Civic Intelligence

Ola II Inc.

990 • Fiscal year 2018 • EIN 34-1760422

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 02, 2018

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

2.25x

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

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

Liabilities / Revenue

97th percentile

7.66x

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

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

Net Margin

22nd percentile

-8.7%

Higher net margin than 22% of similar nonprofits.

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

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.

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

Asset Growth

39th percentile

-1.6%

Faster asset growth than 39% of similar nonprofits.

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

Revenue Growth

47th percentile

2.8%

Faster revenue growth than 47% of similar nonprofits.

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

Assets

Down

$1,163,140

Down $18,778 (-1.6%) from 2017

Net Assets

Down

-$1,452,977

Down $29,807 (-2.1%) from 2017

Liabilities

Up

$2,616,117

Up $11,029 (+0.4%) from 2017

Revenue

Up

$341,401

Up $9,281 (+2.8%) from 2017

Expenses

Up

$371,208

Up $26,328 (+7.6%) from 2017

Net Income

Down

-$29,807

Down $17,047 (-134%) from 2017

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

2018

Assets$1,163,140
Liabilities$2,616,117
Net Assets-$1,452,977

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

2018

Revenue$341,401
Expenses$371,208
Net Income-$29,807
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 2, 2018
Return Version
2017v2.2
Gross Receipts
$341,401
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$813,840$819,685▲ $5,845
Savings and Temporary Cash Investments$325,232$324,585▼ $647
Prepaid Expenses and Deferred Charges$9,240$10,715▲ $1,475
Cash and Non-Interest-Bearing Accounts$33,606$8,155▼ $25,451
Total Assets$1,181,918$1,163,140▼ $18,778
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,558,800$2,558,800→ $0
Accounts Payable and Accrued Expenses$22,779$43,161▲ $20,382
Other Liabilities$23,509$14,156▼ $9,353
Total Liabilities$2,605,088$2,616,117▲ $11,029
Net Assets / Fund Balance
Unrestricted Net Assets$-1,423,170$-1,452,977▼ $29,807
Total Net Assets Fund Balance$-1,423,170$-1,452,977▼ $29,807
Total Liabilities and Net Assets / Fund Balance$1,181,918$1,163,140▼ $18,778

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$747,189$1,899,081$2,646,270
Other Land Buildings$71,808$59,093$130,901
Equipment$688$13,624$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
$174,454
Program Service Revenue
$166,629
Investment Income
$318
Other Revenue
$0
Change in Net Assets
$-29,807

Audited Revenue Reconciliation

Revenue per Audited Statements
$341,401
Total Revenue per Audited Statements
$341,401
Total Revenue per Form 990
$341,401
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$329,521
Salaries, Compensation, and Employee Benefits$41,687
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$96,772--$96,772
Occupancy$84,795--$84,795
Other Expenses$34,692--$34,692
Other Salaries and Wages$32,479--$32,479
Insurance$22,652--$22,652
Fees for Services Management$16,530--$16,530
Office Expenses-$7,101-$7,101
Payroll Taxes$5,010--$5,010
Other Employee Benefits$4,198--$4,198
Fees for Services Accounting-$4,000-$4,000
Fees for Services Legal$80--$80
Total Functional Expenses$360,107$11,101$0$371,208

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$371,208
Total Expenses per Audited Statements$371,208
Total Expenses per Form 990$371,208
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$14,156
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
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
2018-11-02
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/CurrentTaxYearAmt0156148
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0153953
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0150161
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0148407
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0144870
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0753539
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0319
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0274
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0226
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0199
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0151
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01169
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt013306
IRS990ScheduleA/OtherIncome509Grp/TotalAmt013306
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99080
IRS990ScheduleA/PublicSupportPY509Pct00.99050
IRS990ScheduleA/PublicSupportTotal509Amt01562881
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0330602
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0331846
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0323410
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0301084
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0275939
IRS990ScheduleA/Total509Grp/TotalAmt01562881
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0330921
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0332120
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0323636
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0301283
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0289396
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01577356
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0747189
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01899081
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02646270
IRS990ScheduleD/EquipmentGrp/BookValueAmt0688
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013624
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014312
IRS990ScheduleD/ExpensesSubtotalAmt0371208
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt071808
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt059093
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0130901
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014156
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant security deposits
IRS990ScheduleD/RevenueSubtotalAmt0341401
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0819685
IRS990ScheduleD/TotalExpensesPerForm990Amt0371208
IRS990ScheduleD/TotalLiabilityAmt014156
IRS990ScheduleD/TotalRevenuePerForm990Amt0341401
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0341401
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0371208
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/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01181918
IRS990/TotalAssetsEOYAmt01163140
IRS990/TotalAssetsGrp/BOYAmt01181918
IRS990/TotalAssetsGrp/EOYAmt01163140
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0174454
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011101
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0360107
IRS990/TotalFunctionalExpensesGrp/TotalAmt0371208
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02605088
IRS990/TotalLiabilitiesEOYAmt02616117
IRS990/TotalLiabilitiesGrp/BOYAmt02605088
IRS990/TotalLiabilitiesGrp/EOYAmt02616117
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1423170
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1452977
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0360107
IRS990/TotalProgramServiceRevenueAmt0166629
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0166947
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0341401
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01181918
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01163140
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

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