LYNN HOME FOR ELDERLY PERSONS: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- LYNN HOME FOR ELDERLY PERSONS (EIN 04-2400070)
- Tax period
- 2023-09-01 to 2024-08-31
- Filed
- 2025-01-15
- IRS object ID
- 202510159349100326
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Land Etc Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-01-15T10:07:28-05:00 | ReturnTs |
| Tax Period End | 2024-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 043395132 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAN CLASBY & COMPANY | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 CUMMINGS CENTER SUITE 238C | AddressLine1Txt |
| City | BEVERLY | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01915 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042400070 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LYNN HOME FOR ELDERLY PERSONS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LYNN | BusinessNameControlTxt |
| Phone | 7815938099 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE ATLANTIC TERRACE | AddressLine1Txt |
| City | LYNN | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01902 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ELYSE FANNON | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 7815938099 | PhoneNum |
| Signature | 2024-12-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DANIEL E CLASBY | PreparerPersonNm |
| PTIN | P01269589 | PTIN |
| Phone | 9789229900 | PhoneNum |
| Preparation | 2025-01-15 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $38,428,477 | FMVAssetsEOYAmt |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $394,436 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $769,284 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $769,284 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $769,284 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,618,908 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,104,163 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,618,908 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $2,659 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $858,326 | OtherIncomeRevAndExpnssAmt |
| Other Income Adj Net Incm | $858,326 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $3,640,954 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,388,192 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $1,630,269 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $132,745 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $132,745 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $1,285,312 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $1,285,312 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $81,075 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $81,075 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $2,665 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $2,665 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $11,150 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $5,250 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $5,250 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $5,900 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $99,249 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $97,630 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $1,619 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $150,862 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $119,062 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $87,154 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $603,987 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $205 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $205 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $603,782 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,454,199 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $103,085 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $5,455 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,232,160 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,454,199 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $103,085 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $5,455 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,232,160 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,186,755 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,285,107 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $1,624,814 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,089,223 | CashBOYAmt |
| Cash EOY | $866,230 | CashEOYAmt |
| Cash EOYFMV | $866,230 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $387,578 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $775,769 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $775,769 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $4,689,924 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $4,439,698 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $4,439,698 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $21,874,052 | CorporateStockBOYAmt |
| Corporate Stock EOY | $25,989,485 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $25,989,485 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $5,803,269 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $5,538,030 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $5,538,030 | CorporateBondsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $2,511,598 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,692,333 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $797,723 | LandBOYAmt |
| Land EOY | $819,265 | LandEOYAmt |
| Land EOYFMV | $819,265 | LandEOYFMVAmt |
| Total Assets BOY | $34,641,769 | TotalAssetsBOYAmt |
| Total Assets EOY | $38,428,477 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $38,428,477 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $259 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $2,181 | AccountsPayableEOYAmt |
| Other Liabilities EOY | $20,071 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $259 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $22,252 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $34,641,510 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $38,406,225 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $34,641,510 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $38,406,225 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $34,641,769 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $38,428,477 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $34,641,510 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,186,755 | ExcessRevenueOverExpensesAmt |
| Other Increases | $2,577,960 | OtherIncreasesAmt |
| Subtotal | $38,406,225 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $38,406,225 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| SEE ATTACHED LT | P | 2016-08-31 | 2024-08-31 | $6,018,410 | $4,402,161 | $1,616,249 | $1,616,249 |
| VERALTO CORP | P | 2023-09-15 | 2023-11-02 | $25,564 | $32,534 | -$6,970 | -$6,970 |
| CHS SCHWAB CORP 940 SHS | P | 2023-03-28 | 2023-12-12 | $60,189 | $50,560 | $9,629 | $9,629 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,618,908 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $2,659 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $31,763 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $31,763 | SubtotalAmt |
| Tax Based On Investment Income | $31,763 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $30,300 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $30,300 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $91 | EsPenaltyAmt |
| Tax Due | $1,554 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.LYNNHOMEFORELDERLY.ORG | WebsiteAddressTxt |
| Individual With Books | THE TREASURER | IndividualWithBooksNm |
| Phone | 7815938099 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE ATLANTIC TERRACE | AddressLine1Txt |
| City | LYNN | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01902 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (17 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| JOHN BARNES | ||||||||
| 15 PARSONS DR | SWAMPSCOTT | MA | 01907 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| CARRIE BAIRD | ||||||||
| ONE ATLANTIC TERRACE | LYNN | MA | 01902 | ADMINISTRATO | 40.00 | $125,245 | $19,221 | $0 |
| EILEEN MCCARTHY | ||||||||
| 78 SPRINGVIEW DR | LYNN | MA | 01904 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| GAIL ROBERTS | ||||||||
| 12 FLAX POND RD | LYNN | MA | 01904 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| KIM WALLACE | ||||||||
| 32 ESSEX ST | LYNN | MA | 01902 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JUDY WEBER | ||||||||
| 52 APPLE BLOSSOM LANE | LYNN | MA | 01904 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| RITA DORNEY | ||||||||
| 145 GOODALE ST | W PEABODY | MA | 01960 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| DIANE GEANEY | ||||||||
| 32B SEA BREEZE LANE | NAHANT | MA | 01908 | VP | 2.00 | $0 | $0 | $0 |
| DON COMEAU | ||||||||
| 32B SEA BREEZE LANE | NAHANT | MA | 01908 | ASST. TREASU | 2.00 | $7,187 | $0 | $0 |
| CHRISTINE BARNES | ||||||||
| 15 PARSONS DR | SWAMPSCOTT | MA | 01907 | CLERK | 2.00 | $0 | $0 | $0 |
| ELIZABETH DEMAYO | ||||||||
| 1 ELMWOOD CIRCLE | PEABODY | MA | 01960 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| ELYSE FANNON | ||||||||
| 11 SOUTH VIEW ROAD | LYNN | MA | 01904 | TREASURER | 2.00 | $313 | $0 | $0 |
| PATRICIA MCCARTHY | ||||||||
| 78 SPRINGVIEW DR | LYNN | MA | 01904 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| ANDREA WILLIAMS | ||||||||
| 38 ENDICOTT ST | LYNN | MA | 01902 | PRESIDENT | 2.00 | $0 | $0 | $0 |
| TERRIE STULTZ | ||||||||
| 3 SUSAN DR | LYNN | MA | 01904 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| TED BALL | ||||||||
| 16 PARSONS DRIVE | SWAMPSCOTT | MA | 01907 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| BRIAN JENKINS | ||||||||
| 47 GLEN AVE | LYNN | MA | 01905 | DIRECTOR | 1.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt |
|---|---|---|---|---|---|---|---|
| WANDA WILSON | |||||||
| ONE ATLANTIC TERRACE | LYNN | MA | 01902 | NURSE MGR. | 40.00 | $94,440 | $15,011 |
| MAURA PATRIARCA | |||||||
| ONE ATLANTIC TERRACE | LYNN | MA | 01902 | NURSE | 40.00 | $88,030 | $3,396 |
| EVELYN PINA | |||||||
| ONE ATLANTIC TERRACE | LYNN | MA | 01902 | NURSE | 40.00 | $82,279 | $7,987 |
| MARIE MCCARTHY | |||||||
| ONE ATLANTIC TERRACE | LYNN | MA | 01902 | BUSINESS OFF | 40.00 | $63,932 | $10,508 |
| YISELENA DILONE | |||||||
| ONE ATLANTIC TERRACE | LYNN | MA | 01902 | NURSE | 40.00 | $66,963 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 4 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CORIENT | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE POST OFFICE SQUARE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT MGT | ServiceTypeTxt |
| Compensation | $97,630 | CompensationAmt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE FOUNDATION OPERATES A NURSING HOME FOR CITIZENS OF THE GREATER LYNN AREA OVER THE AGE OF 65. THE HOME HOUSES 31 RESIDENTS AS OF 8/31/24. | Description1Txt |
| Expenses1 | $2,232,160 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $33,178,460 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,100,745 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $35,279,205 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $35,279,205 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $529,188 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $34,750,017 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,737,501 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,232,160 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $2,232,160 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Qualifying Distributions | $2,232,160 | QualifyingDistributionsAmt |
| Remaining Distri From Corpus | $2,232,160 | RemainingDistriFromCorpusAmt |
| Total Corpus | $2,232,160 | TotalCorpusAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 1985-09-01 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,624,814 | CurrentYearAmt |
| Year1 | $1,578,402 | Year1Amt |
| Year2 | $1,745,511 | Year2Amt |
| Year3 | $1,352,362 | Year3Amt |
| Total | $6,301,089 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,381,092 | CurrentYearAmt |
| Year1 | $1,341,642 | Year1Amt |
| Year2 | $1,483,684 | Year2Amt |
| Year3 | $1,149,508 | Year3Amt |
| Total | $5,355,926 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,232,160 | CurrentYearAmt |
| Year1 | $2,129,648 | Year1Amt |
| Year2 | $2,181,914 | Year2Amt |
| Year3 | $2,170,425 | Year3Amt |
| Total | $8,714,147 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,232,160 | CurrentYearAmt |
| Year1 | $2,129,648 | Year1Amt |
| Year2 | $2,181,914 | Year2Amt |
| Year3 | $2,170,425 | Year3Amt |
| Total | $8,714,147 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,158,334 | CurrentYearAmt |
| Year1 | $1,052,268 | Year1Amt |
| Year2 | $1,163,674 | Year2Amt |
| Year3 | $1,146,993 | Year3Amt |
| Total | $4,521,269 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $769,284 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,618,908 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BOARDING INCOME | Desc |
| Exclusion | 16 | ExclusionCd |
| Exclusion | $858,326 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $3,246,518 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,246,518 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (4 entries)
| ContributorContributorNum | Business Name Line2ContributorBusinessName/BusinessNameLine2Txt | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|---|
| ANNIE WILSON TRUST | |||||||
| 1 | C/O BANK OF AMERICA | PO BOX 366 | PROVIDENCE | RI | 029030366 | $38,997 | Yes (X) |
| HENRY DOWNING TRUST | |||||||
| 2 | PO BOX 765 | MANCHESTER | MA | 019440765 | $23,163 | Yes (X) | |
| GEORGE BARNARD TRUST | |||||||
| 3 | C/O BANK OF AMERICA | PO BOX 366 | PROVIDENCE | RI | 029030366 | $13,541 | Yes (X) |
| COMM OF MASSACHUSETTS | |||||||
| 4 | 250 WASHINGTON ST | BOSTON | MA | 02108 | $316,338 | Yes (X) | |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $11,150 | Amt |
| Net Investment Income | $5,250 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $5,250 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $5,900 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | DEPRECIATION | PropertyDesc |
| Current Year Expense | $87,154 | CurrentYearExpenseAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (2 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| CORPORATE BONDS | $4,600,282 | $4,600,282 |
| FIXED INCOME MUTUAL FUNDS | $937,748 | $937,748 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORPORATE STOCKS | StockNm |
| EOY Book Value | $25,989,485 | EOYBookValueAmt |
| EOYFMV | $25,989,485 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $4,439,698 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $4,439,698 | USGovtObligationsEOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | LAND BLDG & EQ | CategoryOrItemTxt |
| Cost Or Other Basis | $2,511,598 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $1,692,333 | AccumulatedDepreciationAmt |
| Book Value | $819,265 | BookValueAmt |
| EOYFMV | $819,265 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $2,665 | LegalFeesAmt |
| Disbursements Charitable Prps | $2,665 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (24 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|
| EXPENSES | ||||
| AUTOMOBILE EXP | $9,322 | $9,322 | ||
| BURIAL EXP | $1,207 | $1,207 | ||
| CASUAL LABOR | $3,434 | $3,434 | ||
| MEDICAL CARE | $36,128 | $36,128 | ||
| DRUGS & MEDICINES | $36,956 | $36,956 | ||
| FOOD | $103,828 | $103,828 | ||
| HAIRDRESSER EXPENSES | $5,352 | $5,352 | ||
| INSURANCE-RESIDENTS | $39,952 | $39,952 | ||
| INSURANCE-LIABILITY | $63,118 | $63,118 | ||
| LANDSCAPING | $20,506 | $20,506 | ||
| LAUNDRY & LINEN | $3,631 | $3,631 | ||
| MISC. CARE & ACTIVITIES | $33,826 | $33,826 | ||
| OFFICE & MISCELLANEOUS | $12,334 | $12,334 | ||
| PAYROLL SERVICE | $10,443 | $10,443 | ||
| REPAIRS & MAINTENANCE | $68,439 | $68,439 | ||
| SPENDING MONEY-RESIDENTS | $15,187 | $15,187 | ||
| SUPPLIES | $33,877 | $33,877 | ||
| TELEPHONE & CABLE | $24,597 | $24,597 | ||
| UTILITIES | $55,134 | $55,134 | ||
| MARKETING & ADVERTISING | $13,381 | $13,381 | ||
| BANK FEES | $215 | $10 | $205 | $205 |
| IT EXPENSES | $9,993 | $9,993 | ||
| COVID EXPENSES | $3,127 | $3,127 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BOARDING INCOME | Desc |
| Revenue And Expenses Per Books | $858,326 | RevenueAndExpensesPerBooksAmt |
| Adjusted Net Income | $858,326 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NET UNREALIZED GAIN-INVESTMENTS | Desc |
| Amt | $2,577,960 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REFUNDABLE ENTRANCE FEE | Desc |
| EOY Book Value | $20,071 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MGT FEES | $97,630 | $97,630 | |
| 401K PLAN ADMIN SERVICES | $1,424 | $1,424 | |
| SECTION 125 PLAN | $195 | $195 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| PAYROLL TAXES | $119,062 | $119,062 |
| FEDERAL INCOME TAXES | $31,800 |
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