INDIANA OIC SENIOR HOUSING INC TA … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Phone

6096468861

Tax Period

2018-01-01 to 2018-12-31

INDIANA OIC SENIOR HOUSING INC TA OPPORTUNITIES PARK APARTMENTS, founded in 1988, is a small nonprofit that reported $442K in total revenue in fiscal year 2018. Expenses of $496K exceeded revenue, resulting in a 12% operating deficit.

Mission

INDIANA OIC SENIOR HOUSING, INC. (AN INDIANA NOT FOR PROFIT CORPORATION) (THE "CORPORATION") WAS ORGANIZED TO OWN AND OPERATE A 40-UNIT APARTMENT COMMUNITY IN INDIANPOLIS, INDIANA, KNOWN AS OPPORTUINITIES PARK APARTMENTS (THE "COMMUNITY"), PURSUANT TO SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD.

Program Service Accomplishments

Program 1

Expenses: $496,020 Revenue: $115,154

INDIANA OIC SENIOR HOUSING, INC. (AN INDIANA NOT-FOR-PROFIT CORPORATION) ("THE CORPORATION") WAS ORGANIZED TO OWN AND OPERATE A 40 UNIT APARTMENT COMMUNITY IN INDIANPOLIS, INDIANA, KNOWN AS...

INDIANA OIC SENIOR HOUSING, INC. (AN INDIANA NOT-FOR-PROFIT CORPORATION) ("THE CORPORATION") WAS ORGANIZED TO OWN AND OPERATE A 40 UNIT APARTMENT COMMUNITY IN INDIANPOLIS, INDIANA, KNOWN AS OPPORTUNITIES PARK APARTMENTS ("THE COMMUNITY"), PURSUANT TO SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGUALTORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $324,201

Program Service Revenue $115,154

Investment Income $249

Other Revenue $2,373

TOTAL REVENUE $441,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,051

Fundraising Expenses $0

Program Expenses $496,020

Other Expenses $390,969

TOTAL EXPENSES $496,020

Year-over-Year Comparison

	2018	2017	Change
Revenue	$441,977	$423,842	+0.0%
Expenses	$496,020	$446,387	+0.1%
Net Income	$-54,043	$-22,545	+1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD J HARPER ESQ	Chairman	1.00	Officer Director	$0	$0	$0
THOMASENIA COTTON	Treasurer	1.00	Officer Director	$0	$0	$0
GARY BURGESS	Director	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2018	$441,977	$496,020	$559,723	$-54,043

INDIANA OIC SENIOR HOUSING INC TA OPPORTUNITIES PARK APARTMENTS