NonprofitsFenway Community Development Corp

Housing & Shelter

Fenway Community Development Corp

BOSTON, MA

Total revenue

$9.8M

Total expenses

$7.2M

Net assets

$14.7M

Grants received

$3.0M

62 grants

EIN

042666507

Tax year

2024

Mission

Fenway cdc improved the economic and social well-being of low-income and moderate-income residents. We helped them access affordable housing, social services, education, job skills training, employment, financial coaching, fresh healthy food, health & wellness programs, and community events. Fenway cdc continued to provide critical services to help community residents build stronger pathways to economic security. Through civic engagement and partnerships, we continued to preserve and create affordable housing, prevent eviction and homelessness, and advocate for improvements in the city's housing policy to ensure affordability citywide.

Programs

4 programs

Resident services and workforce development - for three decades, fenway cdc has offered counseling, case management, workshops, and social support services to help low- and moderate-income residents of fenway and other boston neighborhoods. During 2024, our programs provided unemployed and low-income residents resources and support to gain financial self-sufficiency. We helped them obtain education and career credentials, skills training, employment, education advancement programs, and advance their careers. Our financial education helped vulnerable residents to overcome barriers and instilled positive behaviors to build financial stability. Our health & wellness programs, as well as community events improved the quality of life for residents.

Expenses: $477K

Affordable housing preservation and development in 2024, fenway cdc provided over 750 residents with safe and affordable homes. We purchased a parcel on queensberry street to develop into 24 units of affordable housing. We completed construction on burbank terrace, llc, a 27-unit affordable housing property in 2024. We prepared 43 hemenway street for conversion to 6 affordable homeownership units. Fenway cdc and another non-profit jointly prepared an existing property at 20 charlesgate west (the guild house) in the fenway for redevelopment into 86-units of affordable rental housing. We pursued opportunities to build and preserve new affordable housing. Fenway cdc collaborated with developers and institutions to forge partnerships to create future housing to meet the needs of low- and moderate-income families & individuals.

Expenses: $891K

Asset management fenway cdc provided oversight of 576 mixed-income apartments and ensured that our properties are physically and financially sustainable. We continued to monitor the property finances and worked closely with property management and across fenway cdc departments to support our residents

Expenses: $198K

Community planning & organizing in 2024, fenway cdc worked with residents, non-profits, and city officials to recommend improvements in the city and state's affordable housing policies to prevent displacement and homelessness, address racial inequities, create and preserve affordable housing, and empower communities. Our efforts addressed the challenges of high property acquisition costs and the need for more affordable housing to meet the needs of low- and moderate-income residents. Resident leaders learned to effectively communicate with city and state officials about affordable housing policies and programs. They also monitored the developments of private developers, hospitals, and universities and shared comments at community meetings to mitigate any negative development impact on the residential area. Fenway cdc also educated at-risk residents about homelessness prevention, tenants rights, and supported community efforts to ensure equitable access to public transportation.

Expenses: $440KGrants: $21K

Financials

FY 2024

Revenue

Contributions & grants$2.0M
Program service revenue$6.8M
Investment income$856K
Other revenue$51K
Total revenue$9.8M

Expenses

Grants paid$21K
Salaries & benefits$2.1M
Fundraising$400K
Other expenses$5.1M
Total expenses$7.2M
Total assets$67.3M
Net assets$14.7M

People

24 listed

NameRoleCompensation

STEVEN FARRELL

EXECUTIVE DIRECTOR (AS OF 3/24)

Board

$139K

39.8 hrs/wk

LEAH CAMHI

EXECUTIVE DIRECTOR (UNTIL 4/24)

Board

$96K

40 hrs/wk

JAMES SMITH

CLERK ( AS OF 5/24)/ BOARD MEMBER

Board

1 hrs/wk

SHENEAL PARKER

CLERK/BOARD MEMBER (UNTIL 4/24)

Board

0.25 hrs/wk

ROSARIA SALERNO

BOARD MEMBER

Board

1 hrs/wk

AMELIA HILL

BOARD MEMBER

Board

1 hrs/wk

ERIC DANIEL

BOARD MEMBER (AS OF 4/24)

Board

1 hrs/wk

ROBERT PARKER-MASON

BOARD MEMBER (AS OF 4/24)

Board

1 hrs/wk

MARY ELIZABETH PETERS

BOARD MEMBER (AS OF 4/24)

Board

1 hrs/wk

MARTIN WARD

BOARD MEMBER (AS OF 4/24)

Board

1 hrs/wk

NIKKI FLIONIS

PRESIDENT/BOARD MEMBER (UNTIL 4/24)

Board

0.5 hrs/wk

CATHY VAN BUI

BOARD MEMBER (AS OF 4/24)

Board

1 hrs/wk

TADESSE ZERIHUN

BOARD MEMBER (AS OF 4/24)

Board

1 hrs/wk

GREGORY PAULSON HAIG

BOARD MEMBER (UNTIL 4/24)

Board

0.5 hrs/wk

MATTHEW WILDMAN

BOARD MEMBER (UNTIL 4/24)

Board

1 hrs/wk

RYAN BOXILL

BOARD MEMBER (UNTIL 12/24)

Board

1 hrs/wk

BRIAN CLAGUE

BOARD MEMBER (UNTIL 12/24)

Board

1 hrs/wk

NILDA HUGHES

BOARD MEMBER (UNTIL 4/2024)

Board

0

MARK WINKELLER

BOARD MEMBER (AS OF 6/24)

Board

1 hrs/wk

SARAH JENNESS

VP(TIL 4/24)/PRES/BOARD MEMBER

Board

2 hrs/wk

DOLORES BOOGDANIAN

VP (AS OF 5/24)/ BOARD MEMBER

Board

1 hrs/wk

TIMOTHY COAKLEY

TREASURER/BOARD MEMBER

Board

2 hrs/wk

SUNEETH JOHN

DEPUTY DIR. & HEAD OF REAL ESTATE

Staff

$214K

39.6 hrs/wk

LIAN KIM TAN-HARD

DIRECTOR OF DEVT. & MKTG.

Staff

$105K

40 hrs/wk

Independent contractors

HAYCON BUILDING LLC

CONSTRUCTION OF AFFORDABLE HOUSING

$2.0M

PEABODY PROPERTIES

PROPERTY MANAGEMENT

$856K

EMBARC INC

ARCHITECT

$142K

AAFPCAS INC

AUDIT AND TAX SERVICES

$132K

Grants received

Showing 62 of 62

FromAmountPurposeYear
$8K
TO HELP SUPPORT HOUSING FOR THE NEEDY
2024
$5K
General & Unrestricted
2024
$187K
Community Impact
2023
$101K
CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS
2023
$50K
EXEMPT PURPOSE
2023
$35K
Growing Resident Power for Systems Change Project
2023
$25K
AFFORDABLE HOUSING DONATION
2023
$15K
EXEMPT PURPOSE
2023
$13K
STABILIZING LIVES THROUGH ESSENTIAL SERVICES, EDUCATION, AND EMPLOYMENT OPPORTUNITIES
2023
$10K
Sched I Supplemental
2023
$5K
General & Unrestricted
2023
$5K
HELPING RESIDENTS IMPROVING LIVES THROUGH FINANCIAL LITERACY AND SERVICES
2023
$369K
CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS
2022
$161K
Community Impact
2022
$50K
EXEPMT PRUPOSE
2022
$35K
Building resident power for a more affordable and equitable Fenway
2022
$25K
AFFORDABLE HOUSING DONATION
2022
$20K
Community Partnership
2022
$15K
EXEMPT PURPOSE
2022
$10K
STABILIZING LIVES THROUGH ESSENTIAL SERVICES, EDUCATION, AND EMPLOYMENT OPPORTUNITIES
2022
$8K
TO HELP SUPPORT HOUSING FOR THE NEEDY
2022
$5K
program support - affordable housing and critical services
2022
$5K
GENERAL SUPPORT
2022
$5K
HELPING RESIDENTS IMPROVING LIVES THROUGH FINANCIAL LITERACY AND SERVICES
2022
$268K
COMMUNITY SUPPORT
2021
$247K
Community Impact
2021
$50K
EXEMPT PURPOSE
2021
$25K
AFFORDABLE HOUSING DONATION
2021
$18K
Community Partnership
2021
$15K
EXEMPT PURPOSE
2021
$15K
PROGRAM SPECIFIC SUPPORT
2021
$10K
Community Impact Program
2021
$6K
COMMUNITY GIFT AND CHARITABLE CONTRIBUTIONS
2021
$5K
TO HELP SUPPORT HOUSING FOR THE NEEDY
2021
$187K
Community Impact
2020
$167K
COMMUNITY SUPPORT
2020
$40K
EXEMPT PURPOSE
2020
$25K
AFFORDABLE HOUSING DONATION
2020
$20K
Community Partnership
2020
$10K
Community Impact Program
2020
$9K
GENERAL OPERATING SUPPORT
2020
$8K
TO HELP SUPPORT HOUSING FOR THE NEEDY
2020
$5K
FINANCIAL CAPACITY
2020
$5K
GENERAL USE
2020
$172K
Community Impact
2019
$50K
AFFORDABLE HOUSING DONATION
2019
$20K
Community Partnership
2019
$5K
HELPING LOW-INCOME RESIDENTS ACHIEVE ECONOMIC SUCCESS THROUGH MONEY SMART PROGRAM
2019
$5K
SUPPORT FOR FENWAY COMMUNITY DEVELOPMENT CORPORATION (CDC) SPONSORSHIP.
2019
$140K
Community Impact
2018
$40K
Community Partnership
2018
$8K
GENERAL OPERATING SUPPORT
2018
$140K
Community Impact
2017
$25K
AFFORDABLE HOUSING INITIATIVE
2017
$18K
Community Partnership
2017
$3K
TO HELP SUPPORT HOUSING FOR THE NEEDY
2017

Funded by

$3.0M from 19 funders · 62 grants · 2017–2024

United Way Of Massachusetts Bay Inc

$1.2M · 7 grants · 2017–2023

Beth Israel Deaconess Medical Center

$910K · 5 grants · 2019–2023

The Longwood Collective Inc

$175K · 6 grants · 2017–2023

Cambridge Savings Charitable

$150K · 3 grants · 2021–2023

Children's Hospital Corporation

$135K · 6 grants · 2017–2022

Eastern Bank Foundation

$85K · 4 grants · 2020–2023

The Hamilton Company Charitable

$75K · 4 grants · 2020–2024

The Hyams Foundation Inc

$70K · 2 grants · 2022–2023

Details

EIN042666507
NTEE codeL25Z
Subsection03
Ruling date1980-01
Formed1973
Employees20
Volunteers56
FENWAY COMMUNITY DEVELOPMENT CORP — Mission, Financials & Grants Received | Grantivo