Civic Intelligence

Opportunity Enterprises Inc.

990 • Fiscal year 2018 • EIN 35-1136833

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 21, 2019

2801 Evans AvenueValparaiso, IN 46383

(219) 464-9621

Siviq Scores

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

Liabilities / Assets

57th percentile

0.28x

Higher debt load relative to assets than 57% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

50th percentile

0.23x

Higher debt load relative to revenue than 50% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

29th percentile

-1.5%

Higher net margin than 29% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

49th percentile

$171,083

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

49th percentile

1.8%

Faster asset growth than 49% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

43rd percentile

1.9%

Faster revenue growth than 43% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$14,845,222

Up $257,846 (+1.8%) from 2017

Net Assets

Up

$10,667,221

Up $340,890 (+3.3%) from 2017

Liabilities

Down

$4,178,001

Down $83,044 (-1.9%) from 2017

Revenue

Up

$18,068,089

Up $344,826 (+1.9%) from 2017

Expenses

Up

$18,331,196

Up $743,343 (+4.2%) from 2017

Net Income

Down

-$263,107

Down $398,517 (-294%) from 2017

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $12,107,840Liabilities 2010: $4,271,838Net Assets 2010: $7,836,0022010Assets 2011: $12,774,230Liabilities 2011: $3,564,898Net Assets 2011: $9,209,3322011Assets 2012: $13,368,120Liabilities 2012: $4,045,379Net Assets 2012: $9,322,7412012Assets 2013: $14,598,174Liabilities 2013: $4,731,173Net Assets 2013: $9,867,0012013Assets 2014: $14,024,637Liabilities 2014: $4,304,644Net Assets 2014: $9,719,9932014Assets 2015: $12,942,719Liabilities 2015: $3,972,940Net Assets 2015: $8,969,7792015Assets 2016: $12,980,471Liabilities 2016: $3,587,882Net Assets 2016: $9,392,5892016Assets 2017: $14,587,376Liabilities 2017: $4,261,045Net Assets 2017: $10,326,3312017Assets 2018: $14,845,222Liabilities 2018: $4,178,001Net Assets 2018: $10,667,2212018Assets 2019: $15,173,273Liabilities 2019: $4,112,100Net Assets 2019: $11,061,1732019Assets 2020: $16,831,825Liabilities 2020: $6,617,152Net Assets 2020: $10,214,6732020Assets 2021: $17,973,324Liabilities 2021: $3,934,009Net Assets 2021: $14,039,3152021Assets 2022: $20,113,600Liabilities 2022: $4,257,698Net Assets 2022: $15,855,9022022Assets 2023: $22,751,413Liabilities 2023: $4,620,425Net Assets 2023: $18,130,9882023Assets 2024: $21,260,437Liabilities 2024: $3,744,180Net Assets 2024: $17,516,2572024

Highlighted filing

2018

Assets$14,845,222
Liabilities$4,178,001
Net Assets$10,667,221

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $13,987,5122010Expenses 2011: $14,569,1022011Expenses 2012: $15,144,4552012Expenses 2013: $15,239,3142013Revenue 2014: $16,752,953Expenses 2014: $17,143,401Net Income 2014: -$390,4482014Revenue 2015: $17,655,143Expenses 2015: $18,389,578Net Income 2015: -$734,4352015Revenue 2016: $17,804,462Expenses 2016: $17,455,310Net Income 2016: $349,1522016Revenue 2017: $17,723,263Expenses 2017: $17,587,853Net Income 2017: $135,4102017Revenue 2018: $18,068,089Expenses 2018: $18,331,196Net Income 2018: -$263,1072018Revenue 2019: $17,911,868Expenses 2019: $17,726,429Net Income 2019: $185,4392019Revenue 2020: $17,155,919Expenses 2020: $18,094,572Net Income 2020: -$938,6532020Revenue 2021: $20,835,387Expenses 2021: $18,516,814Net Income 2021: $2,318,5732021Revenue 2022: $20,382,768Expenses 2022: $19,937,504Net Income 2022: $445,2642022Revenue 2023: $26,599,803Expenses 2023: $22,779,110Net Income 2023: $3,820,6932023Revenue 2024: $24,331,884Expenses 2024: $24,253,667Net Income 2024: $78,2172024

Highlighted filing

2018

Revenue$18,068,089
Expenses$18,331,196
Net Income-$263,107
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 21, 2019
Return Version
2017v2.2
Gross Receipts
$18,490,760
Mission and Program Overview

Mission

The primary purpose of the agency is to provide a full range of services to the developmentally disabled. The agency provides vocational training, day services, transportation, and residential services to clients in porter county, indiana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,360,601$6,883,616▼ $476,985
Cash and Non-Interest-Bearing Accounts$2,578,484$1,531,052▼ $1,047,432
Accounts Receivable$1,509,264$1,386,036▼ $123,228
Savings and Temporary Cash Investments$265,360$1,273,336▲ $1,007,976
Prepaid Expenses and Deferred Charges$195,894$416,245▲ $220,351
Pledges and Grants Receivable$205,184$235,975▲ $30,791
Inventories for Sale or Use$49,000$88,725▲ $39,725
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$14,587,376$14,845,222▲ $257,846
Other Assets Total$2,423,589$3,030,237▲ $606,648
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,063,819$1,979,342▼ $84,477
Accounts Payable and Accrued Expenses$1,524,133$1,779,122▲ $254,989
Deferred Revenue$348,259$375,135▲ $26,876
Other Liabilities$324,834$44,402▼ $280,432
Total Liabilities$4,261,045$4,178,001▼ $83,044
Net Assets / Fund Balance
Unrestricted Net Assets$8,495,670$8,404,244▼ $91,426
Permanently Rstr Net Assets$1,227,161$1,268,331▲ $41,170
Temporarily Rstr Net Assets$603,500$994,646▲ $391,146
Total Net Assets Fund Balance$10,326,331$10,667,221▲ $340,890
Total Liabilities and Net Assets / Fund Balance$14,587,376$14,845,222▲ $257,846

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,796,630$6,569,304$11,365,934
Equipment$706,860$3,165,320$3,872,180
Land$1,036,190-$1,036,190
Leasehold Improvements$343,936$536,161$880,097
Other Assets Org$994,646--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,820,089$174,332▲ $41,170-$2,035,591
2016$1,624,233$193,276▲ $2,580-$1,820,089
2015$1,550,903$98,856▼ $25,526-$1,624,233
2014$1,625,513$8,848▼ $24,901-$1,550,903
2013$1,379,437$3,798▲ $243,320-$1,625,513
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ellen DemartinisCEOFT$164,095$6,988$171,083
Mark FisherCFOFT$88,531$3,524$92,055

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,850,073
Program Service Revenue
$15,110,004
Investment Income
$37,142
Other Revenue
$70,870
All Other Contributions
$1,321,906
Change in Net Assets
$-263,107

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table91$29,878Fair Market Value (FMV)
Total Noncash Contributions91$29,878-

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,458,713
Revenue Not Reported on Financial Statements
$-390,624
Revenue Not Reported on Form 990
$202,152
Other Revenue Adjustments
$-390,624
Total Revenue per Audited Statements
$18,660,865
Total Revenue per Form 990
$18,068,089
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,982,374
Other Expenses$4,348,822
Total Fundraising Expense$326,703
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,892,345$860,370$232,155$10,984,870
Other Employee Benefits$1,482,145$238,277$42,972$1,763,394
Payroll Taxes$715,852$78,636$16,411$810,899
Travel$728,232$9,458$1,593$739,283
Occupancy$665,784$38,454$121$704,359
Depreciation Depletion$625,084$31,137$2,150$658,371
Office Expenses$283,795$35,318$17,704$336,817
All Other Expenses$266,709$35,750$979$303,438
Current Officers, Directors, Trustees, and Key Employees-$265,527-$265,527
Information Technology$61,400$100,774$4,171$166,345
Pension Plan Contributions$133,092$20,550$4,042$157,684
Fees for Services Other$38,666$114,656-$153,322
Fees for Services Accounting$32,409$85,502-$117,911
Other Expenses$38,480$65,762$852$104,242
Conferences and Meetings$8,377$9,730$2,358$20,465
Advertising$6,647$3,984$1,195$11,826
Fees for Services Lobbying$2,353--$2,353
Fees for Services Legal$390--$390
Interest-$5-$5
Total Functional Expenses$16,003,425$2,001,068$326,703$18,331,196

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$18,923,972
Total Expenses per Form 990$18,331,196
Expenses per Audited Statements$18,301,318
Expenses Not Reported on Form 990$622,654
Expenses Not Reported on Financial Statements$29,878
Other Expense Adjustments$29,878
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$150,054
Fundraising Gross Income$105,376
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Winter Gala$328,368$37,050$39,948$-2,898
Golf Outing$37,493$9,920$4,855$5,065
Total Events$435,921$105,376$150,054$-44,678
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Retroactive Third-Party Adj.$44,402
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
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

Form 990, Part VI, Line 11B: Form 990 Review Process

A draft copy is reviewed in depth by the CFO and the board financial committee. Once it is approved at that level it is taken to the full board for a vote. All board members have a chance to review and comment on the Form 990 prior to voting and filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members and officers are covered. The Executive Administrative Assistant monitors the policy and conflicts. All persons covered are required to sign a form disclosing any conflicts of interest.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The CEO salary is determined by and approved by the Board of Directors. The CFO and other key employees salaries are determined by the CEO with input by the Board of Directors.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The CFO and other key employees salaries are determined by the CEO with input from the Board of Directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The Form 990 is posted on Guidestar. As noted on the Agency's website, financial statements, governing documents, and conflict of interest policies are available upon request.

Filing and Contact Details

Filer

Filer Name
Opportunity Enterprises Inc
EIN
35-1136833
Phone
2194649621
Address
2801 EVANS AVENUE, VALPARAISO, IN 46383

Signing Officer

Name
Mark Fisher
Title
CFO
Signed
2019-02-21
Discuss with paid preparer
Yes

Organization Details

Formed
1967
Legal Domicile
In
Voting Board Members
16
Independent Board Members
16
Employees
620
Volunteers
790

Preparer

Firm
Bradley & Associates Inc
Address
201 S Capitol Ave Ste 700, Indianapolis, IN 46225
Preparer
Skander Nasser Iii
Phone
3172375500
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Opportunity Enterprises, Inc. provides a variety of other services to clients throughout Northwest Indiana. OTHER PROGRAM SERVICES 5: Opportunity Enterprises, Inc. provides convenient and accessible transportation services to persons with disabilities. OTHER PROGRAM SERVICES 6: Opportunity Enterprises, Inc. provides a variety of Enrichment Programs, which provide consumers with creative and positive outlets for their interests and talents. Some programs include assistive technology, art enrichment, and community integration.

Other Changes In Net Assets Or Fund Balances - Other Increases

Endowment Fund Support = $41170

Other Changes In Net Assets Or Fund Balances - Other Increases

Increase in Temporarily Restricted Net Assets = $391146

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The primary purpose of one of the Funds shall be to provide support to children's programs at Opportunity Enterprises, Inc. In the event children's programs are no longer offered, the Fund shall provide support to Opportunity Enterprises, Inc. to carry out its role and mission as described by its governing documents. The primary purpose of the second Fund is for general purposes to carry out Opportunity Enterprises, Inc.'s mission.

Part X : FIN48 Footnote

The Agency has been granted exemption from taxation as a not-for-profit organization under Section 501(c)(3) of the U.S. Internal Revenue Code. Accordingly, no expense has been recognized for income taxes in the accompanying financial statements.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Intercompany revenue $202152

Part XII, Line 2D: Other expenses and losses per audited F/S

Cogs $122754 special event expense $150054 rent expense $147694 intercompany expense $202152

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Non-cash donations $29878

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IRS990/Desc0Opportunity Enterprises, Inc. provides a variety of services to individuals in their residence. The Agency currently operates seven group homes dedicated to serving individuals with a range of mild to severe and profound developmental disabilities. The homes provide a natural, non-clinical setting to foster a sense of familial comfort and stability for our residents.Six group homes currently support six residents and one group home supports eight residents, to optimize opportunities for individual and group training in areas of daily living, leisure skills, and community integration, and also supports individuals in group homes with additional medical and nutritional support. In addition, the Agency also has a Supported Living Program, which provides support to adults with disabilities who want to live in their own apartment or home. Participants receive support on an as-needed basis through individualized programs developed and implemented to specific needs. Finally, the Agency provides Respite Services, which are designated by the state to be "relief of the primary caregiver".
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IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt17CEO
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IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01967
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
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IRS990/FundraisingActivitiesInd0true
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IRS990/FundraisingDirectExpensesAmt0150054
IRS990/FundraisingGrossIncomeAmt0105376
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IRS990/GrossReceiptsAmt018490760
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0100774
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0THE PRIMARY PURPOSE OF THE AGENCY IS TO PROVIDE A FULL RANGE OF SERVICES TO THE DEVELOPMENTALLY DISABLED. THE AGENCY PROVIDES VOCATIONAL TRAINING, DAY SERVICES, TRANSPORTATION, AND RESIDENTIAL SERVICES TO CLIENTS IN PORTER COUNTY, INDIANA.
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01482145
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IRS990/OtherExpensesGrp/Desc0Pass-Thru Grants
IRS990/OtherExpensesGrp/Desc1Provider Assessment
IRS990/OtherExpensesGrp/Desc2FOOD & BEVERAGE
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt165762
IRS990/OtherExpensesGrp/ProgramServicesAmt0588984
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IRS990/OtherExpensesGrp/TotalAmt1231923
IRS990/OtherExpensesGrp/TotalAmt2208788
IRS990/OtherExpensesGrp/TotalAmt3104242
IRS990/OtherLiabilitiesGrp/BOYAmt0324834
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IRS990/OtherRevenueMiscGrp/BusinessCd0900099
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09892345
IRS990/OtherSalariesAndWagesGrp/TotalAmt010984870
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$21.3$3.74$17.5$24.3$24.3$0.08
2023Detailed filing. Detailed filing data is available for this year.$22.8$4.62$18.1$26.6$22.8$3.82
2022Detailed filing. Detailed filing data is available for this year.$20.1$4.26$15.9$20.4$19.9$0.45
2021Detailed filing. Detailed filing data is available for this year.$18.0$3.93$14.0$20.8$18.5$2.32
2020Detailed filing. Detailed filing data is available for this year.$16.8$6.62$10.2$17.2$18.1$0.94
2019Detailed filing. Detailed filing data is available for this year.$15.2$4.11$11.1$17.9$17.7$0.19
2018Detailed filing. Detailed filing data is available for this year.$14.8$4.18$10.7$18.1$18.3$0.26
2017Detailed filing. Detailed filing data is available for this year.$14.6$4.26$10.3$17.7$17.6$0.14
2016Detailed filing. Detailed filing data is available for this year.$13.0$3.59$9.39$17.8$17.5$0.35
2015Detailed filing. Detailed filing data is available for this year.$12.9$3.97$8.97$17.7$18.4$0.73
2014Detailed filing. Detailed filing data is available for this year.$14.0$4.30$9.72$16.8$17.1$0.39
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.6$4.73$9.87$15.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$4.05$9.32$15.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$3.56$9.21$14.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$4.27$7.84$14.0