Lynn Shelter Association Inc
- Assets
- $9.9m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 100
- Location
- Lynn, MA
- Founding
- 03/1986
- Data as of
- 06/2023
- EIN
- 22-2603594
Organization Overview
Lynn Shelter Association Inc, operating under the name Lsa, is located in Lynn, MA. The organization was established in 1986. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Lsa employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lsa 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 06/2023, Lsa generated $6.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $6.0m during the year ending 06/2023. While expenses have increased by 3.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LYNN SHELTER ASSOCIATION (LSA) BELIEVES EVERY PERSON DESERVES A PLACE TO CALL HOME. LSA'S MISSION IS TO PROVIDE A SAFE ENVIRONMENT FOR EACH INDIVIDUAL TO DEFINE AND PURSUE THEIR GOALS FOR INDEPENDENCE AND SELF-SUFFICIENCY AND OFFERS SHELTER, SUPPORTIVE SERVICES, HOUSINGS SOLUTIONS, PERMANENT SUPPORTIVE HOUSING, AND ACCESS TO A CONTINUUM OF COMMUNITY SUPPORTS TO MORE THAN 800 HOMELESS AND FORMERLY HOMELESS INDIVIDUALS AND FAMILIES EACH YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY SHELTER PROGRAM: THIS PROGRAM IS MADE UP OF 3 CONGREGATE SHELTERS LOCATED IN RESIDENTIAL NEIGHBORHOODS IN LYNN MASSACHUSETTS. THE SHELTERS PROVIDE 64 SHELTER UNITS. THE PROGRAM PROVIDES SHELTER, SUPPORT AND FOOD TO HOMELESS FAMILIES WITH CHILDREN. IT ALSO PROVIDES ON-SITE CASE MANAGEMENT, TRAINING FOR PARENTING SKILLS, FINANCIAL SKILLS, HOUSING SEARCH, JOB SEARCH, AND BENEFIT MAXIMIZATION. THE PROGRAM ALSO ENSURES THE PARTICIPANTS ARE REGISTERED WITH MEDICAL AND MENTAL HEALTH SERVICES WITHIN 30 DAYS OF ARRIVAL. FUNDING FOR THE PROGRAM IS PRIMARILY FROM THE MASSACHUSETTS DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT (DHCD) AND THE MASSACHUSETTS DEPARTMENT OF PUBLIC HEALTH (DPH). THIS PROGRAM SERVED APPROXIMATELY 157 CLIENTS DURING THE YEAR.
ADULT SHELTER PROGRAM: THIS PROGRAM IS ALSO KNOWN AS THE LYNN EMERGENCY SHELTER AND IS LOCATED IN DOWNTOWN LYNN MASSACHUSETTS. THE PROGRAM PROVIDES EMERGENCY SHELTER AND SERVICES TO HOMELESS ADULTS. THE SHELTER IS A HOUSING FIRST MODEL SHELTER THAT PROMOTES SELF-SUFFICIENCY. FUNDING FOR THE PROGRAM IS PRIMARILY FROM THE MASSACHUSETTS DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT (DHCD). THIS PROGRAM SERVED APPROXIMATELY 157 CLIENTS DURING THE YEAR.
CASE MANAGEMENT PROGRAM: THIS PROGRAM PROVIDES WORKSHOPS, SUPPORTIVE SERVICES, AND REFERRALS TO MENTAL HEALTH SERVICES TO PARTICIPANTS IN PERMANENT HOUSING UNITS. THIS PROGRAM IS FUNDED THROUGH CONTRACTS WITH VARIOUS MENTAL HEALTH AND PUBLIC HOUSING AGENCIES. THIS PROGRAM SERVED APPROXIMATELY 110 CLIENTS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Guptill Clerk | OfficerTrustee | 1 | $0 |
Dayle Persons Director | Trustee | 1 | $0 |
Dominic Ferrari Director | Trustee | 1 | $0 |
Francis Mancini Director | Trustee | 1 | $0 |
Sheila Byrd Vice President | OfficerTrustee | 1 | $0 |
Michael Tarmey Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aafcpas Accounting Services | 6/29/23 | $216,231 |
David Keene Consulting Llc Cfo Services | 6/29/23 | $115,760 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,685,637 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,277,874 |
| Noncash contributions included in lines 1a–1f | $97,727 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,963,511 |
| Total Program Service Revenue | $75,632 |
| Investment income | $2,918 |
| 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 | $6,291,533 |
| 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. | $204,516 |
| Compensation of current officers, directors, key employees. | $143,161 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,438,870 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $258,180 |
| Payroll taxes | $253,488 |
| Fees for services: Management | $54,158 |
| Fees for services: Legal | $704 |
| Fees for services: Accounting | $414,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $136,254 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $121,555 |
| Advertising and promotion | $113,746 |
| Office expenses | $134,345 |
| Information technology | $86,330 |
| Royalties | $0 |
| Occupancy | $1,071,749 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,571 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,701 |
| Insurance | $52,854 |
| All other expenses | $0 |
| Total functional expenses | $6,025,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $894,756 |
| Savings and temporary cash investments | $601,522 |
| Pledges and grants receivable | $993,160 |
| Accounts receivable, net | $66,573 |
| 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 | $50,158 |
| Net Land, buildings, and equipment | $1,052,637 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,281,992 |
| Total assets | $9,940,798 |
| Accounts payable and accrued expenses | $455,482 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $23,344 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $242,961 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,775,210 |
| Total liabilities | $6,496,997 |
| Net assets without donor restrictions | $2,640,996 |
| Net assets with donor restrictions | $802,805 |
| 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 | $9,940,798 |