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Nonprofiteer
← DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$7,247,140
Total expenses
$7,674,271
Contributions and grants received
$1,681,922
Grants paid
$209,990
Program service revenue
$4,955,007
Investment income
$305,694
Other revenue
$304,517
Total assets, end of year
$55,147,532
Total liabilities, end of year
$29,530,640
Net assets or fund balances, end of year
$25,616,892
Program services expenses (Part IX)
$5,357,801
Management and general expenses
$1,486,336
Fundraising expenses
$830,134
Program service expenses (Part III)
$5,357,801

Program services were 69.8% 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.

  • 1d · Related organizations

    $622,178

  • 1e · Government grants (contributions)

    $581,720

  • 1f · All other contributions, gifts and grants

    $478,024

  • 2a · Program service revenue: RESIDENT SERVICE FEES

    total $3,097,332 · related or exempt $3,097,332

  • 2b · Program service revenue: RENTAL INCOME

    total $906,623 · related or exempt $906,623

  • 2c · Program service revenue: INTEREST INCOME ON NOTES RECEIVAB

    total $756,052 · related or exempt $756,052

  • 2d · Program service revenue: PROJECT FEES

    total $195,000 · related or exempt $195,000

  • 3 · Investment income

    total $305,694 · excluded $305,694

  • 6a · Gross rents

    real property $424,649

  • 6b · Less rental expenses

    real property $595,132

  • 6c · Rental income or loss

    real property -$170,483

  • 6d · Net rental income or loss

    total -$170,483 · related or exempt -$124,680 · unrelated business -$45,803

  • 11a · Other revenue: MISCELLANEOUS

    total $475,000 · related or exempt $475,000

  • 11e · Other revenue, total

    $475,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $209,990 · program services $209,990

  • 5 · Compensation of officers, directors and key employees

    total $433,178 · program services $160,275 · management and general $244,431 · fundraising $28,472

  • 7 · Other salaries and wages

    total $1,570,730 · program services $504,204 · management and general $669,505 · fundraising $397,021

  • 8 · Pension plan contributions

    total $139,564 · program services $28,287 · management and general $93,058 · fundraising $18,219

  • 9 · Other employee benefits

    total $144,538 · program services $23,688 · management and general $99,262 · fundraising $21,588

  • 10 · Payroll taxes

    total $309,432 · program services $53,806 · management and general $209,954 · fundraising $45,672

  • 11a · Fees: management

    total $105,294 · program services $105,294

  • 11b · Fees: legal

    total $90,197 · program services $29,901 · management and general $60,296

  • 11c · Fees: accounting

    total $121,139 · program services $8,300 · management and general $112,839

  • 11g · Fees: other

    total $681,855 · program services $98,127 · management and general $525,327 · fundraising $58,401

  • 13 · Office expenses

    total $362,028 · program services $160,116 · management and general $191,544 · fundraising $10,368

  • 16 · Occupancy

    total $1,647,667 · program services $1,302,298 · management and general $135,088 · fundraising $210,281

  • 19 · Conferences, conventions and meetings

    total $1,259 · program services $1,259

  • 21 · Payments to affiliates

    total $2,070,218 · program services $2,070,218

  • 22 · Depreciation, depletion and amortization

    total $126,532 · program services $67,284 · management and general $59,248

  • 24a · Other expenses: TENANT ASSISTANCE AND O

    total $269,375 · program services $269,375

  • 24b · Other expenses: MISCELLANEOUS

    total $134,512 · program services $94,400 · fundraising $40,112

  • 24c · Other expenses: TENANT SERVICES

    total $112,373 · program services $112,373

  • 24d · Other expenses: PROGRAM COSTS

    total $25,267 · program services $25,267

  • 24e · All other expenses

    total -$880,877 · program services $33,339 · management and general -$914,216

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,417,276 · end of year $4,486,721

  • 2 · Savings and temporary cash investments

    beginning of year $5,016,733 · end of year $18,403

  • 3 · Pledges and grants receivable

    beginning of year $721,059 · end of year $158,041

  • 4 · Accounts receivable

    beginning of year $370,168 · end of year $1,285,739

  • 9 · Prepaid expenses and deferred charges

    beginning of year $79,291 · end of year $954,453

  • 10a · Land, buildings and equipment: cost or other basis

    $14,834,718

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,028,877

  • 10c · Land, buildings and equipment, net

    beginning of year $13,030,257 · end of year $12,805,841

  • 11 · Investments: publicly traded securities

    end of year $8,837,446

  • 13 · Investments: program-related

    beginning of year $9,313,116 · end of year $9,939,099

  • 15 · Other assets

    beginning of year $16,997,858 · end of year $16,661,789

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,383,421 · end of year $2,141,951

  • 19 · Deferred revenue

    beginning of year $215,372 · end of year $690,829

  • 21 · Escrow or custodial account liability

    beginning of year $22,650 · end of year $22,776

  • 23 · Secured mortgages and notes payable

    beginning of year $15,622,038 · end of year $14,821,759

  • 25 · Other liabilities

    beginning of year $11,407,825 · end of year $11,853,325

  • 27 · Net assets without donor restrictions

    beginning of year $22,928,524 · end of year $25,361,082

  • 28 · Net assets with donor restrictions

    beginning of year $1,365,928 · end of year $255,810

Mission and programs · 2024

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.

Activities or mission (Part I)

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.

  • COMMUNITY SERVICES:OUR COMMUNITY SERVICES INCLUDE TENANT ORGANIZING WHICH BRINGS TOGETHER ACTIVE TENANTS TO PROMOTE LEADERSHIP AND TACKLE CRITICAL ISSUES. WITHIN OUR ORGANIZING EFFORTS, PROGRAMS ENGAGE YOUTH IN EDUCATION, RECREATION, ORGANIZING, LEADERSHIP AND COMMUNITY SERVICES. OUR SENIOR PROGRAM IS DESIGNED TO ENHANCE THE WELL-BEING, INDEPENDENCE, AND QUALITY OF LIFE OF SENIOR CITIZENS THROUGH A RANGE OF SUPPORTIVE SERVICES AND ACTIVITIES. IT PROVIDES SOCIAL, RECREATIONAL, EDUCATIONAL, AND HEALTH-RELATED RESOURCES TO MEET THE DIVERSE NEEDS OF OLDER ADULTS. OUR WORKFORCE DEVELOPMENT DEPARTMENT PROVIDES JOB READINESS SERVICES, INCLUDING CAREER COACHING, RESUME ASSISTANCE, INTERVIEW PREP, AND JOB PLACEMENT, WITH A FOCUS ON HIGH-GROWTH SECTORS LIKE GREEN JOBS, HEALTHCARE, AND LIFE SCIENCES. THROUGH TARGETED WORKSHOPS AND COMMUNITY PARTNERSHIPS, WE HELP PARTICIPANTS GAIN IN-DEMAND SKILLS AND CONNECT TO QUALITY EMPLOYMENT OPPORTUNITIES.

    Expenses $831,344 · Revenue $548,805

  • PROJECT 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 2021, WE COMPLETED CONSTRUCTION ON INDIGO BLOCK, WHICH TRANSFORMED A BLIGHTED PROPERTY INTO 9 HOMEOWNERSHIP CONDO UNITS, 80 INCOME-RESTRICTED APARTMENTS, APPROX. 23,000 S.F. OF COMMERCIAL SPACE, AND A PLAYGROUND; THE PROJECT ALSO INCLUDED IMPROVEMENTS TO THE SURROUNDING PUBLIC INFRASTRUCTURE. IN 2022, WE COMPLETED THE HISTORIC REHABILITATION OF THE PIERCE BUILDING, WHICH PRESENTLY HOUSES SEVERAL COMMUNITY NONPROFITS. IN 2024, WE COMPLETED CONSTRUCTION ON 9 LEYLAND, WHICH CONVERTED AN EMPTY LOT INTO 43 NEW UNITS OF AFFORDABLE SENIOR HOUSING.

    Expenses $3,700,952 · Grants $209,990 · Revenue $2,577,571

  • LOAN PROGRAMS:LOAN PROGRAMS 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 $250,000 (BOTH DB CAPITAL AND SBA LOANS). DBEDC'S TWO-PRONGED STRATEGIES OF DEVELOPING COMMERCIAL REAL ESTATE AND LENDING TO BUSINESSES REINFORCE EACH OTHER BY CREATING PHYSICAL SPACES FOR BUSINESS AND STRENGTHENING INTERNAL BUSINESS CAPACITY. COMMERCIAL REVITALIZATION IS GIVING NEW LIFE TO THE COMMERCIAL DISTRICTS IN OUR AREA. WE HAVE COMPLETED LOANS TO A WIDE ARRAY OF DIFFERENT TYPES OF BUSINESSES.

    Expenses $643,973

  • ASSET 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. AT LEAST 1.1 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. ALL PROPERTIES MET THE DEBT SERVICE REQUIREMENTS.

    Expenses $181,532 · Revenue $2,178,951

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Paul Black

    PRESIDENT (UNTIL 4/2024)

    Total calculated
    $0
    Hours/week
    0.63 + 2.12 related

  • Leighton Richardson

    VICE PRESIDENT(UNTIL 4/24)/PRESIDENT

    Total calculated
    $0
    Hours/week
    0.63 + 2.12 related

  • Najah Wallace

    VICE PRESIDENT (AS OF 4/2024)

    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

  • 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 4/2024)

    Total calculated
    $0
    Hours/week
    0.63 + 1.87 related

  • Kimberly Lyle

    CHIEF EXECUTIVE OFFICER

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

    Schedule J breakdown matched by us

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

  • Sharat Anant Somashekara

    DIRECTOR OF FINANCE

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

  • Susan Chu

    DIRECTOR OF REAL ESTATE DEVELOPMENT

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

    Schedule J breakdown matched by us

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

  • Shermaine Thompson

    ASSOCIATE DIRECTOR OF ACCOUNTING

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

    Schedule J breakdown matched by us

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

  • William Riordan

    ACCOUNTING MANAGER

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

    Schedule J breakdown matched by us

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

  • Brenda Guerra Segura

    CREDIT OFFICER / PORTFOLIO MANAGER

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

    Schedule J breakdown matched by us

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

  • Samariah Batts-Speller

    DIRECTOR OF PEOPLE & CULTURE

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

    Schedule J breakdown matched by us

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

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 $458,671 · assets $4,241,388

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

  • DB COMMERCIAL INC

    COMMERCIAL DEVELOPMENT · MA

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

  • DUDLEY TERRACE LP

    RESIDENTIAL DEVELOPMENT · MA

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

  • INDIGO APARTMENTS LANDOWNER LLC

    REAL ESTATE DEVELOPMENT · MA · income $125,242 · assets $8,471,710

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

  • INDIGO MASTER TENANT LLC

    MASTER TENANT · MA · income $734,190 · assets $10,425,222

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

  • DBEDC GLENDALE PROPERTIES LLC

    REAL ESTATE DEVELOPMENT · MA

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

  • DBEDC WILDER GARDENS LLC

    REAL ESTATE DEVELOPMENT · MA

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

  • DUDLEY TERRACE APARTMENTS LLC

    REAL ESTATE DEVELOPMENT · MA

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

Related partnerships

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

  • 150 MAGNOLIA LP

    RELATED · RESIDENTIAL REAL ESTATE · MA · 99.99% owned · share of income -$400,022 · share of assets $2,981,166

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORP

  • BRUNSWICK HOLBORN TWO LP

    N/A · RESIDENTIAL REAL ESTATE · MA

  • CEYLON FIELD LP

    RELATED · RESIDENTIAL REAL ESTATE · MA · 99.99% owned · share of income $483,936 · share of assets $4,465,554

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORP

  • COLUMBIA WOOD TWO LP

    N/A · RESIDENTIAL REAL ESTATE · MA

  • COTTAGE BROOK APARTMENTS LP

    N/A · RESIDENTIAL REAL ESTATE · MA

  • COTTAGE BROOK HOUSING LP

    RELATED · RESIDENTIAL REAL ESTATE · MA · 99% owned · share of income $1,844,015 · share of assets $5,282,390

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORP

  • DB UPHAMS LP

    RELATED · RESIDENTIAL REAL ESTATE · MA · 99% owned · share of income $217,690 · share of assets $3,749,645

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORP

  • DUDLEY VILLAGE NORTH COMMERCIAL LLC

    RELATED · COMMERCIAL REAL ESTATE · MA · 51% owned · share of income $60,053 · share of assets $1,047,897 · general or managing partner

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORP

  • DUDLEY VILLAGE NORTH LP

    N/A · RESIDENTIAL REAL ESTATE · MA · 99.99% owned · share of income -$525,241 · share of assets $5,005,099

  • DUDLEY VILLAGE SOUTH LP

    N/A · RESIDENTIAL REAL ESTATE · MA

  • GENEVA APARTMENTS LLC

    N/A · RESIDENTIAL REAL ESTATE · MA

  • GLENDALE ASSOCIATES LIMITED PARTNERSHIP

    N/A · RESIDENTIAL REAL ESTATE · MA

  • QUINCY HEIGHTS LIMITED PARTNERSHIP

    N/A · RESIDENTIAL REAL ESTATE · MA

  • WILDER GARDENS LP

    RELATED · RESIDENTIAL REAL ESTATE · MA · 99% owned · share of income $459,865 · share of assets $5,694,868

    Directly controlled by DORCHESTER BAY ECONOMIC DEVELOPMENT CORP

  • DB PIERCE LLC

    N/A · RESIDENTIAL REAL ESTATE · MA

  • INDIGO APARTMENTS MM LLC

    N/A · RESIDENTIAL REAL ESTATE · MA

Related corporations and trusts

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

  • 150 MAGNOLIA CORP

    C · PROJECT DEVELOPMENT · MA · 100% owned · share of income -$2,296 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • BRUNSWICK HOLBORN HOUSING INC

    C · PROJECT DEVELOPMENT · MA · 51% owned · share of income -$821 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • CEYLON FIELD INC

    C · PROJECT DEVELOPMENT · MA · 79% owned · share of income -$1,262 · share of assets $144,004 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • COLUMBIA WOOD HOUSING INC

    C · PROJECT DEVELOPMENT · MA · 51% owned · share of income -$865 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • DB COTTAGE BROOK INC

    C · PROJECT DEVELOPMENT · MA · 55% owned · share of income -$864 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • DB INDUSTRIAL INC

    C · PROJECT DEVELOPMENT · MA · 100% owned · share of income -$2,156 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • DB UPHAMS INC

    C · PROJECT DEVELOPMENT · MA · 79% owned · share of income -$988 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • DBCB HOUSING INC

    C · PROJECT DEVELOPMENT · MA · 100% owned · share of income -$1,972 · share of assets $112,400 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • DORCHESTER BAY DEVELOPMENT CORPORATION

    C · PROJECT DEVELOPMENT · MA · 100% owned · share of income -$2,156 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • DV NORTH HOUSING INC

    C · PROJECT DEVELOPMENT · MA · 79% owned · share of income -$1,764 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • DV SOUTH HOUSING INC

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

    Directly controlled by DORCHESTER BAY EDC

  • GLENDALE PROPERTIES INC

    C · PROJECT DEVELOPMENT · MA · 100% owned · share of income -$2,377 · share of assets $15,690 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • LEYLAND SENIOR HOUSING MANAGER LLC

    C · PROJECT DEVELOPMENT · MA · 100% owned · share of income -$1,955 · share of assets -$130 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • QHI HOUSING INC

    C · PROJECT DEVELOPMENT · MA · 51% owned · share of income -$748 · share of assets -$2,116,833 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • WILDER GARDENS INC

    C · PROJECT DEVELOPMENT · MA · 100% owned · share of income -$2,651 · share of assets $46,974 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • INDIGO BLOCKER LLC

    C · PROJECT DEVELOPMENT · MA · 79% owned · share of income -$1,734 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • DB PIERCE MM LLC

    C · PROJECT DEVELOPMENT · MA · 100% owned · share of income -$3,527 · controlled entity

    Directly controlled by DORCHESTER BAY EDC

  • DB DUDLEY TERRACE MM LLC

    C · PROJECT DEVELOPMENT · MA · 50% owned · share of income -$789

Provenance

Return type
form_990
Tax year
2024
Filed
21 October 2025
IRS schema version
2024v5.2
Source object
202512979349301131

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