Fenway Community Development Corp
- Assets
- $50.7m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 21
- Location
- Boston, MA
- Founding
- 01/1980
- Data as of
- 12/2022
- EIN
- 04-2666507
Organization Overview
Fenway Community Development Corp is located in Boston, MA. The organization was established in 1980. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Fenway Community Development Corp employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fenway Community Development Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Fenway Community Development Corp generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.3% each year . All expenses for the organization totaled $5.9m during the year ending 12/2022. While expenses have increased by 21.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FENWAY CDC IMPROVED THE ECONOMIC AND SOCIAL WELL-BEING OF LOW-INCOME AND MODERATE-INCOME RESIDENTS. WE HELP THEM ACCESS AFFORDABLE HOUSING, SOCIAL SERVICES, EDUCATION, JOB SKILLS TRAINING, EMPLOYMENT, FINANCIAL COACHING, FRESH HEALTHY FOOD, HEALTH & WELLNESS PROGRAMS, HOME-BUYING EDUCATION, AND COMMUNITY EVENTS. FENWAY CDC CONTINUED TO PROVIDE CRITICAL SERVICES TO HELP COMMUNITY RESIDENTS BUILD STRONGER PATHWAYS TO ECONOMIC SECURITY. THROUGH CIVIC ENGAGEMENT AND PARTNERSHIPS, WE CONTINUED TO PRESERVE AND CREATE AFFORDABLE HOUSING, PREVENT EVICTION AND HOMELESSNESS, AND ADVOCATE FOR IMPROVEMENTS IN THE CITY'S HOUSING POLICY TO ENSURE AFFORDABILITY CITYWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL PROPERTIES - IN 2022, OUR WHOLLY-OWNED RENTAL PROPERTIES INCLUDED: 15-25 HEMENWAY HOUSING WHICH IS A 24 UNIT MIXED INCOME HOUSING DEVELOPMENT; FENWAY APARTMENTS, LLC WHICH COMPRISES 22 UNITS OF AFFORDABLE HOUSING; NEW FENWAY WESTLAND, LLC WHICH IS A 96 UNIT MIXED INCOME HOUSING DEVELOPMENT. ADDITIONALLY, THROUGH OUR HOUSING DEVELOPMENT AND ASSET MANAGEMENT PROGRAMS, FENWAY CDC CONTROLS FIVE OTHER AFFORDABLE HOUSING PROPERTIES. FENWAY CDC ALSO PURSUED OPPORTUNITIES TO PRESERVE EXISTING AND BUILD NEW AFFORDABLE HOUSING AS DESCRIBED IN SCHEDULE O UNDER OTHER PROGRAM SERVICES.
COMMUNITY PLANNING & ORGANIZING - IN 2022, FENWAY CDC WORKED WITH RESIDENTS, NON-PROFITS, AND CITY OFFICIALS TO RECOMMEND IMPROVEMENTS IN THE CITY AND STATE'S 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 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 RESIDENTS AT-RISK ABOUT HOMELESSNESS PREVENTION, TENANTS RIGHTS, AND SUPPORTED COMMUNITY EFFORTS TO ENSURE EQUITABLE ACCESS TO PUBLIC TRANSPORTATION.
AFFORDABLE HOUSING PRESERVATION AND DEVELOPMENT - IN 2022, FENWAY CDC PROVIDED OVER 650 RESIDENTS WITH SAFE AND AFFORDABLE HOMES. WE BEGAN CONSTRUCTION ON THE BURBANK TERRACE, LLC SITE WHICH IS BEING DEVELOPED INTO 27 UNITS OF AFFORDABLE HOUSING IN 2022-2024. WE PURSUED OPPORTUNITIES TO BUILD AND PRESERVE NEW AFFORDABLE HOUSING. FENWAY CDC COLLABORATED WITH DEVELOPERS AND INSTITUTIONS TO FORGE HOUSING PARTNERSHIPS TO CREATE FUTURE HOUSING TO MEET THE NEEDS OF LOW- AND MODERATE-INCOME FAMILIES & INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikki Flionis President/board Member | OfficerTrustee | 2 | $0 |
Mathew Thall Vp/board Member | OfficerTrustee | 2 | $0 |
Timothy Coakley Treasurer/board Member | OfficerTrustee | 2 | $0 |
Mia Jean-Sicard Clerk/board Member | OfficerTrustee | 2 | $0 |
Gregory Paulson Haig Board Member | Trustee | 1 | $0 |
Joanne Mckenna Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Endpoint Llc Environmental Consultant | 12/30/18 | $124,676 |
Holland And Knight Llp Legal Services | 12/30/18 | $115,130 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $180,000 |
| Membership dues | $0 |
| Fundraising events | $190,800 |
| Related organizations | $0 |
| Government grants | $38,686 |
| All other contributions, gifts, grants, and similar amounts not included above | $683,314 |
| Noncash contributions included in lines 1a–1f | $2,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,092,800 |
| Total Program Service Revenue | $4,516,176 |
| Investment income | $46,362 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$26,845 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,660,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $303,634 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $146,156 |
| Compensation of current officers, directors, key employees. | $14,616 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $914,385 |
| Pension plan accruals and contributions | $15,053 |
| Other employee benefits | $93,178 |
| Payroll taxes | $79,274 |
| Fees for services: Management | $168,578 |
| Fees for services: Legal | $12,009 |
| Fees for services: Accounting | $114,942 |
| Fees for services: Lobbying | $1,554 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $634,161 |
| Advertising and promotion | $6,760 |
| Office expenses | $103,394 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,272,409 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $766,341 |
| Insurance | $1,903 |
| All other expenses | $0 |
| Total functional expenses | $5,857,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,062,847 |
| Savings and temporary cash investments | $4,186,264 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,662 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $94,124 |
| Net Land, buildings, and equipment | $40,597,285 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $886,312 |
| Intangible assets | $0 |
| Other assets | $2,726,706 |
| Total assets | $50,666,200 |
| Accounts payable and accrued expenses | $980,520 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $26,981,840 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,641,190 |
| Total liabilities | $39,603,550 |
| Net assets without donor restrictions | $10,997,210 |
| Net assets with donor restrictions | $65,440 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $50,666,200 |
Grants Awarded
Over the last fiscal year, Fenway Community Development Corp has awarded $206,250 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON TENANT COALITION INC PURPOSE: AS PART OF CHEERS COALITION, WORK TO ADVANCE HOUSING POLICIES TO PREVENT DISPLACEMENT AND HOMELESSNESS, ADDRESS RACIAL INEQUITIES, CREATE AND PRESERVE AFFORDABLE HOUSING, AND EMPOWER COMMUNITIES. | $50,000 |
HOMES FOR FAMILIES INC PURPOSE: AS PART OF CHEERS COALITION, WORK TO ADVANCE HOUSING POLICIES TO PREVENT DISPLACEMENT AND HOMELESSNESS, ADDRESS RACIAL INEQUITIES, CREATE AND PRESERVE AFFORDABLE HOUSING, AND EMPOWER COMMUNITIES. | $25,000 |
MASSACHUSETTS LAW REFORM INSTITUTE PURPOSE: AS PART OF CHEERS COALITION, WORK TO ADVANCE HOUSING POLICIES TO PREVENT DISPLACEMENT AND HOMELESSNESS, ADDRESS RACIAL INEQUITIES, CREATE AND PRESERVE AFFORDABLE HOUSING, AND EMPOWER COMMUNITIES. | $25,000 |
THE FENWAY ALLIANCE INC PURPOSE: AS PART OF "WE'RE HERE FOR YOU: FENWAY/KENMORE COMMUNITY COLLECTIVE" PROVIDING LOW-TO-MODERATE INCOME RESIDENTS WITH: 1) COMMUNITY HEALTH NAVIGATION SERVICES TO INCREASE HEALTHCARE ACCESS; 2) FINANCIAL COACHING, REFERRAL SERVICES, COUNSELING, AND CASE MANAGEMENT TO ACHIEVE GREATER ECONOMIC SECURITY; AND 3) LEADERSHIP DEVELOPMENT PROGRAM AND OPPORTUNITIES (TRAIN, MENTOR, EMPOWER, AND ENGAGE) VIA FENWAY CARES TO EXPAND COMMUNITY LEADERSHIP FOR FOOD ACCESS PROGRAM DISPLACEMENT AND HOMELESSNESS, ADDRESS RACIAL INEQUITIES, CREATE AND PRESERVE AFFORDABLE HOUSING, AND EMPOWER COMMUNITIES. | $10,000 |
FENWAY COMMUNITY HEALTH CENTER INC PURPOSE: AS PART OF "WE'RE HERE FOR YOU: FENWAY/KENMORE COMMUNITY COLLECTIVE" PROVIDING LOW-TO-MODERATE INCOME RESIDENTS WITH: 1) COMMUNITY HEALTH NAVIGATION SERVICES TO INCREASE HEALTHCARE ACCESS; 2) FINANCIAL COACHING, REFERRAL SERVICES, COUNSELING, AND CASE MANAGEMENT TO ACHIEVE GREATER ECONOMIC SECURITY; AND 3) LEADERSHIP DEVELOPMENT PROGRAM AND OPPORTUNITIES (TRAIN, MENTOR, EMPOWER, AND ENGAGE) VIA FENWAY CARES TO EXPAND COMMUNITY LEADERSHIP FOR FOOD ACCESS PROGRAM DISPLACEMENT AND HOMELESSNESS, ADDRESS RACIAL INEQUITIES, CREATE AND PRESERVE AFFORDABLE HOUSING, AND EMPOWER COMMUNITIES. | $76,250 |
OPERATION PEACE NORTHEAST INC PURPOSE: AS PART OF "WE'RE HERE FOR YOU: FENWAY/KENMORE COMMUNITY COLLECTIVE" PROVIDING LOW-TO-MODERATE INCOME RESIDENTS WITH: 1) COMMUNITY HEALTH NAVIGATION SERVICES TO INCREASE HEALTHCARE ACCESS; 2) FINANCIAL COACHING, REFERRAL SERVICES, COUNSELING, AND CASE MANAGEMENT TO ACHIEVE GREATER ECONOMIC SECURITY; AND 3) LEADERSHIP DEVELOPMENT PROGRAM AND OPPORTUNITIES (TRAIN, MENTOR, EMPOWER, AND ENGAGE) VIA FENWAY CARES TO EXPAND COMMUNITY LEADERSHIP FOR FOOD ACCESS PROGRAM DISPLACEMENT AND HOMELESSNESS, ADDRESS RACIAL INEQUITIES, CREATE AND PRESERVE AFFORDABLE HOUSING, AND EMPOWER COMMUNITIES. | $10,000 |