Ladder Incorporated, operating under the name Ladder Homes, is located in Holland, MI. The organization was established in 1992. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ladder Homes 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, Ladder Homes generated $401.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $175.4k during the year ending 12/2021. While expenses have increased by 6.1% 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
TO PROVIDE AFFORDABLE HOUSING AND SUPPORT FOR ADULTS WITH MENTAL ILLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS TO PROVIDE AFFORDABLE HOUSING AND SUPPORT FOR ADULTS WITH MENTAL ILLNESS. OUR GOAL IS TO CREATE A SAFE, INCLUSIVE, SUPPORTIVE ENVIRONMENT FOR RESIDENTS TO THRIVE, BE EMPOWERED, AND GAIN INDEPENDENCE. VALUES: WE ARE A FAITH-BASED NON-PROFIT FOUNDED IN 1990 TO BRIDGE THE GAP BETWEEN ADULT FOSTER CARE HOMES AND FULLY INDEPENDENT LIVING. WE CURRENTLY OWN (2) 4-PLEX APARTMENT BUILDINGS AND (3) HOUSES. WE PROVIDE SUPPORT AND HOUSING TO XXXX ADULTS WITH MENTAL ILLNESS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rick Van Til Exec.dir. | Officer | 40 | $65,232 |
Robert Angeli President | OfficerTrustee | 2 | $0 |
Beverly Denton Treasurer | OfficerTrustee | 2 | $0 |
Heather Van Andel Director | Trustee | 1 | $0 |
Carla Beach Director | Trustee | 1 | $0 |
Gretchen Nale Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $11,302 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $283,296 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $294,598 |
Total Program Service Revenue | $106,645 |
Investment income | $0 |
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 | $401,243 |
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. | $65,232 |
Compensation of current officers, directors, key employees. | $21,744 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,760 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $77 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $5,295 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $674 |
Advertising and promotion | $261 |
Office expenses | $3,233 |
Information technology | $255 |
Royalties | $0 |
Occupancy | $70,998 |
Travel | $3,613 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $451 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $17,623 |
Insurance | $1,560 |
All other expenses | $0 |
Total functional expenses | $175,441 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $66,489 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $214,962 |
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 | $464,930 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $746,381 |
Accounts payable and accrued expenses | $5,522 |
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 | $277,141 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $5,405 |
Total liabilities | $288,068 |
Net assets without donor restrictions | $455,266 |
Net assets with donor restrictions | $3,047 |
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 | $746,381 |
Over the last fiscal year, we have identified 1 grants that Ladder Incorporated has recieved totaling $7,051.
Awarding Organization | Amount |
---|---|
Greater Ottawa County United Way Inc Holland, MI PURPOSE: INDEPENDENT LIVING | $7,051 |
Organization Name | Assets | Revenue |
---|---|---|
Macomb Oakland Regional Center Inc Clinton Township, MI | $34,712,756 | $87,127,217 |
Ohio Living Holdings Westerville, OH | $9,052,370 | $48,267,325 |
Newcap Inc Oconto, WI | $18,167,211 | $33,388,655 |
Life Circles Muskegon, MI | $20,352,108 | $31,605,005 |
Independence First Inc Milwaukee, WI | $17,159,948 | $27,006,891 |
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |
Training & Treatment Innovations Inc Oxford, MI | $4,219,988 | $19,202,444 |
Michigan Community Services Inc Swartz Creek, MI | $9,785,401 | $17,419,566 |
Buckeye Plain Ministry Group Middlefield, OH | $4,397,089 | $15,353,471 |
Bridgeway Academy Columbus, OH | $11,163,009 | $12,055,177 |
Community Living Alliance Inc Madison, WI | $5,997,811 | $9,392,799 |
Consumer Services Inc Mason, MI | $3,818,010 | $9,133,531 |