Fitch Home Inc in Melrose, Massachusetts (MA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Massachusetts
| Fitch Home Inc | |
| Employer Identification Number (EIN) | 042111388 |
| Name of Organization | Fitch Home Inc |
| Address | 75 Lake Ave, Melrose, MA 02176-2701 |
| Activities | Housing for the aged (see also 153) |
| Subsection | Charitable Organization |
| Ruling Date | 06/1967 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation exempt from paying excise taxes on investment income |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2014 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $8,246,073 |
| Amount of Income | $3,076,456 |
| Form 990 Revenue Amount | $867,346 |
Non-representatives - add comments:
Revenue for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $844,484 | $451,182 | $129,073 | |
| Contributions, gifts, grants, etc., received | $1,000 | |||
| Interest on savings and temporary cash investments | $24,121 | |||
| Dividends and interest from securities | $104,952 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $714,411 | |||
| Total expenses and disbursements | $1,113,184 | $0 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,113,184 | $0 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-268,700 | |||
| Net investment income | $451,182 | |||
| Adjusted net income | $129,073 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $7,265,892 | $7,265,891 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $4,835,830 | |
| Investments-corporate bonds | $1,390,986 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,039,076 | |
| Total liabilities | $4,717 | |
| Mortgages and other notes payable | $0 | |
| Other | $4,717 | |
| Total liabilities and net assets/fund balances | $7,261,175 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | Yes |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $6,962,814 |
| Net value of noncharitable-use assets | $6,858,380 |
| Minimum investment return | $342,919 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $129,073 | $127,345 | $307,414 | $175,670 | $739,502 |
| Qualifying distributions made directly for active conduct of exempt activities | $1,113,184 | $1,146,844 | $1,141,970 | $1,258,251 | $4,660,249 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $228,612 | $239,240 | $226,552 | $219,747 | $914,151 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Fisheries Survival Fund | PO BOX 127, Fairhaven, MA 02719-0127 | MA | 1999-11 | $1,054,295 |
| 2 | Fishermans Feast Of Boston Inc | PO BOX 130163, Boston, MA 02113-0004 | MA | 1993-01 | $93,659 |
| 3 | Fishermen Youth Soccer Incorporated | 549 Washington St, Gloucester, MA 01930-1751 | MA | 1983-10 | $72,047 |
| 4 | Fishermens Tribute Fund | PO BOX 4093, New Bedfrod, MA 02741-4093 | MA | 2005-12 | $20,668 |
| 5 | Fishing Academy Inc | 16 Adair Rd, Brighton, MA 02135-1728 | MA | 2004-06 | $87,873 |
| 6 | Fishing Partnership Health Plan Corporation | 30 Chestnut Ave Ste 2, Burlington, MA 01803-1604 | MA | 2000-11 | $1,576,363 |
| 7 | Fishtown Artspace Inc | 448 Washington St, Gloucester, MA 01930-1857 | MA | 1997-02 | $54,216 |
| 8 | Fiske Extended Day Program Inc | 55 Adams Street, Lexington, MA 02420 | MA | 1988-08 | $0 |
| 9 | Fiske School Pto | 45 Hastings St, Wellesley, MA 02481-5425 | MA | 1994-05 | $38,754 |
| 10 | Fiske School Pto | 55 Adams St, Lexington, MA 02420-1837 | MA | 2004-02 | $92,371 |
| 11 | Fitch Home Inc | 75 Lake Ave, Melrose, MA 02176-2701 | MA | 1967-06 | $3,076,456 |
| 12 | Fitchburg Access Television Inc | 175 Kimball St, Fitchburg, MA 01420-4292 | MA | 1989-05 | $646,671 |
| 13 | Fitchburg Affordable Housing Corporation | 470 Main Street, Fitchburg, MA 01420-8173 | MA | 1997-07 | $472,533 |
| 14 | Fitchburg Art Museum | 25 Merriam Pkwy, Fitchburg, MA 01420-7523 | MA | 1948-06 | $1,113,101 |
| 15 | Fitchburg Cultural Alliance Inc | Rollstone Studio 633 Main Street, Fitchburg, MA 01420 | MA | 1985-05 | $34,563 |
| 16 | Fitchburg Cycling Club Inc | 23 Mill St Apt 2, Leominster, MA 01453-3202 | MA | 1976-04 | $251,326 |
| 17 | Fitchburg Police Union | 20 Elm St, Fitchburg, MA 01420-3204 | MA | 2007-08 | $86,623 |
| 18 | Fitchburg Riverfront Park Foundation Inc | 718 Main Street, Fitchburg, MA 01420 | MA | 2004-04 | $0 |
| 19 | Fitchburg Sportsmens Club Inc | PO BOX 594, Fitchburg, MA 01420-0054 | MA | 2009-09 | $59,904 |
| 20 | Fitchburg Youth Soccer Inc | 17 Linden St, Fitchburg, MA 01420-7721 | MA | 1996-04 | $40,575 |
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