Nysarc Inc Montgomery County Chapter
- Assets
- $36.5m
- Revenue
- $51.9m
- Investments
- $10.2m
- Employees
- 959
- Location
- Amsterdam, NY
- Founding
- 05/1954
- Data as of
- 12/2023
- EIN
- 14-1506257
Organization Overview
Nysarc Inc Montgomery County Chapter, operating under the name Liberty Enterprises, is located in Amsterdam, NY. The organization was established in 1954. 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 12/2023, Liberty Enterprises employed 959 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Liberty Enterprises 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 12/2023, Liberty Enterprises generated $51.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $51.5m during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 8 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
TOGETHER WE SUPPORT PEOPLE WITH DISABILITIES TO ACHIEVE A QUALITY OF LIFE EACH PERSON VALUES
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL SERVICES PROVIDES CARING, SMALL HOUSE SETTINGS WITH CONTINUOUS SUPERVISION FOR PERSONS WITH DEVELOPMENTAL DISABILITIES. WE MANAGE 50 RESIDENTIAL HOMES AND SUPPORTED APARTMENTS IN A VARIETY OF RURAL, SUBURBAN, AND URBAN COMMUNITIES. FROM BARRIER-FREE HOMES FOR THOSE WITH HIGH MEDICAL NEEDS TO SEMI-INDEPENDENT APARTMENTS, LIBERTY'S HOMES ARE BUILT AROUND THE PERSONALITIES OF THEIR RESIDENTS TO HELP THEM OVERCOME OBSTACLES AND ACHIEVE THEIR BEST LIFE. OUR HOMES ARE EXCEPTIONALLY MAINTAINED AND RANGE IN OCCUPANCY FROM 1 TO 11 RESIDENTS.
OTHER PROGRAMS
DAY SERVICES WE PROVIDE PROGRAMS TO HELP PEOPLE WITH DISABILITIES ACHIEVE A QUALITY OF LIFE EACH PERSON VALUES. FROM SITE-BASED TO WITHOUT-WALLS PROGRAMS, SUPERVISED DAY SERVICES ARE DESIGNED TO ENHANCE LIFE SKILLS, CONNECT THE INDIVIDUALS WE SERVE WITH THE COMMUNITY, PROVIDE FUN AND CREATIVE OPPORTUNITIES, AND OFFER VOCATIONAL SUPPORT. TECHNOLOGY IS USED TO CREATE INDIVIDUALIZED PROGRAMS FOR JOB SKILLS AND COPING SKILLS. PARTICIPANTS HAVE CHOICE AND INPUT INTO WHICH ACTIVITIES THEY ATTEND, HELPING FOCUS ON THEIR PERSONAL GROWTH AND INTERESTS AND CONTRIBUTING TO THEIR BEST LIFE. DAY PROGRAM OPTIONS INCLUDE ACADEMICS, COOKING, COMPUTER SKILLS, VOLUNTEERING, GARDENING, HEALTHY LIVING, AND "LIBERTY THROUGH THE ARTS."
FAMILY SUPPORT SERVICES PROVIDES A VARIETY OF HIGH-QUALITY SUPPORT PROGRAMS TO BEST EQUIP FAMILIES CARING FOR INDIVIDUALS WITH DISABILITIES. CAREGIVERS ARE ENGAGED IN ALL OF THE OPTIONS AVAILABLE AND WORK WITH OUR STAFF ON CHOOSING ACTIVITIES THAT BEST SUPPORT THE FAMILY AND THE INDIVIDUAL RECEIVING SERVICES. OUR MOST POPULAR OFFERINGS ARE RESPITE CARE, WHICH INCLUDES RECREATION PROGRAMS (BOWLING, SWIMMING, ARTS AND CRAFTS, SPECIAL OLYMPICS), AFTER-SCHOOL PROGRAMS FOR AGES 5-21, SCHOOL RECESS PROGRAMS FOR STRUCTURED ACTIVITIES DURING SCHOOL VACATIONS, AND SUMMER CAMPS; COMMUNITY HABILITATION; AND MEDICAL TRANSPORTATION. WE PROVIDE FAMILIES WITH A CARING COMMUNITY, INFORMATION AND REFERRALS, CONNECTION WITH SUPPORT GROUPS, ADVOCACY, AND BI-LINGUAL STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Canestraro Director | Trustee | 1 | $0 |
Brett Harris Director | OfficerTrustee | 1 | $0 |
Michael Bucciferro Treasurer | OfficerTrustee | 1 | $0 |
Carl J Pucci Secretary | OfficerTrustee | 1 | $0 |
Ken Adamowski Director | Trustee | 1 | $0 |
David Fariello Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
James A Edgar Company Inc Construction | 12/30/23 | $931,133 |
The Bonadio Group Accounting And Audit Services | 12/30/23 | $119,764 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $95,775 |
| Government grants | $1,115,725 |
| All other contributions, gifts, grants, and similar amounts not included above | $66,413 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,277,913 |
| Total Program Service Revenue | $46,476,933 |
| Investment income | $328,811 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $274,019 |
| Net Gain/Loss on Asset Sales | $504,019 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,877,068 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,896,842 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,960 |
| 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. | $337,599 |
| Compensation of current officers, directors, key employees. | $337,599 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,042,293 |
| Pension plan accruals and contributions | $2,407,849 |
| Other employee benefits | $5,302,846 |
| Payroll taxes | $2,541,592 |
| Fees for services: Management | $0 |
| 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 | $361,922 |
| Advertising and promotion | $36,948 |
| Office expenses | $438,645 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,394,159 |
| Travel | $712,132 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,619 |
| Interest | $191,632 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,874,388 |
| Insurance | $505,986 |
| All other expenses | $52,891 |
| Total functional expenses | $51,539,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,127,979 |
| Savings and temporary cash investments | $23,735 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,342,719 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $922,512 |
| Prepaid expenses and deferred charges | $251,509 |
| Net Land, buildings, and equipment | $11,251,936 |
| Investments—publicly traded securities | $3,724,136 |
| Investments—other securities | $10,208,946 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,695,230 |
| Total assets | $36,548,702 |
| Accounts payable and accrued expenses | $5,748,433 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $949,791 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,938,360 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,722,204 |
| Total liabilities | $11,358,788 |
| Net assets without donor restrictions | $25,189,914 |
| 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 | $36,548,702 |