Alternative Residences Two Inc
- Assets
- $8.9m
- Revenue
- $251.3k
- Investments
- $8.9m
- Employees
- 0
- Location
- St Clairsville, OH
- Founding
- 12/1980
- Data as of
- 12/2022
- EIN
- 31-0980554
Organization Overview
Alternative Residences Two Inc is located in St Clairsville, OH. The organization was established in 1980. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, 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. Alternative Residences Two 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 12/2022, Alternative Residences Two Inc generated $251.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (28.3%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Alternative Residences Two Inc has awarded 45 individual grants totaling $3,462,934. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDATION DEDICATED TO ISSUING GRANTS TO PRIVATE AND PUBLIC NON-PROFIT ORGANIZATIONS WHO ARE DEDICATED TO THE ONGOING DAILY CARE OF INDIVIDUALS WITH MENTAL AND ASSOCIATED PHYSICAL DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL OF THE ORGANIZATION'S ASSETS WERE SOLD DURING 2013 AND RESTRUCTURED IN 2014 TO A GRANT MAKING ORGANIZATION. THE ORGANIZATION IS DEDICATED TO HELPING SUPPORT THE DEVELOPMENTALLY DISABLED.
ALL OF THE ORGANIZATION'S ASSETS WERE SOLD DURING 2013 AND RESTRUCTURED IN 2014 TO A GRANT MAKING ORGANIZATION. THE ORGANIZATION IS DEDICATED TO HELPING SUPPORT THE DEVELOPMENTALLY DISABLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Ross Treasurer | 0 | $0 | |
Nahid Nejad Secretary | 0 | $0 | |
Lisa Goodson Chairwoman | 0 | $0 | |
Lynn Donda Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $79,032 |
| Dividends & Interest | $176,409 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$20,012 |
| Capital Gain Net Income | $26,728 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,900 |
| Total Revenue | $251,329 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,971 |
| Taxes | $29,218 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,271 |
| Total operating and administrative expenses | $308,366 |
| Contributions, gifts, grants paid | $850,315 |
| Total expenses and disbursements | $1,158,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,847 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,923,401 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Alternative Residences Two Inc has awarded $850,315 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ARC OF OHIO PURPOSE: TO HELP ACTIVITIES OF VAR PUB CHAR | $173,042 |
BELMONT COUNTY COMMUNITY ACTION COM PURPOSE: TO HELP ACTIVITIES OF VAR PUB CHAR | $115,000 |
RECREATION UNLIMITED FOUNDATION PURPOSE: TO HELP ACTIVITIES OF VAR PUB CHAR | $35,150 |
OHIO PRIVATE RESOURCE ASSOCIATION PURPOSE: TO HELP ACTIVITIES OF VAR PUB CHAR | $90,000 |
BELMONT COUNTY BOARD OF DD PURPOSE: TO HELP ACTIVITIES OF VAR PUB CHAR | $150,000 |
OHIO ALLIANCE FOR DIRECT PROFESSION PURPOSE: TO HELP ACTIVITIES PF VAR PUB CHAR | $100,000 |