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Nonprofiteer
← DUDLEY STREET NEIGHBORHOOD INITIATIVE INC

Form 990 for tax year 2023

Filed by DUDLEY STREET NEIGHBORHOOD INITIATIVE INC.

Totals

Total revenue
$2,828,874
Total expenses
$2,734,485
Contributions and grants received
$2,633,448
Grants paid
$1,147,303
Program service revenue
$0
Investment income
$141,533
Other revenue
$53,893
Total assets, end of year
$4,631,320
Total liabilities, end of year
$685,138
Net assets or fund balances, end of year
$3,946,182
Program services expenses (Part IX)
$2,310,135
Management and general expenses
$281,811
Fundraising expenses
$142,539
Program service expenses (Part III)
$2,310,135

Program services were 84.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $534,000

  • 1f · All other contributions, gifts and grants

    $2,099,448

  • 3 · Investment income

    total $141,533 · excluded $141,533

  • 11a · Other revenue: OTHER REVENUE

    total $53,893 · related or exempt $53,893

  • 11e · Other revenue, total

    $53,893

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,112,643 · program services $1,112,643

  • 2 · Grants to domestic individuals

    total $34,660 · program services $34,660

  • 5 · Compensation of officers, directors and key employees

    total $186,999 · program services $50,184 · management and general $74,313 · fundraising $62,502

  • 7 · Other salaries and wages

    total $452,107 · program services $421,936 · fundraising $30,171

  • 9 · Other employee benefits

    total $49,395 · program services $43,610 · fundraising $5,785

  • 10 · Payroll taxes

    total $47,283 · program services $35,418 · management and general $5,103 · fundraising $6,762

  • 11b · Fees: legal

    total $11,773 · management and general $11,773

  • 11c · Fees: accounting

    total $68,777 · management and general $68,777

  • 11g · Fees: other

    total $311,828 · program services $260,361 · management and general $34,769 · fundraising $16,698

  • 13 · Office expenses

    total $78,157 · program services $30,760 · management and general $37,177 · fundraising $10,220

  • 16 · Occupancy

    total $50,554 · program services $34,771 · management and general $8,630 · fundraising $7,153

  • 17 · Travel

    total $83,471 · program services $76,290 · management and general $6,021 · fundraising $1,160

  • 19 · Conferences, conventions and meetings

    total $89,077 · program services $89,077

  • 20 · Interest

    total $19,071 · management and general $19,071

  • 22 · Depreciation, depletion and amortization

    total $6,540 · program services $4,423 · management and general $1,158 · fundraising $959

  • 23 · Insurance

    total $7,696 · program services $5,205 · management and general $1,362 · fundraising $1,129

  • 24a · Other expenses: PROGRAM/PROJECT COSTS

    total $110,417 · program services $110,417

  • 24b · Other expenses: MISCELLANEOUS

    total $14,037 · program services $380 · management and general $13,657

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,459,987 · end of year $388,944

  • 2 · Savings and temporary cash investments

    end of year $2,759,002

  • 3 · Pledges and grants receivable

    beginning of year $628,362 · end of year $930,704

  • 7 · Other notes and loans receivable

    end of year $275,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,491 · end of year $1,416

  • 10a · Land, buildings and equipment: cost or other basis

    $167,908

  • 10b · Land, buildings and equipment: accumulated depreciation

    $163,274

  • 10c · Land, buildings and equipment, net

    beginning of year $7,939 · end of year $4,634

  • 15 · Other assets

    beginning of year $387,344 · end of year $271,620

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,907 · end of year $136,977

  • 23 · Secured mortgages and notes payable

    beginning of year $334,467 · end of year $328,854

  • 25 · Other liabilities

    beginning of year $247,956 · end of year $219,307

  • 27 · Net assets without donor restrictions

    beginning of year $847,190 · end of year $103,992

  • 28 · Net assets with donor restrictions

    beginning of year $3,004,603 · end of year $3,842,190

Mission and programs · 2023

Mission

EMPOWER DUDLEY RESIDENTS TO ORGANIZE, PLAN FOR, CREATE AND CONTROL A VIBRANT, DIVERSE AND HIGH QUALITY NEIGHBORHOOD IN COLLABORATION WITH COMMUNITY PARTNERS.

  • SUSTAINABLE ECONOMIC DEVELOPMENT ENGAGES RESIDENTS, COMMUNITY PARTNERS AND OTHER STAKEHOLDERS IN PLANNING AND CONTROLLING THE PHYSICAL AND ECONOMIC DEVELOPMENT OF THE NEIGHBORHOOD IN ORDER TO MOVE TOWARDS THE VISION OF A VIBRANT AND THRIVING COMMUNITY.

    Expenses $2,310,135 · Grants $1,147,303 · Revenue $53,893

As filed on the 2023 return.

Listed in Part VII

  • John Smith

    EXECUTIVE DIRECTOR

    Total calculated
    $112,659
    From this org
    $92,552
    From related orgs
    $10,510
    Other
    $9,597
    Hours/week
    36 + 4 related

  • Sheila Dunne

    CFO

    Total calculated
    $51,233
    From this org
    $31,529
    From related orgs
    $10,284
    Other
    $9,420
    Hours/week
    30 + 10 related

  • Renata Caines

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Leonard Durant

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Samuel Hurtado

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jaypix Belmer

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Trayce Booth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Keila Barros

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Julia Centeio

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marcos Beleche

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Maria C Fernandes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Isabel Dasilva-Monteiro

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Phillip Ouellette

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Renea Duran

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sindy Ortiz Pimentel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alden Hurtado

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cristian Correia

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
29 January 2025
IRS schema version
2023v6.0
Source object
202500309349300765

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