Lynn Housing Authority Development Group Inc

Organization Overview

Lynn Housing Authority Development Group Inc is located in Lynn, MA. The organization was established in 2010. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, 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 Housing Authority Development Group 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 12/2021, Lynn Housing Authority Development Group Inc generated $632.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $736.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Lynn Housing Authority Development Group Inc has awarded 15 individual grants totaling $710,012. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE CORPORATION IS ORGANIZED TO PROVIDE CHARITABLE ASSISTANCE TO THE GENERAL PUBLIC BY PROVIDING AFFORDABLE HOUSING THROUGH THE PURCHASE, SALE, RENTING AND LEASING OF DWELLINGS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RENTAL ASSISTANCE - A PROGRAM TO ASSIST INDIVIDUALS AND FAMILIES TO QUICKLY REGAIN STABILITY IN PERMANENT HOUSING AFTER EXPERIENCING A HOUSING CRISIS OR HOMELINESS, WITH TWO PROGRAM COMPONENTS, HOMELESSNESS PREVENTION AND REPAID RE-HOUSING.


FINANCIAL COUNSELING - THE FINANCIAL COACHING PROGRAM IS DESIGNED TO HELP FAMILIES/INDIVIDUALS HAVE A BETTER UNDERSTANDING OF ONE'S FINANCES, LEADING TO FINANCIAL STABILITY. THE FINANCIAL COACHING PROGRAM PROVIDES REGULAR ONE-ON-ONE AND WORKSHOP SESSIONS WITH CLIENTS IN ORDER TO GUIDE CLIENTS TO MEET THEIR GOALS AND FINANCIAL INDEPENDENCE. THE FINANCIAL COACHING PROGRAM IS A UNITED WAY SUPPORTED PROGRAM THAT CAN ASSIST WITH CREDIT BUILDING, CREDIT REPAIRING, BUDGETING, MONEY MANAGEMENT, DEBT COLLECTIONS, DELINQUENT BILLS, DEBT CONSOLIDATION, ETC.


PROJECT RISE/ SEIMER PROGRAM - A COLLABORATION WITH LYNN PUBLIC SCHOOLS WORKING WITH FAMILIES EXPERIENCING HOUSING INSTABILITY AND HAVE AT LEAST ONE CHILD IN LYNN PUBLIC SCHOOLS. THIS PROGRAM OFFERS CASE MANAGEMENT AND COACHING TOWARDS A FAMILY'S HOUSING AND EDUCATION GOALS. FINANCIAL AND OTHER MATERIAL ASSISTANCE, A TWO-GENERATIONAL APPROACH TO SERVICE DELIVERY, AND A STRATEGIC PARTNERSHIP WITH THE SCHOOL DISTRICT AND OTHER LOCALSERVICE PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Steve Martin
Vice Chairperson
$0
Susan Mcginnis-Lang
Treasurer
$0
Laura Walsh
Chairperson/clerk
$0
Justin Ansewitz
Director
$0
Robert Muise
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$340,422
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $289,514
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$629,936
Total Program Service Revenue$2,568
Investment income $98
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $632,602

Grants Awarded

Over the last fiscal year, Lynn Housing Authority Development Group Inc has awarded $108,947 in support to 2 organizations.

Grant RecipientAmount

LYNN PUBLIC SCHOOLS

PURPOSE: SEIMER "RISE" PROGRAM

$63,430

LYNN HOUSING AUTHORITY

PURPOSE: HMIS - EMEREGENCY SOLUTIUION COVID-19

$45,517
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lynn Housing Authority Development Group Inc has recieved totaling $319,127.

Awarding OrganizationAmount
United Way Of Massachusetts Bay Inc

Boston, MA

PURPOSE: Community Impact

$319,127
View Grant Recipient Profile

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