Senior Options Community FY2023 filing

Tax-deductible

Virginia Beach, VA501(c)(3)Since 2021HousingEIN 87-3737198Revenue $4.8M in FY2023

On file with the IRSopusliving.com3100 Shore Drive, 23451-1199 · Virginia Beach, VATax-exempt since Jun 2022Publicly supported — 509(a)(2)

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To operate an independent living facility for adults aged 62 and older

501(c)(3) charity; gifts are tax-deductible.
78¢ 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
2 of 4
filings with a surplus
Average deficit $133K a year · 3% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$69.5M
101% of total assets
Concern: liabilities are 101% 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
$4.8M
+41% vs prior year
Spent
$5.5M
To programs
78%
Net assets
−$863K
By yearFY2022–FY2025
Revenue
$4.8M
FY2023▲ +41%
Tap a bar for its year
Revenue by fiscal year
FY2022$3.4M
FY2023$4.8M
FY2024$5.8M
FY2025$5.9M
Expenses
$5.5M
FY2023▲ +51%
Tap a bar for its year
Expenses by fiscal year
FY2022$3.6M
FY2023$5.5M
FY2024$5.7M
FY2025$5.7M
Net assets
−$863K
FY2023▼ -321%
Tap a bar for its year
Net assets by fiscal year
FY2022−$205K
FY2023−$863K
FY2024−$791K
FY2025−$531K

From the FY2023 Form 990 (year ending September 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2022.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $4.3M Management & general 22% · $1.2M

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
President/CEO
$0Pt VII · Sec A
CFO/Assistnant Treasurer
$0Pt VII · Sec A
See Senior Options Community 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 15aYes

Programs and updates

Provides independent living for adults aged 62 and older.

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Provided by the organization

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1 program · $4.3M · in their own filed words · FY2022
01

Senior options community dba opus select was incorporated in september, 2021 as a nonprofit virginia nonstock corporation, the sole member of which is westminster-canterbury. Senior options community, governed by a board of directors appointed by the board of trustees of westminster-canterbury, is a self-supporting, tax-exempt…

$4.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$4.8M
Ln 12
Fees for servicesLn 2g$4.8M
Other incomeLn 4–11$150
Money outPt IX
$5.5M
Ln 25
Programscol B$4.3M
Managementcol C$1.2M
Owns and owesPt X
−$863K
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$68.6M
LiabilitiesLn 26$69.5M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.8M
Other incomeLn 4–11$150
Total revenueLn 12$4.8M
Assets in detailPt X, end of year
CashLn 1$1.6M
Cash and savings togetherLn 1–2$1.6M
Land, buildings, equipmentLn 10c$66.5M
Other assetsLn 15$123K
Total assetsLn 16$68.6M
LiabilitiesLn 26$69.5M
Net assetsLn 32−$863K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderSeptember
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 FY23End FY23
Cash and savingsLn 1–2$872K$1.6M
Land, buildings, equipmentLn 10c$68.2M$66.5M
Total assetsLn 16$69.2M$68.6M
LiabilitiesLn 26$69.4M$69.5M
Net assetsLn 32−$205K−$863K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$248K$204K$44K
Pension plan contributionsLn 8$45K$39K$5K
Other employee benefitsLn 9$40K$35K$5K
Payroll taxesLn 10$23K$20K$3K
Management feesLn 11a$193K$193K
Legal feesLn 11b$5K$5K
Other fees for servicesLn 11g$199K$144K$55K
Advertising and promotionLn 12$129K$63K$65K
Office expensesLn 13$7K$4K$3K
Information technologyLn 14$19K$19K
OccupancyLn 16$817K$590K$227K
TravelLn 17$11$7$4
Conferences, conventions and meetingsLn 19$690$411$279
InterestLn 20$1.4M$1.4M
Depreciation, depletion and amortizationLn 22$1.9M$1.5M$432K
InsuranceLn 23$257K$257K
Other expenses (24a–d)Ln 24$220K$132K$88K
Total functional expensesLn 25$5.5M$4.3M$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.9M$5.7M$260K−$531K 990 PDF
FY2024 $5.8M$5.7M$72K−$791K 990 PDF
FY2023 Viewing $4.8M$5.5M−$658K−$863K 990 PDF
FY2022 $3.4M$3.6M−$205K−$205K 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 (6 parts)
Part I · Summary $4,836,201 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $3,439,571$4,836,051
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$150
I-12 Total revenuePrior year $3,439,571$4,836,201
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 $309,460$355,419
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,334,857$5,138,896
I-18 Total expensesPrior year $3,644,317$5,494,315
I-19 Revenue less expensesPrior year −$204,746−$658,114
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,836,201 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,836,051$4,836,051
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $150$150
VIII-12 Total revenueRelated to mission $4,836,201 · Unrelated business $0 · Excluded from tax $0$4,836,201
Part IX · Statement of functional expenses $5,494,315 across 17 lines filed
IX-7 Other salaries and wagesPrograms $204,004 · Management $44,121$248,125
IX-8 Pension plan contributionsPrograms $39,331 · Management $5,499$44,830
IX-9 Other employee benefitsPrograms $34,665 · Management $4,846$39,511
IX-10 Payroll taxesPrograms $20,138 · Management $2,815$22,953
IX-11a Management feesPrograms $193,478$193,478
IX-11b Legal feesManagement $5,331$5,331
IX-11g Other fees for servicesPrograms $144,254 · Management $55,214$199,468
IX-12 Advertising and promotionPrograms $63,436 · Management $65,359$128,795
IX-13 Office expensesPrograms $3,952 · Management $2,689$6,641
IX-14 Information technologyManagement $18,725$18,725
IX-16 OccupancyPrograms $589,660 · Management $227,101$816,761
IX-17 TravelPrograms $7 · Management $4$11
IX-19 Conferences, conventions and meetingsPrograms $411 · Management $279$690
IX-20 InterestPrograms $1,391,843$1,391,843
IX-22 Depreciation, depletion and amortizationPrograms $1,468,427 · Management $431,740$1,900,167
IX-23 InsuranceManagement $256,660$256,660
IX-24 Other expenses (24a–d)Programs $131,855 · Management $88,471$220,326
IX-25 Total functional expensesPrograms $4,285,461 · Management $1,208,854 · Fundraising $0$5,494,315
Part X · Balance sheet $68,611,456 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $872,137$1,605,684
X-4 Accounts receivableStart of year $16,936$31,904
X-9 Prepaid expenses and deferred chargesStart of year $148,193$311,292
X-10c Land, buildings and equipment, netStart of year $68,191,249$66,539,947
X-15 Other assetsStart of year $0$122,629
X-16 Total assetsStart of year $69,228,515$68,611,456
X-17 Accounts payable and accrued expensesStart of year $21,019,871$21,068,793
X-25 Other liabilitiesStart of year $31,272$19,363
X-26 Total liabilitiesStart of year $69,433,261$69,474,316
X-27 Net assets without donor restrictionsStart of year −$204,746−$862,860
X-32 Total net assets or fund balancesStart of year −$204,746−$862,860
X-33 Total liabilities and net assetsStart of year $69,228,515$68,611,456
Part XI · Reconciliation of net assets −$862,860 net assets at year end
XI-1 Total revenue$4,836,201
XI-2 Total expenses$5,494,315
XI-3 Revenue less expenses−$658,114
XI-4 Net assets at start of year−$204,746
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$862,860

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

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