JAMAICA PLAIN, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BOSTON IMPACT INITIATIVE FUND, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring.
FORM 990 - ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIESBOSTON IMPACT INITIATIVE FUND'S MISSION IS TO HELP BUILD A FUTURE WHERE ENTREPRENEURS OF COLOR AND THEIR COMMUNITIES HAVE THE FINANCIAL, SOCIAL AND POLITICAL POWER TO CREATE A SUSTAINABLE, INCLUSIVE AND EQUITABLE ECONOMY FOR GENERATIONS TO COME. TO DO THIS, BII INVESTS INTEGRATED CAPITAL IN SOCIAL ENTERPRISES AND COMMUNITY-CONTROLLED REAL ESTATE TO INCREASE WEALTH AND ASSET-BUILDING OPPORTUNITIES FOR COMMUNITIES OF COLOR IN MASSACHUSETTS AND NEW ENGLAND. BII IS ALSO TRANSFORMING THE IMPACT INVESTING FIELD THROUGH FIELD-BUILDING AND EDUCATION SO THAT ECONOMIC AND RACIAL JUSTICE BECOMES INTEGRAL TO ANY COMMUNITY-CENTERED INVESTMENT STRATEGY.
BII MANAGES TWO INTEGRATED CAPITAL INVESTMENT FUNDS - BII FUND I AND BII FUND II. BII FUND I BII'S INAUGURAL FUND ("BII FUND I") WAS LAUNCHED IN 2017 TO INVEST INTEGRATED CAPITAL - DEFINED AS DEBT...
BII MANAGES TWO INTEGRATED CAPITAL INVESTMENT FUNDS - BII FUND I AND BII FUND II. BII FUND I BII'S INAUGURAL FUND ("BII FUND I") WAS LAUNCHED IN 2017 TO INVEST INTEGRATED CAPITAL - DEFINED AS DEBT, EQUITY AND GRANTS - IN REGENERATIVE LOCAL ENTERPRISES IN EASTERN MASSACHUSETTS THAT ARE OWNED AND CONTROLLED BY ENTREPRENEURS OF COLOR OR THAT SERVE COMMUNITIES OF COLOR. BY USING THIS "WHOLE PORTFOLIO" APPROACH, BII SELECTS THE BEST CAPITAL INSTRUMENT FOR THE AGE AND STAGE OF EACH ORGANIZATION IN WHICH IT INVESTS. IN ADDITION TO MAKING INVESTMENTS IN THESE ENTERPRISES, BII PROVIDES TECHNICAL ASSISTANCE, BUSINESS COACHING, CONNECTIONS, AND EDUCATIONAL PROGRAMMING TO SUPPORT ITS PORTFOLIO INVESTMENTS, STRENGTHEN THE IMPACT OF THESE ENTERPRISES IN THEIR COMMUNITIES, AND IMPROVE THE EFFECTIVENESS OF ENTREPRENEURIAL SERVICES. BII FUND I HAS MADE CUMULATIVE INTEGRATED CAPITAL INVESTMENTS OF APPROXIMATELY $7.7 MILLION. THIS TOTAL COMPRISES $6.9 MILLION OF DEBT AND EQUITY INVESTMENTS ACROSS 50 ENTERPRISES AND $949,193 AWARDED IN GRANTS FROM A SEPARATE GRANT POOL AS OF DECEMBER 31, 2023. IN 2023, BII FUND I MADE 7 IMPACT INVESTMENTS TOTALING $600,000. BII FUND II IN MAY 2022, BII ESTABLISHED BOSTON IMPACT INITIATIVE FUND II LLC ("BII FUND II") A WHOLLY-OWNED SUBSIDIARY OF BII FOR THE PURPOSE OF LAUNCHING BII'S SECOND INTEGRATED CAPITAL FUND. BII FUND II IS A $20 MILLION DEBT FUND THAT WILL INVEST INTEGRATED CAPITAL INTO EARLY-STAGE SOCIAL ENTERPRISES OWNED BY ENTREPRENEURS OF COLOR AND COMMUNITY-CONTROLLED REAL ESTATE IN MASSACHUSETTS AND THE NORTHEAST. BII FUND II PRIORITIZES INVESTMENTS IN ENTERPRISES THAT ADDRESS AN UNMET NEED OR ISSUE AFFECTING COMMUNITIES OF COLOR, BUILD CLIMATE RESILIENCE AND EXPAND CLEAN ENERGY SOLUTIONS, AND GROW WORKER OR COMMUNITY POWER AND VOICE, INCLUDING CO-OPS, AND WORKER-OWNED AND UNIONIZED BUSINESSES. BII FUND II ALSO INVESTS IN COMMERCIAL AND RESIDENTIAL REAL ESTATE PROJECTS THAT SUPPORT COMMUNITY OWNERSHIP AND CONTROL OF LAND TO PREVENT DISPLACEMENT. BII FUND II INVESTED A TOTAL OF $4.2 MILLION IN EIGHTEEN ENTERPRISES AND REAL ESTATE PROJECTS AS OF DECEMBER 31, 2023.
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Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,948,405 | $2,938,858 | -0.3% |
| Expenses | $2,137,262 | $2,137,744 | 0.0% |
| Net Income | $-188,857 | $801,114 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BETTY FRANCISCO | CEO | 40.00 |
Officer
Director
|
$215,000 | $6,450 | $221,450 |
| LISA OWENS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GUILLERMO QUINTEROS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JUAN LEYTON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROSE FELIX | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NIA EVANS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DEBORAH FRIEZE | PRESIDENT | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| GEETA AIYER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| REBECCA REGAN | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| KAFILAT LAWAL | FINANCIAL CONTROLLER | 40.00 |
Highest
|
$110,905 | $4,258 | $115,163 |
| HENRY NOEL | INVESTMENT DIRECTOR | 40.00 |
Highest
|
$142,000 | $4,260 | $146,260 |
| ALIANA PINEIRO | IMPACT DIRECTOR | 40.00 |
Highest
|
$135,500 | $4,140 | $139,640 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,948,405 | $2,137,262 | $15,981,911 | $-188,857 |
| 2022 | $2,938,858 | $2,137,744 | $10,143,671 | $801,114 |
| 2021 | $1,483,915 | $1,679,347 | $9,324,957 | $-195,432 |
| 2020 | $3,167,987 | $1,341,959 | $9,774,362 | $1,826,028 |
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