Totals
- Total revenue
- $191,033
- Total expenses
- $173,213
- Contributions and grants received
- $127,843
- Grants paid
- $0
- Program service revenue
- $60,702
- Investment income
- $1,624
- Other revenue
- $864
- Total assets, end of year
- $450,123
- Total liabilities, end of year
- $655,744
- Net assets or fund balances, end of year
- -$205,621
- Program services expenses (Part IX)
- $124,975
- Management and general expenses
- $48,238
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $124,975
Program services were 72.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$127,843
-
2a · Program service revenue: RENTAL INCOME
total $60,702 · related or exempt $60,702
-
3 · Investment income
total $1,624 · excluded $1,624
-
11a · Other revenue: LAUNDRY & VENDING
total $600 · excluded $600
-
11b · Other revenue: MISC INCOME
total $264 · excluded $264
-
11e · Other revenue, total
$864
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $12,319 · management and general $12,319
-
11c · Fees: accounting
total $6,934 · management and general $6,934
-
13 · Office expenses
total $1,908 · management and general $1,908
-
16 · Occupancy
total $97,888 · program services $97,888
-
17 · Travel
total $1,856 · management and general $1,856
-
22 · Depreciation, depletion and amortization
total $25,559 · program services $25,559
-
23 · Insurance
total $233 · program services $233
-
24a · Other expenses: MANAGEMENT COMPANY EMPL
total $25,221 · management and general $25,221
-
24b · Other expenses: BAD DEBTS
total $1,295 · program services $1,295
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,013 · end of year $3,862
-
4 · Accounts receivable
beginning of year $819 · end of year $2,902
-
9 · Prepaid expenses and deferred charges
beginning of year $1,740 · end of year $1,242
-
10a · Land, buildings and equipment: cost or other basis
$907,742
-
10b · Land, buildings and equipment: accumulated depreciation
$636,136
-
10c · Land, buildings and equipment, net
beginning of year $297,710 · end of year $271,606
-
13 · Investments: program-related
beginning of year $23,303 · end of year $22,254
-
14 · Intangible assets
beginning of year $37,333 · end of year $35,556
-
15 · Other assets
beginning of year $94,734 · end of year $112,701
-
17 · Accounts payable and accrued expenses
beginning of year $24,886 · end of year $17,454
-
19 · Deferred revenue
beginning of year $17 · end of year $9
-
23 · Secured mortgages and notes payable
beginning of year $639,952 · end of year $622,368
-
25 · Other liabilities
beginning of year $15,238 · end of year $15,913
-
27 · Net assets without donor restrictions
beginning of year -$223,441 · end of year -$205,621
Mission and programs · 2023
Mission
OPPORTUNITY APARTMENTS, INC. IS AN INDIANA NOT-FOR-PROFIT AND WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 15 UNIT APARTMENT COMPLEX IN KENDALLVILLE, INDIANA KNOWN AS OPPORTUNITY APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT. THE ORGANIZATION HAS EXECUTED THE STANDARD REGULATORY AGREEMENTS WITH HUD THAT GOVERN THE OPERATIONS OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA). IN ADDITION, THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP) WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR ELIGIBLE LOW INCOME FAMILIES OR PERSONS AS PROVIDED BY HUD.
-
OPPORTUNITY APARTMENTS, INC. IS AN INDIANA NOT-FOR-PROFIT AND WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 15 UNIT APARTMENT COMPLEX IN KENDALLVILLE, INDIANA KNOWN AS OPPORTUNITY APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT. THE ORGANIZATION HAS EXECUTED THE STANDARD REGULATORY AGREEMENTS WITH HUD THAT GOVERN THE OPERATIONS OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA). IN ADDITION, THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP) WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR ELIGIBLE LOW INCOME FAMILIES OR PERSONS AS PROVIDED BY HUD.
Expenses $124,975 · Revenue $60,702
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Steve HowellSTEVE HOWELL
PRESIDENT/CEO
- Total calculated
- $251,835
- From this org
- $0
- From related orgs
- $241,942
- Other
- $9,893
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $241,942 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $9,893 related
- Filer's total
- $0 + $251,835 related
-
Dorothy FuentesDOROTHY FUENTES
SECRETARY/TREASURER
- Total calculated
- $125,052
- From this org
- $0
- From related orgs
- $119,904
- Other
- $5,148
- Hours/week
- 1 + 40 related
-
Jerry StonerJERRY STONER
DIRECTOR
- Total calculated
- $117,636
- From this org
- $0
- From related orgs
- $112,488
- Other
- $5,148
- Hours/week
- 1 + 40 related
-
Rebecca CalhounREBECCA CALHOUN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Jenny LandezJENNY LANDEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Virgilia MuellerVIRGILIA MUELLER
HR DIRECTOR
- Total calculated
- $118,122
- From this org
- $0
- From related orgs
- $112,974
- Other
- $5,148
- Hours/week
- 0.5 + 40 related
-
Teresa GreinerTERESA GREINER
MEDICAL DIRECTOR
- Total calculated
- $400,157
- From this org
- $0
- From related orgs
- $395,009
- Other
- $5,148
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $395,009 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $5,148 related
- Filer's total
- $0 + $400,157 related
-
Manuel OzoaMANUEL OZOA
PHYSICIAN
- Total calculated
- $254,903
- From this org
- $0
- From related orgs
- $254,903
- Other
- $0
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $254,903 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $254,903 related
-
Wendy BodwellWENDY BODWELL
NURSE PRACTITIONER
- Total calculated
- $113,307
- From this org
- $0
- From related orgs
- $108,159
- Other
- $5,148
- Hours/week
- 0.5 + 40 related
-
Samir IshakSAMIR ISHAK
PHYSICIAN
- Total calculated
- $333,880
- From this org
- $0
- From related orgs
- $321,764
- Other
- $12,116
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $321,764 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $12,116 related
- Filer's total
- $0 + $333,880 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 6
- PER AGREEMENT BETWEEN THE AGENCY AND THE CEO, A BONUS IS PROVIDED TO THE CEO EQUIVALENT TO TWO WEEKS BASE COMPENSATION WHEN THE AGENCY HAS A NET SURPLUS IN ITS AUDITED FINANCIALS, AND THE CEO INCURS A LOSS EQUIVALENT TO TWO WEEKS BASE COMPENSATION WHEN A NET DEFICIT OCCURS IN THE AGENCY'S AUDITED FINANCIALS.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · COMMUNITY MENTAL HEALTH CENTER · IN
-
501(C)(3) · LOW INCOME HOUSING FOR DISABLED · IN
Directly controlled by NORTHEASTERN CENTER INC
-
501(C)(3) · LOW INCOME HOUSING FOR DISABLED · IN
Directly controlled by NORTHEASTERN CENTER INC
-
501(C)(3) · PROGRAM DEVELOPMENT AND SPECIAL PROJECTS · IN
Directly controlled by NORTHEASTERN CENTER INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540649349300529
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