Nonprofit · EIN 22-2813032
COMMUNITY DEVELOPMENT INC
Tax-exempt · BOSTON, MA 02110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $341,565 | $466,344 | -$124,779 | $1,483,016 | $235,904 | $1,247,112 |
| December 31, 2023 | 990 | $1,998,114 | $2,192,727 | -$194,613 | $1,631,654 | $259,763 | $1,371,891 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $341,565
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $225,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $8,351
- Occupancy
- $3,115
- Program services (functional)
- $454,878
- Management and general (functional)
- $11,466
Balance sheet and other
- Total assets, start of year
- $1,631,654
- Total assets, end of year
- $1,483,016
- Total liabilities, end of year
- $235,904
- Net assets, end of year
- $1,247,112
- Net assets without donor restrictions
- $1,247,112
- Gross receipts
- $341,565
- Employees
- 0
- Volunteers
- 3
- Year formed
- 1987
- 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 |
|---|---|---|---|
| NINA SCHWARZSCHILD | TREASURER/DIRECTOR Trustee or director, Officer | 0.1 | $0 |
| PHILLIP L CLAY | PRESIDENT/DIRECTOR Trustee or director, Officer | 0.1 | $0 |
| RUSSELL TANNER | DIRECTOR Trustee or director | 0.1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NINA SCHWARZSCHILD | TREASURER/DIRECTOR Trustee or director, Officer | 0.1 | $0 |
| PHILLIP L CLAY | PRESIDENT/DIRECTOR Trustee or director, Officer | 0.1 | $0 |
| RUSSELL TANNER | DIRECTOR Trustee or director | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 33 ARCH ST STE 1000, BOSTON, MA 02110-1442
- Principal officer (990 for 2024)
- PHILLIP CLAY, 33 ARCH STREET STE 1000 10TH FL, BOSTON, MA 02110
- Signed the 990
- HETAL GADA, ASSISTANT TREASURER
- Phone
- (857) 221-8600
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
COMMUNITY DEVELOPMENT,INC. (THE "CORPORATION") IS A NONPROFIT ORGANIZATION ESTABLISHED TO ACQUIRE, IMPROVE (THROUGH REHABILITATION, NEW CONSTRUCTION, OR OTHERWISE) AND TO MAKE AVAILABLE AFFORDABLE HOUSING TO PERSONS AND FAMILIES WITH LOW AND MODERATE INCOMES; TO ACQUIRE, OWN AND DISPOSE OF PARTNERSHIP OR MEMBERSHIP INTERESTS IN LIMITED PARTNERSHIPS ("LPS") OR LIMITED LIABILITY COMPANIES ("LLCS") AND STOCK IN CORPORATIONS PROVIDING HOUSING FOR THE BENEFIT OF PERSONS AND FAMILIES AS DEFINED ABOVE; AND TO PROMOTE SOCIAL WELFARE AND COMBAT COMMUNITY DETERIORATION BY IMPROVING EXISTING PROPERTY OR CREATING NEW FACILITIES WITHIN BLIGHTED, DECAYED, OR SUBSTANDARD AREAS.
Program accomplishments
- COMMUNITY DEVELOPMENT,INC. (THE "CORPORATION") IS A NONPROFIT ORGANIZATION ESTABLISHED TO ACQUIRE, IMPROVE (THROUGH REHABILITATION, NEW CONSTRUCTION, OR OTHERWISE) AND TO MAKE AVAILABLE AFFORDABLE HOUSING TO PERSONS AND FAMILIES WITH LOW AND MODERATE INCOMES; TO ACQUIRE, OWN AND DISPOSE OF PARTNERSHIP OR MEMBERSHIP INTERESTS IN LIMITED PARTNERSHIPS ("LPS") OR LIMITED LIABILITY COMPANIES ("LLCS") AND STOCK IN CORPORATIONS PROVIDING HOUSING FOR THE BENEFIT OF PERSONS AND FAMILIES AS DEFINED ABOVE; AND TO PROMOTE SOCIAL WELFARE AND COMBAT COMMUNITY DETERIORATION BY IMPROVING EXISTING PROPERTY OR CREATING NEW FACILITIES WITHIN BLIGHTED, DECAYED, OR SUBSTANDARD AREAS.Expenses $454,878 · grants $225,000 · revenue $341,565
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
- 22-2813032
- 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
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S200)
- Assets (IRS master file)
- $1,483,016
- Income (IRS master file)
- $341,565
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $341,565 | $466,344 | $1,483,016 | XML |
| 990 | December 2023 | $1,998,114 | $2,192,727 | $1,631,654 | XML |
| 990 | December 2022 | $1,808,385 | $459,544 | $1,813,777 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 22-2813032).
Questions about COMMUNITY DEVELOPMENT INC
- What is the EIN of COMMUNITY DEVELOPMENT INC?
- The employer identification number (EIN) of COMMUNITY DEVELOPMENT INC is 22-2813032.
- Is COMMUNITY DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to COMMUNITY DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY DEVELOPMENT INC 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 COMMUNITY DEVELOPMENT INC 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 COMMUNITY DEVELOPMENT INC 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 COMMUNITY DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 names PHILLIP CLAY.
- Who are the officers and directors of COMMUNITY DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does COMMUNITY DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $341,565, expenses of $466,344 and total assets of $1,483,016 at year end.
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All nonprofits in BOSTON · Massachusetts · Community improvement and capacity building