Independent Living Options Inc
- Assets
- $2.1m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 17
- Location
- Cincinnati, OH
- Founding
- 12/1977
- Data as of
- 06/2022
- EIN
- 31-0918497
Organization Overview
Independent Living Options Inc is located in Cincinnati, OH. The organization was established in 1977. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, Independent Living Options Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Living Options 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, Independent Living Options Inc generated $2.6m 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 (3.2%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. 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
EMPOWERING PEOPLE WITH DISABILITIES TO LIVE INDEPENDENT LIVES IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SELF HELP PROGRAM PROVIDING INFORMATION, REFERRAL, ADVOCACY AND COUNSELING TO APPROX. 443 CONSUMERS WITH DISABILITIES IN THE GREATER CINCINNATI AND NORTHERN KENTUCKY AREA.
ATTENDENT CARE SUBSIDIARY FOR ADULTS WITH DISABILITIES IN THE NORTHERN AND RURAL LOCATIONS WITHIN KENTUCKY, SERVING AN ESTIMATED 75 PEOPLE.
RENTAL ASSISTANCE FOR HOMELESS PERSONS WITH DISABILITIES AND SUPPORTIVE HOUSING FOR INDIVIDUALS WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Festenstein Executive Director | Officer | 40 | $81,315 |
Africa Smith President | OfficerTrustee | 1 | $0 |
Neil Kelly Vice President | OfficerTrustee | 1 | $0 |
Clair Boyle Secretary | OfficerTrustee | 1 | $0 |
Lori Owen Treasurer | OfficerTrustee | 1 | $0 |
Carolyn O'bryant Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,488,812 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,524,662 |
| Total Program Service Revenue | $5,000 |
| Investment income | $42,016 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $59,672 |
| Net Income from Fundraising Events | $12,329 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,646,622 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,563,273 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $81,315 |
| Compensation of current officers, directors, key employees. | $7,085 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $554,412 |
| Pension plan accruals and contributions | $11,838 |
| Other employee benefits | $90,339 |
| Payroll taxes | $49,227 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,033 |
| Advertising and promotion | $0 |
| Office expenses | $15,611 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,533 |
| Travel | $17,653 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,380 |
| Insurance | $16,543 |
| All other expenses | $5,834 |
| Total functional expenses | $2,657,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,363 |
| Pledges and grants receivable | $109,654 |
| Accounts receivable, net | $0 |
| 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 | $427 |
| Net Land, buildings, and equipment | $898,502 |
| Investments—publicly traded securities | $1,010,313 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,975 |
| Total assets | $2,094,234 |
| Accounts payable and accrued expenses | $45,785 |
| Grants payable | $0 |
| Deferred revenue | $17,798 |
| 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 | $250,094 |
| Unsecured mortgages and notes payable | $27,392 |
| Other liabilities | $0 |
| Total liabilities | $341,069 |
| Net assets without donor restrictions | $1,751,249 |
| Net assets with donor restrictions | $1,916 |
| 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 | $2,094,234 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Independent Living Options Inc has recieved totaling $650.
| Awarding Organization | Amount |
|---|---|
Thomas R Schiff Foundation Cincinnati, OH PURPOSE: BIENNIAL PROJECT GRANTS | $650 |
Endowment Analysis
| Beg. Balance | $1,266,961 |
| Earnings | -$153,225 |
| Other Expense | $103,423 |
| Ending Balance | $1,010,313 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |
Council Of Three Rivers American Indian Center Inc Pittsburgh, PA | $2,198,563 | $19,524,702 |
Training & Treatment Innovations Inc Oxford, MI | $4,219,988 | $19,202,444 |
Intercommunity Action Incorporated Philadelphia, PA | $14,614,293 | $19,901,552 |
Spectrum Community Services Inc Allentown, PA | $6,288,427 | $19,062,960 |
Prospectus Associates Inc Reading, PA | $18,973,994 | $22,583,253 |
Michigan Community Services Inc Swartz Creek, MI | $9,785,401 | $17,419,566 |
Good Family Support Services Inc Philadelphia, PA | $20,002,576 | $19,632,400 |
Buckeye Plain Ministry Group Middlefield, OH | $4,397,089 | $15,353,471 |
Typical Life Corporation York, PA | $10,082,185 | $15,549,627 |
Behavioral Healthcare Services Inc Owensboro, KY | $8,995,827 | $13,461,445 |
Centralized Comprehensive Human Services Inc Philadelphia, PA | $12,942,710 | $13,680,899 |