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 ENABLES PEOPLE TO REALIZE THEIR DREAMS AND TO ACHIEVE their individual potential through QUALITY COMMUNITY PROGRAMS AND services.
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
Financial Distress Indicator
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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