New Concepts for Living

Legal name: New Concepts for Living Inc

Nonprofit profile at a glance

EIN
222447934
IRS 990 coverage
2011–2025
Official website data refreshed
Sep 2026
Forms available
Form 990 2025, Form 990-T 2023
Location
Bloomfield, NJ, USA
Phone
(201) 262-0097
Rating
83
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$42,854,993
Expenses
$37,436,897
Assets
$66,745,477
Liabilities
$25,107,335

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • Steve Setteducati (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • Steve Setteducati (CHIEF EXECUTIVE OFFICER): $506,332 total reported compensation
  • GUS LOUKAS (CHIEF FINANCIAL OFFICER): $328,657 total reported compensation
  • DANIEL MIHALINEC (DIRECTOR OF FACILITIES): $225,385 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

New Concepts for Living (NCFL) is dedicated to enriching the lives of adults with special needs through caring and compassionate support within a nurturing environment that promotes independence, growth, and inclusion.

What it reported doing in 2025

Adult Achievement Centers - Include a Day Program in Paramus and Rochelle Park. In the Late 1990s, New Concepts for Living (NCFL) opened its first Achievement Center with the goal of providing day program services to individuals with intellectual and developmental disabilities (I/DD). Today, our locations in Paramus and Rochelle Park provide an unmatched activities calendar, unsurpassed, well-rounded skills training areas, including mock bedroom, full-service laundry, kitchen and computer lab. Our Paramus facility even has a supermarket. Our 81,500 Sq Ft facility in Paramus also offers Occupational, Physical and Speech therapies and on-site behavioral and nursing services are provided. Day Program participants of all abilities have the opportunity to take part in a variety of activities such as volleyball, basketball, bowling, exercise classes, yoga and meditation, dance classes, math and reading skills, and more. Other activities, including karaoke, arts & crafts, board and video games, and team-building exercises are also included to help stimulate the mind, increase social and motor skills, and develop imagination. In addition to these activities, our day program incorporates a variety of field trips for our participants. In the past, we've taken trips to the Statue of Liberty, Rockefeller Center, Spirit of NJ Cruise, Point Pleasant Boardwalk, NY Mets games, and more.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 95
  • Accountability: 91
  • Sustainability: 55
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.7%; rating input score 76
  • Program expense ratio: 86.6%; rating input score 87
  • Fundraising efficiency: $1.63 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.7%; rating input score 92; 20th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 12.6%; rating input score 64; 64th percentile among comparable filings
  • Total-asset coverage ratio: 1.78; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: 0.38; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 4.9%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 15.9% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: 16.4% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: 22.2% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • What they do: 7 programs and campaigns described on the official site · 3 operating locations identified
  • Where the money goes: 75.7% of revenue deployed · 86.6% of spending went to programs
  • Governance: 11 of 12 board members independent · 8 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $32.4M in reported program spending
  • Leadership: top reported pay $506K · 18 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $4.1M reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2011 to 2025
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 4/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.