Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
City of Boston Credit Union
EIN 04-1103180 • 501(c)14 • South Boston, MA
Profile
Credit union - thrift services
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.94x
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
3rd percentile
Higher net margin than 3% of similar nonprofits.
Top Officer Pay
7th percentile
Higher top officer pay than 7% of similar nonprofits.
Top officer pay equals 1.0% of source-year revenue.
Asset Growth
2nd percentile
Faster asset growth than 2% of similar nonprofits.
Revenue Growth
3rd percentile
Faster revenue growth than 3% of similar nonprofits.
Balance Sheet
Assets
Down$552,723,863
Down $65,044,525 (-11%) from 2023
Liabilities
Down$519,484,732
Down $64,648,317 (-11%) from 2023
Net Assets
Down$33,239,131
Down $396,208 (-1.2%) from 2023
Revenue
Down$24,209,155
Down $1,681,132 (-6.5%) from 2023
Expenses
Down$28,072,912
Down $1,111,372 (-3.8%) from 2023
Net Income
Down-$3,863,757
Down $569,760 (-17%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $552,723,863
- Liabilities
- $519,484,732
- Net assets
- $33,239,131
- Revenue
- $24,209,155
- Expenses
- $28,072,912
- Net income
- -$3,863,757
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Dec 4, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $49,873,954
Mission and Program Overview
Mission
Credit union - thrift services
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $455,938,751 | $415,496,136 | ▼ $40,442,615 |
| Investments in Publicly Traded Securities | $82,656,863 | $55,448,122 | ▼ $27,208,741 |
| Savings and Temporary Cash Investments | $37,143,963 | $45,127,116 | ▲ $7,983,153 |
| Rtn Earn Endowment Incm Other Fnds | $33,635,339 | $33,239,131 | ▼ $396,208 |
| Land, Buildings, and Equipment, Net | $20,737,720 | $19,044,773 | ▼ $1,692,947 |
| Cash and Non-Interest-Bearing Accounts | $4,454,628 | $3,028,025 | ▼ $1,426,603 |
| Investments Other Securities | $3,286,771 | $2,254,815 | ▼ $1,031,956 |
| Prepaid Expenses and Deferred Charges | $360,538 | $320,043 | ▼ $40,495 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $617,768,388 | $552,723,863 | ▼ $65,044,525 |
| Other Assets Total | $13,189,154 | $12,004,833 | ▼ $1,184,321 |
| Liabilities | |||
| Other Liabilities | $521,093,725 | $481,132,316 | ▼ $39,961,409 |
| Mortgage Notes Payable Secured by Investment Property | $55,000,000 | $30,000,000 | ▼ $25,000,000 |
| Accounts Payable and Accrued Expenses | $7,817,225 | $8,352,416 | ▲ $535,191 |
| Escrow Account Liability | $222,099 | - | - |
| Total Liabilities | $584,133,049 | $519,484,732 | ▼ $64,648,317 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $33,635,339 | $33,239,131 | ▼ $396,208 |
| Total Liabilities and Net Assets / Fund Balance | $617,768,388 | $552,723,863 | ▼ $65,044,525 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $13,421,752 | $3,849,766 | $17,271,518 |
| Leasehold Improvements | $1,579,810 | $3,844,315 | $5,424,125 |
| Land | $3,243,925 |