Civic Intelligence

Opportunities for the Aging Housing Corp

EIN 22-2809543 • 501(c)3 • Philadelphia, PA

Profile

Opportunities for the aging housing corporation iii (a commonwealth of pennsylvania not for profit corporation) (the "corporation") was organized to own and operate a 60-unit apartment community in philadelphia, pennsylvania, known as opportunities tower iii (the "community"), pursuant to section 207 pursuant to section 223(f) of the national housing act as amended. The corporation has entered into the standard fha regulatory agreements governing the operation of the community with the federal housing administration section of hud.

5524-60 Haverford AvenuePhiladelphia, PA 19139

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

1.87x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

4.25x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

26th percentile

-6.3%

Higher net margin than 26% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

21st percentile

-6.5%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

35th percentile

-0.7%

Faster revenue growth than 35% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$2,152,664

Down $150,337 (-6.5%) from 2017

Liabilities

Down

$4,027,506

Down $90,695 (-2.2%) from 2017

Net Assets

Down

-$1,874,842

Down $59,642 (-3.3%) from 2017

Operations
Liabilities / Revenue96th percentileNet Margin26th percentile

Revenue

Down

$947,486

Down $6,223 (-0.7%) from 2017

Expenses

Up

$1,007,128

Up $32,410 (+3.3%) from 2017

Net Income

Down

-$59,642

Down $38,633 (-184%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth21st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $3,079,060Liabilities 2010: $4,655,531Net Assets 2010: -$1,576,4712010Assets 2011: $2,931,263Liabilities 2011: $4,605,454Net Assets 2011: -$1,674,1912011Assets 2012: $3,020,000Liabilities 2012: $4,604,488Net Assets 2012: -$1,584,4882012Assets 2013: $2,794,547Liabilities 2013: $4,455,337Net Assets 2013: -$1,660,7902013Assets 2014: $2,709,890Liabilities 2014: $4,388,391Net Assets 2014: -$1,678,5012014Assets 2015: $2,600,128Liabilities 2015: $4,318,233Net Assets 2015: -$1,718,1052015Assets 2016: $2,425,955Liabilities 2016: $4,220,146Net Assets 2016: -$1,794,1912016Assets 2017: $2,303,001Liabilities 2017: $4,118,201Net Assets 2017: -$1,815,2002017Assets 2018: $2,152,664Liabilities 2018: $4,027,506Net Assets 2018: -$1,874,8422018

Highlighted filing

2018

Assets$2,152,664
Liabilities$4,027,506
Net Assets-$1,874,842
Open 2018 Filing

Operations Trend

Revenue Growth35th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2010: $887,638Expenses 2010: $985,220Net Income 2010: -$97,5822010Expenses 2011: $984,3952011Expenses 2012: $971,0472012Revenue 2013: $934,537Expenses 2013: $1,010,839Net Income 2013: -$76,3022013Revenue 2014: $943,041Expenses 2014: $960,752Net Income 2014: -$17,7112014Revenue 2015: $915,387Expenses 2015: $954,991Net Income 2015: -$39,6042015Revenue 2016: $944,874Expenses 2016: $1,020,960Net Income 2016: -$76,0862016Revenue 2017: $953,709Expenses 2017: $974,718Net Income 2017: -$21,0092017Revenue 2018: $947,486Expenses 2018: $1,007,128Net Income 2018: -$59,6422018

Highlighted filing

2018

Revenue$947,486
Expenses$1,007,128
Net Income-$59,642
Open 2018 Filing

Filings

Most recent year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,152,664
Liabilities
$4,027,506
Net assets
-$1,874,842
Revenue
$947,486
Expenses
$1,007,128
Net income
-$59,642
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$2.15$4.03$1.87$0.95$1.01$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.30$4.12$1.82$0.95$0.97$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.43$4.22$1.79$0.94$1.02$0.08
2015Detailed filing. Detailed filing data is available for this year.$2.60$4.32$1.72$0.92$0.95$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.71$4.39$1.68$0.94$0.96$0.02
2013Detailed filing. Detailed filing data is available for this year.$2.79$4.46$1.66$0.93$1.01$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.02$4.60$1.58$0.97
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.93$4.61$1.67$0.98
2010Summary only. Only limited summary data is available for this year.$3.08$4.66$1.58$0.89$0.99$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 11, 2019
Return Version
2018v3.1
Gross Receipts
$947,486
Mission and Program Overview

Mission

Opportunities for the aging housing corporation iii (a commonwealth of pennsylvania not for profit corporation) (the "corporation") was organized to own and operate a 60-unit apartment community in philadelphia, pennsylvania, known as opportunities tower iii (the "community"), pursuant to section 207 pursuant to section 223(f) of the national housing act as amended. The corporation has entered into the standard fha regulatory agreements governing the operation of the community with the federal housing administration section of hud.

To promote the welfare of the needy, elderly and handicapped families through the provision of housing for low and moderate income individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,948,190$1,807,298▼ $140,892
Intangible Assets$133,567$128,006▼ $5,561
Cash and Non-Interest-Bearing Accounts$37,000$48,953▲ $11,953
Prepaid Expenses and Deferred Charges$8,225$8,267▲ $42
Accounts Receivable$220$1,271▲ $1,051
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$2,303,001$2,152,664▼ $150,337
Other Assets Total$175,799$158,869▼ $16,930
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,055,815$3,955,487▼ $100,328
Accounts Payable and Accrued Expenses$31,226$43,434▲ $12,208
Other Liabilities$31,160$28,585▼ $2,575
Total Liabilities$4,118,201$4,027,506▼ $90,695
Net Assets / Fund Balance
Unrestricted Net Assets$-1,815,200$-1,874,842▼ $59,642
Total Net Assets Fund Balance$-1,815,200$-1,874,842▼ $59,642
Total Liabilities and Net Assets / Fund Balance$2,303,001$2,152,664▼ $150,337

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,551,598$2,939,534$4,491,132
Other Land Buildings$210,608$697,613$908,221
Land$35,000-$35,000
Leasehold Improvements$10,092$3,491$13,583
Other Assets Org$14,941--
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Ronald J Harper EsquireChairman/Sec.
Gary BurgessDirector
Thomasenia CottonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$726,690
Program Service Revenue
$218,247
Investment Income
$31
Other Revenue
$2,518
Change in Net Assets
$-59,642

Audited Revenue Reconciliation

Revenue per Audited Statements
$947,486
Total Revenue per Audited Statements
$947,486
Total Revenue per Form 990
$947,486
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$786,003
Salaries, Compensation, and Employee Benefits$221,125
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$162,473--$162,473
Other Salaries and Wages$156,631--$156,631
Depreciation Depletion$153,143--$153,143
All Other Expenses$91,673--$91,673
Other Employee Benefits$45,973--$45,973
Fees for Services Management$39,030--$39,030
Insurance$28,390--$28,390
Office Expenses$23,313--$23,313
Other Expenses$23,182--$23,182
Payroll Taxes$16,018--$16,018
Fees for Services Accounting$15,420--$15,420
Pension Plan Contributions$2,503--$2,503
Conferences and Meetings$1,366--$1,366
Advertising$1,331--$1,331
Total Functional Expenses$1,007,128$0$0$1,007,128

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,007,128
Total Expenses per Audited Statements$1,007,128
Total Expenses per Form 990$1,007,128
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$14,539
Accrued Interest Payable$13,382
Note Payable$400
Prepaid Rents$222
Residual Receipts Recapture$42
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The board of directors reviews the audit before it is finalized. All of the information in the 990 is based upon this audited and reviewed information.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“A board meeting is hled to monitor and enforce compliance with the policy.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The form 990 and all related financial and policy information are made avaialble to the public upon request (written or in person).”

Part VIII Section A, Line 1A, Column B

“Average hours per week for board of directorsall of the officers and directors listed in part vii, section a performsimilar duties and have similar responsibilities for related organizations as they do for this organization. Their total hoursworked per week for this organization are similar to their hours workedfor related organizations both in terms of number of hours and type ofwork performed.”

Filing and Contact Details

Filer

Filer Name
Opportunities for the Aging Housing Corp
EIN
22-2809543
Phone
6096468861
Address
5524-60 HAVERFORD AVENUE, PHILADELPHIA, PA 19139

Signing Officer

Name
Ronald J Harper Esquire
Title
Chairman/Sec.
Signed
2019-05-11
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
David J Ardoin CPA Pc
Address
18449 CROWNSGATE CIR, GERMANTOWN, MD 20874-4425
Preparer
David J Ardoin
Phone
3015190012
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

“Oversight of auditing functionthe management company receives a copy of the audit. Prior to the finalization of the audit, a copy of the audit is given to all of the board members for their comments.when the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.”

Financial Statement Notes

Part X : FIN48 Footnote

“Accounting for uncertainty in income taxes Accounting Standards Codification (ASC) Topic 740 (ASC740), Income Taxes, prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and provides guidance on recognition, classification, interest and penalties, disclosure, and transition. It is management's belief that the Corporation does not hold any uncertain tax position. The Corporation is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any tax periods. At a minimum, the December 31, 2015 through 2017 tax years are open for examination by taxing authorities.”

Raw XML AppendixShowing 400 of 575 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt031226
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt043434
IRS990/AccountsReceivableGrp/BOYAmt0220
IRS990/AccountsReceivableGrp/EOYAmt01271
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROMOTE THE WELFARE OF THE NEEDY, ELDERLY AND HANDICAPPED FAMILIES THROUGH THE PROVISION OF HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS.
IRS990/AdvertisingGrp/ProgramServicesAmt01331
IRS990/AdvertisingGrp/TotalAmt01331
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/ProgramServicesAmt091673
IRS990/AllOtherExpensesGrp/TotalAmt091673
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0COMMUNITY REALTY MANAGEMENT
IRS990/BooksInCareOfDetail/PhoneNum06096468861
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt036 SOUTH MAIN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0PLEASANTVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd008232
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt037000
IRS990/CashNonInterestBearingGrp/EOYAmt048953
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt01366
IRS990/ConferencesMeetingsGrp/TotalAmt01366
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0726690
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt031
IRS990/CYOtherExpensesAmt0786003
IRS990/CYOtherRevenueAmt02518
IRS990/CYProgramServiceRevenueAmt0218247
IRS990/CYRevenuesLessExpensesAmt0-59642
IRS990/CYSalariesCompEmpBnftPaidAmt0221125
IRS990/CYTotalExpensesAmt01007128
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0947486
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0153143
IRS990/DepreciationDepletionGrp/TotalAmt0153143
IRS990/Desc0OPPORTUNITIES FOR THE AGING HOUSING CORPORATION III (A COMMONWEALTH OF PENNSYLVANIA NOT FOR PROFIT CORPORATION) (THE "CORPORATION") WAS ORGANIZED TO OWN AND OPERATE A 60-UNIT APARTMENT COMMUNITY IN PHILADELPHIA, PENNSYLVANIA, KNOWN AS OPPORTUNITIES TOWER III (THE "COMMUNITY"), PURSUANT TO SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt01007128
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt015420
IRS990/FeesForServicesAccountingGrp/TotalAmt015420
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt039030
IRS990/FeesForServicesManagementGrp/TotalAmt039030
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt07.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt16.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt27.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0RONALD J HARPER ESQUIRE
IRS990/Form990PartVIISectionAGrp/PersonNm1THOMASENIA COTTON
IRS990/Form990PartVIISectionAGrp/PersonNm2GARY BURGESS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman/Sec.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0false
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GovernmentGrantsAmt0726690
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0947486
IRS990/GroupExemptionNum09180
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt028390
IRS990/InsuranceGrp/TotalAmt028390
IRS990/IntangibleAssetsGrp/BOYAmt0133567
IRS990/IntangibleAssetsGrp/EOYAmt0128006
IRS990/InterestGrp/ProgramServicesAmt0162473
IRS990/InterestGrp/TotalAmt0162473
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt031
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt031
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03640638
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01948190
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01807298
IRS990/LandBldgEquipCostOrOtherBssAmt05447936
IRS990/LegalDomicileStateCd0PA
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0OPPORTUNITIES FOR THE AGING HOUSING CORPORATION III (A COMMONWEALTH OF PENNSYLVANIA NOT FOR PROFIT CORPORATION) (THE "CORPORATION") WAS ORGANIZED TO OWN AND OPERATE A 60-UNIT APARTMENT COMMUNITY IN PHILADELPHIA, PENNSYLVANIA, KNOWN AS OPPORTUNITIES TOWER III (THE "COMMUNITY"), PURSUANT TO SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04055815
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03955487
IRS990/NetAssetsOrFundBalancesBOYAmt0-1815200
IRS990/NetAssetsOrFundBalancesEOYAmt0-1874842
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt023313
IRS990/OfficeExpensesGrp/TotalAmt023313
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0175799
IRS990/OtherAssetsTotalGrp/EOYAmt0158869
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt045973
IRS990/OtherEmployeeBenefitsGrp/TotalAmt045973
IRS990/OtherExpensesGrp/Desc0MAINTENANCE CONTRACTS
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2SECURITY CONTRACT
IRS990/OtherExpensesGrp/Desc3CONGREGATE EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0111832
IRS990/OtherExpensesGrp/ProgramServicesAmt194953
IRS990/OtherExpensesGrp/ProgramServicesAmt239897
IRS990/OtherExpensesGrp/ProgramServicesAmt323182
IRS990/OtherExpensesGrp/TotalAmt0111832
IRS990/OtherExpensesGrp/TotalAmt194953
IRS990/OtherExpensesGrp/TotalAmt239897
IRS990/OtherExpensesGrp/TotalAmt323182
IRS990/OtherLiabilitiesGrp/BOYAmt031160
IRS990/OtherLiabilitiesGrp/EOYAmt028585
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/BusinessCd2531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/Desc2TENANT CHARGES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02295
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt180
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2143
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02295
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt180
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2143
IRS990/OtherRevenueTotalAmt02518
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0156631
IRS990/OtherSalariesAndWagesGrp/TotalAmt0156631
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt016018
IRS990/PayrollTaxesGrp/TotalAmt016018
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02503
IRS990/PensionPlanContributionsGrp/TotalAmt02503
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08225
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08267
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0218247
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0218247
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0732019
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt026
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0796224
IRS990/PYOtherRevenueAmt02421
IRS990/PYProgramServiceRevenueAmt0219243
IRS990/PYRevenuesLessExpensesAmt0-21009
IRS990/PYSalariesCompEmpBnftPaidAmt0178494
IRS990/PYTotalExpensesAmt0974718
IRS990/PYTotalRevenueAmt0953709
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-59642
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0218247
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SCHEDULE A, PART II, LINE 10MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Support Schedule: Additional Supplemental Information
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0726690
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0732019
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0730774
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0699442
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0730687
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03619612
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt031
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt026
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt033
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt032
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt036
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0158
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0852847
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02518
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02421
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02589
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt03564
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02541
IRS990ScheduleA/OtherIncome170Grp/TotalAmt013633
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99620
IRS990ScheduleA/PublicSupportPY170Pct00.98770
IRS990ScheduleA/PublicSupportTotal170Amt03619612
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0726690
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0732019
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0730774
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0699442
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0730687
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03619612
IRS990ScheduleA/TotalSupportAmt03633403
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01551598
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02939534
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04491132
IRS990ScheduleD/ExpensesSubtotalAmt01007128
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt035000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt035000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt010092
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03491
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt013583
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt039706
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt189216
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt215006
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt314941
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCOUNTS REC. -VENDOR
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1MORTGAGE ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPAIR ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0210608
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0697613
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0908221
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013382
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2222
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt342
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt414539
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PREPAID RENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3RESIDUAL RECEIPTS RECAPTURE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0947486
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accounting for uncertainty in income taxes Accounting Standards Codification (ASC) Topic 740 (ASC740), Income Taxes, prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and provides guidance on recognition, classification, interest and penalties, disclosure, and transition. It is management's belief that the Corporation does not hold any uncertain tax position. The Corporation is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any tax periods. At a minimum, the December 31, 2015 through 2017 tax years are open for examination by taxing authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01807298
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0158869
IRS990ScheduleD/TotalExpensesPerForm990Amt01007128
IRS990ScheduleD/TotalLiabilityAmt028585
IRS990ScheduleD/TotalRevenuePerForm990Amt0947486
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0947486
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01007128
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS THE AUDIT BEFORE IT IS FINALIZED. ALL OF THE INFORMATION IN THE 990 IS BASED UPON THIS AUDITED AND REVIEWED INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A BOARD MEETING IS HLED TO MONITOR AND ENFORCE COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAIALBLE TO THE PUBLIC UPON REQUEST (WRITTEN OR IN PERSON).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OVERSIGHT OF AUDITING FUNCTIONTHE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS.WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVERAGE HOURS PER WEEK FOR BOARD OF DIRECTORSALL OF THE OFFICERS AND DIRECTORS LISTED IN PART VII, SECTION A PERFORMSIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURSWORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKEDFOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OFWORK PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, Line 2: Change of Oversight or Selection Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VIII SECTION A, LINE 1A, COLUMN B
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd3false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd4false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd5false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd6false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd7false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd8false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd6N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd7N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd8N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0OIC OF AMERICA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1OPPORTUNITIES SERVICES CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2OIC SENIOR HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3KANSAS CITY MISSOURI HOUSING DEV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4OPPORTUNITIES FOR THE AGING HOUSING II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5SPRINGFIELD OIC SENIOR HOUSING INC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.