Lynn Shore Rest Home Np Inc
- Assets
- $451.1k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Lynn, MA
- Founding
- 06/2008
- Data as of
- 12/2022
- EIN
- 26-1643008
Organization Overview
Lynn Shore Rest Home Np Inc is located in Lynn, MA. The organization was established in 2008. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lynn Shore Rest Home Np 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, Lynn Shore Rest Home Np Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 5.9% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN AFFORDABLE REST HOME FOR THE ELDERLY AND DISABLED, HOUSING AT MOST 34 PATIENTS AT ONE TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Solimine Executive Di | 40 | $116,344 | |
Mary Bettano Secretary | 1 | $0 | |
Kelly Leblanc Director | 1 | $0 | |
Kathleen Swanson Director | 1 | $0 | |
Erik Salminen Former Direc | 1 | $0 | |
Rhonda Morill Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,512 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,137,877 |
| Total Revenue | $1,159,389 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $116,344 |
| Other employee salaries and wages | $600,908 |
| Pension plans, employee benefits | $179,262 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $18,601 |
| Occupancy | $91,859 |
| Travel, conferences, and meetings | $4,891 |
| Printing and publications | $0 |
| Other expenses | $202,539 |
| Total operating and administrative expenses | $1,216,744 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,216,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,827 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $420,261 |
| Other assets | $0 |
| Total assets | $451,088 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $229,029 |
| Other liabilities | $0 |
| Total liabilities | $229,029 |