Life Opportunities Unlimited A Non-Profit Corporation
- Assets
- $8.0m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 38
- Location
- Ridgewood, NJ
- Founding
- 12/1995
- Data as of
- 06/2022
- EIN
- 52-1935605
Organization Overview
Life Opportunities Unlimited A Non-Profit Corporation is located in Ridgewood, NJ. The organization was established in 1995. 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 06/2022, Life Opportunities Unlimited A Non-Profit Corporation employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Opportunities Unlimited A Non-Profit Corporation 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, Life Opportunities Unlimited A Non-Profit Corporation generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 4.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION OPERATES FOUR GROUP HOMES AND A DAY PROGRAM. THE PRIMERY SOURCE OF FUNDING IS STATE OF NEW JERSEY-DIVISION OF DEVELOPMENTAL DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION OPERATES SIX GROUP HOMES AND A DAY PROGRAM. THE PRIMERY SOURCE OF FUNDING IS STATE OF NEW JERSEY-DIVISION OF DEVELOPMENTAL DISABILITIES
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 |
|---|---|---|---|
Lioyd Astmann Vice-President/acting Treasurer | OfficerTrustee | 1 | $0 |
Neil Forte Jr Board Member | Trustee | 1 | $0 |
Dr John Mandeli Board Member | Trustee | 1 | $0 |
Gail Tamirian- Mandeli President/executive Dir. | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $420,682 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,833,510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,254,192 |
| Total Program Service Revenue | $169,125 |
| Investment income | $6,929 |
| 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 | $4,441,539 |
| 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. | $157,430 |
| Compensation of current officers, directors, key employees. | $157,430 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,087,568 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $120,109 |
| Payroll taxes | $139,275 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,309 |
| Fees for services: Accounting | $38,653 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $409,073 |
| Advertising and promotion | $200 |
| Office expenses | $147,777 |
| Information technology | $31,946 |
| Royalties | $0 |
| Occupancy | $446,130 |
| Travel | $6,840 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,065 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | -$73,740 |
| Total functional expenses | $2,560,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,896,701 |
| Savings and temporary cash investments | $3,773,543 |
| Pledges and grants receivable | $412,431 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $894,386 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $34,500 |
| Intangible assets | $0 |
| Other assets | $20,557 |
| Total assets | $8,032,118 |
| Accounts payable and accrued expenses | $151,597 |
| 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 | $44,571 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $196,168 |
| Net assets without donor restrictions | $6,715,209 |
| Net assets with donor restrictions | $1,120,741 |
| 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 | $8,032,118 |