Project Live Inc
- Assets
- $14.9m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 119
- Location
- Newark, NJ
- Founding
- 05/1982
- Data as of
- 06/2022
- EIN
- 22-2322102
Organization Overview
Project Live Inc is located in Newark, NJ. The organization was established in 1982. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, Project Live Inc employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Live 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, Project Live Inc generated $6.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $7.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. 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 PROVIDE HOUSING AND REHABILITATIVE SERVICES FOR MENTALLY ILL ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES RESIDENTIAL AND REHABILITATION SERVICES TO APPROXIMATELY 300 MENTALLY ILL ADULTS IN ESSEX COUNTY, NEW JERSEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nora Barrett Lcsw Member | Trustee | 1 | $0 |
Etta Rudolf Denk Vice President/treasurer | OfficerTrustee | 1 | $0 |
Nicholas Vasilopoulos PHD President | OfficerTrustee | 1 | $0 |
Zakia Clay Dsw Lcsw Cprp Member | Trustee | 0.5 | $0 |
Jose Santos Cre Secretary | OfficerTrustee | 0.5 | $0 |
Allen Lambly Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,979 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,979 |
| Total Program Service Revenue | $6,800,047 |
| Investment income | $22,899 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,221 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,881,939 |
| 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. | $610,824 |
| Compensation of current officers, directors, key employees. | $142,431 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,408,132 |
| Pension plan accruals and contributions | $123,806 |
| Other employee benefits | $705,809 |
| Payroll taxes | $381,389 |
| 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 | $128,334 |
| Advertising and promotion | $34,790 |
| Office expenses | $84,796 |
| Information technology | $30,361 |
| Royalties | $0 |
| Occupancy | $72,979 |
| Travel | $82,816 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,454 |
| Interest | $33,273 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $466,362 |
| Insurance | $118,131 |
| All other expenses | $220,517 |
| Total functional expenses | $7,017,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,482,757 |
| Pledges and grants receivable | $272,079 |
| Accounts receivable, net | $14,512 |
| 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 | $51,595 |
| Net Land, buildings, and equipment | $7,616,398 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $460,461 |
| Total assets | $14,897,802 |
| Accounts payable and accrued expenses | $383,592 |
| Grants payable | $0 |
| Deferred revenue | $12,062 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $11,006 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,093,478 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,833 |
| Total liabilities | $6,521,971 |
| Net assets without donor restrictions | $8,375,831 |
| 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 | $14,897,802 |