Elite Alternatives Inc
- Assets
- $2.5m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 79
- Location
- Auburn Hills, MI
- Founding
- 05/1989
- Data as of
- 09/2023
- EIN
- 38-2779741
Organization Overview
Elite Alternatives Inc is located in Auburn Hills, MI. The organization was established in 1989. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 09/2023, Elite Alternatives Inc employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elite Alternatives 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 09/2023, Elite Alternatives Inc generated $4.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $3.7m during the year ending 09/2023. 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
PROVIDING 24-HOUR CARE FOR THE DEVELOPMENTALLY DISABLED IN A GROUP HOME OR SUPPORTED LIVING SETTING. ELITE PROVIDES TRAINING AND SUPPORT FOR THE INDIVIDUALS EVERYDAY LIVING SKILLS, PERSONAL HYGIENE, MEDICATIONS HEALTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES 24-HOUR CARE FOR THE PHYSICALLY AND DEVELOPMENTALLY DISABLED IN A GROUP HOME OR SUPPORTED LIVING SETTING. ELITE PROVIDES TRAINING AND SUPPORT FOR THE INDIVIDUALS EVERYDAY LIVING SKILLS, PERSONAL HYGIENE, MEDICATIONS AND OVERALL WELL-BEING. THE GOAL IS TO ADMINISTER THE NECESSARY PROGRAMS AND PROCEDURES THAT WILL BEST ENABLE INDIVIDUAL TO DEVELOP EMOTIONALLY, PHYSICALLY AND FUNCTIONALLY IN A FAMILY TYPE SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Flagg Ex Dir | OfficerTrustee | 80 | $200,250 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Geri Turner Treasurer | Trustee | 1 | $0 |
Mary Billington Trustee | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,626,302 |
| All other contributions, gifts, grants, and similar amounts not included above | $400,664 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,026,966 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,673 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,025,465 |
| 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. | $200,250 |
| Compensation of current officers, directors, key employees. | $200,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,475,287 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $191,428 |
| Payroll taxes | $205,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $45,503 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $405,459 |
| Travel | $105,869 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,728 |
| Insurance | $30,128 |
| All other expenses | $0 |
| Total functional expenses | $3,715,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,993,401 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $284,690 |
| 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 | $33,794 |
| Net Land, buildings, and equipment | $209,143 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,521,028 |
| Accounts payable and accrued expenses | $24,029 |
| 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 | $106,783 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $63,470 |
| Total liabilities | $194,282 |
| Net assets without donor restrictions | $2,326,746 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,521,028 |