Civic Intelligence

Ebcdc Inc

990 • Fiscal year 2020 • EIN 04-2755270

Jan 01, 2020 to Dec 31, 2020 • Filed on May 03, 2021

Organization Profilewww.ebcdc.com

View Organization Page

72 Marginal StreetEast Boston, MA 02128

(617) 569-5590

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.54x

Higher debt load relative to assets than 72% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

5.43x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

82nd percentile

27%

Higher net margin than 82% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

76th percentile

19%

Faster asset growth than 76% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

16th percentile

-18%

Faster revenue growth than 16% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$57,895,739

Up $9,108,530 (+19%) from 2019

Net Assets

Up

$26,762,920

Up $2,835,936 (+12%) from 2019

Liabilities

Up

$31,132,819

Up $6,272,594 (+25%) from 2019

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin82nd percentile

Revenue

Down

$5,731,904

Down $1,294,439 (-18%) from 2019

Expenses

Up

$4,198,983

Up $271,497 (+6.9%) from 2019

Net Income

Down

$1,532,921

Down $1,565,936 (-51%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$80M$60M$40M$20M$0Assets 2010: $18,233,419Liabilities 2010: $9,733,723Net Assets 2010: $8,499,6962010Assets 2011: $19,486,923Liabilities 2011: $11,018,999Net Assets 2011: $8,467,9242011Assets 2012: $20,181,816Liabilities 2012: $11,606,481Net Assets 2012: $8,575,3352012Assets 2013: $21,015,126Liabilities 2013: $12,223,580Net Assets 2013: $8,791,5462013Assets 2014: $25,719,054Liabilities 2014: $15,211,787Net Assets 2014: $10,507,2672014Assets 2015: $28,409,036Liabilities 2015: $17,263,189Net Assets 2015: $11,145,8472015Assets 2016: $30,427,294Liabilities 2016: $18,185,961Net Assets 2016: $12,241,3332016Assets 2017: $30,238,564Liabilities 2017: $17,865,136Net Assets 2017: $12,373,4282017Assets 2018: $42,065,835Liabilities 2018: $21,775,530Net Assets 2018: $20,290,3052018Assets 2019: $48,787,209Liabilities 2019: $24,860,225Net Assets 2019: $23,926,9842019Assets 2020: $57,895,739Liabilities 2020: $31,132,819Net Assets 2020: $26,762,9202020Assets 2021: $58,217,013Liabilities 2021: $32,500,277Net Assets 2021: $25,716,7362021Assets 2022: $63,496,599Liabilities 2022: $36,693,343Net Assets 2022: $26,803,2562022Assets 2023: $63,331,704Liabilities 2023: $36,209,114Net Assets 2023: $27,122,5902023Assets 2024: $70,180,587Liabilities 2024: $35,995,442Net Assets 2024: $34,185,1452024

Highlighted filing

2020

Assets$57,895,739
Liabilities$31,132,819
Net Assets$26,762,920
Open 2020 Filing

Operations Trend

Revenue Growth16th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $2,138,4742010Expenses 2011: $2,379,7492011Expenses 2012: $2,450,9922012Revenue 2013: $2,761,202Expenses 2013: $2,544,991Net Income 2013: $216,2112013Revenue 2014: $4,375,720Expenses 2014: $2,659,999Net Income 2014: $1,715,7212014Revenue 2015: $4,870,852Expenses 2015: $2,756,423Net Income 2015: $2,114,4292015Revenue 2016: $4,333,650Expenses 2016: $3,248,408Net Income 2016: $1,085,2422016Revenue 2017: $4,376,505Expenses 2017: $4,244,410Net Income 2017: $132,0952017Revenue 2018: $1,367,638Expenses 2018: $1,448,574Net Income 2018: -$80,9362018Revenue 2019: $7,026,343Expenses 2019: $3,927,486Net Income 2019: $3,098,8572019Revenue 2020: $5,731,904Expenses 2020: $4,198,983Net Income 2020: $1,532,9212020Revenue 2021: $4,262,747Expenses 2021: $5,308,240Net Income 2021: -$1,045,4932021Revenue 2022: $4,994,737Expenses 2022: $4,962,301Net Income 2022: $32,4362022Revenue 2023: $6,792,963Expenses 2023: $6,473,629Net Income 2023: $319,3342023Revenue 2024: $9,072,239Expenses 2024: $6,548,328Net Income 2024: $2,523,9112024

Highlighted filing

2020

Revenue$5,731,904
Expenses$4,198,983
Net Income$1,532,921
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 3, 2021
Return Version
2020v4.1
Gross Receipts
$7,191,224
Mission and Program Overview

Mission

To assist the creation of

To assist the creation of affordable housing and economic development that benefits the residents of East Boston.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$28,475,084$30,038,029▲ $1,562,945
Land, Buildings, and Equipment, Net$13,924,453$16,116,853▲ $2,192,400
Savings and Temporary Cash Investments$3,565,141$5,698,173▲ $2,133,032
Investments Program Related$2,547,167$1,448,814▼ $1,098,353
Cash and Non-Interest-Bearing Accounts$92,006$1,077,200▲ $985,194
Accounts Receivable$121,609$310,342▲ $188,733
Prepaid Expenses and Deferred Charges$61,749$61,631▼ $118
Total Assets$48,787,209$57,895,739▲ $9,108,530
Other Assets Total-$3,144,697-
Liabilities
Mortgage Notes Payable Secured by Investment Property$17,484,025$20,452,073▲ $2,968,048
Other Liabilities$6,736,821$6,748,523▲ $11,702
Deferred Revenue$5,892$3,333,449▲ $3,327,557
Accounts Payable and Accrued Expenses$633,487$598,774▼ $34,713
Total Liabilities$24,860,225$31,132,819▲ $6,272,594
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$23,926,984$26,762,920▲ $2,835,936
Total Net Assets Fund Balance$23,926,984$26,762,920▲ $2,835,936
Total Liabilities and Net Assets / Fund Balance$48,787,209$57,895,739▲ $9,108,530

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,049,642$3,317,318$15,366,960
Land$3,384,752-$3,384,752
Other Land Buildings$526,787-$526,787
Equipment$155,672$117,027$272,699
Investment Program Related Org$128,302--
Other Assets Org$3,144,697--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Albert CaldarelliPresidentFT$279,247$10,855$290,102
Albert Caldarelli--$220,747$69,355$290,102
Albert Festa--$196,916$70,454$267,370
Albert FestaFin. DirectorFT$255,036$11,955$266,991
Salvadore Colombo--$191,916$73,638$265,554
Salvadore ColomboGen. Mgr.FT$255,516$10,037$265,553
Cynthia FrondutoFin. Compl. OfficerFT$161,608$25,029$186,637
Cynthia Fronduto--$139,608$47,028$186,636

Board Members and Trustees

NameTitle
Pasquale CordiscoChair Person
Kempton FlemmingVice Chair
Annieratha SaingDirector
Donald CoverdaleDirector
Francis BiagiottiDirector
Frida SanchezDirector
Gabriella ColettaDirector
Gloria Ruiz-amayaDirector
Heriberto MoralesDirector
John MaffeoDirector
Kathleen OrlandoDirector
Mark KratmanDirector
Matteo CasciatoDirector
Nicole BecklesDirector
Rita IngersollDirector
Thomas BriandDirector
Blanca AyalaAsst. Treasurer
Ruth CaponeSecretary/clerk
Elizabeth GarufoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Michael A Interbartolo JrArchitect services80 Border Street, East Boston, MA 02128$107,426
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2,446,115
Other Revenue
$3,285,789
Change in Net Assets
$1,532,921
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,692,124
Other Expenses$506,859
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,766,887$475,822$0$2,242,709
Current Officers, Directors, Trustees, and Key Employees$522,657$267,142$0$789,799
Other Employee Benefits$254,854$83,345$0$338,199
Payroll Taxes$173,311$56,246$0$229,557
Pension Plan Contributions$83,514$8,346$0$91,860
Information Technology$67,832$22,012$0$89,844
Insurance$22,759$45,382$0$68,141
All Other Expenses$36,956$30,861$0$67,817
Fees for Services Accounting$0$66,660$0$66,660
Occupancy$15,479$30,864$0$46,343
Travel$17,350$0$0$17,350
Other Expenses$0$11,040$0$11,040
Conferences and Meetings$3,825$5,899$0$9,724
Depreciation Depletion$0$8,760$0$8,760
Fees for Services Legal$8,216$0$0$8,216
Office Expenses$4,357$2,400$0$6,757
Advertising$278$540$0$818
Interest$174$0$0$174
Total Functional Expenses$3,074,637$1,124,346$0$4,198,983
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable to Related Parties$6,671,300
Security Deposits$77,223
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Ebcdc Inc
EIN
04-2755270
Phone
6175695590
Address
72 MARGINAL STREET, EAST BOSTON, MA 02128

Signing Officer

Name
Albert Caldarelli
Title
President
Phone
6175695590
Signed
2021-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Albert Caldarelli
Formed
1979
Legal Domicile
Ma
Voting Board Members
21
Independent Board Members
19
Employees
69
Volunteers
0

Preparer

Firm
Bernard Johnson & Company Pc
Address
15 MAIN STREET, TOPSFIELD, MA 01983
Preparer
Julie A Couto CPA
Phone
9788872220
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“Members are residents of East Boston Massachusetts who register as members with the Organization.”

Pt VI, Line 7A

“Members elect the Board of Directors of the Organization.”

Pt VI, Line 11B

“The Form 990 is reviewed by the Executive Director, Financial Director and available for review by the Board of Directors prior to filing.”

Pt VI, Line 19

“The financial statements are available for review on the Massachusetts Attorney General's Charitable Division website. Governing policies and financial statements are available upon request.”

Pt XI

“Other changes in net assets represents limited partner distributions as a result of the sale of real estate to a related party.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3ASST. TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY/CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR PERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20FIN. DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21GEN. MGR.
IRS990/Form990PartVIISectionAGrp/TitleTxt22FIN. COMPL. OFFICER
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IRS990/MissionDesc0To assist the creation of affordable housing and economic development that benefits the residents of East Boston.
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1836016
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2532846
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02096215

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$57,895,739
Liabilities
$31,132,819
Net assets
$26,762,920
Revenue
$5,731,904
Expenses
$4,198,983
Net income
$1,532,921
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$70.2$36.0$34.2$9.07$6.55$2.52
2023Detailed filing. Detailed filing data is available for this year.$63.3$36.2$27.1$6.79$6.47$0.32
2022Detailed filing. Detailed filing data is available for this year.$63.5$36.7$26.8$4.99$4.96$0.03
2021Detailed filing. Detailed filing data is available for this year.$58.2$32.5$25.7$4.26$5.31$1.05
2020Detailed filing. Detailed filing data is available for this year.$57.9$31.1$26.8$5.73$4.20$1.53
2019Detailed filing. Detailed filing data is available for this year.$48.8$24.9$23.9$7.03$3.93$3.10
2018Summary only. Only limited summary data is available for this year.$42.1$21.8$20.3$1.37$1.45$0.08
2017Detailed filing. Detailed filing data is available for this year.$30.2$17.9$12.4$4.38$4.24$0.13
2016Detailed filing. Detailed filing data is available for this year.$30.4$18.2$12.2$4.33$3.25$1.09
2015Detailed filing. Detailed filing data is available for this year.$28.4$17.3$11.1$4.87$2.76$2.11
2014Detailed filing. Detailed filing data is available for this year.$25.7$15.2$10.5$4.38$2.66$1.72
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$12.2$8.79$2.76$2.54$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.2$11.6$8.58$2.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.5$11.0$8.47$2.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.2$9.73$8.50$2.14