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Nonprofit · EIN 04-2752507

CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION

Tax-exempt · DORCHESTER, MA 02124

Financials

$6.7M$5.2M2023$9.9M$5.5M2024
Revenue Expenses · by fiscal year end
Financials of CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990 (amended)$9,880,063$5,522,264$4,357,799$59,515,148$14,837,952$44,677,196
December 31, 2023990$6,746,858$5,207,169$1,539,689$64,073,907$23,755,550$40,318,357
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,406,375
of which government grants
$875,051
Program service revenue
$3,687,985
Investment income
$2,796
Other revenue
$3,782,907

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$540,410
Other salaries and wages
$1,884,622
Salaries, compensation and benefits (total)
$2,956,672
Professional fundraising fees
$0
Legal fees
$89,253
Occupancy
$614,683
Depreciation
$310,381
Program services (functional)
$5,090,866
Management and general (functional)
$419,677
Fundraising (functional)
$11,721

Balance sheet and other

Total assets, start of year
$64,073,907
Total assets, end of year
$59,515,148
Total liabilities, end of year
$14,837,952
Net assets, end of year
$44,677,196
Land, buildings and equipment
$11,504,676
Net assets without donor restrictions
$44,232,612
Net assets with donor restrictions
$444,584
Gross receipts
$9,880,063
Employees
28
Volunteers
51
Year formed
1981
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.

NameTitleHours / weekCompensationOther / benefits
GAIL LATIMOREEXECUTIVE DIRECTOR
Officer
40$193,022$21,215
MARCIA THORNHILLCHIEF OPERATING OFFICER
Officer
40$155,923$11,121
FUK WAH VINCENT LODIRECTOR OF FINANCE
Officer
40$135,806$23,322
MEREDITH GERAGHTYVP OF BASE BUILDING STRATEGY
Highest-paid employee
40$118,567$33,422
TIMOTHY CAPLICEDIRECTOR OF REAL ESTATE & ASSET MANAGEMENT
Highest-paid employee
40$140,860$0
LATISHIA CROSBY-MUTURICHAIR
Trustee or director, Officer
5$0$0
KATHALENE CAIRNS MACPHERSONBOARD MEMBER
Trustee or director, Officer
5$0$0
ANNETT MCCLANAHANTREASURER
Trustee or director, Officer
5$0$0
CARLA RICHARDSSECRETARY
Trustee or director, Officer
5$0$0
LINDA MONTEIROASSISTANT SECRETARY
Trustee or director, Officer
5$0$0
TANYA WESLEY-WHITEBOARD MEMBER
Trustee or director
5$0$0
WHITNEY DEMETRIUSBOARD MEMBER
Trustee or director
5$0$0
KEVIN BENJAMINBOARD MEMBER
Trustee or director
5$0$0
MARGO BLACKWELL-MOQUINBOARD MEMBER
Trustee or director
5$0$0
MARIDENA ROJASBOARD MEMBER
Trustee or director
5$0$0
1 more people on this return
NameTitleHours / weekCompensation
ALPHONSO PELEOBOARD MEMBER
Trustee or director
5$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationOther / benefits
GAIL LATIMOREEXECUTIVE DIRECTOR
Officer
40$194,150$19,402
MARCIA THORNHILLCHIEF OPERATING OFFICER
Officer
40$151,474$10,134
FUK WAH VINCENT LODIRECTOR OF FINANCE
Officer
40$131,201$22,370
LEROY GIBSONCO-CHAIR
Trustee or director, Officer
5$0$0
LATISHIA CROSBY-MUTURICO-CHAIR
Trustee or director, Officer
5$0$0
ANNETT MCCLANAHANTREASURER
Trustee or director, Officer
5$0$0
LAQUISA BURKESECRETARY
Trustee or director, Officer
5$0$0
CARLA RICHARDSBOARD MEMBER
Trustee or director
5$0$0
TANYA WESLEY-WHITEBOARD MEMBER
Trustee or director
5$0$0
LINDA MONTEIROBOARD MEMBER
Trustee or director
5$0$0
TRINA RUFFINBOARD MEMBER
Trustee or director
5$0$0
WHITNEY DEMETRIUSBOARD MEMBER
Trustee or director
5$0$0
KEVIN BENJAMINBOARD MEMBER
Trustee or director
5$0$0

Address and contacts

Address (IRS master file)
587 WASHINGTON ST, DORCHESTER, MA 02124-2033
Principal officer (990 for 2024)
GAIL LATIMORE, 587 WASHINGTON STREET, DORCESTER, MA 02124
Signed the 990
GAIL LATIMORE, EXECUTIVE DIRECTOR
Phone
(617) 825-4224
Return prepared by
DANIEL DENNIS & COMPANY LLP

Mission

TO DEVELOP AFFORDABLE HOUSING,GENERATE NEIGHBORHOOD STABILIZATION, PROMOTE ECONOMIC DEVELOPMENT, AND PROVIDE SERVICES THAT ENHANCE THE SENSE OF COMMUNITY AND QUALITY OF LIFE TO RESIDENTS IN THE CODMAN SQUARE AREA OF DORCHESTER, MA.

990 for the year ended December 31, 2024

Program accomplishments

  • ASSET MANAGEMENT IS THE OWNERSHIP AND MANAGEMENT OF PROPERTIES CSNDC HAS DEVELOPED IN THE PAST. THESE EFFORTS ARE AIMED AT ENSURING THAT THE PROPERTIES MEET THE NEEDS OF THEIR LOW TO MODERATE INCOME RESIDENTS AS WELL AS MAINTAINING THE FINANCIAL VIABILITY OF THESE PROPERTIES IN THE FUTURE.
    Expenses $2,021,845 · revenue $1,562,487
  • REAL ESTATE DEVELOPMENT - DEVELOPMENT INCLUDES CSNDC'S AND ITS SUBSIDIARIES' EFFORTS TO REHABILITATE RESIDENTIAL AND COMMERCIAL PROPERTIES IN THE CODMAN SQUARE NEIGHBORHOOD.
    Expenses $1,090,636 · revenue $977,958
  • RESIDENT SERVICES - RESIDENT SERVICES PROVIDES SOCIAL SERVICES FOR RESIDENTS OF THE PROPERTIES WHICH CSNDC HAS DEVELOPED AS WELL AS PROVIDING FOR THE INVOLVEMENT OF THESE RESIDENTS IN VARIOUS COMMUNITY DEVELOPMENT AND YOUTH PROGRAMS.
    Expenses $1,430,165 · revenue $332,429
  • MANAGED AFFORDABLE HOUSING DEVELOPMENTS TO ENSURE THE NEEDS OF THE RESIDENTS WERE MET AS WELL AS PRESERVING THE FINACIAL VIABILITY OF THE DEVELOPMENTS
    Expenses $548,220 · revenue $4,600,814

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
04-2752507
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1982
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$59,515,148
Income (IRS master file)
$9,880,063

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$9,880,063$5,522,264$59,515,148XML
990December 2023$6,746,858$5,207,169$64,073,907XML
990December 2022$7,754,039$6,185,997$52,535,494IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 04-2752507).

Questions about CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION

What is the EIN of CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION?
The employer identification number (EIN) of CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION is 04-2752507.
Is CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
Are donations to CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION 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 CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION 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 CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION 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 CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names GAIL LATIMORE.
Who are the officers and directors of CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 16 people; 5 received compensation from the organization, the highest $193,022 (GAIL LATIMORE, EXECUTIVE DIRECTOR).
How much revenue does CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $9,880,063, expenses of $5,522,264 and total assets of $59,515,148 at year end.

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