Fenway Community Development Corp FY2020 filing

Tax-deductible

Boston, MA501(c)(3)Since 1973HousingEIN 04-2666507Revenue $4.3M in FY2020

On file with the IRSfenwaycdc.org70 Burbank Street, 02115-3666 · Boston, MATax-exempt since Jan 1980Publicly supported — 509(a)(2)

This page gets seen. Tell your story. Claim this org.

Fenway CDC improved the economic and social well-being of low-income and moderate-income residents by helping them to access affordable housing, social services, education, job skills training, employment, financial education, fresh healthy food, health programs, Community events, and civic engagement activities. Thoughout the 2020 pandemic, fcdc continued to provide connections to vital services and supports for affected residents of our Community. We continued to preserve, create, and advocate for much needed affordable housing.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$256K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $813K a year · 13% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$256K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$20.6M
67% of total assets
Worth a look: liabilities are 67% of assets; over 65%.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.3M
Spent
$3.3M
To programs
87%
Net assets
$9.9M
By yearFY2020–FY2024
Revenue
$4.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.3M
FY2021$3.4M
FY2022$5.7M
FY2023$7.6M
FY2024$9.8M
Expenses
$3.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.3M
FY2021$2.3M
FY2022$5.9M
FY2023$8.0M
FY2024$7.2M
Net assets
$9.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$9.9M
FY2021$10.6M
FY2022$11.1M
FY2023$11.1M
FY2024$14.7M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1980.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $2.9M Management & general 7% · $220K Fundraising 6% · $199K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

23 people listed on the 990; $256K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$132,573Pt VII · Sec A
Director of Real Estate
$123,748Pt VII · Sec A
VP (until 4/20)/President/Bd Member
$0Pt VII · Sec A
VP (as of 4/20)/Board Member
$0Pt VII · Sec A
Board Member/Treasurer
$0Pt VII · Sec A
Clerk (as of 4/20)/Board Member
$0Pt VII · Sec A
President (until 4/20)/Bd Member
$0Pt VII · Sec A
Co-Clerk (until 4/20)/Bd Member
$0Pt VII · Sec A

Suneeth John’s $214K as Deputy Dir. & Head of Real Estate is at the 89th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Suneeth John$213,949$173,199$151,321$129,791$123,748
Leah Camhi$95,566$165,464$140,909$135,959$132,573
Steven Farrell$138,877————
Lian Kim Tan-Hard$104,884$100,717———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Fenway Community Development Corp executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops and preserves affordable housing while providing low-income residents with job training, social services, financial education, and health programs to improve their well-being.

Questions for Fenway Community Development Corp

Tap to ask. Fenway Community Development Corp sees how many people are interested.

Your first name shows with your question. Fenway Community Development Corp answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

3 programs · $2.6M · in their own filed words · FY2020
01

In 2020, Our Wholly-Owned Rental Properties Included

15-25 hemenway housing which is a 24 unit mixed income housing development; fenway apartments, LLC which comprises 22 units of affordable housing; fenway NS acquisition, LLC which comprises 97 units of affordable housing.

$1.9Mprogram expense
02

Affordable Housing Preservation and Development

In 2020, fenway CDC provided over 600 residents with safe and affordable homes. We began rehabbing 97 homes at a recently acquired property. We pursued opportunities to build and preserve new affordable housing.

$445Kprogram expense
03

Community Planning & Organizing

In 2020, fenway CDC worked with residents, non-profits, and city officials to recommend improvements in the city's housing policies to help ensure affordability citywide. Our efforts addressed the challenges of short-term rentals and the need for affordable housing to meet the needs of low- and moderate-income residents.

$181Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 16 grants · $462K · 2021–2024
Boston Tenant Coalition INCMA · FY2023$44,941
Fenway Community Health Center INCFY2023$38,124
Homes for Families INCMA · FY2023$25,000
Fenway Community Health Center INCFY2022$76,250
Boston Tenant Coalition INCMA · FY2022$50,000
Homes for Families INCMA · FY2022$25,000
The Fenway Alliance INCMA · FY2022$10,000
Boston Tenant Coalition INCMA · FY2021$50,000
Homes for Families INCMA · FY2021$25,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.3M
Ln 12
Fees for servicesLn 2g$3.0M
Gifts and grantsLn 1h$1.3M
Other incomeLn 4–11$44K
Money outPt IX
$3.3M
Ln 25
Programscol B$2.9M
Managementcol C$220K
Fundraisingcol D$199K
Owns and owesPt X
$9.9M
net assets · Ln 32
Cash and savingsLn 1–2$3.9M
Total assetsLn 16$30.5M
LiabilitiesLn 26$20.6M
PeoplePt VI, VII
23
listed · VII A
PaidVII A2
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$35K
Noncash giftsLn 1g$2K
Fees for servicesLn 2g$3.0M
Investment incomeLn 3$18K
Other incomeLn 4–11$44K
Total revenueLn 12$4.3M
Assets in detailPt X, end of year
CashLn 1$913K
SavingsLn 2$3.0M
Cash and savings togetherLn 1–2$3.9M
InvestmentsLn 11–13$1.6M
Land, buildings, equipmentLn 10c$22.8M
Other assetsLn 15$2.0M
Total assetsLn 16$30.5M
LiabilitiesLn 26$20.6M
Net assetsLn 32$9.9M
OperationsPt I, VI
EmployeesI 515
VolunteersI 6112
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3.3M$3.9M
InvestmentsLn 11–13$531K$1.6M
Land, buildings, equipmentLn 10c$37.7M$22.8M
Total assetsLn 16$45.1M$30.5M
LiabilitiesLn 26$39.7M$20.6M
Net assetsLn 32$5.4M$9.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$139K$118K$14K$7K
Other salaries and wagesLn 7$634K$481K$33K$120K
Pension plan contributionsLn 8$10K$8K$451$2K
Other employee benefitsLn 9$80K$61K$5K$14K
Payroll taxesLn 10$57K$44K$3K$10K
Management feesLn 11a$82K$82K
Legal feesLn 11b$37K$37K$765
Accounting feesLn 11c$75K$75K
Lobbying feesLn 11d$2K$2K
Other fees for servicesLn 11g$400K$299K$72K$29K
Advertising and promotionLn 12$4K$4K$152
Office expensesLn 13$55K$47K$5K$3K
OccupancyLn 16$1.3M$1.3M$509$2K
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$326K$321K$1K$3K
InsuranceLn 23$2K$417$1K
Other expenses (24a–d)Ln 24$94K$78K$9K$7K
Total functional expensesLn 25$3.3M$2.9M$220K$199K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $9.8M$7.2M$2.6M$14.7M 990 PDF
FY2023 $7.6M$8.0M−$454K$11.1M 990 PDF
FY2022 $5.7M$5.9M−$197K$11.1M 990 PDF
FY2021 $3.4M$2.3M$1.1M$10.6M 990 PDF
FY2020 Viewing $4.3M$3.3M$1.0M$9.9M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $4,341,303 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $651,940$1,272,111
I-9 Program service revenuePrior year $2,373,194$3,006,999
I-10 Investment incomePrior year $60,525$17,948
I-11 Other revenuePrior year −$20,880$44,245
I-12 Total revenuePrior year $3,064,779$4,341,303
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $809,163$918,656
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,494,024$2,383,062
I-18 Total expensesPrior year $4,303,187$3,301,718
I-19 Revenue less expensesPrior year −$1,238,408$1,039,585
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,341,303 across 9 lines filed
VIII-1a Federated campaigns$200,000
VIII-1e Government grants$35,001
VIII-1f All other contributions, gifts and grants$1,037,110
VIII-1g Noncash contributions (included above)$1,814
VIII-1h Total contributions, gifts and grants$1,272,111
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,006,999$3,006,999
VIII-3 Investment incomeExcluded from tax $17,948$17,948
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $44,245$44,245
VIII-12 Total revenueRelated to mission $3,051,244 · Unrelated business $0 · Excluded from tax $17,948$4,341,303
Part IX · Statement of functional expenses $3,301,718 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $117,796 · Management $13,858 · Fundraising $6,930$138,584
IX-7 Other salaries and wagesPrograms $480,588 · Management $32,799 · Fundraising $120,443$633,830
IX-8 Pension plan contributionsPrograms $7,504 · Management $451 · Fundraising $2,178$10,133
IX-9 Other employee benefitsPrograms $60,517 · Management $4,659 · Fundraising $14,414$79,590
IX-10 Payroll taxesPrograms $43,591 · Management $3,402 · Fundraising $9,526$56,519
IX-11a Management feesPrograms $81,760$81,760
IX-11b Legal feesPrograms $36,607 · Management $765$37,372
IX-11c Accounting feesManagement $74,664$74,664
IX-11d Lobbying feesPrograms $1,894$1,894
IX-11g Other fees for servicesPrograms $299,216 · Management $71,660 · Fundraising $28,983$399,859
IX-12 Advertising and promotionPrograms $4,216 · Management $152$4,368
IX-13 Office expensesPrograms $46,936 · Management $4,715 · Fundraising $3,409$55,060
IX-16 OccupancyPrograms $1,303,282 · Management $509 · Fundraising $1,719$1,305,510
IX-20 InterestManagement $1,258$1,258
IX-22 Depreciation, depletion and amortizationPrograms $321,437 · Management $1,247 · Fundraising $3,495$326,179
IX-23 InsuranceManagement $417 · Fundraising $1,153$1,570
IX-24 Other expenses (24a–d)Programs $77,627 · Management $9,224 · Fundraising $6,717$93,568
IX-25 Total functional expensesPrograms $2,882,971 · Management $219,780 · Fundraising $198,967$3,301,718
Part X · Balance sheet $30,492,429 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $612,112$913,309
X-2 Savings and temporary cash investmentsStart of year $2,671,914$3,017,228
X-4 Accounts receivableStart of year $64,334$126,656
X-9 Prepaid expenses and deferred chargesStart of year $68,862$22,600
X-10c Land, buildings and equipment, netStart of year $37,667,979$22,818,468
X-13 Program-related investmentsStart of year $531,117$1,611,464
X-15 Other assetsStart of year $3,488,989$1,982,704
X-16 Total assetsStart of year $45,105,307$30,492,429
X-17 Accounts payable and accrued expensesStart of year $719,401$238,184
X-24 Unsecured notes and loans payable$162,427
X-25 Other liabilitiesStart of year $6,587$11,375,000
X-26 Total liabilitiesStart of year $39,748,433$20,578,196
X-27 Net assets without donor restrictionsStart of year $5,289,615$9,841,864
X-28 Net assets with donor restrictionsStart of year $67,259$72,369
X-32 Total net assets or fund balancesStart of year $5,356,874$9,914,233
X-33 Total liabilities and net assetsStart of year $45,105,307$30,492,429
Part XI · Reconciliation of net assets $9,914,233 net assets at year end
XI-1 Total revenue$4,341,303
XI-2 Total expenses$3,301,718
XI-3 Revenue less expenses$1,039,585
XI-4 Net assets at start of year$5,356,874
XI-9 Other changes in net assets$3,517,774
XI-10 Net assets at end of year$9,914,233

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.