Spectrum For Living Development Inc
- Assets
- $21.2m
- Revenue
- $43.9m
- Investments
- $0.0
- Employees
- 755
- Location
- River Vale, NJ
- Founding
- 04/1987
- Data as of
- 12/2023
- EIN
- 22-2706159
Organization Overview
Spectrum For Living Development Inc is located in River Vale, NJ. The organization was established in 1987. According to its NTEE Classification (P02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Human Services and related organizations. As of 12/2023, Spectrum For Living Development Inc employed 755 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spectrum For Living Development 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, Spectrum For Living Development Inc generated $43.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.7% each year . All expenses for the organization totaled $44.4m during the year ending 12/2023. While expenses have increased by 42.9% 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.
Since 2017, Spectrum For Living Development Inc has awarded 22 individual grants totaling $968,068. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENABLE INDIVIDUALS WHO HAVE DEVELOPMENTAL AND/OR PHYSICAL DISABILITIES TO HAVE THE OPPORTUNITY TO ATTAIN THEIR HIGHEST LEVEL OF SKILLS, PURPOSE AND INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL CARE/CASE MANAGEMENT - PROVIDE HOUSING FACILITIES AND SERVICES FOR 341 DEVELOPMENTALLY DISABLED ADULTS SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SPECIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.
CASE MANAGEMENT AND FAMILY SUPPORT SERVICES PROVIDED TO THOSE IN NEED.
ADULT TRAINING/DAY CARE - PROVIDE OVER 300 DEVELOPMENTALLY DISABLED PERSONS WITH TRAINING AND VOCATIONAL SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.
RESPITE AND RECREATION SERVICES - PROVIDE FAMILY AND COMMUNITY RESPITE AND RECREATIONAL SERVICES TO DEVELOPMENTALLY DISABLED ADULTS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Todd Chairperson | OfficerTrustee | 0.2 | $0 |
Donna Cannillo Vice Chairperson | OfficerTrustee | 0.2 | $0 |
Vincent O'brien Treasurer | OfficerTrustee | 0.2 | $0 |
Roseanne Psomas Secretary | OfficerTrustee | 0.2 | $0 |
Paul Blaustein Trustee | Trustee | 0.2 | $0 |
Michael Carpenter Trustee | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Janik Jani King Of New Jersey Inc Janitorial Services | 12/30/23 | $349,752 |
Synetek Solutions Information Technology | 12/30/23 | $201,325 |
M&m Medical Sales Medical Supplies | 12/30/23 | $322,382 |
Inserra Supermarket Inc Groceries | 12/30/23 | $480,717 |
Grace Lutheran Church Real Estate | 12/30/23 | $151,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $208,234 |
| Related organizations | $0 |
| Government grants | $713,889 |
| All other contributions, gifts, grants, and similar amounts not included above | $743,040 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,665,163 |
| Total Program Service Revenue | $42,091,083 |
| Investment income | $50,605 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,304 |
| Net Income from Fundraising Events | $9,893 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,867,015 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $63,928 |
| Grants and other assistance to domestic individuals. | $40,019 |
| 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 | $828,222 |
| Other salaries and wages | $28,059,771 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,931,927 |
| Payroll taxes | $2,136,539 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $132,724 |
| Fees for services: Accounting | $57,101 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,528,195 |
| Advertising and promotion | $88,646 |
| Office expenses | $995,734 |
| Information technology | $144,539 |
| Royalties | $0 |
| Occupancy | $898,475 |
| Travel | $652,648 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $112,368 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $837,350 |
| Insurance | $290,641 |
| All other expenses | $0 |
| Total functional expenses | $44,419,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $381,569 |
| Savings and temporary cash investments | $6,234,892 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,253,715 |
| 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 | $535,594 |
| Net Land, buildings, and equipment | $9,332,392 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,488,978 |
| Total assets | $21,227,140 |
| Accounts payable and accrued expenses | $3,275,551 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,609,939 |
| Escrow or custodial account liability | $41,305 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $932,040 |
| Total liabilities | $7,858,835 |
| Net assets without donor restrictions | $12,103,092 |
| Net assets with donor restrictions | $1,265,213 |
| 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 | $21,227,140 |
Grants Awarded
Over the last fiscal year, Spectrum For Living Development Inc has awarded $58,970 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SPECTRUM PARAMUS HOME INC PURPOSE: FINANCIAL SUPPORT | $18,990 |
SPECTRUM CLOSTER APARTMENTS INC PURPOSE: FINANCIAL SUPPORT | $39,980 |