Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $12,752

• 1f · All other contributions, gifts and grants

  $198,854

• 2a · Program service revenue: RESIDENTAL REVENUE

  total $16,265,451 · related or exempt $16,265,451

• 2b · Program service revenue: DEPARTMENTAL REVENUE

  total $48,678 · related or exempt $48,678

• 3 · Investment income

  total $245,500 · excluded $245,500

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

  total $28 · excluded $28

• 7a · Gross sales of assets other than inventory

  securities $5,377,592

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

  securities $5,480,794

• 7c · Gain or loss

  securities -$103,202

• 7d · Net gain or loss

  total -$103,202 · excluded -$103,202

• 11a · Other revenue: PENSION ACCRUAL ADJUSTMENT

  total $341,080 · excluded $341,080

• 11b · Other revenue: DIETARY

  total $62,509 · excluded $62,509

• 11c · Other revenue: BEAUTY & BARBER

  total $41,591 · excluded $41,591

• 11d · All other revenue

  total $70,987 · excluded $70,987

• 11e · Other revenue, total

  $516,167

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $51,000 · program services $51,000

• 5 · Compensation of officers, directors and key employees

  total $226,798 · management and general $226,798

• 7 · Other salaries and wages

  total $3,692,672 · program services $3,575,271 · management and general $117,401

• 8 · Pension plan contributions

  total $109,339 · program services $99,737 · management and general $9,602

• 9 · Other employee benefits

  total $786,679 · program services $717,595 · management and general $69,084

• 10 · Payroll taxes

  total $289,759 · program services $264,313 · management and general $25,446

• 11b · Fees: legal

  total $22,694 · management and general $22,694

• 11c · Fees: accounting

  total $14,620 · management and general $14,620

• 11f · Fees: investment management

  total $28,530 · management and general $28,530

• 11g · Fees: other

  total $1,412,972 · program services $1,349,580 · management and general $63,392

• 12 · Advertising and promotion

  total $183,237 · management and general $183,237

• 13 · Office expenses

  total $1,399,207 · program services $1,220,138 · management and general $179,069

• 14 · Information technology

  total $91,576 · management and general $91,576

• 16 · Occupancy

  total $1,218,300 · program services $1,159,600 · management and general $58,700

• 17 · Travel

  total $6,671 · program services $6,085 · management and general $586

• 20 · Interest

  total $738,767 · program services $703,172 · management and general $35,595

• 22 · Depreciation, depletion and amortization

  total $2,140,291 · program services $2,037,167 · management and general $103,124

• 23 · Insurance

  total $189,757 · program services $180,614 · management and general $9,143

• 24a · Other expenses: INTERCOMPANY EXPENSE

  total $761,076 · management and general $761,076

• 24b · Other expenses: BAD DEBT

  total $95,175 · program services $95,175

• 24c · Other expenses: RESTRICTED GIFT EXPENDI

  total $75,694 · program services $75,694

• 24d · Other expenses: LOSS ON REFINANCING

  total $44,260 · management and general $44,260

• 24e · All other expenses

  total $91,913 · program services $13,642 · management and general $78,271

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,607,298 · end of year $4,326,431

• 2 · Savings and temporary cash investments

  end of year $87

• 4 · Accounts receivable

  beginning of year $869,036 · end of year $423,317

• 8 · Inventories for sale or use

  beginning of year $109,276 · end of year $117,440

• 9 · Prepaid expenses and deferred charges

  beginning of year $139,563 · end of year $142,705

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

  $46,287,067

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

  $4,469,319

• 10c · Land, buildings and equipment, net

  beginning of year $42,537,112 · end of year $41,817,748

• 11 · Investments: publicly traded securities

  beginning of year $5,299,660 · end of year $11,199,236

• 14 · Intangible assets

  beginning of year $6,490,000 · end of year $6,490,000

• 17 · Accounts payable and accrued expenses

  beginning of year $1,600,070 · end of year $1,857,360

• 19 · Deferred revenue

  beginning of year $197,000 · end of year $16,340,731

• 20 · Tax-exempt bond liabilities

  beginning of year $26,895,985 · end of year $26,062,815

• 21 · Escrow or custodial account liability

  beginning of year $82 · end of year $87

• 25 · Other liabilities

  beginning of year $24,379,868 · end of year $8,215,928

• 27 · Net assets without donor restrictions

  beginning of year $7,507,725 · end of year $11,616,195

• 28 · Net assets with donor restrictions

  beginning of year $471,215 · end of year $423,848

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