FENWAY COMPANIES INC C/O FENWAY COMMUNITY DEVELOPMENT CORP

EIN: 352506219 501(c)(3) Housing & Shelter

BOSTON, MA

Total Revenue
$479,610
Total Expenses
$731,361
Total Assets
$2,387,382
Net Assets
$-2,909,360
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MA
Principal Officer
STEVEN FARRELL
Phone
6172674637
Tax Period
2024-01-01 to 2024-12-31

FENWAY COMPANIES INC C/O FENWAY COMMUNITY DEVELOPMENT CORP, founded in 2014, is a small nonprofit in the Housing & Shelter sector that reported $480K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $731K exceeded revenue, resulting in a 52% operating deficit.

Mission

FENWAY COMPANIES, INC. PROVIDES, OR HELPS MAKE AVAILABLE, HOUSING FOR INDIVIDUALS AND FAMILIES OF LOW AND MODERATE INCOME IN MASSACHUSETTS.

Program Service Accomplishments

Program 1
Expenses: $645,504 Revenue: $468,479

FENWAY COMPANIES, INC. PROVIDES, OR HELPS MAKE AVAILABLE, HOUSING FOR INDIVIDUALS AND FAMILIES OF LOW AND MODERATE INCOME IN 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $467,869
Investment Income $11,131
Other Revenue $610
TOTAL REVENUE $479,610

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $645,504
Other Expenses $731,361
TOTAL EXPENSES $731,361

Year-over-Year Comparison

2024 2023 Change
Revenue $479,610 $433,504 +0.1%
Expenses $731,361 $724,189 +0.0%
Net Income $-251,751 $-290,685 -0.1%
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
4
Independent Members
2
Employees
N/A
Volunteers
2

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
$223,411
Total Directors
6
$381,786
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUNEETH JOHN CLERK 0.10
Officer Director
$0 $9,462 $223,411
STEVEN FARRELL DIRECTOR (AS OF 5/24) 0.05
Director
$0 $19,498 $158,375
GREG PAULSON HAIG PRESIDENT (UNTIL 5/24) 0.05
Officer Director
$0 $0 $0
SARAH JENNESS PRESIDENT (AS OF 5/24) 0.05
Officer Director
$0 $0 $0
TIMOTHY COAKLEY TREASURER 0.10
Officer Director
$0 $0 $0
NIKKI FLIONIS DIRECTOR (UNTIL 5/24) 0.05
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 $479,610 $731,361 $2,387,382 $-251,751
2023 $433,504 $724,189 $2,396,165 $-290,685
2022 $388,158 $675,226 $2,460,900 $-287,068
2021 $381,416 $587,245 $2,540,372 $-205,829
2020 $339,915 $557,216 $2,486,967 $-217,301
2019 $321,732 $582,500 $2,451,296 $-260,768
2018 $291,718 $513,550 $2,481,113 $-221,832
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