Paladin INC FY2024 filing

Tax-deductible

Michigan City, IN501(c)(3)Since 1970Human ServicesEIN 35-6076798

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Mission is to provide necessary resources to persons with disabilities in order to assist them in enhancing their daily lives. We provide habilitation services, individual support, and employment services based on individual program plans.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$112K 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

FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $175K a year · 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$112K
to officers and key staff · 0.6% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $504K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17.3M
+3% vs prior year
Spent
$18.2M
To programs
88%
Net assets
$5.7M
By yearFY2020–FY2025
Revenue
$17.3M
FY2024▲ +3%
Revenue by fiscal year
FY2020$13.7M
FY2021$14.6M
FY2022$15.9M
FY2023$16.8M
FY2024$17.3M
FY2025$20.0M
Expenses
$18.2M
FY2024▲ +4%
Expenses by fiscal year
FY2020$13.4M
FY2021$13.5M
FY2022$15.5M
FY2023$17.6M
FY2024$18.2M
FY2025$19.0M
Net assets
$5.7M
FY2024▼ -12%
Net assets by fiscal year
FY2020$5.7M
FY2021$6.9M
FY2022$7.3M
FY2023$6.5M
FY2024$5.7M
FY2025$6.8M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1968.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $16.0M Management & general 12% · $2.1M

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

12 people listed on the 990; $112K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President/CEO
$111,984Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Steve Hobby’s $119K as President/CEO is at the 8th 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Steve Hobby$119,147$111,984$107,031$89,194$89,194
Kimberly Latchford————$98,755

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 Paladin INC executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides resources and services to enhance daily lives and support employment for people with disabilities.

Provided by the organization

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3 programs · $15.1M · in their own filed words · FY2023
01

Residential services provides individuals living in their home settings supervision and structure twenty-four hours per day. Paladin staff supervise the living situation and assist with daily living skills activities.

$6.4Mprogram expense
02

Day services is a combination of all day programming. Day services includes adult day activities and habilitation services, creative concepts (art & music), computer lab, and community habilitation services.

$5.0Mprogram expense
03

The infant care program welcomes little ones from six weeks to first steps. This program assists parents to return to work after the birth of their newborn. Pre-school and pre-k children continue to learn self-care, early literacy, and interpersonal skills through fun activities.

$3.7Mprogram 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 · FY2024
Total grants receivedfrom 5 funders$504K
See all 5 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$17.3M
Ln 12
Fees for servicesLn 2g$12.5M
Gifts and grantsLn 1h$4.7M
Other incomeLn 4–11$87K
Money outPt IX
$18.2M
Ln 25
Programscol B$16.0M
Managementcol C$2.1M
Owns and owesPt X
$5.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$7.1M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.7M
Government grantsLn 1e$4.0M
Noncash giftsLn 1g$420K
Fees for servicesLn 2g$12.5M
Investment incomeLn 3$14K
Other incomeLn 4–11$87K
Gains on assetsLn 7$3K
Total revenueLn 12$17.3M
Assets in detailPt X, end of year
CashLn 1$450
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$443K
Land, buildings, equipmentLn 10c$3.5M
Total assetsLn 16$7.1M
LiabilitiesLn 26$1.4M
Net assetsLn 32$5.7M
OperationsPt I, VI
EmployeesI 5386
VolunteersI 61
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
LineStart FY24End FY24
Cash and savingsLn 1–2$3.2M$1.6M
InvestmentsLn 11–13$413K$443K
Land, buildings, equipmentLn 10c$3.1M$3.5M
Total assetsLn 16$7.7M$7.1M
LiabilitiesLn 26$1.2M$1.4M
Net assetsLn 32$6.5M$5.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$112K$103K$9K$0
Pay of disqualified personsLn 6$12.7M$11.7M$993K$0
Other employee benefitsLn 9$320K$117K$203K$0
Payroll taxesLn 10$988K$913K$74K$0
Management feesLn 11a$87K$910$86K$0
Legal feesLn 11b$29K$3K$26K$0
Accounting feesLn 11c$66K$10K$56K$0
Office expensesLn 13$96K$78K$19K$0
Information technologyLn 14$123K$67K$55K$0
OccupancyLn 16$1.5M$1.2M$242K$0
TravelLn 17$360K$359K$1K$0
Conferences, conventions and meetingsLn 19$362K$291K$71K$0
InterestLn 20$22K$18K$4K$0
Depreciation, depletion and amortizationLn 22$341K$274K$67K$0
InsuranceLn 23$405K$335K$70K$0
Other expenses (24a–d)Ln 24$425K$318K$107K$0
All other expensesLn 24e$317K$252K$65K$0
Total functional expensesLn 25$18.2M$16.0M$2.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $20.0M$19.0M$985K$6.8M 990 PDF
FY2024 Viewing $17.3M$18.2M−$873K$5.7M 990 PDF
FY2023 $16.8M$17.6M−$815K$6.5M 990 PDF
FY2022 $15.9M$15.5M$383K$7.3M 990 PDF
FY2021 $14.6M$13.5M$1.1M$6.9M 990 PDF
FY2020 $13.7M$13.4M$262K$5.7M 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
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $17,319,199 across 11 lines filed
VIII-1e Government grants$3,992,851
VIII-1f All other contributions, gifts and grants$740,302
VIII-1g Noncash contributions (included above)$419,901
VIII-1h Total contributions, gifts and grants$4,733,153
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$12,484,570
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $10,610$10,610
VIII-6 Net rental income or lossRelated to mission $122,046$122,046
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,000 · Unrelated business $0 · Excluded from tax $2,495$3,495
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$40,861−$40,861
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $200 · Unrelated business $0 · Excluded from tax $5,986$6,186
VIII-12 Total revenueRelated to mission $12,607,816 · Unrelated business $0 · Excluded from tax −$21,770$17,319,199
Part IX · Statement of functional expenses $18,192,498 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $103,025 · Management $8,959 · Fundraising $0$111,984
IX-6 Pay of disqualified personsPrograms $11,693,896 · Management $992,712 · Fundraising $0$12,686,608
IX-9 Other employee benefitsPrograms $116,673 · Management $202,931 · Fundraising $0$319,604
IX-10 Payroll taxesPrograms $913,143 · Management $74,456 · Fundraising $0$987,599
IX-11a Management feesPrograms $910 · Management $86,437 · Fundraising $0$87,347
IX-11b Legal feesPrograms $2,928 · Management $25,728 · Fundraising $0$28,656
IX-11c Accounting feesPrograms $10,125 · Management $55,555 · Fundraising $0$65,680
IX-13 Office expensesPrograms $77,579 · Management $18,618 · Fundraising $0$96,197
IX-14 Information technologyPrograms $67,376 · Management $55,487 · Fundraising $0$122,863
IX-16 OccupancyPrograms $1,212,171 · Management $242,448 · Fundraising $0$1,454,619
IX-17 TravelPrograms $358,917 · Management $1,026 · Fundraising $0$359,943
IX-19 Conferences, conventions and meetingsPrograms $290,949 · Management $70,868 · Fundraising $0$361,817
IX-20 InterestPrograms $18,120 · Management $3,704 · Fundraising $0$21,824
IX-22 Depreciation, depletion and amortizationPrograms $273,711 · Management $67,303 · Fundraising $0$341,014
IX-23 InsurancePrograms $334,733 · Management $69,918 · Fundraising $0$404,651
IX-24 Other expenses (24a–d)Programs $318,460 · Management $106,784 · Fundraising $0$425,244
IX-24e All other expensesPrograms $252,184 · Management $64,664 · Fundraising $0$316,848
IX-25 Total functional expensesPrograms $16,044,900 · Management $2,147,598 · Fundraising $0$18,192,498
Part X · Balance sheet $7,075,360 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $450$450
X-2 Savings and temporary cash investmentsStart of year $3,164,779$1,636,878
X-4 Accounts receivableStart of year $1,020,805$1,478,225
X-8 Inventories for sale or useStart of year $11,000$8,500
X-9 Prepaid expenses and deferred chargesStart of year $28,008$29,404
X-10c Land, buildings and equipment, netStart of year $3,065,049$3,478,670
X-11 Publicly traded securitiesStart of year $413,444$443,233
X-16 Total assetsStart of year $7,703,535$7,075,360
X-17 Accounts payable and accrued expensesStart of year $772,648$934,729
X-19 Deferred revenueStart of year $20,004$91,481
X-25 Other liabilitiesStart of year $5,992$7,463
X-26 Total liabilitiesStart of year $1,174,202$1,350,799
X-27 Net assets without donor restrictionsStart of year $6,529,333$5,724,561
X-32 Total net assets or fund balancesStart of year $6,529,333$5,724,561
X-33 Total liabilities and net assetsStart of year $7,703,535$7,075,360
Part XI · Reconciliation of net assets $5,724,561 net assets at year end
XI-1 Total revenue$17,319,199
XI-2 Total expenses$18,192,498
XI-3 Revenue less expenses−$873,299
XI-4 Net assets at start of year$6,529,333
XI-5 Net unrealized gains (losses) on investments$29,789
XI-6 Donated services and use of facilities$38,738
XI-10 Net assets at end of year$5,724,561

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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