Dudley Street Neighborhood Initiative Inc

Overview

Mission

Empower dudley residents to organize, plan for, create and control a vibrant, diverse and high quality neighborhood in collaboration with community partners.

What it reported doing in 2024

Sustainable economic development engages residents, community partners and other stakeholders in planning and controlling the physical and economic development of the neighborhood in order to move towards the vision of a vibrant and thriving community.

Operating model

Revenue model
Donor-supported. 80% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 49% for direct work, and 51% for grants.

Nonprofit profile at a glance

EIN
042859066
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Headquarters
Roxbury, MA, USA
Phone
6174429670
Rating
79
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Urban, Community Economic Development

Official website

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 88
  • Accountability: 95
  • Sustainability: 67
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.6%; rating input score 62
  • Program expense ratio: 81.8%; rating input score 82
  • Fundraising efficiency: $16.01 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 66.6%; rating input score 67; 18th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 26.4%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 2.03; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 61; 61st percentile among comparable filings
  • Officer compensation ratio: 10.4%; rating input score 29; 29th percentile among comparable filings

Growth

  • Program expense growth: -3.6% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: 3% per year; rating input score 100; 27th percentile among comparable filings
  • Asset growth: 25% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 61.6% of revenue deployed · 81.8% of spending went to programs
  • Governance: 31 of 31 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2.2M in reported program spending
  • Leadership: top reported pay $116K · 34 people listed
  • Consistency: 34 of 35 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and related organizations
  • Filing history: 10 annual filings from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 15 filed money-flow records
  • Related organizations: 16 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

34 people listed

Highest reported compensation

  • JOHN SMITH (EXECUTIVE DIRECTOR): $116,003 total reported compensation
  • SAKEENAH BANDA (PROJECT MANAGER, MIT HTA): $110,423 total reported compensation
  • SHEILA DUNNE (CFO): $105,338 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.