Massachusetts Association Of Community Development Corporation
- Assets
- $912.7k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 14
- Location
- Boston, MA
- Founding
- 12/1982
- Data as of
- 06/2022
- EIN
- 04-2759909
Organization Overview
Massachusetts Association Of Community Development Corporation is located in Boston, MA. The organization was established in 1982. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Massachusetts Association Of Community Development Corporation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Association Of Community Development Corporation 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 06/2022, Massachusetts Association Of Community Development Corporation generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 6.1% 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
SUPPORTING COMMUNITY BASED EFFORTS TO BUILD VIBRANT PLACES THAT PROVIDE ECONOMIC OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MEL KING INSTITUTE FOR COMMUNITY BUILDING (THE INSTITUTE), WHICH THE ASSOCIATION CO-FOUNDED AND OPERATES, FOSTERS VIBRANT AND THRIVING MASSACHUSETTS COMMUNITIES BY ADVANCING THE SKILLS, KNOWLEDGE AND LEADERSHIP ABILITY OF PROFESSIONAL PRACTITIONERS AND VOLUNTEER LEADERS IN THE COMMUNITY DEVELOPMENT FIELD. TO ACHIEVE ITS MISSION, THE INSTITUTE LEVERAGES COLLABORATIVE EDUCATIONAL PARTNERSHIPS THAT OFFER HIGH QUALITY LEARNING OPPORTUNITIES TO PROFESSIONALS AND VOLUNTEERS IN THE COMMUNITY DEVELOPMENT FIELD, ENCOURAGE INNOVATION, AND PROMOTE AND INSTITUTIONALIZE SYSTEMIC SUCCESS. IN ADDITION TO OFFERING COURSES AND WORKSHOPS, THE INSTITUTE OPERATES A NUMBER OF PROGRAMS, INCLUDING A MENTORING PROGRAM, A TRAINING PROGRAM FOR PUBLIC HOUSING TENANTS CALLED THE RESIDENT LEADERSHIP ACADEMY, AND THE ALLIANCE FOR RACIAL EQUITY.
THE COMMUNITY DEVELOPMENT POLICY PROGRAM AIMS TO HELP COMMUNITY DEVELOPMENT CORPORATIONS (CDCS) WITH THEIR HOUSING, ECONOMIC DEVELOPMENT, AND COMMUNITY DEVELOPMENT ACTIVITIES BY CREATING A SUPPORTIVE POLICY ENVIRONMENT. THIS INCLUDES WORKING WITH LOCAL, STATE, AND FEDERAL AGENCIES AND ELECTED OFFICIALS TO DESIGN AND FUND VARIOUS PROGRAMS AND IT ALSO INCLUDES WORKING WITH PRIVATE INTERMEDIARIES, BANKS, FOUNDATIONS, AND CORPORATIONS TO DEVELOP PROGRAMS AND ESTABLISH PARTNERSHIPS.
THE MEMBER INITIATIVES PROGRAM SEEKS TO STRENGTHEN THE CAPACITY OF THE ASSOCIATION'S MEMBER ORGANIZATIONS TO MEET THE VARIOUS NEEDS OF THEIR COMMUNITIES IN SUCH AREAS AS AFFORDABLE HOUSING, ECONOMIC DEVELOPMENT, SMALL BUSINESS DEVELOPMENT, RESIDENT SERVICES, COMMUNITY ORGANIZING AND FUNDRAISING. AS PART OF THIS PROGRAM, THE ASSOCIATION CONDUCTS PEER GROUPS TO SERVE AS LEARNING AND NETWORKING OPPORTUNITIES FOR PRACTITIONERS; COLLABORATES WITH OTHER ORGANIZATIONS TO OFFER TRAININGS AND DEVELOP PARTNERSHIPS; PROVIDES TECHNICAL ASSISTANCE TO LOCAL ORGANIZATIONS; COLLECTS AND SHARES INFORMATION ABOUT BEST PRACTICES IN THE FIELD; AND PROVIDES GROUP SPONSOREDINSURANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angie Liou Chair | OfficerTrustee | 2 | $0 |
Casey Starr Clerk | OfficerTrustee | 2 | $0 |
Colleen Loveless Director | Trustee | 1 | $0 |
David Christopolis Director | Trustee | 1 | $0 |
Diane Smith Director | Trustee | 1 | $0 |
Emilio Dorcely Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,568,297 |
| Investment income | $158 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $90,789 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,911,835 |
| Statement of Expenses | |
|---|---|
| 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. | $148,217 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $763,887 |
| Pension plan accruals and contributions | $45,700 |
| Other employee benefits | $87,384 |
| Payroll taxes | $70,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $122,063 |
| Fees for services: Lobbying | $62,188 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $280,897 |
| Advertising and promotion | $0 |
| Office expenses | $68,933 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100,514 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,806 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,819 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,846,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $368,374 |
| Savings and temporary cash investments | $316,676 |
| Pledges and grants receivable | $108,100 |
| Accounts receivable, net | $0 |
| 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 | $42,806 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,189 |
| Total assets | $912,733 |
| Accounts payable and accrued expenses | $121,298 |
| Grants payable | $0 |
| Deferred revenue | $32,750 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $154,048 |
| Net assets without donor restrictions | $608,685 |
| Net assets with donor restrictions | $150,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $758,685 |