Lynn Home For Elderly Persons
- Assets
- $33.3m
- Revenue
- $3.8m
- Investments
- $28.7m
- Employees
- 0
- Location
- Lynn, MA
- Founding
- 07/1968
- Data as of
- 08/2022
- EIN
- 04-2400070
Organization Overview
Lynn Home For Elderly Persons is located in Lynn, MA. The organization was established in 1968. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Lynn Home For Elderly Persons 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 08/2022, Lynn Home For Elderly Persons generated $3.8m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $2.4m during the year ending 08/2022. While expenses have increased by 2.7% per year over the past 3 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
THE FOUNDATION OPERATES A NURSING HOME FOR CITIZENS OF THE GREATER LYNN AREA OVER THE AGE OF 65. THE HOME HOUSES 24 RESIDENTS AS OF 8/31/22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Baird Administrato | 40 | $120,162 | |
Wanda Wilson Nurse Mgr. | 40 | $87,132 | |
Yiselena Dilone Nurse | 40 | $85,259 | |
Maura Patriarca Nurse | 40 | $80,669 | |
Evelyn Pina Nurse | 40 | $76,453 | |
William S Anthony Maintenance | 40 | $55,303 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $177,770 |
| Interest on Savings | $0 |
| Dividends & Interest | $632,629 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,500,543 |
| Capital Gain Net Income | $1,500,543 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,443,369 |
| Total Revenue | $3,754,311 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $128,312 |
| Other employee salaries and wages | $1,251,573 |
| Pension plans, employee benefits | $80,179 |
| Interest | $0 |
| Taxes | $137,994 |
| Depreciation | $74,922 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $599,229 |
| Total operating and administrative expenses | $2,430,255 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,430,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,307,633 |
| Savings and temporary cash investments | $2,444,862 |
| 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 | $820,960 |
| Other assets | $0 |
| Total assets | $33,267,590 |
| Accounts payable and accrued expenses | $4,999 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,999 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lynn Home For Elderly Persons has recieved totaling $89,723.
| Awarding Organization | Amount |
|---|---|
Annie E Wilson Tr Uw 12317905 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $49,378 |
Henry H Downing Trust Salem, MA PURPOSE: UNRESTRICTED WITHIN DONEE'S CHARITABLE PURPOSES | $23,290 |
George E Barnard Trust 100-1023490 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $17,055 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |
Christopher House Inc Worcester, MA | $11,659,464 | $17,133,392 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |
Ascentria Care Alliance Inc West Brookfield, MA | $28,862,438 | $18,232,969 |
Good Shepherd Village At Endwellinc Endwell, NY | $76,298,914 | $15,180,205 |
Gurwin Jewish-Fay J Lindner Residences Inc Commack, NY | $18,352,784 | $14,495,214 |
Island Rehabilitation And Nursing Center Inc Holtsville, NY | $20,545,926 | $27,917,787 |
Overlook Communities Inc Charlton, MA | $31,731,503 | $14,000,337 |
Alliance Health Of Massachusetts Inc Southborough, MA | $12,196,543 | $13,916,904 |
Beverwyck Inc Slingerlands, NY | $81,150,953 | $18,557,714 |
Metro Health Foundation Of New Hampshire Inc Meredith, NH | $23,007,411 | $13,396,555 |