AVON LAKE GREATER YEARS CORPORATION

EIN: 341337951 501(c)(3)

AVON LAKE, OH

Total Revenue
$379,136
Total Expenses
$90,461
Total Assets
$1,258,670
Net Assets
$-601,798
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
OH
Principal Officer
DALE GUTHMAN
Phone
2163375631
Tax Period
2022-01-01 to 2022-12-31

AVON LAKE GREATER YEARS CORPORATION, founded in 1977, is a small nonprofit that reported $379K in total revenue in fiscal year 2022. Revenue fell 53% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $289K, a strong 76% operating margin.

Mission

PARTICIPATION AS A COMMUNITY PARTNER IN THE OWNERSHIP AND MANAGEMENT OF A FIXED INCOME SENIOR AND SPECIAL NEEDS HOUSING APARTMENT BUILDING. THE ORGANIZATION ASSISTS IN PROVING UPKEEP OF THE PROPERTY, PARTICIPATION IN SOCIAL AND RECREATIONAL ACTIVITIES OF THE RESIDENTS AND COMMUNITY OUTREACH TO OTHER SENIOR AND FIXED INCOME SOCIAL SERVICES.

Program Service Accomplishments

Program 1
Expenses: $20,488

PARTICIPATION AS A COMMUNITY PARTNER IN THE OWNERSHIP AND MANAGEMENT OF A FIXED INCOME SENIOR AND SPECIAL NEEDS HOUSING APARTMENT BUILDING. THE ORGANIZATION ASSISTS IN PROVING UPKEEP OF THE PROPERTY...

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PARTICIPATION AS A COMMUNITY PARTNER IN THE OWNERSHIP AND MANAGEMENT OF A FIXED INCOME SENIOR AND SPECIAL NEEDS HOUSING APARTMENT BUILDING. THE ORGANIZATION ASSISTS IN PROVING UPKEEP OF THE PROPERTY, PARTICIPATION IN SOCIAL AND RECREATIONAL ACTIVITIES OF THE RESIDENTS AND COMMUNITY OUTREACH TO OTHER SENIOR AND FIXED INCOME SOCIAL SERVICES.

Program 2
Expenses: $62,268

INTERIOR AND EXTERIOR PROPERTY IMPROVEMENTS WHICH ARE NOT LIMITED TO BUT INCLUDE WINDOW AND DOOR REPLACEMENTS, FLOORING AND CARPET REPLACEMENT, RECONDITIONING OF THE PARKING LOT, WALKS AND DRIVES...

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INTERIOR AND EXTERIOR PROPERTY IMPROVEMENTS WHICH ARE NOT LIMITED TO BUT INCLUDE WINDOW AND DOOR REPLACEMENTS, FLOORING AND CARPET REPLACEMENT, RECONDITIONING OF THE PARKING LOT, WALKS AND DRIVES, PROPERTY SIGNAGE, RECONSTRUCTION OF PROPERTY ENTRYWAY, INTERCOM AND SECURITY UPGRADES, PAINTING AND WALLPAPERING, COUNTERS, RAILING AND SHELVING IN COMMON AREA'S, ADMINISTRATIVE OFFICES, RESIDENT ACTIVITY ROOM, RESIDENT FITNESS ROOM, LAUNDRY ROOM UPGRADES, RESTROOM UPGRADES AND UPGRADES TO ALL RESIDENT COMMON AREA'S THROUGHOUT HIGH RISE APARTMENT BUILDING.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $373,883
Investment Income $153
Other Revenue $5,100
TOTAL REVENUE $379,136

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $82,756
Other Expenses $90,461
TOTAL EXPENSES $90,461

Year-over-Year Comparison

2022 2021 Change
Revenue $379,136 $804,060 -0.5%
Expenses $90,461 $2,261,860 -1.0%
Net Income $288,675 $-1,457,800 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
15

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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOEL KRUECK PRESIDENT 1.00
Officer
$0 $0 $0
DENNIS POTONIC VICE PRESIDE 1.00
Officer
$0 $0 $0
DALE GUTHMAN TREASURER 1.00
Officer
$0 $0 $0
BETTY WAGNER SECRETARY 1.00
Officer
$0 $0 $0
DON ARNOLD BOARD MEMBER 1.00
Director
$0 $0 $0
DARREL BILANCINI BOARD MEMBER 1.00
Director
$0 $0 $0
KRISTEN BOLL BOARD MEMBER 1.00
Director
$0 $0 $0
MEGAN BURMEISTER BOARD MEMBER 1.00
Director
$0 $0 $0
EILEEN WOZNIAK BOARD MEMBER 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
2022 $379,136 $90,461 $1,258,670 $288,675
2021 $804,060 $2,261,860 $1,281,763 $-1,457,800
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