Nonprofit · EIN 72-1208898
OPTIONS FOR INDEPENDENCE
Tax-exempt · HOUMA, LA 70363
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | -$1,656,249 | $1,346,925 | -$3,003,174 | $1,832,556 | $1,855,947 | -$23,391 |
| June 30, 2024 | 990 | $1,705,993 | $1,354,628 | $351,365 | $4,852,847 | $1,873,065 | $2,979,782 |
| June 30, 2023 | 990 | $2,915,431 | $1,358,458 | $1,556,973 | $4,610,934 | $1,982,517 | $2,628,417 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $367,581
- of which government grants
- $277,173
- Program service revenue
- $537,968
- Investment income
- -$2,871,560
- Net rental income
- $307,082
- Net gain from sales of assets
- -$2,880,367
- Other revenue
- $309,762
Expenses
- Grants and similar amounts paid
- $26,608
- Compensation of officers, directors and key employees
- $75,000
- Other salaries and wages
- $587,140
- Salaries, compensation and benefits (total)
- $711,116
- Professional fundraising fees
- $0
- Accounting fees
- $30,507
- Occupancy
- $16,845
- Travel
- $23,285
- Depreciation
- $116,441
- Program services (functional)
- $1,005,241
- Management and general (functional)
- $341,684
Balance sheet and other
- Total assets, start of year
- $4,852,847
- Total assets, end of year
- $1,832,556
- Total liabilities, end of year
- $1,855,947
- Net assets, end of year
- -$23,391
- Land, buildings and equipment
- $10,177
- Net assets without donor restrictions
- -$23,391
- Gross receipts
- $2,492,872
- Employees
- 28
- Volunteers
- 0
- Year formed
- 1992
- State of legal domicile
- LA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sherl Turner | Executive Director Trustee or director, Key employee | 40 | $74,999 |
| Rebecca Hoffman-Spears | President Trustee or director, Officer, Key employee, Highest-paid employee | 1.25 | $0 |
| Katrina Billiot | Secretary Trustee or director, Officer | 0.25 | $0 |
| Amie Bice | Treasurer Trustee or director, Officer | 0.25 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sherl Turner | Executive Director Trustee or director, Key employee | 40 | $74,999 |
| Barry Chauvin | President Trustee or director, Officer, Key employee, Highest-paid employee | 1.25 | $33,333 |
| Mary Davis | Secretary Trustee or director, Officer | 0.25 | $0 |
| Randall Alfred | Treasurer Trustee or director, Officer | 0.25 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Barry Chauvin | President Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $99,999 |
| Sherl Turner | Executive Director Trustee or director, Key employee | 40 | $74,999 |
| Mary Davis | Secretary Trustee or director, Officer | 0.25 | $0 |
| Randall Alfred | Treasurer Trustee or director, Officer | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 8326 MAIN ST 3, HOUMA, LA 70363-4871
- In care of
- % BARRY A CHAUVIN
- Principal officer (990 for 2024)
- Barry Chauvin, 8326 Main St Bldg 3, Houma, LA 70363
- Signed the 990
- Rebecca Hoffman-Spears, President
- Phone
- (985) 868-2620
- Return prepared by
- Martin & Pellegrin CPA's PC
Mission
Outreach services in the areas of mental health, housing, employment, substance abuse prevention and treatment, and financial independence.
Program accomplishments
- The Organization provides outreach and case management services to individuals with serious mental illnesses, including the homeless, aiding in their recovery.Expenses $1,005,241
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 72-1208898
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P800)
- Assets (IRS master file)
- $1,832,556
- Income (IRS master file)
- $2,492,872
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | -$1,656,249 | $1,346,925 | $1,832,556 | IRS |
| 990 | June 2024 | $1,705,993 | $1,354,628 | $4,852,847 | IRS |
| 990 | June 2023 | $2,915,431 | $1,358,458 | $4,610,934 | XML |
| 990 | June 2022 | $2,224,797 | $1,472,485 | $2,803,789 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 72-1208898).
Questions about OPTIONS FOR INDEPENDENCE
- What is the EIN of OPTIONS FOR INDEPENDENCE?
- The employer identification number (EIN) of OPTIONS FOR INDEPENDENCE is 72-1208898.
- Is OPTIONS FOR INDEPENDENCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to OPTIONS FOR INDEPENDENCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPTIONS FOR INDEPENDENCE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OPTIONS FOR INDEPENDENCE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OPTIONS FOR INDEPENDENCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of OPTIONS FOR INDEPENDENCE?
- The 990 for the year ended June 30, 2025 names Barry Chauvin.
- Who are the officers and directors of OPTIONS FOR INDEPENDENCE?
- The 990 for the year ended June 30, 2025 lists 4 people; 1 received compensation from the organization, the highest $74,999 (Sherl Turner, Executive Director).
- How much revenue does OPTIONS FOR INDEPENDENCE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of -$1,656,249, expenses of $1,346,925 and total assets of $1,832,556 at year end.
Other nonprofits in HOUMA
- START CORPORATION EIN 58-1687098 · last filed 990 for 2025
- TERREBONNE COUNCIL ON AGING EIN 72-0683976 · last filed 990 for 2025
- TERREBONNE ARC EIN 72-0551658 · last filed 990 for 2025
- MACDONELL UNITED METHODIST CHILDRENS SERVICES INC EIN 72-0459031 · last filed 990 for 2025
- INSTITUTE FOR INDIAN DEVELOPMENT INC EIN 72-0924541 · last filed 990 for 2025
- JAMES J BUQUET JR BAYOULAND YMCA EIN 72-0880478 · last filed 990 for 2024
- HOPE RESTORED PREGNANCY RESOURCE CENTER EIN 04-3818262 · last filed 990 for 2025
- TADDY VILLAGE INC EIN 72-1281101 · last filed 990 for 2025