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South Boston Neighborhood Development Corporation

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

EIN: 043023407 ✦ South boston, MA ✦ Designated as a 501(c)(3)

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

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.

Here 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:

    Donna Brown (Executive Director)
  • Compensation: $89,999
  • Related: $0
  • Other: $3,046

    • Robert Monahan (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amanda Alberda (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Burns Stanfield (Clerk) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Foley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Monique Hall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Keough (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eileen Macneil (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen O'Brien (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Rubinstein (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Antonio Saez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Stefanov (Director (Until 09/21))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charlotte Tuminelli (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.sbndc.org

    Where can I find the form 990 for South Boston Neighborhood Development Corporation?

    The 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.

    Impact

    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.




    Saturday, July 20, 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.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Robert Monahan

    Main Address

    273 D STREET, SOUTH BOSTON, MA, 02127

    NTEE Category

    Code: L20Z - Housing

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