Community Development Corporation of Boston Inc
Nonprofit profile at a glance
- EIN
- 042474855
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Boston, MA, USA
- Phone
- 6174422114
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $171,806
- Expenses
- $368,433
- Assets
- $6,460,050
- Liabilities
- $1,340,523
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- JAMES S DILDAY (PRESIDENT/CE)
Highest reported compensation
- JAMES S DILDAY (PRESIDENT/CE): $85,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization's mission is to assist the underserved people of the city of boston to achieve and maintain quality housing regardless of their income as well as to assist work with and provide job training and other useful tools for those underserved people in the boston community. Cdc of boston primarily works in the areas of roxbury, dorchester, and mattapan.
What it reported doing in 2024
The organization owns a building at 465 columbia road in dorchester which consists of eleven one bedroom units and a small office. All the units are leased to the pine street inn and the building is managed by the pine street inn.
Operating model
- Revenue model
- Earned-program. 86% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 49
- Transparency & Controls: 90
- Accountability: 64
- Sustainability: 33
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.8%; rating input score 66
- Program expense ratio: 35.6%; rating input score 36
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 83.3%; rating input score 83; 22nd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -114.4%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 17.53; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 23.1%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: -6.7% per year; rating input score 0; 14th percentile among comparable filings
- Revenue growth: 1% per year; rating input score 100; 29th percentile among comparable filings
- Asset growth: -0.4% per year; rating input score 0; 23rd percentile among comparable filings
Details
- Where the money goes: 65.8% of revenue deployed · 35.6% of spending went to programs
- Governance: 5 of 6 board members independent · 3 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $131K in reported program spending
- Leadership: top reported pay $85K · 6 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 3 filed schedules
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Moderate — Financial Efficiency: Program expense ratio scored 36/100.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 16/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.