Residential Options Ii Inc
- Assets
- $182.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norristown, PA
- Founding
- 05/1985
- Data as of
- 06/2022
- EIN
- 23-2296848
Organization Overview
Residential Options Ii Inc is located in Norristown, PA. The organization was established in 1985. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Residential Options Ii 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, Residential Options Ii Inc generated $73.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $86.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
COMMUNITY LIVING ARRANGEMENTS FOR MENTALLY CHALLENGED AND PHYSICALLY HANDICAPPED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Keating President | 0.25 | $0 | |
Mark Phander Vice President | 0.25 | $0 | |
Kirk Armbrust Secretary | 0.25 | $0 | |
L Steuart Brown Jr Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $73,554 |
| Membership dues | $0 |
| Investment income | $131 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $73,685 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,955 |
| Professional fees and other payments to independent contractors | $5,400 |
| Occupancy, rent, utilities, and maintenance | $35,167 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $33,804 |
| Total expenses | $86,326 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,846 |
| Other assets | $0 |
| Total assets | $182,497 |
| Total liabilities | $581,527 |
| Net assets or fund balances | -$399,030 |