Aurora Project EIN 34-1517827

Aurora Project FY2021 filing

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Empowers homeless women and children to achieve self-sufficiency through housing and life skills. For fiscal year 2021 it reported $614K in revenue, $540K in expenses, and $864K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Toledo, OH
Website
www.auroraprojectinc.org
Filings
5 on file (2020–2021)
Revenue
$614KFY2021
Expenses
$540K
Net assets
$864K
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  34-1517827 Public charity (501(c)(3)) Toledo, OH
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers homeless women and children to achieve self-sufficiency through housing and life skills.
Leadership
Denise Fox · Executive Di · $75K
Money in and out
$614K revenue, $540K expenses
Bottom line
85% program efficiency
Where the money goes · FY2021
Total revenue
$614K
Pt VIII · Ln 12
Total expenses
$540K
Pt IX · Ln 25
Net assets
$864K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $74K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.14 Fundraising $0.01
Program efficiency
85%
of spending reaches programs
Operating runway
5.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+12%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$614K
FY2021▲ +41%
Expenses
$540K
FY2021▲ +0.7%
Total assets
$930K
FY2021▲ +12%
Total liabilities
$67K
FY2021▼ -21%
Total revenue
$614K
Pt VIII · Ln 12
Total expenses
$540K
Pt IX · Ln 25
Net assets
$864K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$74K
Total assetsPt X · Ln 16$930K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $459K of program spending, described in the organization's own filed words · FY2020.
01

Aurora project, inc. Is a comprehensive housing and life skills program designed to provide service enriched housing to homeless women and their children. It is the only program of its type in northwest ohio and southeast michigan where mothers and their children can remain together while addressing the issues that led to their…

$459Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAurora Project
EINHdr · item D34-1517827
Principal addressHdr · item CToledo, OH
WebsiteHdr · item Jwww.auroraprojectinc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L410)
Ruling yearIRS BMFAug 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Di
$74,744Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Denise Fox’s $103K as Executive Di is at the 86th percentile of top reported officer pay among 848 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Denise Fox$103,000$105,800$71,526$74,744$72,710

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$470K · 77%
Other revenue$123K · 20%
Investment income$21K · 3%
Contributions & grants77%$470K
Other revenue20%$123K
Investment income3%$21K
— government grantsLn 1e$254K
Total revenueLn 12$614K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.14 Fundraising $0.01
Program services85%$459K
Management & general14%$77K
Fundraising1%$4K
Total functional expensesLn 25$540K

Balance Sheet

Part X · end of year
CashLn 1$229K
Total assetsLn 16$930K
Total liabilitiesLn 26$67K
Total net assetsLn 32$864K
Months of cash on handcomputed5.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $229K · Operating expenses/yr $540K
5.1 months
Where the money goes
Program services
Program services $459K · Total expenses $540K
85%
Management & General
Management & general $77K · Total expenses $540K
14%
Fundraising
Fundraising $4K · Total expenses $540K
0.8%
Cost to raise $1
Fundraising expense (2-yr avg) $6K · Solicited contributions (2-yr avg) $158K
$0.04 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $470K · Total revenue $614K
77%
Government reliance
Government grants $254K · Total revenue $614K
41%
Earned-income share
Program service revenue $0 · Total revenue $614K
0%
Investment reliance
Investment income $21K · Total revenue $614K
+3%
Program self-sufficiency
Program service revenue $0 · Total expenses $540K
0%
Growth & trend
Revenue growth (YoY)
This year $614K · Prior year $435K
+41%
Net-asset trend (YoY)
End of year $864K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $614K · Expenses $540K
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $930K
Net-asset ratio
Net assets $864K · Total assets $930K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $930K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Denise Fox · Reported title EXECUTIVE DI · Highest reported compensation $75K · Total expenses $540K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $368K · Total expenses $540K
68%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 14%
Fundraising cost ratio 0.9%
Revenue growth 41%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$18K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$527K revenue · ⤓ 990 PDF
FY2023$541K revenue · ⤓ 990 PDF
FY2022$461K revenue · ⤓ 990 PDF
FY2021$614K revenue · viewing · ⤓ 990 PDF
FY2020$435K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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