2022-07-22T11:39:00-05:00 2021-09-30 872525370 CITRIN COOPERMAN ADVISORS LLC 30 BRAINTREE HL OFFICE PARK STE 300 BRAINTREE MA 02184 990 2020-10-01 042378885 LEO INC LEOI 7815817220 156 BROAD STREET LYNN MA 01901 KARA MURPY CHIEF FINANCIAL OFFICER 7815817220 2022-07-21 1 KARA MURPY 999009999 POPI KARDARIS BARRETT P00783110 7813562000 2022-07-21 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z KARA MURPHY 156 BROAD STREET LYNN MA 01901 12741162 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. 14 14 148 331 0 0 11993544 12502187 59827 0 23511 8548 139386 230427 12216268 12741162 0 0 0 0 6319428 6805039 0 0 0 5641253 4992607 11960681 11797646 255587 943516 12216141 14551712 3681072 5073127 8535069 9478585 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 5443526 0 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. 3492424 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. 1249665 127987 COMMUNITY SERVICE PROGRAM - SERVICES TO STABILIZE INDIVIDUALS FACING FINANCIAL EMERGENCIES AS A RESULT OF POVERTY. 10185615 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 31 0 1 148 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 14 14 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 156 BROAD STREET LYNN MA 01901 BIRGITTA DAMON CHIEF EXECUTIVE OFFICER 40.00 X 163442 0 27708 RUTH NJOROGE CONTROLLER / CFO (UNTIL MARCH 2021) 40.00 X 115529 0 16640 BRIDGET BERTRAND PROGRAM DIRECTOR 40.00 X 116229 0 8033 LILIAN ROMERO CHIEF PROGRAM OFFICER 40.00 X 116229 0 11698 LISA MCFADDEN DEVELOPMENT DIRECTOR 40.00 X 103846 0 13094 JAMES HIGGS PRESIDENT 0.50 X X 0 0 0 JAMES LOW TREASURER 0.50 X X 0 0 0 KARA MURPHY CFO 40.00 X 0 0 0 KIMBERLY ROWE CUMMINGS CLERK 0.50 X X 0 0 0 PASTOR POSAN UNG VICE PRESIDENT 0.50 X X 0 0 0 THELMA VELASQUEZ ASST. CLERK 0.50 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 JAY MACMANUS DIRECTOR 0.50 X 0 0 0 JOHN AUGERI DIRECTOR 0.50 X 0 0 0 JOYCE M REEN DIRECTOR 0.50 X 0 0 0 MARILYN FOSTER DIRECTOR 0.50 X 0 0 0 ROBERT EASTMAN DIRECTOR 0.50 X 0 0 0 615275 0 77173 5 0 1 0 JEFF LAMBRAY ENTERPRISES LLC 100 CUMMINGS CENTRE SUITE 328K BEVERLY MA 01915 WEATHERIZATION SERVICES 162057 ATLANTIC WEATHERIZATION LLC 61R JEFFERSON AVENUE SALEM SALEM MA 01970 WEATHERIZATION SERVICES 156010 2 11876240 625947 52069 12502187 8548 8548 102440 0 102440 102440 102440 MISCELLANEOUS 900099 127987 127987 127987 12741162 127987 0 110988 234665 234665 5191787 4545957 645830 201070 169443 31627 662975 553046 109929 514542 438839 75703 155476 45564 109912 40330 39608 722 220262 196576 23686 379068 258292 120776 183611 123314 60297 67455 7141 60314 CONSUMER ASSISTANCE, SU 3438445 3431781 6664 MISCELLENEOUS 121332 51623 69709 STAFF TRAINING 115847 106954 8893 FOOD 76092 72159 3933 194689 145318 49371 11797646 10185615 1612031 0 5699388 6000580 829021 665817 502091 2568070 101686 136618 7426512 2471136 4887861 4955376 196094 225251 12216141 14551712 662829 814955 534873 2828389 1513670 1429783 969700 0 3681072 5073127 X 6496763 8229410 2038306 1249175 8535069 9478585 12216141 14551712 943516 0 X X 0 1 X 1 1 1 X 10177323 10624643 11875094 12038294 12554256 57269610 10177323 10624643 11875094 12038294 12554256 57269610 57269610 9233 18460 45643 23511 8548 105395 131103 119487 113638 106804 102440 573472 2884 3584 14559 31630 127987 180644 58129121 406923 0.98520 0.98840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1242611 1242611 5819000 2358698 3460302 87208 15086 72122 277693 97352 180341 4955376 X 12777756 36594 36594 12741162 0 12741162 11834240 36594 36594 11797646 0 11797646 PART X, LINE 2: LEO INC. 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. LEO INC. 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, 2021 AND 2020, 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, 2021 AND 2020. X X 0 0 0 0 0 0 0 0 0 BIRGITTA DAMON CHIEF EXECUTIVE OFFICER 163442 0 0 0 0 0 0 0 27708 0 191150 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 87685 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 52069 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.