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Roxbury Development Corporation FY2020 filing

Tax-deductible

Roxbury, MA501(c)(3)HousingEIN 04-3562970

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Neighborhood improvement of low to moderate income areas of greater boston.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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 $443K a year · 52% 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.1M
76% of total assets
Worth a look: liabilities are 76% of assets; over 65%.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$738K
Spent
$762K
To programs
100%
Net assets
$665K
By yearFY2020–FY2024
Revenue
$738K
FY2020
Revenue by fiscal year
FY2020$738K
FY2021$726K
FY2022$2.3M
FY2023$163K
FY2024$313K
Expenses
$762K
FY2020
Expenses by fiscal year
FY2020$762K
FY2021$753K
FY2022$277K
FY2023$84K
FY2024$179K
Net assets
$665K
FY2020
Net assets by fiscal year
FY2020$665K
FY2021$637K
FY2022$2.7M
FY2023$2.8M
FY2024$2.9M

From the FY2020 Form 990 · see the original

Form 990 (PDF) 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 Nov 2002.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $762K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
David Price
President
$0Pt VII · Sec A
Donna Cramer
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Roxbury 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 low-to-moderate income neighborhoods in Greater Boston.

Provided by the organization

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1 program service account for $762K of program spending, described in the organization's own filed words · FY2020.
01

Roxbury development corporation provides low income housing to 26RESIDENTIAL tenants. The project also provides 5 commercial units,which are rented to four small local businesses that provide servicesto the community.

$762Kprogram expense

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By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$738K
Ln 12
Fees for servicesLn 2g$468K
Gifts and grantsLn 1h$268K
Other incomeLn 4–11$1K
Money outPt IX
$762K
Ln 25
Programscol B$762K
Owns and owesPt X
$665K
net assets · Ln 32
Cash and savingsLn 1–2$77K
Total assetsLn 16$2.7M
LiabilitiesLn 26$2.1M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$268K
Government grantsLn 1e$268K
Fees for servicesLn 2g$468K
Investment incomeLn 3$658
Other incomeLn 4–11$1K
Total revenueLn 12$738K
Assets in detailPt X, end of year
CashLn 1$77K
Cash and savings togetherLn 1–2$77K
Land, buildings, equipmentLn 10c$2.4M
Other assetsLn 15$227K
Total assetsLn 16$2.7M
LiabilitiesLn 26$2.1M
Net assetsLn 32$665K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$17K$77K
Land, buildings, equipmentLn 10c$2.4M$2.4M
Total assetsLn 16$2.6M$2.7M
LiabilitiesLn 26$1.9M$2.1M
Net assetsLn 32$729K$665K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$34K$34K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$25K$25K
Other fees for servicesLn 11g$94K$94K
Office expensesLn 13$26K$26K
OccupancyLn 16$416K$416K
Depreciation, depletion and amortizationLn 22$137K$137K
Other expenses (24a–d)Ln 24$27K$27K
Total functional expensesLn 25$762K$762K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $313K$179K$134K$2.9M 990 PDF
FY2023 $163K$84K$80K$2.8M 990 PDF
FY2022 $2.3M$277K$2.1M$2.7M 990 PDF
FY2021 $726K$753K−$28K$637K 990 PDF
FY2020 Viewing $738K$762K−$24K$665K 990 PDF

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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 (4 parts)
Part VIII · Statement of revenue $738,389 across 5 lines filed
Lines not itemized here account for $1,192 of total revenue; see the IRS return.
VIII-1e Government grants$268,057
VIII-1h Total contributions, gifts and grants$268,057
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $468,482$468,482
VIII-3 Investment incomeExcluded from tax $658$658
VIII-12 Total revenueRelated to mission $469,674 · Unrelated business $0 · Excluded from tax $658$738,389
Part IX · Statement of functional expenses $762,468 across 8 lines filed
IX-11a Management feesPrograms $33,522$33,522
IX-11b Legal feesPrograms $4,093$4,093
IX-11c Accounting feesPrograms $25,187$25,187
IX-11g Other fees for servicesPrograms $93,798$93,798
IX-13 Office expensesPrograms $26,117$26,117
IX-16 OccupancyPrograms $415,609$415,609
IX-22 Depreciation, depletion and amortizationPrograms $136,772$136,772
IX-24 Other expenses (24a–d)Programs $27,370$27,370
IX-25 Total functional expensesPrograms $762,468 · Management $0 · Fundraising $0$762,468
Part X · Balance sheet $2,735,490 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $17,310$76,676
X-4 Accounts receivableStart of year $20,835$44,173
X-9 Prepaid expenses and deferred chargesStart of year $5,360$10,885
X-10c Land, buildings and equipment, netStart of year $2,449,119$2,376,669
X-15 Other assetsStart of year $150,910$227,087
X-16 Total assetsStart of year $2,643,534$2,735,490
X-17 Accounts payable and accrued expensesStart of year $132,913$355,427
X-25 Other liabilitiesStart of year $622,573$454,850
X-26 Total liabilitiesStart of year $1,914,555$2,070,332
X-27 Net assets without donor restrictionsStart of year $728,979$665,158
X-32 Total net assets or fund balancesStart of year $728,979$665,158
X-33 Total liabilities and net assetsStart of year $2,643,534$2,735,490
Part XI · Reconciliation of net assets $665,158 net assets at year end
XI-1 Total revenue$738,389
XI-2 Total expenses$762,468
XI-3 Revenue less expenses−$24,079
XI-4 Net assets at start of year$728,979
XI-9 Other changes in net assets−$39,742
XI-10 Net assets at end of year$665,158

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

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