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Nonprofiteer
← DB HOUSING INC

Form 990 for tax year 2024

Filed by DB HOUSING INC.

Totals

Total revenue
$1,052,142
Total expenses
$1,195,002
Contributions and grants received
$539,891
Grants paid
$0
Program service revenue
$510,684
Investment income
$1,195
Other revenue
$372
Total assets, end of year
$2,950,242
Total liabilities, end of year
$2,137,091
Net assets or fund balances, end of year
$813,151
Program services expenses (Part IX)
$837,323
Management and general expenses
$357,679
Fundraising expenses
$0
Program service expenses (Part III)
$837,323

Program services were 70.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PAUL BLACK

    PRESIDENT (UNTIL 4/24)

    Total calculated
    $0
    Hours/week
    0.63 + 2.12 related

  • LEIGHTON RICHARDSON

    VICE PRES. (UNTIL 4/24)/ PRESIDENT

    Total calculated
    $0
    Hours/week
    0.63 + 2.12 related

  • NAJAH WALLACE

    VICE PRES. (AS OF 4/24)

    Total calculated
    $0
    Hours/week
    0.63 + 1.87 related

  • BRIAN WELCH

    TREASURER

    Total calculated
    $0
    Hours/week
    0.63 + 2.12 related

  • LORRAINE PAYNE WHEELER

    CLERK

    Total calculated
    $0
    Hours/week
    0.63 + 2.12 related

  • PHIL HILLMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.63 + 1.87 related

  • MARY WALKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.63 + 1.87 related

  • EILEEN KENNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.63 + 1.87 related

  • ROSALYN JOHNSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.63 + 1.87 related

  • AN DUONG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.63 + 1.87 related

  • RICKY OCHILO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.63 + 1.87 related

  • KRISTEN HALBERT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.63 + 1.87 related

  • ANGELA YARDE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.63 + 1.87 related

  • DAMARIS AMACHREE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.63 + 1.87 related

  • DERRICK BELLINGER

    BOARD MEMBER (UNTIL 4/24)

    Total calculated
    $0
    Hours/week
    0.63 + 1.87 related

  • KIMBERLY LYLE

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $284,712
    From this org
    $0
    From related orgs
    $240,750
    Other
    $43,962
    Hours/week
    9.35 + 28.15 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,750 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $12,037 related
    Nontaxable benefits
    $0 + $31,925 related
    Filer's total
    $0 + $284,712 related

  • SHARAT ANANT SOMASHEKARA

    DIRECTOR OF FINANCE

    Total calculated
    $148,466
    From this org
    $0
    From related orgs
    $122,417
    Other
    $26,049
    Hours/week
    9.35 + 28.15 related

  • SUSAN CHU

    DIRECTOR OF REAL ESTATE DEVELOPMENT

    Total calculated
    $218,499
    From this org
    $0
    From related orgs
    $181,003
    Other
    $37,496
    Hours/week
    9.35 + 28.15 related

    Schedule J breakdown matched by us

    Base
    $0 + $177,003 related
    Bonus
    $0 + $4,000 related
    Other
    $0
    Deferred
    $0 + $9,050 related
    Nontaxable benefits
    $0 + $28,446 related
    Filer's total
    $0 + $218,499 related

  • SAMARIAH BATTS-SPELLER

    DIRECTOR OF PEOPLE & CULTURE

    Total calculated
    $194,138
    From this org
    $0
    From related orgs
    $166,041
    Other
    $28,097
    Hours/week
    9.35 + 28.15 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,041 related
    Bonus
    $0 + $2,000 related
    Other
    $0
    Deferred
    $0 + $8,302 related
    Nontaxable benefits
    $0 + $19,795 related
    Filer's total
    $0 + $194,138 related

  • WILLIAM RIORDAN

    ACCOUNTING MANAGER

    Total calculated
    $186,822
    From this org
    $0
    From related orgs
    $133,700
    Other
    $53,122
    Hours/week
    9.35 + 28.15 related

    Schedule J breakdown matched by us

    Base
    $0 + $127,500 related
    Bonus
    $0 + $6,200 related
    Other
    $0
    Deferred
    $0 + $6,685 related
    Nontaxable benefits
    $0 + $46,437 related
    Filer's total
    $0 + $186,822 related

  • SHERMAINE THOMPSON

    ASSOCIATE DIRECTOR OF ACCOUNTING

    Total calculated
    $179,199
    From this org
    $0
    From related orgs
    $146,589
    Other
    $32,610
    Hours/week
    9.35 + 28.15 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,389 related
    Bonus
    $0 + $8,200 related
    Other
    $0
    Deferred
    $0 + $7,329 related
    Nontaxable benefits
    $0 + $25,281 related
    Filer's total
    $0 + $179,199 related

  • BRENDA GUERRA SEGURA

    CREDIT OFFICER / PORTFOLIO MANAGER

    Total calculated
    $170,632
    From this org
    $0
    From related orgs
    $135,960
    Other
    $34,672
    Hours/week
    9.35 + 28.15 related

    Schedule J breakdown matched by us

    Base
    $0 + $129,960 related
    Bonus
    $0 + $6,000 related
    Other
    $0
    Deferred
    $0 + $6,798 related
    Nontaxable benefits
    $0 + $27,874 related
    Filer's total
    $0 + $170,632 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
ALL COMPENSATION IS PAID BY RELATED ORGANIZATION DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION. THE HUMAN RESOURCES DIRECTOR OF DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION USES MARKET DATA FROM RELEVANT PERSONNEL ALONG WITH INPUTS FROM OTHER COMPENSATION SPECIALISTS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • DORCHESTER FAMILY HOMES LLC

    DEVELOPMENT AND REHABILITATION OF LOW INCOME HOUSING · MA · income $30,681 · assets $116,610

    Directly controlled by DORCHESTER BAY HOUSING INC

  • DB 618 DUDLEY STREET LLC

    LOW INCOME HOUSING DEVELOPMENT · MA · income $108,211 · assets $633,467

    Directly controlled by DORCHESTER BAY HOUSING INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
21 October 2025
IRS schema version
2024v5.2
Source object
202502979349300820

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