Jamaica Plain Neighborhood Development Corporation

Nonprofit profile at a glance

EIN
042652919
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Jamaica Plain, MA, USA
Phone
6175222424
Rating
82
Verdict
STRONG
Rating confidence
Standard
Sector
Community, Neighborhood Development

Reported finances

Revenue
$16,287,456
Expenses
$15,467,028
Assets
$60,358,022
Liabilities
$49,399,327

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

Leadership & pay

17 people listed

Executive titles in this filing

  • TERONDA ELLIS (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • TERONDA ELLIS (CHIEF EXECUTIVE OFFICER): $173,345 total reported compensation
  • REBECCA MAUTNER (VP OF REAL ESTATE DEVELOPMENT & ASSETS): $154,410 total reported compensation
  • ERIKA GUERRA (ASSOC. DIR. OF REAL ESTATE): $148,778 total reported compensation

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

Overview

Mission

Jpndc is a neighborhood development corporation which works closely with neighborhood residents, organizations, and businesses to carry out community development projects to benefit low income residents such as developing affordable housing, providing job services, and the economic development program reaches into the community to serve individuals, families and businesses in need of support and assistance. The types of services include, but are not limited to, a home-based child care program, job search and placement assistance, technical assistance for small businesses and financial stability programs for families.

What it reported doing in 2024

The real estate development program reaches into the community, with citizen involvement, to provide affordable housing for qualified individuals. Affordable housing is being created through the development of multiple sites in and around jp. While the company's primary goal is to provide affordable housing, development activities also include market rate housing, commercial and retail space in order to revitalize the community in a comprehensive manner. These real estate development projects are either wholly-owned by the company or are being developed together with various joint venture partners.

Operating model

Revenue model
Earned-program. 80% 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

STRONG - 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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 77
  • Accountability: 100
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.1%; rating input score 81
  • Program expense ratio: 85.7%; rating input score 86
  • Fundraising efficiency: $11.38 raised per $1 spent on fundraising; rating input score 42; 42nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • 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: Limited
  • 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; 66th percentile among comparable filings
  • Governance controls: 9 of 9 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: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 3.9; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0.82; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 6.2%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: 11% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: 10.5% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 47th percentile among comparable filings

Details

  • Where the money goes: 81.1% of revenue deployed · 85.7% of spending went to programs
  • Governance: 10 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $13.3M in reported program spending
  • Leadership: top reported pay $173K · 17 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $958K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 35 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.

Key Signals

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

  • Moderate — Financial Efficiency: Fundraising efficiency scored 42/100.
  • Review — Sustainability: Operating margin scored 54/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.
  • Moderate — Sustainability: Officer compensation ratio scored 41/100.