Civic Intelligence

Dorchester Bay Economic Development Corporation

990 • Fiscal year 2016 • EIN 04-2681632

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

Organization ProfileWWW.DBEDC.ORG

View Organization Page

594 Columbia RoadDorchester, MA 02125

(617) 825-4200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.73x

Higher debt load relative to assets than 83% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

90th percentile

2.80x

Higher debt load relative to revenue than 90% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

19th percentile

-7.9%

Higher net margin than 19% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

62nd percentile

$210,837

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

10th percentile

-9.3%

Faster asset growth than 10% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

35th percentile

-1.7%

Faster revenue growth than 35% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$19,326,655

Down $1,974,246 (-9.3%) from 2015

Net Assets

Down

$5,140,918

Down $317,714 (-5.8%) from 2015

Liabilities

Down

$14,185,737

Down $1,656,532 (-10%) from 2015

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin19th percentile

Revenue

Down

$5,060,115

Down $87,979 (-1.7%) from 2015

Expenses

Up

$5,461,726

Up $674,551 (+14%) from 2015

Net Income

Down

-$401,611

Down $762,530 (-211%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2010: $15,711,198Liabilities 2010: $11,451,618Net Assets 2010: $4,259,5802010Assets 2011: $19,747,031Liabilities 2011: $15,469,958Net Assets 2011: $4,277,0732011Assets 2012: $20,480,935Liabilities 2012: $19,719,711Net Assets 2012: $761,2242012Assets 2013: $20,557,727Liabilities 2013: $13,900,277Net Assets 2013: $6,657,4502013Assets 2014: $21,614,625Liabilities 2014: $15,466,797Net Assets 2014: $6,147,8282014Assets 2015: $21,300,901Liabilities 2015: $15,842,269Net Assets 2015: $5,458,6322015Assets 2016: $19,326,655Liabilities 2016: $14,185,737Net Assets 2016: $5,140,9182016Assets 2017: $20,792,430Liabilities 2017: $15,287,815Net Assets 2017: $5,504,6152017Assets 2018: $22,881,236Liabilities 2018: $16,941,934Net Assets 2018: $5,939,3022018Assets 2019: $43,110,084Liabilities 2019: $30,527,340Net Assets 2019: $12,582,7442019Assets 2020: $60,116,092Liabilities 2020: $42,816,049Net Assets 2020: $17,300,0432020Assets 2021: $50,118,730Liabilities 2021: $24,675,123Net Assets 2021: $25,443,6072021Assets 2022: $62,773,183Liabilities 2022: $39,590,660Net Assets 2022: $23,182,5232022Assets 2023: $53,945,758Liabilities 2023: $29,651,306Net Assets 2023: $24,294,4522023Assets 2024: $55,147,532Liabilities 2024: $29,530,640Net Assets 2024: $25,616,8922024

Highlighted filing

2016

Assets$19,326,655
Liabilities$14,185,737
Net Assets$5,140,918
Open 2016 Filing

Operations Trend

Revenue Growth35th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,370,3132010Expenses 2011: $2,808,0862011Expenses 2012: $2,977,3852012Revenue 2013: $7,711,487Expenses 2013: $3,271,095Net Income 2013: $4,440,3922013Revenue 2014: $3,849,304Expenses 2014: $4,005,423Net Income 2014: -$156,1192014Revenue 2015: $5,148,094Expenses 2015: $4,787,175Net Income 2015: $360,9192015Revenue 2016: $5,060,115Expenses 2016: $5,461,726Net Income 2016: -$401,6112016Revenue 2017: $4,962,969Expenses 2017: $4,709,461Net Income 2017: $253,5082017Revenue 2018: $5,073,309Expenses 2018: $4,704,257Net Income 2018: $369,0522018Revenue 2019: $12,026,671Expenses 2019: $5,383,799Net Income 2019: $6,642,8722019Revenue 2020: $8,874,530Expenses 2020: $7,249,188Net Income 2020: $1,625,3422020Revenue 2021: $16,286,134Expenses 2021: $6,609,360Net Income 2021: $9,676,7742021Revenue 2022: $10,163,285Expenses 2022: $8,063,463Net Income 2022: $2,099,8222022Revenue 2023: $12,593,252Expenses 2023: $8,160,945Net Income 2023: $4,432,3072023Revenue 2024: $7,247,140Expenses 2024: $7,674,271Net Income 2024: -$427,1312024

Highlighted filing

2016

Revenue$5,060,115
Expenses$5,461,726
Net Income-$401,611
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$5,492,380
Mission and Program Overview

Mission

Dorchester bay economic development corporation acts to build a strong, thriving, and diverse community in boston's dorchester neighborhoods. Working closely with neighborhood residents and partners, we access resources to:-develop and preserve affordable home ownership and rental housing,-create and sustain commercial and economic development opportunities, and-build community power through organizing and leadership development.

Dorchester bay economic development corporation acts to build a strong, thriving, and diverse community in boston's dorchester neighborhoods. Working closely with neighborhoods, residents, businesses and partners, we access resources to:-develop and preserve home ownership and rental housing across income levels-create and sustain economic development opportunities for businesses and individuals-build community through organizing, civic engagements, and leadership development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$10,310,263$10,090,298▼ $219,965
Land, Buildings, and Equipment, Net$5,046,486$4,933,577▼ $112,909
Cash and Non-Interest-Bearing Accounts$1,664,225$1,668,509▲ $4,284
Accounts Receivable$78,300$145,468▲ $67,168
Pledges and Grants Receivable$184,570$116,853▼ $67,717
Savings and Temporary Cash Investments$71,036$71,058▲ $22
Prepaid Expenses and Deferred Charges$19,798$29,637▲ $9,839
Total Assets$21,300,901$19,326,655▼ $1,974,246
Other Assets Total$3,926,223$2,271,255▼ $1,654,968
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,401,632$12,273,627▲ $871,995
Accounts Payable and Accrued Expenses$1,992,012$951,200▼ $1,040,812
Other Liabilities$2,431,567$943,714▼ $1,487,853
Escrow Account Liability$17,058$17,196▲ $138
Total Liabilities$15,842,269$14,185,737▼ $1,656,532
Net Assets / Fund Balance
Unrestricted Net Assets$5,069,235$4,864,379▼ $204,856
Temporarily Rstr Net Assets$389,397$276,539▼ $112,858
Total Net Assets Fund Balance$5,458,632$5,140,918▼ $317,714
Total Liabilities and Net Assets / Fund Balance$21,300,901$19,326,655▼ $1,974,246

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,473,271$630,239$5,103,510
Equipment$43,022$360,701$403,723
Land$376,800-$376,800
Leasehold Improvements$40,484$152,758$193,242
Investment Program Related Org$9,826,580--
Other Assets Org$103,356--
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Perry NewmanChief Executive OfficerPT$173,000$37,837$210,837
Charles McveaDirector of FinancePT$102,500$18,678$121,178

Board Members and Trustees

NameTitle
Daryl WrightPresident
Elrette MarionVice President
Angela VoBoard Member
Ayoka DrakeBoard Member
Christine GreenBoard Member
Derek McclearyBoard Member
Eileen KennerBoard Member
K BETH O'DONNELLBoard Member
Keith GreenawayBoard Member
Maria AndradeBoard Member
Mary WalkerBoard Member
Michelle CannonBoard Member
Rosalyn JohnsonBoard Member
An DuongClerk
Paul BlackTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Alexander Aronson Finning And Co PCAudit And Accounting50 WASHINGTON STREET, Westborough, MA 01581$159,944
Codman Square NdcAffordable Housing Planning587 WASHINGTON STREET, Dorchester, MA 02124$125,591
Revenue and Support

Revenue Composition

Contributions and Grants
$1,098,347
Program Service Revenue
$4,159,309
Investment Income
$454
Other Revenue
$-197,995
All Other Contributions
$446,516
Change in Net Assets
$-401,611

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,162,634
Revenue Not Reported on Financial Statements
$-102,519
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-102,519
Total Revenue per Audited Statements
$5,162,634
Total Revenue per Form 990
$5,060,115
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,999,811
Salaries, Compensation, and Employee Benefits$2,138,599
Grants and Similar Amounts Paid$323,316
Total Fundraising Expense$250,013
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$895,329$374,743$154,122$1,424,194
Occupancy$1,357,059$49,376$8,616$1,415,051
Fees for Services Other$290,964$211,231-$502,195
Current Officers, Directors, Trustees, and Key Employees$78,010$232,921$21,084$332,015
Office Expenses$94,674$117,925$14,557$227,156
Grants to Domestic Orgs$214,146--$214,146
Other Employee Benefits$145,298$10,885$25,840$182,023
Payments to Affiliates$144,349--$144,349
Fees for Services Accounting-$135,000-$135,000
Payroll Taxes$69,560$47,005$12,474$129,039
Grants to Domestic Individuals$109,170--$109,170
Pension Plan Contributions$47,488$16,195$7,645$71,328
Fees for Services Legal$11,237$33,381-$44,618
Depreciation Depletion$13,290$9,044-$22,334
Travel$7,604$6,706-$14,310
Interest-$14,192-$14,192
Conferences and Meetings$818--$818
Other Expenses$14,134$-123,425$5,675$-123,425
Total Functional Expenses$4,025,616$1,186,097$250,013$5,461,726

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,461,726
Total Expenses per Form 990$5,461,726
Total Expenses per Audited Statements$5,443,104
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-18,622
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Codman Square Neighborhood Development CorporationDorchester, MA501(c)(3)Low Income Housing Assistance$125,591
Southwest Boston Community Development CorporationHyde Park, MA501(c)(3)Low Income Housing Assistance$61,641
Third SectorBoston, MA501(c)(3)Low Income Housing Assistance$19,812
New Market Community PartnersBoston, MA501(c)(3)Low Income Housing Assistance$7,102
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$18,622
Fundraising Gross Income$14,092
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Event$230,092$14,092$144$13,948
Total Events$230,092$14,092$18,622$-4,530
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$943,714
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Only 555 dudley is managed by a property management company. The property management company provide day to day management of 555 dudley and provide property maintenance as well. The total expenses of 555 dudley represent approximately 10% of the total expenses of dorchester bay economic development corporation.”

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

“The 990 is distributed to the governing body for review and questions.”

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

“The board of directors approved a revised conflict of interest policy at the june, 2010 board meeting including procedures to monitor compliance with the policy. Employees and board members are required on an annual basis to review the conflict of interest policy. After their review, the employees and board members are required to sign a form that not only asserts they have read and understand the policy, but that they agree to comply with the policy. Any potential conflicts are to be noted at that time.”

Form 990, Part VI, Section B, Line 15

“The human resource director uses market data from relevant personnel along with inputs from other compensation specialists.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest statements and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Dorchester Bay Economic Development
EIN
04-2681632
Phone
6178254200
Address
594 COLUMBIA ROAD, DORCHESTER, MA 02125

Signing Officer

Name
Charles a Mcvea Iii
Title
Director of Finance and Admin
Phone
6178254200
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles a Mcvea Iii
Formed
1979
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
15
Employees
28
Volunteers
0

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
David J Kellehercpa
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Pierce rental income 83,897.”

FORM 990, PART XII, LINE 2C:

“The oversight process for the audit and selection of an independent accountant has not changed between years.”

Financial Statement Notes

PART IV, LINE 2B:

“Dbedc and affiliates maintain cash accounts as a fiscal agent on behalf of several neighborhood groups. They also hold security deposits for tenants at the pierce building, as well as funds as escrow agent for borrowers of its loan programs.”

PART X, LINE 2:

“Dbedc accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the consolidating financial statements regarding a tax position taken or expected to be taken in a tax return. Dbedc has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the consolidating financial statements at december 31, 2016.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Pierce rental income -83,897. Direct fundraising expense -18,622.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Direct fundraising expense -18,622.”

Raw XML AppendixShowing 400 of 1,308 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION ACTS TO BUILD A STRONG, THRIVING, AND DIVERSE COMMUNITY IN BOSTON'S DORCHESTER NEIGHBORHOODS. WORKING CLOSELY WITH NEIGHBORHOODS, RESIDENTS, BUSINESSES AND PARTNERS, WE ACCESS RESOURCES TO:-DEVELOP AND PRESERVE HOME OWNERSHIP AND RENTAL HOUSING ACROSS INCOME LEVELS-CREATE AND SUSTAIN ECONOMIC DEVELOPMENT OPPORTUNITIES FOR BUSINESSES AND INDIVIDUALS-BUILD COMMUNITY THROUGH ORGANIZING, CIVIC ENGAGEMENTS, AND LEADERSHIP DEVELOPMENT.
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1612.50
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1518678
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1637837
IRS990/Form990PartVIISectionAGrp/PersonNm0ELRETTE MARION
IRS990/Form990PartVIISectionAGrp/PersonNm1DARYL WRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm2ANGELA VO
IRS990/Form990PartVIISectionAGrp/PersonNm3MARY WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm4MARIA ANDRADE
IRS990/Form990PartVIISectionAGrp/PersonNm5EILEEN KENNER
IRS990/Form990PartVIISectionAGrp/PersonNm6ROSALYN JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm7AN DUONG
IRS990/Form990PartVIISectionAGrp/PersonNm8CHRISTINE GREEN
IRS990/Form990PartVIISectionAGrp/PersonNm9PAUL BLACK
IRS990/Form990PartVIISectionAGrp/PersonNm10AYOKA DRAKE
IRS990/Form990PartVIISectionAGrp/PersonNm11DEREK MCCLEARY
IRS990/Form990PartVIISectionAGrp/PersonNm12MICHELLE CANNON
IRS990/Form990PartVIISectionAGrp/PersonNm13KEITH GREENAWAY
IRS990/Form990PartVIISectionAGrp/PersonNm14K BETH O'DONNELL
IRS990/Form990PartVIISectionAGrp/PersonNm15CHARLES MCVEA
IRS990/Form990PartVIISectionAGrp/PersonNm16PERRY NEWMAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15102500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16173000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHIEF EXECUTIVE OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0216000
IRS990/FundraisingDirectExpensesAmt018622
IRS990/FundraisingGrossIncomeAmt014092
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt0350857
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0109170
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0109170
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0214146
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0214146
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05492380
IRS990/GrossRentsGrp/RealAmt0220178
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt014192
IRS990/InterestGrp/TotalAmt014192
IRS990/InvestmentIncomeGrp/ExclusionAmt0454
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0454
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsProgramRelatedGrp/BOYAmt010310263
IRS990/InvestmentsProgramRelatedGrp/EOYAmt010090298
IRS990/IRPDocumentCnt035
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01143698
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05046486
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04933577
IRS990/LandBldgEquipCostOrOtherBssAmt06077275
IRS990/LegalDomicileStateCd0MA
IRS990/LessRentalExpensesGrp/RealAmt0413643
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION ACTS TO BUILD A STRONG, THRIVING, AND DIVERSE COMMUNITY IN BOSTON'S DORCHESTER NEIGHBORHOODS. WORKING CLOSELY WITH NEIGHBORHOOD RESIDENTS AND PARTNERS, WE ACCESS RESOURCES TO:-DEVELOP AND PRESERVE AFFORDABLE HOME OWNERSHIP AND RENTAL HOUSING,-CREATE AND SUSTAIN COMMERCIAL AND ECONOMIC DEVELOPMENT OPPORTUNITIES, AND-BUILD COMMUNITY POWER THROUGH ORGANIZING AND LEADERSHIP DEVELOPMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt011401632
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012273627
IRS990/NetAssetsOrFundBalancesBOYAmt05458632
IRS990/NetAssetsOrFundBalancesEOYAmt05140918
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-4530
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-4530
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-139424
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-193465
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-54041
IRS990/NetUnrelatedBusTxblIncmAmt0-54041
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt08616
IRS990/OccupancyGrp/ManagementAndGeneralAmt049376
IRS990/OccupancyGrp/ProgramServicesAmt01357059
IRS990/OccupancyGrp/TotalAmt01415051
IRS990/OfficeExpensesGrp/FundraisingAmt014557
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0117925
IRS990/OfficeExpensesGrp/ProgramServicesAmt094674
IRS990/OfficeExpensesGrp/TotalAmt0227156
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03926223
IRS990/OtherAssetsTotalGrp/EOYAmt02271255
IRS990/OtherChangesInNetAssetsAmt083897
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt025840
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010885
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0145298
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0182023
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2PROGRAM COSTS
IRS990/OtherExpensesGrp/Desc3G&A ALLOCATION
IRS990/OtherExpensesGrp/FundraisingAmt05675
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt024000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt126918
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2-123425
IRS990/OtherExpensesGrp/ProgramServicesAmt0503627
IRS990/OtherExpensesGrp/ProgramServicesAmt128859
IRS990/OtherExpensesGrp/ProgramServicesAmt214134
IRS990/OtherExpensesGrp/TotalAmt0527627
IRS990/OtherExpensesGrp/TotalAmt161452
IRS990/OtherExpensesGrp/TotalAmt214134
IRS990/OtherExpensesGrp/TotalAmt3-123425
IRS990/OtherLiabilitiesGrp/BOYAmt02431567
IRS990/OtherLiabilitiesGrp/EOYAmt0943714
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0154122
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0374743
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0895329
IRS990/OtherSalariesAndWagesGrp/TotalAmt01424194
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt0144349
IRS990/PaymentsToAffiliatesGrp/TotalAmt0144349
IRS990/PayrollTaxesGrp/FundraisingAmt012474
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt047005
IRS990/PayrollTaxesGrp/ProgramServicesAmt069560
IRS990/PayrollTaxesGrp/TotalAmt0129039
IRS990/PensionPlanContributionsGrp/FundraisingAmt07645
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt016195
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt047488
IRS990/PensionPlanContributionsGrp/TotalAmt071328
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0184570
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0116853
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019798
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029637
IRS990/PrincipalOfficerNm0CHARLES A MCVEA III
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/BusinessCd4531390
IRS990/ProgramServiceRevenueGrp/Desc0RESIDENT SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1PROJECT FEES
IRS990/ProgramServiceRevenueGrp/Desc2RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc3INTEREST INCOME ON NOTES RECEIVAB
IRS990/ProgramServiceRevenueGrp/Desc4RECOVERY OF NOTES RECEIVABLE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01536288
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11187243
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2939271
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3492219
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt44288
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01536288
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11187243
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2939271
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3492219
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt44288
IRS990/ProgSrvcAccomActy2Grp/Desc0PROJECT DEVELOPMENT:PROJECT DEVELOPMENT ACQUIRES CONSTRUCTS AND REDEVELOPS REAL ESTATE IN OUR SERVICE AREA WITH THE GOAL OF REDUCING BLIGHT, IMPROVING THE NEIGHBORHOOD, CREATING AND PRESERVING AFFORDABLE HOUSING, AS WELL AS COMMERCIAL SPACE THAT PROVIDES JOBS, SERVICES AND PLACES FOR BUSINESSES TO GROW AND THRIVE. IN 2016, WE STARTED THE SUBSTANTIAL RENOVATION OF COTTAGE BROOK (147 UNITS OF AFFORDABLE HOUSING) A PORTFOLIO PROJECT THAT HAS BEEN IN NEED OF SIGNIFICANT UPGRADES. THE PLANNED COMPLETION IN 2017 IS ON TRACK. WE ALSO ADVANCED VARIOUS OTHER PROJECTS THROUGH THE PUBLIC APPROVAL AND FUNDING PROCESSES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03201308
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0323316
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02513665
IRS990/ProgSrvcAccomActy3Grp/Desc0ECONOMIC DEVELOPMENT:ECONOMIC DEVELOPMENT PROVIDE ONE-ON-ONE PRE-LOAN AND POST-LOAN TECHNICAL ASSISTANCE TO SMALL BUSINESS ENTREPRENEURS AND BORROWERS. THE BUSINESS LOAN FUND OFFERS DIRECT LOANS FROM $500 TO $50,000 (BOTH DB CAPITAL AND SBA LOANS). DBEDC IS THE ONLY BOSTON AREA CDC TO MAKE DIRECT LOANS TO SMALL BUSINESSES. DBEDC'S TWO-PRONGED STRATEGIES OF DEVELOPING COMMERCIAL REAL ESTATE AND LENDING TO BUSINESSES REINFORCE EACH OTHER BY CREATING PHYSICAL SPACES FOR BUSINESS AND ALSO STRENGTHENING INTERNAL BUSINESS CAPACITY. COMMERCIAL REVITALIZATION IS GIVING NEW LIFE TO THE COMMERCIAL DISTRICTS IN OUR AREA. WE HAVE COMPLETED A WIDE ARRAY OF DIFFERENT TYPES OF BUSINESSES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt03856
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt05783
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ASSET MANAGEMENT:ASSET MANAGEMENT FOCUSES ON THE LONG TERM STEWARDSHIP OF THE DBEDC PROPERTIES BY SEEKING OUT PHYSICAL, SOCIAL, FINANCIAL, ENVIRONMENTAL AND POLICY OPPORTUNITIES THAT WOULD MAXIMIZE THE VALUE OF THE PORTFOLIO AS WELL AS IMPROVE THE LIVES OF THE RESIDENTS IN THE PROPERTIES. RESILIENCY PLANNING BEGAN IN 2016 AND AS SUCH 90% OF DISASTER PREPAREDNESS MANUALS WORK IS COMPLETE. AT LEAST 1 MILLION DOLLARS WAS SPENT IN CAPITAL IMPROVEMENTS IN THE PORTFOLIO TO MAKE SURE THE PROPERTIES REMAIN IN GOOD PHYSICAL SHAPE, 100% OF THE PROPERTIES ARE BEING TRACKED ON ENERGY EFFICIENCY SOFTWARE AND ON AVERAGE THE PORTFOLIO HAD A 99% OCCUPANCY RATE.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0130718
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt01060560
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,326,655
Liabilities
$14,185,737
Net assets
$5,140,918
Revenue
$5,060,115
Expenses
$5,461,726
Net income
-$401,611
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$55.1$29.5$25.6$7.25$7.67$0.43
2023Detailed filing. Detailed filing data is available for this year.$53.9$29.7$24.3$12.6$8.16$4.43
2022Detailed filing. Detailed filing data is available for this year.$62.8$39.6$23.2$10.2$8.06$2.10
2021Detailed filing. Detailed filing data is available for this year.$50.1$24.7$25.4$16.3$6.61$9.68
2020Detailed filing. Detailed filing data is available for this year.$60.1$42.8$17.3$8.87$7.25$1.63
2019Detailed filing. Detailed filing data is available for this year.$43.1$30.5$12.6$12.0$5.38$6.64
2018Detailed filing. Detailed filing data is available for this year.$22.9$16.9$5.94$5.07$4.70$0.37
2017Detailed filing. Detailed filing data is available for this year.$20.8$15.3$5.50$4.96$4.71$0.25
2016Detailed filing. Detailed filing data is available for this year.$19.3$14.2$5.14$5.06$5.46$0.40
2015Detailed filing. Detailed filing data is available for this year.$21.3$15.8$5.46$5.15$4.79$0.36
2014Detailed filing. Detailed filing data is available for this year.$21.6$15.5$6.15$3.85$4.01$0.16
2013Detailed filing. Detailed filing data is available for this year.$20.6$13.9$6.66$7.71$3.27$4.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.5$19.7$0.76$2.98
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.7$15.5$4.28$2.81
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.7$11.5$4.26$3.37