Civic Intelligence

Lantern Community Services Inc.

990 • Fiscal year 2020 • EIN 13-3910692

Jul 01, 2019 to Jun 30, 2020 • Filed on May 10, 2021

494 8th Avenue 20th FloorNew York, NY 10001

(212) 398-3073

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.97x

Higher debt load relative to assets than 72% of similar nonprofits.

2020 filings • NTEE L • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

18th percentile

0.27x

Higher debt load relative to revenue than 18% of similar nonprofits.

2020 filings • NTEE L • $10M-$25M nonprofits • Source year 2020

Net Margin

40th percentile

-0.1%

Higher net margin than 40% of similar nonprofits.

2020 filings • NTEE L • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

49th percentile

$196,817

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2020 filings • NTEE L • $10M-$25M nonprofits • Source year 2020

Asset Growth

17th percentile

-3.1%

Faster asset growth than 17% of similar nonprofits.

2020 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

87th percentile

26%

Faster revenue growth than 87% of similar nonprofits.

2020 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Down

$6,573,293

Down $208,857 (-3.1%) from 2019

Net Assets

Up

$229,290

Up $86,630 (+61%) from 2019

Liabilities

Down

$6,344,003

Down $295,487 (-4.5%) from 2019

Revenue

Up

$23,396,517

Up $4,799,317 (+26%) from 2019

Expenses

Up

$23,425,024

Up $5,245,107 (+29%) from 2019

Net Income

Down

-$28,507

Down $445,790 (-107%) from 2019

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2010: $2,694,091Liabilities 2010: $1,646,066Net Assets 2010: $1,048,0252010Assets 2011: $3,441,494Liabilities 2011: $2,452,943Net Assets 2011: $988,5512011Assets 2012: $2,160,780Liabilities 2012: $1,367,961Net Assets 2012: $792,8192012Assets 2013: $2,228,413Liabilities 2013: $1,440,831Net Assets 2013: $787,5822013Assets 2014: $3,269,081Liabilities 2014: $2,798,572Net Assets 2014: $470,5092014Assets 2015: $3,849,918Liabilities 2015: $3,228,383Net Assets 2015: $621,5352015Assets 2016: $2,677,651Liabilities 2016: $3,454,351Net Assets 2016: -$776,7002016Assets 2017: $3,362,022Liabilities 2017: $3,958,524Net Assets 2017: -$596,5022017Assets 2018: $4,474,742Liabilities 2018: $4,434,467Net Assets 2018: $40,2752018Assets 2019: $6,782,150Liabilities 2019: $6,639,490Net Assets 2019: $142,6602019Assets 2020: $6,573,293Liabilities 2020: $6,344,003Net Assets 2020: $229,2902020Assets 2021: $8,603,902Liabilities 2021: $8,314,991Net Assets 2021: $288,9112021Assets 2022: $16,669,620Liabilities 2022: $15,971,111Net Assets 2022: $698,5092022Assets 2023: $26,535,079Liabilities 2023: $24,817,700Net Assets 2023: $1,717,3792023Assets 2024: $29,416,981Liabilities 2024: $26,639,744Net Assets 2024: $2,777,2372024Assets 2025: $25,941,755Liabilities 2025: $23,078,066Net Assets 2025: $2,863,6892025

Highlighted filing

2020

Assets$6,573,293
Liabilities$6,344,003
Net Assets$229,290

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2010: $7,361,488Expenses 2010: $7,081,927Net Income 2010: $279,5612010Expenses 2011: $9,283,0242011Revenue 2012: $4,904,605Expenses 2012: $4,781,076Net Income 2012: $123,5292012Expenses 2013: $11,029,6532013Revenue 2014: $14,618,713Expenses 2014: $14,421,695Net Income 2014: $197,0182014Revenue 2015: $16,059,957Expenses 2015: $15,908,931Net Income 2015: $151,0262015Revenue 2016: $16,320,858Expenses 2016: $16,384,736Net Income 2016: -$63,8782016Revenue 2017: $16,540,153Expenses 2017: $16,359,955Net Income 2017: $180,1982017Revenue 2018: $16,118,535Expenses 2018: $14,555,588Net Income 2018: $1,562,9472018Revenue 2019: $18,597,200Expenses 2019: $18,179,917Net Income 2019: $417,2832019Revenue 2020: $23,396,517Expenses 2020: $23,425,024Net Income 2020: -$28,5072020Revenue 2021: $30,172,757Expenses 2021: $30,113,136Net Income 2021: $59,6212021Revenue 2022: $38,511,196Expenses 2022: $38,101,598Net Income 2022: $409,5982022Revenue 2023: $47,384,655Expenses 2023: $46,365,785Net Income 2023: $1,018,8702023Revenue 2024: $47,324,503Expenses 2024: $46,264,645Net Income 2024: $1,059,8582024Revenue 2025: $38,906,920Expenses 2025: $38,820,468Net Income 2025: $86,4522025

Highlighted filing

2020

Revenue$23,396,517
Expenses$23,425,024
Net Income-$28,507
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 10, 2021
Return Version
2019v5.0
Gross Receipts
$23,396,517
Mission and Program Overview

Mission

Lantern community services' mission is to champion the independence and well-being of people who are impacted by or threatened with homelessness.

Lantern Community Services mission is to champion the independence and well-being of people who are impacted by or threatened with homelessness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$6,256,541$5,522,477▼ $734,064
Cash and Non-Interest-Bearing Accounts$194,088$686,010▲ $491,922
Prepaid Expenses and Deferred Charges$156,370$157,915▲ $1,545
Land, Buildings, and Equipment, Net$112,252$128,879▲ $16,627
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$6,782,150$6,573,293▼ $208,857
Other Assets Total$62,899$78,012▲ $15,113
Liabilities
Unsecured Notes Loans Payable-$1,919,800-
Accounts Payable and Accrued Expenses$1,629,770$1,635,057▲ $5,287
Other Liabilities$1,692,491$1,116,009▼ $576,482
Deferred Revenue$1,067,488$923,137▼ $144,351
Mortgage Notes Payable Secured by Investment Property$2,249,741$750,000▼ $1,499,741
Total Liabilities$6,639,490$6,344,003▼ $295,487
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$119,604$206,234▲ $86,630
Net Assets With Donor Restrictions$23,056$23,056→ $0
Total Net Assets Fund Balance$142,660$229,290▲ $86,630
Total Liabilities and Net Assets / Fund Balance$6,782,150$6,573,293▼ $208,857

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$29,515$398,723$428,238
Equipment$75,271$155,722$230,993
Buildings$24,093$50,655$74,748
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Diane Carole Louard-MichelExecutive DirectorFT$195,555$8,455$196,817
Amy BergCPOFT$151,698$26,604$178,302
Michelle HessCCOFT$143,279$5,884$156,356
Lisa SteinCOO (thru 5/19)FT$75,478$3,044$78,522
Michael WinterCfaoFT$47,714$4,345$52,059

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
-Utilities & PA Rent42 W 39th Street, New York, NY 10018$226,508
Huntersmoon LPUtilities & PA Rent2612 Broadway, New York, NY 10025$141,582
Savanna HDFCUtilities & PA Rent42 W 39th Street, New York, NY 10018$125,842
Amber Hall LPUtilities & PA Rent42 W 39th Street, New York, NY 10018$102,672
Revenue and Support

Revenue Composition

Contributions and Grants
$23,215,786
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$180,731
All Other Contributions
$947,685
Change in Net Assets
$-28,507

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,396,517
Total Revenue per Audited Statements
$23,396,517
Total Revenue per Form 990
$23,396,517
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,719,240
Salaries, Compensation, and Employee Benefits$11,705,784
Total Fundraising Expense$3,019
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,800,003$407,750-$9,207,753
Occupancy$1,470,972$342,940-$1,813,912
All Other Expenses$864,388$457,014$2,918$1,324,320
Other Employee Benefits$1,071,102$74,424-$1,145,526
Payroll Taxes$791,185$55,131-$846,316
Fees for Services Other$563,821$140,564-$704,385
Other Expenses$516,047$115,470-$516,047
Office Expenses$378,238$72,964-$451,202
Fees for Services Accounting$192,473$234,324-$426,797
Current Officers, Directors, Trustees, and Key Employees$134,870$220,958-$355,828
Information Technology$184,364$34,980-$219,344
Pension Plan Contributions$145,306$5,055-$150,361
Insurance$87,393$42,197-$129,590
Conferences and Meetings$87,034$39,027-$126,061
Fees for Services Legal$5,000$75,346-$80,346
Interest-$58,078-$58,078
Travel$43,702$7,114$101$50,917
Depreciation Depletion$15,996$9,970-$25,966
Total Functional Expenses$21,015,226$2,406,779$3,019$23,425,024

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$23,425,024
Total Expenses per Audited Statements$23,425,024
Total Expenses per Form 990$23,425,024
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Government agencies$993,431
Deferred Rent$122,578
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
No
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, Line 11B: Form 990 Review Process

Management reviewed a draft of the form 990 with the audit/finance committee and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the full board of directors prior to being filed with the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization has a board approved conflicts of interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their interested party transactions.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Each year, the executive committee reviews comparable salaries based on a recognized study and reviews the performance of the executive director to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary and benefit package is voted on. The minutes of the board of directors reflect the nature of this process.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Lantern Community Services Inc
EIN
13-3910692
Phone
2123983073
Address
494 8th Avenue 20th Floor, New York, NY 10001

Signing Officer

Name
Michael Winter
Title
Chief Fin&Admin Off.
Signed
2021-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Larovere
Formed
2005
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
6
Employees
252
Volunteers
55

Preparer

Firm
Schall & Ashenfarb Cpas
Address
307 5th Ave 15th Floor, NEW YORK, NY 10016
Preparer
Michael Schall
Phone
2122682800
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Gain on Settlement = $115137

Financial Statement Notes

Part X : FIN48 Footnote

The Organization does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending June 30, 2017 and later are subject to examination by applicable taxing authorities.

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IRS990/Desc0Lantern Community Services operates under the Housing First model. We believe that permanent housing is an intervention in and of itself, meeting one of the most basic human needs, shelter. The stability that comes from having safe, affordable housing allows our clients to shift focus from day-to-day survival to achieving other measures of independence and well-being. Transitional shelter for many provides the support needed to move from chronic homelessness to permanent housing. In FY 20 Lantern worked toward creating a shelter division by applying for and being approved to assume the contract for a second emergency shelter. The Plaza, located in upper Manhattan, is an 81 bed shelter for women with mental health concerns that Lantern will operate starting in July of 2020. Lantern Highlights of FY 20 are as follows: 96% of our clients maintained stable housing, either at Lantern or moving out to independent housing Fresh Food Box distributed 91,000 pounds of produce; over 15,000 meals were served Over 220 people attended sound.space 2: HOME, three live community events that included music performances, art exhibition and interactive art-making 22 Tenants started new jobs, 14 with the help of Individual Placement and Support (IPS), our evidenced- based employment first program 636 wrapped holiday gifts were distributed to Lantern families and young adults through the Winter Wishes campaign At the core of Lanterns success is the innovative model used to deliver services which partners core social services and concrete housing support at each site with experts who serve multiple sites in the areas of Health and Wellness, Arts and Culture, Education and Employment and Nutrition and Culinary Arts. Below are FY20 highlights from several program areas. Response to COVID-19 The end of FY 20 was challenging due to the COVID-19 pandemic and the emergency stay at home order issued in NYC in March 2020. Lantern responded quickly and creatively to continue to fulfill our mission while at all times maintaining the safety of our staff. Core social services were maintained by connecting with tenants through technology. Lantern installed cell phones and a tablet at each site for tenant use. Other protocols for service delivery included staggered staff schedules, strict masking and social distancing protocols, daily wellness checks for vulnerable tenants and detailed tracking and reporting of symptoms and test results. To better promote social distancing for shelter residents and staff, Laurel Hall shelter was relocated to a hotel site where no more than two people share a room with its own bathroom. 48,700 surgical masks and 2400 reusable cloth masks were distributed to residents and staff High touch cleaning was provided five days per week in all public areas of supportive housing Symptomatic residents decreased from a high of 33 in April 2020 to 4 individuals in June 2020Arts and CultureIn the fall of 2019 Lantern hosted interactive public events at three different sites: Bronx Art Space in the Longwood section, el Barrios Art Space in East Harlem and ImageNation Raw Space in Manhattan. The art shows were a part of a project called sound.space funded for the second year by a grant from the Lower Manhattan Cultural Council. This years project called HOME is a collection of original musical and visual art created by Lantern tenants. The shows featured eight songs written with Lantern musicians and poets, and over 150 pieces of resident art living in Lantern buildings. During the pandemic Arts and Culture launched the Vimeo webpage with weekly videos in movement, meditation, and art therapy. Employment and EducationTen college students were awarded a $1,000 Mega Corporation scholarshipEleven residents enrolled in GED, adult education, vocational training or collegeNine tenants participated in live or virtual tutoringTwo young adult tenants graduated High School, one tenant received their GED and two tenants earned NYS Peer Specialist Certificat
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IRS990/Form990PartVIISectionAGrp/PersonNm4Michael Winter
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IRS990/Form990PartVIISectionAGrp/PersonNm7Robert J Chervenak
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IRS990/MissionDesc0Lantern Community Services mission is to champion the independence and well-being of people who are impacted by or threatened with homelessness.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$25.9$23.1$2.86$38.9$38.8$0.09
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.4$26.6$2.78$47.3$46.3$1.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.5$24.8$1.72$47.4$46.4$1.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.7$16.0$0.70$38.5$38.1$0.41
2021Detailed filing. Detailed filing data is available for this year.$8.60$8.31$0.29$30.2$30.1$0.06
2020Detailed filing. Detailed filing data is available for this year.$6.57$6.34$0.23$23.4$23.4$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.78$6.64$0.14$18.6$18.2$0.42
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.47$4.43$0.04$16.1$14.6$1.56
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.36$3.96$0.60$16.5$16.4$0.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.68$3.45$0.78$16.3$16.4$0.06
2015Detailed filing. Detailed filing data is available for this year.$3.85$3.23$0.62$16.1$15.9$0.15
2014Detailed filing. Detailed filing data is available for this year.$3.27$2.80$0.47$14.6$14.4$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$1.44$0.79$11.0
2012Summary only. Only limited summary data is available for this year.$2.16$1.37$0.79$4.90$4.78$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.44$2.45$0.99$9.28
2010Summary only. Only limited summary data is available for this year.$2.69$1.65$1.05$7.36$7.08$0.28
Peer Organizations

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