Nonprofit · EIN 04-2666507
FENWAY COMMUNITY DEVELOPMENT CORP
Also known as STEVEN FARRELL
Tax-exempt · BOSTON, MA 02115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,792,255 | $7,226,614 | $2,565,641 | $67,251,784 | $52,575,136 | $14,676,648 |
| December 31, 2023 | 990 | $7,575,165 | $8,029,208 | -$454,043 | $72,353,971 | $61,241,784 | $11,112,187 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,049,689
- of which government grants
- $80,193
- Program service revenue
- $6,836,305
- Investment income
- $855,624
- Net gain from sales of assets
- $184,669
- Net income from fundraising events
- -$47,820
- Other revenue
- $50,637
Expenses
- Grants and similar amounts paid
- $21,417
- Compensation of officers, directors and key employees
- $260,001
- Other salaries and wages
- $1,503,154
- Salaries, compensation and benefits (total)
- $2,094,473
- Professional fundraising fees
- $0
- Legal fees
- $52,461
- Accounting fees
- $148,477
- Occupancy
- $3,025,520
- Depreciation
- $753,699
- Program services (functional)
- $6,463,714
- Management and general (functional)
- $362,549
- Fundraising (functional)
- $400,351
Balance sheet and other
- Total assets, start of year
- $72,353,971
- Total assets, end of year
- $67,251,784
- Total liabilities, end of year
- $52,575,136
- Net assets, end of year
- $14,676,648
- Land, buildings and equipment
- $41,901,940
- Net assets without donor restrictions
- $13,238,971
- Net assets with donor restrictions
- $1,437,677
- Gross receipts
- $11,363,995
- Employees
- 20
- Volunteers
- 56
- Year formed
- 1973
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SUNEETH JOHN | DEPUTY DIR. & HEAD OF REAL ESTATE Highest-paid employee | 39.6 | $213,949 | $9,462 |
| STEVEN FARRELL | EXECUTIVE DIRECTOR (AS OF 3/24) Officer | 39.8 | $138,877 | $19,498 |
| LIAN KIM TAN-HARD | DIRECTOR OF DEVT. & MKTG. Highest-paid employee | 40 | $104,884 | $14,920 |
| LEAH CAMHI | EXECUTIVE DIRECTOR (UNTIL 4/24) Officer | 40 | $95,566 | $5,060 |
| NIKKI FLIONIS | PRESIDENT/BOARD MEMBER (UNTIL 4/24) Trustee or director, Officer | 0.5 | $0 | $0 |
| SARAH JENNESS | VP(TIL 4/24)/PRES/BOARD MEMBER Trustee or director, Officer | 2 | $0 | $0 |
| DOLORES BOOGDANIAN | VP (AS OF 5/24)/ BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| TIMOTHY COAKLEY | TREASURER/BOARD MEMBER Trustee or director, Officer | 2 | $0 | $0 |
| JAMES SMITH | CLERK ( AS OF 5/24)/ BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| SHENEAL PARKER | CLERK/BOARD MEMBER (UNTIL 4/24) Trustee or director, Officer | 0.25 | $0 | $0 |
| ROSARIA SALERNO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AMELIA HILL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ERIC DANIEL | BOARD MEMBER (AS OF 4/24) Trustee or director | 1 | $0 | $0 |
| ROBERT PARKER-MASON | BOARD MEMBER (AS OF 4/24) Trustee or director | 1 | $0 | $0 |
| MARY ELIZABETH PETERS | BOARD MEMBER (AS OF 4/24) Trustee or director | 1 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTIN WARD | BOARD MEMBER (AS OF 4/24) Trustee or director | 1 | $0 |
| MARK WINKELLER | BOARD MEMBER (AS OF 6/24) Trustee or director | 1 | $0 |
| CATHY VAN BUI | BOARD MEMBER (AS OF 4/24) Trustee or director | 1 | $0 |
| TADESSE ZERIHUN | BOARD MEMBER (AS OF 4/24) Trustee or director | 1 | $0 |
| GREGORY PAULSON HAIG | BOARD MEMBER (UNTIL 4/24) Trustee or director | 0.5 | $0 |
| MATTHEW WILDMAN | BOARD MEMBER (UNTIL 4/24) Trustee or director | 1 | $0 |
| RYAN BOXILL | BOARD MEMBER (UNTIL 12/24) Trustee or director | 1 | $0 |
| BRIAN CLAGUE | BOARD MEMBER (UNTIL 12/24) Trustee or director | 1 | $0 |
| NILDA HUGHES | BOARD MEMBER (UNTIL 4/2024) Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SUNEETH JOHN | DEPUTY DIRECTOR & HEAD OF REAL ESTATE Highest-paid employee | 40 | $173,199 | $7,534 |
| LEAH CAMHI | EXECUTIVE DIRECTOR Officer | 39.6 | $165,464 | $9,409 |
| LIAN KIM TAN-HARD | DIRECTOR OF DEVELOPMENT & MARKETING Highest-paid employee | 40 | $100,717 | $14,920 |
| NIKKI FLIONIS | PRESIDENT/BOARD MEMBER Trustee or director, Officer | 2 | $0 | $0 |
| MATHEW THALL | VP/BOARD MEMBER (UNTIL 12/2023) Trustee or director, Officer | 1 | $0 | $0 |
| SARAH JENNESS | VP/BOARD MEMBER Trustee or director, Officer | 2 | $0 | $0 |
| TIMOTHY COAKLEY | TREASURER/BOARD MEMBER Trustee or director, Officer | 2 | $0 | $0 |
| MIA JEAN-SICARD | CLERK/BOARD MEMBER (UNTIL 4/2023) Trustee or director, Officer | 2 | $0 | $0 |
| SHENEAL PARKER | CLERK/BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| GREGORY PAULSON HAIG | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| RYAN BOXILL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN CLAGUE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATTHEW WILDMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROSARIA SALERNO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NILDA HUGHES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AMELIA HILL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DOLORES BOOGDANIAN | BOARD MEMBER (AS OF 4/2023) Trustee or director | 1 | $0 | $0 |
| JOANNE MCKENNA | BOARD MEMBER (UNTIL 5/2023) Trustee or director | 1 | $0 | $0 |
| SONYA BHABHALIA | BOARD MEMBER (UNTIL 4/2023) Trustee or director | 1 | $0 | $0 |
| FRANKLIN ROSS | BOARD MEMBER (UNTIL 4/2023) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 70 BURBANK STREET, BOSTON, MA 02115-3666
- Principal officer (990 for 2024)
- STEVEN FARRELL, 70 BURBANK STREET, BOSTON, MA 02115
- Signed the 990
- STEVEN FARRELL, EXECUTIVE DIRECTOR
- Phone
- (617) 267-4637
- Website
- WWW.FENWAYCDC.ORG
- Return prepared by
- AAFCPAS INC
Mission
FENWAY CDC WORKS TO PRESERVE THE FENWAY AS A VIBRANT AND DIVERSE NEIGHBORHOOD BY DEVELOPING AFFORDABLE HOUSING, PROVIDING PROGRAMS THAT ENRICH LIVES, AND STRENGTHENING COMMUNITY VOICES.
Program accomplishments
- RENTAL PROPERTIES - IN 2024, OUR WHOLLY-OWNED RENTAL PROPERTIES INCLUDED: 15-25 HEMENWAY STREET HOUSING WHICH IS A 24-UNIT MIXED INCOME HOUSING PROPERTY ; FENWAY APARTMENTS, LLC WHICH COMPRISES 22 UNITS OF AFFORDABLE HOUSING AT 108 PETERBOROUGH STREET.; NEW FENWAY WESTLAND, LLC WHICH IS A 96 UNIT MIXED-INCOME HOUSING DEVELOPMENT; AND 43 HEMENWAY DEVELOPER LLC WHICH IS A 6-UNIT RENTAL PROPERTY. ADDITIONALLY, THROUGH OUR HOUSING DEVELOPMENT AND ASSET MANAGEMENT PROGRAMS, FENWAY CDC CONTROLS FOUR OTHER AFFORDABLE HOUSING PROPERTIES. FENWAY CDC ALSO PURSUED OPPORTUNITIES TO PRESERVE EXISTING AND BUILD NEW AFFORDABLE HOUSING AS DESCRIBED IN SCHEDULE O UNDER OTHER PROGRAM SERVICES.Expenses $4,457,651 · revenue $4,940,379
- 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 $476,808
- 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 $891,156 · revenue $1,994,383
- 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 RESIDENTSExpenses $198,455
- 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 $439,644 · grants $21,417
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2666507
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L25Z)
- Assets (IRS master file)
- $67,251,784
- Income (IRS master file)
- $11,363,995
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,792,255 | $7,226,614 | $67,251,784 | XML |
| 990 | December 2023 | $7,575,165 | $8,029,208 | $72,353,971 | XML |
| 990 | December 2022 | $5,660,025 | $5,857,286 | $50,666,200 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2666507).
Questions about FENWAY COMMUNITY DEVELOPMENT CORP
- What is the EIN of FENWAY COMMUNITY DEVELOPMENT CORP?
- The employer identification number (EIN) of FENWAY COMMUNITY DEVELOPMENT CORP is 04-2666507.
- Is FENWAY COMMUNITY DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to FENWAY COMMUNITY DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FENWAY COMMUNITY DEVELOPMENT CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FENWAY COMMUNITY DEVELOPMENT CORP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FENWAY COMMUNITY DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FENWAY COMMUNITY DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 names STEVEN FARRELL.
- Who are the officers and directors of FENWAY COMMUNITY DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 lists 24 people; 4 received compensation from the organization, the highest $213,949 (SUNEETH JOHN, DEPUTY DIR. & HEAD OF REAL ESTATE).
- How much revenue does FENWAY COMMUNITY DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,792,255, expenses of $7,226,614 and total assets of $67,251,784 at year end.
Other nonprofits in BOSTON
- METROPOLITAN BOSTON HOUSING PARTNERSHIP INC EIN 04-2775991 · last filed 990 for 2025
- PRESERVATION OF AFFORDABLE HOUSING INC EIN 31-1616634 · last filed 990 for 2024
- COMMUNITY BUILDERS INC EIN 04-2324773 · last filed 990 for 2024
- RTH MISSION PARK REALTY CORPORATION EIN 46-3458076 · last filed 990 for 2025
- HEADING HOME INC EIN 23-7364546 · last filed 990 for 2025
- NEW HOPE COMMUNITY CAPITAL INC EIN 04-3292614 · last filed 990 for 2024
- ROSIES PLACE INC EIN 04-2582187 · last filed 990 for 2025
- MASSACHUSETTS HOUSING INVESTMENT CORP EIN 04-3094550 · last filed 990 for 2025
All nonprofits in BOSTON · Massachusetts · Housing and shelter