DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION (EIN 04-2681632)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-16
IRS object ID
202033219349307828
Schema version
2019v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-11-16T11:25:42-06:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042571780PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1AAFCPAS INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line150 WASHINGTON STREETAddressLine1Txt
CityWESTBOROUGHCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01581ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN042681632EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DORCHESTER BAY ECONOMIC DEVELOPMENTBusinessNameLine1Txt
Business Name Line2CORPORATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlDORCBusinessNameControlTxt
Phone6178254200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1594 COLUMBIA ROADAddressLine1Txt
CityDORCHESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02125ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHARLES A MCVEA IIIPersonNm
Person TitleDIRECTOR OF FINANCE AND ADMINPersonTitleTxt
Phone6178254200PhoneNum
Signature2020-11-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL PRUELL CPAPreparerPersonNm
PTINP01585061PTIN
Phone5083669100PhoneNum
Preparation2020-11-13PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address40.70.31.102IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-11-13IPDt
IP Tm15:41:50IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id2DDD31951ED2AB8CB25029F66ABAED5153B45454AtSubmissionCreationDeviceId
At Submission Filing Device Id87AE54C884FF003181B05E7BF84F4C93A3EEF9A3AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCHARLES A MCVEA IIIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1594 COLUMBIA ROADAddressLine1Txt
CityDORCHESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02125ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$12,609,923GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.DBEDC.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1979FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionDORCHESTER 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.ActivityOrMissionDesc
Voting Members Governing Body12VotingMembersGoverningBodyCnt
Voting Members Independent12VotingMembersIndependentCnt
Total Employee34TotalEmployeeCnt
Total Volunteers12TotalVolunteersCnt
Total Gross UBI-$35,393TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$35,393NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$905,862PYContributionsGrantsAmt
CY Contributions Grants$6,609,732CYContributionsGrantsAmt
PY Program Service Revenue$4,334,273PYProgramServiceRevenueAmt
CY Program Service Revenue$5,521,421CYProgramServiceRevenueAmt
PY Investment Income$2,590PYInvestmentIncomeAmt
CY Investment Income$3,213CYInvestmentIncomeAmt
PY Other Revenue-$169,416PYOtherRevenueAmt
CY Other Revenue-$107,695CYOtherRevenueAmt
PY Total Revenue$5,073,309PYTotalRevenueAmt
CY Total Revenue$12,026,671CYTotalRevenueAmt
PY Grants And Similar Paid$134,729PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$191,972CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,447,515PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,389,260CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$411,760CYTotalFundraisingExpenseAmt
PY Other Expenses$3,122,013PYOtherExpensesAmt
CY Other Expenses$3,802,567CYOtherExpensesAmt
PY Total Expenses$4,704,257PYTotalExpensesAmt
CY Total Expenses$5,383,799CYTotalExpensesAmt
PY Revenues Less Expenses$369,052PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$6,642,872CYRevenuesLessExpensesAmt
Total Assets BOY$22,881,236TotalAssetsBOYAmt
Total Assets EOY$43,110,084TotalAssetsEOYAmt
Total Liabilities BOY$16,941,934TotalLiabilitiesBOYAmt
Total Liabilities EOY$30,527,340TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,939,302NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$12,582,744NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionDORCHESTER 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$619,898ExpenseAmt
Revenue$485,934RevenueAmt
DescCOMMUNITY 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. "YOUTH FORCE ORGANIZING TRAINING AND LEADERSHIP DEVELOPMENT, IS RECOGNIZED AS ONE OF THE STRONGEST YOUTH ORGANIZING PROGRAMS IN THE STATE. OUR REENTRY PROGRAM IS THE FIRST CDC-BASED RE-ENTRY PROGRAM IN NEW ENGLAND FOR EX-OFFENDERS RETURNING TO THEIR COMMUNITY. USING OUR ORGANIZING EXPERTISE, WE HAVE PULLED TOGETHER THE A.G.'S OFFICE, POLICE, CORRECTIONS, AND OTHER NON-PROFIT SERVICE PARTNERS IN THIS IMPORTANT COLLABORATIVE. OUR COMPUTER TRAINING PROGRAMS HAVE HELPED TRAIN ADULTS AND YOUTHS IN COMPUTER SKILLS. BY PLACING RESIDENTS IN JOBS CREATED BY OUR EFFORTS, AND HELPING BUILD SKILLS FOR EMPLOYMENT, OUR EFFORTS INCREASE WEALTH AND OPPORTUNITIES.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$3,344,344ExpenseAmt
Grant$191,972GrantAmt
Revenue$3,164,090RevenueAmt
DescPROJECT 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 2017, WE COMPLETED CONSTRUCTION ON COTTAGE BROOK APARTMENTS (147 UNITS OF AFFORDABLE HOUSING). THE PROJECTS WERE ON TIME, ON BUDGET, AND ON MISSION. IN 2019, WE CLOSED ON AND BEGAN CONSTRUCTION ON A 90-UNIT RESIDENTIAL PROJECT (INDIGO BLOCK APARTMENTS) AND A $12,000,000 COMMERCIAL PROJECT. CONSTRUCTION BEGAN IN 2020 AND IS EXPECTED TO BE COMPLETED IN 2021 AND 2022. ADVANCEMENTS WERE ALSO MADE ON VARIOUS OTHER PROJECTS THROUGH THE PUBLIC APPROVAL PROCESS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$3,130ExpenseAmt
DescLOAN 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 IS THE ONLY BOSTON AREA CDC TO MAKE DIRECT LOANS TO SMALL BUSINESSES. DBEDC'S TWO-PRONGED STRATEGIES OF DEVELOPING COMMERCIAL REAL ESTATE AND LENDING TO BUSINESSES REINFORCE EACH OTHER BY CREATING PHYSICAL SPACES FOR BUSINESS AND ALSO 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.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$372,168ExpenseAmt
Revenue$1,791,543RevenueAmt
DescASSET 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.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$372,168TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$1,791,543TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$4,339,540TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document36IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee34EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members12GoverningBodyVotingMembersCnt
Independent Voting Member12IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6178254200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1594 COLUMBIA ROADAddressLine1Txt
CityDORCHESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02125ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
PERRY NEWMAN
CHIEF EXECUTIVE OFFICER12.5025.00Yes (X)$200,510$0$40,059
CHARLES MCVEA
DIRECTOR OF FINANCE & ADMIN12.5025.00Yes (X)$144,000$0$39,216
KERYN E O'DONNELL
DIRECTOR OF REAL ESTATE12.5025.00$144,000$0$22,950Yes (X)
VINCENT PINA
DIRECTOR OF HUMAN RESOURCE12.5025.00$115,548$0$34,718Yes (X)
KIMBERLY LYLE
DIRECTOR OF STRATEGY & IMPACT12.5025.00$113,330$0$27,399Yes (X)
PHIL HILLMAN
PRESIDENT0.500.80Yes (X)$0$0$0Yes (X)
PAUL BLACK
VICE PRESIDENT0.500.80Yes (X)$0$0$0Yes (X)
KEITH GREENAWAY
CLERK0.500.80Yes (X)$0$0$0Yes (X)
LEIGHTON RICHARDSON
TREASURER0.500.80Yes (X)$0$0$0Yes (X)
DARYL WRIGHT
BOARD MEMBER0.500.80$0$0$0Yes (X)
MARY WALKER
BOARD MEMBER0.500.80$0$0$0Yes (X)
MARIA ANDRADE
BOARD MEMBER0.500.80$0$0$0Yes (X)
EILEEN KENNER
BOARD MEMBER0.500.80$0$0$0Yes (X)
ROSALYN JOHNSON
BOARD MEMBER0.500.80$0$0$0Yes (X)
BRIAN WELCH
BOARD MEMBER0.500.80$0$0$0Yes (X)
AN DUONG
BOARD MEMBER0.500.80$0$0$0Yes (X)
RICKY OCHILO
BOARD MEMBER0.500.80$0$0$0Yes (X)
ELRETTE MARION
BOARD MEMBER (UNTIL FY19)0.500.80$0$0$0Yes (X)
AYOKA DRAKE
BOARD MEMBER (UNTIL FY19)0.500.80$0$0$0Yes (X)
EVELYN DARLING
BOARD MEMBER (UNTIL FY19)0.500.80$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$717,388TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$164,342TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
QUINCY GENEVA HOUSING
320 BLUE HILL AVENUE SUITE 2DORCHESTERMA02121AFFORDABLE HOUSING$230,904
AAFCPAS
50 WASHINGTON STREETWESTBOROUGHMA01581AUDIT AND ACCOUNTING$175,594
DREAM COLLABORATIVE
501 BOYLSTON STREETBOSTONMA02116ARCHITECTURAL SERVICES$121,451
JMT CONSULTING
1982 PROVIDENCE WAYMT JULIETTN37122COMPUTER SOFTWARE$101,351
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Fundraising$175,600FundraisingAmt
Related Organizations$160,104RelatedOrganizationsAmt
All Other Contributions$6,274,028AllOtherContributionsAmt
Noncash Contributions$5,915,597NoncashContributionsAmt
Total Contributions$6,609,732TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RESIDENT SERVICE FEES531390$2,183,907$2,183,907
RENTAL INCOME531390$1,129,488$1,129,488
RECOVERY OF NOTES RECEIVABLE531390$1,066,043$1,066,043
PROJECT FEES531390$595,987$595,987
INTEREST INCOME ON NOTES RECEIVAB531390$545,996$545,996
FieldValueIRS element (for citing)
Total Program Service Revenue$5,521,421TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,213TotalRevenueColumnAmt
Exclusion$3,213ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$349,499RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$464,746RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$115,247RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$115,247TotalRevenueColumnAmt
Related Or Exempt Func Income-$79,854RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$35,393UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$105,297FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$175,600ContriRptFundraisingEventAmt
Fundraising Direct Expenses$118,506FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$13,209TotalRevenueColumnAmt
Exclusion-$13,209ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Business900099BusinessCd
Total Revenue Column$20,761TotalRevenueColumnAmt
Exclusion$20,761ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$20,761OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,026,671TotalRevenueColumnAmt
Related Or Exempt Func Income$5,441,567RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$35,393UnrelatedBusinessRevenueAmt
Exclusion$10,765ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$191,972TotalAmt
Program Services$191,972ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$423,785TotalAmt
Program Services$254,271ProgramServicesAmt
Management And General$121,400ManagementAndGeneralAmt
Fundraising$48,114FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$745,155TotalAmt
Program Services$422,263ProgramServicesAmt
Management And General$44,400ManagementAndGeneralAmt
Fundraising$278,492FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$89,288TotalAmt
Program Services$53,573ProgramServicesAmt
Management And General$5,766ManagementAndGeneralAmt
Fundraising$29,949FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$45,755TotalAmt
Program Services$16,364ProgramServicesAmt
Management And General$907ManagementAndGeneralAmt
Fundraising$28,484FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$85,277TotalAmt
Program Services$47,878ProgramServicesAmt
Management And General$10,678ManagementAndGeneralAmt
Fundraising$26,721FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$159,610TotalAmt
Program Services$159,610ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$9,175TotalAmt
Program Services$6,531ProgramServicesAmt
Management And General$2,644ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$132,000TotalAmt
Management And General$132,000ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$500,122TotalAmt
Program Services$179,931ProgramServicesAmt
Management And General$320,191ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$190,818TotalAmt
Program Services$98,205ProgramServicesAmt
Management And General$92,613ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,492,060TotalAmt
Program Services$1,411,879ProgramServicesAmt
Management And General$80,181ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,605TotalAmt
Program Services$408ProgramServicesAmt
Management And General$3,197ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$881TotalAmt
Program Services$881ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$38,724TotalAmt
Management And General$38,724ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$869,151TotalAmt
Program Services$869,151ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$54,557TotalAmt
Program Services$23,556ProgramServicesAmt
Management And General$31,001ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
BAD DEBT$583,721$583,721
MISCELLANEOUS$31,635$19,346$12,289
G&A ALLOCATION-$263,492-$263,492

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,383,799TotalAmt
Program Services$4,339,540ProgramServicesAmt
Management And General$632,499ManagementAndGeneralAmt
Fundraising$411,760FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,133,489BOYAmt
EOY$3,061,153EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$71,308BOYAmt
EOY$71,519EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$218,780BOYAmt
EOY$11,906EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$111,357BOYAmt
EOY$129,931EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$36,498BOYAmt
EOY$211,375EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$12,587,159LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,383,401LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$4,744,973BOYAmt
EOY$11,203,758EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$10,328,443BOYAmt
EOY$18,417,637EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$6,236,388BOYAmt
EOY$10,002,805EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$22,881,236BOYAmt
EOY$43,110,084EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,225,688BOYAmt
EOY$1,956,325EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$17,237BOYAmt
EOY$18,326EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$14,518,031BOYAmt
EOY$26,991,640EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,180,978BOYAmt
EOY$1,561,049EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$16,941,934BOYAmt
EOY$30,527,340EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,609,547BOYAmt
EOY$12,344,064EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$329,755BOYAmt
EOY$238,680EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,939,302BOYAmt
EOY$12,582,744EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$22,881,236BOYAmt
EOY$43,110,084EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$6,642,872ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$570OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,390,092CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,098,347CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$964,520CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$905,862CurrentTaxYearMinus1YearAmt
Current Tax Year$6,609,732CurrentTaxYearAmt
Total$10,968,553TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,390,092CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,098,347CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$964,520CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$905,862CurrentTaxYearMinus1YearAmt
Current Tax Year$6,609,732CurrentTaxYearAmt
Total$10,968,553TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$189,012SubstantialContributorsTotAmt
Public Support Total170$10,779,541PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$410CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$454CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,485CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,590CurrentTaxYearMinus1YearAmt
Current Tax Year$3,213CurrentTaxYearAmt
Total$8,152TotalAmt
FieldValueIRS element (for citing)
Total Support$10,976,705TotalSupportAmt
Gross Receipts Rltd Activities$21,853,581GrossReceiptsRltdActivitiesAmt
Public Support CY1700.98200PublicSupportCY170Pct
Public Support PY1700.91270PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,929,802OtherCostOrOtherBasisAmt
Book Value$6,929,802BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,103,510OtherCostOrOtherBasisAmt
Depreciation$1,013,002DepreciationAmt
Book Value$4,090,508BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$257,452OtherCostOrOtherBasisAmt
Depreciation$118,577DepreciationAmt
Book Value$138,875BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$296,395OtherCostOrOtherBasisAmt
Depreciation$251,822DepreciationAmt
Book Value$44,573BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$11,203,758TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
NOTES AND INTEREST RECEIVABLE - RELATED PARTIES$1,400,113C
NOTES AND INTEREST RECEIVABLE$17,017,524C
FieldValueIRS element (for citing)
Total Book Value Program Rltd$18,417,637TotalBookValueProgramRltdAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDescBook ValueBookValueAmt
DUE FROM AFFILIATES$2,542,969
ESCROWS AND RESTRICTED DEPOSITS$258,567
PROJECTS UNDER DEVELOPMENT$7,013,208
DEFERRED RENTAL REVENUE$188,061
FieldValueIRS element (for citing)
Total Book Value Other Assets$10,002,805TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO AFFILIATESDesc
Amt$1,561,049Amt
FieldValueIRS element (for citing)
Total Liability$1,561,049TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART IV, LINE 2B:DBEDC AND AFFILIATES MAINTAIN CASH ACCOUNTS AS A FISCAL AGENT ON BEHALF OF SEVERAL NEIGHBORHOOD GROUPS. THEY ALSO HOLD SECURITY DEPOSITS FOR TENANTS AT THE PIERCE BUILDING, AS WELL AS FUNDS AS ESCROW AGENT FOR BORROWERS OF ITS LOAN PROGRAMS.
PART X, LINE 2:DBEDC ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. DBEDC HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2019.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1ANNUAL EVENTEvent1Nm
Gross Receipts Event1$280,897GrossReceiptsEvent1Amt
Charitable Contri Event1$175,600CharitableContriEvent1Amt
Gross Revenue Event1$105,297GrossRevenueEvent1Amt
Food And Beverage Event1$36,738FoodAndBeverageEvent1Amt
Entertainment Event1$2,800EntertainmentEvent1Amt
Other Direct Expenses Event1$78,968OtherDirectExpensesEvent1Amt
Gross Receipts Total$280,897GrossReceiptsTotalAmt
Charitable Contributions Tot$175,600CharitableContributionsTotAmt
Gross Revenue Total Events$105,297GrossRevenueTotalEventsAmt
Food And Beverage Total Events$36,738FoodAndBeverageTotalEventsAmt
Entertainment Total Events$2,800EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$78,968OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$118,506DirectExpenseSummaryEventsAmt
Net Income Summary-$13,209NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (7 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION
587 WASHINGTON STREETDORCHESTERMA02124042752507501(C)(3)$33,000LOW INCOME HOUSING ASSISTANCE
SOUTHWEST BOSTON COMMUNITY DEVELOPMENT CORPORATION
11 FAIRMOUNT AVE SUITE 101HYDE PARKMA02136043562853501(C)(3)$50,000LOW INCOME HOUSING ASSISTANCE
BOSTON MEDICAL CENTER
ONE BOSTON MEDICAL CENTERBOSTONMA02118043314093501(C)(3)$5,000LOW INCOME HOUSING ASSISTANCE
CEDAC
18 TREMONT STREETBOSTONMA02108042657382$5,000LOW INCOME HOUSING ASSISTANCE
CORP FOR SUPPORTIVE HOUSING
61 BROADWAYNEW YORKNY10006133600232501(C)(3)$5,000LOW INCOME HOUSING ASSISTANCE
BLUE HUB CAPITAL
10 MALCOLM X BLVDBOSTONMA02119043246555501(C)(3)$5,000LOW INCOME HOUSING ASSISTANCE
METROPOLITAN AREA PLANNING CORP
60 TEMPLE PLACEBOSTONMA02111$38,750LOW INCOME HOUSING ASSISTANCE
FieldValueIRS element (for citing)
Total501c3 Org6Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2FormAndLineReferenceDesc
ExplanationDORCHESTER BAY EDC ACTS AS THE LEAD AGENT FOR THE FAIRMOUNT COLLABORATIVE, WHICH IS A COLLABORATIVE OF THREE COMMUNITY DEVELOPMENT CORPORATIONS (CDC'S) ALONG THE FAIRMOUNT COMMUTER RAIL CORRIDOR. THE THREE CDC'S ARE RAISING FUNDS TOGETHER TO ACQUIRE SITES AND PROMOTE A TRANSIT ORIENTED DEVELOPMENT AGENDA WITH NEW AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT OPPORTUNITIES. THE CDC'S RAISE FUNDS TOGETHER AND DIVIDE THE FUNDS BASED ON GRANT AGREEMENTS. GRANTS RECEIVED BY DORCHESTER BAY EDC FOR THE COLLABORATIVE ARE PAID TO THE TWO OTHER CDC'S AND OTHER INDIVIDUALS WORKING ON THE PROJECT AND REPORTED AS GRANTS AND SIMILAR AMOUNTS PAID.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
PERRY NEWMAN
CHIEF EXECUTIVE OFFICER$200,510$0$0$0$0$0$10,026$0$30,033$0$240,569$0$0$0
CHARLES MCVEA
DIRECTOR OF FINANCE & ADMIN$144,000$0$0$0$0$0$7,200$0$32,016$0$183,216$0$0$0
KERYN E O'DONNELL
DIRECTOR OF REAL ESTATE$144,000$0$0$0$0$0$7,200$0$15,750$0$166,950$0$0$0
VINCENT PINA
DIRECTOR OF HUMAN RESOURCE$115,548$0$0$0$0$0$5,777$0$28,941$0$150,266$0$0$0

Schedule M IRS990ScheduleM

Real Estate Commercial RealEstateCommercialGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$5,915,597NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3ONLY 555 DUDLEY IS MANAGED BY A PROPERTY MANAGEMENT COMPANY. THE PROPERTY MANAGEMENT COMPANY PROVIDES DAY TO DAY MANAGEMENT OF 555 DUDLEY AND PROVIDES PROPERTY MAINTENANCE AS WELL. THE TOTAL EXPENSES OF 555 DUDLEY REPRESENT APPROXIMATELY 10% OF THE TOTAL EXPENSES OF DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION.
FORM 990, PART VI, SECTION B, LINE 11BTHE 990 IS DISTRIBUTED TO THE GOVERNING BODY FOR REVIEW AND QUESTIONS.
FORM 990, PART VI, SECTION B, LINE 12CEMPLOYEES AND BOARD MEMBERS ARE REQUIRED ON AN ANNUAL BASIS TO REVIEW THE CONFLICT OF INTEREST POLICY. AFTER THEIR REVIEW, THE EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO SIGN A FORM THAT NOT ONLY ASSERTS THEY HAVE READ AND UNDERSTAND THE POLICY, BUT THAT THEY AGREE TO COMPLY WITH THE POLICY. ANY POTENTIAL CONFLICTS ARE TO BE NOTED AT THAT TIME.
FORM 990, PART VI, SECTION B, LINE 15THE HUMAN RESOURCE DIRECTOR USES MARKET DATA FROM RELEVANT PERSONNEL ALONG WITH INPUTS FROM OTHER COMPENSATION SPECIALISTS.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:PIERCE RENTAL INCOME 570.
FORM 990, PART XII, LINE 2C:THE OVERSIGHT PROCESS FOR THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED BETWEEN YEARS.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
DB 555 DUDLEY STREET LLC
594 COLUMBIA ROADDORCHESTERMA02125260598856MIXED USE HOUSING PROJECTMA$352,741$4,800,777DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION
DB PEARL MASTER TENANT LLC
594 COLUMBIA ROADDORCHESTERMA02125462807273MASTER TENANTMA$1,234,035$10,287,990DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION
DB DUDLEY TERRACE MM LLC
594 COLUMBIA ROADDORCHESTERMA02125812511432MIXED USE HOUSING PROJECTMADORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION
INDIGO BLOCK QALICB LLC
594 COLUMBIA ROADDORCHESTERMA02125810902565MIXED USE HOUSING PROJECTMADORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION
DB COMMERCIAL INC
594 COLUMBIA ROADDORCHESTERMA02125472087763COMMERCIAL DEVELOPMENTMADORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION
DUDLEY TERRACE LP
594 COLUMBIA ROADDORCHESTERMA02125043485471RESIDENTIAL DEVELOPMENTMADORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
DORCHESTER BAY NEIGHBORHOOD LOAN FUND INC
594 COLUMBIA ROADDORCHESTERMA02125043473587LENDING SERVICES FOR LOW-INCOME PROJECTSMA501(C)(3)LINE 7DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATIONYes (1)
DB HOUSING INC
594 COLUMBIA ROADDORCHESTERMA02125223042334LOW-INCOME HOUSING DEVELOPMENTMA501(C)(3)LINE 7DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATIONYes (1)
BOSTON HOMEOWNER SERVICES COLLABORATIVE INC
594 COLUMBIA ROADDORCHESTERMA02125237420526LENDING SERVICES FOR LOW-INCOME PROJECTSMA501(C)(3)LINE 10DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATIONYes (1)
INDIGO SUPPORT CORPORATION
594 COLUMBIA ROADDORCHESTERMA02125842663787LOW-INCOME HOUSING DEVELOPMENTMA501(C)(3)LINE 12D, III-ODORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATIONYes (1)

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (18 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtPredominant Income TypePredominantIncomeTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerIndOwnershipOwnershipPctDirect Controlling NADirectControllingNACd
DUDLEY VILLAGE NORTH COMMERCIAL LLC
594 COLUMBIA ROADDORCHESTERMA02125205229416COMMERCIAL REAL ESTATEMADORCHESTER BAY ECONOMIC DEVELOPMENT CORPRELATED$14,740$970,9230Yes (1)0.51000
PIERCE PROPERTIES LIMITED PARTNERSHIP
594 COLUMBIA ROADDORCHESTERMA02125042816598MIXED RESIDENTIAL-COMMERCIAL PROPERTYMADORCHESTER BAY ECONOMIC DEVELOPMENT CORPRELATED-$65,497$1,853,798000.99000
GLENDALE ASSOCIATES LIMITED PARTNERSHIP
594 COLUMBIA ROADDORCHESTERMA02125043052070RESIDENTIAL REAL ESTATEMAN/A00N/A
CEYLON FIELD LP
594 COLUMBIA ROADDORCHESTERMA02125043338410RESIDENTIAL REAL ESTATEMADORCHESTER BAY ECONOMIC DEVELOPMENT CORPRELATED$688,668$3,987,465000.99990
WILDER GARDENS LP
594 COLUMBIA ROADDORCHESTERMA02125043398950RESIDENTIAL REAL ESTATEMADORCHESTER BAY ECONOMIC DEVELOPMENT CORPRELATED$461,641$5,942,514000.99000
DB UPHAMS LP
594 COLUMBIA ROADDORCHESTERMA02125043299282RESIDENTIAL REAL ESTATEMADORCHESTER BAY ECONOMIC DEVELOPMENT CORPRELATED$203,861$3,329,348000.99000
150 MAGNOLIA LP
594 COLUMBIA ROADDORCHESTERMA02125043484374RESIDENTIAL REAL ESTATEMADORCHESTER BAY ECONOMIC DEVELOPMENT CORPRELATED-$244,556$5,245,000000.99990
DUDLEY TERRACE LP
594 COLUMBIA ROADDORCHESTERMA02125043485471RESIDENTIAL REAL ESTATEMADORCHESTER BAY ECONOMIC DEVELOPMENT CORPRELATED000.99990
BRUNSWICK HOLBORN TWO LP
594 COLUMBIA ROADDORCHESTERMA02125203067463RESIDENTIAL REAL ESTATEMAN/A00N/A
COLUMBIA WOOD TWO LP
594 COLUMBIA ROADDORCHESTERMA02125203067354RESIDENTIAL REAL ESTATEMAN/A00N/A
COTTAGE BROOK HOUSING LP
594 COLUMBIA ROADDORCHESTERMA02125043154165RESIDENTIAL REAL ESTATEMADORCHESTER BAY ECONOMIC DEVELOPMENT CORPRELATED-$26,870$3,563,497000.99000
DUDLEY VILLAGE NORTH LP
594 COLUMBIA ROADDORCHESTERMA02125205229824RESIDENTIAL REAL ESTATEMAN/A00N/A
DUDLEY VILLAGE SOUTH LP
594 COLUMBIA ROADDORCHESTERMA02125205229881RESIDENTIAL REAL ESTATEMAN/A00N/A
GENEVA APARTMENTS LLC
594 COLUMBIA ROADDORCHESTERMA02125371426384RESIDENTIAL REAL ESTATEMAN/A00N/A
QUINCY HEIGHTS LIMITED PARTNERSHIP
594 COLUMBIA ROADDORCHESTERMA02125263912482RESIDENTIAL REAL ESTATEMAN/A00N/A
DB PEARL QALICB LLC
594 COLUMBIA ROADDORCHESTERMA02125462838749RESIDENTIAL REAL ESTATEMADORCHESTER BAY ECONOMIC DEVELOPMENT CORPRELATED-$579,161$12,255,546000.95000
COTTAGE BROOK APARTMENTS LP
594 COLUMBIA ROADDORCHESTERMA02125611766201RESIDENTIAL REAL ESTATEMAN/A00N/A
INDIGO APARTMENTS MM LLC
594 COLUMBIA ROADDORCHESTERMA02125810811662RESIDENTIAL REAL ESTATEMAN/A00N/A

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (15 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationInd
GLENDALE PROPERTIES INC
594 COLUMBIA ROADDORCHESTERMA02125042960667PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$1,422$15,6901.00000Yes (1)
DBCB HOUSING INC
594 COLUMBIA ROADDORCHESTERMA02125043154374PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$1,6561.00000Yes (1)
DB UPHAMS INC
594 COLUMBIA ROADDORCHESTERMA02125043292805PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$1,0740.79000Yes (1)
CEYLON FIELD INC
594 COLUMBIA ROADDORCHESTERMA02125043334774PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$1,105$143,9310.79000Yes (1)
WILDER GARDENS INC
594 COLUMBIA ROADDORCHESTERMA02125043398787PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$1,303$234,5660.79000Yes (1)
BRUNSWICK HOLBORN HOUSING INC
594 COLUMBIA ROADDORCHESTERMA02125900191849PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$7130.51000Yes (1)
COLUMBIA WOOD HOUSING INC
594 COLUMBIA ROADDORCHESTERMA02125900191847PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$7140.51000Yes (1)
150 MAGNOLIA CORP
594 COLUMBIA ROADDORCHESTERMA02125043484373PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$6760.49000Yes (1)
DV NORTH HOUSING INC
594 COLUMBIA ROADDORCHESTERMA02125205229648PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$1,0900.79000Yes (1)
DV SOUTH HOUSING INC
594 COLUMBIA ROADDORCHESTERMA02125205229749PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$1,0910.79000Yes (1)
QHI HOUSING INC
594 COLUMBIA ROADDORCHESTERMA02125263931153PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$725-$650,7190.51000Yes (1)
SISTER CLARA MUHAMMED COOPERATIVE CORP
594 COLUMBIA ROADDORCHESTERMA02125510444516PROJECT DEVELOPMENTMADORCHESTER BAY EDCC0.51000Yes (1)
DORCHESTER BAY DEVELOPMENT CORPORATION
594 COLUMBIA ROADDORCHESTERMA02125042808434PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$1,6561.00000Yes (1)
DB INDUSTRIAL INC
594 COLUMBIA ROADDORCHESTERMA02125043251088PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$1,6561.00000Yes (1)
DB COTTAGE BROOK INC
594 COLUMBIA ROADDORCHESTERMA02125474525739PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$7870.55000Yes (1)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (1)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other OrgYes (1)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (6 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
CEYLON FIELD LP
L$204,452FAIR VALUE
WILDER GARDENS LP
L$285,231FAIR VALUE
DUDLEY TERRACE LP
L$111,621FAIR VALUE
INDIGO SUPPORT CORPORATION
B$232,003FAIR VALUE
DORCHESTER BAY NEIGHBORHOOD LOAN FUND
B$480,446FAIR VALUE
GLENDALE APARTMENTS LP
L$196,299FAIR VALUE

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.