Alternative Residences Three Inc
- Assets
- $2.5m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 23
- Location
- Louisville, KY
- Founding
- 03/1986
- Data as of
- 12/2022
- EIN
- 31-1079031
Organization Overview
Alternative Residences Three Inc is located in Louisville, KY. The organization was established in 1986. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Alternative Residences Three Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alternative Residences Three Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Alternative Residences Three Inc generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALTERNATIVE RESIDENCES III OPERATES THREE-8 BED INTERMEDIATE CARE/INTELLECTUAL DISABILITY HOMES IN OHIO. IT SUPPORTS 24 MEN AND WOMEN IN THE THREE HOMES. ALL OF THE RESIDENTS ATTEND EITHER A RESCARE-OPERATED DAY HABILITATION PROGRAM OR THE COUNTY-OPERATED SHELTERED WORKSHOP. SEVERAL OF THE RESIDENTS ARE ALSO INVOLVED IN VOLUNTEER ACTIVITIES IN THE COMMUNITY INCLUDING THE ANIMAL SHELTER AND FOOD PANTRY. WE CONTINUE TO FOCUS OUR PRIMARY MISSION-INCREASING INDEPENDENCE OF THE INDIVIDUALS THAT WE SUPPORT AS WELL AS MAINTAINING AND INCREASING PERSONAL AND COMMUNITY RELATIONSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 0.5 | $0 | |
Name Not Listed Director | 0.5 | $0 | |
Name Not Listed Treasurer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Highco Inc Day Program | 12/30/21 | $420,151 |
Voca Corporation Management Company | 12/30/21 | $311,510 |
Ohio Dept Of Medicaid Insurance | 12/30/21 | $123,380 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,895,208 |
| Total Revenue | $2,895,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,138,824 |
| Pension plans, employee benefits | $183,718 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $27,536 |
| Occupancy | $253,694 |
| Travel, conferences, and meetings | $1,268 |
| Printing and publications | $0 |
| Other expenses | $428,484 |
| Total operating and administrative expenses | $2,802,302 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,802,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,897,702 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $461,088 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $91,745 |
| Other assets | $0 |
| Total assets | $2,450,535 |
| Accounts payable and accrued expenses | $601,194 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $601,194 |