Life Adjustment Center Inc
- Assets
- $6.3m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 188
- Location
- New York, NY
- Founding
- 03/1991
- Data as of
- 06/2022
- EIN
- 13-3620577
Organization Overview
Life Adjustment Center Inc is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Life Adjustment Center Inc employed 188 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Adjustment Center 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, Life Adjustment Center Inc generated $11.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $11.2m during the year ending 06/2022. While expenses have increased by 2.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LAC PROVIDES RESIDENTIAL AND SUPPORT SERVICES TO DEVELOPMENTALLY DISABLED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL CARE - PROVIDER OF RESIDENTIAL CLINICAL SUPPORT AND SERVICES TO THE DEVELOPMENTALLY DISABLED INDIVIDUALS.
EARLY CHILHOOD SERVICES
DAY HABILITATION - PROVIDES ASSISTANCE WITH ACQUIRING, RETAINING ANDIMPROVING SELF HELP SOCIALIZATION & ADAPTIVE SKILLS IN A SETTING OTHERTHAN A PERSON'S RESIDENCE.
COMMUNITY HABILITATION AND GROUP COMMUNITY HABILITATION/RESIDENTIAL - PROVIDES ASSISTANCE WITH ACQUIRING, RETAINING AND IMPROVING SKILLS IN THE ACTIVITIES OF DAILY LIVING AT A RESIDENCE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Mckay Board President (9/2022 Director) | OfficerTrustee | 1 | $0 |
Eric Foodim Board Treasurer | OfficerTrustee | 1 | $0 |
Patrick Finn Board Director | Trustee | 1 | $0 |
Nydia Mendez Board Secretary | OfficerTrustee | 1 | $0 |
Alex Coroneos (9/2022) Executive Director | OfficerTrustee | 40 | $30,069 |
Yuri C Feynberg Exec Director (9/2022 President) | Trustee | 40 | $325,347 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,416,372 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,417,372 |
| Total Program Service Revenue | $10,330,915 |
| Investment income | $524 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,348 |
| Net Gain/Loss on Asset Sales | $12,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,776,959 |
| 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 | $630,695 |
| Other salaries and wages | $6,249,599 |
| Pension plan accruals and contributions | $132,822 |
| Other employee benefits | $570,552 |
| Payroll taxes | $530,308 |
| Fees for services: Management | $77,804 |
| Fees for services: Legal | $11,094 |
| Fees for services: Accounting | $57,200 |
| 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 | $1,668,870 |
| Travel | $9,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $602 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $166,958 |
| Insurance | $83,225 |
| All other expenses | $129,235 |
| Total functional expenses | $11,202,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,185,116 |
| Savings and temporary cash investments | $208,540 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,239,073 |
| 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 | $50,616 |
| Net Land, buildings, and equipment | $1,500,036 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $157,987 |
| Total assets | $6,341,368 |
| Accounts payable and accrued expenses | $749,307 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,228,354 |
| Total liabilities | $2,977,661 |
| Net assets without donor restrictions | $3,363,707 |
| 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 | $6,341,368 |