Lawrence Community Works Inc
- Assets
- $58.0m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 80
- Location
- Lawrence, MA
- Founding
- 12/1993
- Data as of
- 12/2022
- EIN
- 04-2982308
Organization Overview
Lawrence Community Works Inc is located in Lawrence, MA. The organization was established in 1993. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Lawrence Community Works Inc employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence Community Works 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 12/2022, Lawrence Community Works Inc generated $5.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $4.8m during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lawrence Community Works Inc has awarded 39 individual grants totaling $1,814,429. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LAWRENCE COMMUNITYWORKS (LCW) IS A COMMUNITY DEVELOPMENT CORPORATION THAT WEAVES TOGETHER COMMUNITY PLANNING, ORGANIZING, AND ASSET-BUILDING EFFORTS WITH HIGH-QUALITY AFFORDABLE HOUSING AND COMMERCIAL DEVELOPMENT TO CREATE VIBRANT NEIGHBORHOODS AND EMPOWERED RESIDENTS. BY FACILITATING CONVERSATIONS AND ACTION ON COMMUNITY PRIORITIES, LCW ENGAGES PARTNERS AND A NETWORK OF YOUTH AND ADULT RESIDENTS IN OPPORTUNITIES TO MOVE THEMSELVES AND THIS CITY FORWARD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROPERTY RENTAL PROGRAM CONSISTS OF RENTAL ACTIVITIES RELATED TO 8 RESIDENTIAL PROPERTIES IN THE LAWRENCE AREA, THE MAJORITY OF WHICH ARE SUBJECT TO LONG-TERM AFFORDABLE HOUSING RESTRICTIONS. THE RESIDENTIAL PROPERTIES CONTAIN 230 UNITS IN TOTAL, ARE SUBJECTED TO AFFORDABILITY RESTRICTIONS, SOME OF WHICH ARE ATTACHED TO THE RELATED LAND, AND ARE RENTED TO FAMILIES OF LOW TO MODERATE INCOMES. THE PROPERTY RENTAL PROGRAM ALSO CONSISTS OF ONE COMMERCIAL PROPERTY IN LAWRENCE. ALL LEASES BETWEEN THE AGENCY AND ITS TENANTS ARE OPERATING LEASES. THE PROPERTY RENTAL PROGRAM ACCOUNTED FOR APPROXIMATELY 59% OF TOTAL PROGRAM EXPENDITURES.
ASSET BUILDING IS A UNIQUE ECONOMIC DEVELOPMENT STRATEGY TO PROMOTE THE EDUCATIONAL ADVANCEMENT AND BUILD THE SOCIAL CAPITAL OF LAWRENCE RESIDENTS. THE PROGRAM PROVIDES HOME-OWNERSHIP AND EDUCATIONAL PROGRAMS INCLUDING PRE- AND POST-PURCHASE HOMEBUYER EDUCATION, FORECLOSURE INTERVENTION, MATCHED SAVINGS FOR ASSET OWNERSHIP, FINANCIAL EDUCATION AND COACHING, ENGLISH AS A SECOND LANGUAGE CLASSES AND VARIOUS HARD AND SOFT SKILL WORKFORCE PREPARATION CLASSES AND ACTIVITIES. THE FINANCIAL STABILITY CENTER PROVIDES A BUNDLING OF FINANCIAL EDUCATION, ASSET-BUILDING, INCOME SUPPORT AND JOB READINESS PROGRAMS TO ENCOURAGE FAMILIES AS THEY STRIVE FOR ECONOMIC MOBILITY AND SECURITY. THE ASSET BUILDING AND FINANCIAL STABILITY CENTER PROGRAM ACCOUNTED FOR APPROXIMATELY 14% OF TOTAL PROGRAM EXPENDITURES.
MOVEMENT CITY IS AN EMPOWERMENT NETWORK IN WHICH LAWRENCE AREA YOUTH CAN PARTICIPATE IN A WIDE RANGE OF HIGHLY CREATIVE ECONOMIC, ACADEMIC, LEADERSHIP DEVELOPMENT AND COLLECTIVE ACTION ACTIVITIES. THE PROGRAM'S GOAL IS TO ENCOURAGE AND ALLOW YOUNG PEOPLE TO EXPLORE THEIR POTENTIAL THROUGH PERFORMING ARTS, DESIGN AND USE OF TECHNOLOGY, MENTORING, ACADEMIC SUPPORT, CIVIC ENGAGEMENT AND MONEY MANAGEMENT. MOVEMENT CITY ACCOUNTED FOR APPROXIMATELY 6% OF TOTAL PROGRAM EXPENDITURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ariorca Abreu Board Member | Trustee | 2 | $0 |
Armand Hyatt Board Member | Trustee | 2 | $0 |
Carlos Manuel Morel Perez Board Member | Trustee | 2 | $0 |
Jacoba Olivero Board Member | Trustee | 2 | $0 |
Jonathan Machado Board Member | Trustee | 2 | $0 |
Jonathan Madrano Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Delphi Construction Company General Contractor | 12/30/22 | $11,339,778 |
Abacus Architects Architects | 12/30/22 | $558,185 |
Allways Health Plan Health Care Providers | 12/30/22 | $214,217 |
Life Initiative Loan Provider | 12/30/22 | $203,276 |
Klein Hornig Real Estate Attorneys | 12/30/22 | $143,959 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $153,420 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $180,563 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,522,201 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,856,184 |
| Total Program Service Revenue | $2,307,350 |
| Investment income | $118,726 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,502,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,056 |
| 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. | $248,171 |
| Compensation of current officers, directors, key employees. | $48,437 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,489,910 |
| Pension plan accruals and contributions | $37,576 |
| Other employee benefits | $209,167 |
| Payroll taxes | $243,078 |
| Fees for services: Management | $22,987 |
| Fees for services: Legal | $4,181 |
| Fees for services: Accounting | $50,399 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,572 |
| Advertising and promotion | $4,226 |
| Office expenses | $140,514 |
| Information technology | $85,392 |
| Royalties | $0 |
| Occupancy | $164,097 |
| Travel | $22,306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,846 |
| Interest | $90,047 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $432,446 |
| Insurance | $45,778 |
| All other expenses | $179,887 |
| Total functional expenses | $4,842,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,633,427 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,445 |
| 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 | $12,128 |
| Net Land, buildings, and equipment | $10,553,171 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $70,100 |
| Intangible assets | $0 |
| Other assets | $42,649,388 |
| Total assets | $57,985,659 |
| Accounts payable and accrued expenses | $3,519,947 |
| Grants payable | $0 |
| Deferred revenue | $6,958 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $38,502 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $30,266,482 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,526,280 |
| Total liabilities | $39,358,169 |
| Net assets without donor restrictions | $18,235,087 |
| Net assets with donor restrictions | $392,403 |
| 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 | $57,985,659 |
Grants Awarded
Over the last fiscal year, Lawrence Community Works Inc has awarded $155,141 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COALITION FOR A BETTER ACRE PURPOSE: SUPPORT OF THE ORGANIZATION'S TAX EXEMPT PURPOSE | $22,141 |
GREATER LAWRENCE FAMILY HEALTH CENTER PURPOSE: SUPPORT OF THE ORGANIZATION'S TAX EXEMPT PURPOSE | $25,000 |
GROUNDWORK LAWRENCE INC PURPOSE: SUPPORT OF THE ORGANIZATION'S TAX EXEMPT PURPOSE | $90,000 |
THE COMMUNITY GROUP PURPOSE: SUPPORT OF THE ORGANIZATION'S TAX EXEMPT PURPOSE | $18,000 |