Civic Intelligence

Life Needs Coop Inc

EIN 22-2785818 • 501(c)3 • Great Barrington, MA

Profile

LIFE NEEDS COOP, INC

205 N Plain RdGreat Barrington, MA 01230

stantonhome.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.93x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

0.59x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

29th percentile

-4.9%

Higher net margin than 29% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

76th percentile

$124,800

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

18th percentile

-9.0%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

9.3%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,141,494

Down $310,152 (-9.0%) from 2023

Liabilities

Down

$2,911,360

Down $67,676 (-2.3%) from 2023

Net Assets

Down

$230,134

Down $242,476 (-51%) from 2023

Revenue

Up

$4,940,587

Up $419,483 (+9.3%) from 2023

Expenses

Up

$5,183,063

Up $464,249 (+9.8%) from 2023

Net Income

Down

-$242,476

Down $44,766 (-23%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $268,371Liabilities 2010: $338,721Net Assets 2010: -$70,3502010Assets 2011: $252,976Liabilities 2011: $316,450Net Assets 2011: -$63,4742011Assets 2012: $231,779Liabilities 2012: $278,363Net Assets 2012: -$46,5842012Assets 2013: $220,133Liabilities 2013: $264,540Net Assets 2013: -$44,4072013Assets 2014: $191,225Liabilities 2014: $364,553Net Assets 2014: -$173,3282014Assets 2015: $216,211Liabilities 2015: $464,300Net Assets 2015: -$248,0892015Assets 2016: $255,426Liabilities 2016: $523,073Net Assets 2016: -$267,6472016Assets 2017: $438,483Liabilities 2017: $585,481Net Assets 2017: -$146,9982017Assets 2018: $527,978Liabilities 2018: $571,927Net Assets 2018: -$43,9492018Assets 2019: $635,018Liabilities 2019: $590,635Net Assets 2019: $44,3832019Assets 2020: $957,969Liabilities 2020: $443,997Net Assets 2020: $513,9722020Assets 2021: $1,229,436Liabilities 2021: $477,051Net Assets 2021: $752,3852021Assets 2022: $1,124,847Liabilities 2022: $430,746Net Assets 2022: $694,1012022Assets 2023: $3,451,646Liabilities 2023: $2,979,036Net Assets 2023: $472,6102023Assets 2024: $3,141,494Liabilities 2024: $2,911,360Net Assets 2024: $230,1342024

Highlighted filing

2024

Assets$3,141,494
Liabilities$2,911,360
Net Assets$230,134

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $447,798Expenses 2010: $548,228Net Income 2010: -$100,4302010Expenses 2011: $463,0982011Revenue 2012: $503,882Expenses 2012: $486,992Net Income 2012: $16,8902012Expenses 2013: $476,1722013Revenue 2014: $409,425Expenses 2014: $538,346Net Income 2014: -$128,9212014Revenue 2015: $622,042Expenses 2015: $696,803Net Income 2015: -$74,7612015Revenue 2016: $1,012,730Expenses 2016: $1,032,288Net Income 2016: -$19,5582016Revenue 2017: $2,357,414Expenses 2017: $2,236,765Net Income 2017: $120,6492017Revenue 2018: $2,740,974Expenses 2018: $2,637,925Net Income 2018: $103,0492018Revenue 2019: $3,364,802Expenses 2019: $3,276,470Net Income 2019: $88,3322019Revenue 2020: $3,966,108Expenses 2020: $3,496,519Net Income 2020: $469,5892020Revenue 2021: $4,261,100Expenses 2021: $4,022,687Net Income 2021: $238,4132021Revenue 2022: $4,337,701Expenses 2022: $4,395,985Net Income 2022: -$58,2842022Revenue 2023: $4,521,104Expenses 2023: $4,718,814Net Income 2023: -$197,7102023Revenue 2024: $4,940,587Expenses 2024: $5,183,063Net Income 2024: -$242,4762024

Highlighted filing

2024

Revenue$4,940,587
Expenses$5,183,063
Net Income-$242,476

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.14$2.91$0.23$4.94$5.18$0.24
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.45$2.98$0.47$4.52$4.72$0.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.12$0.43$0.69$4.34$4.40$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$0.48$0.75$4.26$4.02$0.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.44$0.51$3.97$3.50$0.47
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.59$0.04$3.36$3.28$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.53$0.57$0.04$2.74$2.64$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.59$0.15$2.36$2.24$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.52$0.27$1.01$1.03$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.22$0.46$0.25$0.62$0.70$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.19$0.36$0.17$0.41$0.54$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.26$0.04$0.48
2012Summary only. Only limited summary data is available for this year.$0.23$0.28$0.05$0.50$0.49$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.32$0.06$0.46
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.34$0.07$0.45$0.55$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$4,940,587
Mission and Program Overview

Mission

To provide healthy living situations and productive programs for adults with intellectual and developmental disabilities.

Life needs coop, inc exists to create normal living situations and productive work opportunities for people with disablities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,133,046$2,839,405▼ $293,641
Accounts Receivable$184,980$224,924▲ $39,944
Cash and Non-Interest-Bearing Accounts$69,320$14,583▼ $54,737
Savings and Temporary Cash Investments$4,659$12,201▲ $7,542
Prepaid Expenses and Deferred Charges$9,133$1,532▼ $7,601
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,451,646$3,141,494▼ $310,152
Other Assets Total$50,508$48,849▼ $1,659
Liabilities
Other Liabilities$2,427,277$2,229,111▼ $198,166
Accounts Payable and Accrued Expenses$148,589$291,965▲ $143,376
Unsecured Notes Loans Payable$127,081$157,506▲ $30,425
Mortgage Notes Payable Secured by Investment Property$169,804$131,358▼ $38,446
Deferred Revenue$106,285$101,420▼ $4,865
Total Liabilities$2,979,036$2,911,360▼ $67,676
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$403,858$161,382▼ $242,476
Net Assets With Donor Restrictions$68,752$68,752→ $0
Total Net Assets Fund Balance$472,610$230,134▼ $242,476
Total Liabilities and Net Assets / Fund Balance$3,451,646$3,141,494▼ $310,152

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,925,765$532,453$2,458,218
Leasehold Improvements$649,293$539,971$1,189,264
Equipment$264,347$347,462$611,809
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Peter StantonExecutive DirectorFT$124,800$124,800

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$3,404,398
Program Service Revenue
$1,472,677
Investment Income
$0
Other Revenue
$63,512
All Other Contributions
$487,169
Change in Net Assets
$-242,476

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,940,587
Revenue Not Reported on Form 990
$290,000
Total Revenue per Audited Statements
$5,230,587
Total Revenue per Form 990
$4,940,587
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,539,064
Other Expenses$1,643,999
Total Fundraising Expense$129,562
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,452,477$544,057$63,701$3,060,235
Depreciation Depletion$359,485--$359,485
Occupancy$287,093$54,684-$341,777
Payroll Taxes$240,385$65,559$6,244$312,188
Fees for Services Other$19,117$129,994$42,057$191,168
Current Officers, Directors, Trustees, and Key Employees-$124,800-$124,800
Travel$100,941--$100,941
Insurance$70,557$13,440-$83,997
Other Expenses$58,229--$58,229
Interest-$53,903-$53,903
Other Employee Benefits$12,552$29,289-$41,841
All Other Expenses$37,569-$3,449$41,018
Office Expenses$5,688$13,272-$18,960
Advertising--$14,111$14,111
Total Functional Expenses$4,024,503$1,028,998$129,562$5,183,063

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,473,063
Expenses per Audited Statements$5,183,063
Total Expenses per Form 990$5,183,063
Expenses Not Reported on Form 990$290,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Nick Stanton TrustFormer E.d.RentNo$61,092
Peter Stanton TrustOwned by E.D.Program House RentalNo$41,400

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
leases payable$2,030,748
Line of Credit$198,363
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed by the board of directors at either a scheduled board meeting or via email.

Form 990, Part VI, Section B, Line 12C

It is annually reviewed and enforced.

Form 990, Part VI, Section B, Line 15A

Board of directors annually review the executive director and approve the executive director's salary

Form 990, Part VI, Section C, Line 19

Governing Docs, policies, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Life Needs Coop Inc
EIN
22-2785818
Phone
4135280506
Address
205 N PLAIN RD, GREAT BARRINGTON, MA 01230

Signing Officer

Name
Peter Stanton
Title
Executive Director
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Stanton
Formed
1986
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
8
Employees
96

Preparer

Firm
King King & Associates Cpas
Address
170 HOLABIRD AVE, WINSTED, CT 06098
Preparer
Robert E King CPA
Phone
8603790215
Raw XML AppendixShowing 400 of 550 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InsuranceGrp/TotalAmt083997
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IRS990/ProgSrvcAccomActy2Grp/Desc0DAY PROGRAM AVAILABLE MONDAY-FRIDAY FROM 9:00AM-3:00PM FOR ADULTS WITH SPECIAL NEEDS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01006126
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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0649293
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