Civic Intelligence

Lifestream Inc.

990 • Fiscal year 2020 • EIN 04-2743314

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 01, 2021

PO Box 50487New Bedford, MA 02745

(508) 993-1991

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.50x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

37th percentile

0.23x

Higher debt load relative to revenue than 37% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

41st percentile

1.6%

Higher net margin than 41% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

28th percentile

$173,314

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

64th percentile

12%

Faster asset growth than 64% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

66th percentile

10.0%

Faster revenue growth than 66% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Up

$13,678,319

Up $1,513,257 (+12%) from 2019

Net Assets

Up

$6,785,726

Up $469,694 (+7.4%) from 2019

Liabilities

Up

$6,892,593

Up $1,043,563 (+18%) from 2019

Revenue

Up

$29,607,351

Up $2,688,724 (+10.0%) from 2019

Expenses

Up

$29,137,657

Up $2,120,969 (+7.9%) from 2019

Net Income

Up

$469,694

Up $567,755 (+579%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $9,126,600Liabilities 2011: $4,459,991Net Assets 2011: $4,666,6092011Assets 2012: $9,260,964Liabilities 2012: $4,316,804Net Assets 2012: $4,944,1602012Assets 2013: $10,046,159Liabilities 2013: $4,944,215Net Assets 2013: $5,101,9442013Assets 2014: $10,502,067Liabilities 2014: $5,206,518Net Assets 2014: $5,295,5492014Assets 2015: $11,453,668Liabilities 2015: $5,717,213Net Assets 2015: $5,736,4552015Assets 2016: $11,705,716Liabilities 2016: $5,833,213Net Assets 2016: $5,872,5032016Assets 2017: $12,261,231Liabilities 2017: $6,224,692Net Assets 2017: $6,036,5392017Assets 2018: $12,513,293Liabilities 2018: $6,099,200Net Assets 2018: $6,414,0932018Assets 2019: $12,165,062Liabilities 2019: $5,849,030Net Assets 2019: $6,316,0322019Assets 2020: $13,678,319Liabilities 2020: $6,892,593Net Assets 2020: $6,785,7262020Assets 2021: $18,447,897Liabilities 2021: $10,582,395Net Assets 2021: $7,865,5022021Assets 2022: $21,369,630Liabilities 2022: $7,361,470Net Assets 2022: $14,008,1602022Assets 2023: $23,925,148Liabilities 2023: $9,370,064Net Assets 2023: $14,555,0842023Assets 2024: $23,202,083Liabilities 2024: $7,848,835Net Assets 2024: $15,353,2482024Assets 2025: $27,877,169Liabilities 2025: $10,089,795Net Assets 2025: $17,787,3742025

Highlighted filing

2020

Assets$13,678,319
Liabilities$6,892,593
Net Assets$6,785,726

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2011: $17,290,8372011Revenue 2012: $17,688,111Expenses 2012: $17,410,560Net Income 2012: $277,5512012Revenue 2013: $18,161,791Expenses 2013: $18,004,007Net Income 2013: $157,7842013Revenue 2014: $19,689,460Expenses 2014: $19,495,855Net Income 2014: $193,6052014Revenue 2015: $23,063,943Expenses 2015: $22,623,037Net Income 2015: $440,9062015Revenue 2016: $24,143,811Expenses 2016: $24,007,763Net Income 2016: $136,0482016Revenue 2017: $24,924,506Expenses 2017: $24,760,470Net Income 2017: $164,0362017Revenue 2018: $26,188,714Expenses 2018: $25,811,160Net Income 2018: $377,5542018Revenue 2019: $26,918,627Expenses 2019: $27,016,688Net Income 2019: -$98,0612019Revenue 2020: $29,607,351Expenses 2020: $29,137,657Net Income 2020: $469,6942020Revenue 2021: $30,394,531Expenses 2021: $29,314,755Net Income 2021: $1,079,7762021Revenue 2022: $38,919,251Expenses 2022: $32,776,593Net Income 2022: $6,142,6582022Revenue 2023: $34,922,542Expenses 2023: $34,375,618Net Income 2023: $546,9242023Revenue 2024: $37,780,450Expenses 2024: $36,982,286Net Income 2024: $798,1642024Revenue 2025: $44,928,903Expenses 2025: $42,494,777Net Income 2025: $2,434,1262025

Highlighted filing

2020

Revenue$29,607,351
Expenses$29,137,657
Net Income$469,694
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 1, 2021
Return Version
2019v5.1
Gross Receipts
$29,607,351
Mission and Program Overview

Mission

Lifestream, inc. (the organization") provides community-based services that support individuals in attaining greater independence, promising opportunities, and lives that are meaningful and fulfilling on their own terms.

Lifestream, inc. Provides a wide range of human services to enrich lives and promote independence for residents throughout southeastern massachusetts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,196,572$9,155,210▼ $41,362
Accounts Receivable$2,519,223$2,341,576▼ $177,647
Savings and Temporary Cash Investments$64,725$1,177,562▲ $1,112,837
Cash and Non-Interest-Bearing Accounts$57,302$683,122▲ $625,820
Prepaid Expenses and Deferred Charges$316,780$310,389▼ $6,391
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$12,165,062$13,678,319▲ $1,513,257
Other Assets Total$10,460$10,460→ $0
Liabilities
Tax Exempt Bond Liabilities$4,145,360$4,126,092▼ $19,268
Accounts Payable and Accrued Expenses$1,308,048$2,395,223▲ $1,087,175
Mortgage Notes Payable Secured by Investment Property$395,622$371,278▼ $24,344
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$5,849,030$6,892,593▲ $1,043,563
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,022,032$6,785,726▲ $763,694
Net Assets With Donor Restrictions$294,000$0▼ $294,000
Total Net Assets Fund Balance$6,316,032$6,785,726▲ $469,694
Total Liabilities and Net Assets / Fund Balance$12,165,062$13,678,319▲ $1,513,257

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,531,514$3,715,698$9,247,212
Equipment$457,729$3,014,569$3,472,298
Land$3,152,764-$3,152,764
Leasehold Improvements$13,203$332,384$345,587
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bonnie MelloPRESIDENT & CEO (8/20 - On)FT$169,674$3,640$173,314
Eric SilberzweigCFOFT$133,632$12,645$146,277
Lori KyddVP, OperationsFT$106,894-$106,894
Douglas HughesVP, Clinical ServicesFT$105,634-$105,634
John A LatawiecPresident & CEO (Until 8/20)FT$80,000$10,493$90,493

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Webster BankBankingPO BOX 30, Waterbury, CT 06720$425,118
Market BasketFood Service875 EAST STREET, Tewksbury, MA 01876$325,486
Cil Realty Of Ma INCRe/property Mgmt157 CHARTER OAK AVENUE, Hartford, CT 06106$268,728
The Ultimate Software Group INCSris/pr Software1485 NORTH PARK DRIVE, Weston, FL 33326$229,028
Pro Ems Solutions INCCovid Testing31 SMITH PLACE, Cambridge, MA 02138$214,880
Revenue and Support

Revenue Composition

Contributions and Grants
$5,150
Program Service Revenue
$29,599,574
Investment Income
$2,627
Other Revenue
$0
All Other Contributions
$5,150
Change in Net Assets
$469,694

Audited Revenue Reconciliation

Revenue per Audited Statements
$29,607,351
Total Revenue per Audited Statements
$29,607,351
Total Revenue per Form 990
$29,607,351
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$24,145,681
Other Expenses$4,991,976
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$17,646,407$1,206,495$0$18,852,902
Other Employee Benefits$3,057,569$280,121$0$3,337,690
Payroll Taxes$1,485,489$162,654$0$1,648,143
Occupancy$1,394,057$45,929-$1,439,986
Other Expenses$231,184$532,654-$763,838
Depreciation Depletion$458,026$81,157-$539,183
Fees for Services Other$271,542$227,288-$498,830
Travel$411,953$53,412-$465,365
Current Officers, Directors, Trustees, and Key Employees$0$306,946$0$306,946
Interest$174,195$11,006-$185,201
Fees for Services Accounting-$54,500-$54,500
Fees for Services Legal-$4,766-$4,766
Total Functional Expenses$25,923,588$3,214,069$0$29,137,657

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$29,137,657
Total Expenses per Audited Statements$29,137,657
Total Expenses per Form 990$29,137,657
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMassachusetts Development Agency2013-06-27$3,500,000SEE PART VI
BMassachusetts Development Finance Agency2016-05-01$1,800,000SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$3,500,000$3,257,717$0$80,539
B$1,640,233$1,057,498$0$62,502

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11:

The 990 is reviewed by the president/ceo and the cfo. It is then reviewed by the board of directors. The 990 is then signed by the president/ceo.

FORM 990, PART VI, SECTION B, LINE 12C:

Officers, directors, employees, suppliers and consultants must acknowledge and document their understanding of the conflict of interest policy on a form provided for that purpose each individual is required to acknowledge their conflicts every 2 years, throughout the year, the board and staff review transactions to ensure compliance with the policy. Form provided for that purpose each individual is required to acknowledge their conflicts every 2 years, throughout the year, the board and staff review transactions to ensure compliance with the policy.

FORM 990, PART VI, SECTION B, LINE 15:

The salaried employees are placed on a salary scale which determines their salary range. They receive raises based upon an annual review the board determines the salry for the president/ceo.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes its governing documents, conflic of interest policy, form 990 and financial statements available to the public upon request. The form 990 can also be accessed via guidestar's and the massachusetts attorney general's websites. Governing documents are also available online via the secretary for the commonwealth of massachusetts corporate database.

Filing and Contact Details

Filer

Filer Name
Lifestream Inc
EIN
04-2743314
In Care Of
% ERIC SILBERZWEIG
Phone
5089931991
Address
PO Box 50487, New Bedford, MA 02745

Signing Officer

Name
Bonnie Mello
Title
President & CEO
Phone
5089931991
Signed
2021-03-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bonnie Mello
Formed
1976
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
15
Employees
756
Volunteers
15

Preparer

Firm
Bdo USA Llp
Address
ONE INTERNATIONAL PLACE, BOSTON, MA 02110
Preparer
Brian Vigneault
Phone
6174220700
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 4D: OTHER PROGRAM SERVICES

Employment and training services - provides career employment services for individuals receiving public assistance. Department of elementary and secondary education ("dese") family and direct support - the dese/dds program is designed to provide supplemental supports to children/young adults who have been determined to need services in order to stay at home and prevent a more restrictive educational or out of home residential placement. The intent of this program is to increase the family capacity to support their child at home and in the community, as well as to provide an individualized plan of supports that promotes skill building, independence, and social integration, across the spectrum of the child's home, school, and community. Through this program, the organization provides families with service navigation case management, in-home training, clinical consultation and treatment planning, and staff support for skills training.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from income tax pursuant to section 501(c)(3) of the internal revenue code and, accordingly, no provision for income taxes has been made in the accompanying financial statements. In accordance with generally accepted accounting principles, the organization annually evaluates its tax status and tax positions taken with respect to its operations and financial position. Tax years from 2017 through the current year remain open for examination by federal and state taxing authorities. Under asc 740, an organization must recognize the financial statement effects of a tax position taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. The organization does not believe it has taken any material uncertain tax positions, and, accordingly, it has not recorded any liability for unrecognized tax benefits. For the years ended june 30, 2020 and 2019, there were no interest or penalties recorded or included in the statement of activities.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO (8/20 - On)
IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP, OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP, CLINICAL SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt4President & CEO (Until 8/20)
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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IRS990/FormationYr01976
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IRS990/MissionDesc0LIFESTREAM, INC. PROVIDES COMMUNITY-BASED SERVICES THROUGHOUT SOUTHEASTERN MASSACHUSETTS THAT PROMOTE PERSONAL DIGNITY, INDEPENDENCE AND THE REMOVAL OF BARRIERS THROUGH THE PROVISION OF INDIVIDUALIZED SUPPORT AND EDUCATION.
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IRS990/OtherExpensesGrp/ProgramServicesAmt2231184
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IRS990/PensionPlanContributionsGrp/TotalAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$27.9$10.1$17.8$44.9$42.5$2.43
2024Detailed filing. Detailed filing data is available for this year.$23.2$7.85$15.4$37.8$37.0$0.80
2023Detailed filing. Detailed filing data is available for this year.$23.9$9.37$14.6$34.9$34.4$0.55
2022Detailed filing. Detailed filing data is available for this year.$21.4$7.36$14.0$38.9$32.8$6.14
2021Detailed filing. Detailed filing data is available for this year.$18.4$10.6$7.87$30.4$29.3$1.08
2020Detailed filing. Detailed filing data is available for this year.$13.7$6.89$6.79$29.6$29.1$0.47
2019Detailed filing. Detailed filing data is available for this year.$12.2$5.85$6.32$26.9$27.0$0.10
2018Detailed filing. Detailed filing data is available for this year.$12.5$6.10$6.41$26.2$25.8$0.38
2017Detailed filing. Detailed filing data is available for this year.$12.3$6.22$6.04$24.9$24.8$0.16
2016Detailed filing. Detailed filing data is available for this year.$11.7$5.83$5.87$24.1$24.0$0.14
2015Detailed filing. Detailed filing data is available for this year.$11.5$5.72$5.74$23.1$22.6$0.44
2014Detailed filing. Detailed filing data is available for this year.$10.5$5.21$5.30$19.7$19.5$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.0$4.94$5.10$18.2$18.0$0.16
2012Summary only. Only limited summary data is available for this year.$9.26$4.32$4.94$17.7$17.4$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.13$4.46$4.67$17.3