Greater Lynn Senior Services Inc
- Assets
- $20.9m
- Revenue
- $54.0m
- Investments
- $0.0
- Employees
- 240
- Location
- Lynn, MA
- Founding
- 12/1975
- Data as of
- 06/2022
- EIN
- 04-2581129
Organization Overview
Greater Lynn Senior Services Inc is located in Lynn, MA. The organization was established in 1975. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 06/2022, Greater Lynn Senior Services Inc employed 240 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Lynn Senior Services 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, Greater Lynn Senior Services Inc generated $54.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $47.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A BROAD RANGE OF PROGRAMS TO ELDERS IN OUR SERVICE AREA OF LYNN, LYNNFIELD, NAHANT, SAUGUS, AND SWAMPSCOTT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME CARE SERVICES - THIS PROGRAM PROVIDES HOMEMAKING CHORES, TRANSPORTATION, MEALS, COMPANIONSHIP AND HEALTH RELATED SERVICES TO THE FRAIL ELDERLY.
DAY PROGRAMS, PROTECTIVE SERVICES, HOUSING, AND NUTRITION.
NUTRITION - THIS PROGRAM PROVIDES PROVIDES NUTRITIOUS MEALS TO THE ELDERLY AT VARIOUS SITES IN OUR SERVICE AREA. THE NUTRITION PROGRAM ALSO PROVIDES HOME DELIVERED MEALS TO HOME-BOUND SENIORS WITHIN OUR SERVICE AREA.
BUREAU - VARIOUS PROGRAMS COMPRISE THE BUREAU PROGRAM SUCH AS LONG TERM CARE OPTIONS, THE ACADEMY, MOBILITY LINKS, ELWHI, LTSS, SOS AND ONE CARE LTSS. THESE PROGRAMS HAVE A POPULATION HEALTH APPROACH AND ARE OFTEN CARRIED OUT IN PARTNERSHIP WITH ANOTHER ENTITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nelson Chang President | OfficerTrustee | 1 | $0 |
Robert Long Vice Preside | OfficerTrustee | 1 | $0 |
Mary Curtis Secretary | OfficerTrustee | 1 | $0 |
Joseph Sano Treasurer | OfficerTrustee | 1 | $0 |
Bethany Beauregard Director | Trustee | 1 | $0 |
Mary Magner Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Associated Home Care Inc Home Care | 6/29/22 | $4,660,458 |
All At Home Health Care Llc Home Care | 6/29/22 | $3,510,528 |
Multicultural Home Care Inc Home Care | 6/29/22 | $4,740,317 |
Anodyne Homemaker Services Home Care | 6/29/22 | $1,662,785 |
Northeast Arc Home Care | 6/29/22 | $1,147,133 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,074,265 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,487 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,187,752 |
| Total Program Service Revenue | $18,532,322 |
| Investment income | $10,388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,928 |
| Net Gain/Loss on Asset Sales | -$16,984 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,014,543 |
| 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. | $879,924 |
| Compensation of current officers, directors, key employees. | $625,638 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,700,234 |
| Pension plan accruals and contributions | $219,353 |
| Other employee benefits | $1,239,490 |
| Payroll taxes | $917,862 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,293 |
| Fees for services: Accounting | $99,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $697,466 |
| Advertising and promotion | $4,395 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $425,354 |
| Travel | $16,539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $99,603 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $437,078 |
| Insurance | $342,150 |
| All other expenses | $25,566 |
| Total functional expenses | $47,236,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,894,143 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,451,668 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $179,852 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $82,002 |
| Net Land, buildings, and equipment | $3,241,097 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,834 |
| Total assets | $20,881,596 |
| Accounts payable and accrued expenses | $7,183,575 |
| Grants payable | $0 |
| Deferred revenue | $311,482 |
| Tax-exempt bond liabilities | $1,406,817 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $501,683 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,403,557 |
| Net assets without donor restrictions | $11,327,645 |
| Net assets with donor restrictions | $150,394 |
| 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 | $20,881,596 |