Fields Corner Community Development Corporation FY2024 filing

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The Corporation was established for the purpose of improving the Fields Corner area of dorchester, massachusetts through economic Development, Community education and housing rehabilitation and Development.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$82K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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
IRS Pub. 78
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $199K a year · 24% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$82K
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
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$116K
67% of total assets
Worth a look: liabilities are 67% of assets; over 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$901K
+78% vs prior year
Spent
$1.0M
To programs
77%
Net assets
$56K
By yearFY2020–FY2025
Revenue
$901K
FY2024▲ +78%
Tap a bar for its year
Revenue by fiscal year
FY2020$873K
FY2021$938K
FY2022$859K
FY2023$506K
FY2024$901K
FY2025$984K
Expenses
$1.0M
FY2024▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.0M
FY2022$1.1M
FY2023$1.1M
FY2024$1.0M
FY2025$1.1M
Net assets
$56K
FY2024▼ -80%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.0M
FY2022$849K
FY2023$286K
FY2024$56K
FY2025−$44K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated. Listed in IRS Pub. 78 (as of October 2026). Latest filing on record: FY2025. IRS ruling in Dec 1982.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $802K Management & general 23% · $240K

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

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Who runs it and what they're paid

6 people listed on the 990; $82K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$82,472Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Ellen a Mason’s $87K as Executive Director is at the 78th percentile of top reported officer pay among 851 $100K–1M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Maria Pena———$91,811——
Ellen a Mason$86,635$82,472$82,660—$79,948$79,948

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 Fields Corner Community Development Corporation executive salaries →

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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 15aNo

Programs and updates

Improves a neighborhood through economic development, education, and housing.

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Provided by the organization

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1 program · $802K · in their own filed words · FY2023
01

Fields corner CDC manages several low-income properties in dorchester, ma

$802Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$901K
Ln 12
Fees for servicesLn 2g$898K
Investment incomeLn 3$3K
Money outPt IX
$1.0M
Ln 25
Programscol B$802K
Managementcol C$240K
Owns and owesPt X
$56K
net assets · Ln 32
Cash and savingsLn 1–2$317K
Total assetsLn 16$173K
LiabilitiesLn 26$116K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$898K
Investment incomeLn 3$3K
Total revenueLn 12$901K
Assets in detailPt X, end of year
CashLn 1$117K
SavingsLn 2$200K
Cash and savings togetherLn 1–2$317K
Land, buildings, equipmentLn 10c$16K
Other assetsLn 15−$3.0M
Total assetsLn 16$173K
LiabilitiesLn 26$116K
Net assetsLn 32$56K
OperationsPt I, VI
EmployeesI 514
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$316K$317K
Land, buildings, equipmentLn 10c$2K$16K
Total assetsLn 16$368K$173K
LiabilitiesLn 26$82K$116K
Net assetsLn 32$286K$56K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$661K$516K$146K
Other employee benefitsLn 9$163K$149K$14K
Payroll taxesLn 10$59K$45K$15K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$48K$48K
Advertising and promotionLn 12$318$318
Office expensesLn 13$23K$11K$11K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$63K$32K$32K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$1.0M$802K$240K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $984K$1.1M−$100K−$44K 990 PDF
FY2024 Viewing $901K$1.0M−$141K$56K 990 PDF
FY2023 $506K$1.1M−$563K$286K 990 PDF
FY2022 $859K$1.1M−$194K$849K 990 PDF
FY2021 $938K$1.0M−$62K$1.0M 990 PDF
FY2020 $873K$1.0M−$132K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $900,816 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $503,301$897,701
I-10 Investment incomePrior year $2,380$3,115
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $505,681$900,816
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 $903,345$883,478
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $165,226$157,975
I-18 Total expensesPrior year $1,068,571$1,041,453
I-19 Revenue less expensesPrior year −$562,890−$140,637
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $900,816 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $897,701$897,701
VIII-3 Investment incomeExcluded from tax $3,115$3,115
VIII-12 Total revenueRelated to mission $897,701 · Unrelated business $0 · Excluded from tax $3,115$900,816
Part IX · Statement of functional expenses $1,041,453 across 11 lines filed
IX-7 Other salaries and wagesPrograms $515,896 · Management $145,538$661,434
IX-9 Other employee benefitsPrograms $149,098 · Management $13,678$162,776
IX-10 Payroll taxesPrograms $44,508 · Management $14,760$59,268
IX-11c Accounting feesManagement $17,800$17,800
IX-11g Other fees for servicesPrograms $47,574$47,574
IX-12 Advertising and promotionPrograms $318$318
IX-13 Office expensesPrograms $11,277 · Management $11,277$22,554
IX-19 Conferences, conventions and meetingsPrograms $1,585$1,585
IX-23 InsuranceManagement $2,790$2,790
IX-24 Other expenses (24a–d)Programs $31,586 · Management $31,586$63,172
IX-24e All other expensesManagement $2,182$2,182
IX-25 Total functional expensesPrograms $801,842 · Management $239,611 · Fundraising $0$1,041,453
Part X · Balance sheet $172,533 assets, 13 lines filed
Asset lines not itemized here account for $98,787; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $316,452$116,878
X-2 Savings and temporary cash investments$200,000
X-4 Accounts receivableStart of year $2,611,237$2,698,579
X-9 Prepaid expenses and deferred chargesStart of year $15,673$15,420
X-10c Land, buildings and equipment, netStart of year $2,471$16,102
X-15 Other assetsStart of year −$2,676,789−$2,973,233
X-16 Total assetsStart of year $367,831$172,533
X-17 Accounts payable and accrued expensesStart of year $57,855$103,945
X-24 Unsecured notes and loans payableStart of year $23,778$12,466
X-26 Total liabilitiesStart of year $81,633$116,411
X-27 Net assets without donor restrictionsStart of year $286,198$56,122
X-32 Total net assets or fund balancesStart of year $286,198$56,122
X-33 Total liabilities and net assetsStart of year $367,831$172,533
Part XI · Reconciliation of net assets $56,122 net assets at year end
XI-1 Total revenue$900,816
XI-2 Total expenses$1,041,453
XI-3 Revenue less expenses−$140,637
XI-4 Net assets at start of year$286,198
XI-9 Other changes in net assets−$89,439
XI-10 Net assets at end of year$56,122

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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