2013-05-14T10:30:00-05:00 2012-09-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2011-10-01 042378885 LYNN ECONOMIC OPPORTUNITY INC LYNN 7815817220 156 BROAD STREET LYNN MA 01901 JOHN MOGIELNICKI 7815817220 2013-05-13 1 JEFFREY CICOLINI CPA P00837468 5083669100 2013-05-11 2011 2016-02-24 21:20:13Z JOHN MOGIELNICKI 156 BROAD STREET LYNN MA 01901 10683033 0 X WWW.LEOCAA.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. 16 16 229 494 0 0 686310 10302861 11868543 375910 2970 2189 0 2073 12557823 10683033 0 0 0 0 5495154 5568117 0 0 0 5438175 4987593 10933329 10555710 1624494 127323 7035647 7041194 3170816 3357272 3864831 3683922 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 4702727 130543 CHILD CARE - INCLUDES EARLY CHILDHOOD DEVELOPMENT, HEAD START, EARLY HEAD START, AND RELATED CHILDCARE PROGRAMS FROM CHILDREN 3 TO 12 YEARS OLD.*INCLUSIVE PRE-SCHOOL AND SCHOOL - 23 CLASSROOMS.*NUTRITIONALLY AND CULTURALLY DIVERSE MEALS.*TRANSPORTATION FOR MANY CHILDREN.*HEALTH AND DENTAL ASSESSMENT AND FOLLOW UP OF PRESCHOOLERS.*FAMILY ADVOCACY.*EDUCATION AND TRAINING OPPORTUNITIES FOR PARENTS.*PARENT INVOLVEMENT.*VOLUNTEER OPPORTUNITIES.THE PRESCHOOL PROGRAM HAS THREE PROGRAMS, ONE IS FULL TIME FOR WORKING PARENTS, AND THE OTHER TWO ARE HALF DAY PROGRAMS. THERE IS ONE SCHOOL AGE SITE. THEY SERVICE CHILDREN DURING SCHOOL PART TIME (4 HOURS A DAY) AND FULL TIME (10 HOURS A DAY) DURING VACATION WEEKS AND SUMMER MONTHS. 3618677 2355861 0 ENERGY ASSISTANCE - THE MASSACHUSETTS LOW INCOME HOUSING ASSISTANCE PROGRAM IS DESIGNED TO PROVIDE ASSISTANCE TO THODE 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. 593081 2073 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. 343478 245367 SUPPORTIVE HOUSING - LEO ASSISTS RESIDENTS OF LYNN, MA 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, 50 HOUSEHOLDS RECEIVED PAYMENTS TOWARDS THEIR RENT OR MORTGAGE. 800 HOUSEHOLDS RECEIVED PAYMENTS TOWARD THEIR UTILITIES THEREBY RESTORING SERVICE. 343478 245367 9257963 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 6 0 229 1 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 JOHN MOGIELNICKI 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 CARLOS ACUNA 1.00 X 0 0 0 NEILA STRAUB 1.00 X 0 0 0 ELISABETH NASH WRENN 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 117404 0 20087 ANNMARIE KARAYIANES 40.00 X 83572 0 20492 REA PFEIFFER 40.00 X 67138 0 12264 268114 0 52843 1 0 0 0 0 32750 10196150 73961 10302861 RENTAL INCOME 900099 245367 245367 PARENT FEES AND OTHER 900099 130543 130543 375910 2189 2189 MISCELLANEOUS 900099 2073 2073 2073 10683033 377983 0 2189 370279 35148 335131 4011142 3466330 544812 136374 128777 7597 703973 613749 90224 346349 279742 66607 11400 8222 3178 67632 10593 57039 109427 102933 6494 3065 3012 53 156763 118861 37902 487726 413165 74561 13692 10478 3214 5999 2269 3730 185876 175802 10074 55737 50138 5599 CLIENT ASSISTANCE 2355861 2355861 WEATHERIZATION SUBCONTR 873629 873629 FOOD 159232 159232 VEHICLE FUEL & MAINTENA 123708 123708 377846 326314 51532 10555710 9257963 1297747 0 602464 493968 358136 501004 496326 63065 1470 6776408 1097795 5834248 5678613 34866 12681 7035647 7041194 866243 820281 68811 134241 2235762 2130288 0 272462 3170816 3357272 X 2267697 2493810 1597134 1190112 3864831 3683922 7035647 7041194 X 127323 -308232 X X 0 1 1 X 1 1 X 8452387 10027022 10835228 12172105 10302861 51789603 8452387 10027022 10835228 12172105 10302861 51789603 51789603 4227 1809 2970 2189 11195 2073 2073 51802871 1946007 0.99970 0.99980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1136006 1136006 5437894 1011354 4426540 32160 10698 21462 28778 4212 24566 141570 71531 70039 5678613 CONDITIONAL DEBT 272462 272462 10683033 10555710 127323 -308232 -308232 -180909 10794823 111790 111790 10683033 0 10683033 10667500 111790 111790 10555710 0 10555710 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2012, 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. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT COPY OF THE FORM 990 IS INITIALLY REVIEWED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR. AFTER THE DIRECTOR'S REVIEW, THE DRAFT 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE IF TIME PERMITS. THE DRAFT 990 IS THEN REVIEWED BY THE FULL BOARD OF DIRECTORS AND SIGNED BY THE EXECUTIVE DIRECTOR. IF TIME DOES NOT PERMIT THE EXECUTIVE COMMITTEE TO REVIEW THE DRAFT 990 IT IS SENT DIRECTLY TO THE BOARD OF DIRECTORS. IN THE RARE INSTANCE WHERE THE TIMING OF BOARD MEETINGS DOES NOT ALLOW FOR THESE STEPS PRIOR TO FILING OF THE FORM 990, IT IS REVIEWED BY THOSE CHARGED WITH GOVERNANCE AS SOON AS POSSIBLE. THE 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. 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 THE EXECUTIVE DIRECTOR AND THE BOARD CHAIRMAN FOR ANY CONFLICTS. THE QUESTIONAIRES OF THE EXECUTIVE DIRECTOR AND THE BOARD CHAIRMAN ARE REVIEWED BY 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 CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PRIOR PERIOD ADJUSTMENTS: -308,232. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE ANNUAL AUDIT AND SELECTION OF THE INDEPENDENT ACCOUTANT. 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 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 LEO REAL ESTATE SERVICES INC J 101931 MARKET RATE