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Nonprofiteer
← LADACIN NETWORK INC

Form 990 for tax year 2023

Filed by LADACIN NETWORK INC.

Totals

Total revenue
$35,550,374
Total expenses
$33,089,110
Contributions and grants received
$2,575,405
Grants paid
$0
Program service revenue
$32,307,875
Investment income
$454,646
Other revenue
$212,448
Total assets, end of year
$27,618,697
Total liabilities, end of year
$6,359,799
Net assets or fund balances, end of year
$21,258,898
Program services expenses (Part IX)
$32,102,671
Management and general expenses
$675,615
Fundraising expenses
$310,824
Program service expenses (Part III)
$32,102,671

Program services were 97.0% 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

    $685

  • 1c · Fundraising events

    $430,044

  • 1e · Government grants (contributions)

    $636,478

  • 1f · All other contributions, gifts and grants

    $1,508,198

  • 1g · Noncash contributions included above

    $1,076,844

  • 2a · Program service revenue: MEDICAID/MEDICARE

    total $19,046,837 · related or exempt $19,046,837

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

    total $7,188,445 · related or exempt $7,188,445

  • 2c · Program service revenue: EARLY INTERVENTION SERVICES

    total $3,105,013 · related or exempt $3,105,013

  • 2d · Program service revenue: TARGET EVALUATION PROGRAM

    total $1,897,469 · related or exempt $1,897,469

  • 2e · Program service revenue: CLIENT FEES

    total $447,895 · related or exempt $447,895

  • 2f · All other program service revenue

    total $622,216 · related or exempt $622,216

  • 3 · Investment income

    total $452,246 · excluded $452,246

  • 6a · Gross rents

    real property $67,402

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $67,402

  • 6d · Net rental income or loss

    total $67,402 · related or exempt $67,402

  • 7a · Gross sales of assets other than inventory

    other assets $2,400

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

    other assets $0

  • 7c · Gain or loss

    other assets $2,400

  • 7d · Net gain or loss

    total $2,400 · excluded $2,400

  • 8a · Fundraising events: gross income

    $104,256

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

    $430,044

  • 8b · Fundraising events: direct expenses

    $80,610

  • 8c · Net income from fundraising events

    total $23,646 · excluded $23,646

  • 9a · Gaming: gross income

    $86,567

  • 9b · Gaming: direct expenses

    $24,962

  • 9c · Net income from gaming

    total $61,605 · excluded $61,605

  • 11a · Other revenue: MANAGEMENT FEES

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

  • 11b · Other revenue: OTHER INCOME

    total $2,195 · excluded $2,195

  • 11e · Other revenue, total

    $59,795

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $452,170 · program services $437,294 · management and general $2,457 · fundraising $12,419

  • 7 · Other salaries and wages

    total $21,987,501 · program services $21,574,731 · management and general $232,966 · fundraising $179,804

  • 8 · Pension plan contributions

    total $960,532 · program services $942,697 · management and general $9,542 · fundraising $8,293

  • 9 · Other employee benefits

    total $3,397,057 · program services $3,351,216 · management and general $9,662 · fundraising $36,179

  • 10 · Payroll taxes

    total $1,600,365 · program services $1,570,886 · management and general $15,891 · fundraising $13,588

  • 11b · Fees: legal

    total $83,699 · program services $69,394 · management and general $13,829 · fundraising $476

  • 11c · Fees: accounting

    total $243,848 · program services $202,171 · management and general $40,290 · fundraising $1,387

  • 11g · Fees: other

    total $388,045 · program services $321,723 · management and general $64,114 · fundraising $2,208

  • 12 · Advertising and promotion

    total $22,314 · program services $20,650 · management and general $1,538 · fundraising $126

  • 13 · Office expenses

    total $332,149 · program services $298,108 · management and general $16,089 · fundraising $17,952

  • 16 · Occupancy

    total $603,031 · program services $589,684 · management and general $4,438 · fundraising $8,909

  • 17 · Travel

    total $436,571 · program services $427,787 · management and general $7,215 · fundraising $1,569

  • 22 · Depreciation, depletion and amortization

    total $779,951 · program services $563,372 · management and general $199,767 · fundraising $16,812

  • 23 · Insurance

    total $450,740 · program services $443,164 · management and general $5,861 · fundraising $1,715

  • 24a · Other expenses: SUPPLIES AND MATERIALS

    total $326,167 · program services $297,821 · management and general $28,243 · fundraising $103

  • 24b · Other expenses: FOOD SUPPLIES

    total $295,310 · program services $293,508 · management and general $1,802

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $212,693 · program services $205,254 · management and general $2,050 · fundraising $5,389

  • 24d · Other expenses: DATA PROCESSING

    total $171,131 · program services $158,660 · management and general $11,139 · fundraising $1,332

  • 24e · All other expenses

    total $345,836 · program services $334,551 · management and general $8,722 · fundraising $2,563

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,889,913 · end of year $7,131,667

  • 2 · Savings and temporary cash investments

    beginning of year $77,899 · end of year $1,624,376

  • 3 · Pledges and grants receivable

    beginning of year $416,278 · end of year $363,612

  • 4 · Accounts receivable

    beginning of year $2,037,294 · end of year $2,470,380

  • 9 · Prepaid expenses and deferred charges

    beginning of year $81,804 · end of year $115,885

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

    $19,555,415

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

    $11,167,549

  • 10c · Land, buildings and equipment, net

    beginning of year $7,338,979 · end of year $8,387,866

  • 11 · Investments: publicly traded securities

    beginning of year $942,128 · end of year $6,666,117

  • 15 · Other assets

    beginning of year $1,142,092 · end of year $858,794

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,293,246 · end of year $3,843,457

  • 19 · Deferred revenue

    beginning of year $164,865 · end of year $34,234

  • 23 · Secured mortgages and notes payable

    beginning of year $668,539 · end of year $624,278

  • 25 · Other liabilities

    beginning of year $2,114,792 · end of year $1,857,830

  • 27 · Net assets without donor restrictions

    beginning of year $18,400,781 · end of year $20,853,253

  • 28 · Net assets with donor restrictions

    beginning of year $284,164 · end of year $405,645

Mission and programs · 2023

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.

  • LADACIN NETWORK'S TWO STATE APPROVED PRIVATE SCHOOLS SPAN ACROSS TWO COUNTIES (MONMOUTH AND OCEAN) EXTENDING THE REACH TO MULTIPLY DISABLED STUDENTS 3-21 OFFERING A UNIQUE TRANSDISCIPLINARY APPROACH BOASTING COMPREHENSIVE MEDICAL, THERAPEUTIC, AND EDUCATIONAL SERVICES FOR A WHOLE CHILD APPROACH. SINCE 1956 THE AGENCY HAS PROGRESSIVELY ENHANCED SKILLS TO ENABLE STUDENTS TO DISCOVER AND DEVELOP INDIVIDUAL STRENGTHS AND ABILITIES USING STATE OF THE ARTS TECHNOLOGY CREATING A SPACE TO MAXIMIZE POTENTIAL. THE NJDOE FUNDING SUPPORTS EDUCATIONAL SERVICES, STAFF SALARIES, THERAPY EQUIPMENT, AND FACILITY MAINTENANCE. ADDITIONAL REVENUE IS GENERATED THROUGH DONATIONS, GRANTS, AND FUNDRAISING. LADACIN NETWORK ADHERES TO STRICT STATE GUIDELINES TO ENSURE COMPLIANCE, ACCOUNTABILITY, AND TRANSPARENCY IN FINANCIAL REPORTING, DEMONSTRATING THE ORGANIZATION'S COMMITMENT TO ITS MISSION OF IMPROVING THE LIVES OF INDIVIDUALS WITH DISABILITIES.

    Expenses $7,283,556 · Revenue $7,188,445

  • OUR STATE CERTIFIED DAY HABILITATION PROGRAMS PROVIDE ADULT BASIC EDUCATION, PRE-VOCATIONAL EXPLORATION, NURSING SERVICES, SOCIAL AND RECREATIONAL OPPORTUNITIES AND SPECIALIZED TRANSPORTATION TO ADULTS WITH MULTIPLE PHYSICAL AND INTELLECTUAL DISABILITIES. SERVICES ARE PROVIDED IN ATTRACTIVE, BARRIER-FREE ENVIRONMENTS IN BOTH MONMOUTH AND OCEAN COUNTIES. PRE-VOCATIONAL EXPLORATION INCLUDES THE AREAS OF FOOD SERVICE AND CHILDCARE. 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.

    Expenses $9,715,274 · Revenue $7,453,855

  • RESIDENTIAL OPTIONS CONSIST OF 10 LOCATIONS, 7 GROUP HOMES, 2 SUPPORTED/SUPERVISED APARTMENTS AND 1 INDEPENDENT LIVING APARTMENT COMPLEX. LOCATED IN MONMOUTH AND OCEAN COUNTIES. THESE BARRIER FREE, ACCESSIBLE LOCATIONS PROVIDE 24/7 RESIDENTIAL CARE TO 89 ADULTS WITH MULTIPLE PHYSICAL, INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. PERSONAL ASSISTANT SERVICES ARE PROVIDED TO THE TENANTS IN THEIR RESIDENCE. A WHEELCHAIR EQUIPPED VEHICLE IS 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 $9,554,856 · Revenue $12,041,080

  • THE EARLY INTERVENTION PROGRAM (EI) PROVIDES EARLY IDENTIFICATION, EVALUATION, AND COMPREHENSIVE SERVICES IN MONMOUTH AND OCEAN COUNTIES AGES BIRTH TO THREE YEARS OLD. THE TARGETED EVALUATION TEAM (TET) PROVIDES ASSESSMENT FOR ELIGIBILITY INTO THE EI PROGRAM IN MONMOUTH COUNTY. ONCE THE INFANT OR TODDLER IS EVALUATED AND FOUND ELIGIBLE TO RECEIVE SERVICES IN THE EI PROGRAM, AN INDIVIDUALIZED FAMILY SERVICE PLAN (IFSP) IS PROVIDED, AND SERVICES WILL BEGIN IN THE CHILD'S NATURAL ENVIRONMENT. AGENCY TEAM MEMBERS (SPEECH THERAPISTS, PHYSICAL THERAPISTS, OCCUPATIONAL THERAPISTS AND DEVELOPMENTAL INTERVENTIONISTS) ASSIST FAMILIES IN ACQUIRING SKILLS, KNOWLEDGE AND STRATEGIES TO MANAGE THE CHILD'S DISABILITIES OR DELAYS UTILIZING THE "ENGAGE AND EXCHANGE" MODEL WITH OUR PARENT PARTNERS, ENHANCING EACH CAREGIVER'S ABILITY TO MEET THEIR CHILD'S SOCIAL EMOTIONAL AND DEVELOPMENTAL NEEDS. IN FISCAL YEAR 23/24, THE AGENCY PROVIDED AN AVERAGE OF 605 SERVICES FOR FAMILIES PER MONTH AND PROVIDED ELIGIBILITY EVALUATIONS TO AN AVERAGE OF 127 CHILDREN PER MONTH IN MONMOUTH COUNTY. OUR TARGETED EVALUATION TEAM PROVIDED ANNUAL EVALUATIONS (AVERAGE 58 PER MONTH), EXIT EVALUATIONS (AVERAGE 44 PER MONTH), ADDITIONAL ASSESSMENTS (AVERAGE 50 PER MONTH) AND IFSP SERVICES (AVERAGE 125 PER MONTH).

    Expenses $5,548,985 · Revenue $5,749,497

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEPHEN F BELL CPA

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • VICTOR SBAILO

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • MARY HARTNETT ESQ

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NANCY KEGELMAN EDD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3 + 2.5 related

  • WILLIAM COLLOPY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINE RUSSELL GRAY

    SECRETARY

    Total calculated
    $0
    Hours/week
    3 + 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

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • VINCENT J VIVONA DO JD

    MEMBER

    Total calculated
    $0
    Hours/week
    3 + 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 FITZPATRICK

    DIRECTOR OF FINANCE

    Total calculated
    $90,844
    From this org
    $82,735
    From related orgs
    $0
    Other
    $8,109
    Hours/week
    35 + 5 related

  • PATRICIA B CARLESIMO

    EXECUTIVE DIRECTOR

    Total calculated
    $275,586
    From this org
    $233,910
    From related orgs
    $0
    Other
    $41,676
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $233,910
    Bonus
    $0
    Other
    $0
    Deferred
    $19,436
    Nontaxable benefits
    $22,240
    Filer's total
    $275,586

  • JUDITH A HILLA

    SPEECH LANGUAGE PATHOLOGIS

    Total calculated
    $157,288
    From this org
    $151,835
    From related orgs
    $0
    Other
    $5,453
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,835
    Bonus
    $0
    Other
    $0
    Deferred
    $5,453
    Nontaxable benefits
    $0
    Filer's total
    $157,288

  • CATHERINE M JASAITIS

    SPEECH LANGUAGE PATHOLOGIS

    Total calculated
    $125,417
    From this org
    $110,588
    From related orgs
    $0
    Other
    $14,829
    Hours/week
    40

  • MICHELE P FINCHLER

    SPEECH LANGUAGE PATHOLOGIS

    Total calculated
    $152,085
    From this org
    $134,928
    From related orgs
    $0
    Other
    $17,157
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,928
    Bonus
    $0
    Other
    $0
    Deferred
    $6,436
    Nontaxable benefits
    $10,721
    Filer's total
    $152,085

  • CELESTE SMITH

    ASSOCIATE EXECUTIVE DIR

    Total calculated
    $187,749
    From this org
    $161,692
    From related orgs
    $0
    Other
    $26,057
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,692
    Bonus
    $0
    Other
    $0
    Deferred
    $13,662
    Nontaxable benefits
    $12,395
    Filer's total
    $187,749

  • LISA GRAUL

    ASSOCIATE EXECUTIVE DIR

    Total calculated
    $175,432
    From this org
    $137,192
    From related orgs
    $0
    Other
    $38,240
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,192
    Bonus
    $0
    Other
    $0
    Deferred
    $7,469
    Nontaxable benefits
    $30,771
    Filer's total
    $175,432

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
2023
Filed
3 April 2025
IRS schema version
2023v6.0
Source object
202510949349300226

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