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 IS LOCATED IN LYNNFIELD, MASSACHUSETTS, AND PRESENTLY OPERATES THREE HOUSING COMPLEXES, CENTER VILLAGE, ESSEX VILLAGE, AND COLONIAL VILLAGE; CONSISING OF 60, 66, AND 48 RESIDENTIAL UNITS, RESPECTIVELY. 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.
Executive compensation
Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023
Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations in Massachusetts.
| Position | Total |
|---|---|
Executive Di Median to 75th percentile | $68k $74k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 7 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at LYNNFIELD INITIATIVES FOR ELDERS INC equaled 2% of the organization's total expenses. The median for housing & shelter organizations is 7%.
Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about LYNNFIELD INITIATIVES FOR ELDERS INC
What does the Chief Executive Officer of LYNNFIELD INITIATIVES FOR ELDERS INC earn?
In 2023, the Chief Executive Officer of LYNNFIELD INITIATIVES FOR ELDERS INC received $67,530 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Housing & Shelter organizations in Massachusetts, within the top half of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at LYNNFIELD INITIATIVES FOR ELDERS INC compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations in Massachusetts, the 2023 pay of the Chief Executive Officer at LYNNFIELD INITIATIVES FOR ELDERS INC falls between the median and the 75th percentile. In 2023, the highest total compensation at LYNNFIELD INITIATIVES FOR ELDERS INC equaled 2% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are LYNNFIELD INITIATIVES FOR ELDERS INC's revenue and expenses?
In 2023, LYNNFIELD INITIATIVES FOR ELDERS INC reported $1.7M in total revenue and $3.1M in total expenses on its IRS Form 990.
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