Nina Lynette Home is located in Newport, RI. The organization was established in 1943. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Nina Lynette Home 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, Nina Lynette Home generated $286.2k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $274.4k during the year ending 08/2022. While expenses have increased by 2.2% 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
PROVIDE ROOM AND BOARD FOR LOW INCOME ELDERLY PERSONS AT NOMINAL COST.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Audrey Grimes President | 0 | $0 | |
Maryjo Carr Board Member | 0 | $0 | |
Ellen Leys Secretary | 0 | $0 | |
Jane Walsh Board Member | 0 | $0 | |
Kenneth Castigilia Treasurer | 0 | $0 | |
Edwina Sebest Vice Preside | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $19,233 |
Interest on Savings | $1,827 |
Dividends & Interest | $131,033 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $17,419 |
Capital Gain Net Income | $17,419 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $116,736 |
Total Revenue | $286,248 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $123,989 |
Pension plans, employee benefits | $12,509 |
Interest | $0 |
Taxes | $328 |
Depreciation | $13,696 |
Occupancy | $23,380 |
Travel, conferences, and meetings | $3,849 |
Printing and publications | $0 |
Other expenses | $82,495 |
Total operating and administrative expenses | $274,366 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $274,366 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $34,978 |
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 | $1,628,325 |
Net Land, buildings, and equipment | $154,756 |
Other assets | $0 |
Total assets | $1,818,059 |
Accounts payable and accrued expenses | $4,193 |
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 | $4,193 |
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