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Roxbury Development Corporation FY2021 filing

Tax-deductible

Roxbury, MA501(c)(3)HousingEIN 04-3562970Revenue $726K in FY2021

On file with the IRSPo Box 190939, 02119-0019 · Roxbury, MATax-exempt since Nov 2002Publicly supported — 509(a)(2)

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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

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FY2021 · 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
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.0M
76% of total assets
Worth a look: liabilities are 76% of assets; over 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 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
$726K
-2% vs prior year
Spent
$753K
To programs
100%
Net assets
$637K
By yearFY2020–FY2024
Revenue
$726K
FY2021▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$738K
FY2021$726K
FY2022$2.3M
FY2023$163K
FY2024$313K
Expenses
$753K
FY2021▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$762K
FY2021$753K
FY2022$277K
FY2023$84K
FY2024$179K
Net assets
$637K
FY2021▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$665K
FY2021$637K
FY2022$2.7M
FY2023$2.8M
FY2024$2.9M

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 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% · $753K

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.

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Provided by the organization

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1 program · $753K · in their own filed words · FY2021
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.

$753Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$726K
Ln 12
Fees for servicesLn 2g$501K
Gifts and grantsLn 1h$223K
Other incomeLn 4–11$1K
Money outPt IX
$753K
Ln 25
Programscol B$753K
Owns and owesPt X
$637K
net assets · Ln 32
Cash and savingsLn 1–2$54K
Total assetsLn 16$2.6M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$223K
Government grantsLn 1e$223K
Fees for servicesLn 2g$501K
Investment incomeLn 3$188
Other incomeLn 4–11$1K
Total revenueLn 12$726K
Assets in detailPt X, end of year
CashLn 1$54K
Cash and savings togetherLn 1–2$54K
Land, buildings, equipmentLn 10c$2.3M
Other assetsLn 15$240K
Total assetsLn 16$2.6M
LiabilitiesLn 26$2.0M
Net assetsLn 32$637K
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 FY21End FY21
Cash and savingsLn 1–2$77K$54K
Land, buildings, equipmentLn 10c$2.4M$2.3M
Total assetsLn 16$2.7M$2.6M
LiabilitiesLn 26$2.1M$2.0M
Net assetsLn 32$665K$637K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$35K$35K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$25K$25K
Other fees for servicesLn 11g$86K$86K
Office expensesLn 13$58K$58K
OccupancyLn 16$388K$388K
Depreciation, depletion and amortizationLn 22$139K$139K
Other expenses (24a–d)Ln 24$21K$21K
Total functional expensesLn 25$753K$753K$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 Viewing $726K$753K−$28K$637K 990 PDF
FY2020 $738K$762K−$24K$665K 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 FY2021 990 (6 parts)
Part I · Summary $725,635 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $268,057$222,534
I-9 Program service revenuePrior year $468,482$501,423
I-10 Investment incomePrior year $658$188
I-11 Other revenuePrior year $1,192$1,490
I-12 Total revenuePrior year $738,389$725,635
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $762,468$753,475
I-18 Total expensesPrior year $762,468$753,475
I-19 Revenue less expensesPrior year −$24,079−$27,840
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $725,635 across 5 lines filed
Lines not itemized here account for $1,490 of total revenue; see the IRS return.
VIII-1e Government grants$222,534
VIII-1h Total contributions, gifts and grants$222,534
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $501,423$501,423
VIII-3 Investment incomeExcluded from tax $188$188
VIII-12 Total revenueRelated to mission $502,913 · Unrelated business $0 · Excluded from tax $188$725,635
Part IX · Statement of functional expenses $753,475 across 8 lines filed
IX-11a Management feesPrograms $34,843$34,843
IX-11b Legal feesPrograms $2,620$2,620
IX-11c Accounting feesPrograms $24,808$24,808
IX-11g Other fees for servicesPrograms $85,883$85,883
IX-13 Office expensesPrograms $57,651$57,651
IX-16 OccupancyPrograms $387,871$387,871
IX-22 Depreciation, depletion and amortizationPrograms $138,763$138,763
IX-24 Other expenses (24a–d)Programs $21,036$21,036
IX-25 Total functional expensesPrograms $753,475 · Management $0 · Fundraising $0$753,475
Part X · Balance sheet $2,622,822 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $76,676$53,805
X-4 Accounts receivableStart of year $44,173$57,485
X-9 Prepaid expenses and deferred chargesStart of year $10,885$15,385
X-10c Land, buildings and equipment, netStart of year $2,376,669$2,255,815
X-15 Other assetsStart of year $227,087$240,332
X-16 Total assetsStart of year $2,735,490$2,622,822
X-17 Accounts payable and accrued expensesStart of year $355,427$323,975
X-25 Other liabilitiesStart of year $454,850$462,479
X-26 Total liabilitiesStart of year $2,070,332$1,985,504
X-27 Net assets without donor restrictionsStart of year $665,158$637,318
X-32 Total net assets or fund balancesStart of year $665,158$637,318
X-33 Total liabilities and net assetsStart of year $2,735,490$2,622,822
Part XI · Reconciliation of net assets $637,318 net assets at year end
XI-1 Total revenue$725,635
XI-2 Total expenses$753,475
XI-3 Revenue less expenses−$27,840
XI-4 Net assets at start of year$665,158
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$637,318

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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