Civic Intelligence

Rowan Development Inc

990 • Fiscal year 2015 • EIN 23-2787674

Jul 01, 2014 to Jun 30, 2015 • Filed on May 05, 2016

Organization ProfileN/A
2502 West Cheltenham AvenuePhiladelphia, PA 19150

(215) 754-0063

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.44x

Higher debt load relative to assets than 54% of similar nonprofits.

2015 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

62nd percentile

5.28x

Higher debt load relative to revenue than 62% of similar nonprofits.

2015 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2015

Net Margin

28th percentile

-13%

Higher net margin than 28% of similar nonprofits.

2015 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

21st percentile

-4.2%

Faster asset growth than 21% of similar nonprofits.

2015 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

13th percentile

-21%

Faster revenue growth than 13% of similar nonprofits.

2015 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$8,625,221

Down $382,019 (-4.2%) from 2014

Net Assets

Down

$4,827,091

Down $57,661 (-1.2%) from 2014

Liabilities

Down

$3,798,130

Down $324,358 (-7.9%) from 2014

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin28th percentile

Revenue

Down

$719,992

Down $187,501 (-21%) from 2014

Expenses

Up

$812,788

Up $20,559 (+2.6%) from 2014

Net Income

Down

-$92,796

Down $208,060 (-181%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2010: $5,548,284Liabilities 2010: $595,196Net Assets 2010: $4,953,0882010Assets 2011: $5,349,376Liabilities 2011: $534,415Net Assets 2011: $4,814,9612011Assets 2012: $8,712,241Liabilities 2012: $4,158,764Net Assets 2012: $4,553,4772012Assets 2013: $8,723,355Liabilities 2013: $3,952,878Net Assets 2013: $4,770,4772013Assets 2014: $9,007,240Liabilities 2014: $4,122,488Net Assets 2014: $4,884,7522014Assets 2015: $8,625,221Liabilities 2015: $3,798,130Net Assets 2015: $4,827,0912015Assets 2016: $8,572,316Liabilities 2016: $3,980,061Net Assets 2016: $4,592,2552016Assets 2017: $687,876Liabilities 2017: $3,777,574Net Assets 2017: -$3,089,6982017Assets 2018: $634,547Liabilities 2018: $2,071,391Net Assets 2018: -$1,436,8442018Assets 2019: $546,649Liabilities 2019: $1,522,302Net Assets 2019: -$975,6532019Assets 2020: $14,222Liabilities 2020: $1,138,958Net Assets 2020: -$1,124,7362020Assets 2021: $6,801Liabilities 2021: $508,466Net Assets 2021: -$501,6652021Assets 2022: $4,372Liabilities 2022: $508,467Net Assets 2022: -$504,0952022Assets 2023: $3,964Liabilities 2023: $508,466Net Assets 2023: -$504,5022023Assets 2024: $3,964Liabilities 2024: $508,466Net Assets 2024: -$504,5022024

Highlighted filing

2015

Assets$8,625,221
Liabilities$3,798,130
Net Assets$4,827,091
Open 2015 Filing

Operations Trend

Revenue Growth13th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$5.0M$0-$5.0M-$10MExpenses 2010: $438,4542010Expenses 2011: $1,025,8932011Expenses 2012: $992,7412012Revenue 2013: $911,929Expenses 2013: $694,929Net Income 2013: $217,0002013Revenue 2014: $907,493Expenses 2014: $792,229Net Income 2014: $115,2642014Revenue 2015: $719,992Expenses 2015: $812,788Net Income 2015: -$92,7962015Revenue 2016: $399,395Expenses 2016: $634,231Net Income 2016: -$234,8362016Revenue 2017: -$3,412,257Expenses 2017: $4,269,696Net Income 2017: -$7,681,9532017Revenue 2018: $1,745,808Expenses 2018: $92,954Net Income 2018: $1,652,8542018Revenue 2019: $665,202Expenses 2019: $204,011Net Income 2019: $461,1912019Revenue 2020: $348,000Expenses 2020: $497,083Net Income 2020: -$149,0832020Revenue 2021: $630,492Expenses 2021: $7,421Net Income 2021: $623,0712021Revenue 2022: $0Expenses 2022: $2,430Net Income 2022: -$2,4302022Revenue 2023: $0Expenses 2023: $407Net Income 2023: -$4072023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2015

Revenue$719,992
Expenses$812,788
Net Income-$92,796
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 5, 2016
Return Version
2014v6.0
Gross Receipts
$719,992
Mission and Program Overview

Mission

Hold title to property and collect income for the benefit of ogontz avenue revitalization corporation, a 501(c)(3)tax exempt organization.

Hold title to property and collect income for the benefit of ogontz for the benefit of ogontz avenue revitalization corporation, a 501 (c)(3) tax exempt organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,692,949$4,469,315▼ $223,634
Cash and Non-Interest-Bearing Accounts$143,621$78,782▼ $64,839
Pledges and Grants Receivable$70,899$0▼ $70,899
Accounts Receivable$0$48,830▲ $48,830
Prepaid Expenses and Deferred Charges$3,500$0▼ $3,500
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$8,768,442$8,625,221▼ $143,221
Other Assets Total$3,857,473$4,028,294▲ $170,821
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,662,050$3,570,681▼ $91,369
Accounts Payable and Accrued Expenses$135,034$208,978▲ $73,944
Other Liabilities$51,471$18,471▼ $33,000
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,848,555$3,798,130▼ $50,425
Net Assets / Fund Balance
Unrestricted Net Assets$4,736,137$4,652,091▼ $84,046
Temporarily Rstr Net Assets$183,750$175,000▼ $8,750
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$4,919,887$4,827,091▼ $92,796
Total Liabilities and Net Assets / Fund Balance$8,768,442$8,625,221▼ $143,221

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,130,354$3,243,204$7,373,558
Leasehold Improvements$226,008$157,059$383,067
Land$103,000-$103,000
Equipment$9,953$30,298$40,251
Other Land Buildings$0$12,797$12,797
Other Assets Org$3,969,121--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleOtherTotal
John UngarCOO Term Date 11/24/2014$109,234$109,234
Norman BarnumCFO Term Date 9/7/2014$100,116$100,116
Kimberly LLoydPresident Start Date 7/1/2014$69,376$69,376

Board Members and Trustees

NameTitle
Dr Mujahid NyahumaBoard Chair
Jack KitchenPRESIDENT Term Date 12/31/2014
Barbara A SuperBoard Member
Dennis AllenBoard Member
Dennis M Allen CPABoard Member
Phyllis BensonBoard Member
Vall P AdamsBoard Member
Darlene CallandsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$688,065
Investment Income
$0
Other Revenue
$31,927
Change in Net Assets
$-92,796

Audited Revenue Reconciliation

Revenue per Audited Statements
$719,992
Total Revenue per Audited Statements
$719,992
Total Revenue per Form 990
$719,992
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$812,788
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$253,552$22,048-$275,600
Depreciation Depletion$208,832$18,159-$226,991
Occupancy$113,104$9,835-$122,939
Insurance$47,561$4,136-$51,697
Other Expenses$7,687$668-$8,355
Fees for Services Legal$2,898$252-$3,150
Office Expenses$634$55-$689
Total Functional Expenses$747,765$65,023$0$812,788

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$812,788
Total Expenses per Audited Statements$812,788
Total Expenses per Form 990$812,788
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Security Deposits$18,471
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Rowan Development Inc
EIN
23-2787674
In Care Of
% MANAGEMENT
Phone
2157540063
Address
2502 WEST CHELTENHAM AVENUE, PHILADELPHIA, PA 19150

Signing Officer

Name
Kimberly Lloyd
Title
President & CEO
Phone
2155499462
Signed
2016-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Lloyd
Formed
1994
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Withum Smith Brown Pc
Address
2 LOGAN SQ STE 2001, PHILADELPHIA, PA 19103-2726
Preparer
Richard G Cohen Partner
Phone
2155462140
Supplemental Narrative

Additional Explanations

Conflict of Interest

“Board members on annual basis are required to update their conflict of interest statements and submit to ceo of oarc (parent company) for review and filing. This is done at the last board meeting in the fiscal year.”

Public Availibility

“All documents are maintained in pdf.format and made available upon request in the finance department of oarc (parent company).”

Form 990 Part XII, 2C audit approval

“On an annual basis the board meets with the auditors to go over and approve the annual consolidated audit report.”

Financial Statement Notes

Schedule D Part XIII, FIN 48

“Rowan Development Inc adopted the accounting pronouncement related to uncertain tax positions effective July 1, 2009. Management has determined that there were no uncertain tax positions at Rowan Development Inc as of the date of the adoption or at June 30, 2015. In addition, there was no income tax related penalties and interest reported by the Organization for the period in question.”

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IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03443358
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04692949
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04469315
IRS990/LandBldgEquipCostOrOtherBssAmt07912673
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0HOLD TITLE TO PROPERTY AND COLLECT INCOME FOR THE BENEFIT OF OGONTZ AVENUE REVITALIZATION CORPORATION, A 501(C)(3)TAX EXEMPT ORGANIZATION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03662050
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03570681
IRS990/NetAssetsOrFundBalancesBOYAmt04919887
IRS990/NetAssetsOrFundBalancesEOYAmt04827091
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt09835
IRS990/OccupancyGrp/ProgramServicesAmt0113104
IRS990/OccupancyGrp/TotalAmt0122939
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt055
IRS990/OfficeExpensesGrp/ProgramServicesAmt0634
IRS990/OfficeExpensesGrp/TotalAmt0689
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03857473
IRS990/OtherAssetsTotalGrp/EOYAmt04028294
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0CONTRIBUTIONS TO AFFILIATES
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06488
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12744
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2638
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3668
IRS990/OtherExpensesGrp/ProgramServicesAmt074612
IRS990/OtherExpensesGrp/ProgramServicesAmt131551
IRS990/OtherExpensesGrp/ProgramServicesAmt27334
IRS990/OtherExpensesGrp/ProgramServicesAmt37687
IRS990/OtherExpensesGrp/TotalAmt081100
IRS990/OtherExpensesGrp/TotalAmt134295
IRS990/OtherExpensesGrp/TotalAmt27972
IRS990/OtherExpensesGrp/TotalAmt38355
IRS990/OtherLiabilitiesGrp/BOYAmt051471
IRS990/OtherLiabilitiesGrp/EOYAmt018471
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt031927
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt031927
IRS990/OtherRevenueTotalAmt031927
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt070899
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0KIMBERLY LLOYD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0688065
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0688065
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0693933
IRS990/PYOtherRevenueAmt096857
IRS990/PYProgramServiceRevenueAmt0747475
IRS990/PYRevenuesLessExpensesAmt0150399
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0693933
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0844332
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-92796
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0688065
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt04130354
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03243204
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07373558
IRS990ScheduleD/EquipmentGrp/BookValueAmt09953
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030298
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt040251
IRS990ScheduleD/ExpensesSubtotalAmt0812788
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0103000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0103000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0226008
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0157059
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0383067
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt055673
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23969121
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FINANCING COSTS, NET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM AFFILIATES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012797
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012797
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018471
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0719992
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Rowan Development Inc adopted the accounting pronouncement related to uncertain tax positions effective July 1, 2009. Management has determined that there were no uncertain tax positions at Rowan Development Inc as of the date of the adoption or at June 30, 2015. In addition, there was no income tax related penalties and interest reported by the Organization for the period in question.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D Part XIII, FIN 48
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04469315
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04028294
IRS990ScheduleD/TotalExpensesPerForm990Amt0812788
IRS990ScheduleD/TotalLiabilityAmt018471
IRS990ScheduleD/TotalRevenuePerForm990Amt0719992
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0719992
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0812788
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0177690
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Jack Kitchen
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT Term Date 12/31/2014
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0177690
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS ON ANNUAL BASIS ARE REQUIRED TO UPDATE THEIR CONFLICT OF INTEREST STATEMENTS AND SUBMIT TO CEO OF OARC (PARENT COMPANY) FOR REVIEW AND FILING. THIS IS DONE AT THE LAST BOARD MEETING IN THE FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DOCUMENTS ARE MAINTAINED IN PDF.FORMAT AND MADE AVAILABLE UPON REQUEST IN THE FINANCE DEPARTMENT OF OARC (PARENT COMPANY).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2On an annual basis the board meets with the auditors to go over and approve the annual consolidated audit report.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,625,221
Liabilities
$3,798,130
Net assets
$4,827,091
Revenue
$719,992
Expenses
$812,788
Net income
-$92,796
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.51$0.50$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.51$0.50$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.51$0.50$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.01$0.51$0.50$0.63$0.01$0.62
2020Detailed filing. Detailed filing data is available for this year.$0.01$1.14$1.12$0.35$0.50$0.15
2019Detailed filing. Detailed filing data is available for this year.$0.55$1.52$0.98$0.67$0.20$0.46
2018Detailed filing. Detailed filing data is available for this year.$0.63$2.07$1.44$1.75$0.09$1.65
2017Detailed filing. Detailed filing data is available for this year.$0.69$3.78$3.09$3.41$4.27$7.68
2016Detailed filing. Detailed filing data is available for this year.$8.57$3.98$4.59$0.40$0.63$0.23
2015Detailed filing. Detailed filing data is available for this year.$8.63$3.80$4.83$0.72$0.81$0.09
2014Summary only. Only limited summary data is available for this year.$9.01$4.12$4.88$0.91$0.79$0.12
2013Summary only. Only limited summary data is available for this year.$8.72$3.95$4.77$0.91$0.69$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.71$4.16$4.55$0.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.35$0.53$4.81$1.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.55$0.60$4.95$0.44