Mountain Lake Childrens Residence Inc is located in Lake Placid, NY. The organization was established in 1999. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 06/2021, Mountain Lake Childrens Residence Inc employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountain Lake Childrens Residence 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 06/2021, Mountain Lake Childrens Residence Inc generated $7.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $7.4m during the year ending 06/2021. While expenses have increased by 3.6% per year over the past 6 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
THE ORGANIZATION IS A TWELVE-MONTH RESIDENTIAL PROGRAM DEVOTED TO THE CARE AND TREATMENT OF HANDICAPPED CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOUNTAIN LAKE CHILDREN'S RESIDENCE, INC. IS A 12 MONTH RESIDENCE DEVOTED TO THE CARE AND MAINTENANCE OF CHILDREN WITH DISABILITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Carol Prevost President | Officer | 40 | $142,359 |
Chris Mariano Chief Executive Officer | Officer | 40 | $110,402 |
Susan Rose-Hockert Chief Financial Officer/tr | Officer | 40 | $85,304 |
Karen Dunmire Vice Chairperson | OfficerTrustee | 1 | $0 |
Ernest H Stretton Chairperson | OfficerTrustee | 1 | $0 |
Richard Kelly ESQ Secretary | Officer | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,012,620 |
All other contributions, gifts, grants, and similar amounts not included above | $90,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,102,620 |
Total Program Service Revenue | $6,027,864 |
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 | $7,132,040 |
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 | $4,887,851 |
Pension plan accruals and contributions | $82,974 |
Other employee benefits | $529,054 |
Payroll taxes | $359,748 |
Fees for services: Management | $0 |
Fees for services: Legal | $25,718 |
Fees for services: Accounting | $27,970 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $185,725 |
Advertising and promotion | $30,321 |
Office expenses | $75,751 |
Information technology | $31,740 |
Royalties | $0 |
Occupancy | $63,347 |
Travel | $16,194 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $12,844 |
Interest | $78,837 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $172,936 |
Insurance | $120,838 |
All other expenses | $7,698 |
Total functional expenses | $7,389,852 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,857,053 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $100,703 |
Accounts receivable, net | $761,564 |
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 | $31,712 |
Net Land, buildings, and equipment | $2,899,076 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $5,650,108 |
Accounts payable and accrued expenses | $734,173 |
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 | $2,369,747 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $3,103,920 |
Net assets without donor restrictions | $2,546,188 |
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 | $5,650,108 |
Over the last fiscal year, we have identified 1 grants that Mountain Lake Childrens Residence Inc has recieved totaling $90,000.
Awarding Organization | Amount |
---|---|
Rommel Wilson Memorial Fund Inc Setauket, NY PURPOSE: GIFT | $90,000 |
Organization Name | Assets | Revenue |
---|---|---|
Bair Foundation Of Pennsylvania New Wilmington, PA | $4,400,305 | $17,358,075 |
Bair Foundation Of Texas New Wilmington, PA | $1,144,889 | $8,905,447 |
Tabor Childrens Services Inc Philadelphia, PA | $5,265,944 | $8,132,394 |
Alliance Human Services Inc Southborough, MA | $2,629,304 | $7,759,450 |
Mountain Lake Childrens Residence Inc Lake Placid, NY | $5,650,108 | $7,132,040 |
Childrens Choice Of Maryland Inc Bellmawr, NJ | $2,034,719 | $6,054,965 |
Childrens Choice Inc Chester, PA | $1,421,593 | $5,676,837 |
Family Care For Children&youth Inc Milton, PA | $3,265,351 | $3,892,797 |
Family Care Services Inc Chambersburg, PA | $2,460,289 | $4,002,413 |
Lifespan Family Services Of Pa Punxsutawney, PA | $2,704,317 | $3,600,093 |
Committee For The Rescue Of Israels Babies Brooklyn, NY | $2,967,853 | $2,897,499 |
Professional Family Care Services Inc Johnstown, PA | $2,472,772 | $3,386,491 |