Fields Corner Community Development Corporation

Analysis

Fields Corner Community Development Corporation is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fields Corner Community Development Corporation reported income of $506k and spending of $1.1m, spending 211% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $796k to $506k (-36%), an average of -11% a year. The sharpest change came in the year to June 2023, when income dropped by 41%. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fields Corner Community Development Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include A Place for You ($506k), Siena Springs ($506k) and Greater Owensboro Senior Citizens Union Labor Housing Corporation ($506k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $699k. At year end it held assets of $368k against liabilities of $82k, net assets of $286k. It reported 18 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.