South Boston Community Development Foundation Inc

South Boston Community Development Foundation shows fluctuating finances with no executive compensation.

EIN: 113722992 · South Boston, MA · NTEE: S31 · Updated: 2026-03-28

$484KRevenue
$446KAssets
75/100Mission Score (Good)
S31

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South Boston Community Development Foundation Inc Financial Summary
MetricValue
Total Revenue$484K
Total Expenses$229K
Program Spending80%
Net Assets$297K
Transparency Score75/100

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South Boston Community Development Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

South Boston Community Development Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around South Boston Community Development Foundation Inc in one place.

Form 990 Filing Summary

12 filing years are available, with latest revenue of $355K and expenses of $229K.

Revenue and Expenses

South Boston Community Development Foundation Inc reported $355K in revenue and $229K in expenses, a surplus of $127K.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.

Is South Boston Community Development Foundation Inc Legit?

Some Concerns

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
80%Program Expense
$0Grants Paid
12Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

South Boston Community Development Foundation Inc Expense Deployment
Program services$183K (80%)

Across stored filings, South Boston Community Development Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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South Boston Community Development Foundation Inc Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 2 red flags identified
Mission spend80% to programsExcellent
Financial durabilityGrade A12 stored filing years
Peer contextCompare with Joint Committee For Childrens Health Care In EverettMassachusetts and Community Improvement context

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South Boston Community Development Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About South Boston Community Development Foundation Inc

South Boston Community Development Foundation Inc (EIN: 113722992) is a nonprofit organization based in South Boston, MA, classified under NTEE code S31. The organization reported total revenue of $484K and total assets of $446K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Boston Community Development Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

16Years Operating
SmallSize Classification
12Years of Filings
MixedRevenue Trajectory

South Boston Community Development Foundation Inc is a small nonprofit that has been operating for 16 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$355K
Total Expenses$229K
Surplus / Deficit+$127K
Total Assets$303K
Total Liabilities$6K
Net Assets$297K
Operating Margin35.6%
Debt-to-Asset Ratio2.0%
Months of Reserves15.9 months

Financial Health Grade: A

In 2023, South Boston Community Development Foundation Inc reported a surplus of $127K with revenue exceeding expenses, holds 15.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).

Financial Trends

Over 12 years of filings (2011–2023), South Boston Community Development Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.4%.

YearRevenue ChangeExpense ChangeAsset Change
2023+342.3%+3.2%+72.0%
2022-79.6%+361.3%-66.2%
2020+6.2%-86.6%+190.4%
2019+14.4%+5.3%+10.9%
2018-0.7%+10.8%-7.8%

IRS Tax-Exempt Classification

IRS Classification Codes1000
IRS Ruling Date2010

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

The South Boston Community Development Foundation Inc. demonstrates a fluctuating financial performance over the past decade, with significant swings in revenue and expenses. For instance, in 2023, the organization reported revenue of $355,481 against expenses of $228,778, resulting in a surplus. However, in 2022, revenue was only $80,371 while expenses were $221,739, indicating a substantial deficit. This inconsistency suggests potential challenges in predictable funding or program delivery. The organization consistently reports 0% officer compensation, which is a positive indicator of financial efficiency and a commitment to directing funds towards its mission rather than executive salaries. Their asset base has also shown considerable variation, from a high of $520,170 in 2020 to $176,030 in 2022, which could impact long-term stability and capacity for large-scale projects. While the lack of officer compensation is a strong point for transparency and efficiency, the variability in financial outcomes warrants closer examination. The NTEE code S31 (Community Development Corporations) suggests a focus on local community improvement, and the consistent reporting of 0% officer compensation aligns well with a community-focused mission. However, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency is challenging. The organization's ability to manage significant revenue fluctuations while maintaining its mission is key to its financial health. Overall, the foundation appears to be a lean operation with no executive compensation, which is commendable. However, the volatility in its financial statements, particularly the large deficit in 2022, suggests a need for more stable funding streams or better expense management to ensure consistent program delivery and long-term sustainability. The growth in assets from $176,030 in 2022 to $302,733 in 2023, alongside a positive net income, indicates a recent improvement in financial health.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates South Boston Community Development Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

  • admin: 15%
  • programs: 80%
  • fundraising: 5%

According to IRS 990 filings, South Boston Community Development Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

$355KTotal Revenue
$229KTotal Expenses
$303KTotal Assets
$6KTotal Liabilities
$297KNet Assets
  • The organization reported a surplus of $127K, with revenue exceeding expenses.
  • Debt-to-asset ratio: 2.0%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led executive structure.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of South Boston Community Development Foundation Inc's IRS 990 filings:

  • Highly volatile revenue and expense figures year-over-year, making financial planning challenging (e.g., $80,371 revenue in 2022 vs. $355,481 in 2023).
  • Significant deficit in 2022 where expenses ($221,739) far exceeded revenue ($80,371).

Strengths

The following positive indicators were identified for South Boston Community Development Foundation Inc:

  • Consistent 0% officer compensation, indicating high efficiency in executive overhead.
  • Positive net income in 2023 ($355,481 revenue vs. $228,778 expenses), showing recent financial recovery.
  • Growth in assets from $176,030 in 2022 to $302,733 in 2023, improving financial stability.

Frequently Asked Questions about South Boston Community Development Foundation Inc

Is South Boston Community Development Foundation Inc a legitimate charity?

South Boston Community Development Foundation Inc (EIN: 113722992) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $484K. 2 red flags identified. 3 strengths noted. Financial health grade: A.

How does South Boston Community Development Foundation Inc spend its money?

South Boston Community Development Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.

Are donations to South Boston Community Development Foundation Inc tax-deductible?

South Boston Community Development Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113722992). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What percentage of South Boston Community Development Foundation Inc's spending goes to programs?

South Boston Community Development Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

How does South Boston Community Development Foundation Inc compare to similar nonprofits?

With a transparency score of 75/100 (Good), South Boston Community Development Foundation Inc is above average for NTEE category S31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is South Boston Community Development Foundation Inc located?

South Boston Community Development Foundation Inc is headquartered in South Boston, Massachusetts and files with the IRS under EIN 113722992. It is classified under NTEE code S31.

How many years of IRS 990 filings does South Boston Community Development Foundation Inc have?

South Boston Community Development Foundation Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $484K in total revenue.

What caused the significant revenue drop in 2022 to $80,371 from $355,481 in 2023 and $394,040 in 2020?

The provided data does not specify the reasons for the drastic fluctuations in revenue, but such drops could be due to the completion of a major grant, a decrease in donations, or changes in funding cycles.

How does the organization manage its programs with 0% officer compensation?

The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that executive functions are performed by staff whose compensation is categorized under other expense lines, or by an affiliated entity.

What is the primary source of the organization's revenue, given its volatility?

The provided data does not detail revenue sources. Given the NTEE code S31 (Community Development Corporations), common sources might include government grants, private foundation grants, individual donations, or program service fees, all of which can be volatile.

What specific programs does the South Boston Community Development Foundation Inc. operate?

The provided financial data does not detail specific programs. To understand their impact, one would need to review their program descriptions, often found in their annual reports or website.

Filing History

IRS 990 filing history for South Boston Community Development Foundation Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2023), South Boston Community Development Foundation Inc's revenue has grown by 517.7%, moving from $58K to $355K. Total assets increased by 6465.5% over the same period, from $5K to $303K. Total functional expenses rose by 55.1%, from $147K to $229K. In its most recent filing year (2023), South Boston Community Development Foundation Inc reported a surplus of $127K, with revenue exceeding expenses. The organization holds $6K in liabilities against $303K in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $297K.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $355K $229K $303K $6K
2022 $80K $222K $176K $6K View 990
2020 $394K $48K $520K $4K
2019 $371K $358K $179K $9K View 990
2018 $324K $340K $162K $5K View 990
2017 $327K $307K $175K $3K View 990
2016 $338K $332K $155K $2K View 990
2015 $312K $395K $149K $2K View 990
2014 $421K $393K $232K $2K View 990
2013 $424K $272K $204K $2K View 990
2012 $289K $243K $52K $2K View 990
2011 $58K $147K $5K $1K View 990

Year-by-Year Financial Summary

  • 2023: Revenue of $355K, expenses of $229K, and assets of $303K (revenue +342.3% year-over-year).
  • 2022: Revenue of $80K, expenses of $222K, and assets of $176K (revenue -79.6% year-over-year).
  • 2020: Revenue of $394K, expenses of $48K, and assets of $520K (revenue +6.2% year-over-year).
  • 2019: Revenue of $371K, expenses of $358K, and assets of $179K (revenue +14.4% year-over-year).
  • 2018: Revenue of $324K, expenses of $340K, and assets of $162K (revenue -0.7% year-over-year).
  • 2017: Revenue of $327K, expenses of $307K, and assets of $175K (revenue -3.3% year-over-year).
  • 2016: Revenue of $338K, expenses of $332K, and assets of $155K (revenue +8.1% year-over-year).
  • 2015: Revenue of $312K, expenses of $395K, and assets of $149K (revenue -25.8% year-over-year).
  • 2014: Revenue of $421K, expenses of $393K, and assets of $232K (revenue -0.7% year-over-year).
  • 2013: Revenue of $424K, expenses of $272K, and assets of $204K (revenue +46.7% year-over-year).
  • 2012: Revenue of $289K, expenses of $243K, and assets of $52K (revenue +402.1% year-over-year).
  • 2011: Revenue of $58K, expenses of $147K, and assets of $5K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for South Boston Community Development Foundation Inc:

2023 Filing 2022 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

Data Sources and Methodology

This transparency report for South Boston Community Development Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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