Fenway Community Development Corporation

Nonprofit profile at a glance

EIN
042666507
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Boston, MA, USA
Phone
6172674637
Rating
79
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Housing Rehabilitation

Official website

Reported finances

Revenue
$9,792,255
Expenses
$7,226,614
Assets
$67,251,784
Liabilities
$52,575,136

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

Leadership & pay

24 people listed

Executive titles in this filing

  • NIKKI FLIONIS (PRESIDENT/BOARD MEMBER (UNTIL 4/24))
  • STEVEN FARRELL (EXECUTIVE DIRECTOR (AS OF 3/24))
  • LEAH CAMHI (EXECUTIVE DIRECTOR (UNTIL 4/24))

Highest reported compensation

  • SUNEETH JOHN (DEPUTY DIR. & HEAD OF REAL ESTATE): $223,411 total reported compensation
  • STEVEN FARRELL (EXECUTIVE DIRECTOR (AS OF 3/24)): $158,375 total reported compensation
  • LIAN KIM TAN-HARD (DIRECTOR OF DEVT. & MKTG.): $119,804 total reported compensation

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

Overview

Mission

Fenway cdc works to preserve the fenway as a vibrant and diverse neighborhood by developing affordable housing, providing programs that enrich lives, and strengthening community voices.

What it reported doing in 2024

Community planning & organizing in 2024, fenway cdc worked with residents, non-profits, and city officials to recommend improvements in the city and state's affordable housing policies to prevent displacement and homelessness, address racial inequities, create and preserve affordable housing, and empower communities. Our efforts addressed the challenges of high property acquisition costs and the need for more affordable housing to meet the needs of low- and moderate-income residents. Resident leaders learned to effectively communicate with city and state officials about affordable housing policies and programs. They also monitored the developments of private developers, hospitals, and universities and shared comments at community meetings to mitigate any negative development impact on the residential area. Fenway cdc also educated at-risk residents about homelessness prevention, tenants rights, and supported community efforts to ensure equitable access to public transportation.

Operating model

Revenue model
Earned-program. 71% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

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 liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 80
  • Accountability: 100
  • Sustainability: 71
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62.6%; rating input score 63
  • Program expense ratio: 89.4%; rating input score 89
  • Fundraising efficiency: $5.12 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 68.9%; rating input score 69; 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 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 26.2%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 9.31; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.78; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 8.3%; rating input score 36; 36th percentile among comparable filings

Growth

  • Program expense growth: 21.2% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: 16.8% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 16% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 62.6% of revenue deployed · 89.4% of spending went to programs
  • Governance: 13 of 13 board members independent · 8 of 8 filing controls reported
  • Programs: 5 filed program accomplishments · $6.5M in reported program spending
  • Leadership: top reported pay $223K · 24 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $3.1M reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 27 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Financial Efficiency: Fundraising efficiency scored 18/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 36/100.