Ferdinand Building Development Corporation

EIN: 453587147 501(c)(3) Education

Boston, MA

Total Revenue
$235,545
Total Expenses
$8,265
Total Assets
$2,784,744
Net Assets
$2,605,519
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
MA
Principal Officer
JERICA BRADLEY
Phone
6176354140
Tax Period
2024-07-01 to 2025-06-30

Ferdinand Building Development Corporation, founded in 2011, is a small nonprofit in the Education sector that reported $236K in total revenue in fiscal year 2024. The organization ran a surplus of $227K, a strong 96% operating margin.

Mission

TO STIMULATE NEW ECONOMIC DEVELOPMENT IN ONE OF BOSTON'S MOST UNDERDEVELOPED NEIGHBORHOODS, AS WELL AS TO LOCATE A NEW BOSTON PUBLIC SCHOOLS ("BPS") HEADQUARTERS IN THE DEMOGRAPHIC CENTER OF BOSTON'S SCHOOL POPULATION. THE MOST SIGNIFICANT ACTIVITIES HAVE BEEN TO ACQUIRE THE SITE, FINANCE, CONSTRUCT AND LEASE A 215,000 SQUARE FOOT BUILDING IN DUDLEY SQUARE IN BOSTON, MA, TO BE LEASED TO THE CITY OF BOSTON AND OCCUPIED BY BPS.

Program Service Accomplishments

Program 1
Expenses: $8,265 Revenue: $235,545

TO STIMULATE NEW ECONOMIC DEVELOPMENT IN ONE OF BOSTON'S MOST UNDERDEVELOPED NEIGHBORHOODS, AS WELL AS TO LOCATE A NEW BOSTON PUBLIC SCHOOLS ("BPS") HEADQUARTERS IN THE DEMOGRAPHIC CENTER OF BOSTON'S...

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TO STIMULATE NEW ECONOMIC DEVELOPMENT IN ONE OF BOSTON'S MOST UNDERDEVELOPED NEIGHBORHOODS, AS WELL AS TO LOCATE A NEW BOSTON PUBLIC SCHOOLS ("BPS") HEADQUARTERS IN THE DEMOGRAPHIC CENTER OF BOSTON'S SCHOOL POPULATION. THE MOST SIGNIFICANT ACTIVITIES HAVE BEEN TO ACQUIRE THE SITE, FINANCE, CONSTRUCT AND LEASE A 215,000 SQUARE FOOT BUILDING IN DUDLEY SQUARE IN BOSTON, MA, TO BE LEASED TO THE CITY OF BOSTON AND OCCUPIED BY BPS.

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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 $235,545
Investment Income $0
Other Revenue $0
TOTAL REVENUE $235,545

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,265
Other Expenses $8,265
TOTAL EXPENSES $8,265

Year-over-Year Comparison

2024 2023 Change
Revenue $235,545 $233,859 +0.0%
Expenses $8,265 $1,745 +3.7%
Net Income $227,280 $232,114 0.0%
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
N/A
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
4
$712,523
Total Directors
3
$564,929
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DION IRISH TREASURER/CHIEF OF OPERATIONS 1.0
Officer Director
$0 $25,327 $198,394
ASHLEY GROFFENBERGER PRESIDENT/CFO, COLLECTOR-TREAS 1.0
Officer Director
$0 $25,327 $194,880
SEGUN IDOWU CLERK 1.0
Officer Director
$0 $10,549 $171,655
JERICA BRADLEY 1ST ASST. COLLECTOR-TREASURER 1.0
Officer
$0 $8,654 $147,594
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 $235,545 $8,265 $2,784,744 $227,280
2024 $233,859 $1,745 $2,557,464 $232,114
2023 $163,102 $96,452 $2,549,642 $66,650
2022 $172,078 $268,528 $2,379,079 $-96,450
2021 $5,072,504 $310,395 $2,286,335 $4,762,109
2020 $1,983,727 $30,997,779 $7,661,975 $-29,014,052
2019 $2,213,304 $1,675,503 $35,154,828 $537,801
2018 $2,168,220 $1,648,521 $33,656,124 $519,699
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