Alternative Living Concepts Inc
- Assets
- $1.4m
- Revenue
- $555.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 03/1994
- Data as of
- 09/2023
- EIN
- 05-0442015
Organization Overview
Alternative Living Concepts Inc is located in Providence, RI. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alternative Living Concepts 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 09/2023, Alternative Living Concepts Inc generated $555.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.4% each year . All expenses for the organization totaled $700.5k during the year ending 09/2023. While expenses have increased by 47.6% 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
ALTERNATIVE LIVING CONCEPTS, INC. (ALC) IS ORGANIZED FOR CHARITABLE PURPOSES TO PROVIDE HANDICAPPED PERSONS WITH LOW-INCOME HOUSING FACILITIES AND ACCESS TO SERVICES WHICH ARE SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PHYSIOLOGICAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO LEASE SPACE FOR COMMUNITY SUPPORT PROGRAMS. ALC HAS SUCH LOCATIONS AT 200 CENTRAL STREET IN CENTRAL FALLS, RHODE ISLAND, AND 1443 HARTFORD AVENUE IN JOHNSTON, RHODE ISLAND.
TO PROVIDE LOW-INCOME HOUSING FACILITIES AND ACCESS TO SUPPORT SERVICES TO PEOPLE WITH DISABILITIES, PRIMARILY RELATING TO BEHAVIORAL HEALTH ISSUES. IN PAWTUCKET, RHODE ISLAND, ALC HAS 10 UNITS LOCATED AT 351 BENEFIT STREET, 10 UNITS LOCATED AT 353 BENEFIT STREET, AND 5 UNITS LOCATED AT 724-728 BEVERAGE HILL AVENUE, AS WELL AS 6 UNITS LOCATED AT 156 OBED AVENUE IN NORTH PROVIDENCE, RHODE ISLAND. THE COMBINED OCCUPANCY RATE WAS 81% FOR THESE UNITS DURING THE PERIOD COVERED IN THIS RETURN. THE AGGREGATE WAITING LIST FOR THESE UNITS CONSISTED OF 27 INDIVIDUALS AS OF SEPTEMBER 30, 2022. (CONTINUED ON SCHEDULE O).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy J Babineau Former Director | 0 | $0 | |
Todd A Conklin Former Director | 0 | $0 | |
Cathy E Duquette Fmr. Director | 0 | $0 | |
Paul J Adler Secretary | OfficerTrustee | 0.25 | $0 |
David A Kirshner Treas.- 11/22 | OfficerTrustee | 0.25 | $0 |
Nicholas P Dominick President | OfficerTrustee | 0.25 | $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 | $553,311 |
| 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 | $554,988 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $298,510 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,657 |
| Insurance | $9,100 |
| All other expenses | $4,278 |
| Total functional expenses | $700,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,700 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,222 |
| 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 | $1,166,238 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,077 |
| Total assets | $1,376,237 |
| Accounts payable and accrued expenses | $260,178 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $8,814 |
| 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 | $587,806 |
| Total liabilities | $856,798 |
| Net assets without donor restrictions | $519,439 |
| 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 | $1,376,237 |