NUESTRA DEVELOPMENT FUND INC

EIN: 752994759 501(c)(3) Unknown

ROXBURY, MA

Total Revenue
$5,513
Total Expenses
$40,035
Total Assets
$1,141,498
Net Assets
$70,199
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
MA
Principal Officer
EVELYN FRIEDMAN
Phone
6174273599
Tax Period
2024-01-01 to 2024-12-31

NUESTRA DEVELOPMENT FUND INC, founded in 2000, is a micro nonprofit in the Unknown sector that reported $6K in total revenue in fiscal year 2024. Revenue surged 877% from the prior year, signaling strong growth momentum. Expenses of $40K exceeded revenue, resulting in a 626% operating deficit.

Mission

NUESTRA DEVELOPMENT FUND, INC. (THE FUND), A MASSACHUSETTS NONPROFIT CORPORATION, WAS ORGANIZED IN 2000 TO PROVIDE LOANS AND GRANTS TO ASSIST LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES, COMMUNITY ORGANIZATIONS AND MULTI-FAMILY AFFORDABLE HOUSING ENTITIES TO DEVELOP.

Program Service Accomplishments

Program 1
Expenses: $40,035 Revenue: $5,513

NUESTRA DEVELOPMENT FUND, INC. (THE FUND), A MASSACHUSETTS NONPROFIT CORPORATION, WAS ORGANIZED IN 2000 TO PROVIDE LOANS AND GRANTS TO ASSIST LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES...

Read more

NUESTRA DEVELOPMENT FUND, INC. (THE FUND), A MASSACHUSETTS NONPROFIT CORPORATION, WAS ORGANIZED IN 2000 TO PROVIDE LOANS AND GRANTS TO ASSIST LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES, COMMUNITY ORGANIZATION, AND MULTI-FAMILY AFFORDABLE HOUSING ENTITIES TO DEVELOP, ACQUIRE, IMPROVE, OPERATE, RENOVATE, OR REFURBISH PROPERTY AND BUSINESS OPERATIONS. CURRENTLY THE FUND IS SERVING THE REMAINING LOANS AND NO LONGER ORIGINATION NEW LOANS.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $5,513
Other Revenue $0
TOTAL REVENUE $5,513

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $40,035
Other Expenses $40,035
TOTAL EXPENSES $40,035

Year-over-Year Comparison

2024 2023 Change
Revenue $5,513 $564 +8.8%
Expenses $40,035 $116,145 -0.7%
Net Income $-34,522 $-115,581 -0.7%
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

Sign In

Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
3
$50,879
Total Directors
3
$50,879
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EVELYN FRIEDMAN PRESIDENT 1.00
Officer Director
$0 $5,247 $50,879
DONNA CRAMER TRESURER & ASST SECRETARY 1.00
Officer Director
$0 $0 $0
ALFONSO SIRA SECRETARY 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
2024 $5,513 $40,035 $1,141,498 $-34,522
2023 $564 $116,145 $1,055,470 $-115,581
2022 No data No data $1,171,051 No data
2021 $32,487 No data $1,171,051 No data
2020 $5,262 $415,135 $1,139,980 $-409,873
2019 $99,787 No data $1,287,823 No data
2018 $104,897 $11,348 $1,188,036 $93,549
Explore More Nonprofits
→Top 100 Nonprofits in Massachusetts →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare NUESTRA DEVELOPMENT FUND INC with other nonprofits in Massachusetts and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.