Nuestra Comunidad Development Corp

Nonprofit profile at a glance

EIN
042741543
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Roxbury, MA, USA
Phone
6179891223
Rating
75
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$5,255,719
Expenses
$6,389,795
Assets
$30,559,988
Liabilities
$22,045,855

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

Leadership & pay

14 people listed

Executive titles in this filing

  • DONNA M CRAMER (BOARD PRESIDENT)
  • EVELYN FRIEDMAN (INTERIM EXECUTIVE DIRECTOR)
  • N PAUL TONTHAT (FORMER EXECUTIVE DIRECTOR)

Highest reported compensation

  • DIANE CLARK (DIRECTOR OF RE): $181,470 total reported compensation
  • N PAUL TONTHAT (FORMER EXECUTIVE DIRECTOR): $163,531 total reported compensation
  • EVELYN FRIEDMAN (INTERIM EXECUTIVE DIRECTOR): $45,632 total reported compensation

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

Overview

Mission

Nuestra comunidad is devoted to building the wealth and enhancing the physical, economic, and social well-being of roxbury and other underserved populations in greater boston through a community-driven process that promotes self-sufficiency and neighborhood well-being of roxbury and other underserved populations in greater boston through a community-driven process that promotes self-sufficiency and neighborhood revitalization.a non-profit small business, nuestra is one of boston's oldest and most successful community development corporations. Since 1981, nuestra has been a catalyst in the redevelopment of the dudley square, roxbury, and north dorchester neighborhoods. Led by a community-based board, nuestra is in the business of creating communities of opportunity and equity for residents and businesses, where they can have a stable home, increase their income, improve neighborhood health and gain wealth.

What it reported doing in 2024

Asset management and resident services lines of business: the asset management program creates action plans tailored for each rental property detailing the key challenges facing the property and the strategy for addressing these challenges. In recent years, the agency has refinanced first mortgages to take advantage of lower interest rates resulting in increased cash flow and freeing up resources for needed repairs and essential resident services. The agency seeks out capital funds for needed repairs and raises funds from each property's reserves and cash flow for these repairs. During the year ended december 31, 2024, asset management activity accounted for approximately 1% of total program expenditures.the resident services program focuses on the residents, both living in the agency's properties and the surrounding underserved neighborhoods by providing community building services that help residents improve the quality of life for their households and their neighborhoods and simultaneously develop neighborhood residents' capacity to lead community development. Outcomes include empowering residents to have pride in their community, and that sustainable businesses meet the needs of community residents and attract other businesses.

Operating model

Revenue model
Earned-program. 73% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 99% 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 - 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: 72
  • Transparency & Controls: 77
  • Accountability: 90
  • Sustainability: 34
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82%; rating input score 82
  • Program expense ratio: 67.3%; rating input score 67
  • Fundraising efficiency: $8.86 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -21.6%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 4.78; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0.72; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 6.1%; rating input score 46; 46th percentile among comparable filings

Growth

  • Program expense growth: 5.3% per year; rating input score 100; 41st percentile among comparable filings
  • Revenue growth: -0.2% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: 3.8% per year; rating input score 100; 28th percentile among comparable filings

Details

  • Where the money goes: 82% of revenue deployed · 67.3% of spending went to programs
  • Governance: 11 of 11 board members independent · 6 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $4.3M in reported program spending
  • Leadership: top reported pay $181K · 14 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $1.7M reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 6 filed schedules · includes grants and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 57 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 34/100.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • Moderate — Sustainability: Officer compensation ratio scored 46/100.