INDEPENDENT LIVING CENTER OF THE H… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Principal Officer

DENISE FIGUEROA

Phone

5182740701

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENT LIVING CENTER OF THE HUDSON VALLEY INC, founded in 1988, is a community nonprofit in the Human Services sector that reported $9.3M in total revenue in fiscal year 2024. Expenses of $8.4M left a modest 10% surplus.

Mission

THE CENTER TEACHES AND PROMOTES INDEPENDENCE, EQUALITY AND DIGNITY IN EMPLOYMENT, EDUCATION, SOCIAL OPPORTUNITIES, TRANSPORTATION AND ALL OTHER AREAS OF LIFE FOR INDIVIDUALS WITH DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $3,860,517 Revenue: $4,305,634

CDPAP SERVICES - PROVIDE SERVICES TO PERSONS WITH DISABILITIES, WHICH IS PART OF THE OVERALL MISSION OF THE CENTER, TO TEACH AND PROMOTE INDEPENDENCE OF THE INDIVIDUAL IN LEADING A FULL LIFE.

Program 2

Expenses: $1,804,870

INDEPENDENT LIVING CENTER SERVICES - THE CENTER OPERATES AN INDEPENDENT LIVING CENTER PROGRAM UNDER AN AGREEMENT WITH THE NEW YORK STATE EDUCATION DEPARTMENT OFFICE OF ADULT CAREERS AND CONTINUING...

INDEPENDENT LIVING CENTER SERVICES - THE CENTER OPERATES AN INDEPENDENT LIVING CENTER PROGRAM UNDER AN AGREEMENT WITH THE NEW YORK STATE EDUCATION DEPARTMENT OFFICE OF ADULT CAREERS AND CONTINUING EDUCATION SERVICES (ACCESS VR) VOCATIONAL REHABILITATION. ADDITIONALLY, THE CENTER PROVIDES ADVOCACY, INDEPENDENT LIVING SKILLS, PEER COUNSELING PROGRAMS AND HOME HEALTH SERVICES AMONG OTHERS.

Program 3

Expenses: $2,525,563 Revenue: $2,919,047

VA SERVICES - PROVIDE MEDICAL SERVICES AND/OR EXTENDED CARE SERVICES TO VETERANS AS AUTHORIZED BY THE DEPARTMENT OF VETERAN AFFAIRS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,020,871

Program Service Revenue $7,224,681

Investment Income $82,939

Other Revenue $6,188

TOTAL REVENUE $9,334,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,735,108

Fundraising Expenses $91

Program Expenses $8,190,950

Other Expenses $670,900

TOTAL EXPENSES $8,406,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,334,679	$8,688,131	+0.1%
Expenses	$8,406,008	$7,437,106	+0.1%
Net Income	$928,671	$1,251,025	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

422

Volunteers

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

Total Directors

$112,481

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE FIGUEROA	EXECUTIVE DI	40.00	Director	$99,395	$13,086	$112,481
BARBARA DEVORE	PRESIDENT	2.00	Officer Director	$0	$0	$0
BOB BOEHLERT	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MARK RABINOW	TREASURER	2.00	Officer Director	$0	$0	$0
ANDREA ANTHONY	SECRETARY	2.00	Officer Director	$0	$0	$0
RICHARD STARK	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN THAPA ESQ	DIRECTOR	1.00	Director	$0	$0	$0
SEAN TURLEY	DIRECTOR	1.00	Director	$0	$0	$0

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
2024	$9,334,679	$8,406,008	$6,698,314	$928,671
2023	$8,688,131	$7,437,106	$5,692,139	$1,251,025
2022	$7,589,644	$6,955,224	$4,499,297	$634,420
2021	$6,605,156	$5,818,384	$3,757,163	$786,772
2020	$6,126,552	$5,213,324	$3,284,970	$913,228
2020	$6,126,553	$5,213,325	$3,284,970	$913,228
2019	$4,589,287	$4,344,003	$2,475,214	$245,284
2018	$3,706,383	$3,421,657	$2,149,512	$284,726

INDEPENDENT LIVING CENTER OF THE HUDSON VALLEY INC