Bphc Northampton Development Corp Inc

Nonprofit profile at a glance

EIN
611717943
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Boston, MA, USA
Phone
6175389640
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Support N.E.C.

Reported finances

Revenue
$659,080
Expenses
$474,763
Assets
$20,901,406
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • TIMOTHY HARRINGTON (PRESIDENT/CLERK/DIRECTOR)

People named in this filing

  • TIMOTHY HARRINGTON (PRESIDENT/CLERK/DIRECTOR)
  • BATOOL RAZA (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organizations mission is to promote social welfare by bringing about civic betterments and social improvements by lessoning the burdens on government and helping to provide affordable housing to residents of the city of boston, thereby relieving the poor and distressed. Over the last 10 years we have helped rehabilitate and maintain 347 residential units, of which, 265 are affordable to residents making 60% of the area median income or less and 82 units that are affordable to residents making no more than 70% of area median income on our northampton square campus. We also provide services for the homeless.

What it reported doing in 2024

To promote civic betterments, social improvements by helping to provide affordable low-income housing in the city of boston on the northampton square campus, without burdening the government. For purposes of rehabilitating two buildings, 347 units owned by the boston public health commission ("bphc"), two for-profit partnerships entered into capital leases for the two buildings, and raised the funds to do a significant rehabilitation of the two buildings. Program revenue is received from the partnerships in the form of lease payments as well as accrued interest on loans provided through the sale of state low income housing tax credits that are due upon maturity. Once the organization receives the lease payments that are contingent on cash available from the partnerships, cash payments are paid out to the bphc to fund programs for the homeless and other services. A schedule r is attached to disclose the related party. During this year the payments in the amount of $474,763 were paid to the bphc for the program services.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Affiliate network. The nonprofit sent 100% of its reported program spending through affiliated organizations.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 88
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72%; rating input score 72
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 28%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 44.02; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: -26.2% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -22.3% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -0.1% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 72% of revenue deployed · 100% of spending went to programs
  • Governance: 2 of 2 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $475K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 10 of 10 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.