King's Lynne Residents Council Inc

Nonprofit profile at a glance

EIN
042531626
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Lynn, MA, USA
Phone
7815920366
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Homeowners & Tenants Associations

Reported finances

Revenue
$619,164
Expenses
$180,321
Assets
$1,990,325
Liabilities
$6,711

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • ANITA VEILLEUX (PRESIDENT)

Highest reported compensation

  • ANITA VEILLEUX (PRESIDENT): $10,920 total reported compensation
  • TONYA GIBSON (SARGENT AT A): $2,200 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To serve and assist the residents of king's lynne, a housing development in lynn, Massachusetts. The organization sponsors clam bakes, christmas dinner, thanksgiving dinner, block partys, movies for children, trips to amusement parks, halloween parties and a cafe.

Operating model

Revenue model
Other-operating. 93% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 76% for direct work, and 24% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 36
  • Transparency & Controls: 93
  • Accountability: 74
  • Sustainability: 85
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 24.1%; rating input score 24
  • Program expense ratio: 68.7%; rating input score 69
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 78th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 70.9%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 11.04; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 7.3%; rating input score 45; 45th percentile among comparable filings

Growth

  • Program expense growth: 8.4% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: 16.1% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 19.7% per year; rating input score 100; 78th percentile among comparable filings

Details

  • Where the money goes: 24.1% of revenue deployed · 68.7% of spending went to programs
  • Governance: 12 of 12 board members independent · 3 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $124K in reported program spending
  • Leadership: top reported pay $11K · 11 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 3 filed schedules · includes grants
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 24/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 45/100.