BOMA FOUNDATION

EIN: 521905266 501(c)(3) Community Improvement

WASHINGTON, DC

Total Revenue
$24,937
Total Expenses
$31,829
Total Assets
$75,982
Net Assets
$68,489
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
IL
Principal Officer
HENRY H CHAMBERLAIN
Phone
2023266300
Tax Period
2023-01-01 to 2023-12-31

BOMA FOUNDATION, founded in 1994, is a micro nonprofit in the Community Improvement sector that reported $25K in total revenue in fiscal year 2023. Revenue surged 158% from the prior year, signaling strong growth momentum. Expenses of $32K exceeded revenue, resulting in a 28% operating deficit.

Mission

THE MISSION OF THE BOMA FOUNDATION IS TO SERVE THE COMMERCIAL REAL ESTATE INDUSTRY BY FOSTERING A FUTURE VISION, FORWARD THINKING RESEARCH, INNOVATIVE THOUGHT, AND GLOBAL BEST PRACTICES.

Program Service Accomplishments

Program 1
Expenses: $22,185 Revenue: $8

PROVIDE EDUCATION SUPPORT AS WELL AS CAREER SUPPORT TO STUDENTS AND VETERANS INTERESTED IN POTENTIAL CAREERS IN COMMERCIAL REAL ESTATE.

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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 $24,779
Program Service Revenue $8
Investment Income $150
Other Revenue $0
TOTAL REVENUE $24,937

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $22,185
Other Expenses $31,829
TOTAL EXPENSES $31,829

Year-over-Year Comparison

2023 2022 Change
Revenue $24,937 $9,648 +1.6%
Expenses $31,829 $24,216 +0.3%
Net Income $-6,892 $-14,568 -0.5%
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
5
Independent Members
4
Employees
N/A
Volunteers
4

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
5
$599,873
Total Directors
5
$599,873
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HENRY CHAMBERLAIN PRESIDENT AND COO 1.00
Officer Director
$0 $90,099 $599,873
ROBERT M SIX CHAIR 1.00
Officer Director
$0 $0 $0
MANUEL MORENO CHAIR ELECT 1.00
Officer Director
$0 $0 $0
LUCI SMITH VICE CHAIR 1.00
Officer Director
$0 $0 $0
MURRAY GREEN SECRETARY/TREASURER 1.00
Officer 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
2023 $24,937 $31,829 $75,982 $-6,892
2022 $9,648 $24,216 $78,909 $-14,568
2021 $25,060 $21,771 $91,542 $3,289
2020 $35,038 $13,176 $91,613 $21,862
2019 $51,394 $21,074 $70,326 $30,320
2018 $32,652 $18,468 $36,806 $14,184
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