Loddi INC FY2023 filing

Tax-deductible

Lima, OH501(c)(3)Since 1992UnclassifiedEIN 34-1723599

To provide affordable housing to the mentally and physically challenged.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $32K a year · 15% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$365K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$237K
+32% vs prior year
Spent
$236K
To programs
74%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$237K
FY2023▲ +32%
Revenue by fiscal year
FY2020$186K
FY2021$152K
FY2022$180K
FY2023$237K
FY2024$279K
FY2025$280K
Expenses
$236K
FY2023▲ +2%
Expenses by fiscal year
FY2020$237K
FY2021$210K
FY2022$230K
FY2023$236K
FY2024$289K
FY2025$304K
Net assets
$1.5M
FY2023▲ +5%
Net assets by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$1.5M
FY2023$1.5M
FY2024$1.6M
FY2025$1.6M

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1994.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $175K Management & general 26% · $61K

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Loddi INC 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

Builds affordable homes for people with mental and physical disabilities.

Provided by the organization

This section is blank until Loddi INC claims this page.

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1 program service account for $175K of program spending, described in the organization's own filed words · FY2023.
01

To provide affordable housing to the mentally and physically challenged.

$175Kprogram expense

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$237K
Ln 12
Fees for servicesLn 2g$217K
Gifts and grantsLn 1h$19K
Investment incomeLn 3$2K
Money outPt IX
$236K
Ln 25
Programscol B$175K
Managementcol C$61K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$124K
Total assetsLn 16$1.9M
LiabilitiesLn 26$365K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$19K
Government grantsLn 1e$19K
Fees for servicesLn 2g$217K
Investment incomeLn 3$2K
Other incomeLn 4–11$251
Gains on assetsLn 7$0
Total revenueLn 12$237K
Assets in detailPt X, end of year
CashLn 1$116K
SavingsLn 2$8K
Cash and savings togetherLn 1–2$124K
InvestmentsLn 11–13$78K
Land, buildings, equipmentLn 10c$1.7M
Other assetsLn 15$0
Total assetsLn 16$1.9M
LiabilitiesLn 26$365K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 622
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$171K$124K
InvestmentsLn 11–13$68K$78K
Land, buildings, equipmentLn 10c$1.5M$1.7M
Total assetsLn 16$1.8M$1.9M
LiabilitiesLn 26$304K$365K
Net assetsLn 32$1.5M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$19K$19K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$80K$38K$42K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$6K$6K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$55K$55K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$62K$62K$258
All other expensesLn 24e$0
Total functional expensesLn 25$236K$175K$61K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $280K$304K−$24K$1.6M 990 PDF
FY2024 $279K$289K−$10K$1.6M 990 PDF
FY2023 Viewing $237K$236K$2K$1.5M 990 PDF
FY2022 $180K$230K−$50K$1.5M 990 PDF
FY2021 $152K$210K−$59K$1.3M 990 PDF
FY2020 $186K$237K−$51K$1.3M 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $237,330 across 10 lines filed
VIII-1e Government grants$18,842
VIII-1h Total contributions, gifts and grants$18,842
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $216,521$216,521
VIII-3 Investment incomeExcluded from tax $1,716$1,716
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $251$251
VIII-12 Total revenueRelated to mission $216,772 · Excluded from tax $1,716$237,330
Part IX · Statement of functional expenses $235,577 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $18,660$18,660
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $38,361 · Management $41,867$80,228
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $6,027$6,027
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $55,434$55,434
IX-23 InsurancePrograms $13,232$13,232
IX-24 Other expenses (24a–d)Programs $61,738 · Management $258$61,996
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $174,792 · Management $60,785 · Fundraising $0$235,577
Part X · Balance sheet $1,908,188 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $157,272$115,556
X-2 Savings and temporary cash investmentsStart of year $14,047$8,385
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $2,063$1,874
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $12,841$13,430
X-10c Land, buildings and equipment, netStart of year $1,525,812$1,690,957
X-11 Publicly traded securitiesStart of year $67,753$77,986
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,779,788$1,908,188
X-17 Accounts payable and accrued expensesStart of year $123,281$2,785
X-18 Grants payableStart of year $76,510$258,318
X-26 Total liabilitiesStart of year $303,856$365,217
X-27 Net assets without donor restrictionsStart of year $1,475,932$1,542,971
X-32 Total net assets or fund balancesStart of year $1,475,932$1,542,971
X-33 Total liabilities and net assetsStart of year $1,779,788$1,908,188
Part XI · Reconciliation of net assets $1,542,971 net assets at year end
XI-1 Total revenue$237,330
XI-2 Total expenses$235,577
XI-3 Revenue less expenses$1,753
XI-4 Net assets at start of year$1,475,932
XI-5 Net unrealized gains (losses) on investments$8,996
XI-6 Donated services and use of facilities$56,290
XI-10 Net assets at end of year$1,542,971

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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