Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2019.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
What each dollar paid for.
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
10 people listed on the 990; $71K paid to officers and key staff.
Matthew Leonardkirk Avenue LLC’s $71K as Executive Director (thru 8/7/24) is at the 7th percentile of top reported officer pay among 2833 $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 · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2023 |
|---|---|---|---|
| Matthew Leonardkirk Avenue LLC | $70,833 | $105,000 | $97,500 |
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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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 15aYes
Programs and updates
Rebuilds and improves waterfront properties in Cambridge for community benefit.
Questions for Cambridge Waterfront Development INC
Your first name shows with your question. Cambridge Waterfront Development INC answers here, for everyone.
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To promote and facilitate the redevelopment of certain properties along and adjacent to the city of cambridge waterfront.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $585K | $1.2M |
| InvestmentsLn 11–13 | $7.4M | $8.1M |
| Total assetsLn 16 | $8.4M | $9.9M |
| LiabilitiesLn 26 | $894K | $1.4M |
| Net assetsLn 32 | $7.5M | $8.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Accounting feesLn 11c | $28K | $28K | ||
| Other fees for servicesLn 11g | $453K | $453K | ||
| Advertising and promotionLn 12 | $6K | $6K | ||
| Office expensesLn 13 | $1K | $1K | ||
| Information technologyLn 14 | $6K | $6K | ||
| OccupancyLn 16 | $4K | $4K | ||
| TravelLn 17 | $514 | $514 | ||
| Conferences, conventions and meetingsLn 19 | $340 | $340 | ||
| InsuranceLn 23 | $39K | $39K | ||
| Other expenses (24a–d)Ln 24 | $6K | $6K | ||
| Total functional expensesLn 25 | $543K | $0 | $543K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $2.8M | $232K | $2.6M | $11.1M | 990 PDF |
| FY2024 Viewing | $1.5M | $543K | $943K | $8.5M | 990 PDF |
| FY2023 | $4.4M | $282K | $4.1M | $7.2M | 990 PDF |
| FY2022 | $3.0M | $85K | $2.9M | $3.1M | 990 PDF |
| FY2021 | $60K | $152K | −$92K | $76K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,486,679 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 2 to look at
Part VIII · Statement of revenue $1,486,679 across 6 lines filed
Part IX · Statement of functional expenses $543,345 across 10 lines filed
Part X · Balance sheet $9,910,637 assets, 12 lines filed
Part XI · Reconciliation of net assets $8,461,249 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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