Civic Intelligence

Extended Housing Inc.

990 • Fiscal year 2023 • EIN 34-1400918

Jul 01, 2022 to Jun 30, 2023 • Filed on Mar 18, 2024

270 E Main Street Suite 300Painesville, OH 44077

(440) 352-8424

Siviq Scores

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

Liabilities / Assets

75th percentile

0.31x

Higher debt load relative to assets than 75% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

81st percentile

0.54x

Higher debt load relative to revenue than 81% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

34th percentile

-2.6%

Higher net margin than 34% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

57th percentile

$77,926

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

25th percentile

-3.2%

Faster asset growth than 25% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

29th percentile

-6.0%

Faster revenue growth than 29% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$4,905,123

Down $164,210 (-3.2%) from 2022

Net Assets

Down

$3,399,092

Down $71,608 (-2.1%) from 2022

Liabilities

Down

$1,506,031

Down $92,602 (-5.8%) from 2022

Revenue

Down

$2,767,164

Down $176,220 (-6.0%) from 2022

Expenses

Down

$2,838,772

Down $142,201 (-4.8%) from 2022

Net Income

Down

-$71,608

Down $34,019 (-91%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $2,413,638Liabilities 2012: $1,252,165Net Assets 2012: $1,161,4732012Assets 2013: $5,719,404Liabilities 2013: $2,180,705Net Assets 2013: $3,538,6992013Assets 2014: $5,462,747Liabilities 2014: $1,980,671Net Assets 2014: $3,482,0762014Assets 2015: $5,317,703Liabilities 2015: $1,864,974Net Assets 2015: $3,452,7292015Assets 2016: $5,137,584Liabilities 2016: $1,766,381Net Assets 2016: $3,371,2032016Assets 2017: $5,065,321Liabilities 2017: $1,745,713Net Assets 2017: $3,319,6082017Assets 2018: $5,287,814Liabilities 2018: $1,928,375Net Assets 2018: $3,359,4392018Assets 2019: $5,454,685Liabilities 2019: $2,004,102Net Assets 2019: $3,450,5832019Assets 2020: $5,831,867Liabilities 2020: $2,141,616Net Assets 2020: $3,690,2512020Assets 2021: $5,510,851Liabilities 2021: $1,997,506Net Assets 2021: $3,513,3452021Assets 2022: $5,069,333Liabilities 2022: $1,598,633Net Assets 2022: $3,470,7002022Assets 2023: $4,905,123Liabilities 2023: $1,506,031Net Assets 2023: $3,399,0922023Assets 2024: $4,870,952Liabilities 2024: $1,404,209Net Assets 2024: $3,466,7432024

Highlighted filing

2023

Assets$4,905,123
Liabilities$1,506,031
Net Assets$3,399,092

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $1,811,5272012Expenses 2013: $1,824,4052013Revenue 2014: $2,158,377Expenses 2014: $2,215,000Net Income 2014: -$56,6232014Revenue 2015: $2,632,720Expenses 2015: $2,662,067Net Income 2015: -$29,3472015Revenue 2016: $2,591,374Expenses 2016: $2,672,900Net Income 2016: -$81,5262016Revenue 2017: $2,859,720Expenses 2017: $2,911,315Net Income 2017: -$51,5952017Revenue 2018: $2,865,610Expenses 2018: $2,825,779Net Income 2018: $39,8312018Revenue 2019: $3,238,514Expenses 2019: $3,147,370Net Income 2019: $91,1442019Revenue 2020: $3,441,096Expenses 2020: $3,201,428Net Income 2020: $239,6682020Revenue 2021: $2,813,704Expenses 2021: $2,822,262Net Income 2021: -$8,5582021Revenue 2022: $2,943,384Expenses 2022: $2,980,973Net Income 2022: -$37,5892022Revenue 2023: $2,767,164Expenses 2023: $2,838,772Net Income 2023: -$71,6082023Revenue 2024: $2,992,092Expenses 2024: $2,924,441Net Income 2024: $67,6512024

Highlighted filing

2023

Revenue$2,767,164
Expenses$2,838,772
Net Income-$71,608
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Mar 18, 2024
Return Version
2022v5.0
Gross Receipts
$2,796,144
Mission and Program Overview

Mission

EXTENDED HOUSING, INC. IS A 501(C)(3) NONPROFIT ORGANIZATION WHOSE MISSION IS TO PREVENT AND END HOMELESSNESS FOR INDIVIDUALS IN LAKE COUNTY WITH A SERIOUS MENTAL ILLNESS. GOVERNED BY A BOARD OF DIRECTORS, EXTENDED HOUSING, INC. IS CERTIFIED BY THE OHIO MENTAL HEALTH AND ADDICTION SERVICES AND RECEIVES FUNDING AND SUPPORT FROM THE LAKE COUNTY ALCOHOL, DRUG ADDICTION, AND MENTAL HEALTH SERVICES (ADAMHS) BOARD. Our vision is a world in which all individuals with serious mental illness can live as independently as possible and have access to a safe, decent, affordable, supportive place to live. We believe that all individuals - regardless of ability, income, or potential for growth - have intrinsic human dignity and are worthy of respect, compassion and full integration into their community. We recognize and support the individual's right to choose their housing. We value sincerity, integrity, diversity, and excellence in all of our endeavors.

support individuals with severe and persistent mental illness to live as independently as possible by creating, developing & sustaining safe and affordable housing options.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,462,544$4,251,596▼ $210,948
Cash and Non-Interest-Bearing Accounts$152,708$282,804▲ $130,096
Savings and Temporary Cash Investments$125,816$120,075▼ $5,741
Pledges and Grants Receivable$171,697$93,553▼ $78,144
Accounts Receivable$53,835$12,223▼ $41,612
Prepaid Expenses and Deferred Charges$1,799$0▼ $1,799
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$5,069,333$4,905,123▼ $164,210
Other Assets Total$100,934$144,872▲ $43,938
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,459,761$1,238,180▼ $221,581
Accounts Payable and Accrued Expenses$89,713$140,780▲ $51,067
Deferred Revenue$9,011$85,375▲ $76,364
Escrow Account Liability$40,148$41,696▲ $1,548
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,598,633$1,506,031▼ $92,602
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,285,351$2,215,051▼ $70,300
Net Assets Without Donor Restrictions$1,185,349$1,184,041▼ $1,308
Total Net Assets Fund Balance$3,470,700$3,399,092▼ $71,608
Total Liabilities and Net Assets / Fund Balance$5,069,333$4,905,123▼ $164,210

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,565,679$3,502,009$7,067,688
Other Land Buildings$130,651$485,895$616,546
Land$503,754-$503,754
Equipment$51,512$255,285$306,797
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen McleodExecutive DirectorFT$71,072$6,854$77,926
Tiffany JohnsonDirector OF Bus&FINANCE until 9/22FT$42,753$4,607$47,360

Board Members and Trustees

NameTitle
Ross McdonaldPresident
Christine PappasVice President
Amanda ChurchMember
Beverly AzreMember
John EklundMember
Kimberley SpatesMember
Mark HillMember
Wesley TylerMember
Amy Bileci-coccaMEMBER until 9/22
Ray DelamotteMEMBER/Secretary Eff. 2/23
Marcia KarsmarcikSecretary Until 10/22
Allen WeaverTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,206,942
Program Service Revenue
$544,444
Investment Income
$2,810
Other Revenue
$12,968
All Other Contributions
$27,258
Change in Net Assets
$-71,608

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,767,164
Revenue Not Reported on Form 990
$27,177
Total Revenue per Audited Statements
$2,794,341
Total Revenue per Form 990
$2,767,164
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,067,343
Salaries, Compensation, and Employee Benefits$891,062
Grants and Similar Amounts Paid$880,367
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$880,367--$880,367
Other Salaries and Wages$455,973$114,963-$570,936
Depreciation Depletion$202,030$64,332-$266,362
Occupancy$113,203$71,704-$184,907
Other Employee Benefits$128,254$8,262-$136,516
Current Officers, Directors, Trustees, and Key Employees$96,333$28,954-$125,287
Payroll Taxes$51,137$7,186-$58,323
Office Expenses$32,792$25,049-$57,841
Fees for Services Other$12,043$39,118-$51,161
Insurance$39,600$3,735-$43,335
Travel$21,791$757-$22,548
Interest$19,263$2,639-$21,902
Other Expenses$4,986$7,764-$12,750
Fees for Services Management$12,288--$12,288
All Other Expenses$11,248$737-$11,985
Advertising$1,836$2,736-$4,572
Fees for Services Legal$2,210$640-$2,850
Conferences and Meetings-$860-$860
Total Functional Expenses$2,265,244$573,528$0$2,838,772

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,865,949
Expenses per Audited Statements$2,838,772
Total Expenses per Form 990$2,838,772
Expenses Not Reported on Form 990$27,177
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$31,546
Fundraising Direct Expenses$28,980
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
gala$72,646$16,046$3,282$12,764
Picnic Ballpark$15,500$15,500$3,220$12,280
Total Events$88,146$31,546$28,980$2,566
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
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
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 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

PAGE 6, PART VI, SECTION B, #11B

Review of Form 990: Form 990 was reviewed and approved by executive director and the director of finance. A copy of Form 990 was provided to the Agency's board prior to its filing.

PAGE 6, PART VI, SECTION B, #12C

Conflict of Interest Policy: All board members are required to review the agency's Conflict of Interest Policy upon acceptance to the Board of Directors, and annually thereafter. Any conflicts are required to be disclosed to the Agency's management and other Board members.

PAGE 6, PART VI, SECTION B, #15B

Compensation Policy: The Executive Committee of the Agency's Board of Directors reviews and approves the compensation of upper management periodically.

PAGE 6, PART VI, SECTION C, #19

Disclosure Policy The Agency's governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Extended Housing Inc
EIN
34-1400918
In Care Of
% KAREN MCLEOD
Phone
4403528424
Address
270 E Main Street Suite 300, Painesville, OH 44077

Signing Officer

Name
Karen Mcleod
Title
Executive Director
Phone
4403528424
Signed
2024-03-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Mcleod
Formed
1983
Legal Domicile
Oh
Voting Board Members
10
Independent Board Members
10
Employees
29
Volunteers
31

Preparer

Firm
Hw&co
Address
28601 Chagrin Blvd 210, Woodmere, OH 44122
Preparer
Joseph C Sbrocco CPA
Phone
2168311200
Supplemental Narrative

Financial Statement Notes

SCHEDULE D, PART XI, #2D

Other revenue included on books but not on return Fundraising expenses included in revenue on Form 990 - $27,177

SCHEDULE D, PART XII, #2D

Other Expense Included on books but not on the return Fundraising expenses included in revenue on form 990 - $27,177

SCHEDULE D, PART IV, #2A

Resident Security Deposit Trust Account As required by HUD, resident security deposits are held in trust in an escrow account. The escrow accounts are listed on the balance sheet of form 990, Part X, Line 21 as escrow account liabilities.

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IRS990/Form990PartVIISectionAGrp/PersonNm5Allen Weaver
IRS990/Form990PartVIISectionAGrp/PersonNm6Beverly Azre
IRS990/Form990PartVIISectionAGrp/PersonNm7AMY BILECI-COCCA
IRS990/Form990PartVIISectionAGrp/PersonNm8RAY DELAMOTTE
IRS990/Form990PartVIISectionAGrp/PersonNm9John Eklund
IRS990/Form990PartVIISectionAGrp/PersonNm10MARK HILL
IRS990/Form990PartVIISectionAGrp/PersonNm11Kimberley Spates
IRS990/Form990PartVIISectionAGrp/PersonNm12WESLEY TYLER
IRS990/Form990PartVIISectionAGrp/PersonNm13Amanda Church
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIR OF Bus&FINANCE until 9/22
IRS990/Form990PartVIISectionAGrp/TitleTxt2President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary Until 10/22
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER until 9/22
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER/Secretary Eff. 2/23
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
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IRS990/MissionDesc0EXTENDED HOUSING, INC. IS A 501(C)(3) NONPROFIT ORGANIZATION WHOSE MISSION IS TO PREVENT AND END HOMELESSNESS FOR INDIVIDUALS IN LAKE COUNTY WITH A SERIOUS MENTAL ILLNESS. GOVERNED BY A BOARD OF DIRECTORS, EXTENDED HOUSING, INC. IS CERTIFIED BY THE OHIO MENTAL HEALTH AND ADDICTION SERVICES AND RECEIVES FUNDING AND SUPPORT FROM THE LAKE COUNTY ALCOHOL, DRUG ADDICTION, AND MENTAL HEALTH SERVICES (ADAMHS) BOARD. OUR VISION IS A WORLD IN WHICH ALL INDIVIDUALS WITH SERIOUS MENTAL ILLNESS CAN LIVE AS INDEPENDENTLY AS POSSIBLE AND HAVE ACCESS TO A SAFE, DECENT, AFFORDABLE, SUPPORTIVE PLACE TO LIVE. WE BELIEVE THAT ALL INDIVIDUALS - REGARDLESS OF ABILITY, INCOME, OR POTENTIAL FOR GROWTH - HAVE INTRINSIC HUMAN DIGNITY AND ARE WORTHY OF RESPECT, COMPASSION AND FULL INTEGRATION INTO THEIR COMMUNITY. WE RECOGNIZE AND SUPPORT THE INDIVIDUAL'S RIGHT TO CHOOSE THEIR HOUSING. WE VALUE SINCERITY, INTEGRITY, DIVERSITY, AND EXCELLENCE IN ALL OF OUR ENDEAVORS.
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IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
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IRS990/OtherExpensesGrp/Desc3TRAINING
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IRS990/PrincipalOfficerNm0KAREN MCLEOD
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0544444
IRS990/ProgSrvcAccomActy2Grp/Desc0Extended Housing, Inc. (EHI) purchases and/or develops properties throughout Lake County with capital dollars granted to them from federal, state and local agencies and foundations. EHI currently owns and manages 18 residential housing facilities, consisting of two group homes, one residential care home, seven condominiums, five apartment buildings, and three single homes (attached to one of these homes are three one-bedroom apartments). These facilities provide housing for individuals with social, emotional, intellectual and/or physical disabilities. One of EHI's most recent developments is McKinley Grove, a 17 unit building that has support services available onsite, including onsite EHI staff. McKinley Grove has a formal tenant organization who named themselves the McKinley Grove Tenant Board (MGTB). One of McKinley Grove's tenants joined the EHI Board of Directors in FY 2020. Funding for the operation of these facilities is provided primarily by tenant rents. Although owned and maintained by EHI, the group homes and residential care facility are operated by another entity. The remaining properties are of the "Housing as Housing "concept. Tenants live in the units on an independent, permanent basis and pay EHI rent. EHI maintains all units 24 hours per day, 7 days a week and provides utilities, repairs and general maintenance. Tenants pay 30% - 40% of the household's adjusted income, depending on the rental subsidy they receive. EHI fully maintains all buildings from roofing, driveways, grounds, interiors, appliances, carpeting and tile, plumbing, heating and electrical.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0296614
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0441558
IRS990/ProgSrvcAccomActy3Grp/Desc0Rental Subsidy Programs - assist individuals with severe and persistent mental illness to obtain and maintain permanent community housing. Funding for these programs is provided by the Lake County ADAMHS Board and the HOME Program through the Lake County Board of Commissioners. In addition, housing loans are available to assist with a security deposit or first month's rent. These programs served 68 households.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0383754
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0220745
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Housing Support Worker
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Path Program
IRS990/ProgSrvcAccomActyOtherGrp/Desc2McNaughton Apartments
IRS990/ProgSrvcAccomActyOtherGrp/Desc3Permanent Supportive Housing Program
IRS990/ProgSrvcAccomActyOtherGrp/Desc4McKinley Grove Apartments
IRS990/ProgSrvcAccomActyOtherGrp/Desc5Emergency Housing Voucher Program
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0184490
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt1207020
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt2144133
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