Nonprofit · EIN 13-3620577
LIFE ADJUSTMENT CENTER INC
Tax-exempt · NEW YORK, NY 10018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $13,237,892 | $12,892,143 | $345,749 | $8,578,226 | $4,642,773 | $3,935,453 |
| June 30, 2024 | 990 | $11,767,017 | $12,262,019 | -$495,002 | $9,365,741 | $5,776,037 | $3,589,704 |
| June 30, 2023 | 990 | $12,736,697 | $12,015,698 | $720,999 | $8,800,146 | $4,715,440 | $4,084,706 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $13,142,923
- Investment income
- $26,314
- Other revenue
- $68,655
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $645,303
- Other salaries and wages
- $6,613,735
- Salaries, compensation and benefits (total)
- $8,673,362
- Professional fundraising fees
- $0
- Legal fees
- $49,443
- Accounting fees
- $92,922
- Occupancy
- $1,822,913
- Travel
- $15,950
- Depreciation
- $199,921
- Program services (functional)
- $11,299,127
- Management and general (functional)
- $1,593,016
Balance sheet and other
- Total assets, start of year
- $9,365,741
- Total assets, end of year
- $8,578,226
- Total liabilities, end of year
- $4,642,773
- Net assets, end of year
- $3,935,453
- Land, buildings and equipment
- $1,146,793
- Net assets without donor restrictions
- $3,935,453
- Gross receipts
- $13,237,892
- Employees
- 205
- Volunteers
- 0
- Year formed
- 1991
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SETH BRESSMAN | FORMER DIRECTOR OF FINANCE Highest-paid employee | 40 | $265,607 | $11,083 |
| ANGELA WALDRON | RESIDENTIAL COORDINATOR Key employee | 40 | $179,130 | $7,380 |
| ALEX CORONEOS | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $173,929 | $8,174 |
| GARY MCKAY | BOARD PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ERIC FOODIM | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| NYDIA MENDEZ | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| FRED ROMERO | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| CONSTANCE BROWN BELLAMY | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEORGE SANTANA | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR ANTHONY LECHICH | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| TINA VEALE | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SETH BRESSMAN | DIRECTOR OF FINANCE Highest-paid employee | 40 | $219,540 | $61,801 |
| ANGELA WALDRON | RESIDENTIAL COORDINATOR Key employee | 40 | $155,665 | $33,204 |
| ALEX CORONEOS | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $156,461 | $20,314 |
| GARY MCKAY | BOARD PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ERIC FOODIM | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| NYDIA MENDEZ | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| FRED ROMERO | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| CONSTANCE BROWN BELLAMY | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEORGE SANTANA | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR ANTHONY LECHICH | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| TINA VEALE | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SETH BRESSMAN | DIRECTOR OF FINANCE Officer | 40 | $221,643 | $66,504 |
| ANGELA WALDRON | RESIDENTIAL COORDINATOR Highest-paid employee | 40 | $138,277 | $50,761 |
| ALEX CORONEOS | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $133,655 | $11,432 |
| YURI C FEYNBERG | FORMER EXECUTIVE DIRECTOR Trustee or director | 40 | $136,250 | $0 |
| GARY MCKAY | BOARD PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ERIC FOODIM | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| PATRICK FINN | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| NYDIA MENDEZ | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| FRED ROMERO | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| CONSTANCE BROWN BELLAMY | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEORGE SANTANA | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR ANTHONY LECHICH | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1430 BROADWAY RM 501, NEW YORK, NY 10018-9221
- Principal officer (990 for 2024)
- ALEX CORONEOS, 1430 BROADWAY 501, NEW YORK, NY 100189221
- Signed the 990
- ALEX CORONEOS, EXEC DIRECT
- Phone
- (212) 938-1223
- Website
- LIFEADJUSTMENTCENTER.COM
- Return prepared by
- PRAGER METIS CPAS LLC
Mission
THE MISSION OF THE LIFE ADJUSTMENT CENTER (LAC) IS TO OPTIMIZE THEQUALITY OF LIFE FOR THE DEVELOPMENTALLY DISABLED CHILDREN AND ADULTPOPULATION AND THEIR FAMILIES BY PROVIDING QUALITY, STATE-OF-THE-ARTHEALTH CARE SERVICES, IN A CHANGING AND CHALLENGING ENVIRONMENT.
Program accomplishments
- RESIDENTIAL CARE - PROVIDER OF RESIDENTIAL CLINICAL SUPPORT AND SERVICES TO THE DEVELOPMENTALLY DISABLED INDIVIDUALS.Expenses $7,003,349 · revenue $8,859,048
- DAY HABILITATION - PROVIDES ASSISTANCE WITH ACQUIRING, RETAINING ANDIMPROVING SELF HELP SOCIALIZATION & ADAPTIVE SKILLS IN A SETTING OTHERTHAN A PERSON'S RESIDENCE.Expenses $2,456,682 · revenue $2,577,305
- COMMUNITY HABILITATION AND GROUP COMMUNITY HABILITATION/RESIDENTIAL - PROVIDES ASSISTANCE WITH ACQUIRING, RETAINING AND IMPROVING SKILLS IN THE ACTIVITIES OF DAILY LIVING AT A RESIDENCE.Expenses $312,956 · revenue $473,896
- EARLY CHILDHOOD SERVICESExpenses $1,526,140 · revenue $1,232,674
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3620577
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B28Z)
- Assets (IRS master file)
- $8,578,226
- Income (IRS master file)
- $13,237,892
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $13,237,892 | $12,892,143 | $8,578,226 | XML |
| 990 | June 2024 | $11,767,017 | $12,262,019 | $9,365,741 | XML |
| 990 | June 2023 | $12,736,697 | $12,015,698 | $8,800,146 | XML |
| 990 | June 2022 | $11,776,959 | $11,202,597 | $6,341,368 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3620577).
Questions about LIFE ADJUSTMENT CENTER INC
- What is the EIN of LIFE ADJUSTMENT CENTER INC?
- The employer identification number (EIN) of LIFE ADJUSTMENT CENTER INC is 13-3620577.
- Is LIFE ADJUSTMENT CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to LIFE ADJUSTMENT CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIFE ADJUSTMENT CENTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LIFE ADJUSTMENT CENTER INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIFE ADJUSTMENT CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LIFE ADJUSTMENT CENTER INC?
- The 990 for the year ended June 30, 2025 names ALEX CORONEOS.
- Who are the officers and directors of LIFE ADJUSTMENT CENTER INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 3 received compensation from the organization, the highest $265,607 (SETH BRESSMAN, FORMER DIRECTOR OF FINANCE).
- How much revenue does LIFE ADJUSTMENT CENTER INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $13,237,892, expenses of $12,892,143 and total assets of $8,578,226 at year end.
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