Nonprofit · EIN 04-2104409
LYNN HOME FOR YOUNG WOMEN INC
Tax-exempt · LYNN, MA 01901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $756,149 | $719,009 | $37,140 | $8,225,173 | $5,768,102 | $2,457,071 |
| May 31, 2024 | 990 | $688,436 | $692,790 | -$4,354 | $8,096,444 | $5,821,126 | $2,275,318 |
| May 31, 2023 | 990 | $562,994 | $682,296 | -$119,302 | $7,829,194 | $5,886,888 | $1,942,306 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $55,353
- Program service revenue
- $390,236
- Investment income
- $239,655
- Net gain from sales of assets
- $148,703
- Net income from fundraising events
- -$6,891
- Other revenue
- $70,905
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $80,815
- Other salaries and wages
- $46,471
- Salaries, compensation and benefits (total)
- $137,673
- Professional fundraising fees
- $0
- Legal fees
- $35,182
- Accounting fees
- $19,261
- Occupancy
- $169,117
- Depreciation
- $172,026
- Program services (functional)
- $575,568
- Management and general (functional)
- $116,795
- Fundraising (functional)
- $26,646
Balance sheet and other
- Total assets, start of year
- $8,096,444
- Total assets, end of year
- $8,225,173
- Total liabilities, end of year
- $5,768,102
- Net assets, end of year
- $2,457,071
- Land, buildings and equipment
- $4,046,663
- Publicly traded securities
- $3,771,038
- Net assets without donor restrictions
- $2,425,010
- Net assets with donor restrictions
- $32,061
- Gross receipts
- $1,592,925
- Employees
- 4
- Volunteers
- 25
- Year formed
- 1906
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lisa Connolly | Executive Director Trustee or director | 40 | $51,752 |
| Miosotty Brogan | Member Trustee or director | 1 | $0 |
| Lisa Carangelo | Vice President Trustee or director, Officer | 2 | $0 |
| Karen Falat | Member Trustee or director | 1 | $0 |
| Dr Steve Kotsakis | Member Trustee or director | 1 | $0 |
| Harry MacCabe | Member Trustee or director | 1 | $0 |
| Douglas Maitland | Member Trustee or director | 1 | $0 |
| Duncan Maitland | Member Trustee or director | 1 | $0 |
| Barbara Morrison | President Trustee or director, Officer | 2 | $0 |
| Emily Potts | Treasurer Trustee or director, Officer | 2 | $0 |
| Ruthanne Switzer | Member Trustee or director | 1 | $0 |
| Wendy Williams | Secretary Trustee or director, Officer | 2 | $0 |
990 for the year ended May 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LISA CONNOLLY | EXECUTIVE DI Officer | 40 | $79,480 | $15,207 |
| BARBARA MORRISON | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| EMILY POTTS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| LISA CARANGELO | 1ST VP Trustee or director, Officer | 2 | $0 | $0 |
| WENDY WILLIAMS | CLERK Trustee or director, Officer | 2 | $0 | $0 |
| DOUGLAS MAITLAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIOSOTTY BROGAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN FALAT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DUNCAN MAITLAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHEN KOTSAKIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUTHANNE SWITZER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HARRY MACCABE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended May 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LISA CONNOLLY | EXECUTIVE DI Officer | 40 | $73,380 | $24,985 |
| MIOSOTTY BROGAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANE CAHILL | 2ND VP Trustee or director, Officer | 2 | $0 | $0 |
| VIRGINIA CAHILL | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| LISA CARANGELO | 1ST VP Trustee or director, Officer | 2 | $0 | $0 |
| KAREN FALAT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHEN KOTSAKIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HARRY MACCABE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUGLAS MAITLAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DUNCAN MAITLAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARBARA MORRISON | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| EMILY POTTS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| RUTHANNE SWITZER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RON WAXMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WENDY WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 144 BROAD ST, LYNN, MA 01901-1627
- Principal officer (990 for 2024)
- Lisa Carangelo, 144 Broad Street, Lynn, MA 01901
- Signed the 990
- Lisa Carangelo, President
- Phone
- (781) 592-2037
- Return prepared by
- LCW CPAs
Mission
THE HOME OPERATES A HOME FOR LOW INCOME INDIVIDUALS FOCUSING ON THE WHOLE INDIVIDUAL BY PROVIDING SERVICES AND PROGRAMS FOR OUR RESIDENTS.
Program accomplishments
- THE ORGANIZATION OPERATES A HOME FOR LOW INCOME INDIVIDUALS BY OFFERING AFFORDABLE UNITS FOR RENT AT BELOW MARKET RATES. THERE ARE 43 RESIDENTIAL UNITS RANGING FROM FURNISHED ROOMS TO STUDIO APARTMENTS, AS WELL AS COMMON AREAS. THE HOME ALSO OFFERS A MEALS PROGRAM, SOCIAL SERVICES AND TRAINING TO RESIDENTSExpenses $575,568 · revenue $390,236
- THE HOME MAINTAINS A SCHOLARSHIP PROGRAM FOR THE BENEFIT OF ITS RESIDENTS. NO SCHOLARSHIPS WERE AWARDED DURING FYE 5/31/2025.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2104409
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $8,225,173
- Income (IRS master file)
- $1,592,925
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $756,149 | $719,009 | $8,225,173 | XML |
| 990 | May 2024 | $688,436 | $692,790 | $8,096,444 | XML |
| 990 | May 2023 | $562,994 | $682,296 | $7,829,194 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2104409).
Questions about LYNN HOME FOR YOUNG WOMEN INC
- What is the EIN of LYNN HOME FOR YOUNG WOMEN INC?
- The employer identification number (EIN) of LYNN HOME FOR YOUNG WOMEN INC is 04-2104409.
- Is LYNN HOME FOR YOUNG WOMEN INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to LYNN HOME FOR YOUNG WOMEN INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LYNN HOME FOR YOUNG WOMEN INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LYNN HOME FOR YOUNG WOMEN INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LYNN HOME FOR YOUNG WOMEN INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of LYNN HOME FOR YOUNG WOMEN INC?
- The 990 for the year ended May 31, 2025 names Lisa Carangelo.
- Who are the officers and directors of LYNN HOME FOR YOUNG WOMEN INC?
- The 990 for the year ended May 31, 2025 lists 12 people; 1 received compensation from the organization, the highest $51,752 (Lisa Connolly, Executive Director).
- How much revenue does LYNN HOME FOR YOUNG WOMEN INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $756,149, expenses of $719,009 and total assets of $8,225,173 at year end.
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