BOSTON IMPACT INITIATIVE FUND (EIN 821543658) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

BETTY FRANCISCO

Phone

6177029132

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

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.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,640,671

Program Service Revenue $57,146

Investment Income $182,518

Other Revenue $68,070

TOTAL REVENUE $1,948,405

Expense Breakdown

Grants Paid $6,130

Salaries & Benefits $967,506

Fundraising Expenses $135,610

Program Expenses $1,258,376

Other Expenses $1,163,626

TOTAL EXPENSES $2,137,262

Year-over-Year Comparison

	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%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$221,450

Total Directors

$221,450

Key Employees

Highest Compensated

reported

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

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	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

BOSTON IMPACT INITIATIVE FUND