Olive Plaza FY2023 filing

Tax-deductible

Eugene, OR501(c)(3)Since 1977HousingEIN 93-0697043Revenue $1.8M in FY2023

On file with the IRS1133 Olive St, 97401-3524 · Eugene, ORTax-exempt since Dec 2016Publicly supported — 509(a)(2)

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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.
93¢ 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
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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6.0M
92% of total assets
Concern: liabilities are 92% 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
$1.8M
+3% vs prior year
Spent
$1.9M
To programs
93%
Net assets
$556K
By yearFY2020–FY2024
Revenue
$1.8M
FY2023▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$1.7M
FY2022$1.7M
FY2023$1.8M
FY2024$15.1M
Expenses
$1.9M
FY2023▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.5M
FY2022$1.5M
FY2023$1.9M
FY2024$207K
Net assets
$556K
FY2023▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2020$248K
FY2021$497K
FY2022$714K
FY2023$556K
FY2024$15.5M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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

93 cents of each dollar spent went to programs.

Program services 93% · $1.8M Management & general 7% · $126K

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.

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Provided by the organization

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1 program · $1.8M · in their own filed words · FY2023
01

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

$1.8Mprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Fees for servicesLn 2g$1.7M
Gifts and grantsLn 1h$12K
Investment incomeLn 3$36
Money outPt IX
$1.9M
Ln 25
Programscol B$1.8M
Managementcol C$126K
Owns and owesPt X
$556K
net assets · Ln 32
Cash and savingsLn 1–2$274K
Total assetsLn 16$6.6M
LiabilitiesLn 26$6.0M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12K
Government grantsLn 1e$12K
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$36
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$274K
Cash and savings togetherLn 1–2$274K
Land, buildings, equipmentLn 10c$4.6M
Other assetsLn 15$1.7M
Total assetsLn 16$6.6M
LiabilitiesLn 26$6.0M
Net assetsLn 32$556K
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 FY23End FY23
Cash and savingsLn 1–2$372K$274K
Land, buildings, equipmentLn 10c$4.8M$4.6M
Total assetsLn 16$6.6M$6.6M
LiabilitiesLn 26$5.9M$6.0M
Net assetsLn 32$714K$556K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$372K$372K
Other employee benefitsLn 9$48K$48K
Payroll taxesLn 10$34K$34K
Management feesLn 11a$94K$94K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$30K$30K
Advertising and promotionLn 12$999$999
Office expensesLn 13$65K$65K
OccupancyLn 16$382K$382K
InterestLn 20$13K$13K
Depreciation, depletion and amortizationLn 22$280K$280K
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$568K$568K$48
All other expensesLn 24e$11K$11K
Total functional expensesLn 25$1.9M$1.8M$126K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $15.1M$207K$14.9M$15.5M 990 PDF
FY2023 Viewing $1.8M$1.9M−$158K$556K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $1,759,188 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$12,208
I-9 Program service revenuePrior year $1,702,819$1,746,944
I-10 Investment incomePrior year $28$36
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,702,847$1,759,188
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 $389,499$453,885
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,096,038$1,463,346
I-18 Total expensesPrior year $1,485,537$1,917,231
I-19 Revenue less expensesPrior year $217,310−$158,043
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $1,759,188 across 5 lines filed
VIII-1e Government grants$12,208
VIII-1h Total contributions, gifts and grants$12,208
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,746,944$1,746,944
VIII-3 Investment incomeRelated to mission $36$36
VIII-12 Total revenueRelated to mission $1,746,980 · Unrelated business $0 · Excluded from tax $0$1,759,188
Part IX · Statement of functional expenses $1,917,231 across 14 lines filed
IX-7 Other salaries and wagesPrograms $371,500$371,500
IX-9 Other employee benefitsPrograms $48,354$48,354
IX-10 Payroll taxesPrograms $34,031$34,031
IX-11a Management feesManagement $93,926$93,926
IX-11b Legal feesManagement $1,778$1,778
IX-11c Accounting feesManagement $30,305$30,305
IX-12 Advertising and promotionPrograms $999$999
IX-13 Office expensesPrograms $65,070$65,070
IX-16 OccupancyPrograms $381,509$381,509
IX-20 InterestPrograms $12,703$12,703
IX-22 Depreciation, depletion and amortizationPrograms $280,345$280,345
IX-23 InsurancePrograms $18,063$18,063
IX-24 Other expenses (24a–d)Programs $567,560 · Management $48$567,608
IX-24e All other expensesPrograms $11,040$11,040
IX-25 Total functional expensesPrograms $1,791,174 · Management $126,057 · Fundraising $0$1,917,231
Part X · Balance sheet $6,573,637 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $371,603$273,994
X-4 Accounts receivableStart of year $3,511$2,562
X-9 Prepaid expenses and deferred chargesStart of year $10,831$10,960
X-10c Land, buildings and equipment, netStart of year $4,824,537$4,558,440
X-15 Other assetsStart of year $1,385,796$1,727,681
X-16 Total assetsStart of year $6,596,278$6,573,637
X-17 Accounts payable and accrued expensesStart of year $191,062$223,418
X-25 Other liabilitiesStart of year $418,390$635,720
X-26 Total liabilitiesStart of year $5,882,360$6,017,762
X-27 Net assets without donor restrictionsStart of year $713,918$555,875
X-32 Total net assets or fund balancesStart of year $713,918$555,875
X-33 Total liabilities and net assetsStart of year $6,596,278$6,573,637
Part XI · Reconciliation of net assets $555,875 net assets at year end
XI-1 Total revenue$1,759,188
XI-2 Total expenses$1,917,231
XI-3 Revenue less expenses−$158,043
XI-4 Net assets at start of year$713,918
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$555,875

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

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