Paramus, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)New Concepts for Living Inc, founded in 1986, is a mid-sized nonprofit that reported $34.3M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.9M, a strong 17% operating margin.
NEW CONCEPTS IS A COMMUNITY NON-PROFIT ORGANIZATION COMMITTED TO PEOPLE WITH DISABILITIES AND THEIR FAMILIES. (SEE SCHEDULE O ATTACHMENT FOR DETAIL)
Housing -. New Concepts for Living (NCFL) offers Community and Medically Supportive Residences (Group Homes) and provides individuals with a safe and nurturing environment. Our Community Residences...
Housing -. New Concepts for Living (NCFL) offers Community and Medically Supportive Residences (Group Homes) and provides individuals with a safe and nurturing environment. Our Community Residences, located throughout northern New Jersey, are designed for adults with intellectual and developmental disabilities (I/DD). These residences provide a family environment and enable each individual to reach their full potential. Our modern, well-maintained homes are ideal for adults who need assistance with everyday tasks and require 24-hour supervision. Support with activities of daily living is tailored to the individual's needs. Housemates with similar needs and challenges enjoy living among their peers in a nurturing, warm environment. Each resident has their own private bedroom to personalize and enjoy. All homes provide ample communal areas where residents and staff enjoy activities and meals together. Family members and guardians are encouraged to visit their loved ones and become part of the NCFL family. NCFL currently has 18 homes throughout the county and will be opening four additional community residences in 2025.
Adult Achievement Centers - Include a Day Program in Paramus and Rochelle Park. In the Late 1990s, New Concepts for Living (NCFL) opened its first Achievement Center with the goal of providing day...
Adult Achievement Centers - Include a Day Program in Paramus and Rochelle Park. In the Late 1990s, New Concepts for Living (NCFL) opened its first Achievement Center with the goal of providing day program services to individuals with intellectual and developmental disabilities (I/DD). Today, our locations in Paramus and Rochelle Park provide an unmatched activities calendar, unsurpassed, well-rounded skills training areas, including mock bedroom, full-service laundry, kitchen and computer lab. Our Paramus facility even has a supermarket. Our 81,500 Sq Ft facility in Paramus also offers Occupational, Physical and Speech therapies and on-site behavioral and nursing services are provided. Day Program participants of all abilities have the opportunity to take part in a variety of activities such as volleyball, basketball, bowling, exercise classes, yoga and meditation, dance classes, math and reading skills, and more. Other activities, including karaoke, arts & crafts, board and video games, and team-building exercises are also included to help stimulate the mind, increase social and motor skills, and develop imagination. In addition to these activities, our day program incorporates a variety of field trips for our participants. In the past, we've taken trips to the Statue of Liberty, Rockefeller Center, Spirit of NJ Cruise, Point Pleasant Boardwalk, NY Mets games, and more.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $34,262,583 | $26,483,784 | +0.3% |
| Expenses | $28,386,471 | $20,832,971 | +0.4% |
| Net Income | $5,876,112 | $5,650,813 | +0.0% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| STEVE SETTEDUCATI | Chief Executive Officer | 70.0 |
Officer
Director
|
$449,471 | $49,955 | $499,426 |
| Gus Loukas | Chief Financial Officer | 55.0 |
Officer
|
$284,768 | $6,061 | $290,829 |
| DANIEL MIHALINEC | DIRECTOR of Facilities | 45.0 |
Highest
|
$235,385 | $0 | $235,385 |
| SHARON SCIMECA | DIRECTOR OF DEVELOPMENT | 45.0 |
Highest
|
$191,000 | $0 | $191,000 |
| Debra Tonyes | DIRECTOR OF RESIDENTIAL SERVIC | 45.0 |
Highest
|
$184,823 | $6,061 | $190,884 |
| Athanasio Rizas | Director of IT | 45.0 |
Highest
|
$182,693 | $0 | $182,693 |
| ANTHONY SETTEDUCATI JR | DIRECTOR OF HUMAN RESOURCES | 45.0 |
Highest
|
$155,467 | $11,463 | $166,930 |
| WILLIAM SMITH | Chairman/Trustee | 5.0 |
Officer
Director
|
$0 | $0 | $0 |
| MARK ORECCHIO | Vice ChairmAN/Trustee | 5.0 |
Officer
Director
|
$0 | $0 | $0 |
| Paster ANTHONY IOVINE | SECRETARY/Trustee | 5.0 |
Officer
Director
|
$0 | $0 | $0 |
| Gennaro Rotella | TREASURER/Trustee | 5.0 |
Officer
Director
|
$0 | $0 | $0 |
| Dan Corcoran | Trustee | 1.0 |
Director
|
$0 | $0 | $0 |
| David Aboudi | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| Joseph Voytus | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| Linda Wasserstein | Trustee | 1.0 |
Director
|
$0 | $0 | $0 |
| Lisa Babin | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| Richard Ackley Jr | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| Ron Krauskopf | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $34,262,583 | $28,386,471 | $61,405,491 | $5,876,112 |
| 2023 | $26,483,784 | $20,832,971 | $52,308,093 | $5,650,813 |
| 2022 | $22,570,388 | $16,204,486 | $43,680,911 | $6,365,902 |
| 2021 | $21,424,221 | $13,746,249 | $22,213,082 | $7,677,972 |
| 2020 | $17,388,975 | $12,305,640 | $15,183,280 | $5,083,335 |
| 2019 | $13,509,371 | $11,525,807 | $9,896,560 | $1,983,564 |
| 2018 | $10,807,065 | $9,287,816 | $7,716,224 | $1,519,249 |
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