Overview
What is Lynnfield Initiatives For Elders Inc?
Lynnfield Initiatives For Elders Inc is a nonprofit organization established in Lynnfield, Massachusetts, with a mission to provide affordable housing for the elderly, aged, or handicapped residents of the town, as well as their family members. The organization, incorporated in 1982, operates three housing complexes, namely Center Village, Essex Village, and Colonial Village, offering a total of 174 residential units. Their mission is to offer not-for-profit housing facilities and services tailored to meet the physical, social, and psychological needs of their residents, promoting their health, security, and happiness in longer living. The organization currently employs a team of 4 individuals dedicated to achieving this mission.
Official website here: www.life-inc.us
Is Lynnfield Initiatives For Elders Inc legitimate?
Lynnfield Initiatives For Elders Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lynnfield Initiatives For Elders Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $64,932
Professional Fundraising Fees: $0
Other Salaries and Wages: $114,653
For more financial information, click here
Official website here: www.life-inc.us
What is the mission statement of Lynnfield Initiatives For Elders Inc?
Lynnfield Initiatives For Elders Inc was established as a non-profit organization in 1982, with a mission to provide housing for elderly, aged, or handicapped individuals within the town of Lynfield. The organization's primary goal is to offer adequate housing on a not-for-profit basis, catering to the physical, social, and psychological needs of these individuals. The organization operates three housing complexes, Center Village, Essex Village, and Colonial Village, providing a total of 174 residential units. By doing so, Lynnfield Initiatives For Elders Inc aims to promote the health, security, and happiness of elderly, aged, and handicapped individuals, contributing to their overall well-being and longer living.
Official website here: www.life-inc.us
Who is the CEO of Lynnfield Initiatives For Elders Inc?
Salvatore Yerardi is the Executive Di of Lynnfield Initiatives For Elders Inc.
Official website here: www.life-inc.us
What is the revenue of Lynnfield Initiatives For Elders Inc?
Lynnfield Initiatives For Elders Inc's revenue in 2023 was $1,575,920.
Official website here: www.life-inc.us
Who are the executives of Lynnfield Initiatives For Elders Inc and what are their salaries?
The average compensation at Lynnfield Initiatives For Elders Inc during 2023 was $44,896. There are 4 employees at Lynnfield Initiatives For Elders Inc.
Here are 7 key members and their salaries:
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Official website here: www.life-inc.us
Where can I find the form 990 for Lynnfield Initiatives For Elders Inc?
Lynnfield Initiatives For Elders Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.life-inc.us
Learn more at the official website: www.life-inc.us
Mission Statement of Lynnfield Initiatives For Elders Inc
Lynnfield Initiatives For Elders Inc, established in 1982, was incorporated as a not-for-profit organization with the primary mission of providing adequate housing facilities for elderly, aged, or handicapped individuals within the town of Lynfield. This organization is dedicated to serving the physical, social, and psychological needs of these individuals, promoting their health, security, and happiness in longer living. The organization operates three housing complexes, Center Village, Essex Village, and Colonial Village, with a total of 164 residential units. These facilities offer not-for-profit housing for the use and occupancy of the elderly, aged, and handicapped individuals, ensuring they have a comfortable and safe living environment. The services provided by Lynnfield Initiatives For Elders Inc are specifically designed to cater to the unique needs of this demographic, aiming to enhance their quality of life and overall well-being.
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Impact
October, 2024
Lynnfield Initiatives For Elders Inc directly addresses the critical need for affordable housing by providing 174 residential units specifically designed for elderly, aged, or handicapped individuals in Lynnfield, Massachusetts. This initiative creates a supportive living environment that meets various physical, social, and psychological needs, contributing to the overall well-being and happiness of its residents.
By operating three housing complexes—Center Village, Essex Village, and Colonial Village—the organization ensures that these vulnerable populations have access to safe and adequate housing options. This not only fosters a sense of community among residents but also enhances their quality of life. The services offered help promote health and security, ultimately enabling residents to enjoy a longer, more fulfilling life.
The impact extends beyond just housing; it cultivates a space where the elderly can maintain their independence while receiving the support they need. This holistic approach significantly contributes to their mental and emotional well-being, demonstrating a profound commitment to enhancing the lives of elderly, aged, and handicapped individuals in the Lynnfield community.
This information is meant to be a general summary of Lynnfield Initiatives For Elders Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $112,141
- Program Service Revenue: $1,463,779
- Gross Receipts: $2,299,717
Assets and Liabilities:
- Total Assets: $19,944,980
- Total Liabilities: $164,666
- Net Assets: $19,780,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERS' MAINTENANCE FEES
Revenue
$1,463,779
Organization Details
Phone
(781) 334-6066Principal Officer
Salvatore Yerardi
Main Address
101 ESSEX VILLAGE, LYNNFIELD, MA, 01940
Website
www.life-inc.usNTEE Category
Code: L22Z - Housing
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