Options For Independence
- Assets
- $2.8m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 32
- Location
- Houma, LA
- Founding
- 08/1993
- Data as of
- 06/2022
- EIN
- 72-1208898
Organization Overview
Options For Independence is located in Houma, LA. The organization was established in 1993. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, Options For Independence employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Options For Independence 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 06/2022, Options For Independence generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUTREACH SERVICES IN THE AREAS OF MENTAL HEALTH, HOUSING, EMPLOYMENT, SUBSTANCE ABUSE PREVENTION AND TREATMENT, AND FINANCIAL INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES OUTREACH AND CASE MANAGEMENT SERVICES TO INDIVIDUALS WITH SERIOUS MENTAL ILLNESSES, INCLUDING THE HOMELESS, AIDING IN THEIR RECOVERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Chauvin Chief Executive Officer | OfficerTrustee | 40 | $99,999 |
Mary Davis Secretary | OfficerTrustee | 0.25 | $0 |
Randall Alfred Treasurer | OfficerTrustee | 0.25 | $0 |
Sherl Turner Executive Director | OfficerTrustee | 40 | $74,999 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $36,000 |
| Government grants | $1,397,797 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,530 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,479,327 |
| Total Program Service Revenue | $629,484 |
| Investment income | $20,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $90,918 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,224,797 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $35,838 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $174,998 |
| Compensation of current officers, directors, key employees. | $163,747 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $710,060 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $70,203 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,655 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $120,119 |
| Advertising and promotion | $3,428 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,833 |
| Travel | $7,543 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,805 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,669 |
| Insurance | $99,912 |
| All other expenses | $56,867 |
| Total functional expenses | $1,472,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,016 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $27,761 |
| Accounts receivable, net | $296,264 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,669 |
| Net Land, buildings, and equipment | $2,315,744 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,335 |
| Total assets | $2,803,789 |
| Accounts payable and accrued expenses | $95,753 |
| Grants payable | $570,000 |
| Deferred revenue | $37,074 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $381,317 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $648,201 |
| Total liabilities | $1,732,345 |
| Net assets without donor restrictions | $67,320 |
| Net assets with donor restrictions | $1,004,124 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,803,789 |