SOUTHWEST BOSTON COMMUNITY DEVELOPMENT CORPORATION AND AFFILIATES

EIN: 043562853 501(c)(3) Community Improvement

HYDE PARK, MA

Total Revenue
$1,941,688
Total Expenses
$2,500,319
Total Assets
$21,744,540
Net Assets
$-1,403,277
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MA
Principal Officer
MARY CELESTE BROWN
Phone
6173647300
Tax Period
2023-01-01 to 2023-12-31

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.

Mission

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.

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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 $271,683
Program Service Revenue $1,669,548
Investment Income $0
Other Revenue $457
TOTAL REVENUE $1,941,688

Expense Breakdown

Grants Paid $0
Salaries & Benefits $185,482
Fundraising Expenses $52,412
Program Expenses $2,309,879
Other Expenses $2,314,837
TOTAL EXPENSES $2,500,319

Year-over-Year Comparison

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%
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
15
Independent Members
15
Employees
9
Volunteers
15

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
$40,440
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
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
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
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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