MEANINGFUL NY INITIATIVES FOR PEOPLE WITH DISABILITIES INC

EIN: 471554380 501(c)(3) Human Services

MIDDLETOWN, NY

Total Revenue
$23,800,746
Total Expenses
$24,093,118
Total Assets
$8,024,105
Net Assets
$2,373,166
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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
2014
Legal Domicile
NY
Principal Officer
RONALD J COLAVITO
Phone
9294091027
Tax Period
2024-01-01 to 2024-12-31

MEANINGFUL NY INITIATIVES FOR PEOPLE WITH DISABILITIES INC, founded in 2014, is a mid-sized nonprofit in the Human Services sector that reported $23.8M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION IS TO HELP PEOPLE LIVE THE HEALTHIEST AND FULLEST LIVES POSSIBLE, AND OUR FIRST PRIORITY IS THOSE WHO LIVE WITH THE CHALLENGES ASSOCIATED WITH DEVELOPMENTAL DISABILITIES TO SELF-DIRECT THEIR SUPPORTS AND SUCCEED IN EMPLOYMENT.

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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 $0
Program Service Revenue $23,800,746
Investment Income $0
Other Revenue $0
TOTAL REVENUE $23,800,746

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,998,085
Fundraising Expenses $0
Program Expenses $22,086,415
Other Expenses $9,095,033
TOTAL EXPENSES $24,093,118

Year-over-Year Comparison

2024 2023 Change
Revenue $23,800,746 $16,800,495 +0.4%
Expenses $24,093,118 $16,240,052 +0.5%
Net Income $-292,372 $560,443 -1.5%
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

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Governance

Voting Members
20
Independent Members
20
Employees
720
Volunteers
20

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
$765,556
Total Directors
19
$0
Key Employees
2
$572,031
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS J BUCHANAN CHAIRPERSON 1.00
Officer Director
$0 $0 $0
ELIZABETH O'HALLORAN VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
JOHN P FINNERAN JR TREASURER 1.00
Officer Director
$0 $0 $0
TODD A KELSON ESQ IMMEDIATE PAST CHAIR 1.00
Director
$0 $0 $0
MITZI AMBROSE-WASHINGTON SECRETARY 1.00
Officer Director
$0 $0 $0
FRANK DESIERVO DIRECTOR - LEAVE OF ABSENC 1.00
Director
$0 $0 $0
MELISSA DEWITT DIRECTOR 1.00
Director
$0 $0 $0
JOHN GUATTERY DIRECTOR 1.00
Director
$0 $0 $0
FRANK HARITON DIRECTOR 1.00
Director
$0 $0 $0
GLEN HELLER DIRECTOR (BOARD LEAVE OF A 1.00
Director
$0 $0 $0
DANIEL B HULSE DIRECTOR 1.00
Director
$0 $0 $0
CHERYL SANZA DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW SEARLES DIRECTOR 1.00
Director
$0 $0 $0
RICHARD E SMITH DIRECTOR 1.00
Director
$0 $0 $0
CHERYL MARSH DIRECTOR 1.00
Director
$0 $0 $0
MAUREEN CRUSH DIRECTOR 1.00
Director
$0 $0 $0
CARMEL VOBIS DIRECTOR 1.00
Director
$0 $0 $0
GREGORY DOWLING DIRECTOR 1.00
Director
$0 $0 $0
DEAN SCHER DIRECTOR 1.00
Director
$0 $0 $0
RONALD J COLAVITO PRESIDENT & CEO 5.00
Officer
$0 $60,368 $465,794
MAUDE ROSADO CHIEF FINANCIAL OFFICER 5.00
Officer
$0 $38,811 $299,762
NAIM KORCA CHIEF PROGRAM OFFICER 5.00
Key Emp
$0 $36,897 $284,696
ANGELA WOODS CHIEF ADMIN OFFICER 5.00
Key Emp
$0 $37,239 $287,335
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 $23,800,746 $24,093,118 $8,024,105 $-292,372
2023 $16,800,495 $16,240,052 $5,996,952 $560,443
2022 $14,454,088 $14,358,048 $4,946,065 $96,040
2021 $12,518,921 $10,997,448 $4,277,275 $1,521,473
2020 $11,611,031 $11,074,124 $2,513,249 $536,907
2019 $8,095,151 $8,725,346 $1,498,798 $-630,195
2018 $2,643,894 $3,602,637 $956,142 $-958,743
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