Civic Intelligence

Opportunity Homes Incorporated

990 • Fiscal year 2021 • EIN 42-1144672

Jul 01, 2020 to Jun 30, 2021 • Filed on Sep 07, 2021

PO Box 166Decorah, IA 52101

(563) 382-8140

Siviq Scores

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

Liabilities / Assets

76th percentile

0.32x

Higher debt load relative to assets than 76% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

59th percentile

0.15x

Higher debt load relative to revenue than 59% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

48th percentile

12%

Higher net margin than 48% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

56th percentile

$71,117

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

41st percentile

5.4%

Faster asset growth than 41% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

64th percentile

27%

Faster revenue growth than 64% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,769,789

Up $90,393 (+5.4%) from 2020

Net Assets

Up

$1,199,821

Up $452,155 (+60%) from 2020

Liabilities

Down

$569,968

Down $361,762 (-39%) from 2020

Revenue

Up

$3,870,468

Up $814,974 (+27%) from 2020

Expenses

Up

$3,418,313

Up $407,233 (+14%) from 2020

Net Income

Up

$452,155

Up $407,741 (+918%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $773,429Liabilities 2012: $278,155Net Assets 2012: $495,2742012Assets 2013: $752,757Liabilities 2013: $237,243Net Assets 2013: $515,5142013Assets 2014: $844,971Liabilities 2014: $271,535Net Assets 2014: $573,4362014Assets 2015: $862,326Liabilities 2015: $282,764Net Assets 2015: $579,5622015Assets 2016: $805,799Liabilities 2016: $186,872Net Assets 2016: $618,9272016Assets 2017: $814,711Liabilities 2017: $178,302Net Assets 2017: $636,4092017Assets 2018: $953,145Liabilities 2018: $282,594Net Assets 2018: $670,5512018Assets 2019: $1,083,267Liabilities 2019: $380,015Net Assets 2019: $703,2522019Assets 2020: $1,679,396Liabilities 2020: $931,730Net Assets 2020: $747,6662020Assets 2021: $1,769,789Liabilities 2021: $569,968Net Assets 2021: $1,199,8212021Assets 2022: $1,529,009Liabilities 2022: $550,317Net Assets 2022: $978,6922022Assets 2023: $1,211,713Liabilities 2023: $348,711Net Assets 2023: $863,0022023Assets 2024: $1,060,008Liabilities 2024: $219,488Net Assets 2024: $840,5202024Assets 2025: $1,355,112Liabilities 2025: $356,974Net Assets 2025: $998,1382025

Highlighted filing

2021

Assets$1,769,789
Liabilities$569,968
Net Assets$1,199,821

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2012: $2,360,678Expenses 2012: $2,348,158Net Income 2012: $12,5202012Expenses 2013: $2,370,6822013Revenue 2014: $2,579,436Expenses 2014: $2,521,514Net Income 2014: $57,9222014Revenue 2015: $2,650,326Expenses 2015: $2,644,200Net Income 2015: $6,1262015Revenue 2016: $2,590,935Expenses 2016: $2,551,570Net Income 2016: $39,3652016Revenue 2017: $2,690,116Expenses 2017: $2,672,634Net Income 2017: $17,4822017Revenue 2018: $2,684,873Expenses 2018: $2,650,731Net Income 2018: $34,1422018Revenue 2019: $2,837,161Expenses 2019: $2,804,460Net Income 2019: $32,7012019Revenue 2020: $3,055,494Expenses 2020: $3,011,080Net Income 2020: $44,4142020Revenue 2021: $3,870,468Expenses 2021: $3,418,313Net Income 2021: $452,1552021Revenue 2022: $3,311,408Expenses 2022: $3,532,537Net Income 2022: -$221,1292022Revenue 2023: $3,296,016Expenses 2023: $3,411,706Net Income 2023: -$115,6902023Revenue 2024: $3,227,626Expenses 2024: $3,250,108Net Income 2024: -$22,4822024Revenue 2025: $3,512,608Expenses 2025: $3,354,990Net Income 2025: $157,6182025

Highlighted filing

2021

Revenue$3,870,468
Expenses$3,418,313
Net Income$452,155
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Sep 7, 2021
Return Version
2020v4.0
Gross Receipts
$3,870,468
Mission and Program Overview

Mission

Provide services to persons with special needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,215,110$1,302,862▲ $87,752
Accounts Receivable$300,733$293,457▼ $7,276
Land, Buildings, and Equipment, Net$148,968$158,307▲ $9,339
Prepaid Expenses and Deferred Charges$14,265$14,843▲ $578
Cash and Non-Interest-Bearing Accounts$320$320→ $0
Total Assets$1,679,396$1,769,789▲ $90,393
Liabilities
Accounts Payable and Accrued Expenses$382,797$569,968▲ $187,171
Other Liabilities$548,933--
Total Liabilities$931,730$569,968▼ $361,762
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$747,666$1,199,821▲ $452,155
Total Net Assets Fund Balance$747,666$1,199,821▲ $452,155
Total Liabilities and Net Assets / Fund Balance$1,679,396$1,769,789▲ $90,393

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$81,135$503,932$585,067
Buildings$56,172$117,434$173,606
Land$21,000-$21,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shanna HaleExecutive DiFT$71,117$71,117

Board Members and Trustees

NameTitle
Julie GoedkenPresident
Randy PfileV President
Carol LudekingDirector
Dave DahmsDirector
Marilyn NiewoehnerDirector
Mark JensenDirector
Sherry SchillingDirector
Jenny ButlerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$151,585
Program Service Revenue
$3,699,942
Investment Income
$4,521
Other Revenue
$14,420
All Other Contributions
$8,615
Change in Net Assets
$452,155

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,870,468
Total Revenue per Audited Statements
$3,870,468
Total Revenue per Form 990
$3,870,468
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,227,361
Other Expenses$190,952
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,756,859$752,939-$2,509,798
Other Employee Benefits$284,236$121,815-$406,051
Payroll Taxes$131,961$56,555-$188,516
Pension Plan Contributions$86,097$36,899-$122,996
Occupancy$48,726$20,883-$69,609
Depreciation Depletion$22,005$9,431-$31,436
All Other Expenses$10,890$6,811-$17,701
Fees for Services Accounting-$13,742-$13,742
Other Expenses$4,892$10,668-$4,892
Conferences and Meetings$3,873--$3,873
Total Functional Expenses$2,377,234$1,041,079$0$3,418,313

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,418,313
Total Expenses per Audited Statements$3,418,313
Total Expenses per Form 990$3,418,313
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,620
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Sherri SchillingLandlordRentNo-
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
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The board is given a copy of the 990 to review at a board meeting before the return is filed.

Form 990, Page 6, Part VI, Line 12C

Board members provide written disclosure on any conflict of interest they may have on an annual basis.

Form 990, Page 6, Part VI, Line 15A

The board reviews and compares data of surrounding organizations of similar size in the surrounding area. The board also reviews performance annually and votes on approval of compensation, which is reflected in the board minutes.

Form 990, Page 6, Part VI, Line 19

Governing documents, polices and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Opportunity Homes Inc
EIN
42-1144672
Phone
5633828140
Address
PO BOX 166, DECORAH, IA 52101

Signing Officer

Name
Julie Goedken
Title
President
Phone
5633828140
Signed
2021-09-07

Organization Details

Principal Officer
Julie Goedken
Formed
1979
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
88
Volunteers
8

Preparer

Firm
Hacker Nelson & Co Pc
Address
PO BOX 507, DECORAH, IA 52101
Preparer
Neil W Schraeder
Phone
5633823637
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt015512
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0207851
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04521
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04572
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03962
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01952
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01417
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt016424
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt012255657
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92680
IRS990ScheduleA/PublicSupportPY170Pct00.84950
IRS990ScheduleA/PublicSupportTotal170Amt0207851
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0151585
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt013310
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt014670
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt012774
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt015512
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0207851
IRS990ScheduleA/TotalSupportAmt0224275
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt056172
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0117434
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0173606
IRS990ScheduleD/EquipmentGrp/BookValueAmt081135
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0503932
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0585067
IRS990ScheduleD/ExpensesSubtotalAmt03418313
IRS990ScheduleD/LandGrp/BookValueAmt021000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt021000
IRS990ScheduleD/RevenueSubtotalAmt03870468
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0158307
IRS990ScheduleD/TotalExpensesPerForm990Amt03418313
IRS990ScheduleD/TotalRevenuePerForm990Amt03870468
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03870468
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03418313
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0SHERRI SCHILLING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0LANDLORD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENT
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0ALL TRANSACTIONS WITH INTERESTED PERSONS WERE REASONABLE AND COMPARABLE. ALL BOARD MEMBERS ARE VOLUNTEERS AND UNPAID.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD IS GIVEN A COPY OF THE 990 TO REVIEW AT A BOARD MEETING BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS PROVIDE WRITTEN DISCLOSURE ON ANY CONFLICT OF INTEREST THEY MAY HAVE ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS AND COMPARES DATA OF SURROUNDING ORGANIZATIONS OF SIMILAR SIZE IN THE SURROUNDING AREA. THE BOARD ALSO REVIEWS PERFORMANCE ANNUALLY AND VOTES ON APPROVAL OF COMPENSATION, WHICH IS REFLECTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, POLICES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01679396
IRS990/TotalAssetsEOYAmt01769789
IRS990/TotalAssetsGrp/BOYAmt01679396
IRS990/TotalAssetsGrp/EOYAmt01769789
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0151585
IRS990/TotalEmployeeCnt088
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01041079
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02377234
IRS990/TotalFunctionalExpensesGrp/TotalAmt03418313
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0931730
IRS990/TotalLiabilitiesEOYAmt0569968
IRS990/TotalLiabilitiesGrp/BOYAmt0931730
IRS990/TotalLiabilitiesGrp/EOYAmt0569968
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0747666
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01199821
IRS990/TotalProgramServiceExpensesAmt02377234
IRS990/TotalProgramServiceRevenueAmt03699942
IRS990/TotalReportableCompFromOrgAmt071117
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03710263
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03870468
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01679396
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01769789
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0106 JULIAN ST
IRS990/USAddress/CityNm0DECORAH
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052101
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.OPPORTUNITYHOMES.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIE GOEDKEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05633828140
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OPPORTUNITY HOMES INC
ReturnHeader/Filer/BusinessNameControlTxt0OPPO
ReturnHeader/Filer/EIN0421144672
ReturnHeader/Filer/PhoneNum05633828140
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 166
ReturnHeader/Filer/USAddress/CityNm0DECORAH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052101
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421040336
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HACKER NELSON & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 507
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DECORAH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd052101
ReturnHeader/PreparerPersonGrp/PhoneNum05633823637
ReturnHeader/PreparerPersonGrp/PreparationDt02021-09-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NEIL W SCHRAEDER
ReturnHeader/ReturnTs02021-09-07T15:48:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JULIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GOEDKEN
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.36$1.00$3.51$3.35$0.16
2024Summary only. Only limited summary data is available for this year.$1.06$0.22$0.84$3.23$3.25$0.02
2023Summary only. Only limited summary data is available for this year.$1.21$0.35$0.86$3.30$3.41$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.55$0.98$3.31$3.53$0.22
2021Detailed filing. Detailed filing data is available for this year.$1.77$0.57$1.20$3.87$3.42$0.45
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.68$0.93$0.75$3.06$3.01$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.38$0.70$2.84$2.80$0.03
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.28$0.67$2.68$2.65$0.03
2017Summary only. Only limited summary data is available for this year.$0.81$0.18$0.64$2.69$2.67$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$0.19$0.62$2.59$2.55$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.86$0.28$0.58$2.65$2.64$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.84$0.27$0.57$2.58$2.52$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.24$0.52$2.37
2012Summary only. Only limited summary data is available for this year.$0.77$0.28$0.50$2.36$2.35$0.01