NonprofitsLynnfield Initiatives For Elders Inc

Housing & Shelter

Lynnfield Initiatives For Elders Inc

LYNNFIELD, MA

Total revenue

$1.9M

Total expenses

$3.0M

Net assets

$19.1M

Grants received

EIN

042775961

Tax year

2024

Mission

The Organization was incorporated on 12/17/1982 as a not-for-profit organization under Massachusetts law to provide housing within the Town of Lynnfield for elderly, aged or handicapped persons. The Organization provides adequate housing facilities on a not-for-profit basis for the use and occupancy of elderly, aged or handicapped persons and other services specially designed to meet the physical, social and psychological needs of the elderly, aged and handicapped and to promote their health, security, and happiness in longer living.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$1.6M
Investment income$290K
Other revenue
Total revenue$1.9M

Expenses

Grants paid
Salaries & benefits$221K
Fundraising
Other expenses$2.8M
Total expenses$3.0M
Total assets$19.5M
Net assets$19.1M

People

6 listed

NameRoleCompensation

Dave Mayerson

Fmr Executive Director

Board

$72K

30 hrs/wk

Beverly Merritt

President

Board

3 hrs/wk

George Paris

Fmr President

Board

3 hrs/wk

Daniel Macintyre

Treasurer

Board

3 hrs/wk

Bruce Glinski

Vice President

Board

3 hrs/wk

Ronald Block

Clerk

Board

3 hrs/wk

Independent contractors

Colcord Energy Solutions

Contractor

$115K

Details

EIN042775961
NTEE codeL22Z
Subsection03
Ruling date1983-09
Formed1982
Employees4
Volunteers0
LYNNFIELD INITIATIVES FOR ELDERS INC — Mission, Financials & Grants Received | Grantivo