LYNNFIELD, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LYNNFIELD INITIATIVES FOR ELDERS INC is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2023. Expenses of $3.1M exceeded revenue, resulting in a 86% operating deficit.
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,669,899 | $1,575,920 | +0.1% |
| Expenses | $3,103,822 | $2,942,483 | +0.1% |
| Net Income | $-1,433,923 | $-1,366,563 | +0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVE MAYERSON | EXECUTIVE DI | 30.00 |
Officer
|
$67,530 | $0 | $67,530 |
| JAMES WILKIE THRU 63024 | FMR TREASURE | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| SALVATORE YERARDI THRU 63024 | FMR PRESIDEN | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| GEORGE PARIS EFF 7124 | PRESIDENT | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRUCE GLINSKI | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| DANIEL MACINTYRE | CLERK | 3.00 |
Director
|
$0 | $0 | $0 |
| BEVERLY MERRITT | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| BRUCE SIEGEL | VP AND TREAS | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $1,669,899 | $3,103,822 | $19,686,249 | $-1,433,923 |
| 2023 | $1,575,920 | $2,942,483 | $19,944,980 | $-1,366,563 |
| 2022 | $1,584,154 | $2,667,145 | $20,688,994 | $-1,082,991 |
| 2021 | $1,449,077 | $2,645,594 | $21,939,385 | $-1,196,517 |
| 2020 | $1,454,524 | $2,269,237 | $21,922,916 | $-814,713 |
| 2019 | $1,399,580 | $2,734,834 | $22,590,344 | $-1,335,254 |
Compare LYNNFIELD INITIATIVES FOR ELDERS INC with other nonprofits in Massachusetts and across the country.