2023-07-10T15:53:25-05:00 2022-09-30 872525370 CITRIN COOPERMAN ADVISORS LLC 30 BRAINTREE HL OFFICE PARK STE 300 BRAINTREE MA 02184 990 2021-10-01 042378885 LEO INC LEOI 7815817220 PO BOX 711 LYNN MA 01903 KARA MURPHY CHIEF FINANCIAL OFFICER 7815817220 2023-07-05 1 KARA MURPHY 999009999 PAULA VUKSIC P00360739 7813562000 2023-07-05 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z KARA MURPHY PO BOX 711 LYNN MA 01903 18267764 0 X WWW.LEOINC.ORG X 1964 MA LEO INC. WORKS TO ALLEVIATE THE IMMEDIATE IMPACT OF POVERTY AND TO PROVIDE PATHWAYS TO FINANCIAL STABILITY FOR INDIVIDUALS AND FAMILIES, AS WELL AS STRENGTHEN THE GREATER COMMUNITY OF LYNN AND ITS SURROUNDING TOWNS. 11 11 149 363 0 0 12502187 18104369 0 8470 8548 3574 230427 151351 12741162 18267764 0 0 0 0 6805039 7453035 0 0 0 4992607 7707317 11797646 15160352 943516 3107412 14551712 14326514 5073127 1740517 9478585 12585997 LEO INC.'S MISSION IS TO STRENGTHEN THE GREATER LYNN COMMUNITY THROUGH RESOURCES AND SERVICES THAT PROVIDE OPPORTUNITIES FOR CHILDREN, FAMILIES AND INDIVIDUALS TO THRIVE. 0 0 5984982 EARLY CHILDHOOD DEVELOPMENT SERVICES INCLUDE HEAD START (AGES 3-5) AT THREE PRESCHOOL SITES IN LYNN, MA AND EARLY HEAD START (AGES 6 WEEKS-3 YEARS) AT ONE ADDITIONAL SITE IN LYNN. EARLY HEAD START INCLUDES A HOME-BASED COMPONENT AND ALSO SERVES WOMEN WHO ARE PREGNANT, UP TO AND BEYOND DELIVERY. IN THE PAST YEAR, LEO HAD 403 CHILDREN ENROLLED IN ITS PROGRAMS, WHICH ARE BASED ON A COMPREHENSIVE SCHOOL READINESS CURRICULUM, NUTRITIONAL AND WELLNESS GOALS, HEALTH ASSESSMENTS, AND BEHAVIORAL AND MENTAL HEALTH SUPPORT. 5762926 LEO INC. PROVIDES FUEL ASSISTANCE THROUGH THE MASSACHUSETTS LOW INCOME HOUSING ENERGY ASSISTANCE PROGRAM (LIHEAP), WHICH PROTECTS ELIGIBLE LOW-INCOME HOUSEHOLDS FROM THE HIGH COST OF HOME HEATING. ELIGIBILITY AND BENEFITS ARE BASED ON FAMILY SIZE AND INCOME. ANNUALLY, LEO SERVES APPROXIMATELY 3,000 HOUSEHOLDS AND NEARLY 7,000 INDIVIDUALS. THE MAJORITY OF HOUSEHOLDS SERVED INCLUDE A CHILD UNDER THE AGE OF 5, A RESIDENT AGE 60 OR OLDER, OR AN INDIVIDUAL WITH DISABILITIES. LEO'S WEATHERIZATION AND ENERGY CONSERVATION OFFICE IMPROVES HOMES BY ADDRESSING DAMAGED, UNSAFE OR INEFFICIENT SYSTEMS IN RESIDENCES THAT QUALIFIED THROUGH LIHEAP. 1552584 63922 COMMUNITY SERVICE PROGRAM - SERVICES TO STABILIZE INDIVIDUALS FACING FINANCIAL EMERGENCIES AS A RESULT OF POVERTY. 13300492 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 85 0 1 149 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X KARA MURPHY 7815817220 PO BOX 711 LYNN MA 01903 JAMES HIGGS PRESIDENT 0.50 X X 0 0 0 JAMES LOW TREASURER 0.50 X X 0 0 0 KIMBERLY ROWE-CUMMINGS CLERK 0.50 X X 0 0 0 POSAN UNG VICE PRESIDENT 0.50 X X 0 0 0 DIANE PEREZ DIRECTOR 0.50 X 0 0 0 HELINA FONTES DIRECTOR 0.50 X 0 0 0 JACQUELINE GALLO DIRECTOR 0.50 X 0 0 0 JANE LAVIOE DIRECTOR 0.50 X 0 0 0 JOYCE M REEN DIRECTOR 0.50 X 0 0 0 ADRIANA MOSCHELLA-BEGIN 122 DIRECTOR 0.50 X 0 0 0 PAOLA COLUNGA-BEGIN 1021 DIRECTOR 0.50 X 0 0 0 ROBERT EASTMAN-END 1221 DIRECTOR 0.50 X 0 0 0 JOHN AUGERI-END 1221 DIRECTOR 0.50 X 0 0 0 JAY MCMANUS-END 1221 DIRECTOR 0.50 X 0 0 0 THELMA VELASQUEZ-END 222 DIRECTOR 0.50 X 0 0 0 MARILYN FOSTER-END 322 DIRECTOR 0.50 X 0 0 0 BIRGITTA S DAMON CHIEF EXECUTIVE OFFICER 40.00 X 170168 0 31531 KARA MURPHY CFO-BEGIN 7/2021 18.00 X 62469 0 2507 RUTH N NJOROGE CFO-END 2/2021 7.00 X 23656 0 3685 BRIDGET G BERTRAND PROGRAM DIRECTOR 40.00 X 123018 0 8147 LILIAN ROMERO CHIEF PROGRAM OFFICER 40.00 X 122468 0 16623 LISA MCFADDEN DEVELOPMENT DIRECTOR 40.00 X 109891 0 14154 JENNIFER L MAUCHE DIRECTOR OF HR 40.00 X 102376 0 26160 714046 0 102807 7 0 1 0 SV DESIGN LLC 126 DODGE ST BEVERLY MA 01915 ARCHITECTURAL DESIGN 166005 1 14574903 3529466 50422 18104369 PARENT AND OTHER PROGRAM 990009 8470 8470 8470 3574 3574 95899 0 95899 95899 95899 MISCELLANEOUS 900099 55452 55452 55452 18267764 63922 0 99473 316034 316034 5580636 4829934 750702 223895 186420 37475 787461 647421 140040 545009 462026 82983 116458 44580 71878 103795 99226 4569 133187 80105 53082 27614 17068 10546 201198 141472 59726 61178 2076 59102 CONSUMER ASSISTANCE, SU 6332176 6297584 34592 FOOD 147133 143086 4047 REPAIRS AND MAINTENANCE 113207 94149 19058 STAFF TRAINING 108083 97437 10646 363288 157908 205380 15160352 13300492 1859860 0 6000580 5201697 665817 2717032 2568070 799433 136618 186973 7437317 2661234 4955376 4776083 225251 645296 14551712 14326514 814955 976918 2828389 763599 1429783 5073127 1740517 X 8229410 8120805 1249175 4465192 9478585 12585997 14551712 14326514 3107412 0 X X 0 1 X 1 1 1 X 10624643 11875094 12038294 12554256 18051131 65143418 10624643 11875094 12038294 12554256 18051131 65143418 65143418 18460 45643 23511 8548 8470 104632 119487 113638 106804 102440 95899 538268 3584 14559 31630 127987 55452 233212 66019530 287763 0.98670 0.98520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1242611 1242611 5840903 2516266 3324637 76110 11599 64511 277693 133369 144324 4776083 X 18291837 24073 24073 18267764 0 18267764 15184425 24073 24073 15160352 0 15160352 PART X, LINE 2: THE AGENCY IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE AGENCY IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME, IF ANY. THE AGENCY ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC TOPIC INCOME TAXES. THIS TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THIS TOPIC ALSO PROVIDES GUIDANCE ON RECOGNITION, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AT SEPTEMBER 30, 2022 AND 2021, MANAGEMENT BELIEVES THAT THE AGENCY HAS NO MATERIAL UNCERTAIN TAX POSITIONS. ALTHOUGH THE AGENCY IS ORGANIZED AS A NONPROFIT ORGANIZATION, A PORTION OF THE NET INCOME GENERATED FROM RENTAL ACTIVITY, IF ANY, IS CONSIDERED UNRELATED BUSINESS INCOME AS ITS FACILITY LOCATED AT 156 BROAD STREET, LYNN, MASSACHUSETTS IS DEBT FINANCED AND PARTIALLY RENTED TO FOR-PROFIT CORPORATIONS. NO UNRELATED BUSINESS INCOME TAX WAS DUE AS A RESULT OF THIS ACTIVITY AS OF AND FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021. X X 0 0 0 0 0 0 0 0 0 BIRGITTA S DAMON CHIEF EXECUTIVE OFFICER 170168 0 0 0 0 0 0 0 31531 0 201699 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE CONDUCTS A SURVEY OF ORGANIZATIONS SIMILAR IN SIZE AND MISSION TO LEO INC., TAKING INTO CONSIDERATION ANY DIFFERENCES IN THE DUTIES PERFORMED BY THE VARIOUS CHIEF EXECUTIVE OFFICERS. THE BOARD THEN COMPARES THE RESULTS OF THE SURVEY WITH THE PERFORMANCE OF THE CHIEF EXECUTIVE OFFICER OF LEO INC. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 NONEAVAIL 2013-11-22 2106000 REFINANCE EXISTING DEBT AND CAPITAL IMPROVEMENTS TO REAL PROPERTY. 0 0 0 A 2106000 301794 1804206 2016 0 0 1 1 A 0 1 0 0 0.02550 0.02550 1 0 0 A 0 0 1 0 1 0 0 0 0 A 0 X 4 36740 FMV X OFFICE SUPPLIES AND SUBSCRIPTIONS 2 13682 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 WAS INITIALLY REVIEWED BY THE ORGANIZATION'S CHIEF FINANCIAL OFFICER. NEXT, THE DRAFT WAS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND FULL BOARD OF DIRECTORS. THE RETURN WAS REVIEWED AND DISCUSSED AT A BOARD MEETING AND THEN SIGNED BY THE CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY REQUIRES BOARD MEMBERS, OFFICERS AND ALL MANAGEMENT EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE EACH YEAR. THE QUESTIONNAIRE IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND THE BOARD PRESIDENT FOR ANY CONFLICTS. THE QUESTIONNAIRES OF THE CHIEF EXECUTIVE OFFICER AND THE BOARD PRESIDENT ARE REVIEWED BY THE OTHER MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE CONDUCTS A SURVEY OF ORGANIZATIONS SIMILAR IN SIZE AND MISSION TO LEO INC. TAKING INTO CONSIDERATION ANY DIFFERENCES IN THE DUTIES PERFORMED BY THE VARIOUS CHIEF EXECUTIVE OFFICERS. THE BOARD THEN COMPARES THE RESULTS OF THE SURVEY WITH THE PERFORMANCE OF THE CHIEF EXECUTIVE OFFICER OF LEO INC. THE CHIEF EXECUTIVE OFFICER IS RESPONSIBLE FOR SETTING AND DETERMINING WAGE RATES FOR KEY EMPLOYEES WITH RESPECT TO COMPARABLE SALARIES WITHIN THE SURROUNDING AREA. FORM 990, PART VI, SECTION C, LINE 18 LEO INC.'S FEDERAL FORM 990 IS AVAILABLE TO THE GENERAL PUBLIC AT WWW.GUIDESTAR.ORG. LEO INC.'S FORM 1023 IS AVAILABLE UPON REQUEST AS INDICATED IN PART VI SECTION C LINE 18. FORM 990, PART VI, SECTION C, LINE 19 LEO INC.'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.