Living Resources Corp
- Assets
- $28.0m
- Revenue
- $51.6m
- Investments
- $0.0
- Employees
- 1,148
- Location
- Albany, NY
- Founding
- 04/1975
- Data as of
- 12/2023
- EIN
- 14-1564208
Organization Overview
Living Resources Corp is located in Albany, NY. The organization was established in 1975. 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, Living Resources Corp employed 1,148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Living Resources Corp 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, Living Resources Corp generated $51.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $51.2m during the year ending 12/2023. While expenses have increased by 3.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SERVE DEVELOPMENTALLY DISABLED
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL PROGRAMS-SUPERVISED AND SUPPORTED RESIDENTIAL PROGRAMS FOR THE DEVELOPMENTALLY DISABLED.
NON-RESIDENTIAL PROGRAMS-PROGRAMS INCLUDE SUPPORTED EMPLOYMENT, FAMILY SUPPORT SERVICES, CASE MANAGEMENT, SIGN LANGUAGE INTERPRETATION, DAY HABILITATION AND OTHER SIMILAR PROGRAMS SUPPORTING INDIVIDUALS WITH DISABILITIES OR OTHER LIFE CHALLENGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Strauchon-Verner President | OfficerTrustee | 1 | $0 |
Laurel Lei Kelley Vice Preside | OfficerTrustee | 1 | $0 |
Michael Quaranta Jr Treasurer | OfficerTrustee | 1 | $0 |
Bonita Sanchez Secretary | OfficerTrustee | 1 | $0 |
Peter Cornell Director | Trustee | 1 | $0 |
Richard Curry Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Larry Browe | 12/30/23 | $177,170 |
Bond Schoeneck & King | 12/30/23 | $141,223 |
Capital District Landscape Llc | 12/30/23 | $121,741 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $112,059 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $677,098 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $789,157 |
| Total Program Service Revenue | $49,907,229 |
| Investment income | $165,584 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $400,696 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,597,210 |
| 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. | $436,971 |
| Compensation of current officers, directors, key employees. | $436,971 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,179,803 |
| Pension plan accruals and contributions | $327,052 |
| Other employee benefits | $4,394,078 |
| Payroll taxes | $2,514,239 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,669,660 |
| Travel | $1,425,637 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $730,771 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,098,752 |
| Insurance | $761,946 |
| All other expenses | $910,707 |
| Total functional expenses | $51,156,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,922,246 |
| Savings and temporary cash investments | $137,794 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,984,895 |
| 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 | $328,700 |
| Net Land, buildings, and equipment | $12,871,410 |
| Investments—publicly traded securities | $1,440,147 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,321,101 |
| Total assets | $28,006,293 |
| Accounts payable and accrued expenses | $4,295,640 |
| Grants payable | $0 |
| Deferred revenue | $1,270,225 |
| Tax-exempt bond liabilities | $5,110,000 |
| Escrow or custodial account liability | $842,940 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,513,172 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,527,468 |
| Total liabilities | $17,559,445 |
| Net assets without donor restrictions | $10,446,848 |
| 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 | $28,006,293 |