Civic Intelligence

Ola II Inc.

990 • Fiscal year 2017 • EIN 34-1760422

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 20, 2017

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

2.20x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

7.84x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

29th percentile

-3.8%

Higher net margin than 29% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

29th percentile

-2.3%

Faster asset growth than 29% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

45th percentile

2.6%

Faster revenue growth than 45% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,181,918

Down $27,890 (-2.3%) from 2016

Net Assets

Down

-$1,423,170

Down $12,760 (-0.9%) from 2016

Liabilities

Down

$2,605,088

Down $15,130 (-0.6%) from 2016

Revenue

Up

$332,120

Up $8,484 (+2.6%) from 2016

Expenses

Up

$344,880

Up $14,722 (+4.5%) from 2016

Net Income

Down

-$12,760

Down $6,238 (-96%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$1,181,918
Liabilities$2,605,088
Net Assets-$1,423,170

Operations Trend

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

2017

Revenue$332,120
Expenses$344,880
Net Income-$12,760
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 20, 2017
Return Version
2016v3.0
Gross Receipts
$332,120
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$879,865$813,840▼ $66,025
Savings and Temporary Cash Investments$269,247$325,232▲ $55,985
Cash and Non-Interest-Bearing Accounts$50,707$33,606▼ $17,101
Prepaid Expenses and Deferred Charges$9,597$9,240▼ $357
Accounts Receivable$392--
Total Assets$1,209,808$1,181,918▼ $27,890
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,558,800$2,558,800→ $0
Other Liabilities$23,488$23,509▲ $21
Accounts Payable and Accrued Expenses$37,930$22,779▼ $15,151
Total Liabilities$2,620,218$2,605,088▼ $15,130
Net Assets / Fund Balance
Unrestricted Net Assets$-1,410,410$-1,423,170▼ $12,760
Total Net Assets Fund Balance$-1,410,410$-1,423,170▼ $12,760
Total Liabilities and Net Assets / Fund Balance$1,209,808$1,181,918▼ $27,890

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$769,827$1,812,267$2,582,094
Other Land Buildings$43,180$55,213$98,393
Equipment$833$13,479$14,312
Compensation and Service Providers

Board Members and Trustees

NameTitle
Donald MacBridePresident
Tim NaumanVice President
Karen LisowskiTrustee
Kevin LehaneTrustee
Lee NageotteTrustee
Nancy RichardsTrustee
Maureen McAdamsSecretary
Steve LorenzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$177,893
Program Service Revenue
$153,953
Investment Income
$274
Other Revenue
$0
Change in Net Assets
$-12,760

Audited Revenue Reconciliation

Revenue per Audited Statements
$332,120
Total Revenue per Audited Statements
$332,120
Total Revenue per Form 990
$332,120
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$315,623
Salaries, Compensation, and Employee Benefits$29,257
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$99,147--$99,147
Occupancy$72,561--$72,561
Other Expenses$34,674--$34,674
Other Salaries and Wages$29,257--$29,257
Insurance$17,817--$17,817
Fees for Services Management$16,680--$16,680
Fees for Services Accounting-$6,700-$6,700
Office Expenses-$5,796-$5,796
Fees for Services Legal$539--$539
Total Functional Expenses$332,384$12,496$0$344,880

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$344,880
Total Expenses per Audited Statements$344,880
Total Expenses per Form 990$344,880
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$13,308
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

An unrelated third party performs management functions for the Organization.

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 States 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
Donald MacBride
Title
President
Phone
2169413330
Signed
2017-11-20
Discuss with paid preparer
Yes

Organization Details

Formed
1993
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Wagner & Company CPA LLC
Address
1655 W Market St Suite 525, Akron, OH 44313
Preparer
Steven Wagner
Phone
3308641550
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0143994
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0741385
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0274
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0226
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0199
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0151
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0175
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01025
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt013306
IRS990ScheduleA/OtherIncome509Grp/TotalAmt013306
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99050
IRS990ScheduleA/PublicSupportPY509Pct00.99000
IRS990ScheduleA/PublicSupportTotal509Amt01495707
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0331846
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0323410
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0301084
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0275939
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0263428
IRS990ScheduleA/Total509Grp/TotalAmt01495707
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0332120
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0323636
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0301283
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0289396
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0263603
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01510038
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0769827
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01812267
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02582094
IRS990ScheduleD/EquipmentGrp/BookValueAmt0833
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013479
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014312
IRS990ScheduleD/ExpensesSubtotalAmt0344880
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt043180
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt055213
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt098393
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013308
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110201
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant security deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other loans and notes payable
IRS990ScheduleD/RevenueSubtotalAmt0332120
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0813840
IRS990ScheduleD/TotalExpensesPerForm990Amt0344880
IRS990ScheduleD/TotalLiabilityAmt023509
IRS990ScheduleD/TotalRevenuePerForm990Amt0332120
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0332120
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0344880
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0An unrelated third party performs management functions for the Organization.
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 States 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
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Our Lady of Angels Apartments
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0341317758
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Low income housing under Section 202
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt09
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03648 Rocky River Dr
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Cleveland
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd044111
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt054860
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Our Lady of Angels Apartments
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0o
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01209808
IRS990/TotalAssetsEOYAmt01181918
IRS990/TotalAssetsGrp/BOYAmt01209808
IRS990/TotalAssetsGrp/EOYAmt01181918
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0177893
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012496
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0332384
IRS990/TotalFunctionalExpensesGrp/TotalAmt0344880
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02620218
IRS990/TotalLiabilitiesEOYAmt02605088
IRS990/TotalLiabilitiesGrp/BOYAmt02620218
IRS990/TotalLiabilitiesGrp/EOYAmt02605088
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1410410
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1423170
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0332384
IRS990/TotalProgramServiceRevenueAmt0153953
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0154227
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0332120
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01209808
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01181918
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0true
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0true
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1410410

Document Assets

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Filings

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