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

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.

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.

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

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.

Year	Revenue	Expenses	Assets	Liabilities	Officer 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.

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.