Living Independently For The Elderly Inc
- Assets
- $7.6m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 63
- Location
- Croton On Hudson, NY
- Founding
- 09/1982
- Data as of
- 12/2021
- EIN
- 13-3099812
Organization Overview
Living Independently For The Elderly Inc is located in Croton On Hudson, NY. The organization was established in 1982. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2023, Living Independently For The Elderly Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Living Independently For The Elderly 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 12/2021, Living Independently For The Elderly Inc generated $4.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $5.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
THE FACILITIES PURPOSE IS TO PROVIDE ENRICHED HOUSING, MEDICAL CARE AND OTHER ADULT SERVICES TO THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lizbeth Deas Director Of Lhcsa | Officer | 37.5 | $0 |
Harold Hildred Administrator | Officer | 37.5 | $0 |
Richard Merbaum Board Member | Trustee | 1 | $0 |
James J Campbell Board Member | Trustee | 1 | $0 |
Rev Dr John E Carrington Board Member | Trustee | 1 | $0 |
Rev Kevan Thomas Hitch Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jarro Construction Construction | 12/30/19 | $186,650 |
Sysco Food Services Food Services | 12/30/19 | $251,198 |
Angel Care Services Inc Staffing | 12/30/19 | $155,764 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $66 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $167,462 |
| 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 | $4,454,433 |
| Statement of Expenses | |
|---|---|
| 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. | $161,615 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,370,259 |
| Pension plan accruals and contributions | $78,941 |
| Other employee benefits | $343,169 |
| Payroll taxes | $95,363 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,139 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $343,663 |
| Travel | $958 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $259,884 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $456,776 |
| Insurance | $107,557 |
| All other expenses | $0 |
| Total functional expenses | $5,106,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,258 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,018 |
| Prepaid expenses and deferred charges | $27,463 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,653,134 |
| Total assets | $7,626,073 |
| Accounts payable and accrued expenses | $1,468,404 |
| 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 | $7,586,752 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $418,500 |
| Total liabilities | $9,473,656 |
| Net assets without donor restrictions | -$1,847,583 |
| 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 |
| Total liabilities and net assets/fund balances | -$1,847,583 |