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Lynnfield Initiatives For Elders Inc

  • Lynnfield, MA
  • Tax-exempt since Sept. 1983
  • EIN: 04-2775961

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Senior Citizens' Housing/Retirement Communities (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.58M (2023)

Expenses
$2.94M (2023)

Total Assets
$19.9M (2023)

Total Liabilities
$165k (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,575,920
Expenses
$2,942,483
Net Income
-$1,366,563
Net Assets
$19,780,314
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,463,779
92.9%
Investment Income $81,305
5.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $30,836
2.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $64,932
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $114,653
3.9%
Assets/Debt
Total Assets $19,944,980
Total Liabilities $164,666
Net Assets $19,780,314
Compensation
Key Employees and Officers Compensation Related Other
Dave Myerson (Executive Di) $63,180 $0 $0
Daniel Macintyre Start 62123 (Director) $0 $0 $0
Frank Santangelo Thru 62123 (Fmr Vice Pre) $0 $0 $0
James Wilkie Start 62123 (Treas. Eff 9) $0 $0 $0
George Paris (Clerk) $0 $0 $0
Bruce Siegel (Vp Eff 9/18/) $0 $0 $0
Salvatore Yerardi (President) $0 $0 $0
+ View more people

Document Links

990
Filed on Oct. 6, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,584,154
Expenses
$2,667,145
Net Income
-$1,082,991
Net Assets
$20,588,019
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,387,892
87.6%
Investment Income $71,082
4.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $125,180
7.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $61,428
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $108,509
4.1%
Assets/Debt
Total Assets $20,688,994
Total Liabilities $100,975
Net Assets $20,588,019
Compensation
Key Employees and Officers Compensation Related Other
Dave Myerson (Executive Di) $60,822 $0 $0
H Joseph Maney Until 63022 (Fmr Vice Pre) $0 $0 $0
Jack Adelson Until 63022 (Former Treas) $0 $0 $0
Ronald Grasso Until 63022 (Former Direc) $0 $0 $0
Frank Santangelo Begin 93022 (Vice Preside) $0 $0 $0
George Paris (Clerk) $0 $0 $0
Bruce Siegel (Treasurer) $0 $0 $0
Salvatore Yerardi (President) $0 $0 $0
+ View more people

Document Links

990
Filed on March 31, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,449,077
Expenses
$2,645,594
Net Income
-$1,196,517
Net Assets
$21,850,929
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,323,332
91.3%
Investment Income $65,020
4.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $60,725
4.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $60,216
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $21,939,385
Total Liabilities $88,456
Net Assets $21,850,929
Compensation
Key Employees and Officers Compensation Related Other
David Mayerson (Exective Director) $59,628 $0 $0
Salvatore Yerardi (President/Director) $0 $0 $0
H Joseph Maney (Vice President/Director) $0 $0 $0
Jack Adelson (Treasurer/Director) $0 $0 $0
Bruce Siegel (Secretary/Director) $0 $0 $0
Ronald Grasso (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 10, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,454,524
Expenses
$2,269,237
Net Income
-$814,713
Net Assets
$21,899,670
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,303,405
89.6%
Investment Income $60,754
4.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $90,365
6.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $59,040
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $21,922,916
Total Liabilities $23,246
Net Assets $21,899,670
Compensation
Key Employees and Officers Compensation Related Other
David Mayerson (Exective Director) $59,040 $0 $0
Salvatore Yeradi (President/Director) $0 $0 $0
H Joseph Maney (Vice President/Director) $0 $0 $0
Jack Adelson (Treasurer/Director) $0 $0 $0
Bruce Siegel (Secretary/Director) $0 $0 $0
Ronald Grasso (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 9, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,399,580
Expenses
$2,734,834
Net Income
-$1,335,254
Net Assets
$22,550,500
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,269,058
90.7%
Investment Income $72,243
5.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $58,279
4.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $22,590,344
Total Liabilities $39,844
Net Assets $22,550,500
Compensation
Key Employees and Officers Compensation Related Other
H Joseph Maney (President/Director) $0 $0 $0
Salvatore Yerardi (Vice President/Director) $0 $0 $0
Jack Adelson (Treasurer/Director) $0 $0 $0
Bruce Siegel (Secretary/Director) $0 $0 $0
Ronald Grasso (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Oct. 24, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,483,379
Expenses
$0
Net Income
$1,483,379
Net Assets
$23,247,486
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,243,377
83.8%
Investment Income $240,002
16.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $23,277,834
Total Liabilities $30,348
Net Assets $23,247,486

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,470,629
Expenses
$2,218,308
Net Income
-$747,679
Net Assets
$24,154,641
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,204,872
81.9%
Investment Income $265,757
18.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $24,232,956
Total Liabilities $78,315
Net Assets $24,154,641

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,206,506
Expenses
$2,074,164
Net Income
-$867,658
Net Assets
$24,613,320
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,154,563
95.7%
Investment Income $51,943
4.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $119,241
5.7%
Assets/Debt
Total Assets $24,757,825
Total Liabilities $144,505
Net Assets $24,613,320

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$958,205
Expenses
$2,149,838
Net Income
-$1,191,633
Net Assets
$24,036,153
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $939,660
98.1%
Investment Income $18,545
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $102,348
4.8%
Assets/Debt
Total Assets $24,602,071
Total Liabilities $565,918
Net Assets $24,036,153

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$939,508
Expenses
$1,727,892
Net Income
-$788,384
Net Assets
$8,462,266
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $764,150
81.3%
Investment Income $175,358
18.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $82,641
4.8%
Assets/Debt
Total Assets $18,639,797
Total Liabilities $10,177,531
Net Assets $8,462,266

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$885,668
Expenses
$1,594,098
Net Income
-$708,430
Net Assets
$8,832,849
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $739,321
83.5%
Investment Income $146,347
16.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $81,147
5.1%
Assets/Debt
Total Assets $8,878,594
Total Liabilities $45,745
Net Assets $8,832,849

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$795,370
Expenses
$1,231,951
Net Income
-$436,581
Net Assets
$8,784,779
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $742,889
93.4%
Investment Income $52,481
6.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $87,434
7.1%
Assets/Debt
Total Assets $8,838,163
Total Liabilities $53,384
Net Assets $8,784,779

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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