Civic Intelligence

Paladin Inc

EIN 35-6076798 • 501(c)3 • Michigan City, IN

Profile

Mission is to provide necessary resources to persons with disabilities in order to assist them in enhancing their daily lives. We provide habilitation services, individual support, and employment services based on individual program plans.

4315 East Michigan BlvdMichigan City, IN 46360-3199

www.paladin.care

Siviq Scores

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

Liabilities / Assets

54th percentile

0.21x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

29th percentile

0.09x

Higher debt load relative to revenue than 29% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

52nd percentile

4.9%

Higher net margin than 52% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

27th percentile

$119,147

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

83rd percentile

21%

Faster asset growth than 83% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

65th percentile

16%

Faster revenue growth than 65% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$8,533,263

Up $1,457,903 (+21%) from 2024

Liabilities

Up

$1,775,637

Up $424,838 (+31%) from 2024

Net Assets

Up

$6,757,626

Up $1,033,065 (+18%) from 2024

Revenue

Up

$20,009,425

Up $2,690,226 (+16%) from 2024

Expenses

Up

$19,024,124

Up $831,626 (+4.6%) from 2024

Net Income

Up

$985,301

Up $1,858,600 (+213%) from 2024

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2020: $8,379,244Liabilities 2020: $2,725,835Net Assets 2020: $5,653,4092020Assets 2021: $8,829,328Liabilities 2021: $1,931,211Net Assets 2021: $6,898,1172021Assets 2022: $9,460,565Liabilities 2022: $2,167,457Net Assets 2022: $7,293,1082022Assets 2023: $7,703,535Liabilities 2023: $1,174,202Net Assets 2023: $6,529,3332023Assets 2024: $7,075,360Liabilities 2024: $1,350,799Net Assets 2024: $5,724,5612024Assets 2025: $8,533,263Liabilities 2025: $1,775,637Net Assets 2025: $6,757,6262025

Highlighted filing

2025

Assets$8,533,263
Liabilities$1,775,637
Net Assets$6,757,626

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2020: $13,672,982Expenses 2020: $13,411,346Net Income 2020: $261,6362020Revenue 2021: $14,616,287Expenses 2021: $13,509,787Net Income 2021: $1,106,5002021Revenue 2022: $15,902,073Expenses 2022: $15,518,749Net Income 2022: $383,3242022Revenue 2023: $16,754,483Expenses 2023: $17,569,737Net Income 2023: -$815,2542023Revenue 2024: $17,319,199Expenses 2024: $18,192,498Net Income 2024: -$873,2992024Revenue 2025: $20,009,425Expenses 2025: $19,024,124Net Income 2025: $985,3012025

Highlighted filing

2025

Revenue$20,009,425
Expenses$19,024,124
Net Income$985,301

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 21, 2025
Return Version
2024v5.2
Gross Receipts
$20,060,055
Mission and Program Overview

Mission

Mission is to provide necessary resources to persons with disabilities in order to assist them in enhancing their daily lives. We provide habilitation services, individual support, and employment services based on individual program plans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,478,670$4,625,773▲ $1,147,103
Savings and Temporary Cash Investments$1,636,878$1,964,810▲ $327,932
Accounts Receivable$1,478,225$1,427,332▼ $50,893
Investments in Publicly Traded Securities$443,233$477,652▲ $34,419
Prepaid Expenses and Deferred Charges$29,404$30,246▲ $842
Inventories for Sale or Use$8,500$7,000▼ $1,500
Cash and Non-Interest-Bearing Accounts$450$450→ $0
Total Assets$7,075,360$8,533,263▲ $1,457,903
Liabilities
Accounts Payable and Accrued Expenses$934,729$1,162,213▲ $227,484
Deferred Revenue$91,481$369,635▲ $278,154
Mortgage Notes Payable Secured by Investment Property$317,126$227,192▼ $89,934
Other Liabilities$7,463$16,597▲ $9,134
Total Liabilities$1,350,799$1,775,637▲ $424,838
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,724,561$6,757,626▲ $1,033,065
Total Net Assets Fund Balance$5,724,561$6,757,626▲ $1,033,065
Total Liabilities and Net Assets / Fund Balance$7,075,360$8,533,263▲ $1,457,903

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,540,851$3,647,903$7,188,754
Equipment$764,325$1,420,079$2,184,404
Land$320,597-$320,597
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Steve HobbyPresident/CEOFT$119,147$119,147

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$6,118,890
Program Service Revenue
$13,748,734
Investment Income
$16,627
Other Revenue
$125,174
All Other Contributions
$1,014,887
Change in Net Assets
$985,301

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial3$403,584Fair Market Value (FMV)
Total Noncash Contributions3$403,584-

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,009,425
Revenue Not Reported on Form 990
$98,394
Total Revenue per Audited Statements
$20,107,819
Total Revenue per Form 990
$20,009,425
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,374,916
Other Expenses$4,649,208
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$11,911,629$951,848$0$12,863,477
Occupancy$1,526,429$118,071$0$1,644,500
Payroll Taxes$940,122$74,223$0$1,014,345
Insurance$375,291$68,027$0$443,318
All Other Expenses$306,781$119,182$0$425,963
Depreciation Depletion$344,326$69,147$0$413,473
Conferences and Meetings$339,776$67,089$0$406,865
Other Employee Benefits$130,340$247,607$0$377,947
Travel$354,186$767$0$354,953
Information Technology$97,241$83,182$0$180,423
Fees for Services Management$840$134,040$0$134,880
Current Officers, Directors, Trustees, and Key Employees$109,615$9,532$0$119,147
Office Expenses$78,808$13,549$0$92,357
Fees for Services Accounting$0$61,715$0$61,715
Fees for Services Legal$15,551$10,220$0$25,771
Interest$12,541$3,867$0$16,408
Other Expenses$2,303$0$0$2,303
Total Functional Expenses$16,954,341$2,069,783$0$19,024,124

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$19,074,754
Expenses per Audited Statements$19,024,124
Total Expenses per Form 990$19,024,124
Expenses Not Reported on Form 990$50,630
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$50,630
Fundraising Gross Income$10,443
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Current Liabilities$16,597
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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
Filing and Contact Details

Filer

Filer Name
Paladin Inc
EIN
35-6076798
Phone
2198744288
Address
4315 EAST MICHIGAN BLVD, MICHIGAN CITY, IN 46360-3199

Signing Officer

Name
Gretchen Kalk-castro
Title
Treasurer
Phone
2198744288
Signed
2025-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Hobby
Formed
1970
Legal Domicile
In
Voting Board Members
12
Independent Board Members
12
Employees
403
Volunteers
5

Preparer

Firm
APPLEGATE & COMPANY PC CPAs
Address
1421 S WOODLAND AVE, MICHIGAN CITY, IN 46360
Preparer
Paul E Applegate CPA
Phone
2198717880
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The treasurer of the board of directors reviews the 990 and its contents with the full board prior to its submission to the internal revenue service.

Pt VI, Line 12C

The conflict of interest statement is completed annually by board members, officers, and key employees, if applicable. The board of directors agenda includes a statement requesting submission of any changes to the original statement. If there are any, they are recorded in the minutes of the meeting and kept on file.

Pt VI, Line 15A

The president/chief executive officers performance, wages and benefits are reviewed annually through a formal process; first by the executive committee of the board of directors and then by the full board. Data provided to similar organizations is from the indiana association of rehabilitation facilities. Inarf, information from local industry, and current trends are used to determine wages for the president/ceo.

Pt VI, Line 19

The governing documents, conflict of interest statement, and the financial statements are available upon request.

Form 990, Part III, Line 4D

Transportation is provided to clients to/from 1023289. 0. 507813.

Financial Statement Notes

Pt X, Line 2

Paladin, inc. Is exempt from tax on income under section 501(c)(3) of the internal revenue code. Therefore, these statements do not include any provision for income taxes. The financial accounting standards board (fasb) issued accounting standards codification accounting for uncertainty in income taxes that clarifies the accounting and recognition for income tax positions taken or expected to be taken in the organizations income tax returns. The organization has adopted the standard and evaluates all significant tax positions as required by generally accepted accounting principles in the united states. As of june 30, 2025, the organization does not believe that it has taken any tax positions that would require the recording of any tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next twelve months. The organizations income tax filings are subject to audit by various taxing authorities and the open audit periods are 2021-2024.

Pt XI, Line 2D

Fundraising expenses $50,630

Pt XII, Line 2D

Fundraising expenses $50,630

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IRS990/GrossReceiptsAmt020060055
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IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/InformationTechnologyGrp/FundraisingAmt00
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IRS990/InformationTechnologyGrp/ProgramServicesAmt097241
IRS990/InformationTechnologyGrp/TotalAmt0180423
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt068027
IRS990/InsuranceGrp/ProgramServicesAmt0375291
IRS990/InsuranceGrp/TotalAmt0443318
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt03867
IRS990/InterestGrp/ProgramServicesAmt012541
IRS990/InterestGrp/TotalAmt016408
IRS990/InventoriesForSaleOrUseGrp/BOYAmt08500
IRS990/InventoriesForSaleOrUseGrp/EOYAmt07000
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt0477652
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0MISSION IS TO PROVIDE NECESSARY RESOURCES TO PERSONS WITH DISABILITIES IN ORDER TO ASSIST THEM IN ENHANCING THEIR DAILY LIVES. WE PROVIDE HABILITATION SERVICES, INDIVIDUAL SUPPORT, AND EMPLOYMENT SERVICES BASED ON INDIVIDUAL PROGRAM PLANS.
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IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0129076
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IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoncashContributionsAmt0458680
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IRS990/OccupancyGrp/FundraisingAmt00
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IRS990/OfficeExpensesGrp/ProgramServicesAmt078808
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0247607
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0130340
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0377947
IRS990/OtherExpensesGrp/Desc0EQUIPMENT MAINTENANCE & REPAIR
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2CLIENT PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc3BAD DEBT
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IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02718
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2217
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IRS990/OtherExpensesGrp/ProgramServicesAmt145450
IRS990/OtherExpensesGrp/ProgramServicesAmt2179198
IRS990/OtherExpensesGrp/ProgramServicesAmt32303
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IRS990/OtherExpensesGrp/TotalAmt2179415
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IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
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IRS990/OtherRevenueTotalAmt036285
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt074223
IRS990/PayrollTaxesGrp/ProgramServicesAmt0940122
IRS990/PayrollTaxesGrp/TotalAmt01014345
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029404
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt030246
IRS990/PrincipalOfficerNm0STEVE HOBBY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2621610
IRS990/ProgramServiceRevenueGrp/BusinessCd3623990
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0TITLE III REAL SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1OFFICE OF VOCATIONAL REHABILITATION
IRS990/ProgramServiceRevenueGrp/Desc2FSSA MEDICAID FEES
IRS990/ProgramServiceRevenueGrp/Desc3RESIDENTIAL FEES
IRS990/ProgramServiceRevenueGrp/Desc4MISCELLANEOUS FEES FOR SERVICE
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt061999
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt131557
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt213335079
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt352094
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4268005
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProgSrvcAccomActy2Grp/Desc0RESIDENTIAL SERVICES PROVIDES INDIVIDUALS LIVING IN THEIR HOME SETTINGS SUPERVISION AND STRUCTURE TWENTY-FOUR HOURS PER DAY. PALADIN STAFF SUPERVISE THE LIVING SITUATION AND ASSIST WITH DAILY LIVING SKILLS ACTIVITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt06471869
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt08239703
IRS990/ProgSrvcAccomActy3Grp/Desc0THE INFANT CARE PROGRAM WELCOMES LITTLE ONES FROM SIX WEEKS TO FIRST STEPS. THIS PROGRAM ASSISTS PARENTS TO RETURN TO WORK AFTER THE BIRTH OF THEIR NEWBORN. PRE-SCHOOL AND PRE-K CHILDREN CONTINUE TO LEARN SELF-CARE, EARLY LITERACY, AND INTERPERSONAL SKILLS THROUGH FUN ACTIVITIES. THREE QUALIFIED CHILD CAREGIVERS PROVIDE OPPORTUNITIES FOR THE 14 TODDLERS TO TRANSITION INTO THEIR PRESCHOOL-HOOD. CHILDREN USE ALL OF THEIR SENSES AS THEY LEARN ABOUT THE WORLD AROUND THEM. THE HEAD START PROMOTES SCHOOL READINESS FOR CHILDREN, AGES THREE TO FIVE, IN LOW-INCOME FAMILIES BY OFFERING EDUCATIONAL, NUTRITIONAL, HEALTH, SOCIAL, AND OTHER SERVICES. HEAD START PROGRAMS ENHANCE THE SOCIAL AND COGNITIVE DEVELOPMENT OF CHILDREN AND ACTIVELY ENGAGE FAMILIES IN THEIR CHILDRENS LEARNING SO THAT CHILDREN WILL BE SUCCESSFUL IN KINDERGARTEN.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt04291979
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0151192
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TRANSPORTATION IS PROVIDED TO CLIENTS TO/FROM PALADIN, INC. WHEN OTHER TRANSPORTATION IS NOT AVAILABLE. TRANSPORTATION SERVICES ARE ALSO PROVIDED TO QUALIFIED COMMUNITY INDIVIDUALS TO/FROM DOCTOR APPOINTMENTS AND QUALIFIED COMMUNITY INDIVIDUALS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01023289
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0507813
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt04733153
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt014105
IRS990/PYOtherExpensesAmt04086703
IRS990/PYOtherRevenueAmt087371
IRS990/PYProgramServiceRevenueAmt012484570
IRS990/PYRevenuesLessExpensesAmt0-873299
IRS990/PYSalariesCompEmpBnftPaidAmt014105795
IRS990/PYTotalExpensesAmt018192498
IRS990/PYTotalRevenueAmt017319199
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0985301
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt0129076
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04079499
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01636878
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01964810
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05673555
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04250472

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