Overview
What is Ferdinand Building Development Corporation?
Ferdinand Building Development Corporation is a nonprofit organization based in Boston, Massachusetts, specifically at 1 City Hall Square M-5. Their primary mission is to stimulate economic development in an underdeveloped neighborhood of the city and establish a new headquarters for Boston Public Schools (BPS) in the area with a high school population density. The organization has significantly contributed to the cause by acquiring the necessary site, financing, constructing, and leasing a 215,000 square foot building in Dudley Square, Boston, MA. This building will be occupied by BPS and subsequently leased to the City of Boston.
Official website here: www.cityofboston.gov
Is Ferdinand Building Development Corporation legitimate?
Ferdinand Building Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ferdinand Building 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: $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 Ferdinand Building Development Corporation?
The Ferdinand Building Development Corporation's mission is centered around stimulating economic development in one of Boston's underserved neighborhoods. A significant part of their mission involves relocating the headquarters of Boston Public Schools (BPS) to the demographic center of Boston's school population. Their most notable activities include acquiring the site, financing, constructing, and leasing a 215,000 square foot building for BPS in Dudley Square, Boston, Massachusetts. Eventually, this building is leased to the City of Boston.
Official website here: www.cityofboston.gov
Who is the CEO of Ferdinand Building Development Corporation?
Maureen Garceau is the 1St Assistant Collector/Treasurer of Ferdinand Building Development Corporation.
Official website here: www.cityofboston.gov
What is the revenue of Ferdinand Building Development Corporation?
Ferdinand Building Development Corporation's revenue in 2022 was $172,078.
Official website here: www.cityofboston.gov
Who are the executives of Ferdinand Building Development Corporation and what are their salaries?
There 3 volunteers at Ferdinand Building Development Corporation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $120,195
- Other: $28,842
- Compensation: $0
- Related: $56,799
- Other: $10,799
- Compensation: $0
- Related: $134,954
- Other: $28,842
- Compensation: $0
- Related: $39,378
- Other: $8,982
- Compensation: $0
- Related: $84,020
- Other: $26,388
- Compensation: $0
- Related: $44,921
- Other: $8,982
Official website here: www.cityofboston.gov
Where can I find the form 990 for Ferdinand Building Development Corporation?
Ferdinand Building Development 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 Ferdinand Building Development Corporation
The Ferdinand Building Development Corporation is dedicated to stimulating economic development in one of Boston's underdeveloped neighborhoods. A significant part of their mission is to establish a new headquarters for Boston Public Schools (BPS) in the demographic center of Boston's school population. The organization has carried out its mission by acquiring a 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 accomplishing these tasks, Ferdinand Building Development Corporation contributes to the revitalization of the targeted neighborhood and provides a new educational hub for the city's school population.
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Impact
October, 2024
Ferdinand Building Development Corporation significantly impacts Boston's Dudley Square by driving new economic development in one of the city's most underserved neighborhoods. The corporation has successfully acquired the necessary site, financed, constructed, and arranged for the leasing of a 215,000 square foot building that will serve as the new headquarters for Boston Public Schools (BPS). This strategic location aligns with the demographic center of Boston's school population, effectively positioning educational resources within reach of those who need them most. By fostering this development, the corporation not only enhances local infrastructure but also creates job opportunities, stimulates the local economy, and contributes to the overall revitalization of a community that has long been in need of investment and growth.
This information is meant to be a general summary of Ferdinand Building 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 2022.
- Program Service Revenue: $172,078
- Gross Receipts: $172,078
Assets and Liabilities:
- Total Assets: $2,379,079
- Total Liabilities: $299,604
- Net Assets: $2,079,475
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$164,563
PROGRAM RELATED INVEST
Revenue
$7,515
Organization Details
Founding Year
2011
Phone
(617) 635-4140Principal Officer
Maureen Garceau
Main Address
1 CITY HALL SQUARE M-5, BOSTON, MA, 02201
Website
www.cityofboston.govNTEE Category
Code: B119 - Education
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