HYDE PARK, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOUTHWEST BOSTON COMMUNITY DEVELOPMENT CORPORATION AND AFFILIATES, founded in 2001, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $2.5M exceeded revenue, resulting in a 29% operating deficit.
THE SOUTHWEST BOSTON COMMUNITY DEVELOPMENT CORPORATION IS LED BY PRINCIPLES OF RACIAL EQUITY AND INCLUSION, TO ALLEVIATE SOCIAL AND ECONOMIC DISPARITIES THAT IMPACT PEOPLE'S QUALITY OF LIFE AND FUTURE OPPORTUNITIES. IT SHALL BE LED BY AND FOR RESIDENTS OF THE HYDE PARK, ROSLINDALE, MATTAPAN, DORCHESTER AND WEST ROXBURY. WE WILL DEVELOP AND PRESERVE HOUSING FOR LOW AND MODERATE-INCOME PEOPLE; PREVENT DISPLACEMENT OF NEIGHBORHOOD RESIDENTS, PARTICULARLY ELDERS AND THOSE OF LIMITED MEANS; AND STRENGTHEN THE COMMERCIAL BASE OF THE NEIGHBORHOOD. WE WILL WORK TO CREATE VIBRANT, STABLE AND HEALTHY NEIGHBORHOODS, THROUGH COMMUNITY ORGANIZING AND PROGRAMS FOCUSED ON HOUSING AND ECONOMIC DEVELOPMENT, ENVIRONMENTAL JUSTICE, AND RESIDENTIAL HEALTH AND THE ARTS THAT BRING LONG-TIME RESIDENTS AND NEWCOMERS OF ALL AGES AND DIVERSE BACKGROUNDS TOGETHER.
REAL ESTATE DEVELOPMENTSWBCDC DEVELOPS AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME FAMILIES IN THE BOSTON NEIGHBORHOODS OF HYDE PARK AND ROSLINDALE, IN ORDER TO HELP SUSTAIN AND PRESERVE...
REAL ESTATE DEVELOPMENTSWBCDC DEVELOPS AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME FAMILIES IN THE BOSTON NEIGHBORHOODS OF HYDE PARK AND ROSLINDALE, IN ORDER TO HELP SUSTAIN AND PRESERVE NEIGHBORHOODS AND ADDRESS THE ONGOING HOUSING CRISIS IN BOSTON. THE ORGANIZATION HAS A PORTFOLIO OF 95 AFFORDABLE UNITS ACROSS BOTH NEIGHBORHOODS. THE CDC OWNS 8 TOWNHOMES IN ROSLINDALE THAT WERE ACQUIRED AND PRESERVED AS AFFORDABLE IN 2016 THROUGH THE CITY OF BOSTON DND ACQUISITION AND OPPORTUNITY PROGRAM. IN 2018 THE CDC COMPLETED CONSTRUCTION ON 27-UNITS OF CO-DEVELOPED TRANSIT ORIENTED APARTMENTS ON FAIRMOUNT AVE IN HYDE PARK. IN 2019-2020, THE CDC ACQUIRED 4 PROPERTIES IN HYDE PARK, TOTALLING 34 MORE UNITS OF LOW TO MODERATE INCOME HOUSING. IN 2022, THE CDC ACQUIRED 3 MORE PROPERTIES IN HYDE PARK AND ROSLINDALE, TOTALING A FURTHER 21 UNTS. SIX OF THESE UNITS ARE LEASED TO FAMILYAID FOR USE AS TRANSITIONAL HOUSING FOR PREVIOUSLY UNHOUSED FAMILIES. THE CDC HAS AGGRESSIVELY GROWN ITS REAL ESTATE.THE CDC IS CURRENTLY IN THE PRE-DEVELOPMENT PHASE OF A REFINANCING PROJECT FOR 8 OF OUR 9 PROPERTIES. THIS REFINANCING WILL PROTECT THE AFFORDABILITY OF THESE PROPERTIES, PAY FOR UPDATING OF THE BUILDINGS AND DECREASE THE CARBON USE IN THEIR SYSTEMS THROUGH LONGER-TERM, LOW-COST FINANCING.
ENVIRONMENTAL STEWARDSHIP AND YOUTH EMPLOYMENTSWBCDC RUNS THE HYDE PARK GREEN TEAM. THROUGH THIS PROGRAM, THE ORGANIZATION HIRES BETWEEN 16 AND 25 YOUTH, AGES 14 - 23 TO PRESERVE AND RESTORE...
ENVIRONMENTAL STEWARDSHIP AND YOUTH EMPLOYMENTSWBCDC RUNS THE HYDE PARK GREEN TEAM. THROUGH THIS PROGRAM, THE ORGANIZATION HIRES BETWEEN 16 AND 25 YOUTH, AGES 14 - 23 TO PRESERVE AND RESTORE CITY-OWNED URBAN WILD SITES IN HYDE PARK. THIS PROGRAM IS CONDUCTED IN PARTNERSHIP WITH THE BOSTON PARKS DEPARTMENT, WHICH RELIES ON THE GREEN TEAM TO SUPPORT ITS GOALS FOR ITS NATURAL SITES IN HYDE PARK AND THE BOSTON DEPARTMENT OF YOUTH EMPLOYMENT AND ENGAGEMENT. THE PROGRAM ALSO INCLUDES TRAINING ON JOB READINESS, LEADERSHIP SKILLS, COMMUNITY OUTREACH, FINANCIAL LITERACY AND URBAN AGRICULTURE,LANDSCAPING, ENVIRONMENTAL STEWARDSHIP, WOODS SAFETY, AND JOBS IN THE ENVIRONMENTAL FIELD. THE PROGRAM RUNS EACH SUMMER.
GREEN INITIATIVE - COMMUNITY ORGANIZINGWE ARE WORKING IN PART WITH THE FAIRMOUNT INDIGO CDC COLLABORATIVE TO ENGAGE AND EDUCATE COMMUNITY MEMBERS ABOUT THE THREATS OF CLIMATE CHANGE AND PREPARING...
GREEN INITIATIVE - COMMUNITY ORGANIZINGWE ARE WORKING IN PART WITH THE FAIRMOUNT INDIGO CDC COLLABORATIVE TO ENGAGE AND EDUCATE COMMUNITY MEMBERS ABOUT THE THREATS OF CLIMATE CHANGE AND PREPARING MITIGATION STRATEGIES. OUR THREE YEAR IMPLEMENTATION PLAN IS FOCUSED ON IMPROVING ACCESS TO ENVIRONMENTALLYSUSTAINABLE AFFORDABLE HOUSING, GREEN JOBS AND GREEN INFRASTRUCTURE. CREATING URBAN TREE COVER AND GREEN SPACE WILL EMBED IN OUR NEIGHBORHOODS PROTECTIONS AGAINST NEGATIVE CLIMATE IMPACTS IN OUR NEIGHBORHOOD. WE ARE WORKING ON CHANGES IN STATE AND CITY POLICY THATWILL IMPROVE AND CREATE HEALTHIER COMMUNITIES. THE CDC ALSO WORKS ON PRESERVING AND PROTECTING GREEN SPACES. WE CONTINUE TO WORK WITH COMMUNITY MEMBERS, LOCAL GOVERNMENT, OTHER ORGANIZATIONS AND THE SOLOMON FOUNDATION ON A PATH ALONG THE NEPONSET RIVERBANK, AND ARE ACTIVE ON THE EPA'S COMMUNITY ADVISORY GROUP FOR THEIR SUPERFUND CLEAN-UP ALONG THE NEPONSET RIVER IN HYDE PARK.
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 | $1,941,688 | $1,602,991 | +0.2% |
| Expenses | $2,500,319 | $2,304,488 | +0.1% |
| Net Income | $-558,631 | $-701,497 | -0.2% |
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 |
|---|---|---|---|---|---|---|
| ELLEN CARACCIOLO | PRESIDENT AND TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DIANA KELLY | VICE PRESIDENT | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| SARAH LAMITIE | CLERK | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| MIMI TURCHINETZ | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SHARON HINTON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BOB VANCE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ALIX CANTAVE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JANEAN MUHAMMAD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH COLUMBO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| EMYR REMY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH OKAFOR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JAY PAGET | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ADRIANA CILLO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| AMENATA BOTU | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RAYSA ORTIZ | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JEANNE DUBOIS | EXECUTIVE DIRECTOR | 30.00 |
Officer
|
$40,440 | $0 | $40,440 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,941,688 | $2,500,319 | $21,744,540 | $-558,631 |
| 2022 | $1,602,991 | $2,304,488 | $21,987,853 | $-701,497 |
| 2021 | $1,363,909 | $1,612,181 | $15,349,545 | $-248,272 |
| 2020 | $603,255 | $651,260 | $5,970,451 | $-48,005 |
| 2019 | $530,837 | $526,233 | $2,372,523 | $4,604 |
| 2018 | $658,713 | $636,533 | $2,339,174 | $22,180 |
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