Overview
What is Nuestra Comunidad Development Corp?
Nuestra Comunidad Development Corp is a long-established and successful nonprofit organization based in Boston, specifically in the underserved neighborhoods of Roxbury, Dorchester, and Mattapan. Their primary mission is to enhance the physical, economic, and social well-being of these communities through self-sufficiency and neighborhood revitalization. They achieve this by adding or preserving affordable housing, often in mixed-use properties, and fostering opportunities for residents to acquire assets and build equity through homeownership programs. Nuestra Comunidad also plans to develop market-rate housing to complement the existing affordable housing. Their community-driven approach aims to create stable and high-quality rental housing, ultimately leading to improved educational and economic outcomes. In summary, Nuestra Comunidad Development Corp is dedicated to building wealth and improving the living conditions of underprivileged communities in Greater Boston, focusing on Roxbury and its surrounding neighborhoods. By promoting self-sufficiency and revitalization, they strive to create opportunities for residents and businesses to establish a stable home, increase income, and improve neighborhood health.
Official website here: www.nuestracdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Nuestra Comunidad Development Corp has achieved a Three-Star rating on Charity Navigator, reflecting a strong score of 83% primarily in the Accountability & Finance category. This score indicates that the organization demonstrates a solid commitment to transparency and financial responsibility, with all board members being independent and a robust audit and oversight framework in place.
Strengths of the organization include its 100% independent board, which promotes unbiased decision-making, and a high program expense ratio of nearly 80%, indicating that a significant portion of its budget is directed towards mission-related activities. Additionally, the presence of various policies, including those for conflict of interest and whistleblowing, showcases a commitment to ethical governance and operational integrity.
However, the organization received a lower score in the liabilities to assets ratio, suggesting potential financial concerns that may need attention. While the overall accountability and governance aspects are commendable, addressing financial sustainability could further enhance its effectiveness and reliability in serving the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Nuestra Comunidad Development Corp?
86% of 12 reviewers on Facebook recommend Nuestra Comunidad Development Corp. Here is a summary of their reviews:
Some users express frustration due to a lack of responsiveness from the organization, particularly when seeking follow-up assistance after completing programs like the first-time home buyers class. One reviewer noted difficulty in reaching out through various channels and even visiting the office without receiving help, leading to concerns about needing to retake the class and incur additional costs.
Overall, while there are instances of dissatisfaction regarding communication, a majority still demonstrate support for the nonprofit's mission, suggesting that many appreciate the services offered when they can successfully engage with the organization.
This AI summary has been generated from reviews found on Facebook.
Is Nuestra Comunidad Development Corp legitimate?
Nuestra Comunidad Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nuestra Comunidad Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nuestracdc.org
What is the mission statement of Nuestra Comunidad Development Corp?
Nuestra Comunidad Development Corp is committed to enhancing the physical, economic, and social well-being of underserved populations in greater Boston. They achieve this through a community-driven process that promotes self-sufficiency and neighborhood revitalization. The organization, which is a non-profit small business, has been a catalyst for the redevelopment of Dudley Square, Roxbury, and North Dorchester neighborhoods since 1981. Led by a community-based board, Nuestra is dedicated to creating communities of opportunity and equity where residents and businesses can have a stable home, increase their income, improve neighborhood health, and gain wealth.
Official website here: www.nuestracdc.org
Who is the CEO of Nuestra Comunidad Development Corp?
N Paul Tonthat is the Board President of Nuestra Comunidad Development Corp.
Official website here: www.nuestracdc.org
What is the revenue of Nuestra Comunidad Development Corp?
Nuestra Comunidad Development Corp's revenue in 2021 was $3,915,933.
Official website here: www.nuestracdc.org
Who are the executives of Nuestra Comunidad Development Corp and what are their salaries?
There 15 volunteers at Nuestra Comunidad Development Corp.
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Official website here: www.nuestracdc.org
Where can I find the form 990 for Nuestra Comunidad Development Corp?
Nuestra Comunidad Development Corp's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.nuestracdc.org
Learn more at the official website: www.nuestracdc.org
Mission Statement of Nuestra Comunidad Development Corp
Nuestra Comunidad Development Corp is devoted to enhancing the physical, economic, and social well-being of underserved populations in Greater Boston. This non-profit organization, established in 1981, promotes self-sufficiency and neighborhood revitalization through a community-driven process. By leading with a community-based board, Nuestra is dedicated to creating opportunities and promoting equity for residents and businesses. This allows individuals to establish a stable home, boost their income, and improve neighborhood health, ultimately leading to wealth accumulation. In essence, Nuestra Comunidad Development Corp strives to uplift and empower underserved populations in Boston, fostering sustainable and thriving communities.
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Impact
July, 2024
Nuestra Comunidad Development Corp is dedicated to building wealth and enhancing the well-being of underserved populations in Roxbury and Greater Boston. Through a community-driven process, they promote self-sufficiency and neighborhood revitalization. Since 1981, Nuestra has been a catalyst in the redevelopment of Dudley Square, Roxbury, and North Dorchester. They focus on creating communities of opportunity and equity, providing stable homes, increasing income, improving neighborhood health, and helping residents and businesses gain wealth. Their real estate development program adds to or preserves affordable housing, develops mixed-use properties, and offers opportunities for residents to acquire assets and build equity through homeownership. Nuestra's impact is evident in the improved educational and economic outcomes of the communities they serve.
This information is meant to be a general summary of Nuestra Comunidad Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $1,458
- Program Service Revenue: $2,168,918
- Gross Receipts: $3,915,933
Assets and Liabilities:
- Total Assets: $30,619,718
- Total Liabilities: $17,349,277
- Net Assets: $13,270,441
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$977,841
DEVELOPMENT FEES
Revenue
$753,775
TENANT SERVICES
Revenue
$385,458
SERVICE CONTRACTS
Revenue
$51,844
Organization Details
Founding Year
1981
Phone
(617) 427-3599Principal Officer
N Paul Tonthat
Main Address
PO BOX 190939, ROXBURY, MA, 02119
Website
www.nuestracdc.orgNTEE Category
Code: S200 - Community improvement
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