Latham Centers INC: Nonprofit Profile, Financials & Form 990 (EIN 04-2467497)

Revenue by fiscal year
FY2020	$21.7M
FY2021	$23.6M
FY2022	$25.0M
FY2023	$28.4M
FY2024	$26.8M
FY2025	$29.5M

Expenses by fiscal year
FY2020	$21.3M
FY2021	$23.0M
FY2022	$23.3M
FY2023	$25.5M
FY2024	$26.3M
FY2025	$29.8M

Net assets by fiscal year
FY2020	$6.7M
FY2021	$7.4M
FY2022	$9.0M
FY2023	$12.0M
FY2024	$12.5M
FY2025	$12.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1978.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Part of a larger organization · Schedule R

Latham Centers INC files its own Form 990, but Schedule R discloses 5 related entities — figures on this page are for this EIN only, not the whole group.

Residential Rehabilitation Housing INC · Eagle Point INC · Weir Landing INC · Latham Centers Connecticut INC + 1 more · see all

Combined filings · FY2025 · 5 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is 92% of group revenue.

Group revenue

$32.2M

Group expenses

$32.4M

Group net assets

$14.6M

Residential Rehabilitation Housing INC · $245K rev · $1.2M net assets

Eagle Point INC · $67K rev · $225K net assets

Weir Landing INC · $57K rev · $39K net assets

Transitions Centers INC · $2.3M rev · $887K net assets

Where the money goes

81 cents of each dollar spent went to programs.

81%

18%

Program services 81% · $24.0M Management & general 18% · $5.3M Fundraising 2% · $484K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Gerald J Pouliot III

President & CEO

$192,758Pt VII · Sec A

Khanh La

Child Care Worker Awake Overnight

$190,962Pt VII · Sec A

Lee Chamberlain

VP and Chief Strategy Officer

$175,211Pt VII · Sec A

Rick Ludwig

VP of Finance/CFO

$168,376Pt VII · Sec A

Janice Holt

Registered Nurse Adults

$157,703Pt VII · Sec A

Alanna Capatummino

Direct Support Professional

$149,311Pt VII · Sec A

Stephen Lavallee

Advanced Care Residential Manager

$103,845Pt VII · Sec A

Jane Blum

Director

$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Anne McManus	—	—	$255,873	$229,845	$220,218	$212,231
Lee Chamberlain	$175,211	$193,307	$156,015	$148,066	$159,763	$140,970
Gerald J Pouliot III	$192,758	$173,424	$105,968	—	—	—
Khanh La	$190,962	$167,109	$155,806	$114,950	—	—
Colleen Sari	—	$182,338	—	—	—	—
Craig Anderson	—	$181,927	$136,879	$131,204	$141,766	$123,621
Rick Ludwig	$168,376	$148,046	$134,516	$123,685	—	—
Janice Holt	$157,703	—	—	—	—	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides residential and day services to individuals with challenges, helping them reach their potential.

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Provided by the organization

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3 programs · $23.5M · in their own filed words · FY2024

01

Latham Intensive

Provides comprehensive services for individuals aged 8 to 22 who display delayed development, emotional and behavioral disturbances, and learning disabilities.

$13.4Mprogram expense

02

Adult Services

Provides specialized residential and day services to meet the medical, behavioral, emotional, educational, and vocational needs of individuals, including those with prader-willi syndrome.

$8.7Mprogram expense

03

Shared Living

Offers foster care for adults in nurturing environments by individuals or families who open up their homes.

$1.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2025

Clune Cares Foundation INCFY2025$4K

Total grants receivedfrom 1 funder$4K

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$29.5M

Ln 12

Fees for servicesLn 2g$28.4M

Gifts and grantsLn 1h$685K

Other incomeLn 4–11$348K

Money outPt IX

$29.8M

Ln 25

Programscol B$24.0M

Managementcol C$5.3M

Fundraisingcol D$484K

Owns and owesPt X

$12.3M

net assets · Ln 32

Cash and savingsLn 1–2$1.9M

Total assetsLn 16$28.8M

LiabilitiesLn 26$16.6M

PeoplePt VI, VII

22

listed · VII A

PaidVII A7

Voting boardVI 1a15

IndependentVI 1b15

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$685K

Government grantsLn 1e$25K

Noncash giftsLn 1g$26K

Fundraising eventsLn 1c$67K

Fees for servicesLn 2g$28.4M

Investment incomeLn 3$65K

Other incomeLn 4–11$348K

Gains on assetsLn 7$10K

Total revenueLn 12$29.5M

Assets in detailPt X, end of year

CashLn 1$977K

SavingsLn 2$908K

Cash and savings togetherLn 1–2$1.9M

InvestmentsLn 11–13$1.3M

Land, buildings, equipmentLn 10c$19.6M

Other assetsLn 15$1.5M

Total assetsLn 16$28.8M

LiabilitiesLn 26$16.6M

Net assetsLn 32$12.3M

OperationsPt I, VI

EmployeesI 5356

VolunteersI 630

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$3.6M	$1.9M
InvestmentsLn 11–13	$989K	$1.3M
Land, buildings, equipmentLn 10c	$17.5M	$19.6M
Total assetsLn 16	$27.8M	$28.8M
LiabilitiesLn 26	$15.3M	$16.6M
Net assetsLn 32	$12.5M	$12.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$469K		$469K
Other salaries and wagesLn 7	$17.0M	$14.4M	$2.4M	$240K
Pension plan contributionsLn 8	$525K	$353K	$150K	$22K
Other employee benefitsLn 9	$2.4M	$1.9M	$391K	$44K
Payroll taxesLn 10	$1.7M	$1.4M	$259K	$36K
Legal feesLn 11b	$49K	$13K	$36K
Accounting feesLn 11c	$73K		$73K
Other fees for servicesLn 11g	$156K	$156K
OccupancyLn 16	$2.0M	$1.7M	$326K	$219
TravelLn 17	$358K	$337K	$21K	$946
InterestLn 20	$201		$201
Depreciation, depletion and amortizationLn 22	$827K	$679K	$148K
InsuranceLn 23	$114K	$68K	$45K
Other expenses (24a–d)Ln 24	$3.9M	$2.8M	$960K	$142K
All other expensesLn 24e	$273K	$222K	$51K
Total functional expensesLn 25	$29.8M	$24.0M	$5.3M	$484K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$29.5M	$29.8M	−$228K	$12.3M	990 PDF
FY2024	$26.8M	$26.3M	$418K	$12.5M	990 PDF
FY2023	$28.4M	$25.5M	$3.0M	$12.0M	990 PDF
FY2022	$25.0M	$23.3M	$1.7M	$9.0M	990 PDF
FY2021	$23.6M	$23.0M	$634K	$7.4M	990 PDF
FY2020	$21.7M	$21.3M	$460K	$6.7M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $29,527,845 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,033,813$685,132

I-9 Program service revenuePrior year $25,403,246$28,429,575

I-10 Investment incomePrior year $66,625$64,923

I-11 Other revenuePrior year $251,756$348,215

I-12 Total revenuePrior year $26,755,440$29,527,845

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $19,998,229$22,000,175

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $6,338,814$7,755,784

I-18 Total expensesPrior year $26,337,043$29,755,959

I-19 Revenue less expensesPrior year $418,397−$228,114

Part VI · Governance 15 of 15 board members independent, 1 to look at

VI-1a Voting members of the governing body15

VI-1b Independent voting members15

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $29,527,845 across 11 lines filed

VIII-1c Fundraising events$66,828

VIII-1e Government grants$25,000

VIII-1f All other contributions, gifts and grants$593,304

VIII-1g Noncash contributions (included above)$25,503

VIII-1h Total contributions, gifts and grants$685,132

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,429,575$28,429,575

VIII-3 Investment incomeExcluded from tax $55,001$55,001

VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,922$9,922

VIII-8 Net income from fundraising eventsExcluded from tax −$7,579−$7,579

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $355,794$355,794

VIII-12 Total revenueRelated to mission $28,785,369 · Unrelated business $0 · Excluded from tax $57,344$29,527,845

Part IX · Statement of functional expenses $29,755,959 across 15 lines filed

IX-5 Pay of current officers, directors and key staffManagement $468,703$468,703

IX-7 Other salaries and wagesPrograms $14,374,507 · Management $2,352,151 · Fundraising $239,608$16,966,266

IX-8 Pension plan contributionsPrograms $352,783 · Management $150,224 · Fundraising $22,004$525,011

IX-9 Other employee benefitsPrograms $1,940,943 · Management $391,057 · Fundraising $44,075$2,376,075

IX-10 Payroll taxesPrograms $1,369,556 · Management $258,966 · Fundraising $35,598$1,664,120

IX-11b Legal feesPrograms $12,702 · Management $36,325$49,027

IX-11c Accounting feesManagement $73,200$73,200

IX-11g Other fees for servicesPrograms $156,380$156,380

IX-16 OccupancyPrograms $1,709,901 · Management $325,986 · Fundraising $219$2,036,106

IX-17 TravelPrograms $336,728 · Management $20,792 · Fundraising $946$358,466

IX-20 InterestManagement $201$201

IX-22 Depreciation, depletion and amortizationPrograms $678,849 · Management $148,167$827,016

IX-23 InsurancePrograms $68,434 · Management $45,178$113,612

IX-24 Other expenses (24a–d)Programs $2,767,356 · Management $959,839 · Fundraising $142,021$3,869,216

IX-24e All other expensesPrograms $221,745 · Management $50,815$272,560

IX-25 Total functional expensesPrograms $23,989,884 · Management $5,281,604 · Fundraising $484,471$29,755,959

Part X · Balance sheet $28,840,017 assets, 17 lines filed

X-1 Cash, non-interest-bearingStart of year $852,423$976,811

X-2 Savings and temporary cash investmentsStart of year $2,760,947$907,655

X-3 Pledges and grants receivableStart of year $706,405$118,440

X-4 Accounts receivableStart of year $2,923,625$4,120,489

X-9 Prepaid expenses and deferred chargesStart of year $369,758$424,947

X-10c Land, buildings and equipment, netStart of year $17,505,754$19,562,950

X-11 Publicly traded securitiesStart of year $989,409$1,270,533

X-15 Other assetsStart of year $1,679,824$1,458,192

X-16 Total assetsStart of year $27,788,145$28,840,017

X-17 Accounts payable and accrued expensesStart of year $3,301,335$2,895,625

X-19 Deferred revenue$28,700

X-25 Other liabilitiesStart of year $614,125$716,736

X-26 Total liabilitiesStart of year $15,334,487$16,578,523

X-27 Net assets without donor restrictionsStart of year $7,734,980$11,233,508

X-28 Net assets with donor restrictionsStart of year $4,718,678$1,027,986

X-32 Total net assets or fund balancesStart of year $12,453,658$12,261,494

X-33 Total liabilities and net assetsStart of year $27,788,145$28,840,017

Part XI · Reconciliation of net assets $12,261,494 net assets at year end

XI-1 Total revenue$29,527,845

XI-2 Total expenses$29,755,959

XI-3 Revenue less expenses−$228,114

XI-4 Net assets at start of year$12,453,658

XI-5 Net unrealized gains (losses) on investments$35,950

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$12,261,494

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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