Civic Intelligence

Life Management Inc.

990 • Fiscal year 2021 • EIN 22-3519521

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 04, 2023

77 Park StreetMontclair, NJ 07042

(973) 655-0300

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

0.96x

Higher debt load relative to assets than 94% of similar nonprofits.

2021 filings • NTEE P • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

19.68x

Higher debt load relative to revenue than 99% of similar nonprofits.

2021 filings • NTEE P • $50M-$100M nonprofits • Source year 2021

Net Margin

95th percentile

68%

Higher net margin than 95% of similar nonprofits.

2021 filings • NTEE P • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

7th percentile

$91,550

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2021 filings • NTEE P • $50M-$100M nonprofits • Source year 2021

Asset Growth

95th percentile

73%

Faster asset growth than 95% of similar nonprofits.

2021 filings • NTEE P • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

96th percentile

219%

Faster revenue growth than 96% of similar nonprofits.

2021 filings • NTEE P • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$54,620,732

Up $23,063,571 (+73%) from 2020

Net Assets

Up

$2,272,502

Up $1,817,599 (+400%) from 2020

Liabilities

Up

$52,348,230

Up $21,245,972 (+68%) from 2020

Revenue

Up

$2,659,436

Up $1,826,474 (+219%) from 2020

Expenses

Up

$841,837

Up $73,342 (+9.5%) from 2020

Net Income

Up

$1,817,599

Up $1,753,132 (+2719%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $285,805Liabilities 2010: $41,780Net Assets 2010: $244,0252010Assets 2011: $5,524,229Liabilities 2011: $5,311,493Net Assets 2011: $212,7362011Assets 2012: $6,274,512Liabilities 2012: $6,110,186Net Assets 2012: $164,3262012Assets 2013: $9,386,268Liabilities 2013: $9,119,364Net Assets 2013: $266,9042013Assets 2014: $10,800,558Liabilities 2014: $10,500,779Net Assets 2014: $299,7792014Assets 2015: $11,117,628Liabilities 2015: $10,783,713Net Assets 2015: $333,9152015Assets 2016: $27,216,265Liabilities 2016: $26,880,121Net Assets 2016: $336,1442016Assets 2017: $12,815,985Liabilities 2017: $12,545,021Net Assets 2017: $270,9642017Assets 2018: $13,324,726Liabilities 2018: $13,016,928Net Assets 2018: $307,7982018Assets 2019: $27,267,401Liabilities 2019: $26,876,965Net Assets 2019: $390,4362019Assets 2020: $31,557,161Liabilities 2020: $31,102,258Net Assets 2020: $454,9032020Assets 2021: $54,620,732Liabilities 2021: $52,348,230Net Assets 2021: $2,272,5022021Assets 2022: $80,451,042Liabilities 2022: $70,084,054Net Assets 2022: $10,366,9882022Assets 2023: $95,390,910Liabilities 2023: $84,155,094Net Assets 2023: $11,235,8162023Assets 2024: $98,478,864Liabilities 2024: $81,041,794Net Assets 2024: $17,437,0702024

Highlighted filing

2021

Assets$54,620,732
Liabilities$52,348,230
Net Assets$2,272,502

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $502,7932010Expenses 2011: $554,3342011Revenue 2012: $529,351Expenses 2012: $577,761Net Income 2012: -$48,4102012Revenue 2013: $669,504Expenses 2013: $566,926Net Income 2013: $102,5782013Revenue 2014: $972,247Expenses 2014: $928,795Net Income 2014: $43,4522014Revenue 2015: $1,289,557Expenses 2015: $1,255,420Net Income 2015: $34,1372015Revenue 2016: $976,510Expenses 2016: $974,281Net Income 2016: $2,2292016Revenue 2017: $647,991Expenses 2017: $713,171Net Income 2017: -$65,1802017Revenue 2018: $893,637Expenses 2018: $856,803Net Income 2018: $36,8342018Revenue 2019: $819,312Expenses 2019: $736,674Net Income 2019: $82,6382019Revenue 2020: $832,962Expenses 2020: $768,495Net Income 2020: $64,4672020Revenue 2021: $2,659,436Expenses 2021: $841,837Net Income 2021: $1,817,5992021Revenue 2022: $8,824,111Expenses 2022: $729,625Net Income 2022: $8,094,4862022Revenue 2023: $1,781,675Expenses 2023: $912,847Net Income 2023: $868,8282023Revenue 2024: $9,116,547Expenses 2024: $2,915,293Net Income 2024: $6,201,2542024

Highlighted filing

2021

Revenue$2,659,436
Expenses$841,837
Net Income$1,817,599
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 4, 2023
Return Version
2021v4.2
Gross Receipts
$2,659,436
Mission and Program Overview

Mission

To promote the quality of life for individuals vulnerable to crisis of daily living due to age, disability or socio-economic status, and foster affordable housing.

Foster low-income housing and support residents-providing advocacy in the form of social services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$31,006,066$52,842,329▲ $21,836,263
Land, Buildings, and Equipment, Net$25,000$835,000▲ $810,000
Accounts Receivable$347,990$253,077▼ $94,913
Pledges and Grants Receivable$141,197$182,833▲ $41,636
Cash and Non-Interest-Bearing Accounts$35,107$42,618▲ $7,511
Investments Other Securities$1,801$2,101▲ $300
Total Assets$31,557,161$54,620,732▲ $23,063,571
Other Assets Total$0$462,774▲ $462,774
Liabilities
Mortgage Notes Payable Secured by Investment Property$31,006,066$52,305,103▲ $21,299,037
Accounts Payable and Accrued Expenses$96,192$43,127▼ $53,065
Total Liabilities$31,102,258$52,348,230▲ $21,245,972
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$454,903$2,272,502▲ $1,817,599
Total Net Assets Fund Balance$454,903$2,272,502▲ $1,817,599
Total Liabilities and Net Assets / Fund Balance$31,557,161$54,620,732▲ $23,063,571

Asset Categories

AssetBook ValueDepreciationBasis
Land$815,000-$815,000
Equipment$20,000$25,584$45,584
Investment Program Related Org$16,021,150--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Barbara HavlikChairperson/exec. DirectorPT$91,550$91,550
Ellen ParettiVice Chairperson/ops. DirectorPT$51,019$51,019
Debra NeierTreasurerPT$2,000$2,000

Board Members and Trustees

NameTitle
Beth AlbertSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,254,653
Program Service Revenue
$404,636
Investment Income
$147
Other Revenue
$0
All Other Contributions
$831,887
Change in Net Assets
$1,817,599

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,659,436
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,659,436
Total Revenue per Form 990
$2,659,436
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$446,807
Salaries, Compensation, and Employee Benefits$395,030
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$270,031$1,334-$271,365
Other Salaries and Wages$190,974$29,627-$220,601
Current Officers, Directors, Trustees, and Key Employees$125,165$19,404-$144,569
Fees for Services Accounting$11,082$26,325-$37,407
Payroll Taxes$25,851$4,009-$29,860
Insurance$6,900$11,277-$18,177
Occupancy$15,840$960-$16,800
Office Expenses$3,806$8,635-$12,441
Depreciation Depletion-$5,000-$5,000
Travel$3,493--$3,493
Fees for Services Legal-$2,561-$2,561
Information Technology$1,352$481-$1,833
Other Expenses$1,101$7,500-$1,101
Total Functional Expenses$715,085$126,752$0$841,837

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$841,837
Total Expenses per Audited Statements$841,837
Total Expenses per Form 990$841,837
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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 A, Line 8B

There are no committees that act on behalf of the governing body.

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

The organization receives an electronic copy of the 990. The board reviews the 990 before it is filed with the irs.

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

All interestd persons are subject to the conflict-of-interest policy and shall report the possible existence of a conflict of interest for himself/herself or any other person subject to the policy. The report shall be made to the president of the organization. In the event the person in question is the president, said report shall be made to the board of directors. The minutes of the board and all committees with board-delegated powers shall contain the names of the persons who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the board's or committee's decision as to whether a conflict of interest in fact existed; the names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken.

Form 990, Part VI, Section B, Line 15

The organization's board periodically reviews and establishes the executive director's and operations director's compensation. Compensation is determined based on performance and economic factors. Periodically the board will examine the compensation of similar positions in the immediate geographic area as well as those throughout the region.

Form 990, Part VI, Section C, Line 19

The organization makes its form 990 and the financial statements available for public inspection as required under section 6104 of the internal revenue code. The organization makes its governing documents and conflict of interest policy available upon request. Interested parties should contact the executive director at 77 park street, montclair, nj 07042 to request a copy of any of the documents.

Filing and Contact Details

Filer

Filer Name
Life Management Inc
EIN
22-3519521
Phone
9736550300
Address
77 PARK STREET, MONTCLAIR, NJ 07042

Signing Officer

Name
Barbara Havlik
Title
Exec. Director
Phone
9736550300
Signed
2023-04-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Havlik-exe Dir
Formed
1997
Legal Domicile
Nj
Voting Board Members
4
Independent Board Members
2
Employees
18
Volunteers
1

Preparer

Firm
PKF O'CONNOR DAVIES LLP
Address
300 TICE BOULEVARD SUITE 315, WOODCLIFF LAKE, NJ 07677
Preparer
Garrett M Higgins
Phone
2017129800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contractor fees: program service expenses 270,031. Management and general expenses 1,334. Fundraising expenses 0. Total expenses 271,365.

Form 990, Box B, Page 1

An amended return is being filed in order to conform to the organization's december 31, 2021 financial statements. A listing of all the changes to the form 990 is as follows: 1. Page 1, line 1 updated the organization's mission statement. 2. Page 3, part iv, line 11e updated to answer to no 3. Page 11, column b, line 7 & line 13 added together from the original filed return to the amended return - line 7 is zero and line 13 $52,842,329 4. Page 11, column b, line 23 & line 25 together from the original filed return to the amended return - line 25 is zero and line $52,348,230 5. Schedule a, page 3, line 7b, row a -e - updated to correct amount from other than disqualified person and update 7c to the correct totals from 7a & 7b. 6. Schedule d, column updateddated 7b, 7c & 8 7. Schedule a, section c, line 15 updated public support percentage 8. Schedule b, no 4 - updated the name of the contributor 9. Schedule d, part viii & part x - updated to reflect the balance sheet from the financial statements & page 11 end of year balance sheet, lines: b7, b13, b23 & b25 10. Schedule r part iii & continuation updated to reflect the appropriate information & identificationiton of related organizations taxable as a partnership. 11. Schedule r, part icolumnsumn f, g & i - updated. 12. Schedule r, part v, section 1: lines 1k, 1n, 1o & 1q - updated to yes & section 2, line updated. 13. Schedule r, partvii updated.

Financial Statement Notes

PART X, LINE 2:

The organization recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the organization had no uncertain tax positions that would require financial statement recognition and/or disclosure and is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to december 31, 2018.

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IRS990/Desc0LIFE MANAGEMENT PROVIDES SOCIAL SERVICE PROGRAMS TO 13 AFFORDABLE HOUSING PROJECTS LOCATED THROUGHOUT ESSEX AND HUDSON COUNTIES. THE SERVICES PROVIDED BY LIFE MANAGEMENT INCLUDE, EDUCATIONAL, HEALTH AND FITNESS AND SOCIAL ACTIVITIES FOR BOTH ADULTS AND CHILDREN. THE SERVICES ARE FREE TO THE TENANTS OF THESE HOUSING PROJECTS AND ARE DONE THROUGH COUNSELORS AND CONSULTANTS PAID FOR BY LIFE MANAGEMENT TOTALING 1,023 HOUSEHOLDS AND APPROXIMATELY 6,000 HOURS, AS WELL AS 315 ADULT EDUCATION PROGRAMS, 264 CHILDREN'S WORKSHOPS, AND 23 HEALTH WORKSHOPS.
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IRS990/PayrollTaxesGrp/TotalAmt029860
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0141197
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0182833
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BARBARA HAVLIK-EXE DIR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0SOCIAL SERVICES INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0404636
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0404636
IRS990/ProgSrvcAccomActy2Grp/Desc0LIFE MANAGEMENT INC. PROVIDES ASSISTANCE TO 167 SENIOR CITIZENS IN THE FORM OF RESIDENTIAL MAINTENANCE PROGRAMS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0275721
IRS990/ProgSrvcAccomActy3Grp/Desc0LIFE MANAGEMENT INC. PROVIDES ASSISTANCE TO SENIOR CITIZENS AND THEIR CAREGIVERS BY INSTALLING RAMPS AND MAKING OTHER IMPROVEMENTS WHICH ALLOW FOR GREATER MOBILITY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0163596
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0427102
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt094
IRS990/PYOtherExpensesAmt0440043
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0405766
IRS990/PYRevenuesLessExpensesAmt064467
IRS990/PYSalariesCompEmpBnftPaidAmt0328452
IRS990/PYTotalExpensesAmt0768495
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0832962
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01817599
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0404636
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0829500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0829500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02254653
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0427102
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0370324
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0401938
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0269724
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03723741
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0147
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt094
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0241
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0404636
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0405766
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0448785
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0490291
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0378267
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02127745
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0147
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt094
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0241
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0203
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01408
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01611
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.60100
IRS990ScheduleA/PublicSupportPY509Pct00.96770
IRS990ScheduleA/PublicSupportTotal509Amt03517826
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt01002530
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0305288
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0342276
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0383059
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0300507
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt02333660
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0173030
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0305288
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0342276
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0383059
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0300507
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt01504160
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02659289
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0832868
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0819109
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0892229
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0647991
IRS990ScheduleA/Total509Grp/TotalAmt05851486
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02659436
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0832962
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0819312
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0893637
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0647991
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05853338
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt020000
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025584
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt045584
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0841837
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt032311280
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt14509899
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt216021150
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0MORTGAGES RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT IN LIFE MANAGEMENT IV (HINCHLIFFE STADIUM)
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2LEVERAGE LOAN TO HINCHLIFFE STADIUM
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt0815000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0815000
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02659436
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION AND/OR DISCLOSURE AND IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0835000
IRS990ScheduleD/TotalBookValueProgramRltdAmt052842329
IRS990ScheduleD/TotalExpensesPerForm990Amt0841837
IRS990ScheduleD/TotalRevenuePerForm990Amt02659436
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02659436
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0841837
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES THAT ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES AN ELECTRONIC COPY OF THE 990. THE BOARD REVIEWS THE 990 BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL INTERESTD PERSONS ARE SUBJECT TO THE CONFLICT-OF-INTEREST POLICY AND SHALL REPORT THE POSSIBLE EXISTENCE OF A CONFLICT OF INTEREST FOR HIMSELF/HERSELF OR ANY OTHER PERSON SUBJECT TO THE POLICY. THE REPORT SHALL BE MADE TO THE PRESIDENT OF THE ORGANIZATION. IN THE EVENT THE PERSON IN QUESTION IS THE PRESIDENT, SAID REPORT SHALL BE MADE TO THE BOARD OF DIRECTORS. THE MINUTES OF THE BOARD AND ALL COMMITTEES WITH BOARD-DELEGATED POWERS SHALL CONTAIN THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE BOARD'S OR COMMITTEE'S DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED; THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S BOARD PERIODICALLY REVIEWS AND ESTABLISHES THE EXECUTIVE DIRECTOR'S AND OPERATIONS DIRECTOR'S COMPENSATION. COMPENSATION IS DETERMINED BASED ON PERFORMANCE AND ECONOMIC FACTORS. PERIODICALLY THE BOARD WILL EXAMINE THE COMPENSATION OF SIMILAR POSITIONS IN THE IMMEDIATE GEOGRAPHIC AREA AS WELL AS THOSE THROUGHOUT THE REGION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS FORM 990 AND THE FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. INTERESTED PARTIES SHOULD CONTACT THE EXECUTIVE DIRECTOR AT 77 PARK STREET, MONTCLAIR, NJ 07042 TO REQUEST A COPY OF ANY OF THE DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACTOR FEES: PROGRAM SERVICE EXPENSES 270,031. MANAGEMENT AND GENERAL EXPENSES 1,334. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 271,365.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AN AMENDED RETURN IS BEING FILED IN ORDER TO CONFORM TO THE ORGANIZATION'S DECEMBER 31, 2021 FINANCIAL STATEMENTS. A LISTING OF ALL THE CHANGES TO THE FORM 990 IS AS FOLLOWS: 1. PAGE 1, LINE 1 UPDATED THE ORGANIZATION'S MISSION STATEMENT. 2. PAGE 3, PART IV, LINE 11E UPDATED TO ANSWER TO NO 3. PAGE 11, COLUMN B, LINE 7 & LINE 13 ADDED TOGETHER FROM THE ORIGINAL FILED RETURN TO THE AMENDED RETURN - LINE 7 IS ZERO AND LINE 13 $52,842,329 4. PAGE 11, COLUMN B, LINE 23 & LINE 25 TOGETHER FROM THE ORIGINAL FILED RETURN TO THE AMENDED RETURN - LINE 25 IS ZERO AND LINE $52,348,230 5. SCHEDULE A, PAGE 3, LINE 7B, ROW A -E - UPDATED TO CORRECT AMOUNT FROM OTHER THAN DISQUALIFIED PERSON AND UPDATE 7C TO THE CORRECT TOTALS FROM 7A & 7B. 6. SCHEDULE D, COLUMN UPDATEDDATED 7B, 7C & 8 7. SCHEDULE A, SECTION C, LINE 15 UPDATED PUBLIC SUPPORT PERCENTAGE 8. SCHEDULE B, NO 4 - UPDATED THE NAME OF THE CONTRIBUTOR 9. SCHEDULE D, PART VIII & PART X - UPDATED TO REFLECT THE BALANCE SHEET FROM THE FINANCIAL STATEMENTS & PAGE 11 END OF YEAR BALANCE SHEET, LINES: B7, B13, B23 & B25 10. SCHEDULE R PART III & CONTINUATION UPDATED TO REFLECT THE APPROPRIATE INFORMATION & IDENTIFICATIONITON OF RELATED ORGANIZATIONS TAXABLE AS A PARTNERSHIP. 11. SCHEDULE R, PART ICOLUMNSUMN F, G & I - UPDATED. 12. SCHEDULE R, PART V, SECTION 1: LINES 1K, 1N, 1O & 1Q - UPDATED TO YES & SECTION 2, LINE UPDATED. 13. SCHEDULE R, PARTVII UPDATED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, BOX B, PAGE 1
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd11
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd21
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0LIFE MANAGEMENT INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1LIFE MANAGEMENT INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt2LIFE MANAGEMENT INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0810691062
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1223519521
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN2862100820
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct11.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct21.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0LOW INCOME HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1LOW INCOME HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2LOW INCOME HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0LIFE MANAGEMENT II LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1LIFE MANAGEMENT III LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2LIFE MANAGEMENT IV LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt0100
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt1101
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt24509899
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt04509899
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt077 PARK STREET 2ND FLOOR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt177 PARK STREET 2ND FLOOR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt277 PARK STREET 2ND FLOOR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0MONTCALIR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1MONTCALIR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm2MONTCALIR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd2NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd007042
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd107042
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd207042
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0LIFE MANAGEMENT INC

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$98.5$81.0$17.4$9.12$2.92$6.20
2023Detailed filing. Detailed filing data is available for this year.$95.4$84.2$11.2$1.78$0.91$0.87
2022Detailed filing. Detailed filing data is available for this year.$80.5$70.1$10.4$8.82$0.73$8.09
2021Detailed filing. Detailed filing data is available for this year.$54.6$52.3$2.27$2.66$0.84$1.82
2020Detailed filing. Detailed filing data is available for this year.$31.6$31.1$0.45$0.83$0.77$0.06
2019Detailed filing. Detailed filing data is available for this year.$27.3$26.9$0.39$0.82$0.74$0.08
2018Detailed filing. Detailed filing data is available for this year.$13.3$13.0$0.31$0.89$0.86$0.04
2017Summary only. Only limited summary data is available for this year.$12.8$12.5$0.27$0.65$0.71$0.07
2016Detailed filing. Detailed filing data is available for this year.$27.2$26.9$0.34$0.98$0.97$0.00
2015Detailed filing. Detailed filing data is available for this year.$11.1$10.8$0.33$1.29$1.26$0.03
2014Detailed filing. Detailed filing data is available for this year.$10.8$10.5$0.30$0.97$0.93$0.04
2013Detailed filing. Detailed filing data is available for this year.$9.39$9.12$0.27$0.67$0.57$0.10
2012Summary only. Only limited summary data is available for this year.$6.27$6.11$0.16$0.53$0.58$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.52$5.31$0.21$0.55
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.04$0.24$0.50