NEWTON COMMUNITY DEVELOPMENT FOUNDATION II INC

EIN: 042646739 501(c)(3) Housing & Shelter

NEWTON, MA

Total Revenue
$1,474,788
Total Expenses
$1,154,772
Total Assets
$3,258,208
Net Assets
$-4,355,813
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
MA
Principal Officer
JUDITH WEBER
Phone
6172444035
Tax Period
2023-01-01 to 2023-12-31

NEWTON COMMUNITY DEVELOPMENT FOUNDATION II INC, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $320K, a strong 22% operating margin.

Mission

PROVIDES AFFORDABLE HOUSING TO THE ELDERLY

Program Service Accomplishments

Program 1
Expenses: $1,067,028 Revenue: $222,964

THE PURPOSE OF THE ORGANIZATION IS LIMITED TO OWNING, DEVELOPING, LEASING, MANAGING, FINANCING, CONSTRUCTION, IMPROVING AND SALE OF PROPERTY AT 195 SUMNER STREET NEWTON, MA. THE ORGANIZATION WILL...

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THE PURPOSE OF THE ORGANIZATION IS LIMITED TO OWNING, DEVELOPING, LEASING, MANAGING, FINANCING, CONSTRUCTION, IMPROVING AND SALE OF PROPERTY AT 195 SUMNER STREET NEWTON, MA. THE ORGANIZATION WILL DISTRIBUTE ANY REFINANCING OF EQUITY AND SURPLUS CASH AS DETERMINED BY THE DIRECTORS TO NEWTON COMMUNITY DEVELOPMENT FOUNDATION, INC. AN AFFILIATED 501(C)(3).

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,202,127
Program Service Revenue $221,363
Investment Income $13,256
Other Revenue $38,042
TOTAL REVENUE $1,474,788

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,067,028
Other Expenses $1,154,772
TOTAL EXPENSES $1,154,772

Year-over-Year Comparison

2023 2022 Change
Revenue $1,474,788 $1,388,803 +0.1%
Expenses $1,154,772 $1,183,702 0.0%
Net Income $320,016 $205,101 +0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
20

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
6
$209,302
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT ENGLER PRESIDENT (UNTIL 9/23) 0.40
Officer Director
$0 $0 $0
JUDITH WEBER VP (UNT 9/23)/PRES (AS OF 9/23) 0.40
Officer Director
$0 $0 $0
DAVID KOVEN DIRECTOR/VP (AS OF 9/23) 0.40
Officer Director
$0 $0 $0
BRIAN GALLAGHER SECRETARY 0.40
Officer Director
$0 $0 $0
TIMOTHY DACEY TREASURER 0.40
Officer Director
$0 $0 $0
ZAK ATTENBOROUGH DIRECTOR 0.20
Director
$0 $0 $0
CHRISTINE DILLON DIRECTOR 0.20
Director
$0 $0 $0
MAXWELL EBB DIRECTOR 0.20
Director
$0 $0 $0
WINNIE EBB DIRECTOR 0.20
Director
$0 $0 $0
GAYE FREED DIRECTOR 0.20
Director
$0 $0 $0
SANDRA KELLY DIRECTOR (UNTIL 9/23) 0.20
Director
$0 $0 $0
LISA MENELLY DIRECTOR 0.20
Director
$0 $0 $0
FRANK NEAL DIRECTOR 0.20
Director
$0 $0 $0
GENA NEVO DIRECTOR 0.20
Director
$0 $0 $0
SUSAN PALEY DIRECTOR 0.20
Director
$0 $0 $0
ANNE PRIESTLEY DIRECTOR (UNTIL 9/23) 0.20
Director
$0 $0 $0
LIZ SEELEY DIRECTOR 0.20
Director
$0 $0 $0
CAREN SILVERLIEB DIRECTOR 0.20
Director
$0 $0 $0
JUDITH SPAR DIRECTOR 0.20
Director
$0 $0 $0
ANNE TRIBUSH DIRECTOR 0.20
Director
$0 $0 $0
JEANNE STRICKLAND EXECUTIVE DIRECTOR 0.40
Officer
$0 $25,625 $209,302
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 $1,474,788 $1,154,772 $3,258,208 $320,016
2022 $1,388,803 $1,183,702 $3,073,598 $205,101
2021 $1,369,232 $2,130,477 $3,012,351 $-761,245
2020 $1,313,629 $5,590,389 $3,933,973 $-4,276,760
2019 $1,256,380 $1,010,466 $2,325,197 $245,914
2018 $1,225,410 $1,053,517 $2,167,878 $171,893
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