Nina Lynette Home
- Assets
- $1.8m
- Revenue
- $295.7k
- Investments
- $1.6m
- Employees
- 0
- Location
- Newport, RI
- Founding
- 05/1943
- Data as of
- 08/2023
- EIN
- 05-0259061
Organization Overview
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 08/2023, Nina Lynette Home generated $295.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $301.8k during the year ending 08/2023. While expenses have increased by 4.1% per year over the past 4 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ROOM AND BOARD FOR LOW INCOME ELDERLY PERSONS AT NOMINAL COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Leys Secretary | 0 | $0 | |
Audrey Grimes President | 0 | $0 | |
Jane Walsh Board Member | 0 | $0 | |
Edwina Sebest Vice Preside | 0 | $0 | |
Kenneth Castigilia Treasurer | 0 | $0 | |
Maryjo Carr Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,807 |
| Interest on Savings | $12,083 |
| Dividends & Interest | $135,072 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,140 |
| Capital Gain Net Income | $1,140 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $129,557 |
| Total Revenue | $295,659 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $128,548 |
| Pension plans, employee benefits | $12,233 |
| Interest | $0 |
| Taxes | $320 |
| Depreciation | $13,332 |
| Occupancy | $23,992 |
| Travel, conferences, and meetings | $2,095 |
| Printing and publications | $0 |
| Other expenses | $107,264 |
| Total operating and administrative expenses | $301,759 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $301,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,944 |
| 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 | $1,621,047 |
| Net Land, buildings, and equipment | $147,521 |
| Other assets | $0 |
| Total assets | $1,809,512 |
| Accounts payable and accrued expenses | $3,236 |
| 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 | $3,236 |