2024-04-18T09:54:29-05:00 2023-06-30 203985546 JOHNSON O'CONNOR FERON & CARUCCI LLP 101 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 990 2022-07-01 204539248 THE SEEDS OF HOPE HOUSING INC SEED 9787440500 56 MARGIN ST SALEM MA 01970 JASON ETHERIDGE EXECUTIVE DIRECTOR 9787440500 2024-04-17 1 JASON ETHERIDGE XXX-XX-XXXX 0 JOSEPH M GISO CPA MST P00030126 7819143400 2024-04-17 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JASON ETHERIDGE 56 MARGIN STREET SALEM MA 01970 97618 0 X WWW.LIFEBRIDGESALEM.ORG X 2007 MA TO OWN, MANAGE, AND MAINTAIN RESIDENTIAL REAL ESTATE FOR THE PERMANENT HOUSING AND BENEFIT OF HOMELESS AND LOW INCOME PERSONS, CONSISTING OF TWO BUILDINGS AND THE UNDERLYING LAND ON HIGH STREET AND ENDICOTT STREET IN SALEM, MASSACHUSETTS. THE ORGANIZATION ALSO CONDUCTS EDUCATIONAL PROGRAMS IN CONNECTION WITH SAID HOUSING. IN ADDITION, THE ORGANIZATION, IN COLLABORATION WITH THE SALEM MISSION, INC. OFFERS MEALS, MEDICAL CARE AND CASE MANAGEMENT. 14 13 0 13 0 0 0 0 104436 97561 57 57 0 0 104493 97618 0 0 0 0 37163 50290 0 0 0 185176 145387 222339 195677 -117846 -98059 1548629 1521665 2006197 2077292 -457568 -555627 X TO OWN, MANAGE, AND MAINTAIN RESIDENTIAL REAL ESTATE FOR THE PERMANENT HOUSING AND BENEFIT OF HOMELESS AND LOW INCOME PERSONS, CONSISTING OF TWO BUILDINGS AND THE UNDERLYING LAND ON HIGH STREET AND ENDICOTT STREET IN SALEM, MASSACHUSETTS. THE ORGANIZATION ALSO CONDUCTS EDUCATIONAL PROGRAMS IN CONNECTION WITH SAID HOUSING. IN ADDITION, THE ORGANIZATION, IN COLLABORATION WITH THE SALEM MISSION, INC. OFFERS MEALS, MEDICAL CARE AND CASE MANAGEMENT. 0 0 180686 97561 MAINTAIN RESIDENTIAL REAL ESTATE FOR THE BENEFIT OF LOW INCOME PERSONS. THERE ARE CURRENTLY TWO PROPERTIES OWNED BY THE ORGANIZATION, WHICH HAVE 22 OCCUPIED UNITS OF SUPPORTIVE HOUSING. 180686 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 MA X JASON ETHERIDGE EXECUTIVE DIRECTOR 9787440500 56 MARGIN STREET SALEM MA 01970 JASON ETHERIDGE EXECUTIVE DIRECTOR 5.00 40.00 X X 0 180241 33878 MARY JANE MCGLENNON CHAIR 4.00 X X 0 0 0 PAUL O'LEARY VICE CHAIR 4.00 X X 0 0 0 ROBERT C SEAMANS III TREASURER 4.00 X X 0 0 0 JAY COBURN SECRETARY 4.00 X X 0 0 0 LYN FREEMAN DIRECTOR 4.00 X 0 0 0 JOHN ARCHER DIRECTOR 4.00 X 0 0 0 JOHN BURKE DIRECTOR 4.00 X 0 0 0 RICHARD FITZPATRICK DIRECTOR 4.00 X 0 0 0 PHILIP FURSE DIRECTOR 4.00 X 0 0 0 KURT DECKER-LUCKE DIRECTOR 4.00 X 0 0 0 ANNE RYBICKI DIRECTOR 4.00 X 0 0 0 CAROLYN STEWART DIRECTOR 4.00 X 0 0 0 LAURA TYRRELL DIRECTOR 4.00 X 0 0 0 0 180241 33878 0 0 1 0 0 RENTAL INCOME 721000 97561 97561 97561 57 57 97618 97561 0 57 39534 39534 7127 7127 3629 3629 13337 13337 892 892 3620 1966 1654 31223 31223 57782 57782 16220 16220 REPAIRS AND MAINTENANCE 22313 22313 195677 180686 14991 0 76924 99878 9615 17481 892 890 2363576 967738 1453620 1395838 7578 7578 1548629 1521665 3024 2603 1780776 1780776 222397 293913 2006197 2077292 X -983498 -1106557 525930 550930 -457568 -555627 1548629 1521665 -98059 0 X X 0 1 X 1 1 1 X X 1 THE SALEM MISSION INC 204539306 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2320308 927227 1393081 43268 40511 2757 1395838 DUE TO RELATED PARTY 287161 SECURITY DEPOSITS 6752 293913 X 5431406 5333788 5333788 97618 0 97618 5619963 5424286 5424286 195677 0 195677 PART X, LINE 2: THE ORGANIZATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES. INCOME RELATED TO THESE PURPOSES IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNRELATED BUSINESS INCOME WOULD BE TAXABLE ACCORDING TO APPLICABLE INTERNAL REVENUE CODE SECTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: THE SALEM MISSION, INC. D/B/A LIFEBRIDGE REVENUES 5,333,788. PART XII, LINE 2D - OTHER ADJUSTMENTS: THE SALEM MISSION, INC. D/B/A LIFEBRIDGE EXPENSES 5,424,286. X X X 0 0 0 0 0 0 0 0 0 JASON ETHERIDGE EXECUTIVE DIRECTOR 0 180241 0 0 0 0 0 0 0 33878 0 214119 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS DETERMINES THE EXECUTIVE DIRECTOR'S COMPENSATION BASED ON PERFORMANCE AND COMPARABLE DATA. DOCUMENTATION OF THIS DECISION IS INCLUDED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDES A COPY OF THE FINAL DRAFT OF THE FORM 990 TO THE ENTIRE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY. IF CIRCUMSTANCES ARISE DURING THE YEAR THAT PRESENT A CONFLICT OF INTEREST HE/SHE IS REQUIRED TO DISCLOSE THE CONFLICT TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS DETERMINES THE EXECUTIVE DIRECTOR'S COMPENSATION BASED ON PERFORMANCE AND COMPARABLE DATA. DOCUMENTATION OF THIS DECISION IS INCLUDED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PAGE 12, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS OR SELECTION PROCESS FOR AN INDEPENDENT ACCOUNTANT DURING THE TAX YEAR. FORM 990, PART IX AND PART V, LINE 2A THE ORGANIZATION SHARES EMPLOYEES WITH THEIR RELATED ENTITY, THE SALEM MISSION, INC. D/B/A LIFEBRIDGE SALEM. ALL OF THE PAYROLL IS MAINTAINED BY THE RELATED ENTITY AND SALARIES APPLICABLE TO ACTIVITIES OF THE ORGANIZATION ARE ALLOCATED TO THE ORGANIZATION BASED ON TIME SPENT RELATIVE TO THOSE ACTIVITIES. THE SALEM MISSION INC DBA LIFEBRIDGE 56 MARGIN ST SALEM MA 01970 204539306 EMERGENCY HOMELESS SHELTER IN SALEM, MA MA 501(C)(3) 170(B)(1)(A)(VI) N/A 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 THE SALEM MISSION INC E 287161 BOOKS AND RECORDS THE SALEM MISSION INC O 3051419 BOOKS AND RECORDS THE SALEM MISSION INC D 1780776 BOOKS AND RECORDS