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BLUEHUB CAPITAL INC

EIN 04-3246555 BOSTON, MA

Browse the largest nonprofits in Massachusetts

Revenue 2024
$2,366,821
Expenses 2024
$1,305,735

Program services were 77.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
L81
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

TO PROVIDE BELOW MARKET RATE CAPITAL TO COMMUNITY BASED ORGANIZATIONS FOR DEVELOPMENT OF AFFORDABLE HOUSING AND TO PROVIDE BROADER COMMUNITY LENDING THAT DIRECTLY OR INDIRECTLY BENEFITS LOW INCOME OR DISADVANTAGED PEOPLE OR COMMUNITIES.

  • BLUEHUB CAPITAL WAS FORMED AS A HOLDING COMPANY THAT OVERSEES ADMINISTRATION, FINANCE, HUMAN RESOURCES, AND INVESTOR RELATIONS FOR THE ORGANIZATION AND ITS AFFILIATES. THE HOLDING COMPANY HAS ACTED AS DEVELOPER FOR ALL SOLAR ENERGY PROJECTS OWNED AND OPERATED TO DATE BY SOLAR ENERGY ADVANTAGE, INC., A CORPORATION WHICH IT OWNS 100% (SEE SCHEDULE R) AND HAS EARNED DEVELOPER FEES FOR THESE SERVICES. THESE DEVELOPER FEES FOR ALL FUTURE PROJECTS ARE NOW EARNED BY SOLAR ENERGY ADVANTAGE INC. DIRECTLY AND WILL NO LONGER BE INCLUDED ON SCHEDULE R.

    Expenses $482,943 · Revenue $1,100,121

  • NSP RESIDENTIAL, LLC (NSP) WAS FORMED TO COMBAT COMMUNITY DETERIORATION AND IMPROVE GENERAL CONDITIONS WHERE LOW-INCOME PEOPLE LIVE AND WORK. NSP PURCHASES RESIDENTIAL PROPERTIES AND REHABILITATES THEM TO RENT OR SELL TO LOW-INCOME INDIVIDUALS.

    Expenses $534,872 · Revenue $790,622

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
    $242,010
    From related orgs
    $726,027
    Other
    $244,082
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $118,911 + $356,732 related
    Bonus
    $80,000 + $240,000 related
    Other
    $43,099 + $129,295 related
    Deferred
    $39,063 + $194,137 related
    Nontaxable benefits
    $2,720 + $8,162 related
    Filer's total
    $283,793 + $928,326 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
    $194,499
    From related orgs
    $237,720
    Other
    $81,864
    Hours/week
    18 + 22 related

    Schedule J breakdown matched by us

    Base
    $125,481 + $153,366 related
    Bonus
    $36,000 + $44,000 related
    Other
    $33,018 + $40,354 related
    Deferred
    $14,866 + $41,252 related
    Nontaxable benefits
    $11,586 + $14,160 related
    Filer's total
    $220,951 + $293,132 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
    $6,488 + $43,294 related
    Nontaxable benefits
    $0 + $49,984 related
    Filer's total
    $6,488 + $343,493 related
  • Jacquelyn Barry Hamilton

    CFO (AS OF 9/2024)

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

    CHIEF OPERATING OFFICER

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

    Schedule J breakdown matched by us

    Base
    $246,892
    Bonus
    $25,000
    Other
    $0
    Deferred
    $16,235
    Nontaxable benefits
    $25,054
    Filer's total
    $313,181
  • 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
    $265,600
    From related orgs
    $0
    Other
    $17,040
    Hours/week
    40

    Schedule J breakdown matched by us

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

    SVP, CONTROLLER

    Total calculated
    $296,333
    From this org
    $118,767
    From related orgs
    $118,767
    Other
    $58,799
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $107,767 + $107,767 related
    Bonus
    $11,000 + $11,000 related
    Other
    $0
    Deferred
    $7,473 + $7,473 related
    Nontaxable benefits
    $21,926 + $21,927 related
    Filer's total
    $148,166 + $148,167 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
    $2,366,821
    Expenses
    $1,305,735
    Contributions
    $108,031
    Grants paid
    $0
  • 2023
    Revenue
    $753,928
    Expenses
    $3,462,632
    Contributions
    $619
    Grants paid
    $0
  • 2022
    Revenue
    $3,014,300
    Expenses
    $3,285,025
    Contributions
    $1,110,623
    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
    $2,089,518
    Expenses
    $2,219,315
    Assets (EOY)
    $18,553,228
  • 2021 · 990-T

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

    Revenue
    $2,123,064
    Expenses
    $2,061,875
    Assets (EOY)
    $21,969,549
  • 2020 · 990-T

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

    Revenue
    $3,324,736
    Expenses
    $1,042,488
    Assets (EOY)
    $20,026,527
  • 2018 · 990

    Revenue
    $2,405,042
    Expenses
    $1,708,331
    Assets (EOY)
    $18,551,113
  • 2016 · 990

    Revenue
    $3,183,559
    Expenses
    $2,673,966
    Assets (EOY)
    $34,630,708

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

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

  • NSP RESIDENTIAL LLC

    TO COMBAT COMMUNITY DETERIORATION IN LOW-INCOME AREAS. · MA · income $1,068,866 · assets $6,298,988

  • BCC SEA INVESTMENT FUND MANAGER LLC

    TO COMBAT COMMUNITY DETERIORATION IN LOW-INCOME AREAS. · MA · income $0 · assets $0

Related partnerships on its 2024 return

  • BCLF VENTURES II LLC

    TO MAKE INVESTMENTS IN BUSINESS THAT BENEFIT LOW-INCOME PEOPLE AND COMM. · MA

  • SUN INITIATIVE FINANCING LLC

    RELATED · TO FINANCE THE OPERATIONS OF THE STABILIZING URBAN NEIGHBORHOODS INITIATIVE · MA · 50% owned · share of income $106,802 · share of assets $15,419,428 · general or managing partner

  • BCC NMTC CDE XXIV 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 XXVI LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

  • BCC NMTC CDE XXX LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

  • BCC NMTC CDE XXXV LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

  • BCC NMTC CDE XXXVI LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

  • BCC NMTC CDE XXXVII LLC

    TO SYNDICATE ALLOCATION OF NEW MARKET TAX CREDITS · MA

  • BCC NMTC CDE XXXVIII 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 · 100% owned · share of income $704,201 · share of assets $6,564,343 · controlled entity

  • BCC NMTC CDE XXV LLC

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

  • BCC NMTC CDE XXVII LLC

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