Overview
What is Lynn Shelter Association Inc?
Lynn Shelter Association Inc, located in Lynn, Massachusetts, is a dedicated nonprofit organization that prioritizes providing a safe place for individuals and families experiencing homelessness. Their mission, as stated, is to offer a secure environment where individuals can pursue their goals towards self-sufficiency. The association operates three congregate shelters in residential neighborhoods of Lynn, accommodating 64 shelter units. They provide essential services such as shelter, food, support, and training in parenting and financial skills. Additionally, they assist in housing searches, job searches, and benefit maximization. Within 30 days of arrival, participants are registered with medical and mental health services. The primary funding for this program comes from the Massachusetts Department of Housing and Community Development (DHCD) and the Massachusetts Department of Public Health (DPH). Lynn Shelter Association Inc serves approximately 266 clients annually, offering permanent, transitional housing, and emergency sheltering, along with supportive services. The organization employs 99 individuals, demonstrating their commitment to helping over 800 homeless and formerly homeless individuals and families in the Greater Lynn area each year.
Official website here: www.lsahome.org
What are the reviews and ratings of this charity?
Charity Navigator rates Lynn Shelter Association Inc with an 84%, awarding it a Three-Star out of Four Star rating. This score reflects a solid level of accountability and financial health, indicating that the organization effectively manages its resources. The charity demonstrates transparency and governance proficiency with 100% of its board members being independent, a strong audit and oversight committee, and comprehensive policies in place.
The organization excels in its program expense ratio, allocating 82.02% of its funds directly to its programs, which highlights its commitment to its mission. Furthermore, it has established robust policies regarding conflict of interest and whistleblower protections, contributing to a trustworthy operational framework. These strengths suggest that donors can feel confident in the responsible use of their contributions.
However, there is a notable area of concern with a liabilities to assets ratio of 65.34%, which may indicate potential financial risks. While this isn't an alarming figure, it is important for stakeholders to monitor the organization's financial health over time. Overall, Lynn Shelter Association Inc shows promise as a well-managed nonprofit with a strong focus on program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Lynn Shelter Association Inc legitimate?
Lynn Shelter Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lynn Shelter Association 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: $246,502
Professional Fundraising Fees: $102,972
Other Salaries and Wages: $2,342,847
For more financial information, click here
Official website here: www.lsahome.org
What is the mission statement of Lynn Shelter Association Inc?
The Lynn Shelter Association Inc, in its mission, strives to offer a secure environment for individuals aiming to achieve self-sufficiency and independence. Their mission encompasses providing various housing solutions, including temporary and permanent shelters, supportive services, and access to a range of community supports. Annually, they assist over 800 homeless and formerly homeless individuals and families in their journey towards independence. The Family Shelter Program, a part of their offerings, provides shelter, support, food, and a host of services such as case management, parenting skills training, financial skills, housing search assistance, job search aid, and benefit maximization. This program ensures that participants are registered with medical and mental health services within a month of arrival. Their primary funding sources include the Massachusetts Department of Housing and Community Development (DHCD) and the Massachusetts Department of Public Health (DPH).
Official website here: www.lsahome.org
Who is the CEO of Lynn Shelter Association Inc?
Mark Evans is the Clerk of Lynn Shelter Association Inc.
Official website here: www.lsahome.org
What is the revenue of Lynn Shelter Association Inc?
Lynn Shelter Association Inc's revenue in 2022 was $6,474,918.
Official website here: www.lsahome.org
Who are the executives of Lynn Shelter Association Inc and what are their salaries?
The average compensation at Lynn Shelter Association Inc during 2022 was $26,155. There are 99 employees and 17 volunteers at Lynn Shelter Association Inc.
Here are 14 key members and their salaries:
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- Other: $7,450
Official website here: www.lsahome.org
Where can I find the form 990 for Lynn Shelter Association Inc?
Lynn Shelter Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lsahome.org
Learn more at the official website: www.lsahome.org
Mission Statement of Lynn Shelter Association Inc
Lynn Shelter Association Inc, a nonprofit organization, is committed to providing a safe environment for individuals seeking independence and self-sufficiency. Its mission is to offer a variety of housing solutions and supportive services to over 800 homeless and formerly homeless individuals and families annually. The organization provides both permanent and transitional housing, as well as emergency sheltering, to help those in need find stability.
Lynn Shelter Association Inc's Family Shelter Program is a crucial component of its mission. This program, which operates in residential neighborhoods in Lynn, Massachusetts, provides shelter, support, food, and essential services to homeless families with children. The program offers on-site case management, training in parenting and financial skills, assistance with housing and job searches, and benefit maximization. Within 30 days of arrival, the program ensures that participants are registered with medical and mental health services. This comprehensive approach aims to empower families to rebuild their lives and achieve independence.
The organization's funding primarily comes from the Massachusetts Department of Housing and Community Development (DHCD) and the Massachusetts Department of Public Health (DPH). The Family Shelter Program served approximately 266 clients during the year, demonstrating Lynn Shelter Association Inc's commitment to providing vital support to those in need.
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Impact
October, 2024
Lynn Shelter Association Inc (LSA) significantly impacts the lives of over 800 individuals and families experiencing homelessness each year in the Greater Lynn area. By providing a safe and supportive environment, LSA empowers clients to pursue their own goals for independence and self-sufficiency.
The Family Shelter Program, comprising three congregate shelters, offers 64 units specifically designed for families with children. These shelters not only provide essential services such as food and housing but also extend critical resources like on-site case management, parenting skills training, financial literacy programs, and assistance with job searches and benefit maximization. This multifaceted approach ensures that participants receive comprehensive support, including necessary medical and mental health services within the first month of their stay, facilitating a smoother transition to stability.
Through its dedication to offering permanent supportive housing and a range of community supports, LSA plays an integral role in breaking the cycle of homelessness, fostering resilience, and creating pathways to long-term success for vulnerable populations in the community.
This information is meant to be a general summary of Lynn Shelter Association 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 2022.
- Investment Income: $114
- Program Service Revenue: $466,684
- Gross Receipts: $6,485,193
Assets and Liabilities:
- Total Assets: $3,707,403
- Total Liabilities: $542,445
- Net Assets: $3,164,958
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$466,684
Organization Details
Founding Year
1984
Phone
(781) 581-0739Principal Officer
Mark Evans
Main Address
100 WILLOW STREET, LYNN, MA, 01901
Website
www.lsahome.orgNTEE Category
Code: L41Z - Housing
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