LENA PARK COMMUNITY DEVELOPMENT CO… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

VERONICA WILLIAMS

Phone

6175338133

Tax Period

2023-01-01 to 2023-12-31

LENA PARK COMMUNITY DEVELOPMENT CORPORATION, founded in 1971, is a small nonprofit in the Human Services sector that reported $980K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.5M exceeded revenue, resulting in a 58% operating deficit.

Mission

TO PROVIDE INTEGRATED PROGRAMS AND SERVICES WHICH WILL STRENGTHEN FAMILIES AND BUILD HEALTHY COMMUNITIES FOR THE RESIDENTS OF BOSTON.

Program Service Accomplishments

Program 1

Expenses: $125,840 Revenue: $687,423

AFFORDABLE HOUSING AND COMMUNITY ENGAGEMENT - TO MAINTAIN HOUSING SOLUTIONS FOR DETERIORATING HOUSING SECTORS AND THE DECREASING SUPPLY OF AFFORDABLE HOUSING.THE SUMMER YOUTH PROGRAM AT LENA PARK...

AFFORDABLE HOUSING AND COMMUNITY ENGAGEMENT - TO MAINTAIN HOUSING SOLUTIONS FOR DETERIORATING HOUSING SECTORS AND THE DECREASING SUPPLY OF AFFORDABLE HOUSING.THE SUMMER YOUTH PROGRAM AT LENA PARK SERVED 50-60 TEENS BETWEEN THE AGES OF 13-20. THE EIGHT-WEEK PROGRAM INCLUDED WORKFORCE DEVELOPMENT TRAINING AND WORKSHOPS, RECREATIONAL SPORTS ACTIVITIES, AND BOSTON FIRE DEPT TEEN ACADEMY. THE TEENS PARTICIPATED IN PLANNING AND EXECUTING THE ANNUAL SUMMER PICNIC FOR OUR RESIDENT COMMUNITY. THESE ACTIVITIES GAVE THE TEENS AN OPPORTUNITY TO WORK AND LEARN LIFE SKILLS IN A SAFE AND SUPPORTIVE ENVIRONMENT.TECHNOLOGY CENTER - IS A STATE OF THE ART CLASSROOM WITH 21ST CENTURY TECHNOLOGY. THIS CENTER IS AVAILABLE FOR THE COMMUNITY TO USE TO INCREASE THEIR TECHNOLOGICAL AND WORKPLACE SKILLS. THESE CLASSES GIVE FAMILIES AN OPPORTUNITY TO MOVE FORWARD IN THEIR EDUCATION AND DEVELOP A SKILL SET TO MEET THE MINIMUM TECHNOLOGICAL REQUIREMENTS FOR DAY TO DAY LIVING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $197,651

Program Service Revenue $459,191

Investment Income $95,415

Other Revenue $228,232

TOTAL REVENUE $980,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $375,478

Fundraising Expenses $0

Program Expenses $125,840

Other Expenses $1,169,561

TOTAL EXPENSES $1,545,039

Year-over-Year Comparison

	2023	2022	Change
Revenue	$980,489	$821,541	+0.2%
Expenses	$1,545,039	$1,840,738	-0.2%
Net Income	$-564,550	$-1,019,197	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$154,066

Total Directors

$152,941

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN SIBLEY	FORMER CEO / DIRECTOR	40.00	Officer Director	$116,752	$0	$116,752
GLORIA MOON	TREASURER (UNTIL 10/23)	3.00	Officer Director	$34,239	$0	$34,239
KAREN ALLEN BOWIE	CHAIR (UNTIL 9/23)	3.00	Officer Director	$1,950	$0	$1,950
CARLA SHEFFIELD	TREASURER (AS OF 11/23)	1.00	Officer Director	$0	$0	$0
PATRICIA BRINSON	CLERK	3.00	Officer Director	$0	$0	$0
ALICE CINTRON	DIRECTOR	2.00	Director	$0	$0	$0
GREGORY HILL	DIRECTOR	2.00	Director	$0	$0	$0
OLINKA BRICENO	DIRECTOR	1.00	Director	$0	$0	$0
FELICIA TERUEL	DIRECTOR (UNTIL 11/23)	2.00	Director	$0	$0	$0
MILTON BRAMBLE	DIRECTOR (UNTIL 11/23)	2.00	Director	$0	$0	$0
GREGORY MCELROY	DIRECTOR (UNTIL 11/23)	2.00	Director	$0	$0	$0
STEVEN GODFREY	PRESIDENT (UNTIL 12/23)	2.00	Officer	$1,125	$0	$1,125

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$980,489	$1,545,039	$9,372,479	$-564,550
2022	$821,541	$1,840,738	$9,830,468	$-1,019,197
2021	$2,633,969	$2,301,952	$10,685,767	$332,017
2020	$3,758,367	$2,898,579	$9,879,254	$859,788
2019	$1,103,727	$1,520,871	$5,336,329	$-417,144
2018	$990,584	$1,332,338	$5,459,891	$-341,754

LENA PARK COMMUNITY DEVELOPMENT CORPORATION