Lifestream Inc
- Assets
- $21.4m
- Revenue
- $38.9m
- Investments
- $0.0
- Employees
- 760
- Location
- New Bedford, MA
- Founding
- 06/2001
- Data as of
- 06/2022
- EIN
- 04-2743314
Organization Overview
Lifestream Inc is located in New Bedford, MA. The organization was established in 2001. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. As of 06/2022, Lifestream Inc employed 760 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifestream 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, Lifestream Inc generated $38.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $32.8m during the year ending 06/2022. While expenses have increased by 4.5% 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
LIFESTREAM, INC. (THE ORGANIZATION) IS A NOT-FOR-PROFIT WHOSE MISSION IS TO PROVIDE COMMUNITY-BASED SERVICES THAT SUPPORT INDIVIDUALS IN ATTAINING GREATER INDEPENDENCE, PROMISING OPPORTUNITIES, AND LIVES THAT ARE MEANINGFUL AND FULFILLING ON THEIR OWN TERMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL - THE ORGANIZATION'S RESIDENTIAL SERVICES OPERATE OVER 30 GROUP RESIDENCES THROUGHOUT SOUTHEASTERN MASSACHUSETTS. PEOPLE RECEIVE THE SUPPORT AND ATTENTION REQUIRED TO LEAD AN INDEPENDENT, WELL ADJUSTED, AND FULL LIFE, AND THEY ACTIVELY PARTICIPATE IN ALL AREAS OF THEIR DAILY LIVES.
INDIVIDUAL AND FAMILY SUPPORTS - THE ORGANIZATION'S INDIVIDUAL AND FAMILY SUPPORTS SERVICES OFFER PERSONALIZED,COMPREHENSIVE CARE TO ADULTS WITH DISABILITIES AND STRIVES TO IMPROVE THEIR QUALITY OF LIFE AT HOME (EITHER LIVING ON THEIR OWN OR WITH FAMILY MEMBERS), AND IN THE COMMUNITY.
DAY SERVICES - THE ORGANIZATION'S DAY SERVICES OFFER INDIVIDUALIZED MEDICAL, THERAPEUTIC, AND DEVELOPMENTAL SERVICES TO MEET THE NEEDS OF THOSE REQUIRING ENHANCED ASSISTANCE AND SUPPORT WHILE ALSO FOSTERING PERSONAL INDEPENDENCE.SUPPORTED EMPLOYMENT - PROVIDES JOB TRAINING AND PLACEMENT SERVICES FOR INDIVIDUALS WITH DISABILITIES.
OCCUPATIONAL EDUCATION - THE ORGANIZATION'S OCCUPATIONAL EDUCATION SERVICES HAS A 25-YEAR TRADITION OF SUCCESSFULLY ASSISTING ECONOMICALLY DISADVANTAGED PEOPLE TO FIND AND MAINTAIN CAREER EMPLOYMENT. THE ORGANIZATION'S PHILOSOPHY IS GROUNDED IN BUILDING STRONG EMPLOYER AND EMPLOYEE RELATIONSHIPS THROUGH CONTINUOUS COMMUNICATIONS, TRAINING, AND COMMUNITY INVOLVEMENT. EDUCATION OPPORTUNITIES SUCH AS NURSING AIDE/HOME HEALTH AIDE, MEDICATION ADMINISTRATION, CPR/FIRST AID ARE AVAILABLE FOR DTA (DEPARTMENT OF TRANSITIONAL ASSISTANCE) PARTICIPANTS AND AVAILABLE TO THE GENERAL PUBLIC.AUTISM SERVICES - AUTISM SERVICES OFFERS SEVERAL SUPPORT SERVICES FOR CHILDREN AND ADULTS WITH AUTISM. THE DESE (DEPARTMENT OF ELEMENTARY AND SECONDARY EDUCATION) PROGRAM IS AVAILABLE FOR CHILDREN 9 TO 22 YEARS OLD. THE PRIMARY GOAL IS TO ASSIST THE CHILD TO BE SUCCESSFUL AT HOME, SCHOOL AND IN THE COMMUNITY.ASSISTIVE TECHNOLOGY SERVICES - ASSISTIVE TECHNOLOGY SERVICES WILL ADDRESS FIVE MAIN OBJECTIVES INCLUDING AWARENESS, ACCESSIBILITY, ASSESSMENT, TRAINING AND TARGETED IMPLEMENTATION OF TECHNOLOGY SOLUTIONS. ITS PRIMARY GOAL IS TO INCREASE SELF-SUFFICIENCY, TECHNOLOGICAL EQUITY AND ENHANCED ABILITY FOR PEOPLE WITH DISABILITIES TO PARTICIPATE IN ALL ASPECTS OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Mello President & CEO | Officer | 40 | $181,450 |
Eric Silberzweig CFO | Officer | 40 | $146,265 |
Lori Kydd VP Operations | 40 | $115,067 | |
Douglas Hughes VP Clinical | 40 | $114,727 | |
Helen Tuttle VP Administration And Finance | 40 | $106,258 | |
Michelle Hantman Neves Vice Chair | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Micro Technology Solutions Inc It Support | 6/29/22 | $173,964 |
Mare Landscaping & Snowplowing Landscaping/snow Removal | 6/29/22 | $105,135 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,166,683 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,130 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,172,813 |
| Total Program Service Revenue | $32,745,135 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,290 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,919,251 |
| 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. | $313,437 |
| Compensation of current officers, directors, key employees. | $313,437 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,022,853 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,414,219 |
| Payroll taxes | $1,911,532 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,488 |
| Fees for services: Accounting | $59,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $524,478 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,585,575 |
| Travel | $493,126 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $187,234 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $486,317 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $32,776,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $540,697 |
| Savings and temporary cash investments | $6,263,663 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,089,354 |
| 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 | $363,292 |
| Net Land, buildings, and equipment | $8,631,385 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,481,239 |
| Total assets | $21,369,630 |
| Accounts payable and accrued expenses | $3,311,907 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,245,375 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $804,188 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,361,470 |
| Net assets without donor restrictions | $14,008,160 |
| 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 | $21,369,630 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lifestream Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Eisenhower Medical Center Rancho Mirage, CA PURPOSE: SPONSORSHIP | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sports Physical Therapy Occupationa Therapy And Rehabilitation Service Westbury, NY | $30,843,109 | $40,901,866 |
Lifestream Inc New Bedford, MA | $21,369,630 | $38,919,251 |
Easter Seals New York Inc New York, NY | $14,125,942 | $26,806,489 |
Katherine Luther Residential Healthcare & Rehabilitation Center Inc Clinton, NY | $11,843,052 | $20,895,911 |
Meeting Street Providence, RI | $65,646,522 | $21,019,284 |
Life-Skills Inc Webster, MA | $10,327,537 | $17,176,140 |
Willowood Of Great Barrington Inc Pittsfield, MA | $12,432,272 | $15,184,704 |
Easter Seal Rehabilitation Center Waterbury, CT | $54,915,789 | $17,126,840 |
Easter Seals Massachusetts Inc Worcester, MA | $23,700,531 | $20,941,318 |
Childrens Rehabilitation Center Inc Yonkers, NY | $4,422,460 | $6,996,149 |
Ct Community Nonprofit Alliance Inc Rocky Hill, CT | $3,059,979 | $6,834,813 |
Life-Skills Home Training Tutorial Program For Pre-Schoolers Inc Whitestone, NY | $2,451,178 | $6,313,439 |