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Dudley Square Realty Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 453587059 ✦ Boston, MA ✦ Designated as a 501(c)(3)

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Overview

What is Dudley Square Realty Corporation?

Dudley Square Realty Corporation is a nonprofit organization based in Boston, Massachusetts. Its primary objective is to stimulate economic development in an underserved neighborhood of the city, while also establishing a new Boston Public Schools (BPS) headquarters in the area's demographic center. Notably, the organization has accomplished significant tasks such as acquiring the site, securing funding, constructing, and leasing a 215,000-square-foot building in Dudley Square, which will be occupied by BPS and leased to the City of Boston. This initiative is expected to contribute positively to the local economy and provide improved educational facilities for the community.


Official website here: www.cityofboston.gov

Is Dudley Square Realty Corporation legitimate?

Dudley Square Realty Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dudley Square Realty 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.cityofboston.gov

What is the mission statement of Dudley Square Realty Corporation?

The Dudley Square Realty Corporation aims to stimulate economic development in one of Boston's underdeveloped neighborhoods. A significant part of its mission is to establish a new headquarters for Boston Public Schools (BPS) in the demographic center of Boston's school population. The corporation has carried out this mission by acquiring the necessary site, financing, constructing, and leasing a 215,000 square foot building in Dudley Square, Boston, MA. This building is now occupied by BPS and leased to the city of Boston. The corporation's activities contribute to the revitalization of the neighborhood and provide a new facility for the city's educational system.


Official website here: www.cityofboston.gov

Who is the CEO of Dudley Square Realty Corporation?

Maureen Garceau is the Chairperson of Dudley Square Realty Corporation.


Official website here: www.cityofboston.gov

What is the revenue of Dudley Square Realty Corporation?

Dudley Square Realty Corporation's revenue in 2022 was $25,170.


Official website here: www.cityofboston.gov

Who are the executives of Dudley Square Realty Corporation and what are their salaries?

There 3 volunteers at Dudley Square Realty Corporation.


Here are 6 key members and their salaries:


Brianna Miller (Chairperson)
  • Compensation: $0
  • Related: $56,799
  • Other: $10,799
Maureen Garceau (1St Assistant Collector/Treasurer)
  • Compensation: $0
  • Related: $120,195
  • Other: $28,842
Dion Irish (Treasurer)
  • Compensation: $0
  • Related: $134,954
  • Other: $28,842
Kevin Tran (Member)
  • Compensation: $0
  • Related: $39,378
  • Other: $8,982
John Romano (Member)
  • Compensation: $0
  • Related: $44,921
  • Other: $8,982
Inez Foster (Member)
  • Compensation: $0
  • Related: $84,020
  • Other: $26,388


Official website here: www.cityofboston.gov

Where can I find the form 990 for Dudley Square Realty Corporation?

Dudley Square Realty Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cityofboston.gov

Learn more at the official website: www.cityofboston.gov

Mission Statement of Dudley Square Realty Corporation

Dudley Square Realty Corporation, a nonprofit organization, is committed to stimulating economic development in one of Boston's underdeveloped neighborhoods. One of its significant objectives is to establish a new headquarters for Boston Public Schools (BPS) in the demographic center of Boston's school population. The corporation's most notable activities have involved acquiring the site, financing, constructing, and leasing a 215,000 square foot building in Dudley Square, Boston, MA. This building is now occupied by BPS and leased to the city of Boston. By undertaking these initiatives, Dudley Square Realty Corporation contributes to the revitalization of its designated neighborhood and provides a crucial infrastructure for the city's educational system.

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Impact




October, 2024

Dudley Square Realty Corporation plays a pivotal role in revitalizing one of Boston's most underdeveloped neighborhoods by driving economic development and enhancing educational infrastructure. Its primary focus has been to establish a new headquarters for Boston Public Schools (BPS) in a location that serves as the demographic center for the city's school population.

Through significant efforts, the corporation has successfully acquired a site, financed, constructed, and leased a substantial 215,000 square foot building specifically designed for BPS. This development not only provides a centralized and accessible facility for the city's educational administration but also serves as a catalyst for further economic growth in the Dudley Square area. The presence of a major educational institution contributes to community engagement, job creation, and attracts additional investment, fostering a more vibrant local economy.

By strategically situating BPS's headquarters in Dudley Square, the corporation not only enhances educational services but also contributes to the overall revitalization of the neighborhood, supporting both economic and educational advancement in Boston.




This information is meant to be a general summary of Dudley Square Realty 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.

Revenue
$25,170 (2022)
Expenses
$3,983,162 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $170
  • Program Service Revenue: $25,000
  • Gross Receipts: $25,170

Assets and Liabilities:

  • Total Assets: $94,086,313
  • Total Liabilities: $20,979
  • Net Assets: $94,065,334

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

OTHER INCOME

Revenue

$25,000

Organization Details

Founding Year

2011

Principal Officer

Maureen Garceau

Main Address

1 CITY HALL SQUARE M-5, BOSTON, MA, 02201

NTEE Category

Code: B119 - Education

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