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Nonprofiteer
← OPEN ARMS DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by OPEN ARMS DEVELOPMENT CORPORATION.

Totals

Total revenue
$311,196
Total expenses
$278,945
Contributions and grants received
$172,425
Grants paid
$0
Program service revenue
$35,594
Investment income
$724
Other revenue
$102,453
Total assets, end of year
$359,623
Total liabilities, end of year
$666,973
Net assets or fund balances, end of year
-$307,350
Program services expenses (Part IX)
$260,954
Management and general expenses
$17,991
Fundraising expenses
$0
Program service expenses (Part III)
$260,954

Program services were 93.6% 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)

    $172,425

  • 2a · Program service revenue: RENTAL INCOME

    total $35,594 · related or exempt $35,594

  • 3 · Investment income

    total $724 · excluded $724

  • 11a · Other revenue: REFUNDABLE ADVANCE

    total $97,453 · related or exempt $97,453

  • 11b · Other revenue: TENANT CHARGES

    total $5,000 · related or exempt $5,000

  • 11e · Other revenue, total

    $102,453

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $8,178 · management and general $8,178

  • 13 · Office expenses

    total $11,642 · program services $11,642

  • 16 · Occupancy

    total $39,302 · program services $39,302

  • 19 · Conferences, conventions and meetings

    total $489 · management and general $489

  • 22 · Depreciation, depletion and amortization

    total $60,452 · program services $60,452

  • 23 · Insurance

    total $46,766 · program services $46,766

  • 24a · Other expenses: CONTRACT SERVICES

    total $84,436 · program services $84,436

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $10,557 · program services $1,233 · management and general $9,324

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $8,824 · program services $8,824

  • 24d · Other expenses: BAD DEBTS

    total $5,664 · program services $5,664

  • 24e · All other expenses

    total $2,635 · program services $2,635

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,280 · end of year $5,675

  • 3 · Pledges and grants receivable

    beginning of year $1,006 · end of year $41,256

  • 4 · Accounts receivable

    beginning of year $1,833 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $199 · end of year $6,295

  • 10a · Land, buildings and equipment: cost or other basis

    $1,557,850

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,268,992

  • 10c · Land, buildings and equipment, net

    beginning of year $327,510 · end of year $288,858

  • 15 · Other assets

    beginning of year $21,906 · end of year $17,539

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,927 · end of year $78,324

  • 19 · Deferred revenue

    end of year $105

  • 25 · Other liabilities

    beginning of year $624,408 · end of year $588,544

  • 27 · Net assets without donor restrictions

    beginning of year -$339,601 · end of year -$307,350

Mission and programs · 2023

Mission

TO PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.

  • HOUSING AND HEALTH SERVICES.

    Expenses $260,954 · Revenue $138,047

As filed on the 2023 return.

Listed in Part VII

  • William Potoczak

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • John Farina

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Celia Kendall

    CEO

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tracy Jones

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 40 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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
4 October 2024
IRS schema version
2023v5.1
Source object
202432849349301643

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