Massachusetts · Nonprofit
FENWAY COMMUNITY DEVELOPMENT CORPORATION
FENWAY COMMUNITY DEVELOPMENT CORPORATION (Massachusetts) receives grants from 25 organizations whose IRS filings report $3,985,040 to it, the largest being United Way Of Massachusetts Bay Inc ($1,503,850). 16 of them have funded it in more than one year.
- Revenue FY2024
- $9.8M
- Funders on record
- 25
- Grants received
- $4.0M
- Net assets
- $15M
What Fenway Community Development Corporation does
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.
As stated on its FY2024 Form 990.
Programs
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.
$4,457,651 spent$4,940,379 earned by the program69% of program spendingResident 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.
$476,808 spent7% of program spendingAffordable 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.
$891,156 spent$1,994,383 earned by the program14% of program spendingAsset 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 residents
$198,455 spent3% of program spendingCommunity 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.
$439,644 spentof which $21,417 as grants7% of program spending
The 5 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $6,463,714.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $16M to $45M (+181%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 2% · 2018 1% · 2019 1% · 2020 1% · 2021 11% · 2022 1% · 2023 1% · 2024 1%. Grants only. Government contracts and fees sit inside program revenue.
21% of FENWAY COMMUNITY DEVELOPMENT CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (39% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base broadened from 7 funders to 15 funders, grant income rose $349k → $732k.
3 of 25 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 1% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of FENWAY COMMUNITY DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
FENWAY COMMUNITY DEVELOPMENT CORPORATION leans on a few funders — its largest provides 38% of grant income and the top three 72%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
79% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund FENWAY COMMUNITY DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2017 51% · 2018 53% · 2019 50% · 2020 52% · 2021 32% · 2022 37% · 2023 50% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
67% of FENWAY COMMUNITY DEVELOPMENT CORPORATION's funders are still giving 3 years after their first grant; 64% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
98% of FENWAY COMMUNITY DEVELOPMENT CORPORATION's grant income comes from Massachusetts funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $56k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
FENWAY COMMUNITY DEVELOPMENT CORPORATION runs a healthier operating margin than three-quarters of the 3,973 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 3,973 housing & shelter nonprofits $1M–$10M, FY2024
Government funding FENWAY COMMUNITY DEVELOPMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $10k on record.
- (PP) STATE AID/POL SUB$10k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like FENWAY COMMUNITY DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
89% of spending goes to programs.
Governance
Public support
84%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 27 related entities
- Fenway Apartments LLC · disregarded
- Westland Avenue Apartments LLC · disregarded
- Burbank Gardens Acquisition LLC · disregarded
- Fenway Ns Acquisition LLC · disregarded
- Susan Bailis Slp LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for FENWAY COMMUNITY DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds FENWAY COMMUNITY DEVELOPMENT CORPORATION?
- FENWAY COMMUNITY DEVELOPMENT CORPORATION (Massachusetts) receives grants from 25 organizations whose IRS filings report $3,985,040 to it, the largest being United Way Of Massachusetts Bay Inc ($1,503,850). 16 of them have funded it in more than one year.
- How many funders does FENWAY COMMUNITY DEVELOPMENT CORPORATION have?
- IRS filings report 25 organizations giving $3,985,040 in grants to FENWAY COMMUNITY DEVELOPMENT CORPORATION, 16 of which have funded it in more than one year.
- Who is the largest funder of FENWAY COMMUNITY DEVELOPMENT CORPORATION?
- United Way Of Massachusetts Bay Inc is the largest funder on record, with $1,503,850 in grants. The full list of funders is on this page.
- How can an organization like FENWAY COMMUNITY DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 25 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing