DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION (EIN 04-2681632)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-11-14
IRS object ID
201933189349311713
Schema version
2018v3.1
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)
Return2019-11-14T15:41:39-06:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042571780PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ALEXANDER ARONSON FINNING & CO PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line150 WASHINGTON STREETAddressLine1Txt
CityWESTBOROUGHCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01581ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

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
Signature2019-11-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID J KELLEHERCPAPreparerPersonNm
PTINP01059560PTIN
Phone5083669100PhoneNum
Preparation2019-11-14PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address40.70.31.102IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-11-14IPDt
IP Tm09:49:24IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdF4247996A0DFD92197EA51AEF4558D040C319DAAAtSubmissionCreationDeviceId
At Submission Filing Device Id1166F2FD08ABF73FAA4779C448B3D4829B6A5C9CAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-03-31 21:24:44ZBuildTS

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$5,528,681GrossReceiptsAmt
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 Body15VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee31TotalEmployeeCnt
Total Volunteers15TotalVolunteersCnt
Total Gross UBI-$28,292TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$28,292NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$964,520PYContributionsGrantsAmt
CY Contributions Grants$905,862CYContributionsGrantsAmt
PY Program Service Revenue$4,215,572PYProgramServiceRevenueAmt
CY Program Service Revenue$4,334,273CYProgramServiceRevenueAmt
PY Investment Income$1,485PYInvestmentIncomeAmt
CY Investment Income$2,590CYInvestmentIncomeAmt
PY Other Revenue-$218,608PYOtherRevenueAmt
CY Other Revenue-$169,416CYOtherRevenueAmt
PY Total Revenue$4,962,969PYTotalRevenueAmt
CY Total Revenue$5,073,309CYTotalRevenueAmt
PY Grants And Similar Paid$239,667PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$134,729CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,734,623PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,447,515CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$368,541CYTotalFundraisingExpenseAmt
PY Other Expenses$2,735,171PYOtherExpensesAmt
CY Other Expenses$3,122,013CYOtherExpensesAmt
PY Total Expenses$4,709,461PYTotalExpensesAmt
CY Total Expenses$4,704,257CYTotalExpensesAmt
PY Revenues Less Expenses$253,508PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$369,052CYRevenuesLessExpensesAmt
Total Assets BOY$20,792,430TotalAssetsBOYAmt
Total Assets EOY$22,881,236TotalAssetsEOYAmt
Total Liabilities BOY$15,287,815TotalLiabilitiesBOYAmt
Total Liabilities EOY$16,941,934TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,504,615NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,939,302NetAssetsOrFundBalancesEOYAmt
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$746,556ExpenseAmt
Revenue$579,853RevenueAmt
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$2,702,830ExpenseAmt
Grant$134,729GrantAmt
Revenue$1,989,919RevenueAmt
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 2014, WE COMPLETED CONSTRUCTION ON TWO BIG PROJECTS: QUINCY HEIGHTS (129 UNITS OF AFFORDABLE HOUSING) AND THE BORNSTEIN AND PEARL FOOD PRODUCTION CENTER (36,000 SQUARE FEET OF COMMERCIAL SPACE). IN 2017, WE COMPLETED CONSTRUCTION ON COTTAGE BROOK APARTMENTS (147 UNITS OF AFFORDABLE HOUSING). THE PROJECTS WERE ON TIME, ON BUDGET, AND ON MISSION.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$53,938ExpenseAmt
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$179,776ExpenseAmt
Revenue$1,627,931RevenueAmt
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$179,776TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$1,627,931TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$3,683,100TotalProgramServiceExpensesAmt
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
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
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 IndividualsYes (1)GrantsToIndividualsInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
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 Document35IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee31EmployeeCnt
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 Members15GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
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 (23 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
PHIL HILLMAN
PRESIDENT0.500.80Yes (X)Yes (X)$0$0$0
PAUL BLACK
VICE PRESIDENT0.500.80Yes (X)Yes (X)$0$0$0
KEITH GREENAWAY
CLERK0.500.80Yes (X)Yes (X)$0$0$0
LEIGHTON RICHARDSON
TREASURER0.500.80Yes (X)Yes (X)$0$0$0
ELRETTE MARION
BOARD MEMBER0.500.80Yes (X)$0$0$0
DARYL WRIGHT
BOARD MEMBER0.500.80Yes (X)$0$0$0
MARY WALKER
BOARD MEMBER0.500.80Yes (X)$0$0$0
MARIA ANDRADE
BOARD MEMBER0.500.80Yes (X)$0$0$0
EILEEN KENNER
BOARD MEMBER0.500.80Yes (X)$0$0$0
ROSALYN JOHNSON
BOARD MEMBER0.500.80Yes (X)$0$0$0
AYOKA DRAKE
BOARD MEMBER0.500.80Yes (X)$0$0$0
EVELYN DARLING
BOARD MEMBER0.500.80Yes (X)$0$0$0
BRIAN WELCH
BOARD MEMBER0.500.80Yes (X)$0$0$0
AN DUONG
BOARD MEMBER0.500.80Yes (X)$0$0$0
RICKY OCHILO
BOARD MEMBER0.500.80Yes (X)$0$0$0
CHRISTINE GREEN
BOARD MEMBER0.500.80Yes (X)$0$0$0
K BETH O'DONNELL
BOARD MEMBER0.500.80Yes (X)$0$0$0
MAX SHAPIRO
BOARD MEMBER0.500.80Yes (X)$0$0$0
PERRY NEWMAN
CHIEF EXECUTIVE OFFICER12.5025.00Yes (X)$190,962$0$39,734
CHARLES MCVEA
DIRECTOR OF FINANCE & ADMIN12.5025.00Yes (X)$133,000$0$32,187
VINCENT PINA
DIRECTOR OF HUMAN RESOURCES12.5025.00$115,548$0$34,718Yes (X)
MARY FLANIGAN
DIRECTOR OF RESOURCE DEVE12.5025.00$101,000$0$17,569Yes (X)
JAMES MCSHERRY
DIRECTOR OF ECONOMIC DEV.12.5025.00$102,125$0$23,809Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$642,635TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$148,017TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
AAFCPAS
50 WASHINGTON STREETWESTBOROUGHMA01581AUDIT AND ACCOUNTING$173,608
QUINCY GENEVA HOUSING
320 BLUE HILL AVENUE SUITE 2DORCHESTERMA02121AFFORDABLE HOUSING$156,602
DREAM COLLABORATIVE
501 BOYLSTON STREETBOSTONMA02116ARCHITECTURAL SERVICES$104,770
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K3CntrctRcvdGreaterThan100KCnt
Federated Campaigns$16,710FederatedCampaignsAmt
Fundraising$215,250FundraisingAmt
Related Organizations$82,670RelatedOrganizationsAmt
All Other Contributions$591,232AllOtherContributionsAmt
Total Contributions$905,862TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RESIDENT SERVICE FEES531390$2,357,962$2,357,962
RENTAL INCOME531390$961,534$961,534
PROJECT FEES531390$445,410$445,410
RECOVERY OF NOTES RECEIVABLE531390$292,146$292,146
INTEREST INCOME ON NOTES RECEIVAB531390$277,221$277,221
FieldValueIRS element (for citing)
Total Program Service Revenue$4,334,273TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,590TotalRevenueColumnAmt
Exclusion$2,590ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$255,617RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$420,479RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$164,862RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$164,862TotalRevenueColumnAmt
Related Or Exempt Func Income-$136,570RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$28,292UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$30,339FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$215,250ContriRptFundraisingEventAmt
Fundraising Direct Expenses$34,893FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$4,554TotalRevenueColumnAmt
Exclusion-$4,554ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,073,309TotalRevenueColumnAmt
Related Or Exempt Func Income$4,197,703RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$28,292UnrelatedBusinessRevenueAmt
Exclusion-$1,964ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$91,102TotalAmt
Program Services$91,102ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$43,627TotalAmt
Program Services$43,627ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$395,883TotalAmt
Program Services$92,278ProgramServicesAmt
Management And General$280,535ManagementAndGeneralAmt
Fundraising$23,070FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$820,760TotalAmt
Program Services$520,557ProgramServicesAmt
Management And General$87,850ManagementAndGeneralAmt
Fundraising$212,353FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$60,336TotalAmt
Program Services$34,448ProgramServicesAmt
Management And General$11,536ManagementAndGeneralAmt
Fundraising$14,352FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$84,005TotalAmt
Program Services$43,223ProgramServicesAmt
Management And General$207ManagementAndGeneralAmt
Fundraising$40,575FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$86,531TotalAmt
Program Services$38,233ProgramServicesAmt
Management And General$24,269ManagementAndGeneralAmt
Fundraising$24,029FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$23,539TotalAmt
Program Services$23,539ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$10,353TotalAmt
Program Services$5,242ProgramServicesAmt
Management And General$5,111ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$147,379TotalAmt
Program Services$40,567ProgramServicesAmt
Management And General$106,812ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$563,433TotalAmt
Program Services$295,536ProgramServicesAmt
Management And General$267,897ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$224,441TotalAmt
Program Services$107,815ProgramServicesAmt
Management And General$86,512ManagementAndGeneralAmt
Fundraising$30,114FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,606,424TotalAmt
Program Services$1,564,033ProgramServicesAmt
Management And General$36,832ManagementAndGeneralAmt
Fundraising$5,559FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,783TotalAmt
Program Services$881ProgramServicesAmt
Management And General$3,902ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$724TotalAmt
Program Services$724ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$26,348TotalAmt
Management And General$26,348ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$446,084TotalAmt
Program Services$446,084ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$48,839TotalAmt
Program Services$25,382ProgramServicesAmt
Management And General$23,457ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
BAD DEBT$289,979$284,276$5,703
MISCELLANEOUS$68,560$25,353$24,718$18,489
PROGRAM COSTS$200$200
G&A ALLOCATION-$339,073-$339,073

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,704,257TotalAmt
Program Services$3,683,100ProgramServicesAmt
Management And General$652,616ManagementAndGeneralAmt
Fundraising$368,541FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,395,909BOYAmt
EOY$1,133,489EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$71,131BOYAmt
EOY$71,308EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$218,780EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$143,678BOYAmt
EOY$111,357EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$29,916BOYAmt
EOY$36,498EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$6,233,626LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,488,653LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$4,858,576BOYAmt
EOY$4,744,973EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$10,103,493BOYAmt
EOY$10,328,443EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$4,189,727BOYAmt
EOY$6,236,388EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$20,792,430BOYAmt
EOY$22,881,236EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$988,983BOYAmt
EOY$1,225,688EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$17,226BOYAmt
EOY$17,237EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$13,269,928BOYAmt
EOY$14,518,031EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,011,678BOYAmt
EOY$1,180,978EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$15,287,815BOYAmt
EOY$16,941,934EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,297,484BOYAmt
EOY$5,609,547EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$207,131BOYAmt
EOY$329,755EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,504,615BOYAmt
EOY$5,939,302EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$20,792,430BOYAmt
EOY$22,881,236EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$369,052ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$65,635OtherChangesInNetAssetsAmt
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$1,351,589CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,390,092CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,098,347CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$964,520CurrentTaxYearMinus1YearAmt
Current Tax Year$905,862CurrentTaxYearAmt
Total$5,710,410TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,351,589CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,390,092CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,098,347CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$964,520CurrentTaxYearMinus1YearAmt
Current Tax Year$905,862CurrentTaxYearAmt
Total$5,710,410TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$493,431SubstantialContributorsTotAmt
Public Support Total170$5,216,979PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$542CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$410CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$454CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,485CurrentTaxYearMinus1YearAmt
Current Tax Year$2,590CurrentTaxYearAmt
Total$5,481TotalAmt
FieldValueIRS element (for citing)
Total Support$5,715,891TotalSupportAmt
Gross Receipts Rltd Activities$18,971,466GrossReceiptsRltdActivitiesAmt
Public Support CY1700.91270PublicSupportCY170Pct
Public Support PY1700.97470PublicSupportPY170Pct
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$376,800OtherCostOrOtherBasisAmt
Book Value$376,800BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,103,510OtherCostOrOtherBasisAmt
Depreciation$885,414DepreciationAmt
Book Value$4,218,096BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$256,003OtherCostOrOtherBasisAmt
Depreciation$170,457DepreciationAmt
Book Value$85,546BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$497,313OtherCostOrOtherBasisAmt
Depreciation$432,782DepreciationAmt
Book Value$64,531BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$4,744,973TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
NOTES AND INTEREST RECEIVABLE - RELATED PARTIES$520,043C
NOTES AND INTEREST RECEIVABLE$9,808,400C
FieldValueIRS element (for citing)
Total Book Value Program Rltd$10,328,443TotalBookValueProgramRltdAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDescBook ValueBookValueAmt
DUE FROM AFFILIATES$4,065,214
ESCROWS AND RESTRICTED DEPOSITS$225,372
PROJECTS UNDER DEVELOPMENT$1,769,003
DEFERRED RENTAL REVENUE$176,799
FieldValueIRS element (for citing)
Total Book Value Other Assets$6,236,388TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO AFFILIATESDesc
Amt$1,180,978Amt
FieldValueIRS element (for citing)
Total Liability$1,180,978TotalLiabilityAmt
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, 2018.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1ANNUAL EVENTEvent1Nm
Gross Receipts Event1$245,589GrossReceiptsEvent1Amt
Charitable Contri Event1$215,250CharitableContriEvent1Amt
Gross Revenue Event1$30,339GrossRevenueEvent1Amt
Rent Facility Costs Event1$5,898RentFacilityCostsEvent1Amt
Food And Beverage Event1$16,237FoodAndBeverageEvent1Amt
Entertainment Event1$2,575EntertainmentEvent1Amt
Other Direct Expenses Event1$10,183OtherDirectExpensesEvent1Amt
Gross Receipts Total$245,589GrossReceiptsTotalAmt
Charitable Contributions Tot$215,250CharitableContributionsTotAmt
Gross Revenue Total Events$30,339GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$5,898RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$16,237FoodAndBeverageTotalEventsAmt
Entertainment Total Events$2,575EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$10,183OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$34,893DirectExpenseSummaryEventsAmt
Net Income Summary-$4,554NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION
587 WASHINGTON STREETDORCHESTERMA02124042752507501(C)(3)$89,317LOW INCOME HOUSING ASSISTANCE
SOUTHWEST BOSTON COMMUNITY DEVELOPMENT CORPORATION
11 FAIRMOUNT AVE SUITE 101HYDE PARKMA02136043562853501(C)(3)$1,785LOW INCOME HOUSING ASSISTANCE
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeLOW INCOME HOUSING ASSISTANCEGrantTypeTxt
Recipient4RecipientCnt
Cash Grant$43,627CashGrantAmt

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 (3 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$190,962$0$0$0$0$0$9,548$0$30,186$0$230,696$0$0$0
CHARLES MCVEA
DIRECTOR OF FINANCE & ADMIN$133,000$0$0$0$0$0$6,650$0$25,537$0$165,187$0$0$0
VINCENT PINA
DIRECTOR OF HUMAN RESOURCES$115,548$0$0$0$0$0$5,777$0$28,941$0$150,266$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 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 12CTHE BOARD OF DIRECTORS APPROVED A REVISED CONFLICT OF INTEREST POLICY AT THE JUNE, 2010 BOARD MEETING INCLUDING PROCEDURES TO MONITOR COMPLIANCE WITH THE POLICY. EMPLOYEES 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 IX, LINE 11GPAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 103,385. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 103,385. CONSULTING: PROGRAM SERVICE EXPENSES 100,715. MANAGEMENT AND GENERAL EXPENSES 129,274. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 229,989. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 194,821. MANAGEMENT AND GENERAL EXPENSES 35,238. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 230,059.
FORM 990, PART XI, LINE 9:PIERCE RENTAL INCOME 65,635.
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 (5 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$323,487$4,884,073DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION
DB PEARL MASTER TENANT LLC
594 COLUMBIA ROADDORCHESTERMA02125462807273MASTER TENANTMA$1,061,416$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

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 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)

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$8,260$964,5250Yes (1)0.51000
PIERCE PROPERTIES LIMITED PARTNERSHIP
594 COLUMBIA ROADDORCHESTERMA02125042816598MIXED RESIDENTIAL-COMMERCIAL PROPERTYMADORCHESTER BAY ECONOMIC DEVELOPMENT CORPRELATED-$72,848$1,711,494000.99000
GLENDALE ASSOCIATES LIMITED PARTNERSHIP
594 COLUMBIA ROADDORCHESTERMA02125043052070RESIDENTIAL REAL ESTATEMAN/A00N/A
CEYLON FIELD LP
594 COLUMBIA ROADDORCHESTERMA02125043338410RESIDENTIAL REAL ESTATEMADORCHESTER BAY ECONOMIC DEVELOPMENT CORPRELATED$258,704$4,013,492000.99990
WILDER GARDENS LP
594 COLUMBIA ROADDORCHESTERMA02125043398950RESIDENTIAL REAL ESTATEMADORCHESTER BAY ECONOMIC DEVELOPMENT CORPRELATED$450,104$6,055,281000.99000
DB UPHAMS LP
594 COLUMBIA ROADDORCHESTERMA02125043299282RESIDENTIAL REAL ESTATEMADORCHESTER BAY ECONOMIC DEVELOPMENT CORPRELATED-$59,008$3,126,254000.99000
150 MAGNOLIA LP
594 COLUMBIA ROADDORCHESTERMA02125043484374RESIDENTIAL REAL ESTATEMADORCHESTER BAY ECONOMIC DEVELOPMENT CORPRELATED-$1,428,085$5,345,397000.99990
DUDLEY TERRACE LP
594 COLUMBIA ROADDORCHESTERMA02125043485471RESIDENTIAL REAL ESTATEMADORCHESTER BAY ECONOMIC DEVELOPMENT CORPRELATED$3,691,970$4,157,088000.99990
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-$193$3,587,996000.99000
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-$111,757$12,318,650000.95000
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 (16 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-$1,421$15,6901.00000Yes (1)
DBCB HOUSING INC
594 COLUMBIA ROADDORCHESTERMA02125043154374PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$1,2061.00000Yes (1)
DB UPHAMS INC
594 COLUMBIA ROADDORCHESTERMA02125043292805PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$1,0780.79000Yes (1)
CEYLON FIELD INC
594 COLUMBIA ROADDORCHESTERMA02125043334774PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$1,105$143,8760.79000Yes (1)
WILDER GARDENS INC
594 COLUMBIA ROADDORCHESTERMA02125043398787PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$1,305$234,6170.79000Yes (1)
BRUNSWICK HOLBORN HOUSING INC
594 COLUMBIA ROADDORCHESTERMA02125900191849PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$7130.51000Yes (1)
COLUMBIA WOOD HOUSING INC
594 COLUMBIA ROADDORCHESTERMA02125900191847PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$7150.51000Yes (1)
150 MAGNOLIA CORP
594 COLUMBIA ROADDORCHESTERMA02125043484373PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$6760.49000Yes (1)
DUDLEY TERRACE HOUSING INC
594 COLUMBIA ROADDORCHESTERMA02125043486158PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$1,0730.75000Yes (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-$727-$307,9250.51000Yes (1)
SISTER CLARA MUHAMMED COOPERATIVE CORP
594 COLUMBIA ROADDORCHESTERMA02125510444516PROJECT DEVELOPMENTMADORCHESTER BAY EDCC0.51000Yes (1)
DORCHESTER BAY DEVELOPMENT CORPORATION
594 COLUMBIA ROADDORCHESTERMA02125042808434PROJECT DEVELOPMENTMADORCHESTER BAY EDCC-$2,3191.00000Yes (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 (7 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
CEYLON FIELD LP
L$199,677FAIR VALUE
WILDER GARDENS LP
L$280,314FAIR VALUE
DUDLEY TERRACE LP
L$108,338FAIR VALUE
DB HOUSING
B$151,242FAIR VALUE
DORCHESTER BAY NEIGHBORHOOD LOAN FUND
B$212,172FAIR VALUE
PIERCE PROPERTIES
L$198,488FAIR VALUE
GLENDALE APARTMENTS LP
L$193,391FAIR VALUE

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