New Concepts For Living Inc
- Assets
- $52.3m
- Revenue
- $26.5m
- Investments
- $0.0
- Employees
- 413
- Location
- Paramus, NJ
- Founding
- 05/1984
- Data as of
- 12/2023
- EIN
- 22-2447934
Organization Overview
New Concepts For Living Inc is located in Paramus, NJ. The organization was established in 1984. 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 12/2023, New Concepts For Living Inc employed 413 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Concepts For Living 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 12/2023, New Concepts For Living Inc generated $26.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $20.8m during the year ending 12/2023. While expenses have increased by 15.8% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEW CONCEPTS ENABLES PEOPLE TO REALIZE THEIR DREAMS AND TO ACHIEVE THEIR INDIVIDUAL POTENTIAL THROUGH QUALITY COMMUNITY PROGRAMS AND SERVICES.
Describe the Organization's Program Activity:
HOUSING - NEW CONCEPTS PROVIDES A WONDERFUL ENVIRONMENT FOR HOUSING WHICH INCLUDES GROUP HOMES, SUPERVISED APARTMENTS AND SUPPORTIVE LIVING.(SEE SCHEDULE O ATTACHMENT FOR DETAIL)
ADULT ACHIEVEMENT CENTER - INCLUDES A DAY PROGRAM AND VOCATIONAL TRAINING. (SEE SCHEDULE O ATTACHMENT FOR DETAIL)
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 |
|---|---|---|---|
Steve Setteducati Chief Executive Officer | OfficerTrustee | 70 | $409,502 |
Gus Loukas Chief Financial Officer | Officer | 55 | $238,246 |
Daniel Mihalinec Director Of Facilities | 45 | $184,231 | |
Debra Tonyes Director Of Residential Servic | 45 | $154,713 | |
Marsha Warren Licensed Practical Nurse | 45 | $156,168 | |
Athanasio Rizas Director Of It | 45 | $155,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Haas Construction Management Construction | 12/30/23 | $3,095,474 |
Northern Valley Developers Mgt Ll Construction | 12/30/23 | $2,053,147 |
Posen Architects Llc Architecture Service | 12/30/23 | $449,701 |
Watch Us Grow Landscape Design Llc Landscaping | 12/30/23 | $413,038 |
360 Fire Prevention Llc Fire Supression | 12/30/23 | $137,878 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $104,694 |
| Related organizations | $0 |
| Government grants | $31,731 |
| All other contributions, gifts, grants, and similar amounts not included above | $308,022 |
| Noncash contributions included in lines 1a–1f | $12,377 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $444,447 |
| Total Program Service Revenue | $25,569,739 |
| Investment income | $135,701 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$66,355 |
| Net Gain/Loss on Asset Sales | $350,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,483,784 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $43,401 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $656,205 |
| Compensation of current officers, directors, key employees. | $656,205 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,831,835 |
| Pension plan accruals and contributions | $2,705 |
| Other employee benefits | $832,538 |
| Payroll taxes | $1,323,402 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $114,914 |
| Fees for services: Accounting | $47,910 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,733 |
| Advertising and promotion | $112,044 |
| Office expenses | $299,277 |
| Information technology | $253,652 |
| Royalties | $0 |
| Occupancy | $878,695 |
| Travel | $260,298 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,720 |
| Interest | $476,917 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $854,974 |
| Insurance | $258,168 |
| All other expenses | $437,583 |
| Total functional expenses | $20,832,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $409,593 |
| Savings and temporary cash investments | $7,854,005 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,271,488 |
| 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 | $20,936 |
| Net Land, buildings, and equipment | $42,578,450 |
| Investments—publicly traded securities | $127,632 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,989 |
| Total assets | $52,308,093 |
| Accounts payable and accrued expenses | $4,402,425 |
| Grants payable | $69,259 |
| 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 | $17,479,388 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,087 |
| Total liabilities | $21,964,159 |
| Net assets without donor restrictions | $28,497,198 |
| Net assets with donor restrictions | $1,846,736 |
| 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 | $52,308,093 |