Open Arms Assisted Living
- Assets
- $6.5m
- Revenue
- $972.9k
- Investments
- $0.0
- Employees
- 14
- Location
- Denver, CO
- Founding
- 02/2020
- Data as of
- 07/2023
- EIN
- 83-2116721
Organization Overview
Open Arms Assisted Living is located in Denver, CO. The organization was established in 2020. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 07/2023, Open Arms Assisted Living employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Arms Assisted Living 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 07/2023, Open Arms Assisted Living generated $972.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $2.7m during the year ending 07/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.OPEN ARMS ASSISTED LIVING OPERATES A MISSION-BASED ASSISTED LIVING FACILITY FOR THE ELDERLY, SERVING THE MONTBELLO AND THE BROADER DENVER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPEN ARMS ASSISTED LIVING OPERATES A MISSION-BASED ASSISTED LIVING FACILITY FOR THE ELDERLY. THE ORGANIZATION DEVELOPED AND REPURPOSED THE ST. ANDREW LUTHERAN ELEMENTARY SCHOOL INTO 30 BEDS OF AFFORDABLE ASSISTED LIVING UNDER ITS HOME AND COMMUNITY-BASED SERVICES (HCBS) PROGRAM, SERVING THE MONTBELLO AND THE BROADER DENVER COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Murzyn President | OfficerTrustee | 1 | $0 |
Morgan Jenkins Secretary | OfficerTrustee | 5 | $0 |
Ron Klein Board Member | Trustee | 7 | $0 |
Renee Bauer Board Member | Trustee | 0.5 | $0 |
Mary Davis Board Member | Trustee | 3 | $0 |
Sammy Omiteru Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $964,485 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $972,922 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,320 |
| Compensation of current officers, directors, key employees. | $8,077 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $337,306 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,828 |
| Payroll taxes | $136,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,565,401 |
| Advertising and promotion | $14,198 |
| Office expenses | $47,841 |
| Information technology | $20,141 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $246 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,659 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,638 |
| Insurance | $43,813 |
| All other expenses | $47,182 |
| Total functional expenses | $2,657,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,320 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,138 |
| 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 | $0 |
| Net Land, buildings, and equipment | $6,374,161 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,462,619 |
| Accounts payable and accrued expenses | $174,254 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,749,319 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,793 |
| Total liabilities | $5,927,366 |
| Net assets without donor restrictions | $535,253 |
| Net assets with donor restrictions | $0 |
| 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 | $6,462,619 |