BPHC MATTAPAN DEVELOPMENT CORP INC

EIN: 043561068 Housing & Shelter

BOSTON, MA

Total Revenue
$805,974
Total Expenses
$12,322
Total Assets
$28,184,805
Net Assets
$28,184,805
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MA
Principal Officer
TIMOTHY HARRINGTON
Phone
6175389640
Tax Period
2024-07-01 to 2025-06-30

BPHC MATTAPAN DEVELOPMENT CORP INC, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $806K in total revenue in fiscal year 2024. The organization ran a surplus of $794K, a strong 98% operating margin.

Mission

THE ORGANIZATIONS MISSION IS TO PROMOTE SOCIAL WELFARE BY BRINGING ABOUT CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS BY LESSONING THE BURDENS OF GOVERNMENT AND HELPING TO PROVIDE SUSTAINABLE AFFORDABLE LOW-INCOME HOUSING TO RESIDENTS OF THE CITY OF BOSTON, HEREBY RELIEVING THE POOR AND DISTRESSED.

Program Service Accomplishments

Program 1
Expenses: $12,322 Revenue: $805,974

TO PROMOTE CIVIC BETTERMENTS, SOCIAL IMPROVEMENTS BY HELPING TO PROVIDE AFFORDABLE LOW-INCOME HOUSING IN THE CITY OF BOSTON ON THE FORMER BOSTON SPECIALTY REHABILITATION HOSPITAL CAMPUS, WITHOUT...

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TO PROMOTE CIVIC BETTERMENTS, SOCIAL IMPROVEMENTS BY HELPING TO PROVIDE AFFORDABLE LOW-INCOME HOUSING IN THE CITY OF BOSTON ON THE FORMER BOSTON SPECIALTY REHABILITATION HOSPITAL CAMPUS, WITHOUT BURDENING THE GOVERNMENT. FOR PURPOSES OF REHABILITATING SEVERAL HISTORIC ABANDONED BUILDINGS AND BUILDING SEVERAL NEW BUILDING ON THE CAMPUS, CREATING OVER 300 NEW UNITS OF AFFORDABLE HOUSING, THE ORGANIZATION ENTERED INTO SEVERAL GROUND LEASES, ACQUISITION NOTES AND OTHER LOAN INSTRUMENTS WITH SEVERAL, FOR-PROFIT PARTNERSHIPS. THE PROGRAM REVENUE REPORTED FOR THIS YEAR IS THE ACCRUED INTEREST EARNED ON THESE VARIOUS LOANS, MOST OF THESE LOANS ARE DUE UPON MATURITY OR PAYABLE FROM SURPLUS CASH FLOW FROM THE PARTNERSHIPS. IN SOME CASES THE SURPLUS CASH IS PAID AGAINST A LOAN AND THEN USED FOR CAMPUS AREA MAINTENANCE PURSUANT TO AN AGREEMENT WITH THE BOSTON PUBLIC HEALTH COMMISSION AS DISCLOSED ON SCHEDULE R AS A RELATED PARTY, THE CAMPUS ALSO SERVICES SEVERAL OTHER PROGRAMS. IN THIS CASE THE SURPLUS CASH WAS RECEIVED, APPLIED AS AN INTEREST PAYMENT AGAINST ONE OF THE LOANS AND USED FOR CAMPUS AREA MAINTENANCE PURSUANT TO THE AGREEMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $805,974
Investment Income $0
Other Revenue $0
TOTAL REVENUE $805,974

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $12,322
Other Expenses $12,322
TOTAL EXPENSES $12,322

Year-over-Year Comparison

2024 2023 Change
Revenue $805,974 $776,764 +0.0%
Expenses $12,322 $33,647 -0.6%
Net Income $793,652 $743,117 +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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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
3

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY HARRINGTON PRESIDENT/CLERK/DIRECTOR 2.00
Officer Director
$0 $0 $0
BATOOL RAZA TREASURER 2.00
Officer 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
2025 $805,974 $12,322 $28,184,805 $793,652
2024 $776,764 $33,647 $27,391,153 $743,117
2023 $742,165 $32,987 $26,648,036 $709,178
2022 $701,126 $66,058 $25,938,858 $635,068
2021 $675,854 No data $25,303,790 No data
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