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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.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$7.2M
Program Spending
70%
of total expenses go to program services
Total Contributions
$1.7M
Total Expenses
▼$7.7M
Total Assets
$55.1M
Total Liabilities
▼$29.5M
Net Assets
$25.6M
Officer Compensation
→$433.2K
Other Salaries
$1.6M
Investment Income
$305.7K
Fundraising
▼N/A
Tax Year 2024 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $20K
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
SOUTHWEST BOSTON COMMUNITY DEVELOPMENT CORPORATION | HYDE PARK, MA | $10K | Cash | WORKFORCE DEVELOPMENT |
CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION | DORCHESTER, MA | $10K | Cash | WORKFORCE DEVELOPMENT |
| Total | $20K | |||
SOUTHWEST BOSTON COMMUNITY DEVELOPMENT CORPORATION
HYDE PARK, MA
$10K
CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION
DORCHESTER, MA
$10K
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$2M
Awards Found
6
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of Health and Human Services | COMMUNITY ECONOMIC DEVELOPMENT (CED) PROGRAM | $788.7K | FY2012 | Sep 2012 – Sep 2017 | Open → |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $500K | — | — – — | Open → |
| Department of Commerce | FOOD INCUBATOR | $387.5K | FY2015 | Apr 2015 – Oct 2016 | Open → |
| Environmental Protection Agency | THIS ASSISTANCE AGREEMENT WILL PROVIDE FUNDING TO DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION TO CLEANUP A BROWNFIELDS SITE IN DORCHESTER, MA. B | $200K | FY2008 | Oct 2007 – Sep 2010 | Open → |
| Small Business Administration | MICROLOAN PROGRAM | $71.7K | FY2010 | Jan 2010 – Dec 2010 | Open → |
| Environmental Protection Agency | THE DORCESTER BAY ECONOMIC DEVELOPMENT CORPORATION (DBEDC) WILL EXPAND ITS FAIRMOUNT CORRIDOR LIVING ROOF PILOT TO INCLUDE THE INSTALLATION OF ADDITI | $25K | FY2015 | Jan 2015 – Dec 2016 | Open → |
Department of Health and Human Services
$788.7K
COMMUNITY ECONOMIC DEVELOPMENT (CED) PROGRAM
Environmental Protection Agency
$200K
THIS ASSISTANCE AGREEMENT WILL PROVIDE FUNDING TO DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION TO CLEANUP A BROWNFIELDS SITE IN DORCHESTER, MA. B
Environmental Protection Agency
$25K
THE DORCESTER BAY ECONOMIC DEVELOPMENT CORPORATION (DBEDC) WILL EXPAND ITS FAIRMOUNT CORRIDOR LIVING ROOF PILOT TO INCLUDE THE INSTALLATION OF ADDITI
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
9
Clean Audits
9
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Clean | Unmodified (Clean) | $1.6M | No | 2025-08-06 |
| 2023 | Clean | Unmodified (Clean) | $1.2M | No | 2024-08-08 |
| 2022 | Clean | Unmodified (Clean) | $4.8M | Yes | 2023-08-29 |
| 2021 | Clean | Unmodified (Clean) | $5.4M | Yes | 2022-09-29 |
| 2020 | Clean | Unmodified (Clean) | $4.9M | Yes | 2021-08-16 |
| 2019 | Clean | Unmodified (Clean) | $4.7M | Yes | 2020-09-24 |
| 2018 | Clean | Unmodified (Clean) | $4.8M | Yes | 2019-07-11 |
| 2017 | Clean | Unmodified (Clean) | $4.7M | No | 2018-07-08 |
| 2016 | Clean | Unmodified (Clean) | $5.1M | No | 2017-07-24 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.1M
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $7.2M | $1.7M | $7.7M | $55.1M | $25.6M |
| 2023IRS e-File | $12.6M | $2.1M | $8.2M | $53.9M | $24.3M |
| 2022 | $10.2M | $3.5M | $8.1M | $62.8M | $23.2M |
| 2021 | $16.3M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Kimberly Lyle | Chief Executive Officer | 9.4 | $240.8K | $0 | $44K | $284.7K |
| Sharat Anant Somashekara | Director Of Finance | 9.4 | $122.4K | $0 | $26K | $148.5K |
| Paul Black | President (until 4/2024) | 0.6 | $0 | $0 | $0 | $0 |
| Leighton Richardson | Vice President(until 4/24)/president | 0.6 | $0 | $0 | $0 | $0 |
| Najah Wallace | Vice President (as Of 4/2024) | 0.6 | $0 | $0 | $0 | $0 |
| Brian Welch | Treasurer | 0.6 | $0 | $0 | $0 | $0 |
| Lorraine Payne Wheeler | Clerk | 0.6 | $0 | $0 | $0 | $0 |
Kimberly Lyle
Chief Executive Officer
$284.7K
Hrs/Wk
9.4
Compensation
$240.8K
Related Orgs
$0
Other
$44K
Sharat Anant Somashekara
Director Of Finance
$148.5K
Hrs/Wk
9.4
Compensation
$122.4K
Related Orgs
$0
Other
$26K
Paul Black
President (until 4/2024)
$0
Hrs/Wk
0.6
Compensation
$0
Related Orgs
$0
Other
$0
Leighton Richardson
Vice President(until 4/24)/president
$0
Hrs/Wk
0.6
Compensation
$0
Related Orgs
$0
Other
$0
Najah Wallace
Vice President (as Of 4/2024)
$0
Hrs/Wk
0.6
Compensation
$0
Related Orgs
$0
Other
$0
Brian Welch
Treasurer
$0
Hrs/Wk
0.6
Compensation
$0
Related Orgs
$0
Other
$0
Lorraine Payne Wheeler
Clerk
$0
Hrs/Wk
0.6
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Susan Chu | Director Of Real Estate Development | 9.4 | $181K | $0 | $37.5K | $218.5K |
| Samariah Batts-Speller | Director Of People & Culture | 9.4 | $166K | $0 | $28.1K | $194.1K |
| William Riordan | Accounting Manager | 9.4 | $133.7K |
Susan Chu
Director Of Real Estate Development
$218.5K
Hrs/Wk
9.4
Compensation
$181K
Related Orgs
$0
Other
$37.5K
Samariah Batts-Speller
Director Of People & Culture
$194.1K
Hrs/Wk
9.4
Compensation
$166K
Related Orgs
$0
Other
$28.1K
William Riordan
Accounting Manager
$186.8K
Hrs/Wk
9.4
Compensation
$133.7K
Related Orgs
$0
Other
$53.1K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| An Duong | Board Member | 0.6 | $0 | $0 | $0 | $0 |
| Angela Yarde | Board Member | 0.6 | $0 | $0 | $0 | $0 |
| Damaris Amachree | Board Member | 0.6 | $0 | $0 | $0 | $0 |
| Derrick Bellinger | Board Member (until 4/2024) | 0.6 | $0 | $0 | $0 | $0 |
| Eileen Kenner | Board Member | 0.6 | $0 | $0 | $0 | $0 |
| Kristen Halbert | Board Member |
An Duong
Board Member
$0
Hrs/Wk
0.6
Compensation
$0
Related Orgs
$0
Other
$0
Angela Yarde
Board Member
$0
Hrs/Wk
0.6
Compensation
$0
Related Orgs
$0
Other
$0
Damaris Amachree
Board Member
$0
Hrs/Wk
0.6
Compensation
$0
Related Orgs
$0
Other
$0
| $7.4M |
| $6.6M |
| $50.1M |
| $25.4M |
| 2020 | $8.9M | $1.2M | $7.2M | $60.1M | $17.3M |
| 2019 | $12M | $6.6M | $5.4M | $43.1M | $12.6M |
| 2018 | $5.1M | $905.9K | $4.7M | $22.9M | $5.9M |
| 2017 | $5M | $964.5K | $4.7M | $20.8M | $5.5M |
| 2016 | $5.1M | $1.1M | $5.5M | $19.3M | $5.1M |
| 2015 | $5.1M | $1.4M | $4.8M | $21.3M | $5.5M |
| 2014 | $3.8M | $1.4M | $4M | $21.6M | $6.1M |
| 2013 | $7.7M | $5.7M | $3.3M | $20.6M | $6.7M |
| 2012 | $3.6M | $1.5M | $3M | $20.5M | $761.2K |
| 2011 | $2.8M | $958.2K | $2.8M | $19.7M | $4.3M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| $0 |
| $53.1K |
| $186.8K |
| Shermaine Thompson | Associate Director Of Accounting | 9.4 | $146.6K | $0 | $32.6K | $179.2K |
| Brenda Guerra Segura | Credit Officer / Portfolio Manager | 9.4 | $136K | $0 | $34.7K | $170.6K |
Shermaine Thompson
Associate Director Of Accounting
$179.2K
Hrs/Wk
9.4
Compensation
$146.6K
Related Orgs
$0
Other
$32.6K
Brenda Guerra Segura
Credit Officer / Portfolio Manager
$170.6K
Hrs/Wk
9.4
Compensation
$136K
Related Orgs
$0
Other
$34.7K
| 0.6 |
| $0 |
| $0 |
| $0 |
| $0 |
| Mary Walker | Board Member | 0.6 | $0 | $0 | $0 | $0 |
| Phil Hillman | Board Member | 0.6 | $0 | $0 | $0 | $0 |
| Ricky Ochilo | Board Member | 0.6 | $0 | $0 | $0 | $0 |
| Rosalyn Johnson | Board Member | 0.6 | $0 | $0 | $0 | $0 |
Derrick Bellinger
Board Member (until 4/2024)
$0
Hrs/Wk
0.6
Compensation
$0
Related Orgs
$0
Other
$0
Eileen Kenner
Board Member
$0
Hrs/Wk
0.6
Compensation
$0
Related Orgs
$0
Other
$0
Kristen Halbert
Board Member
$0
Hrs/Wk
0.6
Compensation
$0
Related Orgs
$0
Other
$0
Mary Walker
Board Member
$0
Hrs/Wk
0.6
Compensation
$0
Related Orgs
$0
Other
$0
Phil Hillman
Board Member
$0
Hrs/Wk
0.6
Compensation
$0
Related Orgs
$0
Other
$0
Ricky Ochilo
Board Member
$0
Hrs/Wk
0.6
Compensation
$0
Related Orgs
$0
Other
$0
Rosalyn Johnson
Board Member
$0
Hrs/Wk
0.6
Compensation
$0
Related Orgs
$0
Other
$0