Life Path Inc
- Assets
- $9.9m
- Revenue
- $20.8m
- Investments
- $0.0
- Employees
- 176
- Location
- Greenfield, MA
- Founding
- 01/1975
- Data as of
- 06/2023
- EIN
- 04-2542539
Organization Overview
Life Path Inc is located in Greenfield, MA. The organization was established in 1975. According to its NTEE Classification (P44) the organization is classified as: In-Home Assistance, under the broad grouping of Human Services and related organizations. As of 06/2023, Life Path Inc employed 176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Path 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 06/2023, Life Path Inc generated $20.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $21.6m during the year ending 06/2023. While expenses have increased by 2.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE MISSION IS TO HELP ELDERS LIVE AT HOME SAFELY AND INDEPENDENTLY FOR AS LONG AS POSSIBLE BY PROVIDING ASSISTANCE AND ACCESS TO A COMPREHENSIVE RANGE OF SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY CHOICES PROGRAMPURPOSE IS TO HELP ELDERS SECURE AND MAINTAIN MAXIMUM INDEPENDENCE IN THEIR HOME ENVIRONMENT. CASE MANAGERS COMPLETE AN ASSESSMENT TO DETERMINE ELIGIBILITY (BOTH CLINICAL AND FINANCIAL), DEVELOP A SERVICE PLAN, ARRANGE FOR SERVICES FROM ONE OF THE MANY PROVIDERS WITH WHICH THE ORGANIZATION CONTRACTS, AND MONITOR SERVICES ON A SCHEDULED AND AS-NEEDED BASIS. SERVICES GENERALLY INCLUDE, BUT ARE NOT LIMITED TO, ONE OR MORE OF THE FOLLOWING: ADULT DAY HEALTH, HOME HEALTH AIDE, HOMEMAKER, PERSONAL CARE, HOME-DELIVERED MEALS, AND TRANSPORTATION. ELIGIBILITY FOR THIS PROGRAM REQUIRES THAT THE ELDER BE CLINICALLY ELIGIBLE FOR NURSING HOME PLACEMENT AND BE RECEIVING MASSHEALTH.
ENHANCED COMMUNITY OPTIONS, PROTECTIVE SERVICE, CONGREGATE HOUSING, SUPPORTIVE HOUSING, CLINICAL ASSESS AND ELIGIBILITY, MONEY MANAGEMENT, ELDER CARE ADVISORS, TITLE IIIB, TITLE IIIC, TITLE IIIE, PERSONAL CARE ATTENDANT, SHINE, GOODLIFE, DEVELOPMENTAL SERVICES AND SENIOR CARE OPTIONS.
ADULT FAMILY CARE PROGRAMTHIS PROGRAM PROVIDES CARE AND SUPPORT IN A HOME ENVIRONMENT FOR INDIVIDUALS 16 YEARS OF AGE AND OLDER, WHO, BECAUSE OF MEDICAL, PHYSICAL, COGNITIVE OR PSYCHIATRIC PROBLEMS, CANNOT SAFELY LIVE ALONE. THE PROGRAM MATCHES THE PARTICIPANT WITH A FAMILY THAT MEETS HIS OR HER MEDICAL NEEDS AND PERSONAL INTEREST. ELIGIBILITY FOR THIS PROGRAM REQUIRES THAT THE INDIVIDUAL MEET CLINICAL ELIGIBILITY GUIDELINES AND BE RECEIVING MASSHEALTH.
STATE HOME CARE PROGRAMPURPOSE IS TO HELP ELDERS SECURE AND MAINTAIN MAXIMUM INDEPENDENCE IN THEIR HOME ENVIRONMENT. CASE MANAGERS COMPLETE AN ASSESSMENT TO DETERMINE ELIGIBILITY (BOTH CLINICAL AND FINANCIAL), DEVELOP A SERVICE PLAN, ARRANGE FOR SERVICES FROM ONE OF THE MANY PROVIDERS WITH WHICH THE ORGANIZATION CONTRACTS, AND MONITOR SERVICES ON A SCHEDULED AND AS-NEEDED BASIS. SERVICES GENERALLY INCLUDE, BUT ARE NOT LIMITED TO, ONE OR MORE OF THE FOLLOWING: ADULT DAY HEALTH, HOME HEALTH AIDE, HOMEMAKER, PERSONAL CARE, HOME-DELIVERED MEALS, AND TRANSPORTATION. ELIGIBILITY FOR THIS PROGRAM REQUIRES A NEED FOR ASSISTANCE FOR A REGULATED NUMBER OF ACTIVITIES OR INSTRUMENTAL ACTIVITIES OF DAILY LIVING AS WELL AS AN INCOME AT OR BELOW SPECIFIED GUIDELINES. ELDERS ABOVE THE GUIDELINES ARE SUBJECT TO A CO-PAY FOR THE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Bodzin Prior Executive Director | Officer | 35 | $152,447 |
Tracy Fisher Prior Finance Director | Officer | 35 | $111,726 |
Lynne Feldman Community Services Directo | Officer | 35 | $102,596 |
Gary Yuhas Executive Director | Officer | 35 | $0 |
Phil Gilfeather-Girton Finance Director | Officer | 35 | $0 |
Mary Giannetti President | OfficerTrustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Compuworks Computer Support | 6/29/17 | $170,322 |
Greenfield Corporate Center Construction | 6/29/17 | $133,839 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,119,632 |
| All other contributions, gifts, grants, and similar amounts not included above | $361,713 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,481,345 |
| Total Program Service Revenue | $5,266,383 |
| Investment income | $14,763 |
| 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 | $20,762,491 |
| 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. | $201,737 |
| Compensation of current officers, directors, key employees. | $169,432 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,499,911 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,191,311 |
| Payroll taxes | $761,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,292 |
| Fees for services: Accounting | $30,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,489 |
| Advertising and promotion | $76,334 |
| Office expenses | $149,548 |
| Information technology | $221,667 |
| Royalties | $0 |
| Occupancy | $393,284 |
| Travel | $161,412 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,477 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,961 |
| Insurance | $67,979 |
| All other expenses | $64,416 |
| Total functional expenses | $21,571,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382,457 |
| Savings and temporary cash investments | $2,134,140 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,503,866 |
| 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 | $220,230 |
| Net Land, buildings, and equipment | $254,697 |
| Investments—publicly traded securities | $314,993 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,072,075 |
| Total assets | $9,882,458 |
| Accounts payable and accrued expenses | $2,690,169 |
| Grants payable | $0 |
| Deferred revenue | $353,704 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,056,392 |
| Total liabilities | $4,100,265 |
| Net assets without donor restrictions | $4,972,417 |
| Net assets with donor restrictions | $809,776 |
| 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 | $9,882,458 |