Civic Intelligence

Ferdinand Building Development Corporation

990 • Fiscal year 2022 • EIN 45-3587147

Jul 01, 2021 to Jun 30, 2022 • Filed on May 12, 2023

Organization ProfileWWW.CITYOFBOSTON.GOV
1 City Hall Square M-5Boston, MA 02201

(617) 635-4140

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.13x

Higher debt load relative to assets than 60% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

91st percentile

1.74x

Higher debt load relative to revenue than 91% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

6th percentile

-56%

Higher net margin than 6% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

86th percentile

$163,796

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 95.2% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

57th percentile

4.1%

Faster asset growth than 57% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-97%

Faster revenue growth than 1% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$2,379,079

Up $92,744 (+4.1%) from 2021

Net Assets

Down

$2,079,475

Down $22,971 (-1.1%) from 2021

Liabilities

Up

$299,604

Up $115,715 (+63%) from 2021

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin6th percentile

Revenue

Down

$172,078

Down $4,900,426 (-97%) from 2021

Expenses

Down

$268,528

Down $41,867 (-13%) from 2021

Net Income

Down

-$96,450

Down $4,858,559 (-102%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0-$10MAssets 2013: $29,512,746Liabilities 2013: $1,641,950Net Assets 2013: $27,870,7962013Assets 2014: $29,805,002Liabilities 2014: $3,222,736Net Assets 2014: $26,582,2662014Assets 2015: $30,509,024Liabilities 2015: $4,891,603Net Assets 2015: $25,617,4212015Assets 2016: $31,047,800Liabilities 2016: $5,808,035Net Assets 2016: $25,239,7652016Assets 2017: $32,480,021Liabilities 2017: $7,183,132Net Assets 2017: $25,296,8892017Assets 2018: $33,656,124Liabilities 2018: $7,839,536Net Assets 2018: $25,816,5882018Assets 2019: $35,154,828Liabilities 2019: $8,800,439Net Assets 2019: $26,354,3892019Assets 2020: $7,661,975Liabilities 2020: $10,321,638Net Assets 2020: -$2,659,6632020Assets 2021: $2,286,335Liabilities 2021: $183,889Net Assets 2021: $2,102,4462021Assets 2022: $2,379,079Liabilities 2022: $299,604Net Assets 2022: $2,079,4752022Assets 2023: $2,549,642Liabilities 2023: $403,517Net Assets 2023: $2,146,1252023

Highlighted filing

2022

Assets$2,379,079
Liabilities$299,604
Net Assets$2,079,475
Open 2022 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$20M$0-$20M-$40MExpenses 2013: $1,641,9502013Revenue 2014: $292,256Expenses 2014: $1,580,786Net Income 2014: -$1,288,5302014Revenue 2015: $826,293Expenses 2015: $1,791,138Net Income 2015: -$964,8452015Revenue 2016: $1,891,168Expenses 2016: $2,268,824Net Income 2016: -$377,6562016Revenue 2017: $2,221,396Expenses 2017: $2,164,272Net Income 2017: $57,1242017Revenue 2018: $2,168,220Expenses 2018: $1,648,521Net Income 2018: $519,6992018Revenue 2019: $2,213,304Expenses 2019: $1,675,503Net Income 2019: $537,8012019Revenue 2020: $1,983,727Expenses 2020: $30,997,779Net Income 2020: -$29,014,0522020Revenue 2021: $5,072,504Expenses 2021: $310,395Net Income 2021: $4,762,1092021Revenue 2022: $172,078Expenses 2022: $268,528Net Income 2022: -$96,4502022Revenue 2023: $163,102Expenses 2023: $96,452Net Income 2023: $66,6502023

Highlighted filing

2022

Revenue$172,078
Expenses$268,528
Net Income-$96,450
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 12, 2023
Return Version
2021v4.2
Gross Receipts
$172,078
Mission and Program Overview

Mission

To stimulate new economic development in one of boston's most underdeveloped neighborhoods, as well as to locate a new boston public schools ("bps") headquarters in the demographic center of boston's school population. The most significant activities have been to acquire the site, finance, construct and lease a 215,000 square foot building in dudley square in boston, ma, to be leased to the city of boston and occupied by bps.

To stimulate new economic development in one of boston's most underdeveloped neighborhoods, as well as to locate a new boston public schools ("bps") headquarter in the demographic center of boston's school population. The most significant activities have been to acquire the site, finance, construct and lease a 215,000 square foot building in dudley square in boston, ma, to be occupied by bps, and leased to the city of boston.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,089,331$2,067,063▼ $22,268
Savings and Temporary Cash Investments$38,414$52,852▲ $14,438
Accounts Receivable$148,862$4,622▼ $144,240
Total Assets$2,286,335$2,379,079▲ $92,744
Other Assets Total$9,728$254,542▲ $244,814
Liabilities
Other Liabilities$104,614$293,625▲ $189,011
Deferred Revenue$73,478$0▼ $73,478
Accounts Payable and Accrued Expenses$5,797$5,979▲ $182
Total Liabilities$183,889$299,604▲ $115,715
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,102,446$2,079,475▼ $22,971
Total Net Assets Fund Balance$2,102,446$2,079,475▼ $22,971
Total Liabilities and Net Assets / Fund Balance$2,286,335$2,379,079▲ $92,744

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$116,125--
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleOtherTotal
Maureen S Garceau1st Assistant Collector/treasurer$149,037$149,037
Inez FosterBoard Member$110,408$110,408
Brianna MillorChairperson$67,598$67,598
John RomanoBoard Member$53,903$53,903
Kevin TranBoard Member$48,360$48,360

Board Members and Trustees

NameTitle
Dion IrishTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$172,078
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-96,450
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$268,528
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$9,395--$9,395
Other Expenses$7,443--$7,443
Fees for Services Accounting$5,979--$5,979
Fees for Service Investment Mgmnt Fees$92--$92
Total Functional Expenses$268,528$0$0$268,528
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Inflow of Resources Related to Lease Receivable$184,591
Due to Related Party$82,994
Security Deposits$26,040
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The corporation does not have other committees other than the board of directors.”

Form 990, Part VI, Section B, Line 11B

“A copy of the form 990 is provided to the organization's executive committee and board of directors for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is detailed in the organizations bylaws. Board members and officers are required to immediately disclose any conflicts of interest and this is monitored by the board president.”

Form 990, Part VI, Section C, Line 19

“The corporation makes its governing documents, conflict of interest policy, and combining financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Ferdinand Building Development
EIN
45-3587147
Phone
6176354140
Address
1 CITY HALL SQUARE M-5, BOSTON, MA 02201

Signing Officer

Name
Maureen Garceau
Title
First Asst Collector/treasurer
Phone
6176354140
Signed
2023-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maureen Garceau
Formed
2011
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
3

Preparer

Firm
Withum Smith Brown Pc
Address
25 BRAINTREE HILL OFC PK SUITE 102, BRAINTREE, MA 02184
Preparer
Steven J Cohen
Phone
6174711120
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Section A, Line 2C

“The organization has not changed the process for oversight of the audit and selection of the independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“The corporation follows the accounting for uncertainty in income taxes standard, which requires the corporation to report uncertain tax positions, related interest and penalties, and to adjust its assets and liabilities related to unrecognized tax benefits and accrued interest and penalties accordingly. As of june 30, 2022, the corporation determined that there are no material unrecognized tax benefits to report. Information returns filed for the past three years (or since inception) remain subject to examination by the internal revenue service and massachusetts. The corporation does not expect that the amounts of unrecognized tax benefits will change significantly within the next twelve months.”

Raw XML AppendixShowing 400 of 437 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05797
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05979
IRS990/AccountsReceivableGrp/BOYAmt0148862
IRS990/AccountsReceivableGrp/EOYAmt04622
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO STIMULATE NEW ECONOMIC DEVELOPMENT IN ONE OF BOSTON'S MOST UNDERDEVELOPED NEIGHBORHOODS, AS WELL AS TO LOCATE A NEW BOSTON PUBLIC SCHOOLS ("BPS") HEADQUARTER IN THE DEMOGRAPHIC CENTER OF BOSTON'S SCHOOL POPULATION. THE MOST SIGNIFICANT ACTIVITIES HAVE BEEN TO ACQUIRE THE SITE, FINANCE, CONSTRUCT AND LEASE A 215,000 SQUARE FOOT BUILDING IN DUDLEY SQUARE IN BOSTON, MA, TO BE OCCUPIED BY BPS, AND LEASED TO THE CITY OF BOSTON.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CITY OF BOSTON TREASURY DEPT
IRS990/BooksInCareOfDetail/PhoneNum06176354140
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01 CITY HALL SQUARE ROOM M-5
IRS990/BooksInCareOfDetail/USAddress/CityNm0BOSTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002201
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt02089331
IRS990/CashNonInterestBearingGrp/EOYAmt02067063
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0268528
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0172078
IRS990/CYRevenuesLessExpensesAmt0-96450
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0268528
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0172078
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt073478
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0TO STIMULATE NEW ECONOMIC DEVELOPMENT IN ONE OF BOSTON'S MOST UNDERDEVELOPED NEIGHBORHOODS, AS WELL AS TO LOCATE A NEW BOSTON PUBLIC SCHOOLS ("BPS") HEADQUARTER IN THE DEMOGRAPHIC CENTER OF BOSTON'S SCHOOL POPULATION. THE MOST SIGNIFICANT ACTIVITIES HAVE BEEN TO ACQUIRE THE SITE, FINANCE, CONSTRUCT AND LEASE A 215,000 SQUARE FOOT BUILDING IN DUDLEY SQUARE IN BOSTON, MA, TO BE OCCUPIED BY BPS, AND LEASED TO THE CITY OF BOSTON.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0268528
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt05979
IRS990/FeesForServicesAccountingGrp/TotalAmt05979
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt09395
IRS990/FeesForServicesLegalGrp/TotalAmt09395
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt092
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt092
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt028842
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110799
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt228842
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt38982
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt426388
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt58982
IRS990/Form990PartVIISectionAGrp/PersonNm0MAUREEN S GARCEAU
IRS990/Form990PartVIISectionAGrp/PersonNm1BRIANNA MILLOR
IRS990/Form990PartVIISectionAGrp/PersonNm2DION IRISH
IRS990/Form990PartVIISectionAGrp/PersonNm3KEVIN TRAN
IRS990/Form990PartVIISectionAGrp/PersonNm4INEZ FOSTER
IRS990/Form990PartVIISectionAGrp/PersonNm5JOHN ROMANO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0120195
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt156799
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2134954
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt339378
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt484020
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt544921
IRS990/Form990PartVIISectionAGrp/TitleTxt01ST ASSISTANT COLLECTOR/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0172078
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO STIMULATE NEW ECONOMIC DEVELOPMENT IN ONE OF BOSTON'S MOST UNDERDEVELOPED NEIGHBORHOODS, AS WELL AS TO LOCATE A NEW BOSTON PUBLIC SCHOOLS ("BPS") HEADQUARTER IN THE DEMOGRAPHIC CENTER OF BOSTON'S SCHOOL POPULATION. THE MOST SIGNIFICANT ACTIVITIES HAVE BEEN TO ACQUIRE THE SITE, FINANCE, CONSTRUCT AND LEASE A 215,000 SQUARE FOOT BUILDING IN DUDLEY SQUARE IN BOSTON, MA, TO BE OCCUPIED BY BPS, AND LEASED TO THE CITY OF BOSTON.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02102446
IRS990/NetAssetsOrFundBalancesEOYAmt02079475
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02102446
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02079475
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09728
IRS990/OtherAssetsTotalGrp/EOYAmt0254542
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1MAINTENANCE EXPENSE
IRS990/OtherExpensesGrp/Desc2121A TAX EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt0184135
IRS990/OtherExpensesGrp/ProgramServicesAmt161484
IRS990/OtherExpensesGrp/ProgramServicesAmt27443
IRS990/OtherExpensesGrp/TotalAmt0184135
IRS990/OtherExpensesGrp/TotalAmt161484
IRS990/OtherExpensesGrp/TotalAmt27443
IRS990/OtherLiabilitiesGrp/BOYAmt0104614
IRS990/OtherLiabilitiesGrp/EOYAmt0293625
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MAUREEN GARCEAU
IRS990/PriorPeriodAdjustmentsAmt073478
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM RELATED INVEST
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0164563
IRS990/ProgramServiceRevenueGrp/ExclusionAmt17515
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0164563
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17515
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0310395
IRS990/PYOtherRevenueAmt04879067
IRS990/PYProgramServiceRevenueAmt0193437
IRS990/PYRevenuesLessExpensesAmt04762109
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0310395
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05072504
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-96450
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0172078
IRS990/SavingsAndTempCashInvstGrp/BOYAmt038414
IRS990/SavingsAndTempCashInvstGrp/EOYAmt052852
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0046001380
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CITY OF BOSTON
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0747
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1137670
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2116125
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INTEREST - LEASE RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LEASE RECEIVABLE - CURRENT PORTION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2LEASE RECEIVABLE - NON - CURRENT PORTION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026040
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt182994
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2184591
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED INFLOW OF RESOURCES RELATED TO LEASE RECEIVABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION FOLLOWS THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES STANDARD, WHICH REQUIRES THE CORPORATION TO REPORT UNCERTAIN TAX POSITIONS, RELATED INTEREST AND PENALTIES, AND TO ADJUST ITS ASSETS AND LIABILITIES RELATED TO UNRECOGNIZED TAX BENEFITS AND ACCRUED INTEREST AND PENALTIES ACCORDINGLY. AS OF JUNE 30, 2022, THE CORPORATION DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS TO REPORT. INFORMATION RETURNS FILED FOR THE PAST THREE YEARS (OR SINCE INCEPTION) REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND MASSACHUSETTS. THE CORPORATION DOES NOT EXPECT THAT THE AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT TWELVE MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0254542
IRS990ScheduleD/TotalLiabilityAmt0293625
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0134954
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt028842
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DION IRISH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0163796
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION DOES NOT HAVE OTHER COMMITTEES OTHER THAN THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS DETAILED IN THE ORGANIZATIONS BYLAWS. BOARD MEMBERS AND OFFICERS ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY CONFLICTS OF INTEREST AND THIS IS MONITORED BY THE BOARD PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CORPORATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND COMBINING FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS NOT CHANGED THE PROCESS FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, SECTION A, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0CITY OF BOSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0DUDLEY SQUARE REALTY CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1CITY OF BOSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0453587059
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1046001380
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1115
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROVIDE A FOUNDATION FOR NEW ECONOMIC DEVELOPMENT IN BOSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO PROVIDE FINANCIAL AND BUSINESS OPERATION SUPPORT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01 CITY HALL SQUARE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11 CITY HALL SQUARE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BOSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1BOSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002201
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd102201
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt082994
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1184591
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ACTUAL COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0DUDLEY SQUARE REALTY CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CITY OF BOSTON
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1K
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02286335
IRS990/TotalAssetsEOYAmt02379079
IRS990/TotalAssetsGrp/BOYAmt02286335
IRS990/TotalAssetsGrp/EOYAmt02379079
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0268528
IRS990/TotalFunctionalExpensesGrp/TotalAmt0268528
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0183889
IRS990/TotalLiabilitiesEOYAmt0299604
IRS990/TotalLiabilitiesGrp/BOYAmt0183889
IRS990/TotalLiabilitiesGrp/EOYAmt0299604
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02102446
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02079475
IRS990/TotalOtherCompensationAmt0112835
IRS990/TotalProgramServiceExpensesAmt0268528
IRS990/TotalProgramServiceRevenueAmt0172078
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0172078
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0172078
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02286335
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02379079
IRS990/TotReportableCompRltdOrgAmt0480267
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01 CITY HALL SQUARE M-5
IRS990/USAddress/CityNm0BOSTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002201
IRS990/VotingMembersGoverningBodyCnt03

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,379,079
Liabilities
$299,604
Net assets
$2,079,475
Revenue
$172,078
Expenses
$268,528
Net income
-$96,450
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$2.55$0.40$2.15$0.16$0.10$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.38$0.30$2.08$0.17$0.27$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.29$0.18$2.10$5.07$0.31$4.76
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.66$10.3$2.66$1.98$31.0$29.0
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.2$8.80$26.4$2.21$1.68$0.54
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.7$7.84$25.8$2.17$1.65$0.52
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.5$7.18$25.3$2.22$2.16$0.06
2016Detailed filing. Detailed filing data is available for this year.$31.0$5.81$25.2$1.89$2.27$0.38
2015Detailed filing. Detailed filing data is available for this year.$30.5$4.89$25.6$0.83$1.79$0.96
2014Detailed filing. Detailed filing data is available for this year.$29.8$3.22$26.6$0.29$1.58$1.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.5$1.64$27.9$1.64