2025-04-14T16:37:45-05:00 2024-06-30 582487348 Aprio Advisory Group LLC 2002 Summit Boulevard Suite 120 Atlanta GA 30319 990 2023-07-01 526067043 Fellowship Square Foundation FELL 7038602536 11260 Roger Bacon Drive Suite 20 Reston VA 20190 John Gray Treasurer 7038602536 2025-04-14 1 1 Stacy Cullen P00974308 4048929651 2025-04-14 2023 2025-03-06 01:10:19Z John Gray 11260 Roger Bacon Drive Suite 20 Reston VA 20190 16368840 0 X www.fellowshipsquare.org X 1960 DC Affordable housing and services for low income seniors and those who are physically disabled. 13 13 14 230 0 0 307837 307008 2680147 1019877 526166 13223821 41112 834057 3555262 15384763 170515 201457 0 0 923578 1052961 0 0 274015 5457430 343599 6551523 1598017 -2996261 13786746 22701355 33136891 4286242 139976 18415113 32996915 X The Organization provides affordable housing and services to older adults. 0 0 787027 201457 1019877 Fellowship Square provides affordable housing and services to 800+ seniors through four apartment communities in the Washington, DC area. In 2023, Fellowship Square completed the award-winning redevelopment of its Lake Anne property, in partnership with Enterprise Community Development, preserving all 240 units and creating a modern, energy-efficient, and amenity-rich space that residents are proud to call home. Net proceeds from the sale of excess land near Lake Anne, and additional fundraising efforts, allow Fellowship Square to expand its affordable senior housing portfolio and services to seniors. 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. 787027 1 1 0 0 0 0 0 0 0 0 0 0 0 0 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 19 0 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 1 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 VA X The Organization 7038602536 11260 Roger Bacon Drive Suite 20 Reston VA 20190 Dan Flavin President 10.00 8.00 X X 0 0 0 Mark Fleming Vice President 4.00 16.00 X X 0 0 0 John Kelly Director 2.00 0.00 X 0 0 0 John S Gray Treasurer 10.00 16.00 X X 0 0 0 Kristin Norris Secretary 2.00 1.00 X X 0 0 0 Robert Sargeant Director 2.00 0.00 X 0 0 0 Thomas J Van Lierde Director 2.00 1.00 X 0 0 0 Lynn Thomas Director 2.00 2.00 X 0 0 0 Edward S Byrne Director 2.00 1.00 X 0 0 0 Kathleen Harding Director 2.00 16.00 X 0 0 0 Shontay Kincaid Director 2.00 2.00 X 0 0 0 Carl Jenkins Director 2.00 16.00 X 0 0 0 Robert Greenwood Director 2.00 X 0 0 0 Christina Zeitz CEO 36.00 1.00 X 201577 0 28953 201577 0 28953 1 0 1 0 0 7404 299604 209586 307008 Management fees 541610 1019877 1019877 1019877 937576 937576 836936 12420000 706372 264319 130564 12155681 12286245 12286245 49412 7404 13386 36026 36026 Other Income 900099 798031 798031 798031 15384763 1019877 0 14057878 201457 201457 230530 113738 70471 46321 663795 324783 205552 133460 24519 24519 68373 36861 17868 13644 65744 31776 20940 13028 16577 10746 5831 62935 4818 52382 5735 11931 3226 8705 44361 7777 23150 13434 46895 16413 18289 12193 5890 3336 1639 915 26019 1612 23210 1197 Professional Developmen 33550 5944 26817 789 Dues & Subscriptions 16071 4276 5224 6571 Recruitment expenses 15779 236 14562 981 Food & Beverage 15304 4140 10113 1051 48287 15888 16408 15991 1598017 787027 536975 274015 350911 230123 204893 5509206 338495 1535 5467907 12840280 30690 17250 11043549 12352829 5264910 2185668 22701355 33136891 114179 107440 9941 488226 3673896 32536 4286242 139976 X 18290113 32865415 125000 131500 18415113 32996915 22701355 33136891 X 13786746 912244 -32536 -84652 X 0 1 X 1 1 1 X 283044 354823 986968 309237 356420 2290492 5602655 5344930 5395725 2680147 1019877 20043334 5885699 5699753 6382693 2989384 1376297 22333826 0 21871 182395 37111 126486 367863 21871 182395 37111 126486 367863 21965963 82004 17327 237969 526074 937576 1800950 82004 17327 237969 526074 937576 1800950 75242 165824 98146 57865 798031 1195108 6042945 5882904 6718808 3573323 3111904 25329884 0.86720 0.94210 0.07110 0.03520 X Part III, Section B, Line 13 The gain of $12,155,681 from the sale of an asset at Lake Anne is not included. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 X 125000 6510 6510 125000 212727 87727 125000 212727 212727 288227 75500 212727 288227 288227 0.58760 0.41240 0 0 0 Due from related party 198365 Other Reserves 400000 Investment in unconsolidated entity 1587303 2185668 Deferred Compensation payable 32536 32536 16310393 912244 13386 925630 15384763 0 15384763 1611403 13386 13386 1598017 0 1598017 Part IV, Line 2b: Part Iv line 2b: The escrow account hold tenenats security deposits. Events 56816 7404 49412 850 11645 500 391 56816 7404 49412 850 11645 500 391 13386 36026 0 Hunters Woods Elderly Developments 11261 Roger Bacon Drive Suite 20 Reston VA 20190 475323918 501(c) (3) 5000 159050 Cost Food items and general supplies General operations and assistance to residents Lake Ridge Elderly Development Inc 11262 Roger Bacon Drive Suite 20 Reston VA 20190 208705744 501(c) (3) 0 32197 Cost Food items and general supplies General operations and assistance to residents 2 X 0 0 0 0 0 0 0 0 0 Christina Zeitz CEO 188846 0 12731 0 0 0 10000 0 18953 0 230530 0 0 0 X 2 188724 FMV X Other donations 54 20862 FMV 0 0 0 Form 990, Part V Line 2a: Fellowship Square Foundation, as the common paymaster for the filing organization and affiliates, files all payroll information, such as W-2s, and allocates salaries to the respective organizations' operations as appropriate. Form 990, Part VI, Section A, line 2 Dan Flavin, president of Fellowship Square Foundation, is the insurance agent for Fellowship Square Foundation's P&C Business. Kristin Norris, secretary of Fellowship Square Foundation, is an employee of John Marshall Bank, of which Fellowship Square Foundation has business relationship. John Kelly, a director of Fellowship Square Foundation, is a shareholder at Bean Kinney & Korman, a company that provides legal services to Fellowship Sqaure Foundation. 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 property manager. Her compensation was $132,620.80 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 director's 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 matters 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: Audit 2023 Restated Financials - Prior Period Adjustment -84,652. Lake Anne Fellowship House section I 11260 Roger Bacon DriveSte 20 Reston VA 20190 Rental Real Estate,Low income housing VA 2372300 0 Fellowship Square Foundation Inc Lake Anne Fellowship House section II 11260 Roger Bacon DriveSte 20 Reston VA 20190 Rental Real Estate,Low income housing VA 66379 0 Fellowship Square Foundation Inc 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 Sqaure Foundation 0 Hunters Woods Elderly Developments of Virgina Inc 2231 Colts Neck Road Reston VA 20191 475323918 Rental Real Estate,Low income housing VA 501(c)(3) Line 10 Fellowship Sqaure Foundation 0 Largo Landing Elderly Development Inc 1077 Largo Road Upper Marlboro MD 20774 521264032 Rental Real Estate,Low income housing MD 501(c)(3) Line 10 Fellowship Sqaure Foundation 0 Lake Anne House Development LLC 8403 Colesville Road Ste 1150 Silver Spring MD 20910 813697926 Rental Real Estate, Low Income Housing VA N/A Related 0 0 0.35000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 Hunters Woods Elderly Development of Virgina Q 420290 Actual Value Hunters Woods Elderly Development of Virgina R 164050 FMV Lake Ridge Elderly Development Inc Q 185565 Actual Value Largo Landing Elderly Developments Inc Q 196699 Actual Value