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Life Adjustment Center Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133620577 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Life Adjustment Center Inc?

Life Adjustment Center Inc, based in New York, is a dedicated nonprofit organization that provides residential and clinical support services for individuals with developmental disabilities. Their mission is to enhance the quality of life for this population and their families, offering state-of-the-art health care services in a dynamic environment. With a team of 188 dedicated employees, Life Adjustment Center Inc is committed to optimizing the well-being of developmentally disabled children and adults, offering them a supportive home and essential care.


Official website here: www.lifeadjustmentcenter.com

What are the reviews and ratings of this charity?

Charity Navigator rating: 93%, Four-Star out of Four Star rating.

Life Adjustment Center Inc has received a commendable Four-Star rating from Charity Navigator, reflecting a strong score of 93% in the Accountability & Finance category. This high rating indicates that the organization demonstrates a commitment to transparency and effective financial management, crucial for maintaining donor trust and support.

The Center boasts a fully independent board, which highlights its governance strength. With 100% of board members being independent, the organization ensures unbiased decision-making. Additionally, the absence of any material diversion of assets and comprehensive policies related to conflict of interest and whistleblower protections further showcase its dedication to accountability.

While the organization shows a strong program expense ratio of 86.98%, indicating that a significant portion of its resources directly supports its programs, its liabilities to assets ratio at 53.58% suggests that there may be areas for improvement in financial stability. Overall, Life Adjustment Center Inc presents a solid reputation for managing funds responsibly and operates with a clear focus on its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Life Adjustment Center Inc legitimate?

Life Adjustment Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Adjustment Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,249,599

For more financial information, click here


Official website here: www.lifeadjustmentcenter.com

What is the mission statement of Life Adjustment Center Inc?

The Life Adjustment Center Inc, in its mission, strives to enhance the quality of life for developmentally disabled children and adults, as well as their families. They achieve this goal by delivering high-quality, state-of-the-art healthcare services in an ever-evolving environment. The center's mission is to optimize the lives of these individuals, providing them with the necessary clinical support and services in a residential setting. The Life Adjustment Center Inc's primary aim is to create a supportive environment that caters to the unique needs of the developmentally disabled population, enabling them to live their lives to the fullest.


Official website here: www.lifeadjustmentcenter.com

Who is the CEO of Life Adjustment Center Inc?

Alex Coroneos is the Board President (9/2022 Director) of Life Adjustment Center Inc.


Official website here: www.lifeadjustmentcenter.com

What is the revenue of Life Adjustment Center Inc?

Life Adjustment Center Inc's revenue in 2022 was $11,776,959.


Official website here: www.lifeadjustmentcenter.com

Who are the executives of Life Adjustment Center Inc and what are their salaries?

The average compensation at Life Adjustment Center Inc during 2022 was $33,243. There are 188 employees at Life Adjustment Center Inc.


Here are 11 key members and their salaries:


Gary Mckay (Board President (9/2022 Director))
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Foodim (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Finn (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nydia Mendez (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Coroneos ((9/2022) Executive Director)
  • Compensation: $30,069
  • Related: $0
  • Other: $0
Yuri C Feynberg (Exec Director (9/2022 President))
  • Compensation: $325,347
  • Related: $0
  • Other: $989
Fred Romero (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Constance Brown Bellamy (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Santana (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Anthony Lechich (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Seth Bressman (Director Of Finance)
  • Compensation: $210,258
  • Related: $0
  • Other: $11,994


Official website here: www.lifeadjustmentcenter.com

Where can I find the form 990 for Life Adjustment Center Inc?

Life Adjustment Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lifeadjustmentcenter.com

Learn more at the official website: www.lifeadjustmentcenter.com

Mission Statement of Life Adjustment Center Inc

Life Adjustment Center, a renowned organization, is committed to enhancing the quality of life for developmentally disabled children and adults, as well as their families. With a focus on providing top-notch, state-of-the-art healthcare services, Life Adjustment Center operates in a dynamic and challenging environment. Their mission is to optimize the well-being of individuals with developmental disabilities, ensuring they lead fulfilling lives. To achieve this, Life Adjustment Center offers residential clinical support and services, providing a safe and nurturing environment for these individuals. Their services are tailored to meet the unique needs of each person, offering a comprehensive approach to care. By prioritizing the needs of the developmentally disabled population and their families, Life Adjustment Center makes a significant impact on their lives, contributing to a more inclusive and supportive society.

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Impact




October, 2024

Life Adjustment Center Inc significantly enhances the quality of life for developmentally disabled individuals and their families in New York. By offering residential and clinical support services, the center ensures that individuals receive comprehensive care tailored to their unique needs. The mission emphasizes optimizing life quality, focusing on state-of-the-art health care services in a challenging environment. Through dedicated support, LAC helps empower these individuals, fostering their independence and well-being while providing crucial resources and education for families navigating complex care landscapes. This holistic approach not only aids in personal development but also strengthens community ties and promotes a greater understanding of the challenges faced by developmentally disabled populations.




This information is meant to be a general summary of Life Adjustment Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$11,776,959 (2022)
Expenses
$11,202,597 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $13,324
  • Program Service Revenue: $10,330,915
  • Gross Receipts: $11,776,959

Assets and Liabilities:

  • Total Assets: $6,341,368
  • Total Liabilities: $2,977,661
  • Net Assets: $3,363,707

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEDICAID

Revenue

$7,684,126

CHILDCARE

Revenue

$1,341,107

SOCIAL SECURITY INCOME

Revenue

$653,973

ROOM & BOARD

Revenue

$462,325

FOOD STAMPS

Revenue

$189,384

Organization Details

Founding Year

1991

Principal Officer

Alex Coroneos

Main Address

1430 BROADWAY SUITE 501 501, NEW YORK, NY, 100189221

NTEE Category

Code: B28Z - Education

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