Life Management INC EIN 22-3519521 Form 990 (PDF) Claim this org

Life Management INC FY2020 filing

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Helps vulnerable people improve their lives and find affordable housing. For fiscal year 2020 it reported $833K in revenue, $768K in expenses, and $455K in net assets.Pt I

Founded
1997
Type
Public charity (501(c)(3)) · Human Services
Location
Montclair, NJ
Filings
5 on file (2020–2020)
Revenue
$833KFY2020
Expenses
$768K
Net assets
$455K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  22-3519521 Public charity (501(c)(3)) Montclair, NJ Founded 1997
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 8/14/26 · see original: IRS
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Size
$1–10M
What they do
Helps vulnerable people improve their lives and find affordable housing.
Leadership
Barbara Havlik · Chairperson/Exec. Director · $80K
Money in and out
$833K revenue, $768K expenses
Bottom line
95% program efficiency
Where the money goes · FY2020
Total revenue
$833K
Pt VIII · Ln 12
Total expenses
$768K
Pt IX · Ln 25
Net assets
$455K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $64K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs
Operating runway
0.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$833K
FY2020
Expenses
$768K
FY2020
Total assets
$31.6M
FY2020
Total liabilities
$31.1M
FY2020
Total revenue
$833K
Pt VIII · Ln 12
Total expenses
$768K
Pt IX · Ln 25
Net assets
$455K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$64K
Total assetsPt X · Ln 16$31.6M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

3 program services account for $732K of program spending, described in the organization's own filed words · FY2020.
01

Life management provides social service programs to 13 affordable housing projects located throughout essex and hudson counties. The services provided by life management include, educational, health and fitness and social activities for both adults and children.

$298Kprogram expense
02

Life management inc. Provides assistance to senior citizens in the form of residential maintenance programs.

$278Kprogram expense
03

Life management inc. Provides assistance to senior citizens and their caregivers by installing ramps and making other improvements which allow for greater mobility.

$156Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLife Management INC
EINHdr · item D22-3519521
Principal addressHdr · item CMontclair, NJ
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1997
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P81)
Ruling yearIRS BMFFeb 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairperson/Exec. Director
$80,114Pt VII · Sec A
Vice Chairperson/Ops. Dir.
$36,002Pt VII · Sec A
Treasurer
$4,250Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Barbara Havlik’s $110K as Chairperson/Exec. Director is at the 45th percentile of top reported officer pay among 3863 $1–10M 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Barbara Havlik$109,950$107,043$97,131$91,550$80,114
Ellen Paretti$57,000$55,635$51,052$51,019$36,002
Debra Neier$5,250$2,250$2,000$4,250

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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Statement of Revenue

Part VIII
Contributions & grants$427K · 51%
Program service revenue$406K · 49%
Contributions & grants51%$427K
Program service revenue49%$406K
Investment income$94
— government grantsLn 1e$427K
Total revenueLn 12$833K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$732K
Management & general5%$36K
Total functional expensesLn 25$768K

Balance Sheet

Part X · end of year
CashLn 1$35K
Total assetsLn 16$31.6M
Total liabilitiesLn 26$31.1M
Total net assetsLn 32$455K
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $37K · Operating expenses/yr $768K
0.6 months
Where the money goes
Program services
Program services $732K · Total expenses $768K
95%
Management & General
Management & general $36K · Total expenses $768K
5%
Fundraising
Fundraising $0 · Total expenses $768K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $335
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $427K · Total revenue $833K
51%
Government reliance
Government grants $427K · Total revenue $833K
51%
Earned-income share
Program service revenue $406K · Total revenue $833K
49%
Investment reliance
Investment income $94 · Total revenue $833K
+0.01%
Program self-sufficiency
Program service revenue $406K · Total expenses $768K
53%
Growth & trend
Revenue growth (YoY)
This year $833K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $455K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $833K · Expenses $768K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $31.6M
Net-asset ratio
Net assets $455K · Total assets $31.6M
1%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $2K · Total assets (Pt X, ln 16) $31.6M
<0.01%
People & payroll
Highest Reported Total Compensation
Individual Barbara Havlik · Reported title CHAIRPERSON/EXEC. DIRECTOR · Highest reported compensation $80K · Total expenses $768K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $328K · Total expenses $768K
43%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0%
Accounting fee ratio 5%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$5K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$9.1M revenue · ⤓ 990 PDF
FY2023$1.8M revenue · ⤓ 990 PDF
FY2022$8.8M revenue · ⤓ 990 PDF
FY2021$2.7M revenue · ⤓ 990 PDF
FY2020$833K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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