Open Arms Development Corporation

Tax-deductible

Blacklick, OH501(c)(3)HousingEIN 31-1519424

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.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $21K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$561K
166% of total assets
Concern: liabilities are 166% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$368K
+18% vs prior year
Spent
$284K
To programs
94%
Net assets
−$223K
By yearFY2020–FY2024
Revenue
$368K
FY2024▲ +18%
Revenue by fiscal year
FY2020$227K
FY2021$234K
FY2022$282K
FY2023$311K
FY2024$368K
Expenses
$284K
FY2024▲ +2%
Expenses by fiscal year
FY2020$230K
FY2021$247K
FY2022$278K
FY2023$279K
FY2024$284K
Net assets
−$223K
FY2024▲ +27%
Net assets by fiscal year
FY2020−$331K
FY2021−$344K
FY2022−$340K
FY2023−$307K
FY2024−$223K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $266K Management & general 6% · $18K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Open Arms Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers housing and services for seniors and disabled individuals, promoting their well-being and independence.

Provided by the organization

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1 program service account for $266K of program spending, described in the organization's own filed words · FY2024.
01

Housing and health services.

$266Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$368K
Ln 12
Gifts and grantsLn 1h$236K
Other incomeLn 4–11$99K
Fees for servicesLn 2g$32K
Money outPt IX
$284K
Ln 25
Programscol B$266K
Managementcol C$18K
Owns and owesPt X
−$223K
net assets · Ln 32
Cash and savingsLn 1–2$41K
Total assetsLn 16$338K
LiabilitiesLn 26$561K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$236K
Government grantsLn 1e$236K
Fees for servicesLn 2g$32K
Investment incomeLn 3$1K
Other incomeLn 4–11$99K
Total revenueLn 12$368K
Assets in detailPt X, end of year
CashLn 1$41K
Cash and savings togetherLn 1–2$41K
Land, buildings, equipmentLn 10c$228K
Other assetsLn 15$49K
Total assetsLn 16$338K
LiabilitiesLn 26$561K
Net assetsLn 32−$223K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$6K$41K
Land, buildings, equipmentLn 10c$289K$228K
Total assetsLn 16$360K$338K
LiabilitiesLn 26$667K$561K
Net assetsLn 32−$307K−$223K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$8K$8K
Office expensesLn 13$23K$23K
OccupancyLn 16$38K$38K
TravelLn 17$472$472
Conferences, conventions and meetingsLn 19$475$475
Depreciation, depletion and amortizationLn 22$60K$60K
InsuranceLn 23$52K$52K
Other expenses (24a–d)Ln 24$101K$92K$9K
Total functional expensesLn 25$284K$266K$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $368K$284K$84K−$223K 990 PDF
FY2023 $311K$279K$32K−$307K 990 PDF
FY2022 $282K$278K$4K−$340K 990 PDF
FY2021 $234K$247K−$12K−$344K 990 PDF
FY2020 $227K$230K−$3K−$331K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $368,146 across 6 lines filed
VIII-1e Government grants$235,757
VIII-1h Total contributions, gifts and grants$235,757
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $31,984$31,984
VIII-3 Investment incomeExcluded from tax $1,475$1,475
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $98,930$98,930
VIII-12 Total revenueRelated to mission $130,914 · Unrelated business $0 · Excluded from tax $1,475$368,146
Part IX · Statement of functional expenses $284,251 across 8 lines filed
IX-11a Management feesManagement $8,118$8,118
IX-13 Office expensesPrograms $23,268$23,268
IX-16 OccupancyPrograms $38,061$38,061
IX-17 TravelPrograms $472$472
IX-19 Conferences, conventions and meetingsManagement $475$475
IX-22 Depreciation, depletion and amortizationPrograms $60,452$60,452
IX-23 InsurancePrograms $52,041$52,041
IX-24 Other expenses (24a–d)Programs $91,945 · Management $9,419$101,364
IX-25 Total functional expensesPrograms $266,239 · Management $18,012 · Fundraising $0$284,251
Part X · Balance sheet $337,745 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $5,675$40,823
X-3 Pledges and grants receivableStart of year $41,256$1,144
X-9 Prepaid expenses and deferred chargesStart of year $6,295$18,087
X-10c Land, buildings and equipment, netStart of year $288,858$228,406
X-15 Other assetsStart of year $17,539$49,285
X-16 Total assetsStart of year $359,623$337,745
X-17 Accounts payable and accrued expensesStart of year $78,324$7,036
X-19 Deferred revenueStart of year $105$1,108
X-25 Other liabilitiesStart of year $588,544$553,056
X-26 Total liabilitiesStart of year $666,973$561,200
X-27 Net assets without donor restrictionsStart of year −$307,350−$223,455
X-32 Total net assets or fund balancesStart of year −$307,350−$223,455
X-33 Total liabilities and net assetsStart of year $359,623$337,745
Part XI · Reconciliation of net assets −$223,455 net assets at year end
XI-1 Total revenue$368,146
XI-2 Total expenses$284,251
XI-3 Revenue less expenses$83,895
XI-4 Net assets at start of year−$307,350
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$223,455

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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