Caribbean Integration Community Development INC EIN 45-2512605 Form 990 (PDF) Claim this org

Caribbean Integration Community Development INC

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Builds and preserves affordable housing and supports Caribbean businesses in Boston. For fiscal year 2024 it reported $1.5M in revenue, $624K in expenses, and $1.1M in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Boston, MA
Website
www.cicdofboston.org
Filings
6 on file (2018–2024)
Revenue
$1.5MFY2024
Expenses
$624K
Net assets
$1.1M
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  45-2512605 Public charity (501(c)(3)) Boston, MA
Form 990 (PDF)
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Size
$1–10M
What they do
Builds and preserves affordable housing and supports Caribbean businesses in Boston.
Leadership
Donald Alexis · President · $177K
Money in and out
$1.5M revenue, $624K expenses
Bottom line
67% program efficiency
Where the money goes · FY2024
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$624K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $862K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.29 Fundraising $0.04
Program efficiency
67%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
2.4mo
months of highly liquid reserves at operating expense rate▼ -27% vs prior filing year
Surplus margin
+58%
revenue over expenses, this year▲ +787% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.5M
FY2024▲ +163%
Expenses
$624K
FY2024▲ +18%
Total assets
$1.8M
FY2024▲ +380%
Total liabilities
$702K
FY2024▲ +456%
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$624K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$862K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCaribbean Integration Community Development INC
EINHdr · item D45-2512605
Principal addressHdr · item CBoston, MA
WebsiteHdr · item Jwww.cicdofboston.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFFeb 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$176,799Pt VII · Sec A
President
$133,600Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Donald Alexis’s $177K as President is at the 58th percentile of top reported officer pay among 2834 $1–10M community development 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

NameFY2024FY2023FY2022FY2021
Donald Alexis$176,799$206,075$129,197$45,250
Donald Alexis$133,600

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.

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Mission & Programs · Part III

Where the work happens

2 program services account for $418K of program spending, described in the organization's own filed words · FY2024.
01

Real Estate Projects

COTE Village, Morton Station Villeage,329 Blue Hill Ave and 150 River street: Assisting in the construction rehabilitation and preservation of low and moderate income housing.

$277Kprogram expense
02

Received Grants in assisting in the construction low and moderate income housing, supporting job creation and job training programs to increase availablity of employment in the community as well as assisting the development and sustainable growth of Caribbean business enterprise in greater Boston.

$141Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$1.2M · 78%
Program service revenue$299K · 20%
Other revenue$33K · 2%
Contributions & grants78%$1.2M
Program service revenue20%$299K
Other revenue2%$33K
Investment income$38
— government grantsLn 1e$1.2M
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.29 Fundraising $0.04
Program services67%$418K
Management & general29%$179K
Fundraising4%$27K
Total functional expensesLn 25$624K

Balance Sheet

Part X · end of year
CashLn 1$125K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$702K
Total net assetsLn 32$1.1M
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $125K · Operating expenses/yr $624K
2.4 months
Where the money goes
Program services
Program services $418K · Total expenses $624K
67%
Management & General
Management & general $179K · Total expenses $624K
29%
Fundraising
Fundraising $27K · Total expenses $624K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $33K · Solicited contributions (3-yr avg) $39K
$0.84 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $1.5M
78%
Government reliance
Government grants $1.2M · Total revenue $1.5M
78%
Earned-income share
Program service revenue $299K · Total revenue $1.5M
20%
Investment reliance
Investment income $38 · Total revenue $1.5M
<0.01%
Program self-sufficiency
Program service revenue $299K · Total expenses $624K
48%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $565K
+163%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $624K
+58%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
Net-asset ratio
Net assets $1.1M · Total assets $1.8M
61%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Donald Alexis · Reported title President · Highest reported compensation $177K · Total expenses $624K
28%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $233K · Total expenses $624K
37%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 29%
Fundraising cost ratio 2%
Revenue growth 163%
Legal fee ratio 2%
Accounting fee ratio 5%
Fundraising fee ratio 0.3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$75K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.5M revenue · viewing · ⤓ 990 PDF
FY2023$565K revenue · ⤓ 990 PDF
FY2022$553K revenue · ⤓ 990 PDF
FY2021$94K revenue · ⤓ 990 PDF
FY2020$160K revenue · ⤓ 990 PDF
FY2019not on file
FY2018$23K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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