2025-03-20T16:22:51-05:00 2024-06-30 042694095 LITMANGERSON ASSOCIATES LLP 500 W CUMMINGS PARK SUITE 5650 WOBURN MA 01801 990 2023-07-01 222982463 HOUSING OPPORTUNITIES AND MANAGEMENT ENTERPRISES INC HOUS 7815810739 181 UNION ST SUITE LL102 LYNN MA 01902 MARK EVANS EXECUTIVE DIRECTOR 7815810739 2025-03-14 1 0 ROBERT F HART JR P00937795 7815694700 2025-03-14 2023 2025-03-06 01:10:19Z X MARK EVANS 181 UNION ST SUITE LL102 LYNN MA 01902 720666 0 X LSAHOME.ORG X 1989 MA TO PROVIDE HOUSING FOR INDIVIDUALS AND FAMILIES THAT IS AFFORDABLE AND SUPPORTIVE. 11 11 0 11 0 0 0 0 656961 720222 212 132 1597 312 658770 720666 0 0 0 0 0 0 0 0 0 764249 765667 764249 765667 -105479 -45001 1312565 1162002 896318 790756 416247 371246 TO PROVIDE HOUSING FOR INDIVIDUALS AND FAMILIES THAT IS AFFORDABLE, SUPPORTIVE AND PROVIDES ACCESS TO SERVICES FROM THE PARENT COMPANY, LYNN SHELTER ASSOCIATION, INC. 0 0 525049 694734 PERMANENT HOUSING PROGRAM: THE ORGANIZATION (HOME) PROVIDES ROOM AND APARTMENT RENTALS TO A RELATED ORGANIZATION, LYNN SHELTER ASSOCIATION (LSA), IN SUPPORT OF ITS PERMANENT HOUSING PROGRAM. LSA'S PERMANENT HOUSING PROGRAM PROVIDES HOUSING TO CHRONICALLY HOMELESS AND DISABLED INDIVIDUALS. IT ALSO PROVIDES HOUSING TO FAMILIES WHERE THE HEAD OF HOUSEHOLD WAS CHRONICALLY HOMELESS AND DISABLED. LSA'S PROGRAM SERVED APPROXIMATELY 84 INDIVIDUALS DURING THE YEAR. 21624 25800 AFFORDABLE HOUSING PROGRAM: THE ORGANIZATION (HOME) OPERATES A ROOMING HOUSE AND APARTMENT BUILDING IN DOWNTOWN LYNN, MA THAT PROVIDES BELOW MARKET HOUSING TO INDIVIDUALS AND FAMILIES. FUNDING FOR THIS PROGRAM IS FROM TENANT RENTS. HOME PROVIDED AFFORDABLE BELOW MARKET HOUSING TO 3 INDIVIDUALS DURING THE YEAR. 546673 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X NAT FRANKE CHIEF FINANCIAL OFFICER 7815810739 181 UNION ST SUITE LL102 LYNN MA 01902 WALTER GUPTILL CLERK 1.00 1.00 X X 0 0 0 DAYLE PERSONS DIRECTOR 1.00 1.00 X 0 0 0 DOMINIC FERRARI DIRECTOR 1.00 1.00 X 0 0 0 FRANCIS MANCINI DIRECTOR 1.00 1.00 X 0 0 0 SHEILA BYRD VICE PRESIDENT (ACTING PRESIDENT BEGINNING MAY 202 1.00 1.00 X X 0 0 0 MICHAEL TARMEY DIRECTOR 1.00 1.00 X 0 0 0 J MICHAEL ANDERSON DIRECTOR 1.00 1.00 X 0 0 0 FRANK NITKIEWICZ TREASURER 2.00 2.00 X X 0 0 0 JOSHUA C JUDKINS DIRECTOR 1.00 1.00 X 0 0 0 REV CLYDE ELLEDGE PRESIDENT (THROUGH MAY 2024) 1.00 1.00 X X 0 0 0 TOMMI HILL DIRECTOR 1.00 1.00 X 0 0 0 TOM CORNU DIRECTOR 1.00 1.00 X 0 0 0 MARK EVANS EXECUTIVE DIRECTOR 5.00 35.00 X 0 219543 10270 NAT FRANKE CHIEF FINANCIAL OFFICER 5.00 35.00 X 0 161689 1423 RUSSELL POULIN DIRECTOR OF OPERATIONS 5.00 35.00 X 0 118651 11401 CARALI GONZALEZ DIRECTOR OF HUMAN OPERATIONS 5.00 35.00 X 0 110480 212 0 610363 23306 0 0 1 0 K SECURITY SYSTEMS LLC 543 BOSTON ST LYNN MA 01905 SECURITY SERVICES 103721 1 RENTAL INCOME 531110 720222 720222 720222 132 132 MISCELLANEOUS 561000 312 312 312 720666 720534 0 132 243600 150900 92700 14538 14538 13171 4788 8383 600 600 255266 247111 8155 23861 18389 5472 59646 52462 7184 48470 48470 RENTAL BAD DEBT 73544 73544 REAL ESTATE TAXES 18102 15690 2412 SMALL EQUIPMENT RENTAL 14869 8863 6006 765667 546673 218994 0 151381 84714 29686 22424 2264 8684 1900164 853984 1129234 1046180 1312565 1162002 71851 54292 361294 333926 463173 402538 896318 790756 X 416247 371246 416247 371246 1312565 1162002 -45001 0 X 0 1 X 1 0 X 31703 31703 574864 607375 686198 656961 720222 3245620 574864 639078 686198 656961 720222 3277323 0 150900 138064 161562 197838 196732 845096 150900 138064 161562 197838 196732 845096 2432227 69 53 21 212 132 487 5001 2667 7668 5070 2720 21 212 132 8155 294 1597 312 2203 579934 641798 686513 658770 720666 3287681 0.73980 0.74290 0.00250 0.00400 X 121604 121604 1736270 811694 924576 42290 42290 0 1046180 DUE TO LSA 402538 402538 X 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. 0 0 0 0 0 0 0 0 0 MARK EVANS EXECUTIVE DIRECTOR 0 219543 0 0 0 0 0 0 0 10270 0 229813 0 0 NAT FRANKE CHIEF FINANCIAL OFFICER 0 161689 0 0 0 0 0 0 0 1423 0 163112 0 0 PART I, LINE 3 THE BOARD OF COMPENSATION COMMITTEE OF A RELATED ORGANIZATION APPROVED THE COMPENSATION. FORM 990, PART VI, SECTION A, LINE 3 LYNN SHELTER ASSOCIATION MANAGES THE ACCOUNTING AND HUMAN RESOURCES FOR H.O.M.E. 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 FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST LYNN SHELTER ASSOCIATION INC 181 UNION ST SUITE LL102 LYNN MA 01902 222603594 SHELTER & PERMANENT HOUSING MA 501(C)(3) LINE 10 N/A 0 OSMUND OWNER LLC 181 UNION ST SUITE LL102 LYNN MA 01902 933946650 OWNER OF REAL ESTATE ASSETS RELATED TO OSMUND BUILDING MA LYNN SHELTER ASSOCIATION INC NONE 205335 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 1.00000 0 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 LYNN SHELTER ASSOCIATION INC J 171000 COST/INVOICES LYNN SHELTER ASSOCIATION INC M 243600 COST/INVOICES LYNN SHELTER ASSOCIATION INC D 402538 COST/INVOICES