Lynn Home for Young Women Inc

EIN: 042104409 501(c)(3) Education

Lynn, MA

Total Revenue
$756,149
Total Expenses
$719,009
Total Assets
$8,225,173
Net Assets
$2,457,071
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1906
Legal Domicile
MA
Principal Officer
Lisa Carangelo
Phone
7815922037
Tax Period
2024-06-01 to 2025-05-31

Lynn Home for Young Women Inc, founded in 1906, is a small nonprofit in the Education sector that reported $756K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $719K left a modest 5% surplus.

Mission

THE HOME OPERATES A HOME FOR LOW INCOME INDIVIDUALS FOCUSING ON THE WHOLE INDIVIDUAL BY PROVIDING SERVICES AND PROGRAMS FOR OUR RESIDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $55,353
Program Service Revenue $390,236
Investment Income $239,655
Other Revenue $70,905
TOTAL REVENUE $756,149

Expense Breakdown

Grants Paid $0
Salaries & Benefits $137,673
Fundraising Expenses $26,646
Program Expenses $575,568
Other Expenses $581,336
TOTAL EXPENSES $719,009

Year-over-Year Comparison

2024 2023 Change
Revenue $756,149 $688,436 +0.1%
Expenses $719,009 $692,790 +0.0%
Net Income $37,140 $-4,354 -9.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
4
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
12
$51,752
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Miosotty Brogan Member 1.00
Director
$0 $0 $0
Lisa Carangelo Vice President 2.00
Officer Director
$0 $0 $0
Karen Falat Member 1.00
Director
$0 $0 $0
Dr Steve Kotsakis Member 1.00
Director
$0 $0 $0
Harry MacCabe Member 1.00
Director
$0 $0 $0
Douglas Maitland Member 1.00
Director
$0 $0 $0
Duncan Maitland Member 1.00
Director
$0 $0 $0
Barbara Morrison President 2.00
Officer Director
$0 $0 $0
Emily Potts Treasurer 2.00
Officer Director
$0 $0 $0
Ruthanne Switzer Member 1.00
Director
$0 $0 $0
Wendy Williams Secretary 2.00
Officer Director
$0 $0 $0
Lisa Connolly Executive Director 40.00
Director
$51,752 $0 $51,752
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $756,149 $719,009 $8,225,173 $37,140
2024 $688,436 $692,790 $8,096,444 $-4,354
2023 $562,994 $682,296 $7,829,194 $-119,302
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