Lawrence Family Development Inc
Nonprofit profile at a glance
- EIN
- 043177142
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Lawrence, MA, USA
- Phone
- 9782248808
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Family Services
Reported finances
- Revenue
- $8,159,212
- Expenses
- $9,201,183
- Assets
- $6,366,291
- Liabilities
- $5,801,617
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- DANIEL HALLORAN (EXECUTIVE DIRECTOR)
- JAY KARAMOURTOPOULOS (PRESIDENT)
- GABRIELA TAVERAS (VICE PRESIDENT)
Highest reported compensation
- SUSAN PERRY (FINANCE DIRECTOR): $148,710 total reported compensation
- DANIEL HALLORAN (EXECUTIVE DIRECTOR): $143,299 total reported compensation
- JUSTIN HODGKINS (NUTRITION DIRECTOR): $131,681 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To strengthen individuals and families of lawrence, ma through the development of thriving neighborhoods by providing opportunity youth life skills and career training, adult education services, leased space and business management for a public charter school and turnaround provider for underperforming school districts.
What it reported doing in 2024
Sisu youth programming develops the educational and leadership potential of inner city youth and young adults in lawrence to improve their lives and community through service and sustaining economic development opportunities. Youth advocacy to foster lifelong learning and career development.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 83
- Accountability: 95
- Sustainability: 18
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89%; rating input score 89
- Program expense ratio: 79.3%; rating input score 79
- Fundraising efficiency: $229.53 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 69.8%; rating input score 70; 19th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -12.8%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 0.69; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.91; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 7%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: 11.4% per year; rating input score 100; 69th percentile among comparable filings
- Revenue growth: 9.4% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: -1% per year; rating input score 0; 10th percentile among comparable filings
Details
- Where the money goes: 89% of revenue deployed · 79.3% of spending went to programs
- Governance: 9 of 9 board members independent · 7 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $7.3M in reported program spending
- Leadership: top reported pay $149K · 14 people listed
- Consistency: 32 of 33 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors and grants
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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 — Sustainability: Operating margin scored 11/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.