2015-08-13T07:56:48-05:00 2014-09-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2013-10-01 042378885 LYNN ECONOMIC OPPORTUNITY INC LYNN 7815817220 156 BROAD STREET LYNN MA 01901 BIRGITTA DAMON EXECUTIVE DIRECTOR 7815817220 2015-08-11 1 JEFFREY CICOLINI CPA P00837468 5083669100 2015-08-11 2013 2016-02-25 16:41:14Z BIRGITTA S DAMON 156 BROAD STREET LYNN MA 01901 10481813 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. 17 17 191 233 0 0 10488020 10066889 366300 383883 2362 9326 12297 21715 10868979 10481813 0 0 0 0 5673676 5447541 0 0 0 5134062 4828163 10807738 10275704 61241 206109 6936956 7614124 3191793 3662852 3745163 3951272 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 0 4179000 120696 CHILD CARE INCLUDES EARLY CHILDHOOD DEVELOPMENT, HEAD START, EARLY HEAD START, AND RELATED PROGRAMS FOR PREGNANT WOMEN AND CHILDREN FROM BIRTH TO 12 YEARS OF AGE.*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 INVOLVEMENT*VOLUNTEER OPPORTUNITIESTHE 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. 3486065 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. 693610 21715 NUTRITION AND COMMUNITY SERVICE PROGRAMS - LEO, INC. SERVICES MOSTLY LOW-INCOME FAMILIES AND WORKS WITH STATEWIDE AGENCIES TO AID FAMILIES IN OUT CATCHMENT AREA TO IDENTIFY NUTRITIONAL CONCERNS AND EMERGING ISSUES AND ADDRESS THOSE ISSUES BEFORE IT BECOMES A NATIONAL ISSUE. AN EXAMPLE OF THIS IS THAT LYNN HAS BEEN IDENTIFIED AS A CITY WITH A HIGH INCIDENCE OF CHILDREN WITH HIGH LEAD LEVELS. AT LEO, INC. WE WORK WITH THE LEAD PREVENTION PROGRAMS TO IDENTIFY AND THEN WORK WITH FAMILIES TO HELP BRING DOWN THOSE LEAD LEVELS. 364790 263187 SUPPORTIVE HOUSING- LEO ASSISTS RESIDENTS OF LYNN, MASSACHUSETTS BY HELPING THEM MAKE PAYMENTS TOWARDS THEIR RENTS AND MORTGAGES, THEREBY PREVENTING HOMELESSNESS. ADDITIONALLY, LEO ASSISTS RESIDENTS BY MAKING THEIR UTILITY PAYMENTS FOR THEM WHEN ASSISTANCE IS NEEDED. DURING THE LAST PROGRAM YEAR, APPROXIMATELY 50 HOUSHOLDS RECEIVED PAYMENTS TOWARDS THEIR RENT OR MORTGAE. APPROXIMATELY, 800 HOUSHOLDS RECEIVED PAYMENTS TOWARD THEIR UTILITIES THEREBY RESTORING SERVICE. 364790 263187 8723465 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 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 4 0 1 191 1 0 0 0 0 0 0 0 0 0 0 X 17 17 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 0.50 X X 0 0 0 LAURA GALLANT VICE PRESIDENT 1.00 0.50 X X 0 0 0 ROBERT EASTMAN DIRECTOR 1.00 0.00 X X 0 0 0 MARILYN FOSTER CLERK 1.00 0.00 X X 0 0 0 YOVANNY FANA ASSISTANT CLERK 1.00 0.00 X X 0 0 0 JAMES HIGGS PRESIDENT 1.00 0.00 X 0 0 0 JIM LOW TREASURER 1.00 0.00 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 NEILA STRAUB DIRECTOR (RESIGNED 4/26/14) 1.00 0.00 X 0 0 0 ANDRE BENNETT DIRECTOR (RESIGNED 4/26/14) 1.00 0.00 X 0 0 0 SUSAN ANDERSON DIRECTOR 1.00 0.00 X 0 0 0 LLOYD HOLMES DIRECTOR (RESIGNED 2/26/14) 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 AGUERI 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 LAURA TRAHAN DIRECTOR 1.00 0.00 X 0 0 0 JOHN MOGIELNICKI LEFT 103113 EXECUTIVE DIRECTOR 39.00 1.00 X 141092 0 0 ANNMARIE KARAYIANES LEFT 7114 COO/INTERIM ED 39.00 1.00 X 97775 0 33157 JAMES WILLIAMS LEFT 3114 CHIEF FINANCIAL OFFICER 39.00 1.00 X 87316 0 15300 KRISTINA TECCE BEGAN 3114 CHIEF FINANCIAL OFFICER 39.00 1.00 X 0 0 0 BIRGITTA DAMON BEGAN 5114 EXECUTIVE DIRECTOR 39.00 1.00 X 0 0 0 326183 0 48457 1 0 0 0 0 9980232 86657 10066889 RENTAL INCOME 900099 263187 263187 PARENT FEES AND OTHER 900099 120696 120696 383883 2326 2326 7000 0 7000 7000 7000 MISCELLANEOUS 900099 21715 21715 21715 10481813 405598 0 9326 301480 78275 223205 4068858 3371926 696932 126503 102318 24185 621691 443718 177973 329009 262559 66450 21435 16755 4680 44880 3754 41126 229265 99628 129637 3958 2959 999 110809 63807 47002 470737 393440 77297 7953 5028 2925 11704 1434 10270 192923 177580 15343 73520 64109 9411 CLIENT ASSISTANCE 2378126 2378126 WEATHERIZATION SUBCONTR 726285 726285 FOOD 180036 180036 VEHICLE FUEL & MAINTENA 88738 88738 287794 262990 24804 10275704 8723465 1552239 0 3053 9491 864545 1030235 491989 445707 4766 20205 6870150 1476942 5563008 5393208 0 36560 9595 678718 6936956 7614124 812691 616399 88054 126029 2018586 2647962 272462 272462 3191793 3662852 X 2594873 2803504 1150290 1147768 3745163 3951272 6936956 7614124 206109 0 X X 0 1 X 1 1 1 X 11301611 12172105 10302861 10488020 10066889 54331486 11301611 12172105 10302861 10488020 10066889 54331486 54331486 1809 2970 2189 2362 2326 11656 2073 12297 21715 36085 54379227 1903601 0.99910 0.99950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1136006 1136006 5531636 1342181 4189455 32160 14913 17247 28778 11285 17493 141570 108563 33007 5393208 DUE FROM AFFILIATE 678718 678718 CONDITIONAL DEBT 272462 272462 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, 2014. 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. 0 0 0 0 0 0 0 0 0 JOHN MOGIELNICKI LEFT 103113 EXECUTIVE DIRECTOR 141092 0 0 0 0 0 0 0 0 0 141092 0 0 0 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 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 108993 FAIR MARKET VALUE LEO REAL ESTATE SERVICES INC R 678718 FAIR MARKET VALUE