2019-04-16T11:14:44-05:00 2018-09-30 222428965 CITRIN COOPERMAN & COMPANY LLP 10 FORBES ROAD WEST BRAINTREE MA 02184 990 2017-10-01 042378885 LYNN ECONOMIC OPPORTUNITY INC LYNN 7815817220 156 BROAD STREET LYNN MA 01901 BIRGITTA SDAMON CHIEF EXECUTIVE OFFICER 7815817220 2019-04-03 1 JEFFREY ALVANAS P01988325 7813562000 2019-04-03 38.108.113.34 2019-04-03 17:12:25 ED P 909F7D5016A439BE6895B600A71337FCDDD25B95 49E0C2EB0CD24FCFF40CC6D47D4AC943205EF40A 2017 2019-02-21 02:37:17Z BIRGITTA S DAMON 156 BROAD STREET LYNN MA 01901 10897148 0 X WWW.LEOINC.ORG X 1964 MA LYNN ECONOMIC OPPORTUNITY, INC. (LEO) 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. 13 13 165 372 119487 -25886 10170897 10624643 119160 104769 10733 18460 133987 123071 10434777 10870943 0 0 0 0 5690434 5913575 0 0 0 4402596 4819372 10093030 10732947 341747 137996 9844439 9508524 2968322 2494411 6876117 7014113 LYNN ECONOMIC OPPORTUNITY, INC. PROVIDES A BROAD RANGE OF PROGRAMS TO ELIGIBLE LOW-INCOME RESIDENTS IN LYNN, MA AND ITS SURROUNDING COMMUNITIES TO ALLEVIATE THE IMMEDIATE IMPACTS OF POVERTY AND TO ESTABLISH PATHWAYS TO LONG-TERM FINANCIAL STABILITY. 0 0 5010932 0 104769 EARLY EDUCATION AND CHILD CARE SERVICES INCLUDE HEAD START (AGES 3-5), EARLY HEAD START (AGES BIRTH-3) AND AFTER SCHOOL CARE (AGES 5-12) AT FOUR CHILD CARE CENTERS IN LYNN, MA AND THROUGH A HOME-BASED COMPONENT. ANNUALLY, LEO PROVIDES SERVICES FOR MORE THAN 600 CHILDREN. THE PROGRAMS ARE BASED ON A COMPREHENSIVE SCHOOL READINESS CURRICULUM, NUTRITIONAL AND WELLNESS GOALS, HEALTH ASSESSMENTS AND BEHAVIORAL AND MENTAL HEALTH SUPPORT. LEO ALSO SERVES YOUNG WOMEN WHO ARE PREGNANT, UP TO AND BEYOND DELIVERY. 3753812 0 LYNN ECONOMIC OPPORTUNITY, 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. 495548 0 3584 COMMUNITY SERVICE PROGRAM - SERVICES TO STABILIZE INDIVIDUALS FACING FINANCIAL EMERGENCIES AS A RESULT OF POVERTY. 9260292 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 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 0 0 0 0 0 0 0 1 39 0 1 165 1 1 1 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X BIRGITTA S DAMON 7815817220 156 BROAD STREET LYNN MA 01901 FRAN TROUTMAN DIRECTOR 0.50 X 0 0 0 MARILYN FOSTER DIRECTOR 0.50 X 0 0 0 JOYCE REEN DIRECTOR 0.50 X 0 0 0 JOHN AUGERI DIRECTOR 0.50 X 0 0 0 KIMBERLY ROWE-CUMMINGS DIRECTOR 0.50 X 0 0 0 DIANE PEREZ DIRECTOR 0.50 X 0 0 0 JAY MCMANUS DIRECTOR 0.50 X 0 0 0 THELMA VELASQUEZ DIRECTOR 0.50 X 0 0 0 PASTOR POSAN UNG DIRECTOR 0.50 X 0 0 0 MARION CANIZARO DIRECTOR 0.50 X 0 0 0 JAMES HIGGS PRESIDENT 0.50 X X 0 0 0 JIM LOW TREASURER 0.50 X X 0 0 0 JAMES CARRIGAN VICE PRESIDENT 0.50 X X 0 0 0 BIRGITTA DAMON CHIEF EXECUTIVE OFFICER 40.00 X 145271 0 24123 KRISTINA TECCE CHIEF FINANCIAL & OPERATING OFFICER 40.00 X 127739 0 13022 LILIAN ROMERO CHIEF PROGRAM OFFICER 40.00 X 100549 0 9432 373559 0 46577 3 0 1 0 JOHN'S FUEL SERVICE DBA JOHN'S OIL CO 15 AVON STREET LYNN MA 019051976 FUEL ASSISTANCE 353966 JOHN'S FUEL SERVICE INC 15 AVON STREET LYNN MA 019051976 HWAP 202633 ARCTIC OIL COMPANY INC 172 BOSTON STREET LYNN MA 01904 FUEL ASSISTANCE 100095 3 4786 10558411 61446 10624643 PARENT AND OTHER PROGRAM 900099 104769 104769 104769 18460 18460 119487 0 119487 119487 119487 26205 4786 26205 0 MISCELLANEOUS 900099 3584 3584 3584 10870943 108353 119487 18460 310155 310155 4393333 3857235 536098 763916 624161 139755 446171 374914 71257 177689 129956 47733 54851 52997 1854 166311 97999 68312 419432 288117 131315 20969 18851 2118 196504 133005 63499 70194 5733 64461 CONSUMER ASSISTANCE, SU 3392161 3389748 2413 FOOD 120155 118905 1250 STAFF TRAINING 90940 90531 409 DUES 41415 28656 12759 68751 49484 19267 10732947 9260292 1472655 0 3841686 3688907 82702 25000 498864 375803 53314 56582 7072265 1900896 5367873 5171369 0 190863 9844439 9508524 789899 653743 425787 169441 1752636 1671227 2968322 2494411 X 5830438 6101598 1045679 912515 6876117 7014113 9844439 9508524 137996 0 X X 0 1 X 1 1 1 X 10066889 10172047 10275748 10177323 10624643 51316650 10066889 10172047 10275748 10177323 10624643 51316650 51316650 2326 1931 11744 9233 18460 43694 1040 131103 119487 251630 21715 33482 10554 2884 3584 72219 51684193 223929 0.99290 0.99530 X 1234551 1234551 2732006 700540 2031466 3007653 1126028 1881625 11098 9396 1702 86957 64932 22025 5171369 X 11546044 648896 26205 675101 10870943 0 10870943 11408048 648896 26205 675101 10732947 0 10732947 PART X, LINE 2: LYNN ECONOMIC OPPORTUNITY INC. (LEO) ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND 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 STANDARD ALSO PROVIDES GUIDANCE ON RECOGNITION, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. MANAGEMENT BELIEVES THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRASING EXPENSES INCLUDED IN REVENUE 26,205. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRASING EXPENSES INCLUDED IN REVENUE 26,205. FIESTA DE LEO 30991 4786 26205 26205 30991 4786 26205 26205 26205 0 X X 0 0 0 0 0 0 0 0 0 BIRGITTA DAMON CHIEF EXECUTIVE OFFICER 145271 0 0 0 0 0 0 0 24123 0 169394 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE CONDUCTS A SURVEY OF ORGANIZATIONS SIMILAR IN SIZE AND MISSION TO LYNN ECONOMIC OPPORTUNITY, 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 LYNN ECONOMIC OPPORTUNITY, 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 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 EXECUTIVE 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 LYNN ECONOMIC OPPORTUNITY, 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 LYNN ECONOMIC OPPORTUNITY, 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 LYNN ECONOMIC OPPORTUNITY INC.'S FEDERAL FORM 990 IS AVAILABLE TO THE GENERAL PUBLIC AT WWW.GUIDESTAR.ORG. LYNN ECONOMIC OPPORTUNITY 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 LYNN ECONOMIC OPPORTUNITY, INC.'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.