Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $356,858

• 1f · All other contributions, gifts and grants

  $80,417

• 2a · Program service revenue: RESIDENTIAL REVENUE & FEES

  total $13,723,289 · related or exempt $13,723,289

• 2b · Program service revenue: DEPARTMENTAL REVENUE

  total $5,430 · related or exempt $5,430

• 3 · Investment income

  total $351,566 · excluded $351,566

• 4 · Income from investment of tax-exempt bond proceeds

  total $134 · excluded $134

• 7a · Gross sales of assets other than inventory

  securities $12,047,164

• 7b · Less cost or other basis and sales expenses

  securities $12,165,991

• 7c · Gain or loss

  securities -$118,827

• 7d · Net gain or loss

  total -$118,827 · excluded -$118,827

• 10b · Cost of goods sold

  $2,675

• 10c · Net income from sales of inventory

  total -$2,675 · excluded -$2,675

• 11a · Other revenue: DIETARY

  total $187,603 · excluded $187,603

• 11b · Other revenue: MISCELLANEOUS

  total $12,497 · excluded $12,497

• 11c · Other revenue: HOUSEKEEPING

  total $12,354 · excluded $12,354

• 11d · All other revenue

  total $26,320 · excluded $26,320

• 11e · Other revenue, total

  $238,774

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $89,449 · management and general $89,449

• 7 · Other salaries and wages

  total $4,595,567 · program services $4,348,022 · management and general $247,545

• 8 · Pension plan contributions

  total $114,924 · program services $106,657 · management and general $8,267

• 9 · Other employee benefits

  total $709,756 · program services $658,703 · management and general $51,053

• 10 · Payroll taxes

  total $340,904 · program services $316,383 · management and general $24,521

• 11b · Fees: legal

  total $16,305 · management and general $16,305

• 11c · Fees: accounting

  total $10,537 · management and general $10,537

• 11f · Fees: investment management

  total $46,296 · management and general $46,296

• 11g · Fees: other

  total $1,245,120 · program services $1,233,157 · management and general $11,963

• 12 · Advertising and promotion

  total $410,978 · management and general $410,978

• 13 · Office expenses

  total $1,578,615 · program services $1,462,506 · management and general $116,109

• 14 · Information technology

  total $149,307 · management and general $149,307

• 16 · Occupancy

  total $1,094,185 · program services $1,046,862 · management and general $47,323

• 17 · Travel

  total $43,465 · program services $40,339 · management and general $3,126

• 20 · Interest

  total $521,694 · program services $499,131 · management and general $22,563

• 22 · Depreciation, depletion and amortization

  total $1,546,032 · program services $1,479,166 · management and general $66,866

• 23 · Insurance

  total $209,760 · program services $200,688 · management and general $9,072

• 24a · Other expenses: CORPORATE SERVICE FEES

  total $778,896 · management and general $778,896

• 24b · Other expenses: REFUNDABLE LIFE USE FEE

  total $629,227 · program services $629,227

• 24c · Other expenses: BED DEBT

  total $209,117 · program services $209,117

• 24d · Other expenses: UNRECOVERED COST BASIS

  total $49,856 · management and general $49,856

• 24e · All other expenses

  total $94,319 · program services $51,477 · management and general $42,842

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $28,067 · end of year $20,969

• 4 · Accounts receivable

  beginning of year $626,486 · end of year $967,555

• 8 · Inventories for sale or use

  beginning of year $29,029 · end of year $31,969

• 9 · Prepaid expenses and deferred charges

  beginning of year $68,335 · end of year $59,918

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

  $48,593,777

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

  $20,633,382

• 10c · Land, buildings and equipment, net

  beginning of year $25,687,189 · end of year $27,960,395

• 11 · Investments: publicly traded securities

  beginning of year $14,864,045 · end of year $17,439,718

• 14 · Intangible assets

  beginning of year $21,000 · end of year $51,000

• 15 · Other assets

  beginning of year $0 · end of year $83,261

• 17 · Accounts payable and accrued expenses

  beginning of year $1,309,519 · end of year $1,011,759

• 19 · Deferred revenue

  end of year $619,676

• 20 · Tax-exempt bond liabilities

  beginning of year $13,162,447 · end of year $11,919,400

• 21 · Escrow or custodial account liability

  beginning of year $28,067 · end of year $20,969

• 25 · Other liabilities

  beginning of year $12,869,918 · end of year $16,505,979

• 27 · Net assets without donor restrictions

  beginning of year $13,573,048 · end of year $15,986,888

• 28 · Net assets with donor restrictions

  beginning of year $381,152 · end of year $550,114

The filer's explanations (Part III)

PART I, LINE 3

THE PARENT ORGANIZATION, OTTERBEIN HOMES INC., USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR THE CEO/EXECUTIVE DIRECTOR: COMPENSATION COMMITTEE, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

PART I, LINE 4B

457(F) CONTRIBUTIONS: JILL WILSON - $110,625 JASON MILLER $62,996 CHRIS GREEN $55,787

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• OTTERBEIN PORTAGE VALLEY LLC

  REAL ESTATE HOLDING COMPANY · OH · assets $151,422

  Directly controlled by OTTERBEIN PORTAGE VALLEY