Civic Intelligence

Ola II Inc.

990 • Fiscal year 2015 • EIN 34-1760422

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 09, 2015

Organization ProfileN/A
3648 Rocky River DrCleveland, OH 44111-3934

(216) 941-3330

Siviq Scores

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

Liabilities / Assets

98th percentile

2.16x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

97th percentile

8.69x

Higher debt load relative to revenue than 97% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

14th percentile

-19%

Higher net margin than 14% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

13th percentile

-9.4%

Faster asset growth than 13% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

52nd percentile

4.1%

Faster revenue growth than 52% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$1,214,231

Down $125,527 (-9.4%) from 2014

Net Assets

Down

-$1,403,889

Down $58,210 (-4.3%) from 2014

Liabilities

Down

$2,618,120

Down $67,317 (-2.5%) from 2014

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin14th percentile

Revenue

Up

$301,283

Up $11,887 (+4.1%) from 2014

Expenses

Up

$359,493

Up $8,070 (+2.3%) from 2014

Net Income

Up

-$58,210

Up $3,817 (+6.2%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2011: $1,410,610Liabilities 2011: $2,627,574Net Assets 2011: -$1,216,9642011Assets 2012: $1,373,025Liabilities 2012: $2,627,807Net Assets 2012: -$1,254,7822012Assets 2013: $1,330,227Liabilities 2013: $2,613,879Net Assets 2013: -$1,283,6522013Assets 2014: $1,339,758Liabilities 2014: $2,685,437Net Assets 2014: -$1,345,6792014Assets 2015: $1,214,231Liabilities 2015: $2,618,120Net Assets 2015: -$1,403,8892015Assets 2016: $1,209,808Liabilities 2016: $2,620,218Net Assets 2016: -$1,410,4102016Assets 2017: $1,181,918Liabilities 2017: $2,605,088Net Assets 2017: -$1,423,1702017Assets 2018: $1,163,140Liabilities 2018: $2,616,117Net Assets 2018: -$1,452,9772018Assets 2019: $1,122,801Liabilities 2019: $2,598,167Net Assets 2019: -$1,475,3662019Assets 2020: $1,102,181Liabilities 2020: $2,601,339Net Assets 2020: -$1,499,1582020Assets 2021: $1,151,341Liabilities 2021: $25,302Net Assets 2021: $1,126,0392021Assets 2022: $1,199,514Liabilities 2022: $106Net Assets 2022: $1,199,4082022Assets 2023: $1,281,838Liabilities 2023: $0Net Assets 2023: $1,281,8382023Assets 2024: $1,607,867Liabilities 2024: $249,235Net Assets 2024: $1,358,6322024Assets 2025: $1,436,176Liabilities 2025: $0Net Assets 2025: $1,436,1762025

Highlighted filing

2015

Assets$1,214,231
Liabilities$2,618,120
Net Assets-$1,403,889
Open 2015 Filing

Operations Trend

Revenue Growth52nd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $300,2352011Expenses 2012: $286,2442012Expenses 2013: $292,4422013Revenue 2014: $289,396Expenses 2014: $351,423Net Income 2014: -$62,0272014Revenue 2015: $301,283Expenses 2015: $359,493Net Income 2015: -$58,2102015Revenue 2016: $323,636Expenses 2016: $330,158Net Income 2016: -$6,5222016Revenue 2017: $332,120Expenses 2017: $344,880Net Income 2017: -$12,7602017Revenue 2018: $341,401Expenses 2018: $371,208Net Income 2018: -$29,8072018Revenue 2019: $349,548Expenses 2019: $371,937Net Income 2019: -$22,3892019Revenue 2020: $353,987Expenses 2020: $377,779Net Income 2020: -$23,7922020Revenue 2021: $2,785,960Expenses 2021: $160,763Net Income 2021: $2,625,1972021Revenue 2022: $75,562Expenses 2022: $2,193Net Income 2022: $73,3692022Revenue 2023: $84,693Expenses 2023: $2,263Net Income 2023: $82,4302023Revenue 2024: $77,544Expenses 2024: $750Net Income 2024: $76,7942024Revenue 2025: $77,544Expenses 2025: $0Net Income 2025: $77,5442025

Highlighted filing

2015

Revenue$301,283
Expenses$359,493
Net Income-$58,210
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 9, 2015
Return Version
2014v5.0
Gross Receipts
$301,283
Mission and Program Overview

Mission

To provide housing for low income elderly or physically challenged persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,040,485$961,866▼ $78,619
Pledges and Grants Receivable$207,639$236,884▲ $29,245
Prepaid Expenses and Deferred Charges$7,531$8,036▲ $505
Cash and Non-Interest-Bearing Accounts$83,685$6,317▼ $77,368
Accounts Receivable$418$1,128▲ $710
Total Assets$1,339,758$1,214,231▼ $125,527
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,558,800$2,558,800→ $0
Accounts Payable and Accrued Expenses$105,529$36,108▼ $69,421
Other Liabilities$21,108$23,212▲ $2,104
Total Liabilities$2,685,437$2,618,120▼ $67,317
Net Assets / Fund Balance
Unrestricted Net Assets$-1,345,679$-1,403,889▼ $58,210
Total Net Assets Fund Balance$-1,345,679$-1,403,889▼ $58,210
Total Liabilities and Net Assets / Fund Balance$1,339,758$1,214,231▼ $125,527

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$905,486$1,637,805$2,543,291
Other Land Buildings$55,577$43,436$99,013
Equipment$803$13,340$14,143
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Donald MacBridePresident
Gary OMearaVice President
Maureen McAdamsTrustee
Patrick McGrealTrustee
Tim NaumanTrustee
Julius C SalerniTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$152,677
Program Service Revenue
$148,407
Investment Income
$199
Other Revenue
$0
Change in Net Assets
$-58,210

Audited Revenue Reconciliation

Revenue per Audited Statements
$289,396
Total Revenue per Audited Statements
$289,396
Total Revenue per Form 990
$289,396
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$359,493
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
Occupancy$165,820--$165,820
Depreciation Depletion$98,878--$98,878
Fees for Services Management$65,636--$65,636
Fees for Services Legal$16,135--$16,135
Office Expenses$6,524--$6,524
Fees for Services Accounting-$6,500-$6,500
Total Functional Expenses$352,993$6,500$0$359,493

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$351,423
Total Expenses per Audited Statements$351,423
Total Expenses per Form 990$351,423
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant security deposits$13,011
Other loans and notes payable$10,201
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes

Governance Explanations

Management duties delegation Part VI line 3

“Disclosed related entity performs management agent functions.”

Form 990 governing body review Part VI line 11

“Form 990 is provided to board members via electronic transmission prior to completing electronic filing. Preparer is available to answer any questions prior to transmission.”

Conflict of interest policy compliance Part VI line 12C

“Directors and employees annually sign the conflict policy.”

Governing documents etc available to public Part VI line 19

“Governing documents available on Secretary of State's website. Tax returns are available on www.guidestar.org. All public documents are available upon proper request to the Board of Directors.”

Filing and Contact Details

Filer

Filer Name
OLA II Inc
EIN
34-1760422
Address
3648 Rocky River Dr, Cleveland, OH 44111-3934

Signing Officer

Name
Julius Salerni
Title
Treasurer
Phone
2169413330
Signed
2015-11-09
Discuss with paid preparer
No

Organization Details

Formed
1993
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Wagner & Company CPA LLC
Address
1655 W Market Street Ste 525, Akron, OH 44313
Preparer
Steven Wagner
Phone
3308641550
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0803
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013340
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014143
IRS990ScheduleD/ExpensesSubtotalAmt0351423
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt055577
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt043436
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other loans and notes payable
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IRS990ScheduleD/TotalExpensesPerForm990Amt0351423
IRS990ScheduleD/TotalLiabilityAmt023212
IRS990ScheduleD/TotalRevenuePerForm990Amt0289396
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Disclosed related entity performs management agent functions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is provided to board members via electronic transmission prior to completing electronic filing. Preparer is available to answer any questions prior to transmission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Directors and employees annually sign the conflict policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents available on Secretary of State's website. Tax returns are available on www.guidestar.org. All public documents are available upon proper request to the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Management duties delegation Part VI line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Low income housing under Section 202
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0I
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Cleveland
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IRS990/TotalProgramServiceRevenueAmt0148407
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Julius Salerni
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02169413330
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OLA II Inc
ReturnHeader/Filer/BusinessNameControlTxt0OLAI
ReturnHeader/Filer/EIN0341760422
ReturnHeader/Filer/USAddress/AddressLine1Txt03648 Rocky River Dr
ReturnHeader/Filer/USAddress/CityNm0Cleveland
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd0441113934
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0020644478
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Wagner & Company CPA LLC

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,214,231
Liabilities
$2,618,120
Net assets
-$1,403,889
Revenue
$301,283
Expenses
$359,493
Net income
-$58,210
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$0.08$0.00$0.08
2024Detailed filing. Detailed filing data is available for this year.$1.61$0.25$1.36$0.08$0.00$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.28$0.00$1.28$0.08$0.00$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.08$0.00$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.15$0.03$1.13$2.79$0.16$2.63
2020Detailed filing. Detailed filing data is available for this year.$1.10$2.60$1.50$0.35$0.38$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.12$2.60$1.48$0.35$0.37$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.16$2.62$1.45$0.34$0.37$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.18$2.61$1.42$0.33$0.34$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.21$2.62$1.41$0.32$0.33$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.21$2.62$1.40$0.30$0.36$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.34$2.69$1.35$0.29$0.35$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$2.61$1.28$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$2.63$1.25$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$2.63$1.22$0.30