Liberty Resources Inc
- Assets
- $17.8m
- Revenue
- $40.5m
- Investments
- $0.0
- Employees
- 1,119
- Location
- Philadelphia, PA
- Founding
- 01/1984
- Data as of
- 06/2021
- EIN
- 22-2483916
Organization Overview
Liberty Resources Inc is located in Philadelphia, PA. The organization was established in 1984. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, Liberty Resources Inc employed 1,119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty Resources 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 06/2021, Liberty Resources Inc generated $40.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $35.1m during the year ending 06/2021. While expenses have increased by 2.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION ADVOCATES AND PROMOTES INDEPENDENT LIVING FOR PERSONS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT LIVING SERVICES
HOUSING, SPECIALIZED SERVICES, AND OTHER PROGRAMS
IN-HOME HEALTHCARE AND SUPPORT SERVICES TO PERSONS WITH DISABILITIES AND THE ELDERLY
HOME MODIFICATIONS, DURABLE MEDICAL EQUIPMENT SALES, AND PEST ERADICATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Earle CEO | OfficerTrustee | 40 | $187,347 |
Debbie Russell Chair | OfficerTrustee | 1 | $0 |
Theresa Yates Vice Chair | OfficerTrustee | 1 | $0 |
Michelle O'brien Secretary | OfficerTrustee | 1 | $0 |
Stephen Kibbe Treasurer | OfficerTrustee | 1 | $0 |
Anthony Brooks Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
People Systems Unemployment Se | 6/29/22 | $620,000 |
Xtraglobex Llc Marketing | 6/29/22 | $343,338 |
Baratz & Associates Pa Accounting Serv | 6/29/22 | $145,500 |
Semanoff Ormsby Greenberg & Torchi Legal | 6/29/22 | $105,176 |
Ukg Inc Payroll Service | 6/29/22 | $135,329 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,390,269 |
| Investment income | $78,648 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $93,548 |
| Net Gain/Loss on Asset Sales | $47,938 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,525,448 |
| 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. | $625,522 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,191,785 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,774,304 |
| 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 | $754,407 |
| Advertising and promotion | $0 |
| Office expenses | $79,678 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,229,083 |
| Travel | $11,684 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,609 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,773 |
| Insurance | $311,599 |
| All other expenses | $0 |
| Total functional expenses | $35,111,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,629,114 |
| Savings and temporary cash investments | $86,626 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,849,545 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,235 |
| Prepaid expenses and deferred charges | $279,194 |
| Investments—publicly traded securities | $3,088,617 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,489,994 |
| Total assets | $17,841,006 |
| Accounts payable and accrued expenses | $2,831,074 |
| Grants payable | $0 |
| Deferred revenue | $75,000 |
| 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 | $1,897,506 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $96,951 |
| Total liabilities | $4,900,531 |
| Net assets without donor restrictions | $0 |
| 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 | $12,940,475 |