ROXBURY, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NUESTRA COMUNIDAD DEVELOPMENT CORP, founded in 1981, is a community nonprofit in the Community Improvement sector that reported $5.3M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $6.4M exceeded revenue, resulting in a 22% operating deficit.
NUESTRA COMUNIDAD IS DEVOTED TO BUILDING THE WEALTH AND ENHANCING THE PHYSICAL, ECONOMIC, AND SOCIAL WELL-BEING OF ROXBURY AND OTHER UNDERSERVED POPULATIONS IN GREATER BOSTON THROUGH A COMMUNITY-DRIVEN PROCESS THAT PROMOTES SELF-SUFFICIENCY AND NEIGHBORHOOD WELL-BEING OF ROXBURY AND OTHER UNDERSERVED POPULATIONS IN GREATER BOSTON THROUGH A COMMUNITY-DRIVEN PROCESS THAT PROMOTES SELF-SUFFICIENCY AND NEIGHBORHOOD REVITALIZATION.A NON-PROFIT SMALL BUSINESS, NUESTRA IS ONE OF BOSTON'S OLDEST AND MOST SUCCESSFUL COMMUNITY DEVELOPMENT CORPORATIONS. SINCE 1981, NUESTRA HAS BEEN A CATALYST IN THE REDEVELOPMENT OF THE DUDLEY SQUARE, ROXBURY, AND NORTH DORCHESTER NEIGHBORHOODS. LED BY A COMMUNITY-BASED BOARD, NUESTRA IS IN THE BUSINESS OF CREATING COMMUNITIES OF OPPORTUNITY AND EQUITY FOR RESIDENTS AND BUSINESSES, WHERE THEY CAN HAVE A STABLE HOME, INCREASE THEIR INCOME, IMPROVE NEIGHBORHOOD HEALTH AND GAIN WEALTH.
REAL ESTATE DEVELOPMENT LINE OF BUSINESS:THE REAL ESTATE DEVELOPMENT PROGRAM ADDS TO OR PRESERVES THE INVENTORY OF AFFORDABLE HOUSING IN BOSTON'S UNDESERVED NEIGHBORHOODS OF ROXBURY, DORCHESTER AND...
REAL ESTATE DEVELOPMENT LINE OF BUSINESS:THE REAL ESTATE DEVELOPMENT PROGRAM ADDS TO OR PRESERVES THE INVENTORY OF AFFORDABLE HOUSING IN BOSTON'S UNDESERVED NEIGHBORHOODS OF ROXBURY, DORCHESTER AND MATTAPAN EITHER BY DEVELOPING NEW PROPERTIES OR BY REHABILITATING EXISTING PROPERTIES. OFTEN THESE ARE MIXED-USE PROPERTIES WHERE THE AGENCY ALSO ADDS OR PRESERVES RETAIL AND OTHERCOMMERCIAL SPACE TO ENHANCE THE VITALITY OF THE NEIGHBORHOODS SERVED.IN ADDITION, PROJECTS OFFERING RETAIL OR COMMERCIAL SPACE AREOCCASIONALLY UNDERTAKEN. THE AGENCY PROVIDES OPPORTUNITIES FORRESIDENTS TO ACQUIRE ASSETS AND BUILD EQUITY BY DEVELOPINGHOMEOWNERSHIP HOUSING. IN ADDITION, THE AGENCY PLANS TO DEVELOP SOME MARKET-RATE HOUSING AS A COMMUNITY DESIRED COMPLEMENT TO THE NEIGHBORHOODS' AFFORDABLE HOUSING. THE AGENCY'S THEORY OF CHANGE IS PROVIDING STABLE, AFFORDABLE, HIGH QUALITY RENTAL HOUSING, WHICHCREATES A PLATFORM FOR LONG-TERM SUCCESS, INCLUDING IMPROVED EDUCATIONAL AND ECONOMIC OUTCOMES.
ASSET MANAGEMENT AND RESIDENT SERVICES LINES OF BUSINESS: THE ASSET MANAGEMENT PROGRAM CREATES ACTION PLANS TAILORED FOR EACH RENTAL PROPERTY DETAILING THE KEY CHALLENGES FACING THE PROPERTY AND THE...
ASSET MANAGEMENT AND RESIDENT SERVICES LINES OF BUSINESS: THE ASSET MANAGEMENT PROGRAM CREATES ACTION PLANS TAILORED FOR EACH RENTAL PROPERTY DETAILING THE KEY CHALLENGES FACING THE PROPERTY AND THE STRATEGY FOR ADDRESSING THESE CHALLENGES. IN RECENT YEARS, THE AGENCY HAS REFINANCED FIRST MORTGAGES TO TAKE ADVANTAGE OF LOWER INTEREST RATES RESULTING IN INCREASED CASH FLOW AND FREEING UP RESOURCES FOR NEEDED REPAIRS AND ESSENTIAL RESIDENT SERVICES. THE AGENCY SEEKS OUT CAPITAL FUNDS FOR NEEDED REPAIRS AND RAISES FUNDS FROM EACH PROPERTY'S RESERVES AND CASH FLOW FOR THESE REPAIRS. DURING THE YEAR ENDED DECEMBER 31, 2024, ASSET MANAGEMENT ACTIVITY ACCOUNTED FOR APPROXIMATELY 1% OF TOTAL PROGRAM EXPENDITURES.THE RESIDENT SERVICES PROGRAM FOCUSES ON THE RESIDENTS, BOTH LIVING IN THE AGENCY'S PROPERTIES AND THE SURROUNDING UNDERSERVED NEIGHBORHOODS BY PROVIDING COMMUNITY BUILDING SERVICES THAT HELP RESIDENTS IMPROVE THE QUALITY OF LIFE FOR THEIR HOUSEHOLDS AND THEIR NEIGHBORHOODS AND SIMULTANEOUSLY DEVELOP NEIGHBORHOOD RESIDENTS' CAPACITY TO LEAD COMMUNITY DEVELOPMENT. OUTCOMES INCLUDE EMPOWERING RESIDENTS TO HAVE PRIDE IN THEIR COMMUNITY, AND THAT SUSTAINABLE BUSINESSES MEET THE NEEDS OF COMMUNITY RESIDENTS AND ATTRACT OTHER BUSINESSES.
COMMUNITY ENGAGEMENT AND HOUSING LINES OF BUSINESS: THE COMMUNITY BUILDING PROGRAM PROVIDES COUNSELING TO HOMEOWNERS AND PROSPECTIVE HOMEOWNERS IN PARTICULAR, AND ALSO, MORE GENERALLY, TO UNDERSERVED...
COMMUNITY ENGAGEMENT AND HOUSING LINES OF BUSINESS: THE COMMUNITY BUILDING PROGRAM PROVIDES COUNSELING TO HOMEOWNERS AND PROSPECTIVE HOMEOWNERS IN PARTICULAR, AND ALSO, MORE GENERALLY, TO UNDERSERVED POPULATIONS WHO WISH TO LEARN AND AUGMENT THEIR FINANCIAL SKILLS AND KNOWLEDGE TO ACHIEVE IDENTIFIED GOALS. THESE PROGRAMS INCLUDE FIRST-TIME HOMEBUYER EDUCATION AND COUNSELING, HOME EQUITY CONVERSION MORTGAGE OR REVERSE MORTGAGE COUNSELING, FORECLOSURE PREVENTION COUNSELING, AND FINANCIAL EDUCATION AND COUNSELING. IN ADDITION, IT FOSTERS COMMUNITY LEADERSHIP AND SUPPORTS COMMUNITY MEMBERS TO HAVE A DECISIVE VOICE IN SHAPING THE FUTURE OF OUR COMMUNITIES.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $5,255,719 | $4,462,822 | +0.2% |
| Expenses | $6,389,795 | $6,734,851 | -0.1% |
| Net Income | $-1,134,076 | $-2,272,029 | -0.5% |
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 |
|---|---|---|---|---|---|---|
| ALFONSO SIRA | BOARD CLERK | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHARISSA REED | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DONNA M CRAMER | BOARD PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAEAN CALIXTE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOEL SKLAR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH PANCHAMSINGH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KELVIN JUARBE | BOARD TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARIA LATIMORE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| REV FRANCISCO A TOLENTINO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT POLLACK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM ELSBREE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| EVELYN FRIEDMAN | INTERIM EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$40,385 | $5,247 | $45,632 |
| N PAUL TONTHAT | FORMER EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$148,168 | $15,363 | $163,531 |
| DIANE CLARK | DIRECTOR OF RE | 40.00 |
Highest
|
$155,115 | $26,355 | $181,470 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2024 | $5,255,719 | $6,389,795 | $30,559,988 | $-1,134,076 |
| 2023 | $4,462,822 | $6,734,851 | $35,243,642 | $-2,272,029 |
| 2022 | $5,093,132 | $6,139,554 | $35,773,886 | $-1,046,422 |
| 2021 | $3,915,933 | $4,493,663 | $30,619,718 | $-577,730 |
| 2020 | $3,443,901 | $5,253,286 | $37,393,620 | $-1,809,385 |
| 2019 | $4,049,036 | $6,097,626 | $32,049,014 | $-2,048,590 |
| 2018 | $4,541,231 | $5,044,719 | $34,419,250 | $-503,488 |
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