CHELSEA, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE NEIGHBORHOOD DEVELOPERS INC, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $8.3M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year.
THE MISSION OF THE NEIGHBORHOOD DEVELOPERS, INC. (TND) IS TO CREATE STRONG NEIGHBORHOODS ENABLING COMMUNITY MEMBERS TO SECURE A STABLE HOME, ACHIEVE ECONOMIC MOBILITY,AND DETERMINE THEIR OWN FUTURE. TND EMPLOYS FOUR INVESTMENT STRATEGIES TO BUILD STRONG AND JUST NEIGHBORHOODS: REAL ESTATE DEVELOPMENT TO EXPAND AFFORDABLE HOUSING INVENTORY AND BUILD EQUITABLE NEIGHBORHOODS; COMMUNITY BUILDING TO FOSTER LEADERSHIP DEVELOPMENT IN ORGANIZING FOR SELF ADVOCACY; FINANCIAL CAPABILITIES AND WORKFORCE DEVELOPMENT TO INCREASE FAMILY PROSPERITY, DELIVERED IN COLLABORATION WITH OUR CONNECT PARTNERS; AND RESIDENT SERVICES, SO THAT THE RESIDENTS OF TND PROPERTIES SUCCEED AT HOME, SCHOOL, WORK AND IN THE COMMUNITY.
RENTAL PROPERTIES - THE RENTAL PROPERTIES THROUGH 2021, TND OWNED AND MANAGED 611 RESIDENTIAL APARTMENTS THAT PROVIDE AN AFFORDABLE HOME FOR LOW-AND-MODERATE-INCOME INDIVIDUALS AND FAMILIES. A THIRD...
RENTAL PROPERTIES - THE RENTAL PROPERTIES THROUGH 2021, TND OWNED AND MANAGED 611 RESIDENTIAL APARTMENTS THAT PROVIDE AN AFFORDABLE HOME FOR LOW-AND-MODERATE-INCOME INDIVIDUALS AND FAMILIES. A THIRD PARTY VENDOR, WINN RESIDENTIAL, PROVIDES PROPERTY MANAGEMENT SERVICES ON OUR BEHALF AND WORKS CLOSELY WITH TND'S RESIDENT SERVICES AND ASSET MANAGEMENT TEAMS TO ENSURE THAT OUR PROPERTIES PROVIDE RESIDENTS WITH A HIGH-QUALITY AFFORDABLE HOME. TND'S PROPERTIES ALSO INCLUDE EIGHT COMMERCIAL SPACES, PROVIDING AFFORDABLE RENTS FOR CHELSEA BUSINESSES.
CONNECT - THE CONNECT PROGRAM HELPS ADDRESS DISPLACEMENT AMONG LOW-INCOME INDIVIDUALS AND FAMILIES BY STABILIZING THEIR FINANCIAL OUTLOOK AND PROVIDING TOOLS TO HELP THESE HOUSEHOLDS MANAGE, AND GROW...
CONNECT - THE CONNECT PROGRAM HELPS ADDRESS DISPLACEMENT AMONG LOW-INCOME INDIVIDUALS AND FAMILIES BY STABILIZING THEIR FINANCIAL OUTLOOK AND PROVIDING TOOLS TO HELP THESE HOUSEHOLDS MANAGE, AND GROW THEIR INCOME THROUGH FINANCIAL CAPABILITY, WORKFORCE DEVELOPMENT, AND HOUSING AND INCOME STABILIZATION PROGRAMMING. SERVICES TO THE COMMUNITY START WITH A RESOURCE HOTLINE, AND INCLUDE RESOURCES FOR RENTAL AND UTILITIES ASSISTANCE, FINANCIAL COACHING, MASSHEALTH, SNAP, WORKFORCE DEVELOPMENT AND TAX PREPARATION.
REAL ESTATE DEVELOPMENT- THE REAL ESTATE DEVELOPMENT PROGRAM PRODUCES AND PRESERVES AFFORDABLE AND MIXED INCOME MULTI-FAMILY RENTAL PROPERTIES AND HOMES FOR SALE. THE HOMES THAT TND PRODUCES...
REAL ESTATE DEVELOPMENT- THE REAL ESTATE DEVELOPMENT PROGRAM PRODUCES AND PRESERVES AFFORDABLE AND MIXED INCOME MULTI-FAMILY RENTAL PROPERTIES AND HOMES FOR SALE. THE HOMES THAT TND PRODUCES PRIMARILY BENEFIT LOW-INCOME HOUSEHOLDS EARNING 60% OR LESS OF THE AREA MEDIAN INCOME. TND HAS A GOAL TO BUILD OR PRESERVE 325 HOMES BETWEEN 2020-2024. THROUGH 2023, TND HAS PRODUCED 231 HOMES AND HAS 128 MORE HOMES IN DEVELOPMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $8,309,577 | $9,918,440 | -0.2% |
| Expenses | $8,665,749 | $9,032,159 | 0.0% |
| Net Income | $-356,172 | $886,281 | -1.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ALICE MURILLO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PETER HOLLANDS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KRISTEN JANJAR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLENE BAUER | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAKEYA CHRISTMAS | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| FAYE DOOKHARAN | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MINA JLIL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GUADALUPE PANAMENO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SANDY MAYNARD | CLERK | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ORLANDO JAQUEZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RAFAEL MARES | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$189,154 | $36,276 | $225,430 |
| STEVEN LAFERRIERE | DIRECTOR OF RE DEVELOPMENT | 40.00 |
Highest
|
$139,654 | $30,786 | $170,440 |
| CASSANDRA JEAN WITTHAUS | SENIOR PROJECT MANAGER | 40.00 |
Highest
|
$104,615 | $19,102 | $123,717 |
| ZIXIAO YIN | SENIOR PROJECT MANAGER | 40.00 |
Highest
|
$113,846 | $12,228 | $126,074 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $8,309,577 | $8,665,749 | $34,897,155 | $-356,172 |
| 2023 | $8,309,577 | $8,665,749 | $34,897,155 | $-356,172 |
| 2022 | $9,918,440 | $9,032,159 | $36,512,492 | $886,281 |
| 2021 | $7,961,454 | $7,248,881 | $68,146,151 | $712,573 |
| 2020 | $6,003,796 | $5,855,525 | $37,483,372 | $148,271 |
| 2019 | $4,435,186 | $3,940,528 | $32,389,174 | $494,658 |
| 2018 | $3,961,374 | $3,989,274 | $17,739,078 | $-27,900 |
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