COMMUNITY DEVELOPMENT INC

EIN: 222813032 501(c)(3) Community Improvement

BOSTON, MA

Total Revenue
$1,998,114
Total Expenses
$2,192,727
Total Assets
$1,631,654
Net Assets
$1,371,891
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
MA
Principal Officer
PHILLIP CLAY
Phone
8572218600
Tax Period
2023-01-01 to 2023-12-31

COMMUNITY DEVELOPMENT INC, founded in 1987, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

COMMUNITY DEVELOPMENT,INC. (THE "CORPORATION") IS A NONPROFIT ORGANIZATION ESTABLISHED TO ACQUIRE, IMPROVE (THROUGH REHABILITATION, NEW CONSTRUCTION, OR OTHERWISE) AND TO MAKE AVAILABLE AFFORDABLE HOUSING TO PERSONS AND FAMILIES WITH LOW AND MODERATE INCOMES; TO ACQUIRE, OWN AND DISPOSE OF PARTNERSHIP OR MEMBERSHIP INTERESTS IN LIMITED PARTNERSHIPS ("LPS") OR LIMITED LIABILITY COMPANIES ("LLCS") AND STOCK IN CORPORATIONS PROVIDING HOUSING FOR THE BENEFIT OF PERSONS AND FAMILIES AS DEFINED ABOVE; AND TO PROMOTE SOCIAL WELFARE AND COMBAT COMMUNITY DETERIORATION BY IMPROVING EXISTING PROPERTY OR CREATING NEW FACILITIES WITHIN BLIGHTED, DECAYED, OR SUBSTANDARD AREAS.

Program Service Accomplishments

Program 1
Expenses: $2,173,824 Revenue: $1,998,014

COMMUNITY DEVELOPMENT,INC. (THE "CORPORATION") IS A NONPROFIT ORGANIZATION ESTABLISHED TO ACQUIRE, IMPROVE (THROUGH REHABILITATION, NEW CONSTRUCTION, OR OTHERWISE) AND TO MAKE AVAILABLE AFFORDABLE...

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COMMUNITY DEVELOPMENT,INC. (THE "CORPORATION") IS A NONPROFIT ORGANIZATION ESTABLISHED TO ACQUIRE, IMPROVE (THROUGH REHABILITATION, NEW CONSTRUCTION, OR OTHERWISE) AND TO MAKE AVAILABLE AFFORDABLE HOUSING TO PERSONS AND FAMILIES WITH LOW AND MODERATE INCOMES; TO ACQUIRE, OWN AND DISPOSE OF PARTNERSHIP OR MEMBERSHIP INTERESTS IN LIMITED PARTNERSHIPS ("LPS") OR LIMITED LIABILITY COMPANIES ("LLCS") AND STOCK IN CORPORATIONS PROVIDING HOUSING FOR THE BENEFIT OF PERSONS AND FAMILIES AS DEFINED ABOVE; AND TO PROMOTE SOCIAL WELFARE AND COMBAT COMMUNITY DETERIORATION BY IMPROVING EXISTING PROPERTY OR CREATING NEW FACILITIES WITHIN BLIGHTED, DECAYED, OR SUBSTANDARD AREAS.

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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 $100
Program Service Revenue $1,998,014
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,998,114

Expense Breakdown

Grants Paid $1,920,887
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,173,824
Other Expenses $271,840
TOTAL EXPENSES $2,192,727

Year-over-Year Comparison

2023 2022 Change
Revenue $1,998,114 $1,808,385 +0.1%
Expenses $2,192,727 $459,544 +3.8%
Net Income $-194,613 $1,348,841 -1.1%
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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NINA SCHWARZSCHILD TREASURER/DIRECTOR 0.10
Officer Director
$0 $0 $0
PHILLIP L CLAY PRESIDENT/DIRECTOR 0.10
Officer Director
$0 $0 $0
RUSSELL TANNER 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 No data No data No data No data
2023 $1,998,114 $2,192,727 $1,631,654 $-194,613
2022 $1,808,385 $459,544 $1,813,777 $1,348,841
2021 $633,912 $791,707 $444,456 $-157,795
2020 $549,273 $324,159 $589,085 $225,114
2019 $700,818 $587,833 $362,288 $112,985
2018 $59,855 $107,446 $45,407 $-47,591
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