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The Neighborhood Developers

 4 Gerrish Avenue
 Chelsea, MA 02150
[P] (617) 889-1375
[F] (617) 884-8406
www.TheNeighborhoodDevelopers.org
[email protected]
Nancy Turner
Facebook Twitter
INCORPORATED: 1978
 Printable Profile (Summary / Full)
EIN 04-2660283

LAST UPDATED: 08/30/2018
Organization DBA The Neighborhood Developers
TND
Former Names Chelsea Neighborhood Developers (2012)
Chelsea Neighborhood Housing Services (2007)
Organization received a competitive grant from the Boston Foundation in the past five years Yes

Summary

Mission StatementMORE »

Recognizing that poverty and neighborhood decline are the result of many complex, multifaceted challenges, the mission of The Neighborhood Developers is to bring its core strengths -- building homes, engaging neighbors, and fostering economic mobility -- to community partnerships that create great neighborhoods where all people can thrive.

Mission Statement

Recognizing that poverty and neighborhood decline are the result of many complex, multifaceted challenges, the mission of The Neighborhood Developers is to bring its core strengths -- building homes, engaging neighbors, and fostering economic mobility -- to community partnerships that create great neighborhoods where all people can thrive.


FinancialsMORE »

Fiscal Year Jan 01, 2018 to Dec 31, 2018
Projected Income $3,573,705.00
Projected Expense $3,532,749.00

ProgramsMORE »

  • Community Engagement
  • Financial Capabilities
  • Real Estate Development

Revenue vs. Expense ($000s)

Expense Breakdown 2017 (%)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

Recognizing that poverty and neighborhood decline are the result of many complex, multifaceted challenges, the mission of The Neighborhood Developers is to bring its core strengths -- building homes, engaging neighbors, and fostering economic mobility -- to community partnerships that create great neighborhoods where all people can thrive.


Background Statement

As a community development corporation with a 40-year history, The Neighborhood Developers’ creates vibrant neighborhoods where people from all walks of life can thrive by addressing the systemic challenges of poverty, discrimination and community disinvestment.

Our principal programs are: 1) REAL ESTATE DEVELOPMENT to strengthen housing markets and expand affordable housing inventory; 2) COMMUNITY ENGAGEMENT to mobilize neighbors around community improvement issues; 3) FINANCIAL CAPABILITIES to increase family prosperity; and 4) MANAGEMENT OF MULTI-PARTY, CROSS SECTOR PARTNERSHIPS as the challenges we face require intervention on many fronts. These program areas are strategically integrated to make our neighborhoods in Chelsea, Revere and Everett great places to live, work and to raise a family.

TND is recognized as an innovator within the community development field. In 2008, TND responded to the home foreclosure crisis by acquiring and rehabbing key foreclosed properties paired with social programming in the distressed neighborhoods. A total of $10 million was invested to improve foreclosed properties. These highly impacted neighborhoods saw an uptick in crime as owners and banks left properties vacant or unmanaged. We engaged community residents, the police and City officials to successfully address these neighborhood conditions.

With the launch of CONNECT, TND leads a partnership of five organizations to help individuals to find a better job and to improve household financial well-being. The CONNECT partners have committed to a shared mission to integrate their services in one central and supportive Chelsea location as we know that clients that tap into multiple services are more likely to advance economically.

Chelsea Thrives is a ten-year initiative launched in 2014 that seeks to reduce crime and improve perceptions of safety in Chelsea. This is a multi-party cross-sector initiative that is co-led by TND and the City of Chelsea with 30 organizations regularly participating (though over 1,300 individuals and more than 175 institutions has participated in activities to date). Together, organizations and community residents have identified key drivers of crime in our community and set a shared safety agenda. Since launch, crime has dropped by more than 30% and relative to other cities, Chelsea's crime rates have improved.


Impact Statement

In 2018, TND turned forty! In our first 40 years, the organization built 400 affordable homes to benefit low and moderate-income households and to improve neighborhood conditions. Some of our properties are award winning. We built the first LEED Platinum property in Chelsea meeting the highest of green building standards. In collaboration with our Box District partners, TND created a new Chelsea neighborhood - The Box District - with 248 beautiful new mixed-income homes. The Box District won a prestigious national award from the Urban Land Institute for the success of its neighborhood improvement plan.

In 2010, TND was just beginning to work in Revere. Today, all programs operate in Revere’s Shirley Avenue neighborhood. We were welcomed by municipal and community members and have accomplished a great deal: a rejuvenated Costa Park, 85 new homes for families and seniors, and the Shirley Avenue Action Plan to guide community improvements.

In 2010, CONNECT was an idea that held promise. Today CONNECT is a nationally recognized Financial Opportunity Center where annually 3500 individuals find support for building a stronger economic future for their family. CONNECT has stretched TND as an organization: deeper partnerships, many more clients, stronger outcomes. Janet Yellen, Chair of the Federal Reserve Bank visited in 2014 drawing national press.

Looking Ahead: We have set our sights on some specific growth goals.

TND’s real estate team has expanded geographically into Everett and is increasing our rate of housing production. We seek to complete our next 400 homes by 2025.

As an organization, we are exploring avenues for integrating health further and more directly into all aspects of our work. Social determinants of health, including housing conditions, social connectsions, and neighborhood safety, are responsible for 50% of an individuals health outcomes. TND’s work on affordable, stable, and quality homes, the reduction of stress associated with increased financial resources and mobility, and the benefits of having close relationships with neighbors all are essential to health and well-being. As health care providers increasingly understand the importance of social determinants of health, TND has the opportunity to create deeper and more meaningful partnerships around health.

With Nuestra Comunidad, TND has co-founded Opportunity Communities, an innovative joint venture that expands our capacity to build neighborhoods and to support strong families. Opportunity Communities holds tremendous promise for the next generation of community-driven development.

While TND continues to improve neighborhoods in Chelsea, Revere, and Everett, market forces are at work that are displacing our neighbors. In 2019, we will identify people who are interested in joining forces to build a movement to improve our neighborhoods without causing displacement. We plan to collaborate on advancing policies such as those that help create more affordable housing, increase access to jobs, prevent displacement of residents and family-owned businesses, and improve our transportation systems.


Needs Statement

TND has developed strong capacity as a developer of affordable housing with 400 homes available for low and moderate-income households. Donors who support this program are committed to providing healthy homes as a platform for family success: a stable and affordable home allows a family to thrive at home, school, work or in the community.

Donors that support TND's community engagement programming value community relationships that allow neighbors, businesses and civic leaders to work together to understand, craft and implement solutions to entrenched community problems. This work is focused in Chelsea and Revere and addresses issues of community safety, anti-displacement, youth success and neighborhood vitality.

CONNECT assists 3,500 low-income families to annually to strengthen there financial health and well-being. Donors who support CONNECT enable low-income families to get a better job and improve financial management skills. 
 

CEO Statement

I came to Chelsea in 2003 with a charge to increase TND’s affordable housing production. With a long career as an affordable housing developer, I was excited to take on this challenge. My vision for leading The Neighborhood Developers has evolved as we have grown over the years. The following points speak to what I value in leadership.

COMPELLING VISION: During my tenure, TND expanded programming beyond affordable housing development to create and refine our holistic neighborhood developer model. We continue to evolve theory and practice with the end goal remaining the same: strong families and thriving neighborhoods. The TND program portfolio contains a strategic, desirable and a balanced mix of activities.

TND IS RESULTS ORIENTED AND HIGHLY PRODUCTIVE: We have a strong reputation for delivering results. We measure, test and assess our own work, and bring good ideas and lessons home from around the country.

SOLID LEADERSHIP CAPACITY: During my tenure, we have worked as an organization to build Board and staff leadership capacity. As a result of emerging leadership, we are able to accomplish more.

STRONG MANAGEMENT PRACTICES: I believe that the best outcomes are produced by excellent management guided by work plans based on explicit agreement of intended impact. TND grounds our work in financial and organizational sustainability.

A COMMITMENT TO PARTNER: We understand that solving complex problems requires a range of perspectives, knowledge and resources, so TND builds strong, positive and strategic relationships with community leaders, business partners, funders, lenders, state policy makers and the municipal administrations.

OPPORTUNISTIC: TND thinks creatively about opportunities to better fulfill its mission.

PERSISTENCE: The sustainable change that we seek requires patience and persistence.



Board Chair Statement

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Geographic Area Served

In a specific U.S. city, cities, state(s) and/or region.
Northeast Massachusetts Region
Chelsea, Revere, and Everett Massachusetts

Organization Categories

  1. Housing, Shelter - Housing Development, Construction & Management
  2. Human Services - Financial Counseling
  3. Community Improvement, Capacity Building - Community Coalitions

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

Yes

Programs

Community Engagement

We foster a robust social and civic infrastructure capable of shaping and sustaining the physical and economic development of the neighborhood. TND cultivates relationship and leadership in ways that are fun, safe, and productive. We build person-to-person relationships of trust and mutual benefits that form the basis of neighborliness, leading to neighbors working together on issues of public life, the foundation of a strong civic infrastructure. Along with residents, we seek new community habits and institutions that meet the needs of a diverse and mobile community.
Budget  $200,000.00
Category  Civil Rights, Social Action & Advocacy, General/Other
Population Served Minorities Poor,Economically Disadvantaged,Indigent Immigrant, Newcomers, Refugees
Program Short-Term Success 

Outputs: In 2011,60 key leaders and staff mobilized 808 unique individuals to join community building and civic engagement activities with 2505 as the sum of attendance across all activities, doubling the number of individuals involved during 2010. Civic engagement activities involved 210 unique residents (502 engagements) and addressed rebuilding a public park and improved trash collection and recycling policies and practices in Chelsea.

Program Long-Term Success 

At the neighborhood level, TND works to build person-to-person relationships of trust and mutual benefit. These relationships are what bring people together on issues of public life and provide the foundation for a strong civic infrastructure. We are building new community habits and institutions that meet the needs of a diverse low-income community and offer hope in the promise of a better neighborhood in which to live, work, go to school, and raise a family.

Program Success Monitored By 
-- Resident surveys;
-- Turnout at program activities over time;
-- The number of dedicated and strong community leaders; 
-- Changes to neighborhood conditions or city policies attributed to program activity.
Examples of Program Success 

This summer, the City of Chelsea completed the Box District Park at a cost of $750,000 addressing a resident priority identified in the 2009 North Bellingham Hill Plan -- the need for outdoor recreational space that is safe for children. The park is gorgeous!

In two fun-filled build days, TND and the City of Revere partnered with KaBOOM!, JetBlue and community residents to rebuild Costa Park, with $220,000 invested. The old park could not serve Headstart children due to unsafe conditions; the new park is serving these children plus many families from the neighborhood.


Financial Capabilities

TND supports low-income households in accessing resources and opportunities that improve their standard of living. TND and our collaborating partners provide resources that facilitate families' ability to meet basic needs and then progress to stable income and financial mobility. Incremental success fuels financial goals and aspirations. Immigrant communities benefit from one-stop support as a people navigate new economic systems, culture, and language.
Budget  $200,000.00
Category  Employment, General/Other
Population Served Unemployed, Underemployed, Dislocated Poor,Economically Disadvantaged,Indigent Minorities
Program Short-Term Success 

TND assists low-income households to improve their standard of living and to aspire for a better economic future. TND and our CONNECT partners provide resources that facilitate families' ability to meet basic needs and then progress to stable income and financial mobility. Incremental success, peer support and coaching fuels financial goals and aspirations.

Outputs: Since CONNECT opened its doors in early 2012, 1200 individuals have accessed one or more service on site with 340 indicating an interest in multiple services by completing our intake form. Of those 340, 51% returned for additional services.

Program Long-Term Success 

TND assists low-income households to improve their standard of living and to aspire for a better economic future. TND and our CONNECT partners provide resources that facilitate families' ability to meet basic needs and then progress to stable income and financial mobility. Incremental success, peer support and coaching fuels financial goals and aspirations.

 

Outputs: Since CONNECT opened its doors in early 2012, 1200 individuals have accessed one or more service on site with 340 indicating an interest in multiple services by completing our intake form. Of those 340, 51% returned for additional services.

 

Impact:

·        Our VITA work ensures that each client takes advantage of all tax credits available to them. These refunds can be a large part of a household’s annual income as 48% of those served by VITA earn $15,000 or less.

·        Year to date through 08/2012, TND screened 88 clients for public benefits resulting in increases to incomes by 18% on average.

·        With the launch of CONNECT, TND is now able to link our clients with additional services on site.

Program Success Monitored By  We track the following client outcomes:
  • increases to income;
  • decreases in expenses;
  • changes in employment leading to higher pay and/or advancement opportunities;
  • improvements to credit scores;
  • demonstrated use of bank accounts to pay bills and save;
  • increases in savings and assets;
  • increase in English language skills, attainment of a GED, or post-secondary certificate or degree attainment;
Examples of Program Success 
  • Our VITA work ensures that each client takes advantage of all tax credits available to them. These refunds can be a large part of a household’s annual income as 48% of those served by VITA earn $15,000 or less.
  • Year to date through 08/2012, TND screened 88 clients for public benefits resulting in increases to incomes by 18% on average.
  • With the launch of CONNECT, TND is now able to link our clients with additional services on site.

Real Estate Development

TND produces affordable and mixed-income homes so that low and moderate income families can comfortably afford qaulity,  healthy homes. Our properties serve to improve neighborhood conditions and to stimulate others to invest in the upkeep of their properties. We craft revitalization strategies with city officials and residents to improve housing conditions, neighborhood amenities and infrastructure to build healthier market dynamics. In stronger neighborhoods, we develop affordable housing to expand housing choice. Our properties contribute to sustainable communities: environmentally green, financially sound, and socially engaged- designed to encourage people to connect both within the property and to the surrounding neighborhood. 
Budget  $600,000.00
Category  Community Development, General/Other Neighborhood Revitalization
Population Served Hispanic, Latino Heritage Families Minorities
Program Short-Term Success  In October of 2018, TND completed construction of Acadia, 34 Chelsea-based apartments that will house low-income families. By mid-July, TND had received over 3,500 tenant applications -- a sobering statistic that illustrates the demand for the affordable homes that TND provides. All TND's new properties are built to very high environmentally sustainable standards. We built the first LEED Platninum property in Chelsea -- the highest of green building standaards. 
Program Long-Term Success  Impact: The Box District, formerly a HUD-designated slum has emerged as an attractive, residential neighborhood. TND and a private developer collaborated to create 250 homes -- half affordable and half market rate. In 2018, a new Silver Line bus stop opened in the Box District linking residents to the airport and downtown Boston. Survey respondents report high levels of satisfaction with the Box District’s physical and social conditions and we are seeing ample evidence that the Box District housing market is now strong.
Program Success Monitored By 
-- The strength of the housing market in our target neighborhoods;
-- Occupancy rates in our properties;
-- Tenant and community satisfaction surveys.
Examples of Program Success 

Over the last decade, TND has invested more than $100 million in new housing in Chelsea and Revere. We now affordably house more than 1,000 people. Tenants include vulnerable households such as young at-risk parents, seniors, formerly homeless veterans, formerly homeless families and low-income families. Currently, 97% of our apartments benefit households earning 60% or less of the Area Median Income. 


CEO/Executive Director/Board Comments

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Management


CEO/Executive Director Mr. Rafael Mares
CEO Term Start July 2018
CEO Email [email protected]
CEO Experience Rafael joined TND in July 2018 excited to work for a community development organization that serves his home community of Revere. Prior to arriving at TND, Rafael was a Vice President at the Conservation Law Foundation leading its Healthy Communities and Environmental Justice program area. He is a transportation expert and has advocated successfully for public transportation improvements in New England. Previously Rafael served as an instructor and lecturer on law at the Legal Services Center of Harvard Law School. Before and during law school, Rafael worked on environmental justice issues in Washington, DC, Puerto Rico, and Boston. Rafael holds a JD from Harvard Law School and a B.S. in Integrated Natural Resources from the University of Vermont.
Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
Ms. Ann Houston Nov 2003 July 2018

Senior Staff

Name Title Experience/Biography
Mary Coonan Director of Learning and Evaluation, Opportunity Communities --
Krystina Dougert CFO, Opportunity Communities --
Vicente Sanabria Director of Collective Impact and Community Engagement --
Stefanie Shull Director of CONNECT --
Nancy Turner Director of Resource Development --
Aaron Wasserman Director of Real Estate Development --

Awards

Award Awarding Organization Year
Jack Kemp Award for Excellence in Affordable and Workforce Housing Urban Land Institute 2014
Collaboration Excellence Award MA Nonprofit Network 2013

Affiliations

Affiliation Year
United Way Member Agency 2014
Massachusetts Association of Community Development Corporations (MACDC) 1981
NeighborWorks America - Member 1979
CDC - State certified Community Development Corporation --
Member of state association of nonprofits? Yes
Name of state association MACDC

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

CONNECT exemplifies TND’s commitment to multi-party collaborative problem solving. In 2012, TND led the formation of CONNECT with five partners: Bunker Hill Community College, Metro Housing Boston, Metro Credit Union and Career Source. This innovative collaboration provides a mix of services that help low income individuals find jobs, build employment skills, and manage household finances. Services are co-located and delivered at one welcoming center nested within TND’s headquarters. The CONNECT partners serve 3,500 clients annually.

TND plays two roles at CONNECT; we deliver financial coaching and financial capability services and serve as the sole operating partner. As operating partner, TND provides the “glue” that facilitates multi-party data-driven programming; we manage the facility, CONNECT governance, client flow, cross-partner program integration, data and evaluation, and administration.

We cannot overstate how CONNECT has brought TND to a new level of organizational growth. TND now has a larger budget, serves significantly more clients, has deeper partnerships, greater public recognition, an expanded facility, and a greater appreciation for collective impact.

CEO/Executive Director/Board Comments

At TND we serve the Massachusetts gateway cities of Chelsea, Revere (where I live), and Everett. Gateway cities are midsize urban centers that for generations offered residents good jobs and a "gateway" to the American Dream. As manufacturing jobs slowly disappeared, however, new economic investment in Chelsea, Revere, and Everett, as in other gateway cities, lagged behind. As a result, our communities have struggled with high poverty rates, low quality and aging housing, unemployment, lack of green space, and crime.

At the same time, Chelsea, Revere, and Everett have been blessed with waves of immigrants, who have brought new energy to our neighborhoods, helping us make real progress. Over the past four decades, TND in close partnership with others, has built affordable housing, connected neighbors to jobs, helped people manage their finances, trained leaders, and even developed new residential neighborhoods out of abandoned and polluted industrial sites.

Today, as a continued need for physical improvements and increased opportunities remains, housing market forces have shifted displacing too many of our neighbors who have found that they can't afford rising rents. My vision for leading The Neighborhood Developers therefore directly builds on the previous successes of the organization. We seek to speed up the production of affordable housing, promote community placemaking, develop leadership, increase financial mobility, and bring together residents and business owners with the common goal of advancing equitable development without residential or business owner displacement.

The following points speak to how we do our work at TND. This culture is part of what drew me to work for this amazing organization.

TND is results oriented; we have a strong reputation for delivering results. We measure, test, and assess our own work, and bring good ideas and lessons home from around the country.

TND has solid leadership capacity. As an organization we constantly work to build board, staff, and membership leadership capacity. As a result of emerging leadership, we are able to accomplish more.

Partnerships are in our DNA. We understand that solving complex problems requires a range of perspectives, knowledge and resources, so TND builds strong, positive and strategic relationships with neighbors, community leaders, business partners, funders, lenders, state policy makers and municipal administrations.

Foundation Comments

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Staff Information

Number of Full Time Staff 27
Number of Part Time Staff 0
Number of Volunteers 350
Number of Contract Staff 1
Staff Retention Rate % --

Staff Demographics

Ethnicity African American/Black: 2
Asian American/Pacific Islander: 1
Caucasian: 15
Hispanic/Latino: 9
Native American/American Indian: 0
Other: 0
Other (if specified): Multiple Races
Gender Female: 19
Male: 8
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Yes
Years Strategic Plan Considers 5
Management Succession Plan Yes
Business Continuity of Operations Plan No
Organization Policies And Procedures Under Development
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy Yes
State Charitable Solicitations Permit --
State Registration --

Risk Management Provisions

--

Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency Yes Annually
Non Management Formal Evaluation and Frequency Yes Annually

Governance


Board Chair Ms. Alice Murillo
Board Chair Company Affiliation Bunker Hill Community College
Board Chair Term July 2018 - June 2021
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Ms. Charlene Bauer Metropolitan Credit Union Voting
Mr. Dakeya Christmas Community Volunteer Voting
Ms. Faye Dookharan Community Volunteer Voting
Mr. Peter Hollands Boston Private Bank Voting
Ms. Kristin Janjar North Suffolk Mental Health Voting
Ms. Techrosette Leng Resident Voting
Mr. Mike Martin Self Employed Voting
Mr. William Morrison Management Consultant Voting
Ms. Alice Murillo Bunker Hill Community College Voting
Mr. William Willis Resident Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
-- -- --

Board Demographics

Ethnicity African American/Black: 1
Asian American/Pacific Islander: 2
Caucasian: 5
Hispanic/Latino: 1
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 5
Male: 4
Not Specified 0

Board Information

Board Term Lengths 3
Board Term Limits 0
Board Meeting Attendance % 87%
Written Board Selection Criteria Yes
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions --
Constituency Includes Client Representation Yes

Standing Committees

  • Board Governance
  • Community Engagement
  • Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
  • Executive
  • Finance
  • Housing and Community Development

CEO/Executive Director/Board Comments

--

Foundation Comments

--

Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2017 (%)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2017 2016 2015
Total Revenue $4,027,358 $3,799,928 $4,371,365
Total Expenses $4,281,531 $4,028,265 $5,597,447

Prior Three Years Revenue Sources

Fiscal Year 2017 2016 2015
Foundation and
Corporation Contributions
-- -- --
Government Contributions $1,068,673 $733,873 $884,053
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified $1,068,673 $733,873 $884,053
Individual Contributions $1,057,588 $1,097,740 $1,304,049
Indirect Public Support $214,210 $114,946 $96,162
Earned Revenue $1,436,186 $1,642,574 $1,484,172
Investment Income, Net of Losses $200,587 $179,274 $93,517
Membership Dues -- -- --
Special Events -- -- --
Revenue In-Kind -- -- --
Other $50,114 $31,521 $509,412

Prior Three Years Expense Allocations

Fiscal Year 2017 2016 2015
Program Expense $3,620,468 $3,456,431 $5,011,823
Administration Expense $360,836 $401,072 $421,279
Fundraising Expense $300,227 $170,762 $164,345
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 0.94 0.94 0.78
Program Expense/Total Expenses 85% 86% 90%
Fundraising Expense/Contributed Revenue 13% 9% 7%

Prior Three Years Assets and Liabilities

Fiscal Year 2017 2016 2015
Total Assets $18,983,229 $13,165,833 $22,886,545
Current Assets $4,731,779 $5,307,722 $6,097,027
Long-Term Liabilities $8,278,730 $1,302,183 $11,628,642
Current Liabilities $245,435 $1,146,335 $911,101
Total Net Assets $10,459,064 $10,717,315 $10,346,802

Prior Three Years Top Three Funding Sources

Fiscal Year 2017 2016 2015
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value --
Spending Policy --
Percentage(If selected) --
Credit Line Yes
Reserve Fund Yes
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? No

Short Term Solvency

Fiscal Year 2017 2016 2015
Current Ratio: Current Assets/Current Liabilities 19.28 4.63 6.69

Long Term Solvency

Fiscal Year 2017 2016 2015
Long-term Liabilities/Total Assets 44% 10% 51%

CEO/Executive Director/Board Comments

TND carefully monitors its financial ratios and performs at or above industry standards. Outside evaluators (including our investors and lenders and key funders) have concluded that TND is in a strong financial position with financial ratios that are at or above industry standards. The organization has unrestricted operating net assets of over $3.2 million. 

Foundation Comments

Financial summary data in the charts and graphs above is per the organization's IRS Form 990s. Asset and liability data is per the audited financial documents, also posted above.

Documents


Other Documents

No Other Documents currently available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

TND’s core purpose is to support strong families in thriving neighborhoods. We focus on neighborhoods as we know that home matters. Research tells us that where we live – both our home and our neighborhood – is a key factor in our health and life span, our education and income, our safety and well-being. And while a neighborhood can be a predictor of destiny for residents, it also defines areas of prosperity or decline impacting both individuals and the community as a whole. We strive for a future in which all neighborhoods provide opportunity for all people regardless of income. Our mission supports efforts that catalyze housing, economic, and civic opportunity so that all people realize their full potential –at home, work, school, or within the community.


2. What are your strategies for making this happen?

Our “neighborhood developer” model integrates three investment strategies to build vibrant and sustainable neighborhoods that support stable households of low and moderate income.

REAL ESTATE DEVELOPMENT:

At the core of TND’s history and mission is the development and provision of affordable homes. We believe that healthy neighborhoods welcome and accommodate a range of people. In distressed neighborhoods, TND develops affordable and mixed-income housing. We craft revitalization strategies with city officials and residents to improve housing conditions, neighborhood amenities and infrastructure to build healthier market dynamics and to expand housing choice. Our properties contribute to sustainable communities: environmentally green, financially sound, and socially engaged -- designed to encourage opportunities and space for people to connect both within the property and to the surrounding neighborhood.

In the past few years we have begun to developing properties that provide homes and services to support people with special needs, including seniors, people requiring physical accommodations, and those emerging from homelessness – veterans, families, young parents. TND currently provides environmentally green and stable homes for 400 low and moderate income households, with over 1,000 tenants (>40% are children) at present.

FINANCIAL CAPABILITIES PROGRAMMING & CONNECT

In 2012, TND led the formation of CONNECT with five partners. CONNECT is an innovative collaboration that supports low-income individuals on a path to greater economic stability and prosperity. The five CONNECT partners - Bunker Hill Community College, Metro Housing Boston, Metro Credit Union, Career Source and TND - are co-locating and bundling economic services, so that low-income families can achieve greater economic outcomes. CONNECT is headquartered at TND’s offices and TND serves as the “backbone” of this collaboration where clients find employment resources (job readiness, placement and retention services; education and skills training) paired with affordable housing assistance, public benefit screening, free tax preparation, financial education and asset development services.

COMMUNITY ENGAGEMENT:

TND believes that a person’s connections to neighbors and to community and civic institutions are intangible but important community assets. These networks are vital to improving quality of life, generating a positive sense of community and engaging citizenry. To this end, TND fosters relationships and leadership development as underpinnings of productive social networks, organizations and civic engagement. Community organizing and neighborhood planning are strategies used to identify community priorities, to forge public and community agreements to shape resource deployment and municipal policy, and to provide an opportunity for residents to participate in municipal decision making. TND engages more than 2500 annually in community building and engagement activities and has over 2,000 members.


3. What are your organization’s capabilities for doing this?

COLLABORATIVE PROBLEM SOLVING:

TND has long committed to partnerships believing that collaborating parties each bring valuable skills and resources to problem solving. In each of our three program areas, we develop deep partnerships that facilitate results.

Our real estate development program relies of public and private sector partnerships. We develop our plans with municipal and resident partners and have formed multi-year partnerships with cities and for-profit developers to create mixed-income neighborhoods. TND is recognized by public and private sectors partners for its strong real estate development program. We deliver our projects on time and on budget. TND has completed over $80 million of investment in mixed income homes over the last decade drawing in city, state and federal programs. During 2010 – 2014, we developed an average of 42 new homes annually, far above our production rate from ten years ago when the average number was 11.5/year. Our goal over the next five years is to double our production to 80 homes per year. With each successive multi-family project, TND has increased capacity for green development and increased its focus on accessible and inclusive design. In 2014, Highland Terrace received LEED Homes Platinum certification, the highest possible green building award and the first such certification in Chelsea!

With CONNECT, TND built capacity for collective impact, learning how to establish systems for multi-party integrated and data-driven programming driven by shared goals and a commitment to learn and adapt based on results. CONNECT has garnered local and national attention for its collaborative structure and strong results; 3,5000 clients are served annually. TND plays two roles at CONNECT; we deliver financial education and capability services and serve as the sole managing partner. As managing partner, TND provides the “glue” that facilitates multi-party data-driven programming; we manage the facility, CONNECT governance, client flow, cross-partner program integration, data and evaluation, and administration.

Over the last year, TND has taken on a second backbone role; this time for Chelsea’s Working Cities initiative. Across the nation, the community development sector is rethinking how to tackle entrenched and complex social and economic issues. In Massachusetts, the Federal Reserve Bank of Boston launched the Working Cities Challenge to advance collaborative leadership and support ambitious systems-changing work to improve the lives of low-income people in our state’s small and medium-sized cities. Chelsea is implementing a theory that the city’s most distressed neighborhood can be transformed when leading public and private sector institutions more adeptly and purposefully put systems in place for collective impact and shared problem solving. Three components – service integration, civic engagement, and impact measurements – provide the foundation for building on existing best practice work to transform our community.

 

 
 
 

4. How will your organization know if you are making progress?

While the issues we are tackling are complex -- poverty and neighborhood revitalization -- TND sets five year goals during each strategic planning process to measure progress. Our strategic goals are measurable, and indicate changes to people, place, and our organizational capacity. See a copy of our current strategic plan (and below) for our current strategic goals by program area.

TND’s data collection and evaluation systems continue to mature. In 2008, TND began to capture program data using Salesforce to track client and member participation at every training, meeting or event. Our live data system enables TND to accurately track unique and aggregate participation and greatly facilitates cross-department integration. Reports and dashboards track progress against goals for the Board and program managers.  

As the lead agency for CONNECT, TND has designed, built and managed a multi-agency database that synthesizes data from CONNECT's non-profit partners. We cannot understate the value of the cross-agency data. The information is routinely used to deliver and measure programming, facilitate referrals, and make management decisions based on findings.

The tools we use to measure community impact include surveys and data worksheets; some data is measured over time, while others are snapshots. We have developed our capacity for this work with the support of the Success Measures program funded by NeighborWorks America and with support from the United Way. 

Through real estate program activity, we track:

  1. - The value of leveraged funds for each project; e.g. for every state dollar invested, X dollars were leveraged.
  2. The value of other investment linked to TND development such as public infrastructure, and private commercial or residential real estate.
  3. Spillover effect of TND real estate on housing conditions and the housing market, measured by market strength (housing sales, demand for new apartments) and by a visual survey of block or parcel conditions.
  4. The impact of our development on the local economy; we calculated that our recent development projects have created 136 construction jobs, and the new tenants of our properties have contributed to the local economy, supporting 22 jobs at local businesses.
  5. Impact of TND housing on tenant housing stability. Five years after a project’s completion, TND compares pre-move-in housing rent burden and tenure to a tenant’s current conditions to determine if stability has improved. On average, the households moving into properties lived in their prior location, but have lived in their TND home for 4.3 years (and counting!)
  6. Resident satisfaction with neighborhood housing and social conditions, as measured by a survey conducted every five years.

Through CONNECT’s internal and external evaluations, we are tracking the following short- and long-term participant outcomes:

Increases to net income;

Changes in employment and/or new employment retention;

Improvements to credit scores;

Demonstrated use of bank accounts to pay bills and save;

Increases in savings and net worth;

Evidence of increased housing stabilization for formerly homeless households;

Attainment of English language proficiency, a GED, post-secondary certificate or degree.


5. What have and haven’t you accomplished so far?

Over the next five years, TND will increase economic diversity, opportunity and quality of life in the cities of Chelsea and Revere, and will pursue expansion to other north suburban communities. We will deepen the impact and scale of our work through strategic growth, community leadership, strong partnerships, and refined programming. We will share lessons learned locally with regional and national audiences, contributing to conversations that deepen impact and move community development efforts forward.

In our just-released 2015 – 2019 strategic plan, TND identified the following organizational priorities for our three core areas:

COMMUNITY ENGAGEMENT:

Goal:

Improve the quality of life in key neighborhoods and in TND properties by fostering community connectedness, building a diverse leadership network, and activating residents to participate in issues of public life.

Objectives:

      Increase TND membership from 1,100 to 3,000.

   · Deepen social capital by creating purposeful spaces and gatherings that engage diverse community members in developing learning, trust and community connectedness.

·    Strengthen sense of community by working collaboratively with residents and stakeholders to implement place-based projects to support neighborhood revitalization.

·     Build civic participation by encouraging civic leadership, supporting voter engagement, fostering civic discussions, and supporting civic groups and projects.

   · Ensure TND properties are places that promote social connectedness, a strong sense of community, family economic success and youth educational success; 30% of residents of TND-owned properties participate in TND or CONNECT programming.

REAL ESTATE DEVELOPMENT:

Goal:

Develop and maintain healthy, environmentally sustainable homes that contribute to the revitalization of neighborhoods and attract market rate investment; offer services that support family well-being and serve un-met needs. Target investments to promote mixed-income, amenity rich communities while preserving affordability.

Objectives:

Double our production rate to complete 400 new or renovated homes.

Increase development earnings by 25% averaged over strategic plan period, and increase recurring income through property operations, in order to sustain TND revenue.

Develop or leverage investment in non-residential properties and public spaces when they contribute to neighborhood vitality.

Deliver excellent asset management so that our properties are strong long-term assets for communities, providing reliable high-quality housing for tenants and stable revenue for TND.

 

FINANCIAL CAPABILITY, DELIVERED IN COLLABORATION WITH CONNECT PARTNERS:

Goal:

Lead integration of CONNECT’s Financial Opportunity Center services, and deliver financial capability programming such that residents achieve their goals and have greater confidence in their economic future.

Objectives:

On an annual basis …

Steward further development of CONNECT’s integrated service delivery system such that 25% of the people served bundle services.

Deliver financial capability services to 1,200 people to maximize income and better manage household finances.

Intensive coaching and peer support results in significant gains to net income, net worth or credit scores for 70% of 350 people served.

Document and disseminate lessons learned and provide fuel for sustainable funding and replication of CONNECT’s best practices.