Civic Intelligence

Boston Local Development Corporation

EIN 04-2681311 • 501(c)3 • Boston, MA

Profile

To benefit the community by fostering increased employment opportunities and expansion of business and industry for the citizens of the city of boston. Bldc accomplishes this by providing long-term financing to firms and companies located in the city of boston, massachusetts.

43 Hawkins StreetBoston, MA 02114

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

32nd percentile

0.07x

Higher debt load relative to revenue than 32% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

79th percentile

28%

Higher net margin than 79% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

85th percentile

$263,844

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 15.3% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

46th percentile

3.4%

Faster asset growth than 46% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

18th percentile

-12%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$7,934,873

Up $264,096 (+3.4%) from 2023

Liabilities

Down

$117,950

Down $66,067 (-36%) from 2023

Net Assets

Up

$7,816,923

Up $330,163 (+4.4%) from 2023

Revenue

Down

$1,726,871

Down $244,822 (-12%) from 2023

Expenses

Up

$1,239,278

Up $623,686 (+101%) from 2023

Net Income

Down

$487,593

Down $868,508 (-64%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $7,270,663Liabilities 2011: $1,607,988Net Assets 2011: $5,662,6752011Assets 2012: $6,026,176Liabilities 2012: $201,959Net Assets 2012: $5,824,2172012Assets 2013: $6,057,929Liabilities 2013: $360,497Net Assets 2013: $5,697,4322013Assets 2014: $5,883,727Liabilities 2014: $167,873Net Assets 2014: $5,715,8542014Assets 2015: $5,918,084Liabilities 2015: $185,526Net Assets 2015: $5,732,5582015Assets 2016: $5,982,691Liabilities 2016: $147,582Net Assets 2016: $5,835,1092016Assets 2017: $5,955,246Liabilities 2017: $124,654Net Assets 2017: $5,830,5922017Assets 2018: $6,119,799Liabilities 2018: $265,593Net Assets 2018: $5,854,2062018Assets 2019: $6,073,060Liabilities 2019: $155,022Net Assets 2019: $5,918,0382019Assets 2020: $5,711,478Liabilities 2020: $166,462Net Assets 2020: $5,545,0162020Assets 2021: $6,000,512Liabilities 2021: $240,022Net Assets 2021: $5,760,4902021Assets 2022: $6,574,456Liabilities 2022: $443,797Net Assets 2022: $6,130,6592022Assets 2023: $7,670,777Liabilities 2023: $184,017Net Assets 2023: $7,486,7602023Assets 2024: $7,934,873Liabilities 2024: $117,950Net Assets 2024: $7,816,9232024

Highlighted filing

2024

Assets$7,934,873
Liabilities$117,950
Net Assets$7,816,923

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,081,694Expenses 2011: $2,056,294Net Income 2011: $25,4002011Revenue 2012: $2,529,066Expenses 2012: $2,367,524Net Income 2012: $161,5422012Revenue 2013: $1,131,693Expenses 2013: $1,258,478Net Income 2013: -$126,7852013Revenue 2014: $1,148,669Expenses 2014: $1,130,247Net Income 2014: $18,4222014Revenue 2015: $665,194Expenses 2015: $648,490Net Income 2015: $16,7042015Revenue 2016: $1,241,627Expenses 2016: $1,139,076Net Income 2016: $102,5512016Revenue 2017: $850,484Expenses 2017: $855,001Net Income 2017: -$4,5172017Revenue 2018: $916,641Expenses 2018: $893,027Net Income 2018: $23,6142018Revenue 2019: $1,168,675Expenses 2019: $1,104,843Net Income 2019: $63,8322019Revenue 2020: $830,755Expenses 2020: $1,203,777Net Income 2020: -$373,0222020Revenue 2021: $895,678Expenses 2021: $680,204Net Income 2021: $215,4742021Revenue 2022: $1,383,525Expenses 2022: $1,013,356Net Income 2022: $370,1692022Revenue 2023: $1,971,693Expenses 2023: $615,592Net Income 2023: $1,356,1012023Revenue 2024: $1,726,871Expenses 2024: $1,239,278Net Income 2024: $487,5932024

Highlighted filing

2024

Revenue$1,726,871
Expenses$1,239,278
Net Income$487,593

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.93$0.12$7.82$1.73$1.24$0.49
2023Detailed filing. Detailed filing data is available for this year.$7.67$0.18$7.49$1.97$0.62$1.36
2022Detailed filing. Detailed filing data is available for this year.$6.57$0.44$6.13$1.38$1.01$0.37
2021Detailed filing. Detailed filing data is available for this year.$6.00$0.24$5.76$0.90$0.68$0.22
2020Detailed filing. Detailed filing data is available for this year.$5.71$0.17$5.55$0.83$1.20$0.37
2019Detailed filing. Detailed filing data is available for this year.$6.07$0.16$5.92$1.17$1.10$0.06
2018Detailed filing. Detailed filing data is available for this year.$6.12$0.27$5.85$0.92$0.89$0.02
2017Summary only. Only limited summary data is available for this year.$5.96$0.12$5.83$0.85$0.86$0.00
2016Summary only. Only limited summary data is available for this year.$5.98$0.15$5.84$1.24$1.14$0.10
2015Summary only. Only limited summary data is available for this year.$5.92$0.19$5.73$0.67$0.65$0.02
2014Summary only. Only limited summary data is available for this year.$5.88$0.17$5.72$1.15$1.13$0.02
2013Summary only. Only limited summary data is available for this year.$6.06$0.36$5.70$1.13$1.26$0.13
2012Summary only. Only limited summary data is available for this year.$6.03$0.20$5.82$2.53$2.37$0.16
2011Summary only. Only limited summary data is available for this year.$7.27$1.61$5.66$2.08$2.06$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 28, 2025
Return Version
2023v6.0
Gross Receipts
$1,726,871
Mission and Program Overview

Mission

To benefit the community by fostering increased employment opportunities and expansion of business and industry for the citizens of the city of boston. Bldc accomplishes this by providing long-term financing to firms and companies located in the city of boston, massachusetts.

To benefit the community by fostering increased employment opportunities and expansion of business and industry for the citizens of the city of boston

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,069,278$3,661,050▼ $408,228
Other Notes and Loans Receivable, Net$2,721,969$3,192,654▲ $470,685
Investments Other Securities$505,084$507,664▲ $2,580
Accounts Receivable$367,559$168,685▼ $198,874
Prepaid Expenses and Deferred Charges$6,887$4,820▼ $2,067
Total Assets$7,670,777$7,934,873▲ $264,096
Other Assets Total$0$400,000▲ $400,000
Liabilities
Grants Payable$94,365$51,000▼ $43,365
Accounts Payable and Accrued Expenses$59,652$36,950▼ $22,702
Deferred Revenue$30,000$30,000→ $0
Total Liabilities$184,017$117,950▼ $66,067
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,182,515$5,056,086▼ $126,429
Net Assets With Donor Restrictions$2,304,245$2,760,837▲ $456,592
Total Net Assets Fund Balance$7,486,760$7,816,923▲ $330,163
Total Liabilities and Net Assets / Fund Balance$7,670,777$7,934,873▲ $264,096

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$400,000--
Other Securities$507,664--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Amina ScottTreasurer-$197,063$197,063
William P NickersonGeneral ManagerPT$190,280$190,280
Gisella SorianoSr. Manager for Small Business/corporate FinancingFT$131,456$131,456

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,589,627
Program Service Revenue
$124,891
Investment Income
$7,843
Other Revenue
$4,510
All Other Contributions
$1,589,627
Change in Net Assets
$487,593

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,726,871
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,726,871
Total Revenue per Form 990
$1,726,871
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$792,657
Salaries, Compensation, and Employee Benefits$263,943
Other Expenses$182,678
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$792,657--$792,657
Current Officers, Directors, Trustees, and Key Employees$133,089--$133,089
Other Salaries and Wages$65,297--$65,297
Pension Plan Contributions$50,421--$50,421
Fees for Services Accounting-$37,000-$37,000
Other Employee Benefits$15,136--$15,136
Other Expenses$48,302$11,224-$11,224
Fees for Services Legal-$804-$804
Total Functional Expenses$1,104,902$134,376$0$1,239,278

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,239,278
Total Expenses per Audited Statements$1,239,278
Total Expenses per Form 990$1,239,278
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Economic Development and Industrial CorporationbostonBoston, MAGovernmental EntityPowercorp$342,022
Economic Development and Industrial CorporationbostonBoston, MAGovernmental EntityFinancial Opportunity Center$321,000
Economic Development and Industrial CorporationbostonBoston, MAGovernmental EntityEarned Income Tax Credit Program$112,237
Economic Development and Industrial CorporationbostonBoston, MAGovernmental EntityRead Boston Program$17,398
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization has contracted with economic development and industrial corporation/boston for fiscal agent services, inclusive of cash and investment account maintenance, depositing and disbursing cash, accounting, and program monitoring.

Form 990, Part VI, Section A, Line 6

The organization has a self-perpetuating group called the membership, consisting of not less than twenty-five nor more than forty-five members. The membership includes representation from each of the following five groups: (i) boston city government; (ii) private lending institutions; (iii) community organizations; (iv) business organizations; and (v) the economic development and industrial corporation of boston.

Form 990, Part VI, Section A, Line 7A

Members have the power to fill vacancies in their membership, to amend the charter and by-laws of the organization by two-thirds vote of the membership, to elect or remove organization officers and trustees, and to terminate the organization and to determine to whom the property of the corporation shall be turned over after payment of all its just deeds and obligations.

Form 990, Part VI, Section A, Line 8B

The organization does not have committees with authority to act on behalf of the governing board.

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by the cpa that performs the annual audit of the organization's financial statements. The controller of edic, the organization's fiscal agent, reviews and approves form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

The organization monitors its compliance with the conflict of interest policy through regularly scheduled board meetings.

Form 990, Part VI, Section B, Line 15A

The board of directors used comparability data in estabishing the controller's salary when orginally hired by the organization. The board of directors have used this salary and applicable cost of living increases each year in determining the current compensation paid. The organization does not have other compensated officers or other key employees.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Boston Local Development Corporation
EIN
04-2681311
Phone
6179185414
Address
43 HAWKINS STREET, BOSTON, MA 02114

Signing Officer

Name
John E Marston
Title
President
Phone
6179185414
Signed
2025-04-28

Organization Details

Principal Officer
John E Marston
Formed
1979
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
335

Preparer

Firm
Daniel Dennis & Company Llp
Address
990 WASHINGTON STREET STE 203, DEDHAM, MA 02026
Preparer
Andrew Bacigalupo CPA
Phone
6172629898
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Adoption of accounting standards -157,430.

Form 990, Part V, Line 2A

The organization does not have any direct employees. Salaries and wages reported on form 990 part ix line 7 represent contracted employees from the organizations related party.

Form 990, Part V, Line 1C

Backup withholding rules did not apply.

Financial Statement Notes

PART X, LINE 2:

Bldc evaluates the tax positions taken or expected to be taken in their tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold, along with accrued interest and penalties thereon, would be recorded as an expense in the current year financial statements. Bldc has evaluated the tax positions taken in its previously filed returns and those expected to be taken in its fiscal year 2024 returns and believe they are more-likely-than-not of being sustained if examined by federal or state tax authorities. Bldc's fiscal years 2021 through 2023 tax years remain subject to examination by federal and state tax authorities.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt12147613
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13172324
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt10SR. MANAGER FOR SMALL BUSINESS/CORPORATE FINANCING
IRS990/Form990PartVIISectionAGrp/TitleTxt11GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13CONTROLLER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsPayableGrp/BOYAmt094365
IRS990/GrantsPayableGrp/EOYAmt051000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0792657
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0792657
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01726871
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt07843
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07843
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0505084
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0507664
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO BENEFIT THE COMMUNITY BY FOSTERING INCREASED EMPLOYMENT OPPORTUNITIES AND EXPANSION OF BUSINESS AND INDUSTRY FOR THE CITIZENS OF THE CITY OF BOSTON. BLDC ACCOMPLISHES THIS BY PROVIDING LONG-TERM FINANCING TO FIRMS AND COMPANIES LOCATED IN THE CITY OF BOSTON, MASSACHUSETTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt07486760
IRS990/NetAssetsOrFundBalancesEOYAmt07816923
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05182515
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt05056086
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0400000
IRS990/OtherChangesInNetAssetsAmt0-157430
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015136
IRS990/OtherEmployeeBenefitsGrp/TotalAmt015136
IRS990/OtherExpensesGrp/Desc0EDIC OVERHEAD
IRS990/OtherExpensesGrp/Desc1PROVISION FOR CREDIT LO
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt085348
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt111224
IRS990/OtherExpensesGrp/ProgramServicesAmt048302
IRS990/OtherExpensesGrp/TotalAmt085348
IRS990/OtherExpensesGrp/TotalAmt148302
IRS990/OtherExpensesGrp/TotalAmt211224
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04510
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04510
IRS990/OtherRevenueTotalAmt04510
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt065297
IRS990/OtherSalariesAndWagesGrp/TotalAmt065297
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02721969
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03192654
IRS990/PartialLiquidationInd00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt050421
IRS990/PensionPlanContributionsGrp/TotalAmt050421
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06887
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04820
IRS990/PrincipalOfficerNm0JOHN E MARSTON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LOAN SERVICING FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0119300
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15591
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0119300
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15591
IRS990/ProgSrvcAccomActy2Grp/Desc0EARNED INCOME TAX CREDIT PROGRAM - VOLUNTEER INCOME TAX ASSISTANCE (VITA) COMMUNITY-BASED PROGRAM THAT HAS LED THE TAX EQUITY FIELD IN BOSTON FOR 20 YEARS. THE PROGRAM PROVIDES FREE, HIGH-QUALITY TAX PREPARATION AND ASSET BUILDING SERVICES IN EIGHT LANGUAGES TO APPROXIMATELY 11,752 LOW AND MODERATE-INCOME TAXPAYERS IN BOSTON ANNUALLY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0112237
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0112237
IRS990/ProgSrvcAccomActy3Grp/Desc0FINANCIAL OPPORTUNITY CENTER - PROGRAM WHICH IS PROVIDED TO LOW-TO MODERATE-INCOME RESIDENTS BY PROVIDING CAREER SERVICES, TO HELP RESIDENTS START ON A PATHWAY THAT LEADS TO EMPLOYMENT OPPORTUNITIES THAT PAY LIVING WAGES, AND INDIVIDUALIZED FINANCIAL COACHING, WHICH BEGINS WITH A BUDGET AND GOAL FOR THE FUTURE, INCORPORATING SAVINGS AND ASSET BUILDING. THIS FREE COACHING TAKES PLACE IN ONE-ON-ONE MEETINGS OVER 18-24 MONTHS. THIS PROGRAM SUPPORTED APPROXIMATELY 1,359 RESIDENTS IN FISCAL YEAR 2024. CREDIT BUILDING PROGRAMMING. EARLY CHILDHOOD LITERACY, AND CHILDREN'S SAVINGS ACCOUNTS ARE ALSO KEY COMPONENTS OF THE SERVICES PROVIDED BY THE CENTER.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0321000
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0321000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ALL OTHER PROGRAMS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0359420
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt0359420
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01870476
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0276815
IRS990/PYInvestmentIncomeAmt04794
IRS990/PYOtherExpensesAmt0115205
IRS990/PYOtherRevenueAmt05561
IRS990/PYProgramServiceRevenueAmt090862
IRS990/PYRevenuesLessExpensesAmt01356101
IRS990/PYSalariesCompEmpBnftPaidAmt0223572
IRS990/PYTotalExpensesAmt0615592
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01971693
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0487593
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0129401
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04069278
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03661050
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0319000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0286000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0153977
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0148041
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0139352
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt01046370
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0INTEREST INCOME FROM REVOLVING LOANS - 2019 AMOUNT: $ 92,114. 2020 AMOUNT: $ 38,485. 2021 AMOUNT: $ 109,484. 2022 AMOUNT: $ 87,098. 2023 AMOUNT: $ 119,300.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01572229
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01840351
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01250554
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0687954
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0711730
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt06062818
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt07843
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04794
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0333
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt04991
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0403
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt018364
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05591
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03764
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05546
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01749
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt07701
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt024351
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt07843
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt04794
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0333
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04991
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0403
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt018364
IRS990ScheduleA/InvestmentIncomeCYPct00.00280
IRS990ScheduleA/InvestmentIncomePYPct00.00180
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0119300
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt087098
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0109484
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt038485
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt092114
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0446481
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.76940
IRS990ScheduleA/PublicSupportPY509Pct00.79700
IRS990ScheduleA/PublicSupportTotal509Amt05040799
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0319000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0286000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0153977
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0148041
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0139352
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01046370
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01577820
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01844115
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01256100
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0689703
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0719431
IRS990ScheduleA/Total509Grp/TotalAmt06087169
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01704963
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01936007
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01365917
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0733179
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0811948
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06552014
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01239278
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0400000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FUNDS HELD IN TRUST
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0507664
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01726871
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BLDC EVALUATES THE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THEIR TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD, ALONG WITH ACCRUED INTEREST AND PENALTIES THEREON, WOULD BE RECORDED AS AN EXPENSE IN THE CURRENT YEAR FINANCIAL STATEMENTS. BLDC HAS EVALUATED THE TAX POSITIONS TAKEN IN ITS PREVIOUSLY FILED RETURNS AND THOSE EXPECTED TO BE TAKEN IN ITS FISCAL YEAR 2024 RETURNS AND BELIEVE THEY ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED IF EXAMINED BY FEDERAL OR STATE TAX AUTHORITIES. BLDC'S FISCAL YEARS 2021 THROUGH 2023 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0400000
IRS990ScheduleD/TotalBookValueSecuritiesAmt0507664
IRS990ScheduleD/TotalExpensesPerForm990Amt01239278
IRS990ScheduleD/TotalRevenuePerForm990Amt01726871
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01726871

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