BOTH DEVELOPMENT INC (EIN 222541744) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

RICHARD GIORDANO

Phone

6172774785

Tax Period

2023-10-01 to 2024-09-30

BOTH DEVELOPMENT INC, founded in 1984, is a small nonprofit in the Housing & Shelter sector that reported $160K in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $112K, a strong 70% operating margin.

Mission

TO PROVIDE LOW-INCOME HOUSING IN THE MISSION HILL SECTION OF BOSTON,MASSACHUSETTS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $115,000

Program Service Revenue $44,906

Investment Income $409

Other Revenue $0

TOTAL REVENUE $160,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $41,262

Other Expenses $48,271

TOTAL EXPENSES $48,271

Year-over-Year Comparison

	2023	2022	Change
Revenue	$160,315	$93,626	+0.7%
Expenses	$48,271	$54,252	-0.1%
Net Income	$112,044	$39,374	+1.8%

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD GIORDANO	PRESIDENT; DIRECTOR	0.40	Officer Director	$0	$0	$0
BARBARA DESSESAURE	TRESURER; DIRECTOR	0.20	Officer Director	$0	$0	$0
CHRISTINE CURTUSS	CLERK; DIRECTOR	0.20	Officer Director	$0	$0	$0
MAGGIE COHN	ASSISTANT CLERK ; DIRECTOR	0.20	Officer Director	$0	$0	$0
RACHEL AMANUEL	DIRECTOR	0.10	Director	$0	$0	$0
JAMES BORDERS	DIRECTOR	0.10	Director	$0	$0	$0
PATRICIA FLAHERTY	DIRECTOR	0.10	Director	$0	$0	$0
CORINNE KELTON	DIRECTOR	0.10	Director	$0	$0	$0
STEPHANIE ELLIS	DIRECTOR	0.10	Director	$0	$0	$0
DAVID WILHELMI	DIRECTOR	0.10	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	$160,315	$48,271	$335,516	$112,044
2023	$93,626	$54,252	$227,734	$39,374
2022	$94,197	$101,928	$188,303	$-7,731
2021	$103,406	$135,300	$208,678	$-31,894
2020	$60,826	$34,128	$226,882	$26,698
2019	$73,179	$39,593	$199,934	$33,586
2018	$75,682	$28,385	$196,808	$47,297

BOTH DEVELOPMENT INC