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Nonprofiteer
← DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$10,163,285
Total expenses
$8,063,463
Contributions and grants received
$3,487,123
Grants paid
$288,777
Program service revenue
$6,760,060
Investment income
$2,810
Other revenue
-$86,708
Total assets, end of year
$62,773,183
Total liabilities, end of year
$39,590,660
Net assets or fund balances, end of year
$23,182,523
Program services expenses (Part IX)
$6,732,081
Management and general expenses
$751,225
Fundraising expenses
$580,157
Program service expenses (Part III)
$6,732,081

Program services were 83.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHARLES MCVEA

    DIRECTOR OF FINANCE & ADMIN

    Total calculated
    $257,043
    From this org
    $207,692
    From related orgs
    $0
    Other
    $49,351
    Hours/week
    9.35 + 28.15 related

    Schedule J breakdown matched by us

    Base
    $207,692
    Bonus
    $0
    Other
    $0
    Deferred
    $10,385
    Nontaxable benefits
    $38,966
    Filer's total
    $257,043

  • BETH O'DONNELL

    DIRECTOR OF REAL ESTATE

    Total calculated
    $220,320
    From this org
    $180,000
    From related orgs
    $0
    Other
    $40,320
    Hours/week
    9.35 + 28.15 related

    Schedule J breakdown matched by us

    Base
    $180,000
    Bonus
    $0
    Other
    $0
    Deferred
    $9,000
    Nontaxable benefits
    $31,320
    Filer's total
    $220,320

  • KIMBERLY LYLE

    CHIEF EXECUTIVE OFFICER (AS OF 5/22)

    Total calculated
    $213,931
    From this org
    $177,500
    From related orgs
    $0
    Other
    $36,431
    Hours/week
    9.35 + 28.15 related

    Schedule J breakdown matched by us

    Base
    $177,500
    Bonus
    $0
    Other
    $0
    Deferred
    $8,875
    Nontaxable benefits
    $27,556
    Filer's total
    $213,931

  • PERRY NEWMAN

    CHIEF EXECUTIVE OFFICER (UNTIL 5/22)

    Total calculated
    $199,059
    From this org
    $168,024
    From related orgs
    $0
    Other
    $31,035
    Hours/week
    9.35 + 28.15 related

    Schedule J breakdown matched by us

    Base
    $168,024
    Bonus
    $0
    Other
    $0
    Deferred
    $8,401
    Nontaxable benefits
    $22,634
    Filer's total
    $199,059

  • TIMOTHY CAPLICE

    ASS. DIRECTOR OF ASSET MANAGEMENT

    Total calculated
    $172,454
    From this org
    $125,000
    From related orgs
    $0
    Other
    $47,454
    Hours/week
    9.35 + 28.15 related

    Schedule J breakdown matched by us

    Base
    $125,000
    Bonus
    $0
    Other
    $0
    Deferred
    $6,250
    Nontaxable benefits
    $41,204
    Filer's total
    $172,454

  • WILLIAM RIORDAN

    ACCOUNTING MANAGER

    Total calculated
    $172,274
    From this org
    $125,000
    From related orgs
    $0
    Other
    $47,274
    Hours/week
    9.35 + 28.15 related

    Schedule J breakdown matched by us

    Base
    $125,000
    Bonus
    $0
    Other
    $0
    Deferred
    $6,250
    Nontaxable benefits
    $41,024
    Filer's total
    $172,274

  • VINCENT PINA

    DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $126,111
    From this org
    $101,363
    From related orgs
    $0
    Other
    $24,748
    Hours/week
    9.35 + 28.15 related

  • DAVID SIMMONS

    DIRECTOR OF FINANCE & ADMIN (AS OF 11/2022)

    Total calculated
    $84,486
    From this org
    $64,356
    From related orgs
    $0
    Other
    $20,130
    Hours/week
    9.35 + 28.15 related

  • PAUL BLACK

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.63 + 2.12 related

  • LEIGHTON RICHARDSON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.63 + 2.12 related

  • BRIAN WELCH

    TREASURER

    Total calculated
    $0
    Hours/week
    0.63 + 1.87 related

  • LORRAINE PAYNE WHEELER

    CLERK

    Total calculated
    $0
    Hours/week
    0.63 + 1.87 related

  • MARIA ANDRADE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.63 + 1.87 related

  • PHIL HILLMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.63 + 1.87 related

  • DARYL WRIGHT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.63 + 2.12 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

  • DERRICK BELLINGER

    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

  • NAJAH WALLACE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.63 + 1.87 related

  • JOSE PEREZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.63 + 1.87 related

  • KEITH GREENAWAY

    BOARD MEMBER (UNTIL 9/2022)

    Total calculated
    $0
    Hours/week
    0.63 + 1.87 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

  • 3 · Compensation committee
  • 3 · Written employment contract

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

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

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.

  • DORCHESTER BAY NEIGHBORHOOD LOAN FUND INC

    501(C)(3) · LENDING SERVICES FOR LOW-INCOME PROJECTS · MA · controlled entity

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

  • DB HOUSING INC

    501(C)(3) · LOW-INCOME HOUSING DEVELOPMENT · MA · controlled entity

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

  • BOSTON HOMEOWNER SERVICES COLLABORATIVE INC

    501(C)(3) · LENDING SERVICES FOR LOW-INCOME PROJECTS · MA · controlled entity

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

  • INDIGO SUPPORT CORPORATION

    501(C)(3) · LOW-INCOME HOUSING DEVELOPMENT · MA · controlled entity

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

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.

  • DB 555 DUDLEY STREET LLC

    MIXED USE HOUSING PROJECT · MA · income $403,716 · assets $4,465,517

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

  • DB COMMERCIAL INC

    COMMERCIAL DEVELOPMENT · MA

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

  • DB DUDLEY TERRACE MM LLC

    MIXED USE HOUSING PROJECT · MA

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

  • DB LEYLAND LLC

    REAL ESTATE DEVELOPMENT · MA · income $479 · assets $9,691

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

  • DB PIERCE PROPERTY SUPPORT CORPORATION

    REAL ESTATE DEVELOPMENT · MA

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

  • DUDLEY TERRACE LP

    RESIDENTIAL DEVELOPMENT · MA · income $256 · assets $0

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

  • INDIGO APARTMENTS LANDOWNER LLC

    REAL ESTATE DEVELOPMENT · MA · income $252,739 · assets $8,058,484

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

  • INDIGO APARTMENTS MM LLC

    RESIDENTIAL REAL ESTATE · MA

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

  • INDIGO BLOCKER LLC

    REAL ESTATE DEVELOPMENT · MA

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

  • INDIGO MASTER TENANT LLC

    MASTER TENANT · MA · income $0 · assets $9,801,547

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

  • LEYLAND STREET LLC

    REAL ESTATE DEVELOPMENT · MA · income $0 · assets $9,841,612

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

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.

  • 150 MAGNOLIA CORP

    C · PROJECT DEVELOPMENT · MA · 49% owned · share of income -$2,085 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • BRUNSWICK HOLBORN HOUSING INC

    C · PROJECT DEVELOPMENT · MA · 51% owned · share of income -$820 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • CEYLON FIELD INC

    C · PROJECT DEVELOPMENT · MA · 79% owned · share of income -$1,263 · share of assets $143,996 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • COLUMBIA WOOD HOUSING INC

    C · PROJECT DEVELOPMENT · MA · 51% owned · share of income -$820 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • DB COTTAGE BROOK INC

    C · PROJECT DEVELOPMENT · MA · 55% owned · share of income -$868 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • DB INDUSTRIAL INC

    C · PROJECT DEVELOPMENT · MA · 100% owned · share of income -$1,956 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • DB UPHAMS INC

    C · PROJECT DEVELOPMENT · MA · 79% owned · share of income -$1,230 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • DBCB HOUSING INC

    C · PROJECT DEVELOPMENT · MA · 100% owned · share of income -$1,818 · share of assets $12,148 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • DORCHESTER BAY DEVELOPMENT CORPORATION

    C · PROJECT DEVELOPMENT · MA · 100% owned · share of income -$1,925 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • DV NORTH HOUSING INC

    C · PROJECT DEVELOPMENT · MA · 79% owned · share of income -$1,248 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • DV SOUTH HOUSING INC

    C · PROJECT DEVELOPMENT · MA · 79% owned · share of income -$1,249 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • GLENDALE PROPERTIES INC

    C · PROJECT DEVELOPMENT · MA · 100% owned · share of income -$1,575 · share of assets $15,690 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • QHI HOUSING INC

    C · PROJECT DEVELOPMENT · MA · 51% owned · share of income -$804 · share of assets -$1,563,827 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • SISTER CLARA MUHAMMED COOPERATIVE CORP

    C · PROJECT DEVELOPMENT · MA · 51% owned · share of income -$2,056 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • WILDER GARDENS INC

    C · PROJECT DEVELOPMENT · MA · 79% owned · share of income -$1,459 · share of assets $234,549 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • LEYLAND SENIOR HOUSING MANAGER LLC

    C · PROJECT DEVELOPMENT · MA · 100% owned · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • DB PIERCE MM LLC

    C · PROJECT DEVELOPMENT · MA · 100% owned · share of income -$1,997 · share of assets $1,350 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333199349307058

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