2023-11-15T10:08:20-06:00 2022-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-01-01 043473587 DORCHESTER BAY NEIGHBORHOOD LOAN FUND INC DORC 6178254200 594 COLUMBIA ROAD DORCHESTER MA 02125 KIMBERLY LYLE CEO 6178254200 2023-11-13 1 KIMBERLY LYLE XXX-XX-XXXX 1 MICHAEL PRUELL CPA P01585061 5083669100 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KIMBERLY LYLE 594 COLUMBIA ROAD DORCHESTER MA 02125 1440165 0 X DBEDC.ORG X 1998 MA LENDING SERVICES FOR LOW-INCOME PROJECTS. 16 16 0 16 0 0 1372930 1387551 44480 52027 120 587 136908 0 1554438 1440165 0 0 0 0 0 0 0 0 0 1135492 1722411 1135492 1722411 418946 -282246 1821362 1967600 562725 991209 1258637 976391 LENDING SERVICES FOR LOW-INCOME PROJECTS. 0 0 1357568 52027 DB NEIGHBORHOOD LOAN FUND (DBNLF): 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 $50,000 (BOTH DBNLF CAPITAL AND SBA LOANS). DBEDC (SEE SCHEDULE R) IS THE ONLY BOSTON AREA CDC TO MAKE DIRECT LOANS TO SMALL BUSINESSES. DBNLF'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. 1357568 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X DAVID G SIMMONS CPA 6178254200 594 COLUMBIA ROAD DORCHESTER MA 02125 CHARLES MCVEA DIRECTOR OF FINANCE & ADMIN (UNTIL 11/22) 9.35 28.15 X 0 207692 49351 BETH O'DONNELL DIRECTOR OF REAL ESTATE 9.35 28.15 X 0 180000 40320 KIMBERLY LYLE CHIEF EXECUTIVE OFFICER (AS OF 5/22) 9.35 28.15 X 0 177500 36431 PERRY NEWMAN CHIEF EXECUTIVE OFFICER (UNTIL 5/22) 9.35 28.15 X 0 168024 31035 TIMOTHY CAPLICE ASS. DIRECTOR OF ASSET MANAGEMENT 9.35 28.15 X 0 125000 47454 WILLIAM RIORDAN ACCOUNTING MANAGER 9.35 28.15 X 0 125000 47274 VINCENT PINA DIRECTOR OF HUMAN RESOURCES 9.35 28.15 X 0 101363 24748 DAVID SIMMONS DIRECTOR OF FINANCE & ADMIN (AS OF 11/22) 9.35 28.15 X 0 64356 20130 PAUL BLACK PRESIDENT 0.62 2.13 X X 0 0 0 LEIGHTON RICHARDSON VICE PRESIDENT 0.62 2.13 X X 0 0 0 BRIAN WELCH TREASURER 0.62 1.88 X X 0 0 0 LORRAINE PAYNE WHEELER CLERK 0.62 1.88 X X 0 0 0 PHIL HILLMAN BOARD MEMBER 0.62 1.88 X 0 0 0 DARYL WRIGHT BOARD MEMBER 0.62 2.13 X 0 0 0 MARY WALKER BOARD MEMBER 0.62 1.88 X 0 0 0 EILEEN KENNER BOARD MEMBER 0.62 1.88 X 0 0 0 ROSALYN JOHNSON BOARD MEMBER 0.62 1.88 X 0 0 0 AN DUONG BOARD MEMBER 0.62 1.88 X 0 0 0 RICKY OCHILO BOARD MEMBER 0.62 1.88 X 0 0 0 DERRICK BELLINGER BOARD MEMBER 0.62 1.88 X 0 0 0 KRISTEN HALBERT BOARD MEMBER 0.62 1.88 X 0 0 0 NAJAH WALLACE BOARD MEMBER 0.62 1.88 X 0 0 0 JOSE PEREZ BOARD MEMBER 0.62 1.88 X 0 0 0 KEITH GREENAWAY BOARD MEMBER (UNTIL 9/2022) 0.62 1.88 X 0 0 0 MARIA ANDRADE BOARD MEMBER 0.62 1.88 X 0 0 0 0 1148935 296743 0 0 1 0 0 822343 360206 205002 1387551 NOTE INTEREST 531190 46346 46346 PROGRAM SERVICE FEES 522292 5681 5681 52027 587 587 1440165 52027 0 587 X 768710 768710 5442 5442 287773 287773 12000 12000 12299 12299 33657 33657 1754 1754 GENERAL AND ADMINISTRAT 364843 364843 BAD DEBT EXPENSE 227413 227413 DUES/SUBSCRIPTIONS 5148 5148 MISCELLANEOUS 3372 3372 1722411 1357568 364843 0 43122 43122 17051 16843 151909 299940 599254 718646 1010026 889049 1821362 1967600 377 562348 463191 0 528018 562725 991209 X 801555 670749 457082 305642 1258637 976391 1821362 1967600 -282246 0 X X 0 1 X 1 1 1 X 592039 911562 1219155 1372930 1387551 5483237 592039 911562 1219155 1372930 1387551 5483237 5483237 182 262 122 120 587 1273 6444 1788 8232 5492742 381927 0.99830 0.99780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 NOTES RECEIVABLE 718646 C 718646 RESTRICTED DEPOSITS 889049 889049 DUE TO AFFILIATES 528018 528018 X PART X, LINE 2: DBNLF 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. DBNLF HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2022. 0 0 0 0 0 0 0 0 0 CHARLES MCVEA DIRECTOR OF FINANCE & ADMIN (UNTIL 1 0 207692 0 0 0 0 0 10385 0 38966 0 257043 0 0 BETH O'DONNELL DIRECTOR OF REAL ESTATE 0 180000 0 0 0 0 0 9000 0 31320 0 220320 0 0 KIMBERLY LYLE CHIEF EXECUTIVE OFFICER (AS OF 5/22) 0 177500 0 0 0 0 0 8875 0 27556 0 213931 0 0 PERRY NEWMAN CHIEF EXECUTIVE OFFICER (UNTIL 5/22) 0 168024 0 0 0 0 0 8401 0 22634 0 199059 0 0 TIMOTHY CAPLICE ASS. DIRECTOR OF ASSET MANAGEMENT 0 125000 0 0 0 0 0 6250 0 41204 0 172454 0 0 WILLIAM RIORDAN ACCOUNTING MANAGER 0 125000 0 0 0 0 0 6250 0 41024 0 172274 0 0 PART I, LINE 3 THE HUMAN RESOURCE DIRECTOR OF DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION USES MARKET DATA FROM RELEVANT PERSONNEL ALONG WITH INPUTS FROM OTHER COMPENSATION SPECIALISTS. FORM 990, PART VI, SECTION A, LINE 3 DORCHESTER BAY ECONOMIC DEVELOPEMENT CORP., A RELATED ORGANIZATION, PERFORMED ALL MANAGEMENT DUTIES FOR THE DORCHESTER BAY NEIGHBORHOOD LOAN FUND, INC. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN OFF ANNUALLY AS TO ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE LOAN FUND MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING AND OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 264,328. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 264,328. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 23,445. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,445. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED SINCE PRIOR YEAR. DORCHESTER BAY ECONOMIC DEVELOPMENT CORP 594 COLUMBIA ROAD DORCHESTER MA 02125 042681632 AFFORDABLE HOMES, COMMUNITY DEVELOPMENT MA 501(C)(3) LINE 7 DORCHESTER BAY ECONOMIC DEVELOPMENT CORP 0 DB HOUSING INC 594 COLUMBIA ROAD DORCHESTER MA 02125 223042334 LOW INCOME HOUSING DEVELOPMENT MA 501(C)(3) LINE 7 DORCHESTER BAY ECONOMIC DEVELOPMENT CORP 0 BOSTON HOMEOWNER SERVICES COLLABORATIVE 594 COLUMBIA ROAD DORCHESTER MA 02125 237420526 LENDING SERIVCES FOR LOW-INCOME PROJECTS MA 501(C)(3) LINE 10 DORCHESTER BAY ECONOMIC DEVELOPMENT CORP 0 INDIGO SUPPORT CORPORATION 594 COLUMBIA ROAD DORCHESTER MA 02125 842663787 LOW INCOME HOUSING DEVELOPMENT MA 501(C)(3) LINE 12D, III-O DORCHESTER BAY ECONOMIC DEVELOPMENT CORP 0 150 MAGNOLIA LP 594 COLUMBIA ROAD DORCHESTER MA 02125 043484374 OWNS 25 UNITS OF RESIDENTIAL REAL PROPERTY MA N/A N/A 0 0 BRUNSWICK HOLBORN TWO LP 594 COLUMBIA ROAD DORCHESTER MA 02125 203067463 OWNS 49 UNITS OF RESIDENTIAL REAL PROPERTY MA N/A N/A 0 0 CEYLON FIELD LP 594 COLUMBIA ROAD DORCHESTER MA 02125 043334774 OWNS 62 UNITS OF RESIDENTIAL REAL PROPERTY MA N/A N/A 0 0 COLUMBIA WOOD TWO LP 594 COLUMBIA ROAD DORCHESTER MA 02125 203067354 OWNS 49 UNITS OF RESIDENTIAL REAL PROPERTY MA N/A N/A 0 0 COTTAGE BROOK APARTMENTS LP 594 COLUMBIA ROAD DORCHESTER MA 02125 611766201 OWNS 147 UNITS OF RESIDENTIAL REAL PROPERTY MA N/A N/A 0 0 COTTAGE BROOK HOUSING LP 594 COLUMBIA ROAD DORCHESTER MA 02125 043154165 RESIDENTIAL REAL ESTATE MA N/A N/A 0 0 DB UPHAMS LP 594 COLUMBIA ROAD DORCHESTER MA 02125 043292805 OWNS 36 UNITS OF RESIDENTIAL REAL PROPERTY MA N/A N/A 0 0 DUDLEY TERRACE APARTMENTS LLC 594 COLUMBIA ROAD DORCHESTER MA 02125 364836696 OWNS 56 UNITS OF RESIDENTIAL REAL PROPERTY MA N/A N/A 0 0 DUDLEY VILLAGE NORTH COMMERCIAL LLC 594 COLUMBIA ROAD DORCHESTER MA 02125 205229648 COMMERCIAL REAL ESTATE MA N/A N/A 0 0 DUDLEY VILLAGE NORTH LP 594 COLUMBIA ROAD DORCHESTER MA 02125 205229416 OWNS 24 UNITS OF RESIDENTIAL REAL PROPERTY MA N/A N/A 0 0 DUDLEY VILLAGE SOUTH LP 594 COLUMBIA ROAD DORCHESTER MA 02125 205229881 OWNS 26 UNITS OF RESIDENTIAL REAL PROPERTY MA N/A N/A 0 0 GENEVA APARTMENTS LLC 594 COLUMBIA ROAD DORCHESTER MA 02125 371426384 RESIDENTIAL REAL ESTATE MA N/A N/A 0 0 GLENDALE ASSOCIATES LIMITED PARTNERSHIP 594 COLUMBIA ROAD DORCHESTER MA 02125 043052070 OWNS 134 UNITS OF RESIDENTIAL PROPERTY IN DORCHESTER MA N/A N/A 0 0 PIERCE PROPERTIES LIMITED PARTNERSHIP 594 COLUMBIA ROAD DORCHESTER MA 02125 043052070 COMMERCIAL REAL ESTATE MA N/A N/A 0 0 QUINCY HEIGHTS LP 594 COLUMBIA ROAD DORCHESTER MA 02125 263912482 RESIDENTIAL REAL ESTATE MA N/A N/A 0 0 WILDER GARDENS LP 594 COLUMBIA ROAD DORCHESTER MA 02125 043398950 OWNS 61 UNITS OF RESIDENTIAL REAL PROPERTY MA N/A N/A 0 0 DB PIERCE LLC 594 COLUMBIA ROAD DORCHESTER MA 02125 881544184 COMMERCIAL REAL ESTATE MA N/A N/A 0 0 150 MAGNOLIA CORP 594 COLUMBIA ROAD DORCHESTER MA 02125 043484373 PROJECT DEVELOPMENT MA N/A C 0 BRUNSWICK HOLBORN HOUSING INC 594 COLUMBIA ROAD DORCHESTER MA 02125 900191849 PROJECT DEVELOPMENT MA N/A C 0 CEYLON FIELD INC 594 COLUMBIA ROAD DORCHESTER MA 02125 043334774 PROJECT DEVELOPMENT MA N/A C 0 COLUMBIA WOOD HOUSING INC 594 COLUMBIA ROAD DORCHESTER MA 02125 900191847 PROJECT DEVELOPMENT MA N/A C 0 DB COTTAGE BROOK INC 594 COLUMBIA ROAD DORCHESTER MA 02125 474524739 PROJECT DEVELOPMENT MA N/A C 0 DB INDUSTRIAL INC 594 COLUMBIA ROAD DORCHESTER MA 02125 043251088 PROJECT DEVELOPMENT MA N/A C 0 DB UPHAMS INC 594 COLUMBIA ROAD DORCHESTER MA 02125 043292805 PROJECT DEVELOPMENT MA N/A C 0 DBCB HOUSING INC 594 COLUMBIA ROAD DORCHESTER MA 02125 043154374 PROJECT DEVELOPMENT MA N/A C 0 DORCHESTER BAY DEVELOPMENT CORPORATION 594 COLUMBIA ROAD DORCHESTER MA 02125 042808434 PROJECT DEVELOPMENT MA N/A C 0 DV NORTH HOUSING INC 594 COLUMBIA ROAD DORCHESTER MA 02125 205229648 PROJECT DEVELOPMENT MA N/A C 0 DV SOUTH HOUSING INC 594 COLUMBIA ROAD DORCHESTER MA 02125 205229749 PROJECT DEVELOPMENT MA N/A C 0 GLENDALE PROPERTIES INC 594 COLUMBIA ROAD DORCHESTER MA 02125 042960667 PROJECT DEVELOPMENT MA N/A C 0 QHI HOUSING INC 594 COLUMBIA ROAD DORCHESTER MA 02125 263931153 PROJECT DEVELOPMENT MA N/A C 0 SISTER CLARA MUHAMMED COOPERATIVE CORP 594 COLUMBIA ROAD DORCHESTER MA 02125 510444516 PROJECT DEVELOPMENT MA N/A C 0 WILDER GARDENS INC 594 COLUMBIA ROAD DORCHESTER MA 02125 043398787 PROJECT DEVELOPMENT MA N/A C 0 LEYLAND SENIOR HOUSING MANAGER LLC 594 COLUMBIA ROAD DORCHESTER MA 02125 873337091 PROJECT DEVELOPMENT MA N/A C 0 DB PIERCE MM LLC 594 COLUMBIA ROAD DORCHESTER MA 02125 880159034 PROJECT DEVELOPMENT MA N/A C 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0