Case Study

Lynn Economic Opportunity

Lynn Economic Opportunity

Pages 2 Pages

Lynn Economic Opportunity Success Story This Community Action Agency Seized the AccuFund Opportunity LYNN ECONOMIC OPPORTUNITY, INC. , LYNN, MASSACHUSETTS—Lynn Economic Opportunity, Inc., (LEO) a nonprofit with $7 million in revenues and 120 employees, has been providing services to the Lynn, Massachusetts community for 35 years. LEO’s services include housing assistance services, Head Start day care, after school day care, family advocacy, emergency assistance, the fuel assistance program, daycare, and temporary housing assistance. A Mis-Matched Accounting Product Made Mountains Out of Molehills The accounting department is comprised of a manager and five staff to handle all financial reporting, payables, receivables and payroll functions. In July 2002 a new Fiscal Director faced a commer

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