TENANTS DEVELOPMENT CORPORATION (EIN 237044492) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

DONALD WARD

Phone

6172473988

Tax Period

2023-01-01 to 2023-12-31

TENANTS DEVELOPMENT CORPORATION, founded in 1969, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 40% operating margin.

Mission

TO PROVIDE HOUSING TO LOW AND MODERATE INCOME RESIDENTS OF BOSTON, MA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $280

Program Service Revenue $2,866,353

Investment Income $50

Other Revenue $21,580

TOTAL REVENUE $2,888,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $882,022

Fundraising Expenses $0

Program Expenses $1,464,323

Other Expenses $843,786

TOTAL EXPENSES $1,725,808

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,888,263	$1,616,876	+0.8%
Expenses	$1,725,808	$1,754,034	0.0%
Net Income	$1,162,455	$-137,158	-9.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

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

$370,932

Total Directors

$139,230

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD WARD	EXECUTIVE DI	40.00	Officer	$222,323	$9,379	$231,702
ANITA HUGGINS	ASSET MANAGE	40.00	Highest	$138,595	$841	$139,436
JEANETTA WILLIAMS	TREASURER/ S	40.00	Officer Director	$129,939	$9,291	$139,230
YAMARI FIGUEROA	PROPERTY MAN	40.00	Highest	$103,710	$17,166	$120,876
DAVID GUITERREZ	MAINTENANCE	40.00	Highest	$103,710	$17,166	$120,876
MARY CLINKSCALES	PRESIDENT	4.00	Officer Director	$0	$0	$0
ELYRIA CREECY	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
MICHAEL DAVIS	ASSISTANT TR	4.00	Officer Director	$0	$0	$0
LOUISE DOUGLAS	CLERK	4.00	Officer Director	$0	$0	$0
KEITH GORDON	BOARD MEMBER	4.00	Director	$0	$0	$0
JACQUELINE HILL	BOARD MEMBER	4.00	Director	$0	$0	$0
LEE HOLLOWAY	BOARD MEMBER	4.00	Director	$0	$0	$0
OLLIE MATHIS	BOARD MEMBER	4.00	Director	$0	$0	$0
FLORENCE POTTER	BOARD MEMBER	4.00	Director	$0	$0	$0
SYLVIA RAY	BOARD MEMBER	4.00	Director	$0	$0	$0
GLORIA REYES	BOARD MEMBER	4.00	Director	$0	$0	$0
LINDA ROBERTS	BOARD MEMBER	4.00	Director	$0	$0	$0
DOREEN WIGGINS	BOARD MEMBER	4.00	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	$2,888,263	$1,725,808	$31,599,304	$1,162,455
2022	$1,616,876	$1,754,034	$30,448,614	$-137,158
2021	$1,561,695	$1,695,142	$30,931,977	$-133,447
2020	$2,185,688	$1,547,315	$31,025,385	$638,373
2019	$1,688,264	$1,440,644	$30,219,403	$247,620
2018	$2,749,630	$1,941,579	$30,048,595	$808,051

TENANTS DEVELOPMENT CORPORATION