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Nonprofiteer
← LIBERTY CORNER ENTERPRISES INC

Form 990 for tax year 2024

Filed by LIBERTY CORNER ENTERPRISES INC.

Totals

Total revenue
$3,076,487
Total expenses
$3,251,148
Contributions and grants received
$29,293
Grants paid
$0
Program service revenue
$3,046,433
Investment income
$19
Other revenue
$742
Total assets, end of year
$509,204
Total liabilities, end of year
$413,038
Net assets or fund balances, end of year
$96,166
Program services expenses (Part IX)
$2,598,085
Management and general expenses
$653,063
Fundraising expenses
$0
Program service expenses (Part III)
$2,598,085

Program services were 79.9% 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

    $29,293

  • 2a · Program service revenue: Residential Support

    total $3,002,832 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Supportive Services

    total $43,601 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $19 · unrelated business $0 · excluded $19

  • 11a · Other revenue: Miscellaneous Income

    total $742 · related or exempt $0 · unrelated business $0 · excluded $742

  • 11e · Other revenue, total

    $742

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $173,669 · program services $142,409 · management and general $31,260 · fundraising $0

  • 7 · Other salaries and wages

    total $2,180,223 · program services $1,787,782 · management and general $392,441 · fundraising $0

  • 9 · Other employee benefits

    total $7,358 · program services $5,640 · management and general $1,718 · fundraising $0

  • 10 · Payroll taxes

    total $219,903 · program services $180,320 · management and general $39,583 · fundraising $0

  • 11c · Fees: accounting

    total $22,130 · program services $0 · management and general $22,130 · fundraising $0

  • 11g · Fees: other

    total $82,817 · program services $76,819 · management and general $5,998 · fundraising $0

  • 12 · Advertising and promotion

    total $9,350 · program services $0 · management and general $9,350 · fundraising $0

  • 13 · Office expenses

    total $24,130 · program services $9,733 · management and general $14,397 · fundraising $0

  • 14 · Information technology

    total $61,973 · program services $2,634 · management and general $59,339 · fundraising $0

  • 16 · Occupancy

    total $188,955 · program services $158,019 · management and general $30,936 · fundraising $0

  • 17 · Travel

    total $20,220 · program services $8,035 · management and general $12,185 · fundraising $0

  • 20 · Interest

    total $1,452 · program services $0 · management and general $1,452 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $49,366 · program services $49,366 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $58,752 · program services $42,889 · management and general $15,863 · fundraising $0

  • 24a · Other expenses: Food

    total $75,639 · program services $75,639 · management and general $0 · fundraising $0

  • 24b · Other expenses: Housekeeping and Supplies

    total $17,226 · program services $17,226 · management and general $0 · fundraising $0

  • 24c · Other expenses: Pharmacy and Medicine

    total $18,934 · program services $18,934 · management and general $0 · fundraising $0

  • 24d · Other expenses: Training and Development

    total $20,430 · program services $17,691 · management and general $2,739 · fundraising $0

  • 24e · All other expenses

    total $18,621 · program services $4,949 · management and general $13,672 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,788 · end of year $4,432

  • 2 · Savings and temporary cash investments

    beginning of year $113,714

  • 4 · Accounts receivable

    beginning of year $137,268 · end of year $131,901

  • 9 · Prepaid expenses and deferred charges

    beginning of year $49,381 · end of year $45,881

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

    $912,589

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

    $615,655

  • 10c · Land, buildings and equipment, net

    beginning of year $346,300 · end of year $296,934

  • 15 · Other assets

    beginning of year $96,446 · end of year $30,056

  • 17 · Accounts payable and accrued expenses

    beginning of year $157,462 · end of year $155,203

  • 23 · Secured mortgages and notes payable

    beginning of year $25,818 · end of year $27,270

  • 25 · Other liabilities

    beginning of year $298,790 · end of year $230,565

  • 27 · Net assets without donor restrictions

    beginning of year $235,622 · end of year $96,166

  • 28 · Net assets with donor restrictions

    beginning of year $35,205

Mission and programs · 2024

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 $2,598,085 · Revenue $3,046,433

As filed on the 2024 return.

Listed in Part VII

  • Jennifer Waite

    Executive Director

    Total calculated
    $108,769
    From this org
    $107,461
    From related orgs
    $0
    Other
    $1,308
    Hours/week
    40

  • Katherine Van Horne

    Chief Financial Officer

    Total calculated
    $81,604
    From this org
    $81,604
    From related orgs
    $0
    Other
    $0
    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 CPA

    Vice-President

    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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2026
IRS schema version
2024v5.2
Source object
202601359349304225

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