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Nonprofiteer
← KEYSTONE OPPORTUNITY CENTER INC

Form 990 for tax year 2023

Filed by KEYSTONE OPPORTUNITY CENTER INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 12 November 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$2,592,153 changed to $1,479,906
Total expenses
$2,753,467 changed to $1,633,000
Contributions and grants received
$2,429,114 changed to $1,384,144
Grants paid
$464,223 changed to $232,849
Program service revenue
$166,017 changed to $77,066
Investment income
-$3,568 changed to $18,101
Other revenue
$590 changed to $595
Total assets, end of year
$2,849,278 changed to $2,690,134
Total liabilities, end of year
$301,728 changed to $289,378
Net assets or fund balances, end of year
$2,547,550 changed to $2,400,756
Program services expenses
$2,231,056 changed to $1,326,509
Management and general expenses
$342,405 changed to $228,041
Fundraising expenses
$180,006 changed to $78,450
Program service expenses (Part III)
$2,231,056 changed to $1,326,509

Listed only on the later return

  • Kelly Boyle
  • Robert Baker

Totals

Total revenue
$2,592,153
Total expenses
$2,753,467
Contributions and grants received
$2,429,114
Grants paid
$464,223
Program service revenue
$166,017
Investment income
-$3,568
Other revenue
$590
Total assets, end of year
$2,849,278
Total liabilities, end of year
$301,728
Net assets or fund balances, end of year
$2,547,550
Program services expenses (Part IX)
$2,231,056
Management and general expenses
$342,405
Fundraising expenses
$180,006
Program service expenses (Part III)
$2,231,056

Program services were 81.0% 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.

  • 1c · Fundraising events

    $19,941

  • 1e · Government grants (contributions)

    $1,419,680

  • 1f · All other contributions, gifts and grants

    $989,493

  • 1g · Noncash contributions included above

    $381,647

  • 2a · Program service revenue: RENTAL REVENUE

    total $166,017 · related or exempt $166,017

  • 3 · Investment income

    total $40,105 · excluded $40,105

  • 7a · Gross sales of assets other than inventory

    securities $264,132

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

    securities $296,494 · other assets $11,311

  • 7c · Gain or loss

    securities -$32,362 · other assets -$11,311

  • 7d · Net gain or loss

    total -$43,673 · excluded -$43,673

  • 8a · Fundraising events: gross income

    $7,707

  • 8a · Fundraising events: contributions included on line 1c

    $19,941

  • 8b · Fundraising events: direct expenses

    $10,429

  • 8c · Net income from fundraising events

    total -$2,722 · excluded -$2,722

  • 11a · Other revenue: OTHER INCOME

    total $3,312 · related or exempt $3,312

  • 11e · Other revenue, total

    $3,312

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $464,223 · program services $464,223

  • 5 · Compensation of officers, directors and key employees

    total $109,177 · management and general $81,884 · fundraising $27,293

  • 7 · Other salaries and wages

    total $1,033,526 · program services $830,600 · management and general $94,140 · fundraising $108,786

  • 8 · Pension plan contributions

    total $17,024 · program services $13,214 · management and general $2,530 · fundraising $1,280

  • 9 · Other employee benefits

    total $40,242 · program services $30,551 · management and general $9 · fundraising $9,682

  • 10 · Payroll taxes

    total $97,883 · program services $72,460 · management and general $14,285 · fundraising $11,138

  • 11c · Fees: accounting

    total $68,952 · management and general $68,952

  • 11f · Fees: investment management

    total $7,453 · management and general $7,453

  • 11g · Fees: other

    total $63,728 · program services $31,068 · management and general $32,660

  • 12 · Advertising and promotion

    total $360 · fundraising $360

  • 13 · Office expenses

    total $52,665 · program services $36,042 · management and general $11,572 · fundraising $5,051

  • 14 · Information technology

    total $53,614 · program services $36,617 · management and general $7,571 · fundraising $9,426

  • 16 · Occupancy

    total $69,550 · program services $67,232 · management and general $1,830 · fundraising $488

  • 17 · Travel

    total $12,782 · program services $12,773 · management and general $9

  • 19 · Conferences, conventions and meetings

    total $3,231 · program services $3,060 · management and general $25 · fundraising $146

  • 22 · Depreciation, depletion and amortization

    total $40,281 · program services $36,718 · management and general $2,670 · fundraising $893

  • 23 · Insurance

    total $34,134 · program services $21,874 · management and general $10,295 · fundraising $1,965

  • 24a · Other expenses: PROGRAM EXPENSES

    total $450,142 · program services $446,868 · management and general $3,126 · fundraising $148

  • 24b · Other expenses: MISC. CLIENT ASSISTANCE

    total $57,492 · program services $57,492

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $31,739 · program services $29,856 · management and general $1,525 · fundraising $358

  • 24d · Other expenses: TEXTBOOKS

    total $19,597 · program services $19,597

  • 24e · All other expenses

    total $25,672 · program services $20,811 · management and general $1,869 · fundraising $2,992

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,012,192 · end of year $916,570

  • 2 · Savings and temporary cash investments

    beginning of year $85,352 · end of year $10,575

  • 3 · Pledges and grants receivable

    beginning of year $291,471 · end of year $271,377

  • 4 · Accounts receivable

    beginning of year $12,236 · end of year $12,303

  • 8 · Inventories for sale or use

    beginning of year $7,661 · end of year $6,126

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,824 · end of year $5,173

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

    $1,759,635

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

    $1,070,519

  • 10c · Land, buildings and equipment, net

    beginning of year $674,973 · end of year $689,116

  • 11 · Investments: publicly traded securities

    beginning of year $856,610 · end of year $914,722

  • 15 · Other assets

    beginning of year $31,576 · end of year $23,316

  • 17 · Accounts payable and accrued expenses

    beginning of year $104,741 · end of year $62,406

  • 19 · Deferred revenue

    beginning of year $44,177 · end of year $42,012

  • 23 · Secured mortgages and notes payable

    beginning of year $160,000 · end of year $160,000

  • 25 · Other liabilities

    beginning of year $45,173 · end of year $37,310

  • 27 · Net assets without donor restrictions

    beginning of year $2,529,991 · end of year $2,496,010

  • 28 · Net assets with donor restrictions

    beginning of year $92,813 · end of year $51,540

Mission and programs · 2023

Mission

KEYSTONE OPPORTUNITY CENTER IS A LEADING PROVIDER OF SOCIAL SERVICE PROGRAMS ACROSS BUCKS AND MONTGOMERY COUNTIES. THE THREE MAIN AREAS OF FOCUS ARE HOUSING, FOOD, AND EDUCATION.

  • HOUSING - KEYSTONE'S HOUSING DEPARTMENT PROVIDES A MIX OF HOUSING OPTIONS TO COMMUNITY MEMBERS STRUGGLING WITH HOUSING INSECURITY. THROUGH A PARTNERSHIP WITH HUD AND MONTGOMERY COUNTY'S YOUR WAY HOME, KEYSTONE OPPORTUNITY CENTER PROVIDES RAPID RE-HOUSING AND PERMANENT SUPPORTIVE HOUSING OPPORTUNITIES TO THE COMMUNITY. KEYSTONE ALSO PROVIDES 19 UNITS OF AFFORDABLE HOUSNG OPPORTUNITIES TO COMMUNITY MEMBERS IN NEED.

    Expenses $857,490 · Grants $450,533 · Revenue $166,017

  • EDUCATION - AS ONE OF ONLY TWO TITLE II EDUCATION PROGRAMS IN MONTGOMERY COUNTY, KEYSTONE OPPORTUNITY CENTER OFFERS A VARIETY OF EDUCATIONAL OPPORTUNITIES THAT HELP PEOPLE ACHIEVE THEIR EDUCATIONAL GOALS, ALLOWING THEM TO BECOME MORE EMPLOYABLE. THESE OPPORTUNITIES INCLUDE ENGLISH AS A SECOND LANGUAGE, HIGH SCHOOL EQUIVALENCY, CITIZENSHIP SUPPORT AND PRIVATE TUTORING.

    Expenses $631,590

  • FOOD PROGRAMS - KEYSTONE'S FOOD PROGRAMS OFFER COMMUNITY MEMBERS STRUGGLING WITH FOOD INSECURITY THE RESOURCES NEEDED TO ENSURE THEY AND THEIR FAMILIES HAVE ACCESS TO HEALTH FOOD OPTIONS, ALLOWING THEIR LIMITED FINANCES TO BE DEDICATED TO HOUSING SECURITY. KEYSTONE'S FOOD PANTRY PROVIDES SHELF- STABLE FOOD, FRESH PRODUCE, MEAT, DAIRY PRODUCTS AND SPECIALTY FOODS. KEYSTONE ALSO OPERATES A FRESH FOR ALL PROGRAM THAT DISTRIBUTES 5,500 POUNDS OF FRESH PRODUCE INTO THE COMMUNITY EVERY WEEK.

    Expenses $583,003

  • COMMUNITY SERVICES HELPS THOSE IN NEED TO NAVIGATE VARIOUS AGENCIES AND PROGRAMS THAT MAY BE ABLE TO ASSIST THEM WITH THEIR SPECIFIC NEEDS. WE PROVIDE REFERRALS OR ASSISTANCE WITH APPLICATIONS FOR PROGRAMS THAT ARE BOTH WITHIN KEYSTONE AND WITHOUT. WE ALSO PROVIDE DIRECT CLIENT ASSISTANCE TO ADDRESS SUDDEN, ONE-TIME EXPENDITURES THAT COULD END IN HOMELESSNESS IF NOT ADDRESSED. FUNDING FOR DIRECT CLIENT ASSISTANCE IS PROVIDED BY GRANTS AND INDIVIDUAL OR ORGANIZATIONAL DONATIONS.

    Expenses $158,973 · Grants $21,158

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Trish Sneddon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Ed Rosario

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    3

  • Suzanne Cressman

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Tracy Voce

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Martha Buccino

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Catherine Hoath

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Brian Newman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ronald Price

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sara Sanders

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Robert Zukowski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Brandon Trombetta

    EXECUTIVE DI

    Total calculated
    $109,177
    From this org
    $109,177
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

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.

Provenance

Return type
form_990
Tax year
2023
Filed
27 June 2024
IRS schema version
2023v5.0
Source object
202411799349301011

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