Civic Intelligence

Leo Real Estate Services Inc

EIN 43-1983781 • 501(c)3 • Lynn, MA

Profile

To house related organization's (lynn economic opportunity, inc., an exempt organization) activities.

156 Broad StreetLynn, MA 01901

www.leoinc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2016

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

88th percentile

45%

Higher net margin than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

99th percentile

$162,106

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 47.6% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

72nd percentile

20%

Faster revenue growth than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$0

Down $1,631,758 (-100%) from 2015

Liabilities

Down

$0

Down $1,322,013 (-100%) from 2015

Net Assets

Down

$0

Down $309,745 (-100%) from 2015

Revenue

Up

$340,497

Up $56,677 (+20%) from 2015

Expenses

Down

$187,938

Down $21,394 (-10%) from 2015

Net Income

Up

$152,559

Up $78,071 (+105%) from 2015

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,093,212Liabilities 2010: $932,075Net Assets 2010: $161,1372010Assets 2011: $1,081,365Liabilities 2011: $873,571Net Assets 2011: $207,7942011Assets 2012: $1,060,071Liabilities 2012: $823,666Net Assets 2012: $236,4052012Assets 2013: $1,004,246Liabilities 2013: $799,754Net Assets 2013: $204,4922013Assets 2014: $1,577,158Liabilities 2014: $1,341,901Net Assets 2014: $235,2572014Assets 2015: $1,631,758Liabilities 2015: $1,322,013Net Assets 2015: $309,7452015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2016

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0Expenses 2010: $205,5782010Expenses 2011: $205,5992011Expenses 2012: $213,2162012Expenses 2013: $233,0922013Revenue 2014: $218,278Expenses 2014: $187,513Net Income 2014: $30,7652014Revenue 2015: $283,820Expenses 2015: $209,332Net Income 2015: $74,4882015Revenue 2016: $340,497Expenses 2016: $187,938Net Income 2016: $152,5592016

Highlighted filing

2016

Revenue$340,497
Expenses$187,938
Net Income$152,559

Filings

Latest Detailed Filing

The latest 2016 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Apr 26, 2016
Return Version
2014v6.0
Gross Receipts
$283,820
Mission and Program Overview

Mission

To house related organization's (lynn economic opportunity, inc., an exempt organization) activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$964,778$942,885▼ $21,893
Savings and Temporary Cash Investments$532,428$317,317▼ $215,111
Intangible Assets$36,560$35,136▼ $1,424
Total Assets$1,577,158$1,631,758▲ $54,600
Other Assets Total$43,392$336,420▲ $293,028
Liabilities
Other Liabilities$678,718$663,124▼ $15,594
Mortgage Notes Payable Secured by Investment Property$633,291$612,402▼ $20,889
Accounts Payable and Accrued Expenses$20,127$41,455▲ $21,328
Deferred Revenue$9,765$5,032▼ $4,733
Total Liabilities$1,341,901$1,322,013▼ $19,888
Net Assets / Fund Balance
Unrestricted Net Assets$235,257$309,745▲ $74,488
Total Net Assets Fund Balance$235,257$309,745▲ $74,488
Total Liabilities and Net Assets / Fund Balance$1,577,158$1,631,758▲ $54,600

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$507,035$278,336$785,371
Land$435,850-$435,850
Other Assets Org$336,420--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Birgitta DamonExecutive Director$101,343$101,343
Kristina TecceCFO$66,032$66,032

Board Members and Trustees

NameTitle
James HiggsPresident
Mary MagnerClerk
Laura GallantTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$282,383
Investment Income
$1,437
Other Revenue
$0
Change in Net Assets
$74,488
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$209,332
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$176,167--$176,167
Depreciation Depletion$23,317--$23,317
Office Expenses-$3,265-$3,265
Fees for Services Legal-$2,850-$2,850
Other Expenses$3,480$200-$200
Fees for Services Other-$53-$53
Total Functional Expenses$202,964$6,368$0$209,332
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Lynn Economic Opportunity, Inc.$663,124
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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 executive director 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

Policy requires board members, officers, and all other management employees to complete a conflict of interest questionaire each year. The questionaire is reviewed by the executive director and the board president for any conflicts. The questionaires of the executive director and the board president are reviewed by the other board members.

Form 990, Part VI, Section B, Line 15

The finance committee of lynn economic opportunity, inc. Conducts a survey of organizations similar in size and mission to lynn economic opportunity, inc. And the organization, taking into consideration any differences in the duties performed by the various exeuctive directors. The board then compares the results of the survey with the performance of the executive director of the organization. The executive director is compensated by lynn economic opportunity, inc. And 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 18

Leo real estate services, inc.'s form 1023 is available upon request, as indicated in part vi, section c, line 18.

Form 990, Part VI, Section C, Line 19

The organization will make its governing documents, conflict of interest policy, and combining financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Leo Real Estate Services Inc
EIN
43-1983781
Phone
7815817220
Address
156 BROAD STREET, LYNN, MA 01901

Signing Officer

Name
Birgitta S Damon
Title
Executive Director
Phone
7815817220
Signed
2016-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Birgitta S Damon
Formed
2002
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
21 EAST MAIN STREET, WESTBORO, MA 01581
Preparer
Jeffrey Cicolini CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No change from prior year.

Financial Statement Notes

PART X, LINE 2:

Leo real estate services, inc. (the organization) accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the combining financial statements regarding a tax position taken or expected to be taken in a tax return. The organization has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the combining financial statements at september 30, 2015. The returns of the organization are subject to examination by the federal and state jurisdictions and generally remain open for the most recent three years.

Raw XML AppendixShowing 400 of 405 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO LYNN ECONOMIC OPPORTUNITY, INC.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LEO REAL ESTATE SERVICES, INC. (THE ORGANIZATION) ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE COMBINING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE COMBINING FINANCIAL STATEMENTS AT SEPTEMBER 30, 2015. THE RETURNS OF THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS AND GENERALLY REMAIN OPEN FOR THE MOST RECENT THREE YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0942885
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0336420
IRS990ScheduleD/TotalLiabilityAmt0663124
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF THE FORM 990 IS INITIALLY REVIEWED BY THE ORGANIZATION'S CHIEF FINANCIAL OFFICER. AFTER THE DRAFT IS REVIEWED BY THE EXECUTIVE DIRECTOR AND FULL BOARD OF DIRECTORS. THE REPORT IS REVIEWED AND DISCUSSED AT A BOARD MEETING AND THEN SIGNED BY THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1POLICY REQUIRES BOARD MEMBERS, OFFICERS, AND ALL OTHER MANAGEMENT EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST QUESTIONAIRE EACH YEAR. THE QUESTIONAIRE IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE BOARD PRESIDENT FOR ANY CONFLICTS. THE QUESTIONAIRES OF THE EXECUTIVE DIRECTOR AND THE BOARD PRESIDENT ARE REVIEWED BY THE OTHER BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FINANCE COMMITTEE OF LYNN ECONOMIC OPPORTUNITY, INC. CONDUCTS A SURVEY OF ORGANIZATIONS SIMILAR IN SIZE AND MISSION TO LYNN ECONOMIC OPPORTUNITY, INC. AND THE ORGANIZATION, TAKING INTO CONSIDERATION ANY DIFFERENCES IN THE DUTIES PERFORMED BY THE VARIOUS EXEUCTIVE DIRECTORS. THE BOARD THEN COMPARES THE RESULTS OF THE SURVEY WITH THE PERFORMANCE OF THE EXECUTIVE DIRECTOR OF THE ORGANIZATION. THE EXECUTIVE DIRECTOR IS COMPENSATED BY LYNN ECONOMIC OPPORTUNITY, INC. AND IS RESPONSIBLE FOR SETTING AND DETERMINING WAGE RATES FOR KEY EMPLOYEES WITH RESPECT TO COMPARABLE SALARIES WITHIN THE SURROUNDING AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LEO REAL ESTATE SERVICES, INC.'S FORM 1023 IS AVAILABLE UPON REQUEST, AS INDICATED IN PART VI, SECTION C, LINE 18.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND COMBINING FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGE FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LYNN ECONOMIC OPPORTUNITY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0042378885
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 (C) 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0VARIOUS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509 (A) (1)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0156 BROAD STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LYNN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd001901
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0154589
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1663124
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LYNN ECONOMIC OPPORTUNITY INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1LYNN ECONOMIC OPPORTUNITY INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1S
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01577158
IRS990/TotalAssetsEOYAmt01631758
IRS990/TotalAssetsGrp/BOYAmt01577158
IRS990/TotalAssetsGrp/EOYAmt01631758
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06368
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0202964
IRS990/TotalFunctionalExpensesGrp/TotalAmt0209332
IRS990/TotalGrossUBIAmt076209
IRS990/TotalLiabilitiesBOYAmt01341901
IRS990/TotalLiabilitiesEOYAmt01322013
IRS990/TotalLiabilitiesGrp/BOYAmt01341901
IRS990/TotalLiabilitiesGrp/EOYAmt01322013
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0235257
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0309745
IRS990/TotalOtherCompensationAmt032406
IRS990/TotalProgramServiceExpensesAmt0202964
IRS990/TotalProgramServiceRevenueAmt0282383
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01437
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0206174
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0283820
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt076209
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01577158
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01631758
IRS990/TotReportableCompRltdOrgAmt0134969
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0235257
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0309745
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0156 BROAD STREET
IRS990/USAddress/CityNm0LYNN
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001901
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.LEOINC.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BIRGITTA S DAMON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07815817220
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEO REAL ESTATE SERVICES INC
ReturnHeader/Filer/BusinessNameControlTxt0LEOR
ReturnHeader/Filer/EIN0431983781
ReturnHeader/Filer/PhoneNum07815817220
ReturnHeader/Filer/USAddress/AddressLine1Txt0156 BROAD STREET
ReturnHeader/Filer/USAddress/CityNm0LYNN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001901
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042571780
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALEXANDER ARONSON FINNING & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt021 EAST MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001581
ReturnHeader/PreparerPersonGrp/PhoneNum05083669100
ReturnHeader/PreparerPersonGrp/PreparationDt02016-04-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY CICOLINI CPA

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