philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Ferdinand Building Development Corp FY2020 filing

Tax-deductible

Boston, MA501(c)(3)Education EIN 45-3587147Revenue $2.0M in FY2020Latest return filed Apr 17, 2026

On file with the IRScityofboston.govBoston, MATax-exempt since Dec 2011Supporting org, Type I — 509(a)(3)

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $1,000 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

To stimulate new economic Development in one of boston's most underdeveloped neighborhoods, as well as to locate a new boston public schools ("bps") headquarter in the demographic center of boston's school population. The most significant activities have been to acquire the site, finance, construct and lease a 215,000 square foot Building in dudley square in boston, ma, to be occupied by bps, and leased to the city of boston.

501(c)(3) charity; gifts are tax-deductible.
5¢ 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average deficit $4.0M a year · 303% of revenue · last 6 filings
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
5%
of spending
5% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
0.6 mo
of spending, in cash
0.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10.3M
135% of total assets
Liabilities are 135% of assets.
Pt X · Ln 26
Independent board members
0
of 3 voting members
None of 3 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$2.0M
Spent
$31.0M
To programs
5%
Net assets
−$2.7M
By yearFY2020–FY2025
Revenue
$2.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$5.1M
FY2022$172K
FY2023$163K
FY2024$234K
FY2025$236K
Expenses
$31.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$31.0M
FY2021$310K
FY2022$269K
FY2023$96K
FY2024$2K
FY2025$8K
Net assets
−$2.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$2.7M
FY2021$2.1M
FY2022$2.1M
FY2023$2.1M
FY2024$2.4M
FY2025$2.6M

From the FY2020 Form 990 (year ending June 2020) · see the original

Visit site Support Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2011.

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

Where the money goes

5 cents of each dollar spent went to programs.

Program services 5% · $1.7M Management & general 95% · $29.3M

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

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Emme Handy
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ferdinand Building Development Corp executive salaries →

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

Develops economic opportunities and builds a new school headquarters in an underserved Boston neighborhood.

Questions for Ferdinand Building Development Corp

Tap to ask. Ferdinand Building Development Corp sees how many people are interested.

Your first name shows with your question. Ferdinand Building Development Corp answers here, for everyone.

1 program · $1.7M · in their own filed words · FY2019
01

To stimulate new economic development in one of boston's most underdeveloped neighborhoods, as well as to locate a new boston public schools ("BPS") headquarter in the demographic center of boston's school population.

$1.7Mprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$2.0M
Money outPt IX
$31.0M
Ln 25
Programscol B$1.7M
Managementcol C$29.3M
Owns and owesPt X
−$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$7.7M
LiabilitiesLn 26$10.3M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.0M
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$1.6M
SavingsLn 2$1K
Cash and savings togetherLn 1–2$1.6M
Accounts receivableLn 4$6.1M
Other assetsLn 15$7
Total assetsLn 16$7.7M
LiabilitiesLn 26$10.3M
Net assetsLn 32−$2.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJune
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$1.5M$1.6M
Total assetsLn 16$35.2M$7.7M
LiabilitiesLn 26$8.8M$10.3M
Net assetsLn 32$26.4M−$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$38K$38K
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$148$148
Other fees for servicesLn 11g$27K$27K
OccupancyLn 16$1.6M$1.6M
Other expenses (24a–d)Ln 24$29.3M$13K$29.3M
Total functional expensesLn 25$31.0M$1.7M$29.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 17, 2026 $236K$8K$227K$2.6M 990 PDF
FY2024Filed with the IRS Apr 24, 2025 $234K$2K$232K$2.4M 990 PDF
FY2023Filed with the IRS May 13, 2024 $163K$96K$67K$2.1M 990 PDF
FY2022Filed with the IRS May 15, 2023 $172K$269K−$96K$2.1M 990 PDF
FY2021Filed with the IRS May 11, 2022 $5.1M$310K$4.8M$2.1M 990 PDF
FY2020 ViewingFiled with the IRS Apr 14, 2021 $2.0M$31.0M−$29.0M−$2.7M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $1,983,727 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $2,213,304$1,983,727
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,213,304$1,983,727
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 $1,675,503$30,997,779
I-18 Total expensesPrior year $1,675,503$30,997,779
I-19 Revenue less expensesPrior year $537,801−$29,014,052
Part VI · Governance 0 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
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 $1,983,727 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,983,727$1,983,727
VIII-12 Total revenueRelated to mission $1,983,727 · Unrelated business $0 · Excluded from tax $0$1,983,727
Part IX · Statement of functional expenses $30,997,779 across 6 lines filed
IX-11b Legal feesPrograms $38,300$38,300
IX-11c Accounting feesPrograms $5,625$5,625
IX-11f Investment management feesPrograms $148$148
IX-11g Other fees for servicesPrograms $27,345$27,345
IX-16 OccupancyPrograms $1,580,786$1,580,786
IX-24 Other expenses (24a–d)Programs $12,661 · Management $29,332,914$29,345,575
IX-25 Total functional expensesPrograms $1,664,865 · Management $29,332,914 · Fundraising $0$30,997,779
Part X · Balance sheet $7,661,975 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,453,127$1,602,415
X-2 Savings and temporary cash investmentsStart of year $33,300$1,088
X-4 Accounts receivableStart of year $4,291,804$6,058,465
X-15 Other assetsStart of year $183$7
X-16 Total assetsStart of year $35,154,828$7,661,975
X-17 Accounts payable and accrued expensesStart of year $8,696,075$5,658
X-19 Deferred revenue$9,616,866
X-25 Other liabilitiesStart of year $104,364$699,114
X-26 Total liabilitiesStart of year $8,800,439$10,321,638
X-27 Net assets without donor restrictionsStart of year $26,354,389−$2,659,663
X-32 Total net assets or fund balancesStart of year $26,354,389−$2,659,663
X-33 Total liabilities and net assetsStart of year $35,154,828$7,661,975
Part XI · Reconciliation of net assets −$2,659,663 net assets at year end
XI-1 Total revenue$1,983,727
XI-2 Total expenses$30,997,779
XI-3 Revenue less expenses−$29,014,052
XI-4 Net assets at start of year$26,354,389
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$2,659,663

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.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.