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Nonprofiteer
← LIBERTY CORNER ENTERPRISES INC

Form 990 for tax year 2023

Filed by LIBERTY CORNER ENTERPRISES INC.

Totals

Total revenue
$3,209,466
Total expenses
$3,816,566
Contributions and grants received
$19,073
Grants paid
$0
Program service revenue
$3,190,313
Investment income
$80
Other revenue
$0
Total assets, end of year
$752,897
Total liabilities, end of year
$482,070
Net assets or fund balances, end of year
$270,827
Program services expenses (Part IX)
$2,971,543
Management and general expenses
$840,840
Fundraising expenses
$4,183
Program service expenses (Part III)
$2,971,543

Program services were 77.9% 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.

  • 1f · All other contributions, gifts and grants

    $19,073

  • 2a · Program service revenue: Residential Support

    total $3,101,458 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Supportive Services

    total $88,855 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $80 · unrelated business $0 · excluded $80

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $198,408 · program services $162,695 · management and general $35,713 · fundraising $0

  • 7 · Other salaries and wages

    total $2,555,303 · program services $2,095,348 · management and general $459,955 · fundraising $0

  • 10 · Payroll taxes

    total $204,410 · program services $167,616 · management and general $36,794 · fundraising $0

  • 11c · Fees: accounting

    total $21,100 · program services $0 · management and general $21,100 · fundraising $0

  • 11g · Fees: other

    total $103,417 · program services $92,776 · management and general $10,641 · fundraising $0

  • 12 · Advertising and promotion

    total $8,813 · program services $0 · management and general $8,813 · fundraising $0

  • 13 · Office expenses

    total $38,090 · program services $17,822 · management and general $20,268 · fundraising $0

  • 14 · Information technology

    total $40,636 · program services $0 · management and general $40,636 · fundraising $0

  • 16 · Occupancy

    total $213,442 · program services $164,910 · management and general $48,532 · fundraising $0

  • 17 · Travel

    total $28,418 · program services $12,090 · management and general $16,328 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $61,723 · program services $61,723 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $59,020 · program services $41,617 · management and general $17,403 · fundraising $0

  • 24a · Other expenses: Food

    total $81,323 · program services $81,323 · management and general $0 · fundraising $0

  • 24b · Other expenses: Housekeeping and Supplies

    total $19,342 · program services $19,342 · management and general $0 · fundraising $0

  • 24c · Other expenses: Pharmacy and Medicine

    total $27,579 · program services $27,579 · management and general $0 · fundraising $0

  • 24d · Other expenses: Other Supplies

    total $6,011 · program services $6,011 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $149,531 · program services $20,691 · management and general $124,657 · fundraising $4,183

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,506 · end of year $9,788

  • 2 · Savings and temporary cash investments

    beginning of year $403,650 · end of year $113,714

  • 3 · Pledges and grants receivable

    beginning of year $20,298

  • 4 · Accounts receivable

    beginning of year $282,318 · end of year $137,268

  • 9 · Prepaid expenses and deferred charges

    beginning of year $42,190 · end of year $49,381

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

    $912,589

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

    $566,289

  • 10c · Land, buildings and equipment, net

    beginning of year $404,038 · end of year $346,300

  • 15 · Other assets

    beginning of year $160,932 · end of year $96,446

  • 17 · Accounts payable and accrued expenses

    beginning of year $214,675 · end of year $157,462

  • 23 · Secured mortgages and notes payable

    beginning of year $24,443 · end of year $25,818

  • 25 · Other liabilities

    beginning of year $338,643 · end of year $298,790

  • 27 · Net assets without donor restrictions

    beginning of year $742,966 · end of year $235,622

  • 28 · Net assets with donor restrictions

    beginning of year $35,205 · end of year $35,205

Mission and programs · 2023

Mission

LCE is an independent non-profit organization dedicated to supporting persons with developmental disabilities in their quest to achieve human dignity through living, working and playing in the homes, job and neighborhoods of their choice.

Activities or mission (Part I)

Liberty Corner Enterprises (LCE) is dedicated to supporting persons with developmental disabilities in their quest to achieve human dignity through living, working and playing in the homes, job and neighborhoods of their choice.

  • Liberty Corner Enterprises has grown to provide an array of services to assist individuals with intellectual / developmental disablilties to live their best life. These supports and services include: Supported Living Supervised Living Alternative Family Living. Community Activities Supported Employment More than 50 individuals are served on an annual basis.

    Expenses $2,971,543 · Revenue $3,190,313

As filed on the 2023 return.

Listed in Part VII

  • Jennifer Waite

    Executive Director

    Total calculated
    $95,459
    From this org
    $94,095
    From related orgs
    $0
    Other
    $1,364
    Hours/week
    40

  • Katherine Van Horne

    Chief Financial Officer

    Total calculated
    $70,762
    From this org
    $70,706
    From related orgs
    $0
    Other
    $56
    Hours/week
    40

  • Ray Hemachandra

    President

    Total calculated
    $0
    Hours/week
    1

  • Eva Farren

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    0.25

  • Karen Gray

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Jim Wilde

    Director

    Total calculated
    $0
    Hours/week
    0.25

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202501359349310035

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