Lowell Transitional Living Center Inc
- Assets
- $5.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Framingham, MA
- Founding
- 06/1987
- Data as of
- 06/2022
- EIN
- 04-2933012
Organization Overview
Lowell Transitional Living Center Inc is located in Framingham, MA. The organization was established in 1987. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lowell Transitional Living Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Lowell Transitional Living Center Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LOWELL TRANSITIONAL LIVING CENTER PROVIDES THE MOST VULNERABLE ADULTS IN THE COMMUNITY WITH FOOD, SHELTER, STABILITY AND DIGNITY. WE PROVIDE PROGRAMS AND SERVICES THAT MEET IMMEDIATE NEEDS FOR EMERGENCY SHELTER AND FOOD, ALONG WITH CASE MANAGEMENT AND OTHER HELP THAT ENABLE THOSE WE SERVE TO MAKE THE TRANSITION FROM A SHELTER BED TO A PERMANENT PLACE TO CALL HOME.
Describe the Organization's Program Activity:
SHELTER AND CASE MANAGEMENT SERVICES - THE CENTER'S BUILDING HOUSES THE 90-BED SHELTER AND TWELVE (12) UNITS OF PERMANENT HOUSING. THE GRAND OPENING WAS IN JANUARY 2006. THIS FACILITY ALLOWS THE CENTER TO OFFER ITS CLIENTS A TRUE CONTINUUM OF CARE FROM THE OUTREACH COMPONENT AT THE STREET LEVEL, THROUGH THE EMERGENCY SHELTER AND ALL OF ITS SUPPORTIVE SERVICES TO THE HOUSING UNITS, ALL UNDER ONE ROOF WITH THE BENEFIT OF CASE MANAGEMENT AND REFERRALS TO THE APPROPRIATE SERVICES NECESSARY TO ADDRESS THE CLIENTS' INDIVIDUAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Scult President/director | OfficerTrustee | 1 | $0 |
Jeffrey Fishman Vice President/director | OfficerTrustee | 1 | $0 |
Ruth Hibbard Treasurer/director | OfficerTrustee | 1 | $0 |
Pamula Zicko Director | Trustee | 1 | $0 |
Gary Baker Director | Trustee | 1 | $0 |
Bruce Hulme Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,121 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $304,768 |
| Noncash contributions included in lines 1a–1f | $49,319 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $334,889 |
| Total Program Service Revenue | $1,366,336 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$16,617 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,697,674 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $785,848 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $143,413 |
| Payroll taxes | $93,629 |
| Fees for services: Management | $156,761 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,897 |
| Advertising and promotion | $1,953 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $121,845 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $121,938 |
| Insurance | $42,932 |
| All other expenses | $82,517 |
| Total functional expenses | $1,779,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,434,543 |
| Savings and temporary cash investments | $70,243 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $397,698 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,528,278 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,430,762 |
| Accounts payable and accrued expenses | $47,521 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,043,223 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,001,329 |
| Total liabilities | $4,092,073 |
| Net assets without donor restrictions | $1,252,250 |
| Net assets with donor restrictions | $86,439 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,430,762 |