Civic Intelligence

Lynn Housing Authority Development Group Inc.

990 • Fiscal year 2016 • EIN 54-2084084

Jan 01, 2016 to Dec 31, 2016 • Filed on May 04, 2017

Organization ProfileN/A
10 Church StreetLynn, MA 01902

(781) 581-8600

Siviq Scores

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

Liabilities / Assets

77th percentile

0.31x

Higher debt load relative to assets than 77% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

67th percentile

0.12x

Higher debt load relative to revenue than 67% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

42nd percentile

0.3%

Higher net margin than 42% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

48th percentile

1.2%

Faster asset growth than 48% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

21st percentile

-14%

Faster revenue growth than 21% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$353,046

Up $4,341 (+1.2%) from 2015

Net Assets

Up

$243,670

Up $2,701 (+1.1%) from 2015

Liabilities

Up

$109,376

Up $1,640 (+1.5%) from 2015

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin42nd percentile

Revenue

Down

$898,228

Down $150,692 (-14%) from 2015

Expenses

Down

$895,527

Down $149,418 (-14%) from 2015

Net Income

Down

$2,701

Down $1,274 (-32%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$600K$400K$200K$0Assets 2010: $245,896Liabilities 2010: $02010Assets 2011: $238,912Liabilities 2011: $02011Assets 2012: $238,362Liabilities 2012: $02012Assets 2013: $251,536Liabilities 2013: $13,9072013Assets 2014: $364,233Liabilities 2014: $127,239Net Assets 2014: $236,9942014Assets 2015: $348,705Liabilities 2015: $107,736Net Assets 2015: $240,9692015Assets 2016: $353,046Liabilities 2016: $109,376Net Assets 2016: $243,6702016Assets 2017: $431,455Liabilities 2017: $185,485Net Assets 2017: $245,9702017Assets 2018: $419,698Liabilities 2018: $171,581Net Assets 2018: $248,1172018Assets 2019: $375,468Liabilities 2019: $122,934Net Assets 2019: $252,5342019Assets 2020: $477,699Liabilities 2020: $77,030Net Assets 2020: $400,6692020Assets 2021: $366,816Liabilities 2021: $69,879Net Assets 2021: $296,9372021Assets 2022: $450,499Liabilities 2022: $81,822Net Assets 2022: $368,6772022Assets 2023: $416,452Liabilities 2023: $91,471Net Assets 2023: $324,9812023Assets 2024: $446,908Liabilities 2024: $76,123Net Assets 2024: $370,7852024

Highlighted filing

2016

Assets$353,046
Liabilities$109,376
Net Assets$243,670
Open 2016 Filing

Operations Trend

Revenue Growth21st percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $5,601Expenses 2010: $89Net Income 2010: $5,5122010Revenue 2011: $3,732Expenses 2011: $10,716Net Income 2011: -$6,9842011Revenue 2012: $774Expenses 2012: $1,324Net Income 2012: -$5502012Revenue 2013: $187,292Expenses 2013: $188,025Net Income 2013: -$7332013Revenue 2014: $574,670Expenses 2014: $575,305Net Income 2014: -$6352014Revenue 2015: $1,048,920Expenses 2015: $1,044,945Net Income 2015: $3,9752015Revenue 2016: $898,228Expenses 2016: $895,527Net Income 2016: $2,7012016Revenue 2017: $823,653Expenses 2017: $821,353Net Income 2017: $2,3002017Revenue 2018: $633,113Expenses 2018: $630,967Net Income 2018: $2,1462018Revenue 2019: $555,808Expenses 2019: $551,389Net Income 2019: $4,4192019Revenue 2020: $907,493Expenses 2020: $759,358Net Income 2020: $148,1352020Revenue 2021: $632,602Expenses 2021: $736,334Net Income 2021: -$103,7322021Revenue 2022: $1,056,756Expenses 2022: $985,016Net Income 2022: $71,7402022Revenue 2023: $650,357Expenses 2023: $694,053Net Income 2023: -$43,6962023Revenue 2024: $406,227Expenses 2024: $360,423Net Income 2024: $45,8042024

Highlighted filing

2016

Revenue$898,228
Expenses$895,527
Net Income$2,701
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 4, 2017
Return Version
2016v3.0
Gross Receipts
$898,228
Mission and Program Overview

Mission

Provide charitable assistance to the general public by providing affordable housing through the purchase, sale, renting and leasing of dwellings.

The corporation is organized to provide charitable assistance to the general public by providing affordable housing through the purchase, sale, renting and leasing of dwellings.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$148,185$145,268▼ $2,917
Pledges and Grants Receivable$83,241$89,112▲ $5,871
Cash and Non-Interest-Bearing Accounts$81,276$76,845▼ $4,431
Savings and Temporary Cash Investments$35,667$41,437▲ $5,770
Prepaid Expenses and Deferred Charges$336$384▲ $48
Total Assets$348,705$353,046▲ $4,341
Liabilities
Accounts Payable and Accrued Expenses$65,319$91,758▲ $26,439
Deferred Revenue$42,417$17,618▼ $24,799
Total Liabilities$107,736$109,376▲ $1,640
Net Assets / Fund Balance
Unrestricted Net Assets$240,969$243,670▲ $2,701
Total Net Assets Fund Balance$240,969$243,670▲ $2,701
Total Liabilities and Net Assets / Fund Balance$348,705$353,046▲ $4,341

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$145,268--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Laura WalshChairperson
Steve MartinVice Chairpe
Fred RussellDirector
Robert MuiseDirector
Susan Mcginnis-langTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Lynn Housing Auth & Neigh DevManagement Svcs10 CHURCH STREET, Lynn, MA 01902$469,194
Revenue and Support

Revenue Composition

Contributions and Grants
$892,730
Program Service Revenue
$5,361
Investment Income
$113
Other Revenue
$24
Change in Net Assets
$2,701
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$583,206
Grants and Similar Amounts Paid$312,321
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$468,338$900-$469,238
Grants to Domestic Individuals$205,946--$205,946
Grants to Domestic Orgs$106,375--$106,375
Occupancy$64,195--$64,195
Fees for Services Legal$34,104--$34,104
Office Expenses$4,266$103-$4,369
Travel$4,073--$4,073
Conferences and Meetings$2,450--$2,450
Insurance-$1,794-$1,794
Fees for Services Management$1,583--$1,583
Fees for Services Accounting$1,400--$1,400
Total Functional Expenses$892,730$2,797$0$895,527
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lynn Public SchoolsLynn, MAGovRise Grant$75,000
Military Friends FoundationBoston, MA501c3Supp Svcs -veterans$31,375
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The organization is managed by lynn housing authority & neighborhood development (lhand). Lhand provides all management and administrative services for the organization. The organization reimburses lhand for salaries.”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed by the lynn housing authority & neighborhood developmnet fiscal director and any appropriate staff.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Lynn Housing Authority Development
EIN
54-2084084
Phone
7815818600
Address
10 CHURCH STREET, LYNN, MA 01902

Signing Officer

Name
Laura Walsh
Title
Chairperson
Phone
7815818600
Signed
2017-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Walsh
Formed
2002
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Guyder Hurley Pc
Address
100 GRANDVIEW RD STE 320, BRAINTREE, MA 02184-2691
Preparer
J Thomas Hurley
Phone
6173766226
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Management services 464,165 0 0 other 4,173 900 0 total 468,338 900 0”

Raw XML AppendixShowing 400 of 420 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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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0POLICIES AND PROCEDURES OF LYNN HOUSING & NEIGHBORHOOD DEVELOPMENT (LHAND) ARE THE FOUNDATION OF THE ONGOING ADMINISTRATIVE PROCEDURES OF THE LYNN HOUSING AUTHORITY DEVELOPMENT GROUP, INC (LHADG). LHADG ADMINISTERS THE SSVF AND ESG PROGRAMS. THE ESG PROGRAM IS THROUGH THE CITY OF LYNN AND ALL MONITORING PROCEDURES ARE FOLLOWED IN COMPLIANCE WITH AGREEMENTS WITH THE CITY. THE SSVF PROGRAM HAS MORE EXTENSIVE PROCEDURES WITH GUIDANCE FROM THE UNIFORM MONITORING GUIDE. THE SUPPORTIVE SERVICES FOR VETERAN FAMILIES (SSVF) PROGRAM HAS GUIDELINES FOR MONITORING WITHIN THE UNIFORM MONITORING PACKAGE (UMP). THESE PROCEDURES ARE THE ADMINISTRATIVE GUIDE USED FOR THE DELIVERY AND MONITORING OF THE PROGRAM. MONITORING FOR THE SSVF PROGRAM IS ACCOMPLISHED ON 3 LEVELS: VA GUIDELINES, LHAND COMPLIANCE PROCEDURES AND PROGRAM MANAGER'S OVERSIGHT. 1. THE SSVF DOCUMENTS AND ITEMS CHECKLIST FOR MONITORING IS FOLLOWED. THIS CHECKLIST IS USED BY THE VA DURING ANNUAL MONITORING VISITS. 2. LHAND'S FEDERAL AND STATE PROGRAMS COMPLIANCE MANAGER HAS THE RESPONSIBILITY OF OVERSIGHT OF ALL OF THE PROGRAMS ADMINISTERED BY LHAND. A PORTION OF THE SALARY FOR THE COMPLIANCE MANAGER IS PAID BY THE SSVF PROGRAM FOR MONITORING AND OVERSIGHT. -COORDINATES AND MONITORS ASSIGNED PROGRAM ACTIVITIES IN ORDER TO ENSURE EFFECTIVE OPERATIONS AND COMPLIANCE WITH ESTABLISHED STANDARDS. -REVIEWS AND ANALYZES DATA CONCERNING PROGRESS AND EFFECTIVENESS, TO MAKE RECOMMENDATIONS FOR CHANGES IN PROCEDURES, GUIDELINES, ETC. AND TO DEVISE METHODS OF ACCOMPLISHING PROGRAM OBJECTIVES. -SCHEDULES AND PARTICIPATES IN SITE VISITS WITH SERVICE PROVIDERS AND ASSISTS IN THE DEVELOPMENT OF CORRECTIVE ACTION PLANS IF NEEDED. 3. THE SSVF PROGRAM MANAGER REVIEWS ALL FILES FOR PAYMENT AND FORWARDS TO PROGRAM DIRECTOR FOR SIGN OFF AND THEN THE PAYMENT REQUEST IS FORWARDED TO FISCAL FOR PAYMENT. THE MANAGER HAS WEEKLY TEAM MEETINGS WITH SSVF STAFF TO REVIEW INDIVIDUAL CASE FILES AND CONDUCT TRAININGS FOR SSVF UPDATES AND CHANGES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS MANAGED BY LYNN HOUSING AUTHORITY & NEIGHBORHOOD DEVELOPMENT (LHAND). LHAND PROVIDES ALL MANAGEMENT AND ADMINISTRATIVE SERVICES FOR THE ORGANIZATION. THE ORGANIZATION REIMBURSES LHAND FOR SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE LYNN HOUSING AUTHORITY & NEIGHBORHOOD DEVELOPMNET FISCAL DIRECTOR AND ANY APPROPRIATE STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT SERVICES 464,165 0 0 OTHER 4,173 900 0 TOTAL 468,338 900 0
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$353,046
Liabilities
$109,376
Net assets
$243,670
Revenue
$898,228
Expenses
$895,527
Net income
$2,701
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.45$0.08$0.37$0.41$0.36$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.09$0.32$0.65$0.69$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.08$0.37$1.06$0.99$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.07$0.30$0.63$0.74$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.48$0.08$0.40$0.91$0.76$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.12$0.25$0.56$0.55$0.00
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.17$0.25$0.63$0.63$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.19$0.25$0.82$0.82$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.35$0.11$0.24$0.90$0.90$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.35$0.11$0.24$1.05$1.04$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.13$0.24$0.57$0.58$0.00
2013Summary only. Only limited summary data is available for this year.$0.25$0.01$0.19$0.19$0.00
2012Summary only. Only limited summary data is available for this year.$0.24$0.00$0.00$0.00$0.00
2011Summary only. Only limited summary data is available for this year.$0.24$0.00$0.00$0.01$0.01
2010Summary only. Only limited summary data is available for this year.$0.25$0.00$0.01$0.00$0.01