advaita - of Advaita Ācārya; nityānandera - of Lord Nityānanda Prabhu; parama - very; priya-tama - dear; śrīvāsa-ādi - beginning with Śrīvāsa; bhakta-gaṇera - of the devotees; haya - is; prāṇa-sama - exactly like the life and soul.

Śrī Svarūpa Dāmodara was very dear to Advaita Ācārya and Nityānanda Prabhu, and he was the life and soul of all the devotees, headed by Śrīvāsa Ṭhākura.