TWO? Way more than that - even just upon FR.
Are you also in agreement with him then that NO organized church has any meaning? It is just you and whatever version of the Bible you approve of?
That's a tricky question. I certainly believe that a local assembly is legitimate. I think that the congregational structure, when speaking of larger organizations, is more capable in remaining true. And I think that the more hierarchical the body, the more likely it is to contain unresolvable lawlessness.
And with all that being said, even on the local level, the minute one places the pews, and hangs the sign is the very minute the organization develops an instinct for self preservation which can, and often does lead to doom. When the building fund gets big enough, mammon becomes more important than message. So I am not advocating anything as being perfect.
I can't think of any organization for which that isn't true.