Options Unlimited Inc
- Assets
- $3.3m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 144
- Location
- Bloomfield, CT
- Founding
- 03/1995
- Data as of
- 06/2022
- EIN
- 06-1413593
Organization Overview
Options Unlimited Inc is located in Bloomfield, CT. The organization was established in 1995. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Options Unlimited Inc employed 144 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Options Unlimited Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Options Unlimited Inc generated $5.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $5.7m during the year ending 06/2022. While expenses have increased by 2.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPTIONS UNLIMITED, INC. IS COMMITTED TO PROVIDING RESIDENTIAL AND DAY SERVICES THAT ARE INDIVIDUALIZED, INTEGRATED, COMMUNITY-BASED, AND THE LEAST RESTRICTIVE POSSIBLE. THESE FACTORS ARE KEY CONSIDERATIONS IN HELPING PERSONS WITH DISABILITIES REACH NEW HEIGHTS OF MEANING AND HAPPINESS IN THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPTIONS UNLIMITED, INC. OPERATES COMMUNITY BASED RESIDENTIAL ALTERNATIVES FOR PEOPLE WHO ARE DEVELOPMENTALLY DISABLED WITH THE INTENDED GOAL OF ASSISTING THESE INDIVIDUALS IN BECOMING INCREASINGLY SELF-SUFFICIENT.
OPTIONS UNLIMITED, INC. PROVIDES A DAY PROGRAM FOR DEVELOPMENTALLY DISABLED PERSONS.
SUPPORTED LIVING PROGRAMS: OPTIONS UNLIMITED, INC. PROVIDES CONTINUOUS RESIDENTIAL SUPPORT FOR DEVELOPMENTALLY DISABLED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Cinciva CEO | Officer | 40 | $103,200 |
Oliver Gagne Director | Trustee | 0.2 | $0 |
Kyle Murray Director | Trustee | 0.2 | $0 |
Carolyn Maloney-Hastillo Treasurer | OfficerTrustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,003,238 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,003,238 |
| Total Program Service Revenue | $635,265 |
| Investment income | $910 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,639,492 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,276 |
| Compensation of current officers, directors, key employees. | $5,004 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,376,074 |
| Pension plan accruals and contributions | $950 |
| Other employee benefits | $214,487 |
| Payroll taxes | $273,684 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $527,838 |
| Advertising and promotion | $18,313 |
| Office expenses | $45,962 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $234,318 |
| Travel | $4,220 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $103,178 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,749 |
| Insurance | $87,101 |
| All other expenses | $113,082 |
| Total functional expenses | $5,699,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,959 |
| Savings and temporary cash investments | $1,020,145 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $444,001 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $58,165 |
| Net Land, buildings, and equipment | $1,687,469 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,500 |
| Total assets | $3,300,239 |
| Accounts payable and accrued expenses | $356,390 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,677,899 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,006,133 |
| Total liabilities | $3,040,422 |
| Net assets without donor restrictions | $259,817 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,300,239 |