Alternative Residences Three Inc
- Assets
- $2.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 23
- Location
- Louisville, KY
- Founding
- 03/1986
- Data as of
- 12/2021
- EIN
- 31-1079031
Organization Overview
Alternative Residences Three Inc is located in Louisville, KY. The organization was established in 1986. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Alternative Residences Three Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alternative Residences Three 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 12/2021, Alternative Residences Three Inc generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESIDENTIAL, REHABILITATIVE, AND TRAINING SERVICES FOR MENTALLY CHALLENGED AND/OR DEVELOPMENTALLY DISABLED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALTERNATIVE RESIDENCES III OPERATES THREE-8 BED INTERMEDIATE CARE/INTELLECTUAL DISABILITY HOMES IN OHIO. IT SUPPORTS 24 MEN AND WOMEN IN THE THREE HOMES. ALL OF THE RESIDENTS ATTEND EITHER A RESCARE-OPERATED DAY HABILITATION PROGRAM OR THE COUNTY-OPERATED SHELTERED WORKSHOP. SEVERAL OF THE RESIDENTS ARE ALSO INVOLVED IN VOLUNTEER ACTIVITIES IN THE COMMUNITY INCLUDING THE ANIMAL SHELTER AND FOOD PANTRY. WE CONTINUE TO FOCUS OUR PRIMARY MISSION-INCREASING INDEPENDENCE OF THE INDIVIDUALS THAT WE SUPPORT AS WELL AS MAINTAINING AND INCREASING PERSONAL AND COMMUNITY RELATIONSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia A Herron Treasurer | OfficerTrustee | 0.5 | $0 |
Tom Horst Director | Trustee | 0.5 | $0 |
Donna Smith Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Voca Corporation Management Company | 12/30/21 | $311,510 |
Ohio Dept Of Medicaid Insurance | 12/30/21 | $123,380 |
Highco Inc Day Program | 12/30/21 | $420,151 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,234,860 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,234,860 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $961,432 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $78,587 |
| Payroll taxes | $82,506 |
| Fees for services: Management | $311,510 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,197 |
| Advertising and promotion | $989 |
| Office expenses | $197,765 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $278,089 |
| Travel | $1,461 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,943 |
| Insurance | $23,593 |
| All other expenses | $0 |
| Total functional expenses | $2,621,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,579,752 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $478,394 |
| 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 | $0 |
| Net Land, buildings, and equipment | $12,493 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,070,639 |
| Accounts payable and accrued expenses | $314,204 |
| 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 | $0 |
| Total liabilities | $314,204 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,756,435 |
| Total liabilities and net assets/fund balances | $2,070,639 |
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