2026-05-13T14:45:26-05:00 2025-06-30 042694095 LITMANGERSON ASSOCIATES LLP 500 WEST CUMMINGS PARK SUITE 5650 WOBURN MA 01801 990 2024-07-01 222603594 LYNN SHELTER ASSOCIATION INC LYNN 7815810739 181 UNION ST SUITE LL102 LYNN MA 01902 MARK EVANS EXECUTIVE DIRECTOR 7815810739 2026-05-11 1 0 ROBERT F HART JR P00937795 7815694700 2026-05-04 2024 2025-03-06 01:10:19Z MARK EVANS 181 UNION ST SUITE LL102 LYNN MA 01902 9207276 0 X WWW.LSAHOME.ORG X 1984 MA PROVIDES PERMANENT, TRANSITIONAL HOUSING AND EMERGENCY SHELTERING TO THE HOMELESS. X 11 11 95 12 0 0 6881111 8767714 171000 171000 2001 780 269852 267782 7323964 9207276 0 0 0 0 4227118 4982336 168136 168025 294571 2953012 4130582 7348266 9280943 -24302 -73667 10087848 14693085 6668349 11347253 3419499 3345832 X THE LYNN SHELTER ASSOCIATION (LSA) BELIEVES EVERY PERSON DESERVES A PLACE TO CALL HOME. LSA'S MISSION IS TO PROVIDE A SAFE ENVIRONMENT FOR EACH INDIVIDUAL TO DEFINE AND PURSUE THEIR GOALS FOR INDEPENDENCE AND SELF-SUFFICIENCY AND OFFERS SHELTER, SUPPORTIVE SERVICES, HOUSINGS SOLUTIONS, PERMANENT SUPPORTIVE HOUSING, AND ACCESS TO A CONTINUUM OF COMMUNITY SUPPORTS TO MORE THAN 800 HOMELESS AND FORMERLY HOMELESS INDIVIDUALS AND FAMILIES EACH YEAR. 1 0 4469892 FAMILY SHELTER PROGRAM: THIS PROGRAM IS MADE UP OF 4 CONGREGATE SHELTERS LOCATED IN RESIDENTIAL NEIGHBORHOODS IN LYNN MASSACHUSETTS. THE SHELTERS PROVIDE 92 SHELTER UNITS. THE PROGRAM PROVIDES SHELTER, SUPPORT AND FOOD TO HOMELESS FAMILIES WITH CHILDREN. IT ALSO PROVIDES ON-SITE CASE MANAGEMENT, TRAINING FOR PARENTING SKILLS, FINANCIAL SKILLS, HOUSING SEARCH, JOB SEARCH, AND BENEFIT MAXIMIZATION. THE PROGRAM ALSO ENSURES THE PARTICIPANTS ARE REGISTERED WITH MEDICAL AND MENTAL HEALTH SERVICES WITHIN 30 DAYS OF ARRIVAL. FUNDING FOR THE PROGRAM IS PRIMARILY FROM THE MASSACHUSETTS DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT (DHCD) AND THE MASSACHUSETTS DEPARTMENT OF PUBLIC HEALTH (DPH). THIS PROGRAM SERVED APPROXIMATELY 123 INDIVIDUALS DURING THE YEAR. 967042 ADULT SHELTER PROGRAM: THIS PROGRAM IS ALSO KNOWN AS THE LYNN EMERGENCY SHELTER AND IS LOCATED IN DOWNTOWN LYNN MASSACHUSETTS. THE PROGRAM PROVIDES EMERGENCY SHELTER AND SERVICES TO HOMELESS ADULTS. THE SHELTER IS A HOUSING FIRST MODEL SHELTER THAT PROMOTES SELF-SUFFICIENCY. FUNDING FOR THE PROGRAM IS PRIMARILY FROM THE MASSACHUSETTS DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT (DHCD). THIS PROGRAM SERVED APPROXIMATELY 142 INDIVIDUALS DURING THE YEAR. 959536 CASE MANAGEMENT PROGRAM: THIS PROGRAM PROVIDES WORKSHOPS, SUPPORTIVE SERVICES, AND REFERRALS TO MENTAL HEALTH SERVICES TO PARTICIPANTS IN PERMANENT HOUSING UNITS. THIS PROGRAM IS FUNDED THROUGH CONTRACTS WITH VARIOUS MENTAL HEALTH AND PUBLIC HOUSING AGENCIES. THIS PROGRAM SERVED APPROXIMATELY 97 INDIVIDUALS DURING THE YEAR. 496932 438782 PERMANENT HOUSING PROGRAM: THIS PROGRAM PROVIDES HOUSING UNITS AND CASE MANAGEMENT SERVICES TO CHRONICALLY AND DISABLED HOMELESS INDIVIDUALS, FAMILIES, AND VETERANS THROUGH SPONSOR BASED AND SUPPORTIVE HOUSING PROGRAMS PRIMARILY FUNDED BY A HUD CONTINUUM OF CARE PROGRAM GRANT ADMINISTERED BY LYNN HOUSING AND NEIGHBORHOOD DEVELOPMENT (LHAND) AND BRIDGEWELL INC. THIS PROGRAM SERVED APPROXIMATELY 84 INDIVIDUALS DURING THE YEAR. 496932 438782 6893402 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 1 31 0 95 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X NAT FRANKE CFO COO 7815810739 181 UNION ST SUITE LL102 LYNN MA 01902 DACIA THOMPSON DIRECTOR 1.00 1.00 X 0 0 0 DOMINIC FERRARI CLERK 1.00 1.00 X X 0 0 0 FRANCIS A MANCINI ESQ TREASURER 1.00 1.00 X X 0 0 0 TRACY GILMORE DIRECTOR 1.00 1.00 X 0 0 0 BRIAN FALTER DIRECTOR 1.00 1.00 X 0 0 0 KATIE SIROIS DIRECTOR 1.00 1.00 X 0 0 0 FRANK NITKIEWICZ DIRECTOR 2.00 2.00 X 0 0 0 DR JOSHUA C JUDKINS VICE PRESIDENT 1.00 1.00 X X 0 0 0 JUNWOO LIM DIRECTOR 1.00 1.00 X 0 0 0 TOMMI HILL DIRECTOR 1.00 1.00 X 0 0 0 TOM CORNU PRESIDENT 1.00 1.00 X X 0 0 0 MARK EVANS EXECUTIVE DIRECTOR 35.00 5.00 X 250000 0 11740 NAT FRANKE CFO & COO (BEGINNING MAY 2025) 35.00 5.00 X 182500 0 12921 RUSSELL POULIN COO (THROUGH MARCH 2025) 35.00 5.00 X 120000 0 6400 CARALI GONZALEZ DIRECTOR OF HUMAN RESOURCE 35.00 5.00 X 117500 0 11127 KRISTEN GOFFE DEPUTY DIRECTOR OF PROGRAM & SERVICES 35.00 5.00 X 109045 0 251 779045 0 42439 5 0 1 0 0 6859189 1908525 23092 8767714 RENTAL INCOME 531110 171000 171000 171000 780 780 MANAGEMENT FEES 900099 243600 243600 MISCELLANEOUS REVENUE 900099 24182 24182 267782 9207276 438782 0 780 511170 420009 91161 3644245 3063882 580363 460709 315890 138412 6407 366212 271466 87514 7232 31221 3087 28134 90635 90635 168025 168025 275409 239951 35458 27514 23573 3941 224329 178276 33945 12108 163078 38951 114797 9330 1656120 1581690 74430 42820 42820 53702 45113 8589 65629 48373 17256 SUPPLIES 955234 955234 INTER-ORGANIZATION BAD 384158 384158 SMALL EQUIPMENT AND REP 160733 127916 32509 308 9280943 6893402 2092970 294571 688004 444949 308576 10349 1039643 823306 32968 34588 20221 40833 1051617 667538 1455837 384079 6542599 12954981 10087848 14693085 518149 576776 11458 9855 229595 381617 5909147 10379005 6668349 11347253 X 3134263 2948078 285236 397754 3419499 3345832 10087848 14693085 -73667 0 X 0 1 X 1 0 X 5797920 5612986 5963511 6881111 8767714 33023242 410880 466684 75632 171000 171000 1295196 6208800 6079670 6039143 7052111 8938714 34318438 5000 5000 6922 16922 239108 336980 576088 239108 336980 5000 5000 6922 593010 33725428 158 114 2918 2001 780 5971 158 114 2918 2001 780 5971 224593 405409 249472 269852 267782 1417108 6433551 6485193 6291533 7323964 9207276 35741517 0.94360 0.92820 0.00020 0.00020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 11458 329403 331006 9855 1 X 36368 36368 642878 475082 167796 157241 52037 105204 118309 45308 73001 96821 95111 1710 384079 DEPOSITS 22123 INTERCOMPANY RECEIVABLES 530522 RIGHT-OF-USE ASSET, NET 10343148 INVESTMENT IN SUBSIDIARY 2059188 12954981 OPERATING LEASE LIABILITIES 10379005 10379005 X PART IV, LINE 1B: AS THE SPONSOR, LSA PAYS THE LESSOR THE HUD SHARE OF RENT ONCE IT IS RECEIVED FROM LHAND BASED ON HOUSING ASSISTANCE PAYMENTS AREEMENTS BETWEEN LSA AND LHAND. THE AMOUNT OF MONTHLY RENT NOT FUNDED BY LHAND IS COLLECTED BY THE LESSOR. LSA IS NOT REQUIRED TO PAY FOR ANY VACANT UNITS. LSA ACTS ONLY AS AN AGENT FOR THE FUNDS PASSED THROUGH FROM LHAND, BUT RETAINS NO VARIANCE POWER OVER THESE ASSETS BEING TRANSFERRED. PART IV, LINE 2B: AS THE SPONSOR, LSA PAYS THE LESSOR THE HUD SHARE OF RENT ONCE IT IS RECEIVED FROM LHAND BASED ON HOUSING ASSISTANCE PAYMENTS AREEMENTS BETWEEN LSA AND LHAND. THE AMOUNT OF MONTHLY RENT NOT FUNDED BY LHAND IS COLLECTED BY THE LESSOR. LSA IS NOT REQUIRED TO PAY FOR ANY VACANT UNITS. LSA ACTS ONLY AS AN AGENT FOR THE FUNDS PASSED THROUGH FROM LHAND, BUT RETAINS NO VARIANCE POWER OVER THESE ASSETS BEING TRANSFERRED. PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR THE UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH FASB ASC TOPIC NO. 740, INCOME TAXES (ASC 740), WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE LIKELY-THAN-NOT, AND A MEASUREMENT ATTRIBUTE FOR ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, IN ORDER FOR THOSE TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. WHEN NECESSARY, THE ORGANIZATION ACCOUNTS FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS PART OF ITS PROVISION FOR INCOME TAXES. THE ORGANIZATION DOES NOT EXPECT THAT UNRECOGNIZED TAX BENEFITS ARISING FROM TAX POSITIONS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT 12 MONTHS. X X X X 1 HINES GROUP LLC 79 URBAN STREET LYNN MA 01904 GRANT WRITING 0 414315 56160 358155 PROMUS CONSULTING 21 COURT ROAD 100 WINTHROP MA 02152 DEVELOPMENT AND CONSULTING 0 0 98100 -98100 WILLIAM N BOGAN 3 STARBOARD DR MASHPEE MA 02649 GRANT WRITING 0 0 8255 -8255 KELLY GAULE 21 COURT ROAD 100 WINTHROP MA 02152 DEVELOPMENT AND CONSULTING 0 0 5510 -5510 414315 168025 246290 MA X 0 0 0 0 0 0 0 0 0 MARK EVANS EXECUTIVE DIRECTOR 250000 0 0 0 0 0 0 0 11740 0 261740 0 0 0 NAT FRANKE CFO & COO (BEGINNING MAY 2025) 182500 0 0 0 0 0 0 0 12921 0 195421 0 0 0 X 48 23092 FV PER DISTR. REPORT 0 0 0 SCHEDULE M, PART I, COLUMN (B) AMOUNTS IN COLUMN B REPRESENT THE TOTAL APPROXIMATE NUMBER OF MONTHLY DONOR REPORTS BY SITE USED IN THE ORGANIZATION'S RECORDKEEPING PRACTICES. THE ORGANIZATION RECEIVED DONATED FOOD FOR 4 SITES, AND THE DONOR REPORT SUMMARIZED ACTIVITY MONTHLY FOR EACH SITE. ACCORDINGLY, THE ORGANIZATION REPORTED 48 ITEMS, REPRESENTING 12 MONTHLY REPORTS FOR EACH OF 4 SITES, RATHER THAN INDIVIDUAL DELIVERY COUNTS OR POUNDS OF FOOD RECEIVED. CONSTRUCTION IN PROGRESS 2024-10-10 1143109 BOOK VALUE 933946650 OSMUND OWNER LLC 181 UNION STREET SUITE LL102 LYNN MA 01902 LIMITED LIABILITY CO 1 1 1 0 PART II, LINE 2E: PERSON(S) INVOLVED: TOM CORNU PRESIDENTDR.JOSHUA C. JUDKINS VICE PRESIDENTFRANCIS A. MANCINI, ESQ. TREASURERDOMINIC FERRARI CLERKFRANK NITKIEWICZ DIRECTORTOMMI HILL DIRECTORJUNWOO LIM DIRECTORDACIA THOMPSON DIRECTORTRACY GILMORE DIRECTORBRIAN FALTER DIRECTORKATIE SIROIS DIRECTORMARK EVANS EXECUTIVE DIRECTORNAT FRANKE CHIEF FINANCIAL OFFICER & CHIEF OPERATING OFFICER PART II, LINE 2E: EXPLANATION OF INVOLVEMENT: ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES OF LYNN SHELTER ASSOCIATION, INC., ARE ALSO THE BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEEES OF OSMUND OWNER, LLC, AS IT IS GOVERNED BY LYNN SHELTER ASSOCIATION, INC. AS THE PARENT COMPANY. PART II THE ORGANIZATION HAS COMMENCED A MAJOR RENOVATION AND EXPANSION PROJECT FOR ITS EMERGENCY SHELTER BUILDINGS LOCATED AT 350 WASHINGTON STREET, LYNN MA. IN OCTOBER 2024, THE ORGANIZATION CLOSED ON ITS PROJECT TO REHABILITATE THE HISTORIC BUILDINGS. FORM 990, PART III, LINE 2 THE ORGANIZATION OPENED A NEW FAMILY SHELTER THAT ADDED 28 UNITS TO THE PORTFOLIO FROM 64 UNITS TO 92 UNITS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION SUBMITS THE 990 TO THE FINANCE COMMITTEE FOR REVIEW. UPON APPROVAL THE 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C POLICY IS MONITORED BY PROGRAM AND PERSONNEL COMMITTEE, ENFORCED BY REQUIRING COMPETITIVE BIDS. FORM 990, PART VI, SECTION B, LINE 15 COMMITTEE MEMBERS COMPILE COMPARATIVE DATA FOR EXECUTIVE COMMITTEE FOR THEIR REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANICAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. HOUSING OPPORTUNITIES AND MANAGEMENT ENTERPRISES INC 181 UNION ST SUITE LL102 LYNN MA 01902 222982463 TRANSITIONAL AND SUBSIDIZED HOUSING MA 501(C)(3) LINE 10 LYNN SHELTER ASSOCIATION INC 1 OSMUND OWNER LLC 181 UNION ST SUITE LL102 LYNN MA 01902 933946650 OWNER OF REAL ESTATE ASSETS RELATED TO OSMUND BUILDING. MA NEWBURYPORT FIVE CENTS SAVINGS BANK NONE 5286 77120 0 0 0.01000 OSMUND MM LLC 181 UNION ST SUITE LL102 LYNN MA 01902 933932051 MANAGING MEMBER OF OSMUND OWNER, LLC MA LYNN SHELTER ASSOCIATION INC C 2059188 1.00000 0 0 0 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 1 OSMUND OWNER LLC K 123500 COST/INVOICES OSMUND OWNER LLC L 175933 COST/INVOICES HOUSING OPPORTUNITIES AND MANAGEMENT ENTERPRISES INC L 67667 COST/INVOICES HOUSING OPPORTUNITIES AND MANAGEMENT ENTERPRISES INC K 47500 COST/INVOICES OSMUND OWNER LLC E 932070 COST/INVOICES OSMUND MM LLC D 401548 COST/INVOICES OSMUND OWNER LLC S 1143109 COST/INVOICES OSMUND OWNER LLC C 2059188 OPERATING AGREEMENT