FENWAY COMMUNITY DEVELOPMENT CORPORATION (EIN 042666507) - Form 990 Financial Analysis & Trantor Score

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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

1973

Legal Domicile

Principal Officer

STEVEN FARRELL

Phone

6172674637

Tax Period

2024-01-01 to 2024-12-31

FENWAY COMMUNITY DEVELOPMENT CORPORATION, founded in 1973, is a community nonprofit in the Housing & Shelter sector that reported $9.8M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 26% operating margin.

Mission

FENWAY CDC IMPROVED THE ECONOMIC AND SOCIAL WELL-BEING OF LOW-INCOME AND MODERATE-INCOME RESIDENTS. WE HELPED THEM ACCESS AFFORDABLE HOUSING, SOCIAL SERVICES, EDUCATION, JOB SKILLS TRAINING, EMPLOYMENT, FINANCIAL COACHING, FRESH HEALTHY FOOD, HEALTH & WELLNESS PROGRAMS, AND COMMUNITY EVENTS. FENWAY CDC CONTINUED TO PROVIDE CRITICAL SERVICES TO HELP COMMUNITY RESIDENTS BUILD STRONGER PATHWAYS TO ECONOMIC SECURITY. THROUGH CIVIC ENGAGEMENT AND PARTNERSHIPS, WE CONTINUED TO PRESERVE AND CREATE AFFORDABLE HOUSING, PREVENT EVICTION AND HOMELESSNESS, AND ADVOCATE FOR IMPROVEMENTS IN THE CITY'S HOUSING POLICY TO ENSURE AFFORDABILITY CITYWIDE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,049,689

Program Service Revenue $6,836,305

Investment Income $855,624

Other Revenue $50,637

TOTAL REVENUE $9,792,255

Expense Breakdown

Grants Paid $21,417

Salaries & Benefits $2,094,473

Fundraising Expenses $400,351

Program Expenses $6,463,714

Other Expenses $5,110,724

TOTAL EXPENSES $7,226,614

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,792,255	$7,575,165	+0.3%
Expenses	$7,226,614	$8,029,208	-0.1%
Net Income	$2,565,641	$-454,043	-6.7%

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

$259,001

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIKKI FLIONIS	PRESIDENT/BOARD MEMBER (UNTIL 4/24)	0.50	Officer Director	$0	$0	$0
SARAH JENNESS	VP(TIL 4/24)/PRES/BOARD MEMBER	2.00	Officer Director	$0	$0	$0
DOLORES BOOGDANIAN	VP (AS OF 5/24)/ BOARD MEMBER	1.00	Officer Director	$0	$0	$0
TIMOTHY COAKLEY	TREASURER/BOARD MEMBER	2.00	Officer Director	$0	$0	$0
JAMES SMITH	CLERK ( AS OF 5/24)/ BOARD MEMBER	1.00	Officer Director	$0	$0	$0
SHENEAL PARKER	CLERK/BOARD MEMBER (UNTIL 4/24)	0.25	Officer Director	$0	$0	$0
ROSARIA SALERNO	BOARD MEMBER	1.00	Director	$0	$0	$0
AMELIA HILL	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC DANIEL	BOARD MEMBER (AS OF 4/24)	1.00	Director	$0	$0	$0
ROBERT PARKER-MASON	BOARD MEMBER (AS OF 4/24)	1.00	Director	$0	$0	$0
MARY ELIZABETH PETERS	BOARD MEMBER (AS OF 4/24)	1.00	Director	$0	$0	$0
MARTIN WARD	BOARD MEMBER (AS OF 4/24)	1.00	Director	$0	$0	$0
MARK WINKELLER	BOARD MEMBER (AS OF 6/24)	1.00	Director	$0	$0	$0
CATHY VAN BUI	BOARD MEMBER (AS OF 4/24)	1.00	Director	$0	$0	$0
TADESSE ZERIHUN	BOARD MEMBER (AS OF 4/24)	1.00	Director	$0	$0	$0
GREGORY PAULSON HAIG	BOARD MEMBER (UNTIL 4/24)	0.50	Director	$0	$0	$0
MATTHEW WILDMAN	BOARD MEMBER (UNTIL 4/24)	1.00	Director	$0	$0	$0
RYAN BOXILL	BOARD MEMBER (UNTIL 12/24)	1.00	Director	$0	$0	$0
BRIAN CLAGUE	BOARD MEMBER (UNTIL 12/24)	1.00	Director	$0	$0	$0
NILDA HUGHES	BOARD MEMBER (UNTIL 4/2024)	0.00	Director	$0	$0	$0
STEVEN FARRELL	EXECUTIVE DIRECTOR (AS OF 3/24)	39.80	Officer	$138,877	$19,498	$158,375
LEAH CAMHI	EXECUTIVE DIRECTOR (UNTIL 4/24)	40.00	Officer	$95,566	$5,060	$100,626
SUNEETH JOHN	DEPUTY DIR. & HEAD OF REAL ESTATE	39.60	Highest	$213,949	$9,462	$223,411
LIAN KIM TAN-HARD	DIRECTOR OF DEVT. & MKTG.	40.00	Highest	$104,884	$14,920	$119,804

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	$9,792,255	$7,226,614	$67,251,784	$2,565,641
2023	$7,575,165	$8,029,208	$72,353,971	$-454,043
2022	$5,660,025	$5,857,286	$50,666,200	$-197,261
2021	$3,370,772	$2,257,638	$34,067,808	$1,113,134
2020	$4,341,303	$3,301,718	$30,492,429	$1,039,585
2019	$3,064,779	$4,303,187	$45,105,307	$-1,238,408
2018	$3,196,905	$2,044,678	$16,026,310	$1,152,227

FENWAY COMMUNITY DEVELOPMENT CORPORATION