Lazarus House Incorporated
- Assets
- $10.8m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 70
- Location
- Lawrence, MA
- Founding
- 06/1986
- Data as of
- 03/2024
- EIN
- 04-2755382
Organization Overview
Lazarus House Incorporated is located in Lawrence, 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 03/2024, Lazarus House Incorporated employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lazarus House Incorporated 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 03/2024, Lazarus House Incorporated generated $7.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $7.6m during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
OPENING DOORS OUT OF POVERTY BY PROVIDING SHELTER, FOOD, CLOTHING AND EDUCATION, AND SUPPORT FOR THE HOMELESS AND THE POOR, IN THE LAWRENCE, MASSACHUSETTS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FOOD, CLOTHING, EDUCATION AND SHELTER FOR PEOPLE WHO SUFFER FROM POVERTY OR WHO ARE HOMELESS, IN THE GREATER LAWRENCE, MASSACHUSETTS AREA.
OPERATING A THRIFT STORE IN THE LAWRENCE, MASSACHUSETTS AREA WHERE CUSTOMERS CAN PURCHASE CLOTHING AND HOUSEHOLD ITEMS AT VERY LOW, OR NO, COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Vega Executive Di | Officer | 40 | $110,000 |
Father Christopher Sahd Bso Director | Trustee | $0 | |
Linda Benjamin Director | Trustee | $0 | |
Doug Cook Director | Trustee | $0 | |
Rick Crowley Director | Trustee | $0 | |
Deacon Mike Curren Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $666,256 |
| Related organizations | $0 |
| Government grants | $62,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,985,554 |
| Noncash contributions included in lines 1a–1f | $3,061,935 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,714,310 |
| Total Program Service Revenue | $0 |
| Investment income | $360,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $163,350 |
| Net Income from Gaming Activities | $18,366 |
| Net Income from Sales of Inventory | $324,154 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,581,053 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,000 |
| Compensation of current officers, directors, key employees. | $27,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,478,665 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $242,047 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,359 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $365,771 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,429 |
| Insurance | $0 |
| All other expenses | $584,671 |
| Total functional expenses | $7,632,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,687 |
| Savings and temporary cash investments | $7,574,126 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $298,730 |
| 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 | $15,557 |
| Net Land, buildings, and equipment | $1,906,932 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $783,941 |
| Total assets | $10,840,973 |
| Accounts payable and accrued expenses | $273,565 |
| Grants payable | $0 |
| Deferred revenue | $78,550 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $352,115 |
| Net assets without donor restrictions | $9,673,854 |
| Net assets with donor restrictions | $815,004 |
| 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 | $10,840,973 |