Nuestra Comunidad Development Corp
Nuestra Comunidad Development Corp
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About this organization
Mission
Nuestra Comunidad is devoted to building the wealth and enhancing the physical, economic, and social well-being of Roxbury and other underserved populations in Greater Boston through a community-driven process that promotes self-sufficiency and neighborhood revitalization. A non-profit small business, Nuestra is one of Boston's oldest and most successful community development corporations. Since 1981, Nuestra has been a catalyst in the redevelopment of the Dudley Square, Roxbury, and North Dorchester neighborhoods. Led by a community-based board, Nuestra is in the business of creating communities of opportunity and equity for residents and businesses, where they can have a stable home, increase their income, improve neighborhood health and gain wealth.
About
Housing development line of business: Nuestra's theory of change for our workforce rental housing line of business is that production, asset management, service referrals and counseling of tenants at risk of losing their housing collectively help families and individuals improve their long-term economic, education and health status. Our theory of change for our homeownership business is that helping residents buy and preserve their own home helps to stabilize housing costs, helps families accumulate wealth over the years and promotes investment and stability in our neighborhoods, including foreclosure prevention. One key desired outcome in our theory of change is that the built environment contains fewer blighted properties and more attractive housing and commercial spaces. The strength of our production pipeline was evident in 2018 and 2019, as we completed construction of four projects. We completed construction of Bartlett Building B (60 mixed-income rental apartments and a community grocery store); the lease-up was completed in 2019. We completed and sold homes at Bartlett Building E (16 for-sale condos), Kasanof Homes (16 for-sale condos) and Howard Harlow (4 for-sale homes). Beyond these projects, our pipeline is strong. Buildings B and E are part of Bartlett Station, a planned 383-home development with 30,000 sf of commercial and retail uses on what is now a blighted, vacant, contaminated former bus yard in the Dudley Square area of Boston's Roxbury neighborhood. In 2019 Nuestra and a non-profit partner, Preservation of Affordable Housing (POAH), secured city funding awards and zoning approvals for Building D at Bartlett Station, comprising 52 units of new senior affordable apartments. In 2018 and 2019, Nuestra and POAH secured zoning approval, permitting approval and funding from the city of Boston and the Commonwealth of Massachusetts to develop 175 apartments on what is now a commuter parking lot at the Mattapan Square MBTA bus and trolley station. Construction will begin in early 2020. Nuestra continually seeks to innovate the production and sustainability of our housing. In today's environment of reduced supply of housing subsidies and tax credits, the existing system of building workforce housing is essentially broken. Nuestra has shifted the focus of our production pipeline away from projects requiring large subsidies, including the scarcest subsidy (so-called 9% low-income housing tax credits), with a new emphasis on for-sale homes and rental housing built with lower costs and lower subsidy needs. Large 4% LIHTC projects now in our pipeline for development over the next two three years include Mattapan Station and a consolidation, refinancing and rehabilitation of up to 246 units in our existing portfolio. Approximately 130 for-sale homes are in our pipeline for development over the next four years.
Interesting data from their 2020 990 filing
According to the filing, the non-profit's mission is “Nuestra comunidad is devoted to building the wealth and enhancing the physical, economic, and social well-being of roxbury and other underserved populations in greater boston through a community-driven process that promotes self-sufficiency and neighborhood revitalization.a non-profit small business, nuestra is one of boston's oldest and most successful community development corporations. since 1981, nuestra has been a catalyst in the redevelopment of the dudley square, roxbury, and north dorchester neighborhoods. led by a community-based board, nuestra is in the business of creating communities of opportunity and equity for residents and businesses, where they can have a stable home, increase their income, improve neighborhood health and gain wealth.”.
When referring to its actions, they were described as: “Nuestra comunidad is devoted to building the wealth and enhancing the physical, economic, and social well-being of roxbury and other underserved populations in greater boston through a community-driven process that promotes self-sufficiency and neighborhood revitalization.a non-profit small business, nuestra is one of boston's oldest and most successful community development corporations. since 1981, nuestra has been a catalyst in the redevelopment of the dudley square, roxbury, and north dorchester neighborhoods. led by a community-based board, nuestra is in the business of creating communities of opportunity and equity for residents and businesses, where they can have a stable home, increase their income, improve neighborhood health and gain wealth.”.
- According to the law, the state of operation reported by the non-profit is MA.
- As per the filing, the address of the non-profit for 2020 is 56 WARREN STREET NO 200, ROXBURY, MA, 02119.
- According to their form, the non-profit as of 2020 has a total of 0 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$503,488.
- The organization has 10 independent voting members.
- The organization was formed in 1981.
- The organization pays $2,182,062 in salary, compensation, and benefits to its employees.
- The organization pays $12,034 in fundraising expenses.
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