Ferdinand Building Development Corp
- Assets
- $2.3m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 12/2011
- Data as of
- 06/2021
- EIN
- 45-3587147
Organization Overview
Ferdinand Building Development Corp is located in Boston, MA. The organization was established in 2011. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ferdinand Building Development Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Ferdinand Building Development Corp generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $310.4k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STIMULATE NEW ECONOMIC DEVELOPMENT IN ONE OF BOSTON'S MOST UNDERDEVELOPED NEIGHBORHOODS, AS WELL AS TO LOCATE A NEW BOSTON PUBLIC SCHOOLS ("BPS") HEADQUARTER IN THE DEMOGRAPHIC CENTER OF BOSTON'S SCHOOL POPULATION. THE MOST SIGNIFICANT ACTIVITIES HAVE BEEN TO ACQUIRE THE SITE, FINANCE, CONSTRUCT AND LEASE A 215,000 SQUARE FOOT BUILDING IN DUDLEY SQUARE IN BOSTON, MA, TO BE OCCUPIED BY BPS, AND LEASED TO THE CITY OF BOSTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO STIMULATE NEW ECONOMIC DEVELOPMENT IN ONE OF BOSTON'S MOST UNDERDEVELOPED NEIGHBORHOODS, AS WELL AS TO LOCATE A NEW BOSTON PUBLIC SCHOOLS ("BPS") HEADQUARTER IN THE DEMOGRAPHIC CENTER OF BOSTON'S SCHOOL POPULATION. THE MOST SIGNIFICANT ACTIVITIES HAVE BEEN TO ACQUIRE THE SITE, FINANCE, CONSTRUCT AND LEASE A 215,000 SQUARE FOOT BUILDING IN DUDLEY SQUARE IN BOSTON, MA, TO BE OCCUPIED BY BPS, AND LEASED TO THE CITY OF BOSTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Midori Morikawa Oser Clerk | OfficerTrustee | 4 | $0 |
Maureen Garceau 1st Asst. Collector/treasurer | OfficerTrustee | 0 | $0 |
Dion Irish Treasurer | OfficerTrustee | 4 | $0 |
Richard Depiano 2nd Asst. Collector/treasurer | Officer | 0 | $0 |
Patrick Brophy Former Treasurer | 4 | $0 | |
Emme Handy Former President | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Waterside 303 Corporation Property Management | 6/29/17 | $567,104 |
Weston And Sampson Engineers Enviromental Consulting | 6/29/17 | $107,720 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $193,437 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,072,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $202 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $310,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,089,331 |
| Savings and temporary cash investments | $38,414 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $148,862 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,728 |
| Total assets | $2,286,335 |
| Accounts payable and accrued expenses | $5,797 |
| Grants payable | $0 |
| Deferred revenue | $73,478 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $104,614 |
| Total liabilities | $183,889 |
| Net assets without donor restrictions | $2,102,446 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,286,335 |
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Americans For Ben-Gurion University Inc New York, NY | $873,598,749 | $105,090,161 |
Trustees For Harvard University Cambridge, MA | $1,524,141,919 | $57,204,982 |
The University Of Rhode Island Foundation & Alumni Engagement Kingston, RI | $283,152,721 | $40,864,874 |
Anderson Center Services Inc Staatsburg, NY | $47,866,926 | $36,341,767 |
University Of New Hampshire Foundation Incorporated Durham, NH | $251,217,834 | $34,299,189 |
Harvard Private Capital Realty Inc Boston, MA | $2,527,458,180 | $415,073,812 |
Faculty-Student Assoc Of State University Of Ny At Stony Brook Stony Brook, NY | $54,956,974 | $31,334,535 |
University Of Massachusetts Foundation Inc Boston, MA | $842,030,994 | $57,111,837 |