SOUTH BOSTON NEIGHBORHOOD DEVELOPMENT CORPORATION

EIN: 043023407 501(c)(3) Housing & Shelter

SOUTH BOSTON, MA

Total Revenue
$2,595,468
Total Expenses
$2,139,435
Total Assets
$25,589,027
Net Assets
$14,985,999
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MA
Principal Officer
ROBERT MONAHAN
Phone
6172689610
Tax Period
2023-01-01 to 2023-12-31

SOUTH BOSTON NEIGHBORHOOD DEVELOPMENT CORPORATION, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $2.6M in total revenue in fiscal year 2023. The organization ran a surplus of $456K, a strong 18% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO CREATE, PRESERVE AND MANAGE HOUSING IN SOUTH BOSTON, MASSACHUSETTS.

Program Service Accomplishments

Program 1
Expenses: $1,834,679 Revenue: $2,244,149

MANAGEMENT OF AFFORDABLE HOUSING. THIS INVOLVES REHAB OF UNITS AS WELL AS RENTING AND MAINTAINING AFFORDABLE HOUSING.

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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 $350,242
Program Service Revenue $2,244,149
Investment Income $1,077
Other Revenue $0
TOTAL REVENUE $2,595,468

Expense Breakdown

Grants Paid $0
Salaries & Benefits $694,580
Fundraising Expenses $0
Program Expenses $1,834,679
Other Expenses $1,444,855
TOTAL EXPENSES $2,139,435

Year-over-Year Comparison

2023 2022 Change
Revenue $2,595,468 $2,516,307 +0.0%
Expenses $2,139,435 $2,026,017 +0.1%
Net Income $456,033 $490,290 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
11
Volunteers
16

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
4
$104,000
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNA BROWN EXECUTIVE DIRECTOR 40.00
Officer
$100,000 $4,000 $104,000
ROBERT MONAHAN PRESIDENT 2.00
Officer Director
$0 $0 $0
AMANDA ALBERDA TREASURER 1.00
Officer Director
$0 $0 $0
BURNS STANFIELD CLERK 1.00
Officer Director
$0 $0 $0
MICHAEL FOLEY DIRECTOR (UNTIL 12/23) 0.50
Director
$0 $0 $0
ROBERT KEOUGH DIRECTOR 0.50
Director
$0 $0 $0
EILEEN MACNEIL DIRECTOR 0.50
Director
$0 $0 $0
KAREN O'BRIEN DIRECTOR 0.50
Director
$0 $0 $0
MERCY ROBINSON DIRECTOR 0.50
Director
$0 $0 $0
ROBERT RUBINSTEIN DIRECTOR 0.50
Director
$0 $0 $0
ANTONIO SAEZ DIRECTOR 0.50
Director
$0 $0 $0
CHARLOTTE TUMINELLI DIRECTOR 0.50
Director
$0 $0 $0
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 $2,595,468 $2,139,435 $25,589,027 $456,033
2022 $2,516,307 $2,026,017 $17,585,425 $490,290
2021 $989,515 $1,171,480 $11,891,057 $-181,965
2021 $1,651,474 $1,749,999 $12,021,099 $-98,525
2020 $1,659,197 $1,729,773 $10,723,072 $-70,576
2019 $2,536,144 $1,220,846 $10,851,677 $1,315,298
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