LADACIN NETWORK INC

EIN: 210674715 501(c)(3) Diseases & Disorders

WANAMASSA, NJ

Total Revenue
$36,943,349
Total Expenses
$35,711,497
Total Assets
$30,531,268
Net Assets
$24,802,746
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
NJ
Principal Officer
PATRICIA CARLESIMO
Phone
7324935900
Tax Period
2024-07-01 to 2025-06-30

LADACIN NETWORK INC, founded in 1952, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $36.9M in total revenue in fiscal year 2024. Expenses of $35.7M left a modest 3% surplus.

Mission

THE MISSION OF LADACIN NETWORK, A NON-PROFIT AGENCY, IS TO PROVIDE A CONTINUUM OF CARE, INCLUDING EDUCATIONAL, THERAPEUTIC, SOCIAL, RESIDENTIAL AND SUPPORT SERVICES TO INFANTS, CHILDREN, AND ADULTS WITH COMPLEX PHYSICAL AND DEVELOPMENTAL DISABILITIES OR DELAYS.

Program Service Accomplishments

Program 1
Expenses: $7,833,477 Revenue: $7,873,508

LADACIN NETWORK'S TWO STATE APPROVED PRIVATE SCHOOLS SPAN ACROSS TWO COUNTIES (MONMOUTH AND OCEAN) EXTENDING THE REACH TO MULTIPLY DISABLED STUDENTS AGES 3-21 OFFERING A UNIQUE TRANSDISCIPLINARY...

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LADACIN NETWORK'S TWO STATE APPROVED PRIVATE SCHOOLS SPAN ACROSS TWO COUNTIES (MONMOUTH AND OCEAN) EXTENDING THE REACH TO MULTIPLY DISABLED STUDENTS AGES 3-21 OFFERING A UNIQUE TRANSDISCIPLINARY APPROACH BOASTING COMPREHENSIVE MEDICAL, THERAPEUTIC, AND EDUCATIONAL SERVICES FOR A WHOLE CHILD APPROACH. SINCE 1956 THE AGENCY HAS PROGRESSIVELY ENHANCED SKILLS TO ENABLE STUDENTS TO DISCOVER AND DEVELOP INDIVIDUAL STRENGTHS AND ABILITIES USING STATE OF THE ARTS TECHNOLOGY CREATING A SPACE TO MAXIMIZE POTENTIAL. THE NJDOE FUNDING SUPPORTS EDUCATIONAL SERVICES, STAFF SALARIES, THERAPY EQUIPMENT, AND FACILITY MAINTENANCE. ADDITIONAL REVENUE IS GENERATED THROUGH DONATIONS, GRANTS, AND FUNDRAISING. LADACIN NETWORK ADHERES TO STRICT STATE GUIDELINES TO ENSURE COMPLIANCE, ACCOUNTABILITY, AND TRANSPARENCY IN FINANCIAL REPORTING, DEMONSTRATING THE ORGANIZATION'S COMMITMENT TO ITS MISSION OF IMPROVING THE LIVES OF INDIVIDUALS WITH DISABILITIES.

Program 2
Expenses: $10,200,890 Revenue: $8,500,336

OUR STATE CERTIFIED DAY HABILITATION PROGRAMS PROVIDE ADULT BASIC EDUCATION, PRE-VOCATIONAL EXPLORATION, NURSING SERVICES, SOCIAL AND RECREATIONAL OPPORTUNITIES AND SPECIALIZED TRANSPORTATION TO...

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OUR STATE CERTIFIED DAY HABILITATION PROGRAMS PROVIDE ADULT BASIC EDUCATION, PRE-VOCATIONAL EXPLORATION, NURSING SERVICES, SOCIAL AND RECREATIONAL OPPORTUNITIES AND SPECIALIZED TRANSPORTATION TO ADULTS WITH MULTIPLE PHYSICAL AND INTELLECTUAL DISABILITIES. SERVICES ARE PROVIDED IN ATTRACTIVE, BARRIER-FREE ENVIRONMENTS IN BOTH MONMOUTH AND OCEAN COUNTIES. PRE-VOCATIONAL EXPLORATION INCLUDES THE AREAS OF FOOD SERVICE AND CHILDCARE. EVALUATION AND TRAINING IN THE USE OF ASSISTIVE TECHNOLOGY IS INTEGRATED INTO THE PROGRAMS. PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH LANGUAGE THERAPY MAY BE PROVIDED AS COMPONENTS OF A TRANSDISCIPLINARY APPROACH TO SERVICE DELIVERY. ADDITIONAL FUNDING FOR THIS PROGRAM IS PROVIDED THROUGH FEDERAL GRANTS.

Program 3
Expenses: $10,591,245 Revenue: $12,982,890

RESIDENTIAL OPTIONS CONSIST OF 10 LOCATIONS, 7 GROUP HOMES, 2 SUPPORTED/SUPERVISED APARTMENTS AND 1 INDEPENDENT LIVING APARTMENT COMPLEX. LOCATED IN MONMOUTH AND OCEAN COUNTIES. THESE BARRIER FREE...

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RESIDENTIAL OPTIONS CONSIST OF 10 LOCATIONS, 7 GROUP HOMES, 2 SUPPORTED/SUPERVISED APARTMENTS AND 1 INDEPENDENT LIVING APARTMENT COMPLEX. LOCATED IN MONMOUTH AND OCEAN COUNTIES. THESE BARRIER FREE, ACCESSIBLE LOCATIONS PROVIDE 24/7 RESIDENTIAL CARE TO 89 ADULTS WITH MULTIPLE PHYSICAL, INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. PERSONAL ASSISTANT SERVICES ARE PROVIDED TO THE TENANTS IN THEIR RESIDENCE. A WHEELCHAIR EQUIPPED VEHICLE IS ALSO AVAILABLE AT EACH RESIDENCE TO ASSIST TENANTS WITH ATTENDING DAY PROGRAMS, COMMUNITY INTEGRATION ACTIVITIES, AND MEDICAL APPOINTMENTS. THESE PROGRAMS ARE SUBSIDIZED BY FUNDS AVAILABLE FROM HUD AND NJ DHS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,784,102
Program Service Revenue $34,497,192
Investment Income $417,035
Other Revenue $245,020
TOTAL REVENUE $36,943,349

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,457,865
Fundraising Expenses $339,563
Program Expenses $34,042,832
Other Expenses $5,253,632
TOTAL EXPENSES $35,711,497

Year-over-Year Comparison

2024 2023 Change
Revenue $36,943,349 $35,550,374 +0.0%
Expenses $35,711,497 $33,089,110 +0.1%
Net Income $1,231,852 $2,461,264 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
593
Volunteers
99

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$466,987
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN F BELL CPA VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
VICTOR SBAILO MEMBER 1.00
Director
$0 $0 $0
NANCY KEGELMAN EDD PRESIDENT 3.00
Officer Director
$0 $0 $0
WILLIAM COLLOPY MEMBER 1.00
Director
$0 $0 $0
CHRISTINE RUSSELL GRAY SECRETARY 3.00
Officer Director
$0 $0 $0
THOMAS F HAYES MEMBER 1.00
Director
$0 $0 $0
STEPHAN LOWY MEMBER 1.00
Director
$0 $0 $0
KANESHA JONES MEMBER 1.00
Director
$0 $0 $0
PHILIP NISBET TREASURER 3.00
Officer Director
$0 $0 $0
VINCENT J VIVONA DO JD MEMBER 3.00
Director
$0 $0 $0
KELLY SIEGFRIED MEMBER 1.00
Director
$0 $0 $0
JOEL GOLDFINGER MEMBER 1.00
Director
$0 $0 $0
CRYSTAL FITZPATRICK DIRECTOR OF FINANCE 35.00
Officer
$113,378 $14,257 $127,635
PATRICIA B CARLESIMO EXECUTIVE DIRECTOR 35.00
Officer
$279,932 $59,420 $339,352
JUDITH A HILLA SPEECH LANGUAGE PATHOLOGIST 40.00
Highest
$151,854 $8,008 $159,862
MICHELE P FINCHLER SPEECH LANGUAGE PATHOLOGIST 40.00
Highest
$133,664 $25,566 $159,230
CELESTE SMITH ASSOCIATE EXECUTIVE DIR 40.00
Highest
$174,199 $36,066 $210,265
LISA GRAUL ASSOCIATE EXECUTIVE DIR 40.00
Highest
$131,553 $50,225 $181,778
TIYAEH MEPHIBOSHETH DIRECT SUPPORT PROFESSIONAL 60.00
Highest
$118,244 $18,969 $137,213
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $36,943,349 $35,711,497 $30,531,268 $1,231,852
2024 $35,550,374 $33,089,110 $27,618,697 $2,461,264
2023 $32,275,164 $30,521,692 $24,926,387 $1,753,472
2022 $30,468,758 $26,609,108 $23,397,632 $3,859,650
2021 $28,683,732 $24,712,668 $18,550,993 $3,971,064
2020 $28,588,996 $27,248,946 $15,247,228 $1,340,050
2019 $28,102,292 $27,197,987 $14,144,671 $904,305
2018 $25,780,412 $25,805,690 $12,369,128 $-25,278
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