Operation Life INC

Ocean, NJ · Public charity (501(c)(3)) · Housing

✓ Tax-deductible
Revenue
$641K
+27% vs prior year
Spent
$378K
To programs
81%
Net assets
$679K
By yearFY2020–FY2025
Revenue
$641K
FY2025▲ +27%
Revenue by fiscal year
FY2020$540K
FY2021$517K
FY2022$482K
FY2023$529K
FY2024$507K
FY2025$641K
Expenses
$378K
FY2025▼ -7%
Expenses by fiscal year
FY2020$479K
FY2021$453K
FY2022$425K
FY2023$487K
FY2024$406K
FY2025$378K
Net assets
$679K
FY2025▲ +63%
Net assets by fiscal year
FY2020$158K
FY2021$220K
FY2022$277K
FY2023$318K
FY2024$416K
FY2025$679K

From the FY2025 Form 990 (year ending June 2025) · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item COperation Life INC
EINHdr · item D22-2362169
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 1985
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item COcean, NJ
NTEE classificationIRS BMFHousing (L200)
WebsiteHdr · item Jwww.ladacin.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.19
Program services81%$305K
Management & general19%$72K
Total functional expensesLn 25$378K

Financial health

Is it on solid ground?

Program efficiency
81%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
3.2mo
months of highly liquid reserves at operating expense rate▼ -24% vs prior filing year
Surplus margin
+41%
revenue over expenses, this year▲ +106% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$1.2M
FY2025▲ +35%
Total assets by fiscal year
FY2020$710K
FY2021$694K
FY2022$627K
FY2023$967K
FY2024$871K
FY2025$1.2M
Total liabilities
$502K
FY2025▲ +10%
Total liabilities by fiscal year
FY2020$553K
FY2021$474K
FY2022$350K
FY2023$649K
FY2024$455K
FY2025$502K
Revenue less expensesPt I · Ln 19$263K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$102K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$502K
Total net assetsLn 32$679K
Months of cash on handcomputed3.2

Statement of Revenue

Part VIII
Contributions & grants$538K · 84%
Program service revenue$103K · 16%
Contributions & grants84%$538K
Program service revenue16%$103K
Investment income$56
— government grantsLn 1e$488K
Total revenueLn 12$641K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $102K · Operating expenses/yr $378K
3.2 months
Where the money goes
Program services
Program services $305K · Total expenses $378K
81%
Management & General
Management & general $72K · Total expenses $378K
19%
Fundraising
Fundraising $0 · Total expenses $378K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $17K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $538K · Total revenue $641K
84%
Government reliance
Government grants $488K · Total revenue $641K
76%
Earned-income share
Program service revenue $103K · Total revenue $641K
16%
Investment reliance
Investment income $56 · Total revenue $641K
<0.01%
Program self-sufficiency
Program service revenue $103K · Total expenses $378K
27%
Growth & trend
Revenue growth (YoY)
This year $641K · Prior year $507K
+27%
Revenue CAGR
FY2019 $540K · FY2024 $641K
+3%
Net-asset trend (YoY)
End of year $679K · Beginning of year $416K
+63%
Balance sheet
Surplus Margin
Revenue $641K · Expenses $378K
+41%
Liabilities-to-Assets
Total liabilities $502K · Total assets $1.2M
43%
Net-asset ratio
Net assets $679K · Total assets $1.2M
57%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Vincent Vivona DO Jd · Reported title VICE-PRESIDENT · Highest reported compensation $0 · Total expenses $378K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $110K · Total expenses $378K
29%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 19%——
Fundraising cost ratio 0%——
Revenue growth 27%——
Accounting fee ratio 3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Director of Finance
$0Pt VII · Sec A
See Operation Life INC executive salaries →

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides accessible housing for people with physical disabilities to live independently and securely.

Provided by the organization

This section is blank until Operation Life INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $305K of program spending, described in the organization's own filed words · FY2024.
01

Provided a barrier-free environment and permitted adults who have developmental and multiple physical disabilities to reside in their own apartments within the community. 24 clients served for 365 days during the year. Additional funding for this program is provided through federal grants.

$305Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $641K$378K+27% 990 PDF
FY2024 $507K$406K-4% 990 PDF
FY2023 $529K$487K+10% 990 PDF
FY2022 $482K$425K-7% 990 PDF
FY2021 $517K$453K-4% 990 PDF
FY2020 $540K$479K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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