Civic Intelligence

Black Net Worth Development Assoc

EIN 84-3787541 • 501(c)3 • Boston, MA

Profile

Increase net worth of black bostonians

60 Dudley StreetBoston, MA 02119
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

46th percentile

0.0%

Higher net margin than 46% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

92nd percentile

100%

Faster asset growth than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

53rd percentile

0.0%

Faster revenue growth than 53% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$2

Up $2 from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$2

Up $2 from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin46th percentile

Revenue

Up

$46,965

Up $2 (+0.0%) from 2023

Expenses

Flat

$46,963

Flat from 2023

Net Income

Up

$2

Up $2 from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth92nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2$1$0Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $2Liabilities 2024: $0Net Assets 2024: $22024

Highlighted filing

2024

Assets$2
Liabilities$0
Net Assets$2
Open 2024 Filing

Operations Trend

Revenue Growth53rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0Revenue 2021: $46,963Expenses 2021: $46,963Net Income 2021: $02021Revenue 2023: $46,963Expenses 2023: $46,963Net Income 2023: $02023Revenue 2024: $46,965Expenses 2024: $46,963Net Income 2024: $22024

Highlighted filing

2024

Revenue$46,965
Expenses$46,963
Net Income$2
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2
Liabilities
$0
Net assets
$2
Revenue
$46,965
Expenses
$46,963
Net income
$2
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$47.0$47.0$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$47.0$47.0$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$47.0$47.0$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$82,306
Mission and Program Overview

Mission

To provide housing and other resources to low income and disinfranchised african americans of slavery ancestry in the city of boston.

Program Services

DescriptionGrantsExpenses
VAN GOUGH PROJECT- EXHIBITION OF THE ARTIST VAN GOUGH ART WORK IN VARIOUS COMMUNITIES AND CITIES TO ACQUIRE FUNDS FOR HOUSING INITIATIVES.$0$35,341
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DUANE OSBORNPresidentFT$0--
Filing and Contact Details

Filer

Filer Name
Black Net Worth Development
EIN
84-3787541
Phone
6178662593
Address
60 DUDLEY STREET, BOSTON, MA 02119

Signing Officer

Name
Duane Osborn
Title
President
Phone
6178662593
Signed
2025-11-17
Discuss with paid preparer
Yes

Preparer

Firm
Lhr & Associates LLC
Address
1660 Soldiers Field Road, Brighton, MA 02135
Preparer
Leighton H Richardson
Phone
6178293914
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 7 - Sales of Inventory

“Income: Gross Receipts: 0. Returns and Allowances: 0. Less Cost of Goods Sold: 35,341. Gross Profit: -35,341. Cost of Goods Sold: Inventory at Beginning of Year: 0. Merchandise Purchased: 35,341. Cost of Labor: 0. Materials and Supplies: 0. Other Costs: 0. Inventory at End of Year: 0. Cost of Goods Sold: 35,341.”

Form 990-EZ, Part I, Line 16 - Other Expenses

“Description: OTHER EXPENSES. Amount: 24,518.”

Raw XML Appendix145 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
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/PersonNm0DUANE OSBORN
IRS990EZ/BooksInCareOfDetail/PhoneNum06178662593
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt060 DUDLEY STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BOSTON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd002119
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt00
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IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
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IRS990EZ/DirectIndirectPltclExpendAmt00
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IRS990EZ/GrossProfitLossSlsOfInvntryAmt0-35341
IRS990EZ/GrossReceiptsAmt082306
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
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IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt00
IRS990EZ/NetAssetsOrFundBalancesEOYAmt02
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt02
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DUANE OSBORN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
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IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE HOUSING AND OTHER RESOURCES TO LOW INCOME AND DISINFRANCHISED AFRICAN AMERICANS OF SLAVERY ANCESTRY IN THE CITY OF BOSTON.
IRS990EZ/ProgramServiceRevenueAmt056145
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0VAN GOUGH PROJECT- EXHIBITION OF THE ARTIST VAN GOUGH ART WORK IN VARIOUS COMMUNITIES AND CITIES TO ACQUIRE FUNDS FOR HOUSING INITIATIVES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt022445
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/TanningServicesProvidedInd00
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IRS990EZ/TotalRevenueAmt046965
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt026160
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt026160
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt026160
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0104641
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt056145
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt056144
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt056144
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0224577
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
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IRS990ScheduleA/PublicSupportTotal509Amt0329218
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt082306
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IRS990ScheduleA/Total509Grp/TotalAmt0329218
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt082306
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt082304
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt082304
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt082304
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0329218
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Income: Gross Receipts: 0. Returns and Allowances: 0. Less Cost of Goods Sold: 35,341. Gross Profit: -35,341. Cost of Goods Sold: Inventory at Beginning of Year: 0. Merchandise Purchased: 35,341. Cost of Labor: 0. Materials and Supplies: 0. Other Costs: 0. Inventory at End of Year: 0. Cost of Goods Sold: 35,341.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: OTHER EXPENSES. Amount: 24,518.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 7 - Sales of Inventory
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16 - Other Expenses
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DUANE OSBORN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06178662593
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Black Net Worth Development
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BLAC
ReturnHeader/Filer/EIN0843787541
ReturnHeader/Filer/PhoneNum06178662593
ReturnHeader/Filer/USAddress/AddressLine1Txt060 DUDLEY STREET
ReturnHeader/Filer/USAddress/CityNm0BOSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0881231974
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01660 Soldiers Field Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Brighton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002135
ReturnHeader/PreparerPersonGrp/PhoneNum06178293914
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LEIGHTON H RICHARDSON
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-11-17T21:05:18-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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