Totals
- Total revenue
- $713,333
- Total expenses
- $1,162,068
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $115
- Other revenue
- $713,218
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- $1,162,068
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,162,068
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
3 · Investment income
total $115 · excluded $115
-
6a · Gross rents
real property $713,218
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $713,218
-
6d · Net rental income or loss
total $713,218 · excluded $713,218
Functional expenses
Part IX, the statement of functional expenses.
-
11g · Fees: other
total $91,087 · program services $91,087
-
20 · Interest
total $433,970 · program services $433,970
-
22 · Depreciation, depletion and amortization
total $636,698 · program services $636,698
-
24a · Other expenses: FILING FEE
total $313 · program services $313
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $63,170 · end of year $0
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $26,733,062 · end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $30,000 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $20,759,455 · end of year $0
-
25 · Other liabilities
beginning of year $5,365,220 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $641,557 · end of year $0
Mission and programs · 2024
Mission
TO REHABILITATE, CONSTRUCT AND EXPAND THE YMCA LOCATED IN LYNN, MA. ALSO, TO SUPPORT THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF METRO NORTH, INC. AND DEVELOP, INITIATE, AND OPERATE PROJECTS THAT ARE CONSISTENT WITH COMMUNITY NEEDS IN THE GREATER LYNN AREA.
Activities or mission (Part I)
LYNN Y SUPPORT, INC. WAS FORMED BY YOUNG MEN'S CHRISTIAN ASSOCIATION OF METRO NORTH, INC. IN 2017 AS PART OF A FINANCING STRUCTURED UNDER THE FEDERAL NEW MARKET TAX CREDIT PROGRAM TO REHABILITATE, CONSTRUCT AND EXPAND THE YMCA LOCATED IN LYNN, MA. THE ORGANIZATION'S MAIN OBJECTIVES ARE TO SUPPORT THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF METRO NORTH, INC. AND DEVELOP, INITIATE, AND OPERATE PROJECTS THAT ARE CONSISTENT WITH COMMUNITY NEEDS IN THE GREATER LYNN AREA.
-
DEMAKES FAMILY YMCA PROJECT - THE DEMAKES FAMILY YMCA PROJECT CONSISTS OF DEVELOPING AND CONSTRUCTING A NEW 70,000 SQUARE FOOT BUILDING ADJACENT TO THE EXISTING LYNN YMCA. THE NEW LYNN FACILITY WILL INCLUDE A HEALTH AND WELLNESS CENTER, A FAMILY ADVENTURE AND CHILD WATCH CENTER, A FAMILY AQUATICS CENTER, A GYMNASIUM, AN INDOOR TRACK, A COMMERCIAL KITCHEN, A LICENSED PRE-SCHOOL EARLY LEARNING CENTER, A TECHNOLOGY LAB, LOCKER ROOMS AND SIGNIFICANT COMMUNITY MEETING SPACE. THE DEMAKES FAMILY YMCA WILL HAVE THE PHYSICAL SPACE TO OFFER MORE COMPREHENSIVE PROGRAMS TO ADDRESS CRITICAL EDUCATIONAL, HEALTH, COMMUNITY AND SAFETY ISSUES.
Expenses $1,162,068
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Bruce MacDonaldBRUCE MACDONALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dan ClasbyDAN CLASBY
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Lisabeth LafontaineLISABETH LAFONTAINE
CLERK
- Total calculated
- $2,584
- From this org
- $0
- From related orgs
- $2,307
- Other
- $277
- Hours/week
- 2 + 5 related
-
Steve HendricksonSTEVE HENDRICKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mary SarrisMARY SARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kathleen WalshKATHLEEN WALSH
PRESIDENT
- Total calculated
- $382,256
- From this org
- $0
- From related orgs
- $340,099
- Other
- $42,157
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $340,099 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $41,400 related
- Nontaxable benefits
- $0 + $757 related
- Filer's total
- $0 + $382,256 related
-
Lisa FerraroLISA FERRARO
DIRECTOR
- Total calculated
- $229,472
- From this org
- $0
- From related orgs
- $195,140
- Other
- $34,332
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $195,140 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $24,796 related
- Nontaxable benefits
- $0 + $9,536 related
- Filer's total
- $0 + $229,472 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
YOUNG MEN'S CHRISTIAN ASSOCIATION OF METRO NORTH INC
501(C)(3) · SECURING LONG-TERM FINANCING TO RECONSTRUCT THE LYNN, MA YMCA. · MA
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
Liquidation · SEE PART III SUPPLEMENTAL INFO · Nov 21, 2024 · 501(C)(3)
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541059349302324
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