Lifespire Inc
- Assets
- $111.3m
- Revenue
- $104.1m
- Investments
- $0.0
- Employees
- 1,216
- Location
- New York, NY
- Founding
- 07/1961
- Data as of
- 06/2022
- EIN
- 13-2526022
Organization Overview
Lifespire Inc is located in New York, NY. The organization was established in 1961. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Lifespire Inc employed 1,216 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifespire 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 06/2022, Lifespire Inc generated $104.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $95.6m during the year ending 06/2022. 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
TO CHAMPION AND SUPPORT PEOPLE WHO HAVE INTELLECTUAL/DEVELOPMENTAL DISABILITIES TO REALIZE THEIR GOALS AND DREAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL SERVICES - PROVIDE A VARIETY OF OPTIONS, DEPENDENT UPON THE LEVEL OF ASSISTANCE NEEDED BY EACH INDIVIDUAL. EACH FACILITY ALLOWS THE HIGHEST DEGREE OF INDEPENDENCE. SOME OF THESE OPTIONS INCLUDE: 1. INTERMEDIATE CARE FACILITIES: OFFER COMPREHENSIVE PROFESSIONAL RESIDENTIAL SERVICES AND CARE FOR ADULTS WITH MULTIPLE DISABILITIES. 2. COMMUNITY RESIDENCE: PROVIDE STRUCTURED AND SUPERVISED COMMUNITY LIVING SERVICES. 3. INDIVIDUALIZED RESIDENTIAL ALTERNATIVES: INNOVATIVE RESIDENTIAL SERVICES INDIVIDUALLY DESIGNED FOR DEVELOPMENTALLY DISABLED ADULTS WHOSE NEEDS MAY NOT BE MET BY TRADITIONAL SERVICES.
WAIVER SERVICES - OFFERS CHOICES FOR INDIVIDUALIZED TREATMENT AND TRAINING TO PEOPLE WITH DEFICITS IN SELF CARE AND DOMESTIC AND INDEPENDENT LIVING SKILLS. SOME OF THESE SERVICES ARE: 1. COMMUNITY HABILITATION: AN IN-HOME TRAINER HELPS THE INDIVIDUAL IN THE PRIVACY OF HIS/HER OWN HOME AND COMMUNITY TO ACQUIRE AND IMPROVE SKILLS IN MANY AREAS. 2. DAY HABILITATION: DAY PROGRAMMING WHICH OFFERS TRAINING IN SELF-CARE, DOMESTIC, TRAVEL AND INDEPENDENT LIVING SKILLS. IT PROVIDES A UNIQUE OPPORTUNITY TO ACQUIRE SKILLS IN ACTUAL COMMUNITY SITES. 3. WAIVER RESPITE: WAIVER AFTER-SCHOOL RESPITE PROGRAMMING OFFERS RECREATION SERVICES TO STUDENTS, CHILDREN, AND ADULTS WITH DEVELOPMENT DISABILITIES; AGES 14-21 AND OVER. IT USES THE COMBINATION OF SPECIALTY INSTRUCTORS AND COMMUNITY-BASED RECREATION, ACCESS TOP RECREATIONAL ACTIVITIES IN THE COMMUNITY THROUGH THE USE OF TECHNOLOGY TO ENABLE THEM TO ENJOY LEISURE TIME PARALLEL TO THEIR NON-DISABLED PEERS.
ARTICLE 16 CLINIC-DESIGNED TO MEET THE SPECIFIC CLINICAL NEEDS OF DEVELOPMENTALLY DISABLED INDIVIDUALS AND TO HELP SUSTAIN THEM IN THEIR COMMUNITIES. THE CLINIC PROVIDES PERSONAL ASSESSMENT AND TREATMENT BY PROFESSIONAL, FULLY-ACCREDITED PRACTITIONERS. SOME OF THE SERVICES CURRENTLY PROVIDED INCLUDE: PSYCHOLOGICAL COUNSELING, REHABILITATION COUNSELING, OCCUPATIONAL THERAPY, NUTRITION, SEXUALITY COUNSELING, MEDICAL EXAMINATIONS AND PSYCHIATRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Lydon President / CEO | Officer | 35 | $327,132 |
Emilio Bonilla Chief Financial Officer | Officer | 35 | $194,511 |
Leonard Powell Medical Director | 35 | $181,104 | |
David Henry Chief Operating Officer | Officer | 35 | $167,691 |
James Normandy VP For Day & Community Service | 35 | $150,364 | |
Rita Seychell Rehab Coord | 35 | $148,803 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bells Staffing Services Temp Staffing | 6/29/22 | $1,488,716 |
United Staffing Solutions Inc Temp Staffing | 6/29/22 | $1,474,991 |
Global Communication Services Temp Staffing | 6/29/22 | $473,122 |
Pearlcare Search Group Temp Staffing | 6/29/22 | $635,482 |
Sheppard Mullin Richter Hampton L Legal Services | 6/29/22 | $343,246 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,032,782 |
| 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 | $11,032,782 |
| Total Program Service Revenue | $87,975,506 |
| Investment income | $43,826 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,522,808 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $104,118,369 |
| 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. | $784,183 |
| Compensation of current officers, directors, key employees. | $784,183 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,379,663 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,524,607 |
| Payroll taxes | $5,111,897 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $687,931 |
| Fees for services: Accounting | $179,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,273,031 |
| Advertising and promotion | $4,453 |
| Office expenses | $2,227,473 |
| Information technology | $1,893,460 |
| Royalties | $0 |
| Occupancy | $9,749,632 |
| Travel | $8,599,441 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,471 |
| Interest | $391,439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,079,898 |
| Insurance | $1,859,620 |
| All other expenses | $1,323,303 |
| Total functional expenses | $95,608,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,029,651 |
| Savings and temporary cash investments | $8,760,937 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,567,607 |
| 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 | $721,026 |
| Net Land, buildings, and equipment | $16,217,506 |
| Investments—publicly traded securities | $450,139 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,561,669 |
| Total assets | $111,308,535 |
| Accounts payable and accrued expenses | $11,472,282 |
| Grants payable | $0 |
| Deferred revenue | $6,742,712 |
| Tax-exempt bond liabilities | $9,560,000 |
| 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 | $38,254,740 |
| Total liabilities | $66,029,734 |
| Net assets without donor restrictions | $45,220,221 |
| Net assets with donor restrictions | $58,580 |
| 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 | $111,308,535 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lifespire Inc has recieved totaling $24.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seven Hills Foundation Inc Worcester, MA | $262,906,029 | $302,869,581 |
Nysarc Inc New York, NY | $227,101,608 | $268,649,263 |
Elwyn Of Pennsylvania And Delaware Elwyn, PA | $171,311,391 | $221,973,982 |
Northeast Arc Inc Danvers, MA | $41,713,065 | $230,351,912 |
Young Adult Institute Inc New York, NY | $134,359,406 | $203,492,448 |
People Inc Williamsville, NY | $67,799,196 | $165,694,719 |
Ken-Crest Services Blue Bell, PA | $50,936,114 | $130,193,292 |
Woods Services Inc Langhorne, PA | $90,653,403 | $134,599,631 |
Icircle Services Of The Finger Lakes Inc Webster, NY | $40,072,798 | $159,291,064 |
Nysarc Inc Brookville, NY | $162,532,221 | $126,795,772 |
New England Center For Children Inc Southborough, MA | $72,482,909 | $120,831,063 |
Developmental Disabilities Institute Inc Smithtown, NY | $94,736,827 | $119,037,675 |