH OF THE PROPERTIES, ALONG WITH A PARTNER AND VOLUNTEER BASE THAT IMPLEMENTS PROGRAMS AND SERVICES TO BENEFIT THE RESIDENTS. AT EACH FELLOWSHIP HOUSE, AN ONSITE SERVICE COORDINATOR WORKS WITH RESIDENTS TO NAVIGATE MEDICARE, MEDICAID, AND OTHER BENEFITS TO WHICH THEY ARE ENTITLED, AND SERVES AS A LINCHPIN BETWEEN COMMUNITY RESOURCES AND RESIDENTS. ALL THE PROPERTIES OPERATE UNDER SECTION 223 (F) OF THE NATIONAL HOUSING ACT AND PARTICIPATE IN THE SECTION 8 PROGRAM. 6136337 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 X 16 0 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 VA X SUHANI SANWAR DIRECTOR OF FINANCE 5713490056 11260 ROGER BACON DRIVE STE 20 RESTON VA 20190 CARL ALAN JENKINS DIR., FSF, PRES, HUNTERS W 0.75 0.75 X 0 0 0 DANIEL FLAVIN PRESIDENT, FSF 0.75 0.00 X X 0 0 0 EDWARD S BYRNE DIR., FSF, PRES, LAKE ANNE 0.75 0.00 X X 0 0 0 JOHN GRAY TREASURER, FSF 0.75 0.75 X X 0 0 0 LYNN THOMAS SEC'Y, FSF (TO 3/27/23) 0.75 0.75 X X 0 0 0 BOB THOMPSON SEC'Y, LAKE ANNE (TO 10/18/23) 0.38 0.38 X X 0 0 0 MICHAEL SCHEURER VICE PRESIDENT, FSF (TO 3/11/23) 0.50 0.00 X X 0 0 0 ROBERT GREENWOOD DIRECTOR, FSF 0.75 0.00 X 0 0 0 ROBERT SARGEANT DIRECTOR, FSF 0.75 0.00 X 0 0 0 DR SHONTAY KINCAID DIR, FSF, PRES. LARGO LANDING 0.75 0.75 X 0 0 0 KATHLEEN HARDING DIR., FSF, PRES, LAKE RIDG 1.00 1.00 X 0 0 0 MARK FLEMING VICE PRES., FSF (AS OF 3/27/23) 0.75 0.75 X 0 0 0 JOHN KELLY DIRECTOR, FSF 0.75 0.00 X 0 0 0 THOMAS J VAN LIERDE DIRECTOR, FSF 0.75 0.00 X 0 0 0 KRISTIN NORRIS SEC'Y, FSF (AS OF 3/27/23) 0.75 0.00 X X 0 0 0 CHRISTINA ZEITZ CEO 37.50 0.00 X 172731 0 24475 172731 0 24475 1 0 1 0 0 40602 267235 170515 307837 MANAGEMENT FEES 541610 1709677 1709677 DEV. FEES - LAKE ANNE 541700 917773 917773 TENANT RENTS 531110 52697 52697 2680147 526166 526166 11871 40602 16753 -4882 -4882 525 0 525 525 BAD DEBT RECOVERY 900099 27795 27795 CABLE INCOME 900099 7210 7210 INSURANCE REFUND 900099 4905 4905 5559 5559 45469 3555262 2680147 0 567278 170515 170515 195436 156349 29315 9772 567900 454320 85185 28395 28914 23131 4337 1446 68834 55066 10325 3443 62494 49995 9374 3125 57222 57222 17115 17115 134262 134262 22348 22348 180015 126978 53037 7919 3630 4289 261019 195059 65960 318 318 DEMOLITION COSTS 4753235 4753235 DUES AND MEMBERSHIPS 11676 11676 OTHER EMPLOYEE EXPENSES 10599 101 10498 SPECIAL GIFT EXP 1354 1354 348 348 6551523 6136337 293620 121566 748995 350911 272516 204893 386283 338495 5307525 5467907 39599 30690 0 249222 9705303 11043549 5287316 5264910 21996759 22701355 155275 114179 9941 38429 488226 63808 3673896 257512 4286242 X 21526520 18290113 212727 125000 21739247 18415113 21996759 22701355 X -2996261 542705 -55498 -815080 X 0 1 X 1 1 1 X 198669 283044 354823 986968 309237 2132741 3394211 5602655 5344930 5395725 2680147 22417668 3592880 5885699 5699753 6382693 2989384 24550409 15580 26160 28186 20967 24754 115647 0 15580 26160 28186 20967 24754 115647 24434762 48625 82004 17327 237969 526074 911999 48625 82004 17327 237969 526074 911999 77340 75242 165824 98146 57865 474417 3718845 6042945 5882904 6718808 3573323 25936825 0.94210 0.95430 0.03520 0.01820 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2018 AMOUNT: $ 8,413. 2019 AMOUNT: $ 757. 2020 AMOUNT: $ 2,764. 2021 AMOUNT: $ 13,447. 2022 AMOUNT: $ 1,299. LAUNDRY AND VENDING - 2018 AMOUNT: $ 4,928. 2019 AMOUNT: $ 4,375. 2020 AMOUNT: $ 3,215. 2021 AMOUNT: $ 2,876. BEAUTY SHOP - 2018 AMOUNT: $ 217. 2019 AMOUNT: $ 166. CABLE INCOME - 2018 AMOUNT: $ 58,442. 2019 AMOUNT: $ 65,086. 2020 AMOUNT: $ 58,137. 2021 AMOUNT: $ 73,511. 2022 AMOUNT: $ 7,210. BAD DEBT RECOVERY - 2022 AMOUNT: $ 27,795. INSURANCE REFUND - 2020 AMOUNT: $ 95,381. 2022 AMOUNT: $ 4,905. NON-CHARITABLE FUNDRAISING RECEIPTS - 2019 AMOUNT: $ 810. 2021 AMOUNT: $ 4,375. 2022 AMOUNT: $ 11,871. TENANT CHARGES - 2018 AMOUNT: $ 3,152. 2019 AMOUNT: $ 4,048. 2020 AMOUNT: $ 6,327. 2021 AMOUNT: $ 3,937. 2022 AMOUNT: $ 759. REFUND FROM VENDORS - 2018 AMOUNT: $ 2,188. 2022 AMOUNT: $ 600. COVID CSP FUNDS - 2022 AMOUNT: $ 2,901. GAMING REVENUE - 2022 AMOUNT: $ 525. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 212727 87727 125000 212727 212727 288227 75500 212727 288227 288227 311562 3334 5171 21498 288227 0.00000 0.58760 0.41240 0 0 0 DUE FROM RELATED PARTY 4314008 MORTGAGE ESCROW DEPOSITS 950902 5264910 DUE TO RELATED PARTIES 3673896 3673896 4330032 542705 1400 440934 985039 3344993 210269 210269 3555262 7654166 1400 1328265 1329665 6324501 227022 227022 6551523 PART IV, LINE 2B: THE ESCROW ACCOUNT HOLDS TENANTS' SECURITY DEPOSITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSET TRANSFER 221,549. PRIOR PERIOD ADJUSTMENT 219,385. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -16,753. REVENUE NET WITH EXPENSES 227,022. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 16,753. CASH SURPLUS CONTRIBUTION FROM LAKE ANNE II TO FELLOWSHIP SQUARE 531,646. CAPITAL CONTRIBUTION TO NEW PARTNERSHIP 504,983. CAPITAL CONTRIBUTION TO LAKE ANNE HOUSE DEVELOPMENT LLC 274,883. PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUE NET WITH EXPENSES 227,022. WINTER WONDERLAND 50869 40602 10267 0 0 1450 4209 300 10794 50869 40602 10267 1450 4209 300 10794 16753 -6486 1 LARGO LANDING ELEDERLY DEVELOPMENTS INC 11260 ROGER BACON DRIVE STE 20 RESTON VA 20190 521264032 0 6045 COST FOOD ITEMS AND GENERAL SUPPLIES GENERAL OPERATIONS AND ASSISTANCE TO RESIDENTS HUNTERS WOODS ELDERLY DEVELOPMENTS OF 11260 ROGER BACON DRIVE STE 20 RESTON VA 20190 475323918 0 127832 COST FOOD ITEMS AND GENERAL SUPPLIES GENERAL OPERATIONS AND ASSISTANCE TO RESIDENTS LAKE RIDGE ELDERLY DEVELOPMENT INC 11260 ROGER BACON DRIVE STE 20 RESTON VA 20190 208705744 0 28700 COST FOOD ITEMS AND GENERAL SUPPLIES GENERAL OPERATIONS AND ASSISTANCE TO RESIDENTS 3 PART I, LINE 2: THE ORGANIZATION IS THE SOLE MEMBER OF ITS AFFILIATED ENTITIES AND KEEPS INTERNAL RECORDS ON ALL ASSISTANCE PROVIDED TO ITS AFFILIATES. X X 0 0 0 0 0 0 0 1 0 CHRISTINA ZEITZ CEO 160000 0 12731 0 0 0 11200 0 13275 0 197206 0 0 0 PART I, LINE 7 THE CEO WAS AWARDED A DISCRETIONARY BONUS BASED UPON A NUMBER OF CRITERIA WHICH INCLUDED BOTH FINANCIAL AND NON-FINANCIAL GOALS. THE EXECUTIVE COMMITTEE DECIDED ON AND APPROVED THE BONUS. X 13 156160 COST X GENERAL SUPPLIES 23 8118 COST X AUCTION ITEMS 24 7637 COST 0 0 1 0 PART I, COLUMN (B): THE NUMBERS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTORS. FORM 990, PART III, LINE 3 THE ORGANIZATION ENTERED INTO A PARTNERSHIP WITH ANOTHER TAX-EXEMPT ENTITY IN 2015. THE PARTNERSHIP SECURED SITE PLAN APPROVAL, HUD APPROVAL AND PROJECT FINANCING TO BUILD A NEW, 240 UNIT APARTMENT BUILDING ON THE EXISTING SITE ALONGSIDE THE EXISTING LAKE ANNE I AND II BUILDINGS. THE NEW BUILDING HAS THE SAME NUMBER OF UNITS AS THE OLD BUILDINGS (240 UNITS) AND MAINTAINS THE EXISTING AFFORDABILITY FOR RESIDENTS THEY PAY NO MORE THAN 30% OF THEIR INCOME IN RENT. THE NEW BUILDING OFFERS NUMEROUS AMENITIES AND SUPPORT SERVICES AT NO CHARGE TO THE RESIDENTS. IN 2023, FELLOWSHIP SQUARE AND THE PARTNERSHIP COMPLETED THE DEMOLITION OF THE TWO OLDER BUILDINGS AND SOLD THE LAND. SOME ASSETS RELATED TO LAKE ANNE I AND II HAVE BEEN TRANSFERRED TO THE NEW PARTNERSHIP AND THE REMAINING ASSETS WILL BE TRANSFERRED TO FELLOWSHIP SQUARE. FORM 990, PART V, LINE 2A: FELLOWSHIP SQUARE FOUNDATION FILES PAYROLL INFORMATION FOR FELLOWSHIP SQUARE FOUNDATION INC. SUCH AS W-2S, AND ALLOCATES SALARIES TO THE RESPECTIVE ORGANIZATIONS' OPERATIONS AS APPROPRIATE. FORM 990, PART VI, SECTION A, LINE 3 FELLOWSHIP SQUARE CONTRACTS WITH S.L. NUSBAUM TO PROVIDE PROPERTY MANAGEMENT AND ACCOUNTING SERVICES TO LAKE ANNE FELLOWSHIP HOUSE WHICH IS REPORTED ON THIS RETURN ALONG WITH THE FELLOWSHIP SQUARE FOUNDATION. L. BECKLES IS AN EMPLOYEE OF S.L. NUSBAUM AND THE MANAGER OF THE PROPERTY. HER COMPENSATION WAS $118,846. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION'S MEMBERS ("MEMBERS") WILL CONSIST OF NO FEWER THAN THIRTY (30) AND NOT MORE THAN SEVENTY (70) PERSONS, WHO SHALL BE NOMINATED AND ELECTED BY THE THEN-EXISTING CORPORATE MEMBERSHIP. ALL THE FELLOWSHIP SQUARE FOUNDATION BOARD OF DIRECTORS' MEMBERS AND ALL FELLOWSHIP HOUSE BOARD OF TRUSTEES' MEMBERS, OF EACH FELLOWSHIP HOUSING UNIT, ARE AUTOMATICALLY CORPORATE MEMBERS. ADDITIONAL PERSONS COMMITTED TO THE PURPOSE OF FSF MAY BE NOMINATED BY ANY CORPORATE MEMBER, AND ELECTED AT THE ANNUAL MEMBERS MEETING OR AT A SPECIAL MEMBERS MEETING CALLED FOR THE SPECIFIC PURPOSE. MEMBERS MAY BE ELECTED FOR RENEWABLE TERMS OF THREE (3) YEARS. FORM 990, PART VI, SECTION A, LINE 7A NEW MEMBERS MAY BE ELECTED BY THE CURRENT CORPORATE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B FELLOWSHIP SQUARE EXECUTIVE STAFF PERFORM AN INITIAL REVIEW. ONCE APPROVED, THE FINANCE COMMITTEE REVIEWS THE DRAFT AND SUBSEQUENTLY THE WHOLE BOARD REVIEWS AND APPROVES THE 990 PRIOR TO THE RETURN BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY REQUIRES EACH DIRECTOR AND/OR OFFICER TO ANNUALLY DISCLOSE HIS/HER KNOWLEDGE AND UNDERSTANDING OF THE POLICY WHICH INCLUDES THE DUTY OF THE DIRECTOR AND/OR OFFICER TO DISCLOSE TO THE BOARD OF DIRECTORS ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. FAMILY AND BUSINESS RELATIONSHIPS ARE EXPRESSLY MENTIONED IN THE POLICY. THE BOARD OF DIRECTORS (EXCLUDING ANY MEMBER WHO IS PARTY TO THE CONFLICT) IS RESPONSIBLE FOR REVIEWING THE POTENTIAL CONFLICT AND MAKING THE DETERMINATION IF AN ACTUAL CONFLICT OF INTEREST EXISTS. UPON KNOWLEDGE THAT A CONFLICT WAS NOT PROPERLY DISCLOSED TO THE BOARD OF DIRECTORS, APPROPRIATE CORRECTIVE AND DISCIPLINARY ACTIONS SHALL BE TAKEN. INDIVIDUALS PARTY TO ANY CONFLICTS OF INTEREST SHALL BE PRECLUDED FROM VOTING ON ANY MATTERES ASSOCIATED WITH THE ARRANGEMENT OR TRANSACTION INVOLVING SUCH CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A WHEN EXAMINING COMPENSATION FOR A NEW CEO, THE BOARD REVIEWS COMPENSATION SURVEYS TO ENSURE OFFICER COMPENSATION IS WITHIN FAIR MARKET VALUE FOR THE INDUSTRY. THEREAFTER, THE BOARD REVIEWS THE CEO'S PERFORMANCE AND DETERMINES HIS OR HER COMPENSATION ON AN ANNUAL BASIS. THE BOARD ALSO PROVIDES GUIDELINES FOR COMPENSATION OF OTHER FOUNDATION EMPLOYEES. THESE DISCUSSIONS ARE DOCUMENTED IN BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: NET ASSET TRANSFER 221,549. CASH SURPLUS CONTRIBUTION FROM LAKE ANNE II TO FELLOWSHIP SQUARE -531,646. CAPITAL CONTRIBUTION TO LAKE ANNE HOUSE DEVELOPMENT LLC -504,983. LAKE ANNE FELLOWSHIP HOUSE SECTION I 11260 ROGER BACON DRIVE STE 20 RESTON VA 20190 RENTAL REAL ESTATE, LOW INCOME HOUSING VA 40449 1157934 FELLOWSHIP SQUARE FOUNDATION INC LAKE ANNE FELLOWSHIP HOUSE SECTION II 11260 ROGER BACON DRIVE STE 20 RESTON VA 20190 RENTAL REAL ESTATE, LOW INCOME HOUSING VA 55334 2635750 FELLOWSHIP SQUARE FOUNDATION INC HUNTERS WOODS ELDERLY DEVELOPMENTS OF VIRGINIA INC 2231 COLTS NECK ROAD RESTON VA 20190 475323918 RENTAL REAL ESTATE, LOW INCOME HOUSING VA 501(C)(3) LINE 10 FELLOWSHIP SQUARE FOUNDATION INC 1 LARGO LANDING ELDERLY DEVELOPMENTS INC 1077 LARGO ROAD UPPER MARLBORO MD 20774 521264032 RENTAL REAL ESTATE, LOW INCOME HOUSING MD 501(C)(3) LINE 10 FELLOWSHIP SQUARE FOUNDATION INC 1 LAKE RIDGE ELDERLY DEVELOPMENT INC 12800 HARBOR DRIVE WOODBRIDGE VA 22192 208705744 RENTAL REAL ESTATE, LOW INCOME HOUSING VA 501(C)(3) LINE 10 FELLOWSHIP SQUARE FOUNDATION INC 1 LAKE ANNE HOUSE DEVELOPMENT LLC 8403 COLESVILLE ROAD 1150 SILVER SPRING MD 20910 813697926 RENTAL REAL ESTATE, LOW INCOME HOUSING VA N/A RELATED -1031 503186 0 0 0.35000 0 0 0 1 1 0 0 0 0 0 0 1 0 0 1 0 0 1 1 HUNTERS WOODS ELDERLY DEVELOPMENTS OF VIRGINIA INC S 221549 COST