2014-08-15T13:58:12-05:00 2013-09-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2012-10-01 042378885 LYNN ECONOMIC OPPORTUNITY INC LYNN 7815817220 156 BROAD STREET LYNN MA 01901 ANNMARIE KARAYIANES 7815817220 2014-07-23 1 JEFFREY CICOLINI CPA P00837468 5083669100 2014-07-16 2012 2015-11-30 17:44:51Z BIRGITTA S DAMON 156 BROAD STREET LYNN MA 01901 10868979 0 X WWW.LEOINC.ORG X 1964 MA LYNN ECONOMIC OPPORTUNITY, INC. (LEO)'S MISSION AS THE LYNN AREA'S ANTI-POVERTY AGENCY IS TO ALLEVIATE THE IMMEDIATE EFFECTS OF POVERTY IN THE LYNN AREA WHILE STRIVING TO ELIMINATE ITS ROOT CAUSES, AND THEREBY IMPROVE THE QUALITY OF LIFE FOR ALL RESIDENTS OF THE LYNN AREA. CONSONANT WITH THE NATIONAL MISSION OF COMMUNITY ACTION, AS EXPECTED IN THE EQUAL OPPORTUNITY ACT OF 1964, LEO'S PURPOSE IS TO STIMULATE THE COMMITMENT OF PUBLIC AND PRIVATE RESOURCES TOWARD THE GOAL OF FACILITATING LOW INCOME FAMILIES AND INDIVIDUALS TO MOVE TOWARD CONSISTENT AND STABLE ECONOMIC MOBILITY. LEO RECOGNIZES THE NECESSITY OF ADDRESSING THE POLITICAL AND SOCIAL, AS WELL AS ECONOMIC BASES OF POVERTY. 15 15 220 422 0 0 10302861 10488020 375910 366300 2189 2362 2073 12297 10683033 10868979 0 0 0 0 5568117 5673676 0 0 0 4987593 5134062 10555710 10807738 127323 61241 7041194 6936956 3357272 3191793 3683922 3745163 X LYNN ECONOMIC OPPORTUNITY, INC. (LEO)'S MISSION AS THE LYNN AREA'S ANTI-POVERTY AGENCY IS TO ALLEVIATE THE IMMEDIATE EFFECTS OF POVERTY IN THE LYNN AREA WHILE STRIVING TO ELIMINATE ITS ROOT CAUSES, AND THEREBY IMPROVE THE QUALITY OF LIFE FOR ALL RESIDENTS OF THE LYNN AREA. 0 0 4580439 118549 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. 3668631 0 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. 744183 12297 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. 432127 247751 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. 432127 247751 9425380 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 2 0 220 1 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X X BIRGITTA S DAMON 7815817220 156 BROAD STREET LYNN MA 01901 FRAN TROUTMAN 1.00 X X 0 0 0 LAURA GALLANT 1.00 X X 0 0 0 ROBERT EASTMAN 1.00 X X 0 0 0 MARILYN FOSTER 1.00 X X 0 0 0 YOVANNY FANA 1.00 X X 0 0 0 JAMES HIGGS 1.00 X 0 0 0 JIM LOW 1.00 X 0 0 0 MARY MAGNER 1.00 X 0 0 0 KIRIATH SAING 1.00 X 0 0 0 NEILA STRAUB 1.00 X 0 0 0 ANDRE BENNETT 1.00 X 0 0 0 SUSAN ANDERSON 1.00 X 0 0 0 LLOYD HOLMES 1.00 X 0 0 0 CLAUDIA LOPEZ 1.00 X 0 0 0 JOYCE REEN 1.00 X 0 0 0 JOHN MOGIELNICKI 40.00 X 133508 3514 113991 ANNMARIE KARAYIANES 40.00 X 83631 0 18550 REA PFEIFFER 40.00 X 87583 0 0 JAMES WILLIAMS 40.00 X 24860 0 0 329582 3514 132541 1 0 1 0 0 10482550 5470 10488020 RENTAL INCOME 900099 247751 247751 PARENT FEES AND OTHER 900099 118549 118549 366300 2362 2362 MISCELLANEOUS 900099 12297 12297 12297 10868979 378597 0 2362 397192 45162 352030 4116167 3509423 606744 132924 115504 17420 676671 624291 52380 350722 284003 66719 36084 29022 7062 64582 3836 60746 168227 145678 22549 1795 1770 25 137195 99493 37702 503891 414188 89703 12277 8155 4122 9235 1608 7627 188915 176262 12653 63878 58083 5795 CLIENT ASSISTANCE 2184870 2184870 WEATHERIZATION SUBCONTR 1032877 1032877 FOOD 179061 179061 PROGRAM SUPPLIES 165788 165788 385387 346306 39081 10807738 9425380 1382358 0 493968 3053 358136 864545 496326 491989 1470 4766 6849718 1286710 5678613 5563008 12681 9595 7041194 6936956 820281 812691 134241 88054 2130288 2018586 272462 272462 3357272 3191793 X 2493810 2594873 1190112 1150290 3683922 3745163 7041194 6936956 61241 0 X X 0 1 X 1 1 1 X 10027022 10835228 12172105 10302861 10488020 53825236 10027022 10835228 12172105 10302861 10488020 53825236 53825236 4227 1809 2970 2189 2362 13557 2073 12297 14370 53853163 1792082 0.99950 0.99970 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: PART IIB, LINE 10: OTHER INCOME INCLUDES LATE PICK UP FEES AND OTHER VARIOUS EARNED INCOME. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1136006 1136006 5511204 1176109 4335095 32160 12805 19355 28778 7749 21029 141570 90047 51523 5563008 CONDITIONAL DEBT 272462 272462 X 10989960 120981 120981 10868979 0 10868979 10928719 120981 120981 10807738 0 10807738 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: LYNN ECONOMIC OPPORTUNITY, INC. FOLLOWS THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES STANDARD, WHICH REQUIRES THE AGENCY TO REPORT UNCERTAIN TAX POSITIONS, RELATED INTEREST AND PENALTIES, AND TO ADJUST ITS ASSETS AND LIABILITIES RELATED TO UNRECOGNIZED TAX BENEFITS AND ACCRUED INTEREST AND PENALTIES ACCORDINGLY. AS OF SEPTEMBER 30, 2013, THE AGENCY DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS TO REPORT. INFORMATION RETURNS FILED FOR THE PRIOR THREE YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND MASSACHUSETTS. THE AGENCY DOES NOT EXPECT THAT THE AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT TWELVE MONTHS. X X 0 0 0 0 0 0 0 0 0 JOHN MOGIELNICKI 133508 3514 0 0 0 0 101620 0 12371 0 247499 3514 0 0 INCLUDED IN RETIREMENT AND DEFERRED COMPENSATION OF $101,620 IN PART II, COLUMN C, FOR JOHN MOGIELNICKI IS AN AGREED UPON PAYMENT IN THE AMOUNT OF $93,769 WHICH HAS BEEN ACCRUED FOR AS OF SEPTEMBER 30, 2013. 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 CHIEF EXECUTIVE OFFICER 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 CHAIRMAN 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 19 THE ORGANIZATION'S FINANCIAL STATEMENTS AND 990 ARE AVAILABLE UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS AND FORM 990 ARE ALSO AVAILABLE ON WWW.GUIDESTAR.ORG FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR. LEO REAL ESTATE SERVICES INC 156 BROAD STREET LYNN MA 01901 431983781 RENTAL MA 501(C)(3) 170 (B)(1)(A)(VI) LYNN ECONOMIC OPPORTUNITY INC 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 LEO REAL ESTATE SERVICES INC K 112319 FAIR MARKET VALUE LEO REAL ESTATE SERVICES INC D 2756000 FAIR MARKET VALUE