Opportunity Living
- Assets
- $5.9m
- Revenue
- $10.6m
- Investments
- $543.6k
- Employees
- 263
- Location
- Lake City, IA
- Founding
- 08/1987
- Data as of
- 06/2023
- EIN
- 42-1293894
Organization Overview
Opportunity Living is located in Lake City, IA. The organization was established in 1987. 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 06/2023, Opportunity Living employed 263 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity Living 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, Opportunity Living generated $10.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $10.8m during the year ending 06/2023. While expenses have increased by 0.9% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SPECIAL PERSONS OPPORTUNITIES FOR LIVING
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERMEDIATE CARE FACILITY FOR INTELLECTUALLY DISABLED, LICENSED TO SERVE SIXTY-EIGHT INDIVIDUALS; FULL RANGE OF SERVICES INCLUDING RESIDENTIAL CARE ASSISTANCE WITH DAILY LIVING, THERAPIES, HABILITATIVE TRAINING, RECREATION AND OTHER HEALTH CARE AS NEEDED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Mahannah Chief Executive Officer | Officer | 40 | $158,046 |
Jill Westcott Chief Financial Officer | Officer | 40 | $121,345 |
Donna Hollers Rn | 40 | $105,139 | |
Austin Steinkamp Vice President | Trustee | 1 | $0 |
Ann Hicks Secretary | Trustee | 1 | $0 |
Cheryl Wuebker Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,442 |
| Fundraising events | $0 |
| Related organizations | $124,401 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,591 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,434 |
| Total Program Service Revenue | $10,060,549 |
| Investment income | $35,274 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,545 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,599,393 |
| 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. | $267,704 |
| Compensation of current officers, directors, key employees. | $267,704 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,273,823 |
| Pension plan accruals and contributions | $61,054 |
| Other employee benefits | $1,427,149 |
| Payroll taxes | $493,340 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,563 |
| Fees for services: Accounting | $33,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,678 |
| Advertising and promotion | $16,463 |
| Office expenses | $205,783 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $234,999 |
| Travel | $35,130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,466 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $190,710 |
| Insurance | $217,599 |
| All other expenses | $189,833 |
| Total functional expenses | $10,812,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,440 |
| Savings and temporary cash investments | $2,893,661 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $393,275 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $56,153 |
| Net Land, buildings, and equipment | $1,897,138 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $543,625 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,901,292 |
| Accounts payable and accrued expenses | $1,545,978 |
| 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 | $9,311 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,555,289 |
| Net assets without donor restrictions | $4,220,866 |
| Net assets with donor restrictions | $125,137 |
| 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 | $5,901,292 |