South Boston Neighborhood Development Corporation
Nonprofit profile at a glance
- EIN
- 043023407
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- South Boston, MA, USA
- Phone
- 6172689610
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $2,820,681
- Expenses
- $2,326,922
- Assets
- $29,809,175
- Liabilities
- $14,389,865
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- ROBERT MONAHAN (PRESIDENT)
- DONNA BROWN (EXECUTIVE DIRECTOR)
Highest reported compensation
- DONNA BROWN (EXECUTIVE DIRECTOR): $104,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
South boston ndc seeks to improve the quality of life in the neighborhood by preserving and creating affordable housing and by addressing issues that affect resident health and the livability of south boston.south boston ndc was established to: ensure that the development and use of available land meets the desires of south boston residents and preserves and improves the residential quality of south boston's neighborhoods.participate in partnerships with local human service providers to coordinate the provision of affordable housing and services.increase the permanent job opportunities for south boston residents by encouraging and initiating economic development projects.foster an environment free of prejudice and discrimination in south boston so that all residents may attain peaceful and safe enjoyment of their homes and neighborhood.participate with south boston businesses and financial institutions to facilitate the creation of affordable housing and job opportunities.
What it reported doing in 2024
Management of affordable housing. This involves rehab of units as well as renting and maintaining affordable housing.
Operating model
- Revenue model
- Earned-program. 85% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 71
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.4%; rating input score 69
- Program expense ratio: 84.2%; rating input score 84
- Fundraising efficiency: $5.51 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings
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: Yes; rating input score 100
- 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: Fail
- Document-retention policy: Pass
- CEO compensation review process: Fail
- 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: 17.5%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 12.81; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.48; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 4.5%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: 10% per year; rating input score 100; 64th percentile among comparable filings
- Revenue growth: 10.3% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 19.3% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: 69.4% of revenue deployed · 84.2% of spending went to programs
- Governance: 8 of 8 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2M in reported program spending
- Leadership: top reported pay $104K · 9 people listed
- Highest-paid contractors: 1 contractor listed · $276K reported
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 8 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 2 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.
- High — Financial Efficiency: Fundraising efficiency scored 19/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.