Totals
- Total revenue
- $596,539
- Total expenses
- $615,783
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $596,539
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $13,134,162
- Total liabilities, end of year
- $10,885,686
- Net assets or fund balances, end of year
- $2,248,476
- Program services expenses (Part IX)
- $599,179
- Management and general expenses
- $16,604
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $599,179
Program services were 97.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: RENTAL INCOME
total $596,539 · related or exempt $596,539
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $37,250 · program services $37,250
-
20 · Interest
total $354,110 · program services $354,110
-
22 · Depreciation, depletion and amortization
total $207,819 · program services $207,819
-
24a · Other expenses: MISCELLANEOUS
total $16,604 · management and general $16,604
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $241,286 · end of year $33,548
-
10a · Land, buildings and equipment: cost or other basis
$9,534,014
-
10b · Land, buildings and equipment: accumulated depreciation
$225,098
-
10c · Land, buildings and equipment, net
beginning of year $9,478,947 · end of year $9,308,916
-
15 · Other assets
beginning of year $4,203,105 · end of year $3,791,698
-
17 · Accounts payable and accrued expenses
beginning of year $686,588 · end of year $39,438
-
19 · Deferred revenue
beginning of year $134,500
-
23 · Secured mortgages and notes payable
beginning of year $10,772,112 · end of year $10,776,527
-
25 · Other liabilities
beginning of year $62,418 · end of year $69,721
-
27 · Net assets without donor restrictions
beginning of year $2,267,720 · end of year $2,248,476
Mission and programs · 2022
Mission
THE OGRANIZATION WAS FORMED TO SUPPORT DORCESTER BAY ECONOMIC DEVELOPMENT CORPORATION.
Activities or mission (Part I)
THE INDIGO SUPPORT CORPORATION WAS FORMED TO SUPPORT DORCESTER BAY ECONOMIC DEVELOPMENT CORPORATION.
-
SUPPORTS DORCHESTER BAY ECONOMIC CORPORATION TO DEVELOP, INITIATE, AND OPERATE PROJECTS THAT ARE CONSISTENT WITH COMMUNITY NEEDS IN THE GREATER DORCHESTER AREA.
Expenses $599,179 · Revenue $596,539
As filed on the 2022 return.
Listed in Part VII
-
Charles McVeaCHARLES MCVEA
DIRECTOR OF FINANCE & ADMIN (UNTIL 11/22)
- Total calculated
- $257,043
- From this org
- $0
- From related orgs
- $207,692
- Other
- $49,351
- Hours/week
- 9.35 + 28.15 related
Schedule J breakdown matched by us
- Base
- $0 + $207,692 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $10,385 related
- Nontaxable benefits
- $0 + $38,966 related
- Filer's total
- $0 + $257,043 related
-
Beth O'DonnellBETH O'DONNELL
DIRECTOR OF REAL ESTATE
- Total calculated
- $220,320
- From this org
- $0
- From related orgs
- $180,000
- Other
- $40,320
- Hours/week
- 9.35 + 28.15 related
Schedule J breakdown matched by us
- Base
- $0 + $180,000 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $9,000 related
- Nontaxable benefits
- $0 + $31,320 related
- Filer's total
- $0 + $220,320 related
-
Kimberly LyleKIMBERLY LYLE
CHIEF EXECUTIVE OFFICER (AS OF 5/22)
- Total calculated
- $213,931
- From this org
- $0
- From related orgs
- $177,500
- Other
- $36,431
- Hours/week
- 9.35 + 28.15 related
Schedule J breakdown matched by us
- Base
- $0 + $177,500 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $8,875 related
- Nontaxable benefits
- $0 + $27,556 related
- Filer's total
- $0 + $213,931 related
-
Perry NewmanPERRY NEWMAN
CHIEF EXECUTIVE OFFICER (UNTIL 5/22)
- Total calculated
- $199,059
- From this org
- $0
- From related orgs
- $168,024
- Other
- $31,035
- Hours/week
- 9.35 + 28.15 related
Schedule J breakdown matched by us
- Base
- $0 + $168,024 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $8,401 related
- Nontaxable benefits
- $0 + $22,634 related
- Filer's total
- $0 + $199,059 related
-
Timothy CapliceTIMOTHY CAPLICE
ASS. DIRECTOR OF ASSET MANAGEMENT
- Total calculated
- $172,454
- From this org
- $0
- From related orgs
- $125,000
- Other
- $47,454
- Hours/week
- 9.35 + 28.15 related
Schedule J breakdown matched by us
- Base
- $0 + $125,000 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $6,250 related
- Nontaxable benefits
- $0 + $41,204 related
- Filer's total
- $0 + $172,454 related
-
William RiordanWILLIAM RIORDAN
ACCOUNTING MANAGER
- Total calculated
- $172,274
- From this org
- $0
- From related orgs
- $125,000
- Other
- $47,274
- Hours/week
- 9.35 + 28.15 related
Schedule J breakdown matched by us
- Base
- $0 + $125,000 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $6,250 related
- Nontaxable benefits
- $0 + $41,024 related
- Filer's total
- $0 + $172,274 related
-
Vincent PinaVINCENT PINA
DIRECTOR OF HUMAN RESOURCES
- Total calculated
- $126,111
- From this org
- $0
- From related orgs
- $101,363
- Other
- $24,748
- Hours/week
- 9.35 + 28.15 related
-
David SimmonsDAVID SIMMONS
DIRECTOR OF FINANCE & ADMIN (AS OF 11/22)
- Total calculated
- $84,486
- From this org
- $0
- From related orgs
- $64,356
- Other
- $20,130
- Hours/week
- 9.35 + 28.15 related
-
Paul BlackPAUL BLACK
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.62 + 2.13 related
-
Leighton RichardsonLEIGHTON RICHARDSON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.62 + 2.13 related
-
Brian WelchBRIAN WELCH
TREASURER
- Total calculated
- $0
- Hours/week
- 0.62 + 1.88 related
-
Lorraine Payne WheelerLORRAINE PAYNE WHEELER
CLERK
- Total calculated
- $0
- Hours/week
- 0.62 + 1.88 related
-
Phil HillmanPHIL HILLMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.62 + 1.88 related
-
Daryl WrightDARYL WRIGHT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.62 + 2.13 related
-
Mary WalkerMARY WALKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.62 + 1.88 related
-
Eileen KennerEILEEN KENNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.62 + 1.88 related
-
Rosalyn JohnsonROSALYN JOHNSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.62 + 1.88 related
-
An DuongAN DUONG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.62 + 1.88 related
-
Ricky OchiloRICKY OCHILO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.62 + 1.88 related
-
Derrick BellingerDERRICK BELLINGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.62 + 1.88 related
-
Kristen HalbertKRISTEN HALBERT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.62 + 1.88 related
-
Najah WallaceNAJAH WALLACE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.62 + 1.88 related
-
Jose PerezJOSE PEREZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.62 + 1.88 related
-
Keith GreenawayKEITH GREENAWAY
BOARD MEMBER (UNTIL 9/2022)
- Total calculated
- $0
- Hours/week
- 0.62 + 1.88 related
-
Maria AndradeMARIA ANDRADE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.62 + 1.88 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
- THE HUMAN RESOURCE 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.
-
DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION
501(C)(3) · COMMUNITY DEVELOPMENT · MA
-
DORCHESTER BAY NEIGHBORHOOD LOAN FUND INC
501(C)(3) · LENDING SERVICES FOR LOW-INCOME PROJECTS · MA
Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION
-
501(C)(3) · LOW-INCOME HOUSING DEVELOPMENT · MA
Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION
-
BOSTON HOMEOWNER SERVICES COLLABORATIVE INC
501(C)(3) · LENDING SERVICES FOR LOW-INCOME PROJECTS · MA
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.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
150 MAGNOLIA LP
N/A · OWNS 25 UNITS OF RESIDENTIAL REAL PROPERTY · MA
-
BRUNSWICK HOLBORN TWO LP
N/A · OWNS 49 UNITS OF RESIDENTIAL REAL PROPERTY · MA
-
CEYLON FIELD LP
N/A · OWNS 62 UNITS OF RESIDENTIAL REAL PROPERTY · MA
-
COLUMBIA WOOD TWO LP
N/A · OWNS 49 UNITS OF RESIDENTIAL REAL PROPERTY · MA
-
COTTAGE BROOK APARTMENTS LP
N/A · OWNS 147 UNITS OF RESIDENTIAL REAL PROPERTY · MA
-
COTTAGE BROOK HOUSING LP
N/A · RESIDENTIAL REAL ESTATE · MA
-
DB UPHAMS LP
N/A · OWNS 36 UNITS OF RESIDENTIAL REAL PROPERTY · MA
-
DUDLEY TERRACE APARTMENTS LLC
N/A · OWNS 56 UNITS OF RESIDENTIAL REAL PROPERTY · MA
-
DUDLEY VILLAGE NORTH COMMERCIAL LLC
N/A · COMMERCIAL REAL ESTATE · MA
-
DUDLEY VILLAGE NORTH LP
N/A · OWNS 24 UNITS OF RESIDENTIAL REAL PROPERTY · MA
-
DUDLEY VILLAGE SOUTH LP
N/A · OWNS 26 UNITS OF RESIDENTIAL REAL PROPERTY · MA
-
GENEVA APARTMENTS LLC
N/A · RESIDENTIAL REAL ESTATE · MA
-
GLENDALE ASSOCIATES LIMITED PARTNERSHIP
N/A · OWNS 134 UNITS OF RESIDENTIAL PROPERTY IN DORCHESTER · MA
-
PIERCE PROPERTIES LIMITED PARTNERSHIP
N/A · COMMERCIAL REAL ESTATE · MA
-
QUINCY HEIGHTS LP
N/A · RESIDENTIAL REAL ESTATE · MA
-
WILDER GARDENS LP
N/A · OWNS 61 UNITS OF RESIDENTIAL REAL PROPERTY · MA
-
DB PIERCE LLC
N/A · COMMERCIAL REAL ESTATE · MA
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
150 MAGNOLIA CORP
C · PROJECT DEVELOPMENT · MA
-
BRUNSWICK HOLBORN HOUSING INC
C · PROJECT DEVELOPMENT · MA
-
CEYLON FIELD INC
C · PROJECT DEVELOPMENT · MA
-
COLUMBIA WOOD HOUSING INC
C · PROJECT DEVELOPMENT · MA
-
DB COTTAGE BROOK INC
C · PROJECT DEVELOPMENT · MA
-
DB INDUSTRIAL INC
C · PROJECT DEVELOPMENT · MA
-
DB UPHAMS INC
C · PROJECT DEVELOPMENT · MA
-
DBCB HOUSING INC
C · PROJECT DEVELOPMENT · MA
-
DORCHESTER BAY DEVELOPMENT CORPORATION
C · PROJECT DEVELOPMENT · MA
-
DV NORTH HOUSING INC
C · PROJECT DEVELOPMENT · MA
-
DV SOUTH HOUSING INC
C · PROJECT DEVELOPMENT · MA
-
GLENDALE PROPERTIES INC
C · PROJECT DEVELOPMENT · MA
-
QHI HOUSING INC
C · PROJECT DEVELOPMENT · MA
-
SISTER CLARA MUHAMMED COOPERATIVE CORP
C · PROJECT DEVELOPMENT · MA
-
WILDER GARDENS INC
C · PROJECT DEVELOPMENT · MA
-
LEYLAND SENIOR HOUSING MANAGER LLC
C · PROJECT DEVELOPMENT · MA
-
DB PIERCE MM LLC
C · PROJECT DEVELOPMENT · MA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333199349307153
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