Overview
What is South Boston Neighborhood Development Corporation?
The South Boston Neighborhood Development Corporation is a nonprofit organization situated in South Boston, Massachusetts. Its primary focus lies in managing affordable housing, which involves refurbishing existing units and overseeing their rental and maintenance. Beyond this, the organization also engages in the construction of new affordable housing units, contributing to the availability of affordable living spaces in the area. With a team of 15 dedicated individuals, South Boston Neighborhood Development Corporation is committed to executing its mission of creating, preserving, and managing affordable housing within the community.
Official website here: www.sbndc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Overall, the South Boston Neighborhood Development Corporation (SBNDC) has received a Two-Star out of Four Star rating from Charity Navigator, indicating that there are areas for improvement. While the organization shows strong governance with a fully independent board and a high program expense ratio, it falls short in financial transparency, particularly with missing financial statements and tax forms on their website.
User feedback highlights the positive impact of SBNDC within the South Boston community. A volunteer praised the organization for its friendly atmosphere and community-centered initiatives, noting the inspiring work they do. This suggests that while there are operational challenges, the organization is well-regarded among those who experience its services firsthand.
However, the lack of key financial documents and policies such as a whistleblower policy raises concerns about accountability and transparency. Addressing these weaknesses is essential for SBNDC to enhance its credibility and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is South Boston Neighborhood Development Corporation legitimate?
South Boston Neighborhood Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Boston Neighborhood Development Corporation 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:
Executive Compensation: $46,246
Professional Fundraising Fees: $0
Other Salaries and Wages: $123,916
For more financial information, click here
Official website here: www.sbndc.org
What is the mission statement of South Boston Neighborhood Development Corporation?
The South Boston Neighborhood Development Corporation's mission is centered around creating, preserving, and managing affordable housing. In pursuit of this objective, the organization engages in various activities, including the rehabilitation and construction of affordable housing units. They are dedicated to providing and maintaining affordable housing options, overseeing the renovation of units and ensuring they remain affordable for their residents.
Official website here: www.sbndc.org
Who is the CEO of South Boston Neighborhood Development Corporation?
Robert Monahan is the President of South Boston Neighborhood Development Corporation.
Official website here: www.sbndc.org
What is the revenue of South Boston Neighborhood Development Corporation?
South Boston Neighborhood Development Corporation's revenue in 2021 was $989,515.
Official website here: www.sbndc.org
Who are the executives of South Boston Neighborhood Development Corporation and what are their salaries?
The average compensation at South Boston Neighborhood Development Corporation during 2021 was $11,344. There are 15 employees at South Boston Neighborhood Development Corporation.
Here are 13 key members and their salaries:
- Compensation: $89,999
- Related: $0
- Other: $3,046
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.sbndc.org
Where can I find the form 990 for South Boston Neighborhood Development Corporation?
South Boston Neighborhood Development Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.sbndc.org
Learn more at the official website: www.sbndc.org
Mission Statement of South Boston Neighborhood Development Corporation
The South Boston Neighborhood Development Corporation, as its mission states, is dedicated to creating, preserving, and managing affordable housing within its sphere. This organization takes an active role in the rehabilitation and construction of housing units aimed at providing affordable living spaces for individuals in need. Its primary objective is to contribute to the housing landscape in a manner that makes it more accessible and affordable for the community, thereby promoting a sense of stability and security.
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Impact
July, 2024
South Boston Neighborhood Development Corporation plays a pivotal role in creating, preserving, and managing affordable housing in South Boston, Massachusetts. Through the management of affordable housing units, the organization is actively involved in the rehabilitation and construction of housing to ensure that residents have access to safe and affordable living spaces. By focusing on this mission, the organization contributes significantly to the community by addressing housing needs and promoting a more sustainable and inclusive neighborhood environment.
This information is meant to be a general summary of South Boston Neighborhood Development Corporation. 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: $157
- Program Service Revenue: $751,118
- Gross Receipts: $1,063,253
Assets and Liabilities:
- Total Assets: $11,891,057
- Total Liabilities: $10,660,509
- Net Assets: $1,230,548
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$624,629
PROPERTY MANAGEMENT FE
Revenue
$121,384
OTHER RENTAL INCOME
Revenue
$5,105
Organization Details
Founding Year
1983
Phone
(617) 268-9610Principal Officer
Robert Monahan
Main Address
273 D STREET, SOUTH BOSTON, MA, 02127
Website
www.sbndc.orgNTEE Category
Code: L20Z - Housing
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