Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RESIDENTIAL REVENUE

  total $556,990 · related or exempt $556,990

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $1,600 · excluded $1,600

• 11e · Other revenue, total

  $1,600

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $19,320 · management and general $19,320

• 8 · Pension plan contributions

  total $750 · management and general $750

• 10 · Payroll taxes

  total $1,286 · management and general $1,286

• 11b · Fees: legal

  total $7,812 · management and general $7,812

• 11c · Fees: accounting

  total $5,600 · management and general $5,600

• 11g · Fees: other

  total $8,096 · program services $8,096

• 12 · Advertising and promotion

  total $48,000 · management and general $48,000

• 13 · Office expenses

  total $1,500 · program services $1,500

• 14 · Information technology

  total $2,567 · management and general $2,567

• 16 · Occupancy

  total $209,330 · program services $204,778 · management and general $4,552

• 20 · Interest

  total $29,933 · program services $29,282 · management and general $651

• 22 · Depreciation, depletion and amortization

  total $145,560 · program services $142,395 · management and general $3,165

• 23 · Insurance

  total $23,045 · program services $22,544 · management and general $501

• 24a · Other expenses: COMMUNITY CENTER EXPENS

  total $48,000 · program services $48,000

• 24b · Other expenses: UNRECOVERED COST BASIS

  total $1,488 · program services $1,456 · management and general $32

• 24c · Other expenses: DUES, SUBSCRIPTIONS, &

  total $650 · management and general $650

• 24d · Other expenses: LATE FEES

  total $17 · management and general $17

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $53,239 · end of year $30,077

• 4 · Accounts receivable

  beginning of year $270,883 · end of year $1,395

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,110 · end of year $1,980

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

  $5,534,700

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

  $2,888,116

• 10c · Land, buildings and equipment, net

  beginning of year $2,687,357 · end of year $2,646,584

• 15 · Other assets

  beginning of year $0 · end of year $297,182

• 17 · Accounts payable and accrued expenses

  beginning of year $85,955 · end of year $73,106

• 19 · Deferred revenue

  beginning of year $758,810 · end of year $2,408,111

• 23 · Secured mortgages and notes payable

  beginning of year $487,051 · end of year $414,008

• 25 · Other liabilities

  beginning of year $1,625,016 · end of year $19,600

• 27 · Net assets without donor restrictions

  beginning of year $56,757 · end of year $62,393

The filer's explanations (Part III)

PART I, LINE 3

AFTER A SINGLE MEMBER SUBSTITUTION, OTTERBEIN HOMES ASSUMED RESPONSIBILITY FOR COMPENSATION POLICIES. CEO COMPENSATION IS NOW DETERMINED THROUGH A COMPENSATION COMMITTEE, A COMPENSATION SURVEY, BOARD OR COMMITTEE APPROVAL AND DOCUMENTED IN A WRITTEN EMPLOYMENT CONTRACT.

PART I, LINE 4B

457(F) CONTRIBUTIONS: JILL WILSON $118,300 JASON MILLER $65,359 CHRIS GREEN $58,766