Cds Monarch INC FY2022 filing

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Cds Monarch assists people with intellectual and developmental disabilities to live and thrive in their communities by delivering high-quality, personalized life planning and transition support.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$704K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.9M a year · 3% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$704K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $52K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$17.8M
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$62.5M
+20% vs prior year
Spent
$61.2M
To programs
91%
Net assets
$32.3M
By yearFY2020–FY2024
Revenue
$62.5M
FY2022▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2020$46.5M
FY2021$52.1M
FY2022$62.5M
FY2023$54.7M
FY2024$58.8M
Expenses
$61.2M
FY2022▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$42.9M
FY2021$50.3M
FY2022$61.2M
FY2023$54.6M
FY2024$56.1M
Net assets
$32.3M
FY2022▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$28.7M
FY2021$30.7M
FY2022$32.3M
FY2023$32.5M
FY2024$34.6M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1978.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $56.0M Management & general 9% · $5.2M

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; $704K paid to officers and key staff.

Part VII, Section A · reportable compensation
Direct Support Professional
$152,780Pt VII · Sec A
Director of Pharmacy
$143,336Pt VII · Sec A
Direct Support Professional
$137,259Pt VII · Sec A
Program Assistant
$136,465Pt VII · Sec A
Licensed Practical Nurse
$134,609Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Joan Chambers’s $166K as Direct Support Professiona is at the 28th percentile of top reported officer pay among 3122 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2023FY2022FY2021FY2020
Andrew Sewnauth———$36,297$217,144
Joan Chambers$166,423—$152,780$103,812—
Lucas Miller$147,231$143,821$143,336——
Velma Jean Handy$141,193————
Velma Handy—$133,630$137,259——
James Garofalo——$136,465——
Brenda Williams—$115,553$134,609——
Detoya McCoy$133,326————

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.

See Cds Monarch INC executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps people with disabilities live and thrive by providing personalized life planning and transition support.

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3 programs · $43.9M · in their own filed words · FY2022
01

Residential program for developmentally disabled adults provides living, working, and socialization in the community. Number served is 221.

$24.0Mprogram expense
02

Employment programs for developmentally disabled adults provides employment, job training, and placement services. Number served is 191.

$11.4Mprogram expense
03

Day habilitation program for developmentally disabled adults provides life skills, education, training and therapy. Number served is 272.

$8.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
SourceamericaFY2024$12K
Total grants receivedfrom 3 funders$52K
See all 3 funders →
Grants paid · 9 grants · $7.7M · 2020–2024
Cds Life Transitions INCNY · FY2024$56,000
Cds Wolf Foundation INCNY · FY2024$46,744
Cds Life Transitions INCNY · FY2023$175,100
Cds Wolf Foundation INCNY · FY2023$36,431
Cds Wolf Foundation INCNY · FY2022$1,256,781
Cds Wolf Foundation INCNY · FY2021$5,562,642
Cds Wolf Foundation INCNY · FY2020$564,462

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$62.5M
Ln 12
Fees for servicesLn 2g$61.8M
Other incomeLn 4–11$289K
Gifts and grantsLn 1h$225K
Money outPt IX
$61.2M
Ln 25
Programscol B$56.0M
Managementcol C$5.2M
Owns and owesPt X
$32.3M
net assets · Ln 32
Cash and savingsLn 1–2$7.8M
Total assetsLn 16$50.1M
LiabilitiesLn 26$17.8M
PeoplePt VI, VII
22
listed · VII A
PaidVII A5
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$225K
Government grantsLn 1e$10K
Fees for servicesLn 2g$61.8M
Investment incomeLn 3$209K
Other incomeLn 4–11$289K
Total revenueLn 12$62.5M
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$7.8M
Cash and savings togetherLn 1–2$7.8M
Accounts receivableLn 4$5.4M
Notes and loans receivableLn 7$11.9M
Inventories for sale or useLn 8$1.8M
Prepaid expenses and deferred chargesLn 9$403K
Land, buildings, equipmentLn 10c$13.4M
InvestmentsLn 11–13$176K
Other assetsLn 15$9.2M
Total assetsLn 16$50.1M
LiabilitiesLn 26$17.8M
Net assetsLn 32$32.3M
OperationsPt I, VI
EmployeesI 5727
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$3.0M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$9.5M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$11.6M$7.8M
InvestmentsLn 11–13$176K
Land, buildings, equipmentLn 10c$13.2M$13.4M
Total assetsLn 16$48.0M$50.1M
LiabilitiesLn 26$17.3M$17.8M
Net assetsLn 32$30.7M$32.3M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.3M$1.3M
Other salaries and wagesLn 7$26.2M$25.5M$735K
Pension plan contributionsLn 8$510K$501K$9K
Other employee benefitsLn 9$2.5M$2.4M$63K
Payroll taxesLn 10$2.9M$2.9M$33K
Management feesLn 11a$8.6M$4.7M$3.9M
Legal feesLn 11b$23K$23K
Accounting feesLn 11c$72K$15K$57K
Other fees for servicesLn 11g$281K$184K$97K
Office expensesLn 13$553K$530K$22K
OccupancyLn 16$2.2M$2.1M$80K
TravelLn 17$179K$178K$1K
InterestLn 20$253K$177K$76K
Depreciation, depletion and amortizationLn 22$1.4M$1.3M$88K
InsuranceLn 23$209K$204K$5K
Other expenses (24a–d)Ln 24$13.7M$13.7M$40K
All other expensesLn 24e$336K$317K$19K
Total functional expensesLn 25$61.2M$56.0M$5.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 4, 2025 $58.8M$56.1M$2.7M$34.6M 990 PDF
FY2023Filed with the IRS Nov 13, 2024 $54.7M$54.6M$110K$32.5M 990 PDF
FY2022 ViewingFiled with the IRS Nov 14, 2023 $62.5M$61.2M$1.3M$32.3M 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $52.1M$50.3M$1.8M$30.7M 990 PDF
FY2020Filed with the IRS Nov 9, 2021 $46.5M$42.9M$3.6M$28.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $62,517,044 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,074,180$225,051
I-9 Program service revenuePrior year $45,495,175$61,793,731
I-10 Investment incomePrior year $212,214$208,949
I-11 Other revenuePrior year $292,934$289,313
I-12 Total revenuePrior year $52,074,503$62,517,044
I-13 Grants and similar amounts paidPrior year $5,567,965$1,259,799
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $24,698,530$32,121,712
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $20,057,360$27,816,166
I-18 Total expensesPrior year $50,323,855$61,197,677
I-19 Revenue less expensesPrior year $1,750,648$1,319,367
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $62,517,044 across 8 lines filed
Lines not itemized here account for $1,980,378 of total revenue; see the IRS return.
VIII-1d Related organizations$43,699
VIII-1e Government grants$10,000
VIII-1f All other contributions, gifts and grants$171,352
VIII-1h Total contributions, gifts and grants$225,051
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $59,813,353$59,813,353
VIII-3 Investment incomeExcluded from tax $208,949$208,949
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,659 · Excluded from tax $287,654$289,313
VIII-12 Total revenueRelated to mission $61,795,390 · Unrelated business $0 · Excluded from tax $496,603$62,517,044
Part IX · Statement of functional expenses $61,197,677 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $1,259,799$1,259,799
IX-7 Other salaries and wagesPrograms $25,492,393 · Management $735,346$26,227,739
IX-8 Pension plan contributionsPrograms $501,087 · Management $8,976$510,063
IX-9 Other employee benefitsPrograms $2,411,307 · Management $62,831$2,474,138
IX-10 Payroll taxesPrograms $2,876,390 · Management $33,382$2,909,772
IX-11a Management feesPrograms $4,738,549 · Management $3,896,919$8,635,468
IX-11b Legal feesManagement $22,701$22,701
IX-11c Accounting feesPrograms $14,839 · Management $57,350$72,189
IX-11g Other fees for servicesPrograms $184,048 · Management $97,166$281,214
IX-13 Office expensesPrograms $530,453 · Management $22,423$552,876
IX-16 OccupancyPrograms $2,105,410 · Management $80,458$2,185,868
IX-17 TravelPrograms $178,125 · Management $1,051$179,176
IX-20 InterestPrograms $177,124 · Management $75,893$253,017
IX-22 Depreciation, depletion and amortizationPrograms $1,277,592 · Management $88,000$1,365,592
IX-23 InsurancePrograms $204,365 · Management $5,116$209,481
IX-24 Other expenses (24a–d)Programs $13,683,193 · Management $39,801$13,722,994
IX-24e All other expensesPrograms $316,849 · Management $18,741$335,590
IX-25 Total functional expensesPrograms $55,951,523 · Management $5,246,154 · Fundraising $0$61,197,677
Part X · Balance sheet $50,079,683 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $4,869$4,869
X-2 Savings and temporary cash investmentsStart of year $11,560,135$7,803,238
X-4 Accounts receivableStart of year $4,328,914$5,377,958
X-7 Notes and loans receivableStart of year $11,892,244$11,892,244
X-8 Inventories for sale or useStart of year $1,309,238$1,789,789
X-9 Prepaid expenses and deferred chargesStart of year $595,485$403,213
X-10c Land, buildings and equipment, netStart of year $13,164,350$13,441,027
X-11 Publicly traded securities$176,000
X-15 Other assetsStart of year $5,166,365$9,191,345
X-16 Total assetsStart of year $48,021,600$50,079,683
X-17 Accounts payable and accrued expensesStart of year $5,052,344$5,247,567
X-19 Deferred revenueStart of year $1,135,999$205,755
X-20 Tax-exempt bond liabilitiesStart of year $3,590,000$2,965,000
X-23 Secured mortgages and notes payableStart of year $3,805,656$3,027,093
X-25 Other liabilitiesStart of year $3,752,987$6,334,728
X-26 Total liabilitiesStart of year $17,336,986$17,780,143
X-27 Net assets without donor restrictionsStart of year $30,684,614$32,299,540
X-32 Total net assets or fund balancesStart of year $30,684,614$32,299,540
X-33 Total liabilities and net assetsStart of year $48,021,600$50,079,683
Part XI · Reconciliation of net assets $32,299,540 net assets at year end
XI-1 Total revenue$62,517,044
XI-2 Total expenses$61,197,677
XI-3 Revenue less expenses$1,319,367
XI-4 Net assets at start of year$30,684,614
XI-9 Other changes in net assets$295,559
XI-10 Net assets at end of year$32,299,540

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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