Opportunity Homes Incorporated
- Assets
- $1.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 65
- Location
- Decorah, IA
- Founding
- 12/1980
- Data as of
- 06/2024
- EIN
- 42-1144672
Organization Overview
Opportunity Homes Incorporated is located in Decorah, IA. The organization was established in 1980. 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 06/2024, Opportunity Homes Incorporated employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity Homes Incorporated 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 06/2024, Opportunity Homes Incorporated generated $3.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $3.3m during the year ending 06/2024. While expenses have increased by 2.7% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SERVICES TO PERSONS WITH SPECIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AGENCY PROVIDES SERVICES TO INDIVIDUALS WITH DISABILITIES WHICH NECESSITATE SPECIAL HELP AND SUPERVISION IN THEIR DAILY LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shanna Hale Executive Di | Officer | 40 | $79,590 |
Sara Bulman Secretary | Trustee | 1 | $0 |
Marilyn Niewoehner Director | Trustee | 1 | $0 |
Randy Pfile President | Trustee | 1 | $0 |
Sherry Schilling V President | Trustee | 1 | $0 |
Ben Wells Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,849 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,359 |
| Total Program Service Revenue | $3,153,927 |
| Investment income | $9,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,290 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,227,626 |
| 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 | $2,303,847 |
| Pension plan accruals and contributions | $91,492 |
| Other employee benefits | $439,395 |
| Payroll taxes | $228,094 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,120 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,054 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,822 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,375 |
| Insurance | $0 |
| All other expenses | $12,070 |
| Total functional expenses | $3,250,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $683,882 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $272,109 |
| 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 | $16,122 |
| Net Land, buildings, and equipment | $87,595 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,060,008 |
| Accounts payable and accrued expenses | $219,488 |
| 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 | $219,488 |
| Net assets without donor restrictions | $840,520 |
| 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 | $1,060,008 |