Living Resources Corp
- Assets
- $27.6m
- Revenue
- $48.0m
- Investments
- $0.0
- Employees
- 1,068
- Location
- Albany, NY
- Founding
- 04/1975
- Data as of
- 12/2021
- EIN
- 14-1564208
Organization Overview
Living Resources Corp is located in Albany, NY. The organization was established in 1975. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 12/2021, Living Resources Corp employed 1,068 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Living Resources Corp 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 12/2021, Living Resources Corp generated $48.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $46.4m during the year ending 12/2021. While expenses have increased by 3.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SERVE DEVELOPMENTALLY DISABLED
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL PROGRAMS-SUPERVISED AND SUPPORTED RESIDENTIAL PROGRAMS FOR THE DEVELOPMENTALLY DISABLED.
NON-RESIDENTIAL PROGRAMS-PROGRAMS INCLUDE SUPPORTED EMPLOYMENT, FAMILY SUPPORT SERVICES, CASE MANAGEMENT, SIGN LANGUAGE INTERPRETATION, DAY HABILITATION AND OTHER SIMILAR PROGRAMS SUPPORTING INDIVIDUALS WITH DISABILITIES OR OTHER LIFE CHALLENGES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Martin CEO | Trustee | 40 | $213,894 |
Joseph Morelli Assoc Ex Dir | 40 | $126,226 | |
Jennifer Richard Assoc Ex Dir | 40 | $124,550 | |
Clare Graham CFO | Officer | 35 | $118,660 |
Kevin Tully President | OfficerTrustee | 1 | $0 |
Patrick Curran Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
John Convertino Consultant | 12/30/17 | $222,032 |
Town And Country Cleaning Cleaning Servic | 12/30/17 | $104,044 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $214,395 |
| Government grants | $5,734,085 |
| All other contributions, gifts, grants, and similar amounts not included above | $599,758 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,548,238 |
| Total Program Service Revenue | $41,260,612 |
| Investment income | $77,266 |
| 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 | $48,007,513 |
| 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. | $332,554 |
| Compensation of current officers, directors, key employees. | $332,554 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,118,271 |
| Pension plan accruals and contributions | $568,000 |
| Other employee benefits | $4,788,535 |
| Payroll taxes | $2,505,744 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,170,977 |
| Travel | $792,423 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $619,856 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,222,914 |
| Insurance | $640,030 |
| All other expenses | $748,754 |
| Total functional expenses | $46,423,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,752,709 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,188,839 |
| 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 | $192,749 |
| Net Land, buildings, and equipment | $12,816,773 |
| Investments—publicly traded securities | $1,434,626 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,248 |
| Other assets | $204,916 |
| Total assets | $27,600,860 |
| Accounts payable and accrued expenses | $4,799,105 |
| Grants payable | $0 |
| Deferred revenue | $1,106,488 |
| Tax-exempt bond liabilities | $5,590,000 |
| Escrow or custodial account liability | $1,073,446 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,146,992 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,890,136 |
| Total liabilities | $18,606,167 |
| Net assets without donor restrictions | $8,994,693 |
| 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 | $27,600,860 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Living Resources Corp has recieved totaling $15,923.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For The Greater Capital Region Inc Albany, NY PURPOSE: FOR UNRESTRICTED USE AND A SAFE GREENSPACE | $7,890 |
Mortimer And Barbara Klaus Familyfoundation Sharon, CT PURPOSE: GENERAL FUND | $5,000 |
Massry Charitable Foundation Inc Albany, NY PURPOSE: GENERAL | $1,000 |
Kiwi Foundation Averill Park, NY PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
Lounsbury Family Foundation Schenectady, NY PURPOSE: OPERATIONS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $33 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Village Inc Dobbs Ferry, NY | $78,068,728 | $120,126,101 |
Cayuga Home For Children Auburn, NY | $52,903,582 | $119,015,100 |
Brockton Area Multi-Services Inc Brockton, MA | $53,527,033 | $98,602,137 |
Independent Group Home Living Program Inc manorville, NY | $86,478,520 | $78,871,944 |
Springbrook Ny Inc Oneonta, NY | $70,518,641 | $82,992,594 |
Allied Health Care Services Clarks Summit, PA | $64,082,428 | $72,290,835 |
Aim Services Inc Saratoga Springs, NY | $21,912,420 | $65,638,335 |
Legacy Treatment Services Inc Hainesport, NJ | $58,670,523 | $58,315,039 |
Berkshire Farm Center And Services For Youth Canaan, NY | $71,666,899 | $71,278,594 |
Cds Monarch Inc Webster, NY | $48,021,600 | $52,074,503 |
Abbott House Irvington, NY | $21,964,456 | $48,325,456 |
Living Resources Corp Albany, NY | $27,600,860 | $48,007,513 |