Open Arms Assisted Living FY2021 filing

Tax-deductible

Denver, CO501(c)(3)HousingEIN 83-2116721Revenue $527K in FY2021

On file with the IRSopenarmsmontbello.org12150 Andrews Dr, 80239-4441 · Denver, COTax-exempt since Feb 2020Publicly supported charity — 170(b)(1)(A)(vi)

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Operate a mission based Assisted Living facility for the elderly

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
1 of 5
filings with a surplus
Average surplus $88K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.1M
58% of total assets
Fine: liabilities are 58% of assets; 50% to 65%.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$527K
-86% vs prior year
Spent
$1.1M
To programs
76%
Net assets
$2.9M
By yearFY2020–FY2024
Revenue
$527K
FY2021▼ -86%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.7M
FY2021$527K
FY2022$828K
FY2023$973K
FY2024$1.3M
Expenses
$1.1M
FY2021▲ +488%
Tap a bar for its year
Expenses by fiscal year
FY2020$186K
FY2021$1.1M
FY2022$1.5M
FY2023$2.7M
FY2024$1.5M
Net assets
$2.9M
FY2021▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.5M
FY2021$2.9M
FY2022$2.2M
FY2023$535K
FY2024$357K

From the FY2021 Form 990 (year ending July 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2020.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $830K Management & general 24% · $263K Fundraising 0% · $2K

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

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Antonette Crowder’s $70K as Executive Director is at the 12th percentile of top reported officer pay among 2036 $1–10M 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022
Antonette Crowder$70,000$70,000—
Jennifer Moneypenny——$45,910
Peter Hynes——$31,730

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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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

Provide assisted living care for elderly individuals in a mission-based facility.

Questions for Open Arms Assisted Living

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Provided by the organization

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1 program · $830K · in their own filed words · FY2020
01

Operate a misson based assisted living facility for the elderly

$830Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$527K
Ln 12
Gifts and grantsLn 1h$313K
Other incomeLn 4–11$214K
Investment incomeLn 3$54
Money outPt IX
$1.1M
Ln 25
Programscol B$830K
Managementcol C$263K
Fundraisingcol D$2K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$7.0M
LiabilitiesLn 26$4.1M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$313K
Investment incomeLn 3$54
Other incomeLn 4–11$214K
Total revenueLn 12$527K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Land, buildings, equipmentLn 10c$6.6M
Other assetsLn 15$212K
Total assetsLn 16$7.0M
LiabilitiesLn 26$4.1M
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$826K$3K
Land, buildings, equipmentLn 10c$6.4M$6.6M
Total assetsLn 16$7.5M$7.0M
LiabilitiesLn 26$4.0M$4.1M
Net assetsLn 32$3.5M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$231K$204K$26K
Other fees for servicesLn 11g$226K$125K$101K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$10K$8K$2K
Information technologyLn 14$11K$9K$2K
OccupancyLn 16$21K$17K$4K
InterestLn 20$412K$326K$86K
Depreciation, depletion and amortizationLn 22$82K$65K$17K
InsuranceLn 23$24K$19K$5K
Other expenses (24a–d)Ln 24$75K$55K$19K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$1.1M$830K$263K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$1.5M−$153K$357K 990 PDF
FY2023 $973K$2.7M−$1.7M$535K 990 PDF
FY2022 $828K$1.5M−$666K$2.2M 990 PDF
FY2021 Viewing $527K$1.1M−$568K$2.9M 990 PDF
FY2020 $3.7M$186K$3.5M$3.5M 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 FY2021 990 (6 parts)
Part I · Summary $527,158 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,700,000$312,703
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$54
I-11 Other revenuePrior year $0$214,401
I-12 Total revenuePrior year $3,700,000$527,158
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$230,720
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $186,405$864,920
I-18 Total expensesPrior year $186,405$1,095,640
I-19 Revenue less expensesPrior year $3,513,595−$568,482
Part VI · Governance 4 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $527,158 across 5 lines filed
VIII-1f All other contributions, gifts and grants$312,703
VIII-1h Total contributions, gifts and grants$312,703
VIII-3 Investment incomeRelated to mission $54$54
VIII-6 Net rental income or lossRelated to mission $214,401$214,401
VIII-12 Total revenueRelated to mission $214,455 · Unrelated business $0 · Excluded from tax $0$527,158
Part IX · Statement of functional expenses $1,095,640 across 11 lines filed
IX-7 Other salaries and wagesPrograms $204,220 · Management $26,500$230,720
IX-11g Other fees for servicesPrograms $125,000 · Management $101,009$226,009
IX-12 Advertising and promotionFundraising $2,462$2,462
IX-13 Office expensesPrograms $7,585 · Management $1,996$9,581
IX-14 Information technologyPrograms $8,606 · Management $2,265$10,871
IX-16 OccupancyPrograms $16,939 · Management $4,458$21,397
IX-20 InterestPrograms $325,781 · Management $85,732$411,513
IX-22 Depreciation, depletion and amortizationPrograms $64,639 · Management $17,010$81,649
IX-23 InsurancePrograms $19,311 · Management $5,082$24,393
IX-24 Other expenses (24a–d)Programs $55,225 · Management $19,393$74,618
IX-24e All other expensesPrograms $2,427$2,427
IX-25 Total functional expensesPrograms $829,733 · Management $263,445 · Fundraising $2,462$1,095,640
Part X · Balance sheet $6,952,662 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $825,591$2,973
X-4 Accounts receivable$102,345
X-10c Land, buildings and equipment, netStart of year $6,391,973$6,635,438
X-15 Other assetsStart of year $275,478$211,906
X-16 Total assetsStart of year $7,493,042$6,952,662
X-17 Accounts payable and accrued expensesStart of year $429,446$262,742
X-25 Other liabilitiesStart of year $3,550,000$3,717,465
X-26 Total liabilitiesStart of year $3,979,446$4,065,882
X-27 Net assets without donor restrictionsStart of year $513,097$2,886,780
X-28 Net assets with donor restrictionsStart of year $3,000,499$0
X-32 Total net assets or fund balancesStart of year $3,513,596$2,886,780
X-33 Total liabilities and net assetsStart of year $7,493,042$6,952,662
Part XI · Reconciliation of net assets $2,886,780 net assets at year end
XI-1 Total revenue$527,158
XI-2 Total expenses$1,095,640
XI-3 Revenue less expenses−$568,482
XI-4 Net assets at start of year$3,513,596
XI-8 Prior period adjustments−$58,334
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,886,780

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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