CAMBRIDGE WATERFRONT DEVELOPMENT INC

EIN: 832040316 501(c)(3) Community Improvement

CAMBRIDGE, MD

Total Revenue
$2,830,412
Total Expenses
$231,798
Total Assets
$11,956,723
Net Assets
$11,059,865
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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
2018
Legal Domicile
MD
Principal Officer
ANGELA HENGST
Phone
4104630428
Tax Period
2025-01-01 to 2025-12-31

CAMBRIDGE WATERFRONT DEVELOPMENT INC, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $2.8M in total revenue in fiscal year 2025. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 92% operating margin.

Mission

TO PROMOTE AND FACILITATE THE REDEVELOPMENT OF CERTAIN PROPERTIES ALONG AND ADJACENT TO THE CITY OF CAMBRIDGE WATERFRONT.

Program Service Accomplishments

Program 1

TO PROMOTE AND FACILITATE THE REDEVELOPMENT OF CERTAIN PROPERTIES ALONG AND ADJACENT TO THE CITY OF CAMBRIDGE WATERFRONT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,801,746
Program Service Revenue $0
Investment Income $5,709
Other Revenue $22,957
TOTAL REVENUE $2,830,412

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $231,798
TOTAL EXPENSES $231,798

Year-over-Year Comparison

2025 2024 Change
Revenue $2,830,412 $1,486,679 +0.9%
Expenses $231,798 $543,345 -0.6%
Net Income $2,598,614 $943,334 +1.8%
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
6
Independent Members
6
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGIE HENGST PRESIDENT 6.00
Officer Director
$0 $0 $0
MICHEAL J FRENZ VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
FRANK J NARR JR TREASURER 18.00
Officer Director
$0 $0 $0
TIM CROSBY DIRECTOR 10.00
Director
$0 $0 $0
GAVER NICHOLS DIRECTOR 4.00
Director
$0 $0 $0
BERNARD BRATHWAITE DIRECTOR (START 5/19/25) 1.00
Director
$0 $0 $0
SHAY LEWIS-SISCO DIRECTOR (THRU 1/2/25) 0.00
Director
$0 $0 $0
NATALIE CHABOT SECRETARY (THRU 11/7/25) 4.00
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
2025 $2,830,412 $231,798 $11,956,723 $2,598,614
2024 $1,486,679 $543,345 $9,910,637 $943,334
2023 $4,354,575 $281,924 $8,503,739 $4,072,651
2023 $537,318 $205,980 $8,412,143 $331,338
2022 $2,962,494 $85,237 $8,725,419 $2,877,257
2021 $60,040 $151,665 $76,144 $-91,625
2019 $251,986 $51,423 $200,563 $200,563
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