Olive Plaza FY2022 filing

Tax-deductible

Eugene, OR501(c)(3)Since 1977HousingEIN 93-0697043

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Provides housing to low income elderly persons under secction 202 of the national housing act under agreement with the department of hud.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
4 of 5
filings with a surplus
Average surplus $3.1M a year · 70% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5.9M
89% of total assets
Concern: liabilities are 89% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
-0.7% vs prior year
Spent
$1.5M
To programs
92%
Net assets
$714K
By yearFY2020–FY2024
Revenue
$1.7M
FY2022▼ -0.7%
Revenue by fiscal year
FY2020$1.6M
FY2021$1.7M
FY2022$1.7M
FY2023$1.8M
FY2024$15.1M
Expenses
$1.5M
FY2022▲ +1%
Expenses by fiscal year
FY2020$1.6M
FY2021$1.5M
FY2022$1.5M
FY2023$1.9M
FY2024$207K
Net assets
$714K
FY2022▲ +44%
Net assets by fiscal year
FY2020$248K
FY2021$497K
FY2022$714K
FY2023$556K
FY2024$15.5M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2016.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $1.4M Management & general 8% · $123K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Olive Plaza 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 for low-income seniors through a federal program.

Provided by the organization

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1 program service account for $1.4M of program spending, described in the organization's own filed words · FY2022.
01

Provides housing to low income elderly persons under section 202 of the national housing act under agreement with the department of hud.

$1.4Mprogram expense

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By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$28
Money outPt IX
$1.5M
Ln 25
Programscol B$1.4M
Managementcol C$123K
Owns and owesPt X
$714K
net assets · Ln 32
Cash and savingsLn 1–2$372K
Total assetsLn 16$6.6M
LiabilitiesLn 26$5.9M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$28
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$372K
Cash and savings togetherLn 1–2$372K
Land, buildings, equipmentLn 10c$4.8M
Other assetsLn 15$1.4M
Total assetsLn 16$6.6M
LiabilitiesLn 26$5.9M
Net assetsLn 32$714K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY22End FY22
Cash and savingsLn 1–2$290K$372K
Land, buildings, equipmentLn 10c$3.7M$4.8M
Total assetsLn 16$6.4M$6.6M
LiabilitiesLn 26$5.9M$5.9M
Net assetsLn 32$497K$714K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$318K$318K
Other employee benefitsLn 9$47K$47K
Payroll taxesLn 10$25K$25K
Management feesLn 11a$92K$92K
Legal feesLn 11b$900$900
Accounting feesLn 11c$28K$28K
Advertising and promotionLn 12$999$999
Office expensesLn 13$45K$45K
OccupancyLn 16$380K$380K
InterestLn 20$13K$13K
Depreciation, depletion and amortizationLn 22$186K$186K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$333K$331K$2K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$1.5M$1.4M$123K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $15.1M$207K$14.9M$15.5M 990 PDF
FY2023 $1.8M$1.9M−$158K$556K 990 PDF
FY2022 Viewing $1.7M$1.5M$217K$714K 990 PDF
FY2021 $1.7M$1.5M$248K$497K 990 PDF
FY2020 $1.6M$1.6M$51K$248K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $1,702,847 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,702,819$1,702,819
VIII-3 Investment incomeRelated to mission $28$28
VIII-12 Total revenueRelated to mission $1,702,847 · Unrelated business $0 · Excluded from tax $0$1,702,847
Part IX · Statement of functional expenses $1,485,537 across 14 lines filed
IX-7 Other salaries and wagesPrograms $317,557$317,557
IX-9 Other employee benefitsPrograms $47,221$47,221
IX-10 Payroll taxesPrograms $24,721$24,721
IX-11a Management feesManagement $92,130$92,130
IX-11b Legal feesManagement $900$900
IX-11c Accounting feesManagement $27,605$27,605
IX-12 Advertising and promotionPrograms $999$999
IX-13 Office expensesPrograms $45,297$45,297
IX-16 OccupancyPrograms $379,937$379,937
IX-20 InterestPrograms $12,703$12,703
IX-22 Depreciation, depletion and amortizationPrograms $186,141$186,141
IX-23 InsurancePrograms $13,993$13,993
IX-24 Other expenses (24a–d)Programs $331,011 · Management $2,367$333,378
IX-24e All other expensesPrograms $2,955$2,955
IX-25 Total functional expensesPrograms $1,362,535 · Management $123,002 · Fundraising $0$1,485,537
Part X · Balance sheet $6,596,278 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $290,118$371,603
X-4 Accounts receivableStart of year $9,375$3,511
X-9 Prepaid expenses and deferred chargesStart of year $11,408$10,831
X-10c Land, buildings and equipment, netStart of year $3,694,344$4,824,537
X-15 Other assetsStart of year $2,416,211$1,385,796
X-16 Total assetsStart of year $6,421,456$6,596,278
X-17 Accounts payable and accrued expensesStart of year $209,472$191,062
X-19 Deferred revenue$0
X-25 Other liabilitiesStart of year $331,813$418,390
X-26 Total liabilitiesStart of year $5,924,848$5,882,360
X-27 Net assets without donor restrictionsStart of year $496,608$713,918
X-32 Total net assets or fund balancesStart of year $496,608$713,918
X-33 Total liabilities and net assetsStart of year $6,421,456$6,596,278
Part XI · Reconciliation of net assets $713,918 net assets at year end
XI-1 Total revenue$1,702,847
XI-2 Total expenses$1,485,537
XI-3 Revenue less expenses$217,310
XI-4 Net assets at start of year$496,608
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$713,918

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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