Keystone Opportunity Center Inc
- Assets
- $2.8m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 40
- Location
- Souderton, PA
- Founding
- 06/1990
- Data as of
- 12/2023
- EIN
- 23-2602243
Organization Overview
Keystone Opportunity Center Inc is located in Souderton, PA. The organization was established in 1990. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Keystone Opportunity Center Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keystone Opportunity Center 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 12/2023, Keystone Opportunity Center Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 3.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
KEYSTONE OPPORTUNITY CENTER IS A LEADING PROVIDER OF SOCIAL SERVICE PROGRAMS ACROSS BUCKS AND MONTGOMERY COUNTIES. THE THREE MAIN AREAS OF FOCUS ARE HOUSING, FOOD, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING - KEYSTONE'S HOUSING DEPARTMENT PROVIDES A MIX OF HOUSING OPTIONS TO COMMUNITY MEMBERS STRUGGLING WITH HOUSING INSECURITY. THROUGH A PARTNERSHIP WITH HUD AND MONTGOMERY COUNTY'S YOUR WAY HOME, KEYSTONE OPPORTUNITY CENTER PROVIDES RAPID RE-HOUSING AND PERMANENT SUPPORTIVE HOUSING OPPORTUNITIES TO THE COMMUNITY. KEYSTONE ALSO PROVIDES 19 UNITS OF AFFORDABLE HOUSNG OPPORTUNITIES TO COMMUNITY MEMBERS IN NEED.
COMMUNITY SERVICES HELPS THOSE IN NEED TO NAVIGATE VARIOUS AGENCIES AND PROGRAMS THAT MAY BE ABLE TO ASSIST THEM WITH THEIR SPECIFIC NEEDS. WE PROVIDE REFERRALS OR ASSISTANCE WITH APPLICATIONS FOR PROGRAMS THAT ARE BOTH WITHIN KEYSTONE AND WITHOUT. WE ALSO PROVIDE DIRECT CLIENT ASSISTANCE TO ADDRESS SUDDEN, ONE-TIME EXPENDITURES THAT COULD END IN HOMELESSNESS IF NOT ADDRESSED. FUNDING FOR DIRECT CLIENT ASSISTANCE IS PROVIDED BY GRANTS AND INDIVIDUAL OR ORGANIZATIONAL DONATIONS.
EDUCATION - AS ONE OF ONLY TWO TITLE II EDUCATION PROGRAMS IN MONTGOMERY COUNTY, KEYSTONE OPPORTUNITY CENTER OFFERS A VARIETY OF EDUCATIONAL OPPORTUNITIES THAT HELP PEOPLE ACHIEVE THEIR EDUCATIONAL GOALS, ALLOWING THEM TO BECOME MORE EMPLOYABLE. THESE OPPORTUNITIES INCLUDE ENGLISH AS A SECOND LANGUAGE, HIGH SCHOOL EQUIVALENCY, CITIZENSHIP SUPPORT AND PRIVATE TUTORING.
FOOD PROGRAMS - KEYSTONE'S FOOD PROGRAMS OFFER COMMUNITY MEMBERS STRUGGLING WITH FOOD INSECURITY THE RESOURCES NEEDED TO ENSURE THEY AND THEIR FAMILIES HAVE ACCESS TO HEALTH FOOD OPTIONS, ALLOWING THEIR LIMITED FINANCES TO BE DEDICATED TO HOUSING SECURITY. KEYSTONE'S FOOD PANTRY PROVIDES SHELF- STABLE FOOD, FRESH PRODUCE, MEAT, DAIRY PRODUCTS AND SPECIALTY FOODS. KEYSTONE ALSO OPERATES A FRESH FOR ALL PROGRAM THAT DISTRIBUTES 5,500 POUNDS OF FRESH PRODUCE INTO THE COMMUNITY EVERY WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trish Sneddon President | OfficerTrustee | 10 | $0 |
Ed Rosario Vice Preside | OfficerTrustee | 3 | $0 |
Suzanne Cressman Secretary | OfficerTrustee | 3 | $0 |
Tracy Voce Treasurer | OfficerTrustee | 3 | $0 |
Martha Buccino Board Member | Trustee | 2 | $0 |
Catherine Hoath Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,941 |
| Related organizations | $0 |
| Government grants | $1,419,680 |
| All other contributions, gifts, grants, and similar amounts not included above | $989,493 |
| Noncash contributions included in lines 1a–1f | $381,647 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,429,114 |
| Total Program Service Revenue | $166,017 |
| Investment income | $40,105 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$43,673 |
| Net Income from Fundraising Events | -$2,722 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,592,153 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $464,223 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,177 |
| Compensation of current officers, directors, key employees. | $81,884 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,033,526 |
| Pension plan accruals and contributions | $17,024 |
| Other employee benefits | $40,242 |
| Payroll taxes | $97,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $68,952 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,453 |
| Fees for services: Other | $63,728 |
| Advertising and promotion | $360 |
| Office expenses | $52,665 |
| Information technology | $53,614 |
| Royalties | $0 |
| Occupancy | $69,550 |
| Travel | $12,782 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,231 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,281 |
| Insurance | $34,134 |
| All other expenses | $25,672 |
| Total functional expenses | $2,753,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $916,570 |
| Savings and temporary cash investments | $10,575 |
| Pledges and grants receivable | $271,377 |
| Accounts receivable, net | $12,303 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,126 |
| Prepaid expenses and deferred charges | $5,173 |
| Net Land, buildings, and equipment | $689,116 |
| Investments—publicly traded securities | $914,722 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,316 |
| Total assets | $2,849,278 |
| Accounts payable and accrued expenses | $62,406 |
| Grants payable | $0 |
| Deferred revenue | $42,012 |
| 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 | $160,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,310 |
| Total liabilities | $301,728 |
| Net assets without donor restrictions | $2,496,010 |
| Net assets with donor restrictions | $51,540 |
| 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 | $2,849,278 |