Fund for Boston Neighborhoods Inc

EIN: 046185609 501(c)(3) Human Services

Boston, MA

Total Revenue
$1,145,114
Total Expenses
$660,187
Total Assets
$1,597,552
Net Assets
$1,243,474
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
MA
Principal Officer
SEGUN IDOWU
Phone
6176353606
Tax Period
2023-07-01 to 2024-06-30

Fund for Boston Neighborhoods Inc, founded in 1968, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 5607% from the prior year, signaling strong growth momentum. The organization ran a surplus of $485K, a strong 42% operating margin.

Mission

THE FUND FOR BOSTON NEIGHBORHOODS, INC. (FBNI) IS COMMITTED TO SUPPORTING CIVIC LIFE IN THE CITY OF BOSTON THROUGH PUBLIC PROGRAMMING FOR THE BENEFIT AND ENJOYMENT OF RESIDENTS AND VISITORS. FBNI WORKS WITH THE MAYOR'S OFFICE OF TOURISM, SPORTS, AND ENTERTAINMENT TO FOSTER THE GROWTH OF THE CULTURAL COMMUNITY, PROMOTE PUBLIC PARTICIPATION IN THE ARTS AND PUBLIC CELEBRATIONS AND ADVANCE CULTURAL TOURISM IN BOSTON.

Program Service Accomplishments

Program 1
Expenses: $652,648 Revenue: $0

THE FUND FOR BOSTON NEIGHBORHOODS, INC. IS COMMITTED TO SUPPORTING THE CIVIC LIFE IN THE CITY OF BOSTON THROUGH PUBLIC PROGRAMMING FOR THE BENEFIT AND ENJOYMENT OF RESIDENTS AND VISITORS. THIS FISCAL...

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THE FUND FOR BOSTON NEIGHBORHOODS, INC. IS COMMITTED TO SUPPORTING THE CIVIC LIFE IN THE CITY OF BOSTON THROUGH PUBLIC PROGRAMMING FOR THE BENEFIT AND ENJOYMENT OF RESIDENTS AND VISITORS. THIS FISCAL YEAR THERE WERE FOUR EVENTS. THE EVENTS INCLUDED A TROLLEY TOUR, CELTICS ROLLING RALLY, GOSPELFEST, AND OPEN STREETS. -THE TROLLEY TOUR IS DURING THE HOLIDAYS, WHERE MAYOR WU SPENDS THREE DAYS TRAVELING TO EACH NEIGHBORHOOD IN THE CITY ALONG WITH SANTA AND HIS ELVES. THE MAYOR LIGHTS THE CHRISTMAS TREE AND TOYS ARE HANDED OUT TO 2,500 CHILDREN ALONG THE ROUTE. -THE CELTICS ROLLING RALLY WAS IN CELEBRATION OF THE CELTIC'S 2024 NBA CHAMPIONSHIP WITH A ROLLING RALLY PARADE. -GOSPELFEST IS A CELEBRATION OF MUSIC AND COMMUNITY FEATURING INTERNATIONALLY RECOGNIZED ARTISTS. -OPEN STREETS IS A FAMILY FRIENDLY, PEDESTRIAN FOCUSED EVENT THAT TRANSFORM CITY STREETS INTO VIBRANT CAR-FREE BOULEVARDS.

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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 $1,142,000
Program Service Revenue $0
Investment Income $3,114
Other Revenue $0
TOTAL REVENUE $1,145,114

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $652,648
Other Expenses $660,187
TOTAL EXPENSES $660,187

Year-over-Year Comparison

2023 2022 Change
Revenue $1,145,114 $20,066 +56.1%
Expenses $660,187 $70,760 +8.3%
Net Income $484,927 $-50,694 -10.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
7

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
5
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SEGUN IDOWU PRESIDENT 10.0
Officer Director
$0 $0 $0
ANABELA GOMES VICE PRESIDENT 2.0
Officer Director
$0 $0 $0
JULIE BURNS TREASURER 2.0
Officer Director
$0 $0 $0
ALEXIS TKACHUK SECRETARY 2.0
Officer Director
$0 $0 $0
KEN RYAN DIRECTOR 2.0
Director
$0 $0 $0
WILLIE E HICKS DIRECTOR 2.0
Director
$0 $0 $0
AMY YANDLE CONTROLLER 4.0
Officer
$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 No data No data No data No data
2024 $1,145,114 $660,187 $1,597,552 $484,927
2023 $20,066 $70,760 $743,548 $-50,694
2022 $77,610 $128,031 $794,418 $-50,421
2021 $54,460 $108,312 $848,123 $-53,852
2020 $456,019 $480,753 $904,475 $-24,734
2019 $1,683,635 $1,270,259 $939,209 $413,376
2018 $479,841 $408,680 $514,804 $71,161
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