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Nonprofiteer
← LADACIN NETWORK INC

Form 990 for tax year 2022

Filed by LADACIN NETWORK INC.

Totals

Total revenue
$32,275,164
Total expenses
$30,521,692
Contributions and grants received
$1,575,881
Grants paid
$0
Program service revenue
$29,982,192
Investment income
$486,342
Other revenue
$230,749
Total assets, end of year
$24,926,387
Total liabilities, end of year
$6,241,442
Net assets or fund balances, end of year
$18,684,945
Program services expenses (Part IX)
$29,131,644
Management and general expenses
$1,106,964
Fundraising expenses
$283,084
Program service expenses (Part III)
$29,131,644

Program services were 95.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $427

  • 1c · Fundraising events

    $193,135

  • 1e · Government grants (contributions)

    $805,684

  • 1f · All other contributions, gifts and grants

    $576,635

  • 2a · Program service revenue: MEDICAID/MEDICARE

    total $16,928,800 · related or exempt $16,928,800

  • 2b · Program service revenue: CHILDREN EDUCATION AND THERAPY

    total $7,137,749 · related or exempt $7,137,749

  • 2c · Program service revenue: EARLY INTERVENTION SERVICES

    total $2,962,697 · related or exempt $2,962,697

  • 2d · Program service revenue: TARGET EVALUATION PROGRAM

    total $1,850,922 · related or exempt $1,850,922

  • 2e · Program service revenue: CLIENT FEES

    total $446,846 · related or exempt $446,846

  • 2f · All other program service revenue

    total $655,178 · related or exempt $655,178

  • 3 · Investment income

    total $156,342 · excluded $156,342

  • 6a · Gross rents

    real property $59,162

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $59,162

  • 6d · Net rental income or loss

    total $59,162 · related or exempt $59,162

  • 7a · Gross sales of assets other than inventory

    other assets $1,814,000

  • 7b · Less cost or other basis and sales expenses

    other assets $1,484,000

  • 7c · Gain or loss

    other assets $330,000

  • 7d · Net gain or loss

    total $330,000 · excluded $330,000

  • 8a · Fundraising events: gross income

    $258,289

  • 8a · Fundraising events: contributions included on line 1c

    $193,135

  • 8b · Fundraising events: direct expenses

    $202,518

  • 8c · Net income from fundraising events

    total $55,771 · excluded $55,771

  • 9a · Gaming: gross income

    $102,465

  • 9b · Gaming: direct expenses

    $44,659

  • 9c · Net income from gaming

    total $57,806 · excluded $57,806

  • 11a · Other revenue: MANAGEMENT FEES

    total $57,600 · related or exempt $57,600

  • 11b · Other revenue: OTHER INCOME

    total $410 · excluded $410

  • 11e · Other revenue, total

    $58,010

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $689,766 · program services $674,016 · management and general $12,569 · fundraising $3,181

  • 7 · Other salaries and wages

    total $20,333,560 · program services $19,991,852 · management and general $160,528 · fundraising $181,180

  • 8 · Pension plan contributions

    total $937,432 · program services $921,873 · management and general $7,128 · fundraising $8,431

  • 9 · Other employee benefits

    total $2,740,834 · program services $2,005,313 · management and general $710,588 · fundraising $24,933

  • 10 · Payroll taxes

    total $1,461,199 · program services $1,429,791 · management and general $18,888 · fundraising $12,520

  • 11b · Fees: legal

    total $3,190 · program services $2,967 · management and general $202 · fundraising $21

  • 11c · Fees: accounting

    total $101,450 · program services $94,344 · management and general $6,423 · fundraising $683

  • 11g · Fees: other

    total $572,807 · program services $532,684 · management and general $36,266 · fundraising $3,857

  • 12 · Advertising and promotion

    total $49,192 · program services $44,975 · management and general $3,881 · fundraising $336

  • 13 · Office expenses

    total $296,468 · program services $271,917 · management and general $13,623 · fundraising $10,928

  • 16 · Occupancy

    total $580,787 · program services $566,715 · management and general $4,715 · fundraising $9,357

  • 17 · Travel

    total $367,540 · program services $363,061 · management and general $3,729 · fundraising $750

  • 22 · Depreciation, depletion and amortization

    total $527,623 · program services $423,591 · management and general $89,811 · fundraising $14,221

  • 23 · Insurance

    total $420,180 · program services $411,181 · management and general $7,498 · fundraising $1,501

  • 24a · Other expenses: SUPPLIES AND MATERIALS

    total $402,315 · program services $389,975 · management and general $9,187 · fundraising $3,153

  • 24b · Other expenses: FOOD SUPPLIES

    total $308,453 · program services $307,305 · management and general $1,148

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $186,366 · program services $179,845 · management and general $1,958 · fundraising $4,563

  • 24d · Other expenses: EQUIPMENT

    total $155,224 · program services $152,866 · management and general $1,249 · fundraising $1,109

  • 24e · All other expenses

    total $387,306 · program services $367,373 · management and general $17,573 · fundraising $2,360

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,030,474 · end of year $12,889,913

  • 2 · Savings and temporary cash investments

    beginning of year $60,108 · end of year $77,899

  • 3 · Pledges and grants receivable

    beginning of year $296,918 · end of year $416,278

  • 4 · Accounts receivable

    beginning of year $1,554,250 · end of year $2,037,294

  • 9 · Prepaid expenses and deferred charges

    beginning of year $95,245 · end of year $81,804

  • 10a · Land, buildings and equipment: cost or other basis

    $17,726,576

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,387,597

  • 10c · Land, buildings and equipment, net

    beginning of year $6,068,927 · end of year $7,338,979

  • 11 · Investments: publicly traded securities

    beginning of year $962,879 · end of year $942,128

  • 15 · Other assets

    beginning of year $328,831 · end of year $1,142,092

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,870,966 · end of year $3,293,246

  • 19 · Deferred revenue

    beginning of year $58,214 · end of year $164,865

  • 23 · Secured mortgages and notes payable

    beginning of year $710,905 · end of year $668,539

  • 25 · Other liabilities

    beginning of year $2,685,356 · end of year $2,114,792

  • 27 · Net assets without donor restrictions

    beginning of year $15,750,049 · end of year $18,400,781

  • 28 · Net assets with donor restrictions

    beginning of year $322,142 · end of year $284,164

Mission and programs · 2022

Mission

THE MISSION OF LADACIN NETWORK, A NON-PROFIT AGENCY, IS TO PROVIDE A CONTINUUM OF CARE, INCLUDING EDUCATIONAL, THERAPEUTIC, SOCIAL, RESIDENTIAL AND SUPPORT SERVICES TO INFANTS, CHILDREN, AND ADULTS WITH COMPLEX PHYSICAL AND DEVELOPMENTAL DISABILITIES OR DELAYS.

Activities or mission (Part I)

TO PROVIDE EDUCATION, THERAPY, SOCIAL, RESIDENTIAL AND OTHER SUPPORT SERVICES TO PEOPLE WITH DEVELOPMENTAL AND OTHER PHYSICAL DISABILITIES.

  • OUR STATE-APPROVED PRIVATE SCHOOLS OFFER HIGH-QUALITY SPECIAL EDUCATION FOR CHILDREN AGES 3-21 WITH MULTIPLE PHYSICAL AND DEVELOPMENTAL DISABILITIES FOR 223 PROGRAM DAYS. SINCE 1956 WE HAVE PROVIDED AN ARRAY OF COMPREHENSIVE SERVICES TO ADDRESS THE WHOLE CHILD, ENSURING THEY DISCOVER AND DEVELOP THEIR INDIVIDUAL STRENGTHS AND ABILITIES USING ALL THE TECHNOLOGY, SUPPORTS, AND ACCOMMODATIONS THEY REQUIRE. WE SERVE CHILDREN THROUGHOUT MONMOUTH AND OCEAN COUNTIES, AND THE SURROUNDING AREAS. EACH STUDENT'S PROGRAM IS INDIVIDUALIZED AND BASED UPON THEIR INDIVIDUAL EDUCATION PLAN (IEP) WHICH IS DEVELOPED IN CONJUNCTION WITH THE FAMILY AND THE DISTRICT CHILD STUDY TEAM.THE SCHOOLS ARE PART OF LADACIN NETWORK, INC., AN ORGANIZATION THAT UTILIZES A TRANSDISCIPLINARY PHILOSOPHY TO DELIVER SERVICES. OUR TEAM FOLLOWS THIS UNIQUE TRANSDISCIPLINARY APPROACH WHICH ENCOMPASSES THE MEDICAL (INCLUDING NURSING AND VARIOUS CLINICS), EDUCATIONAL (SPECIALIZED CURRICULUM), THERAPEUTIC (OCCUPATIONAL, PHYSICAL AND SPEECH THERAPY), AND SOCIAL ASPECTS OF AN INDIVIDUAL'S DEVELOPMENT.ALL SERVICES ARE AVAILABLE IN PERSON AND REMOTELY.

    Expenses $7,020,453 · Revenue $6,313,749

  • PROVIDED EDUCATION, THERAPY, AND TRANSPORTATION TO ADULTS WITH MULTIPLE PHYSICAL DISABILITIES. PROGRAMS PROVIDE EDUCATIONAL, PREVOCATIONAL, SOCIAL, THERAPEUTIC, AND RECREATIONAL OPPORTUNITIES IN ATTRACTIVE, BARRIER FREE ENVIRONMENTS FOR ADULTS WITH MULTIPLE PHYSICAL DISABILITIES. VOCATIONAL TRAINING POSSIBILITIES INCLUDE FOOD SERVICE, COMPUTER/OFFICE SKILLS, MAINTENANCE/CUSTODIAL SKILLS, AND CHILD CARE. EVALUATION AND TRAINING IN THE USE OF ASSISTIVE TECHNOLOGY IS INTEGRATED INTO THE PROGRAMS. PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH LANGUAGE THERAPY MAY BE PROVIDED AS COMPONENTS OF A TRANSDISCIPLINARY APPROACH TO SERVICE DELIVERY. ADDITIONAL FUNDING FOR THIS PROGRAM IS PROVIDED THROUGH FEDERAL GRANTS, AS SHOWN ON FORM 990, PART VIII, LINE 1E.

    Expenses $8,205,831 · Revenue $7,137,749

  • RESIDENTIAL OPTIONS CONSIST OF 9 LOCATIONS, 6 GROUP HOMES, 2 SUPPORTED/SUPERVISED APARTMENTS AND 1 INDEPENDENT LIVING APARTMENT COMPLEX. THESE LOCATIONS PROVIDE 24/7 RESIDENTIAL CARE TO 84 ADULTS WITH MULTIPLE PHYSICAL AND DEVELOPMENTAL DISABILITIES. PERSONAL ASSISTANT SERVICES ARE PROVIDED TO THE TENANTS IN THEIR RESIDENCE. ALL RESIDENCES ARE ACCESSIBLE AND BARRIER FREE. WHEELCHAIR EQUIPPED VEHICLES ARE ALSO AVAILABLE AT EACH RESIDENCE TO ASSIST TENANTS WITH ATTENDING DAY PROGRAMS, COMMUNITY INTEGRATION ACTIVITIES, AND MEDICAL APPOINTMENTS. THESE PROGRAMS ARE SUBSIDIZED BY FUNDS AVAILABLE FROM HUD AND NJ DHS.

    Expenses $8,336,382 · Revenue $11,582,236

  • PROVIDED EARLY INTERVENTION SERVICES, PRIMARILY IN THE FAMILY HOME, FOR 505 FAMILIES ON AVERAGE. ALSO PROVIDED ELIGIBILITY EVALUATIONS FOR EARLY INTERVENTION SERVICES TO AN AVERAGE OF 125 CHILDREN PER MONTH IN MONMOUTH COUNTY. OUR TARGETED EVALUATION TEAM ALSO PROVIDED ANNUAL EVALUATIONS (AVERAGE 40 PER MONTH), EXIT EVALUATIONS (AVERAGE 30 PER MOUTH), ADDITIONAL ASSESSMENTS (AVERAGE 25 PER MONTH) AND IFSP SERVICES (AVERAGE 120 PER MONTH).

    Expenses $5,568,978 · Revenue $5,065,220

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stephen F Bell CPA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • Victor Sbailo

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mary Hartnett Esq

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Nancy Kegelman EdD

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • William Collopy

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christine Russell Gray

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • Thomas F Hayes

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephan Lowy

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • Kanesha Jones

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Philip Nisbet

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Vincent J Vivona Do JD

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • Marilyn Shapiro

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kelly Siegfried

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joel Goldfinger

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Crystal R Pendry

    DIRECTOR OF FINANCE

    Total calculated
    $118,819
    From this org
    $106,280
    From related orgs
    $0
    Other
    $12,539
    Hours/week
    40

  • Patricia B Carlesimo

    EXECUTIVE DIRECTOR

    Total calculated
    $257,257
    From this org
    $193,852
    From related orgs
    $0
    Other
    $63,405
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,852
    Bonus
    $0
    Other
    $0
    Deferred
    $40,546
    Nontaxable benefits
    $22,859
    Filer's total
    $257,257

  • Judith A Hilla

    SPEECH LANGUAGE PATHOLOGIS

    Total calculated
    $142,126
    From this org
    $137,730
    From related orgs
    $0
    Other
    $4,396
    Hours/week
    40

  • Catherine M Jasaitis

    SPEECH LANGUAGE PATHOLOGIS

    Total calculated
    $133,242
    From this org
    $119,629
    From related orgs
    $0
    Other
    $13,613
    Hours/week
    40

  • Michele P Finchler

    SPEECH LANGUAGE PATHOLOGIS

    Total calculated
    $132,006
    From this org
    $103,889
    From related orgs
    $0
    Other
    $28,117
    Hours/week
    40

  • Celeste Smith

    ASSOCIATE EXECUTIVE DIR

    Total calculated
    $178,887
    From this org
    $139,927
    From related orgs
    $0
    Other
    $38,960
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,927
    Bonus
    $0
    Other
    $0
    Deferred
    $27,301
    Nontaxable benefits
    $11,659
    Filer's total
    $178,887

  • Lisa Graul

    ASSOCIATE EXECUTIVE DIR

    Total calculated
    $147,513
    From this org
    $108,016
    From related orgs
    $0
    Other
    $39,497
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • M&O HOUSING

    501(C)(3) · RESIDENTIAL HOUSING FOR DEVELOPMENTALLY DISABLED · NJ · controlled entity

    Directly controlled by LADACIN NETWORK INC

  • MONMOUTH UCP HOUSING INC

    501(C)(3) · RESIDENTIAL HOUSING FOR DEVELOPMENTALLY DISABLED · NJ · controlled entity

    Directly controlled by LADACIN NETWORK INC

  • OCEAN UCP HOUSING INC

    501(C)(3) · RESIDENTIAL HOUSING FOR DEVELOPMENTALLY DISABLED · NJ · controlled entity

    Directly controlled by LADACIN NETWORK INC

  • OPERATION LIFE INC

    501(C)(3) · RESIDENTIAL HOUSING FOR DEVELOPMENTALLY DISABLED · NJ · controlled entity

    Directly controlled by LADACIN NETWORK INC

  • RESIDENTIAL RESOURCES INC

    501(C)(3) · RESIDENTIAL HOUSING FOR DEVELOPMENTALLY DISABLED · NJ · controlled entity

    Directly controlled by LADACIN NETWORK INC

Provenance

Return type
form_990
Tax year
2022
Filed
14 February 2024
IRS schema version
2022v5.0
Source object
202400659349300825

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