2016-05-09T10:38:44-05:00 2015-09-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2014-10-01 042378885 LYNN ECONOMIC OPPORTUNITY INC LYNN 7815817220 156 BROAD STREET LYNN MA 01901 BIRGITTA S DAMON EXECUTIVE DIRECTOR 7815817220 2016-04-26 1 JEFFREY CICOLINI CPA P00837468 5083669100 2016-04-26 2014 2016-08-17 19:52:53Z BIRGITTA S DAMON 156 BROAD STREET LYNN MA 01901 10685404 0 X WWW.LEOINC.ORG X 1964 MA LYNN ECONOMIC OPPORTUNITY WORKS TO ALLEVIATE THE IMMEDIATE IMPACT OF POVERTY AND TO PROVIDE PATHWAYS TOWARD ECONOMIC STABILITY FOR FAMILIES AND INDIVIDUALS IN LYNN AND ITS SURROUNDING COMMUNITIES TO STRENGTHEN OUR OVERALL COMMUNITY. 16 16 115 143 0 0 10066889 10172047 383883 125134 9326 197315 21715 33482 10481813 10527978 0 0 0 0 5447541 5368976 0 0 0 4828163 4609738 10275704 9978714 206109 549264 7614124 9057553 3662852 3649323 3951272 5408230 X LYNN ECONOMIC OPPORTUNITY WORKS TO ALLEVIATE THE IMMEDIATE IMPACT OF POVERTY AND TO PROVIDE PATHWAYS TOWARD ECONOMIC STABILITY FOR FAMILIES AND INDIVIDUALS IN LYNN AND ITS SURROUNDING COMMUNITIES TO STRENGTHEN OUR OVERALL COMMUNITY. 0 1 4837164 125134 CHILD CARE INCLUDES HEAD START, EARLY HEAD START, AFTERSCHOOL, AND SUMMER CARE FOR PREGNANT WOMEN AND CHILDREN FROM BIRTH TO 12 YEARS OF AGE.*COMPREHENSIVE SCHOOL READINESS CURRICULUM*INCLUSIVE INFANT AND TODDLER PRESCHOOL PROGRAMS AT THREE SITES IN LYNN, MA*NUTRITIONALLY AND CULTURALLY DIVERSE MEALS*TRANSPORTATION FOR CHILDREN*HEALTH AND DENTAL ASSESSMENT FOLLOW-UP*FAMILY ADVOCACY AND SUPPORT*PARENT INVOLVEMENTTHE PRESCHOOL PROGRAM HAS THREE PROGRAMS, ONE IS FULL DAY/FULL YEAR FOR WORKING; ONE IS A SEASONAL FOUR HOUR PROGRAM AND THE INFANT TODDLER PROGRAM IS A 6 HOUR FULL DAY/FULL YEAR PROGRAM. 3601493 ENERGY ASSISTANCE - THE MASSACHUSETTS LOW INCOME HOUSING ASSISTANCE PROGRAM IS DESIGNED TO PROVIDE ASSISTANCE TO THE LOW-INCOME HOUSEHOLDS MOST VULNERNABLE TO THE HIGH COST OF HOME HEATING ENERGY. ELIGIBILITY IS BASED ON FAMILY SIZE AND INCOME OF THE ENTIRE HOUSEHOLD. 363918 33482 COMMUNITY SERVICE PROGRAM - SERVICES TO STABLIZE INDIVIDUALS FACING FINANCIAL EMERGENCIES AS A RESULT OF POVERTY. 8802575 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 3 0 1 115 1 0 0 0 0 0 0 0 0 0 0 X 16 16 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 1.00 0.00 X 0 0 0 LAURA GALLANT VICE PRESIDENT 1.00 0.50 X X 0 0 0 MARILYN FOSTER CLERK 1.00 0.00 X X 0 0 0 JAMES HIGGS PRESIDENT 1.00 0.50 X X 0 0 0 JIM LOW TREASURER 1.00 0.00 X X 0 0 0 MARY MAGNER DIRECTOR 1.00 0.50 X 0 0 0 KIRIRATH SAING DIRECTOR 1.00 0.00 X 0 0 0 CLAUDIA LOPEZ DIRECTOR 1.00 0.00 X 0 0 0 JOYCE REEN DIRECTOR 1.00 0.00 X 0 0 0 JOHN AUGERI DIRECTOR 1.00 0.00 X 0 0 0 KEVIN DONAHER DIRECTOR 1.00 0.00 X 0 0 0 MARION CANIZARO DIRECTOR 1.00 0.00 X 0 0 0 KIMBERLY ROWE-CUMMINGS DIRECTOR 1.00 0.00 X 0 0 0 DIANE PEREZ DIRECTOR 1.00 0.00 X 0 0 0 JAMES CARRIGAN DIRECTOR 1.00 0.00 X 0 0 0 CHRISTINA CASSANO DIRECTOR 1.00 0.00 X 0 0 0 YOVANNY FANA ASSISTANT CLERK (RESIGNED 6/8/15) 1.00 0.00 X X 0 0 0 SUSAN ANDERSON DIRECTOR (RESIGNED 1/21/15) 1.00 0.00 X 0 0 0 LAURA TRAHAN DIRECTOR (RESIGNED 10/15/14) 1.00 0.00 X 0 0 0 ROBERT EASTMAN DIRECTOR (RESIGNED 2/17/16) 1.00 0.00 X 0 0 0 KRISTINA TECCE CHIEF FINANCIAL OFFICER 39.00 1.00 X 55477 0 10555 BIRGITTA DAMON EXECUTIVE DIRECTOR 39.00 1.00 X 79492 0 21851 134969 0 32406 0 0 0 0 0 9949460 222587 10172047 PARENT FEES AND OTHER 900099 125134 125134 125134 1931 1931 352810 157426 195384 195384 195384 MISCELLANEOUS 900099 33482 33482 33482 10527978 158616 0 197315 287284 57422 229862 3978391 3544732 433659 60757 60732 25 659224 585542 73682 383320 324857 58463 9869 5381 4488 49634 1000 48634 164479 115066 49413 5211 4736 475 150894 72785 78109 448607 393720 54887 11071 9433 1638 3318 1147 2171 148883 146984 1899 92245 92245 CLIENT ASSISTANCE 2273197 2273197 WEATHERIZATION SUBCONTR 692372 692372 FOOD 170736 170626 110 PROGRAM SUPPLIES 113344 113344 275878 229499 46379 9978714 8802575 1176139 0 9491 284938 1030235 1534302 445707 457764 20205 5000 5038280 1169591 5393208 3868689 36560 35136 678718 2871724 7614124 9057553 616399 628813 126029 217212 2647962 2803298 272462 0 3662852 3649323 X 2803504 4300209 1147768 1108021 3951272 5408230 7614124 9057553 X 549264 907694 X X 0 1 X 1 1 1 X 12172105 10302861 10488020 10066889 10172047 53201922 12172105 10302861 10488020 10066889 10172047 53201922 53201922 2970 2189 2362 2326 1931 11778 2073 12297 21715 33482 69567 53283267 1634975 0.99850 0.99910 X PART II, LINE 10: OTHER INCOME REPRESENTS MISCELLANEOUS CASH RECEIPTS RELATED TO THE NUTRITION AND COMMUNITY SERVICE PROGRAMS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 765000 765000 4106636 1070340 3036296 53522 17021 36501 28778 14821 13957 84344 67409 16935 3868689 DUE FROM AFFILIATE 663124 PROPERTY HELD FOR SALE 2208600 2871724 X 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 ATTRIBUTE FOR THE COMBINING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. LEO HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE COMBINING FINANCIAL STATEMENTS AT SEPTEMBER 30, 2015. THE INFORMATION RETURNS OF LEO ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS AND GENERALLY REMAIN OPEN FOR THE MOST RECENT THREE YEARS. FORM 990, PART III, LINE 3 DURING FISCAL YEAR 2015, THE BOARD OF DIRECTORS VOTED TO TERMINATE THE SUPPORTIVE HOUSING PROGRAM. LEO BEGAN SELLING ITS REAL PROPERTY ASSOCIATED WITH THE SUPPORTIVE HOUSING PROGRAM DURING 2015 AND THE GAIN FROM THE SALE OF SAID PROPERTY IS REFLECTED AS REVENUE GENERATED FROM THE SUPPORTIVE HOUSING PROGRAM IN PART III, QUESTION 4D. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT COPY OF THE FORM 990 IS INITIALLY REVIEWED BY THE ORGANIZATION'S CHIEF FINANCIAL OFFICER. AFTER THE DRAFT IS REVIEWED BY THE EXECUTIVE DIRECTOR AND FULL BOARD OF DIRECTORS. THE REPORT IS REVIEWED AND DISCUSSED AT A BOARD MEETING AND THEN SIGNED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY REQUIRES BOARD MEMBERS, OFFICERS, AND ALL OTHER MANAGEMENT EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST QUESTIONAIRE EACH YEAR. THE QUESTIONAIRE IS REVIEWED THE EXECUTIVE DIRECTOR AND THE BOARD PRESIDENT FOR ANY CONFLICTS. THE QUESTIONAIRES OF THE EXECUTIVE DIRECTOR AND THE BOARD PRESIDENT ARE REVIEWED BY THE OTHER MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE FINANCE 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 EXECUTIVE DIRECTORS. THE BOARD THEN COMPARES THE RESULTS OF THE SURVEY WITH THE PERFORMANCE OF THE EXECUTIVE DIRECTOR OF LYNN ECONOMIC OPPORTUNITY, INC. THE EXECUTIVE DIRECTOR 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. WILL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND COMBINING FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: FAIR VALUE ADJUSTMENT-PROPERTY HELD FOR SALE 1,010,677. LOSS FROM DISCONTINUED OPERATIONS -102,983. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. LEO REAL ESTATE SERVICES INC 156 BROAD STREET LYNN MA 01901 431983781 RENTAL OF REAL ESTATE MA 501(C)(3) 509(A)(2) LYNN ECONOMIC OPPORTUNITY INC 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 LEO REAL ESTATE SERVICES INC K 154589 FAIR MARKET VALUE LEO REAL ESTATE SERVICES INC R 663124 FAIR MARKET VALUE