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BCLF VENTURES INC

EIN 04-3246552 BOSTON, MA

Browse the largest nonprofits in Massachusetts

Revenue 2024
$6,374,260
Expenses 2024
$5,371,352

Program services were 84.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
L82
Classification
1000
Street
1785 COLUMBUS AVENUE 6TH FLOOR

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

4 other organizations in the IRS Business Master File list the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Mission

COMMUNITY VENTURE CAPITAL

  • THE ORGANIZATION MANAGES EQUITY INVESTMENT FUNDS WHICH INVEST IN BOTH EMERGING AND EXISTING BUSINESSES THAT CREATE JOBS OR PROVIDE SERVICES FOR LOW-INCOME COMMUNITIES.

    Expenses $181,448 · Revenue $5,216,439

  • THE ORGANIZATION'S DISREGARDED ENTITY, AURA MORTGAGE ADVISORS, ACTS AS A MORTGAGE BROKER/LENDER FOR LOW-INCOME PEOPLE AND COMMUNITIES.

    Expenses $4,331,288 · Revenue $25,807

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Elyse Cherry

    CEO & EX-OFFICIO BOARD MEMBER

    Total calculated
    $1,212,119
    From this org
    $387,215
    From related orgs
    $580,822
    Other
    $244,082
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $190,257 + $285,386 related
    Bonus
    $128,000 + $192,000 related
    Other
    $68,958 + $103,436 related
    Deferred
    $81,206 + $151,994 related
    Nontaxable benefits
    $4,353 + $6,529 related
    Filer's total
    $472,774 + $739,345 related
  • Karen Kelleher

    PRES. LOAN FUND & EX-OFFICIO BOARD MEM.

    Total calculated
    $343,483
    From this org
    $0
    From related orgs
    $305,695
    Other
    $37,788
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,695 related
    Bonus
    $0 + $30,000 related
    Other
    $0
    Deferred
    $0 + $18,540 related
    Nontaxable benefits
    $0 + $19,248 related
    Filer's total
    $0 + $343,483 related
  • Charles Clark

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Reese Fayde

    VICE CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Sarah C Lincoln

    TREASURER OF THE BOARD

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Reverend James Walsh Sj

    CLERK OF THE BOARD

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Edward Dugger III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Julie Gould

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Maria Maffei

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Mercedes Tompkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Victor R Rivera

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Lisa Zappala

    EVP, CFO (UNTIL 9/2024)

    Total calculated
    $514,083
    From this org
    $86,443
    From related orgs
    $345,776
    Other
    $81,864
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $55,769 + $223,078 related
    Bonus
    $16,000 + $64,000 related
    Other
    $14,674 + $58,698 related
    Deferred
    $13,550 + $42,568 related
    Nontaxable benefits
    $5,149 + $20,597 related
    Filer's total
    $105,142 + $408,941 related
  • Dewitt Jones

    PRESIDENT, BLUEHUB ENERGY

    Total calculated
    $349,981
    From this org
    $0
    From related orgs
    $250,215
    Other
    $99,766
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $79,752 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $70,463 related
    Deferred
    $9,826 + $39,956 related
    Nontaxable benefits
    $0 + $49,984 related
    Filer's total
    $9,826 + $340,155 related
  • Jacquelyn Barry Hamilton

    CFO (AS OF 9/2024)

    Total calculated
    $95,286
    From this org
    $0
    From related orgs
    $85,077
    Other
    $10,209
    Hours/week
    0 + 40 related
  • Brenda Loya

    CHIEF OPERATING OFFICER

    Total calculated
    $313,181
    From this org
    $0
    From related orgs
    $271,892
    Other
    $41,289
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,892 related
    Bonus
    $0 + $25,000 related
    Other
    $0
    Deferred
    $0 + $16,235 related
    Nontaxable benefits
    $0 + $25,054 related
    Filer's total
    $0 + $313,181 related
  • Michael Nilles

    SVP,COMMERCIAL LENDING, TEAM LEADER

    Total calculated
    $308,290
    From this org
    $0
    From related orgs
    $269,026
    Other
    $39,264
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $229,026 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0 + $14,898 related
    Nontaxable benefits
    $0 + $24,366 related
    Filer's total
    $0 + $308,290 related
  • Lubna Elia

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $282,640
    From this org
    $0
    From related orgs
    $265,600
    Other
    $17,040
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,600 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0 + $15,216 related
    Nontaxable benefits
    $0 + $1,824 related
    Filer's total
    $0 + $282,640 related
  • E Matthew Gautieri

    SVP, CONTROLLER

    Total calculated
    $296,333
    From this org
    $35,630
    From related orgs
    $201,904
    Other
    $58,799
    Hours/week
    6 + 34 related

    Schedule J breakdown matched by us

    Base
    $32,330 + $183,204 related
    Bonus
    $3,300 + $18,700 related
    Other
    $0
    Deferred
    $2,242 + $12,704 related
    Nontaxable benefits
    $6,578 + $37,275 related
    Filer's total
    $44,450 + $251,883 related
  • Arunabha Chakravarty

    SVP, PORTFOLIO MANAGEMENT

    Total calculated
    $254,459
    From this org
    $0
    From related orgs
    $223,208
    Other
    $31,251
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,208 related
    Bonus
    $0 + $25,000 related
    Other
    $0
    Deferred
    $0 + $12,792 related
    Nontaxable benefits
    $0 + $18,459 related
    Filer's total
    $0 + $254,459 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $6,374,260
    Expenses
    $5,371,352
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $5,841,242
    Expenses
    $5,315,539
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $7,927,140
    Expenses
    $5,502,240
    Contributions
    $1,826,265
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2024 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2023 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2022 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2021 · 990

    Revenue
    $7,116,147
    Expenses
    $5,999,892
    Assets (EOY)
    $104,642,516
  • 2021 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2020 · 990

    Revenue
    $9,107,552
    Expenses
    $6,189,196
    Assets (EOY)
    $107,589,450
  • 2020 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2019 · 990

    Revenue
    $9,250,974
    Expenses
    $6,966,564
    Assets (EOY)
    $107,082,477
  • 2018 · 990

    Revenue
    $9,189,869
    Expenses
    $6,504,991
    Assets (EOY)
    $96,966,833
  • 2017 · 990

    Revenue
    $8,374,237
    Expenses
    $5,545,548
    Assets (EOY)
    $92,616,996

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2024 return

  • AURA MORTGAGE ADVISORS LLC

    MORTGAGE BROKER/LENDER FOR LOW-INCOME PEOPLE & COMMUNITIES · MA · income $4,465,718 · assets $80,011,305

  • AURA DIRECT FINANCING LLC

    MORTGAGE BROKER/LENDER FOR LOW-INCOME PEOPLE & COMMUNITIES · MA · income $0 · assets $0

Related partnerships on its 2024 return

  • BCLF VENTURES II LLC

    RELATED · TO MAKE INVESTMENTS IN BUSINESS THAT BENEFIT LOW-INCOME PEOPLE AND COMM. · MA · 10% owned · share of income $6,775 · share of assets $191,774 · general or managing partner

  • SUN INITIATIVE FINANCING LLC

    TO FINANCE THE OPERATIONS OF THE STABILIZING URBAN NEIGHBORHOODS INITIATIVE · MA · general or managing partner

  • BCC SOLAR III LLC

    TO FACILITATE THE DELIVERY OF SOLAR ENERGY TO AFFORDABLE HOUSING PROJECTS · DE

  • BCC NMTC CDE XXIV LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

  • BCC NMTC CDE XXVI LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

  • BCC NMTC CDE XXVIII LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

  • BCC NMTC CDE XXIX LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

  • BCC NMTC CDE XXXI LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

  • BCC NMTC CDE XXXII LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

  • BCC NMTC CDE XXXIII LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

  • BCC NMTC CDE XXXIV LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

  • BCC NMTC CDE XXX LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

Related corporations and trusts on its 2024 return

  • BCC SOLAR ENERGY ADVANTAGE INC

    C · TO FACILITATE THE DELIVERY OF SOLAR ENERGY TO AFFORDABLE HOUSING PROJECTS · MA

  • BCC NMTC CDE XXV LLC

    C · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

  • BCC NMTC CDE XXVII LLC

    C · TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.