Residential Options Inc

Organization Overview

Residential Options Inc is located in Alton, IL. The organization was established in 1993. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Residential Options Inc employed 280 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Residential 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 06/2023, Residential Options Inc generated $12.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $11.1m during the year ending 06/2023. While expenses have increased by 6.3% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING RESIDENTIAL HOUSING TO THE DEVELOPMENTALLY DISABLED AND HANDICAPPED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES SERVICES IN TWO PROGRAMS, COMMUNITY INTEGRATED LIVING ARRANGEMENT (CILA) AND INTERMEDIATE CARE FACILITY FOR THE DEVELOPMENTALLY DISABLED (ICFDD). RESIDENTS IN BOTH PROGRAMS ARE PROVIDED WITH SUPPORT, WHICH ASSISTS THEM TO LIVE, WORK, AND PARTICIPATE IN THE COMMUNITY. CERTAIN CILA RESIDENTS PARTICIPATE IN THE MEDICAL REHABILITATION OPTION, WHICH PROVIDES FOR FUNDING OF SPECIFIC REHABILITATION SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Rose Gibson
Vice Chair
$0
Reid Mcdowell
Secretary
$0
Jim Kasten
Director
$0
Jim Concannon
Director
$0
Cathy Cooke
Director
$0
Tom Morrissey
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Tycon Builders Llc
Construction
$116,566
Kane Fire Protection
Hvac
$107,475
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $682,176
All other contributions, gifts, grants, and similar amounts not included above$3,025
Noncash contributions included in lines 1a–1f $4,100
Total Revenue from Contributions, Gifts, Grants & Similar$685,201
Total Program Service Revenue$11,522,912
Investment income $228,564
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$8,708
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,427,969

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