Opportunity House
- Assets
- $6.8m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 109
- Location
- Reading, PA
- Founding
- 01/1989
- Data as of
- 06/2022
- EIN
- 23-2543677
Organization Overview
Opportunity House is located in Reading, PA. The organization was established in 1989. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Opportunity House employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity House 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, Opportunity House generated $7.0m 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 $6.1m during the year ending 06/2022. 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
OPPORTUNITY HOUSE EMPOWERS INDIVIDUALS TO IMPROVE THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEARNING CENTER - SINCE 1996, THE SECOND STREET LEARNING CENTER HAS PROVIDED PARENTS WHO WORK WITH THE FIRST CHILDCARE CENTER TO BE RECOGNIZED BY THE STATE. CARE IS PROVIDED ON-SITE FOR OVER 140 CHILDREN PER DAY WHO LIVE AT THE SHELTER AND IN THE COMMUNITY. THE CHILDREN RANGE FROM INFANCY THROUGH SCHOOL-AGE INCLUDING THOSE WITH SPECIAL NEEDS. THE LEARNING CENTER ALSO MEETS TRANSPORTATION NEEDS TO AND FROM ALL READING ELEMENTARY AND MIDDLE SCHOOLS. IN FISCAL YEAR ENDING 2022, THE CENTER SERVED 55 CHILDREN AGES 0-4, 74 CHILDREN AGES 5-9, 11 CHILDREN AGES 10-17 DAILY.
SHELTER - SINCE 1984, THE SHELTER HAS BEEN OPERATIONAL 24 HOURS A DAY, 7 DAYS A WEEK TO MEET THE IMMEDIATE PHYSICAL NEEDS OF THE HOMELESS WHILE ALSO OFFERING INTENSIVE COUNSELING, GOAL-PLANNING, LIFE-SKILLS EDUCATION, COMMUNITY SERVICE, MONEY MANAGEMENT TRAINING, AFTER-CARE SERVICES, ADDICTION AWARENESS, PARENTING, SELF-ESTEEM, AND NUTRITION AND HEALTH EDUCATION. IN FISCAL YEAR ENDING 2022, THE SHELTER SERVED AN AVERAGE OF 70 HOMELESS MEN, WOMEN, AND CHILDREN EACH EVENING.
SUPPORTIVE SERVICES FOR VETERANS (SSVF) - THE GOAL OF THE PROGRAM IS TO PROVIDE HOMELESS PREVENTION ACTIVITIES TO VETERAN INDIVIDUALS/HOUSEHOLDS THAT WOULD OTHERWISE BECOME HOMELESS AND PROVIDE ASSISTANCE TO RAPIDLY REHOUSE VETERANS WHO ARE CURRENTLY HOMELESS. THIS WILL BE ACCOMPLISHED BY DETERMINING ELIGIBILITY OF APPLICANTS, ASSESSING BARRIERS TO HOUSING, PROVIDING APPROPRIATE INTERVENTIONS AND TRACKING OUTCOMES FOR THOSE PERSONS PARTICIPATING IN THE PROGRAM. IN FISCAL YEAR ENDING 2022, OPPORTUNITY HOUSE ASSISTED 210 VETERANS THROUGH THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Snyder Chairperson | OfficerTrustee | 1 | $0 |
Valerie Henne-Hallman Secretary | OfficerTrustee | 1 | $0 |
Dennis Mays Treasurer | OfficerTrustee | 1 | $0 |
Mary Kargbo Vice Chairperson | OfficerTrustee | 1 | $0 |
Amanda Garber Director | Trustee | 1 | $0 |
Julie Ravis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $427,434 |
| Membership dues | $0 |
| Fundraising events | $201,845 |
| Related organizations | $0 |
| Government grants | $1,908,672 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,357,420 |
| Noncash contributions included in lines 1a–1f | $389,441 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,895,371 |
| Total Program Service Revenue | $3,030,582 |
| Investment income | $3,186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,000 |
| Net Gain/Loss on Asset Sales | $622 |
| Net Income from Fundraising Events | -$10,927 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,974,085 |
| 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. | $159,922 |
| Compensation of current officers, directors, key employees. | $21,670 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,314,887 |
| Pension plan accruals and contributions | $30,400 |
| Other employee benefits | $380,236 |
| Payroll taxes | $210,496 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,653 |
| Advertising and promotion | $74,826 |
| Office expenses | $109,857 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $428,068 |
| Travel | $59,893 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,694 |
| Interest | $41 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $375,188 |
| Insurance | $129,982 |
| All other expenses | $7,767 |
| Total functional expenses | $6,080,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,212,095 |
| Savings and temporary cash investments | $55,166 |
| Pledges and grants receivable | $210,630 |
| Accounts receivable, net | $111,046 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,345 |
| Prepaid expenses and deferred charges | $44,875 |
| Net Land, buildings, and equipment | $4,477,841 |
| Investments—publicly traded securities | $624,270 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,781 |
| Total assets | $6,798,049 |
| Accounts payable and accrued expenses | $421,126 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $108,097 |
| Total liabilities | $529,223 |
| Net assets without donor restrictions | $6,249,090 |
| Net assets with donor restrictions | $19,736 |
| 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 | $6,798,049 |