2024-03-25T12:42:18-07:00 2023-06-30 202571677 CORLISS & SOLOMON PLLC 242 CHARLOTTE ST SUITE 1 ASHEVILLE NC 28801 990 2022-07-01 561562650 Liberty Corner Enterprises Inc LIBE 8282549917 119 Tunnel Road Asheville NC 28805 Jennifer Waite Executive Director 8282549917 2024-03-22 true Jennifer Waite true Todd Oldenburg P02281691 8282360206 2024-03-25 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Jennifer Waite 119 Tunnel Rd Suite 120 Asheville NC 28805 3805223 false X lcewnc.org X 1987 NC Liberty Corner Enterprises (LCE) is dedicated to supporting persons with developmental disabilities in their quest to achieve human dignity through living, working and playing in the homes, job and neighborhoods of their choice. 5 5 107 0 0 0 168993 104038 3622248 3700768 623 117 870 300 3792734 3805223 0 0 3022033 2955288 0 0 1080667 930507 4102700 3885795 -309966 -80572 1219013 1355932 503929 577761 715084 778171 LCE is an independent non-profit organization dedicated to supporting persons with developmental disabilities in their quest to achieve human dignity through living, working and playing in the homes, job and neighborhoods of their choice. false false 3053686 0 3700768 Liberty Corner Enterprises has grown to provide an array of services to assist individuals with intellectual / developmental disablilties to live their best life. These supports and services include: Supported Living Supervised Living Alternative Family Living. Community Activities Supported Employment More than 50 individuals are served on an annual basis. 3053686 true true false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 7 0 true 107 true false false false false false false false false false false false false X 5 5 false false false false false false false true true false false true true true true true true true false false NC X X Katherine Van Horne 8282549917 119 Tunnel Rd Suite 120 Asheville NC 28805 Greta Byrd Prior ED through December 31 40.00 X 81142 0 56 Jennifer Waite Executive Director 40.00 X 0 0 0 James Wilde President 0.33 X X 0 0 0 Eva Farren Secretary/Treasurer 0.25 X X 0 0 0 Ray Hemachandra Director 0.25 X 0 0 0 Karen Gray Director 0.25 X 0 0 0 Billy Morrissey Director 0.25 X 0 0 0 81142 0 56 false false false 91475 12563 104038 Residential Support 624200 3611584 0 0 Supportive Services 624200 89184 0 0 3700768 117 0 117 Other Income 900099 300 300 0 0 300 3805223 3701068 0 117 122126 100705 21421 0 2624154 2163884 460270 0 209008 177127 31881 0 19940 0 19940 0 137191 104389 32802 0 34013 987 33026 0 28464 6400 22064 0 37990 26903 11087 0 210327 165925 44402 0 65703 52532 13171 0 1021 0 1021 0 1425 1425 0 0 67380 67380 0 0 62232 43632 18600 0 Food 76751 76751 0 0 Housekeeping and Supplies 22259 22259 0 0 Pharmacy and Medicine 25598 25598 0 0 Other Supplies 10733 10733 0 0 129480 7056 122424 0 3885795 3053686 832109 0 85154 42506 452392 403650 3792 20298 163509 282318 45083 42190 909979 505941 469083 404038 0 160932 1219013 1355932 179262 214675 29789 24443 294878 338643 503929 577761 X 679879 742966 35205 35205 715084 778171 1219013 1355932 -80572 143659 X false true X true false X 0 0 34621 77227 653087 168993 104038 1037966 2791041 3161813 3516146 3622248 3700768 16792016 0 0 2825662 3239040 4169233 3791241 3804806 17829982 0 639288 639288 639288 639288 17190694 52 89 118 123 117 499 52 89 118 123 117 499 17830481 0.96410 0.96220 0.00000 0.00010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 60000 60000 466437 231386 235051 61491 47378 14113 322051 227177 94874 404038 Right-of-Use Assets 160932 160932 ACA Compliance Penalty 174011 Lease Liability 164632 338643 X 3805223 3805223 3805223 3885795 3885795 3885795 Pt X, Line 2 LCE is exempt from federal income taxes under 501(c)(3) of the Internal Revenue Code. Under the Code, however, income from certain activities not related to an organization's tax-exempt purpose may be subject to taxation as unrelated business income. LCE had no income from unrelated business activities during the 2022-23 fiscal year and was, therefore, not required to file Federal Form 990-T (Exempt Organization Business Income Tax Return). LCE believes that it has appropriate support for all tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. Pt VI, Line 11b The 990 is prepared by a CPA firm. The form 990 is distributed to the governing board in advance of a board meeting in which the board reviews and approves the tax return prior to filing Pt VI, Line 12c Staff and board members must disclose conflicts of interest in written form on a annual basis Pt VI, Line 15a Comparisons to similar positions in the Buncombe county area as well as the non-profit field were made to determine salaries. Additionally, the outside recruiting organization used for the executive director position worked with the board to determine the salary range for that position. Pt VI, Line 19 The Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. The Forms 990 are available on the websites of many charity watchdog organizations. Other During the audit, it was determined that the ACA Compliance Liability was overstated in the prior year audit in error. The effect of this adjustment was to increase the net assets without donor restrictions balance by $143,659 and decrease the ACA Compliance Liability balance by $143,659 as of June 30, 2022. WNCCHS Marne Road Group Home 62 Marne Road Asheville NC 28803 562000850 Housing for Disabled NC 501(c)(3) 509(a)(2) Liberty Corner Enterprises true false false false false false false false false false false false false false false false false false false false