2024-11-15T06:45:16-06:00 2023-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-01-01 043473587 DORCHESTER BAY NEIGHBORHOOD LOAN FUND INC DORC 6178254200 594 COLUMBIA ROAD DORCHESTER MA 02125 KIMBERLY LYLE CEO 6178254200 2024-11-14 1 1 MICHAEL PRUELL CPA P01585061 5083669100 2024-11-14 2023 2024-10-15 13:58:12Z KIMBERLY LYLE 594 COLUMBIA ROAD DORCHESTER MA 02125 2680816 0 X DBEDC.ORG X 1998 MA LENDING SERVICES FOR LOW-INCOME PROJECTS. 14 14 0 14 0 0 1387551 2500588 52027 149898 587 1474 0 28856 1440165 2680816 0 113400 0 0 0 0 0 0 0 1722411 2575880 1722411 2689280 -282246 -8464 1967600 2731263 991209 1631378 976391 1099885 LENDING SERVICES FOR LOW-INCOME PROJECTS. 0 0 1685252 113400 178754 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. 1685252 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 8 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X SHARAT SOMASHEKARA 6178254200 594 COLUMBIA ROAD DORCHESTER MA 02125 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 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 (UNTIL 1/2023) 0.62 1.88 X 0 0 0 MARIA ANDRADE BOARD MEMBER 0.62 2.13 X 0 0 0 DARYL WRIGHT BOARD MEMBER (UNTIL 12/2023) 0.62 2.13 X 0 0 0 KIMBERLY LYLE CHIEF EXECUTIVE OFFICER 9.35 28.15 X 0 200000 39784 DAVID SIMMONS DIR.OF FINANCE & ADMIN(UNTIL 9/23) 9.35 28.15 X 0 201634 51289 SUSAN CHU DIRECTOR OF REAL ESTATE 9.35 28.15 X 0 154833 33762 PAOLA PELLETIER OZUNA CHIEF OF STAFF 9.35 28.15 X 0 145308 44220 WILLIAM RIORDAN ACCOUNTING MANAGER 9.35 28.15 X 0 128100 50000 REGINAULD WILLIAMS DIRECTOR OF SMALL BUSINESS 9.35 28.15 X 0 109322 26487 SAMARIAH BATTS-SPELLER DIRECTOR OF PEOPLE & CULTURE 9.35 28.15 X 0 156750 27077 0 1095947 272619 0 0 1 0 0 2387871 112717 2500588 NOTE INTEREST 531190 104442 104442 PROGRAM SERVICE FEES 522292 45456 45456 149898 1474 1474 MISCELLANEOUS 900099 28856 28856 28856 2680816 178754 0 1474 113400 113400 863723 863723 450 450 58588 58588 11628 11628 76326 76326 66131 66131 7079 7079 GENERAL AND ADMINISTRAT 1004028 1004028 MISCELLANEOUS 286296 286296 BAD DEBT EXPENSE 179015 179015 DUES/SUBSCRIPTIONS 22616 22616 2689280 1685252 1004028 0 43122 16843 7504 299940 154967 718646 1864179 889049 704613 1967600 2731263 9343 463191 367454 528018 1254581 991209 1631378 X 670749 1099885 305642 0 976391 1099885 1967600 2731263 X -8464 131958 X X 0 1 X 1 1 1 X 911562 1219155 1372930 1387551 2500588 7391786 911562 1219155 1372930 1387551 2500588 7391786 7391786 262 122 120 587 1474 2565 1788 1788 7396139 525470 0.99940 0.99830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 NOTES RECEIVABLE 1864179 C 1864179 RESTRICTED DEPOSITS 704613 704613 DUE TO AFFILIATES 1254581 1254581 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, 2023. 0 CHARLES ADVISORY GROUP LLC 225 FRANKLIN STREET BOSTON MA 02210 922152233 10000 0 SMALL BUSINESS ASSISTANCE EAST COAST GAMING LLC 11 LOWING PLACE HYDE PARK MA 02136 900954448 10000 0 SMALL BUSINESS ASSISTANCE EMMA CORPORATION 272 ADAMS STREET DORCHESTER MA 02122 7500 0 SMALL BUSINESS ASSISTANCE GENELYS FAMILY CHILD CARE 22 CLIVE STREET JAMACIA PLAIN MA 02130 874785504 10000 0 SMALL BUSINESS ASSISTANCE CLASIC WINDOW SPECIALISTS 197 DURELL STREET BOSTON MA 02131 262879909 7500 0 SMALL BUSINESS ASSISTANCE TOP WASH INC 1712 DORCHESTER AVE DORCHESTER MA 02129 931568451 7500 0 SMALL BUSINESS ASSISTANCE JAMACIA MI HUNGRY 225 CENTERE STREET BOSTON MA 02119 455561874 7500 0 SMALL BUSINESS ASSISTANCE BLACK OWNED BOS LLC 623 TREMONT STREET BOSTON MA 02118 852480956 10000 0 SMALL BUSINESS ASSISTANCE THE TEA SPA 103 BABSON STREET MATTAPAN MA 02126 834648768 10000 0 SMALL BUSINESS ASSISTANCE LAZY BEAR CREAMARY 383 NEPONSET AVE DORCHESTER MA 02122 873706738 7500 0 SMALL BUSINESS ASSISTANCE DACOSTA CONSTRUCTION 32 GARFIELD STREET TAUNTON MA 02780 352757272 5900 0 SMALL BUSINESS ASSISTANCE UPHAMS CORNER MAIN STREET 545 COLUMBIA ROAD DORCHESTER MA 02125 15000 0 SMALL BUSINESS ASSISTANCE 12 0 0 0 0 0 0 0 0 0 DAVID SIMMONS DIR.OF FINANCE & ADMIN(UNTIL 9/23) 0 201634 0 0 0 0 0 8103 0 43186 0 252923 0 0 KIMBERLY LYLE CHIEF EXECUTIVE OFFICER 0 200000 0 0 0 0 0 10000 0 29784 0 239784 0 0 PAOLA PELLETIER OZUNA CHIEF OF STAFF 0 145308 0 0 0 0 0 7265 0 36955 0 189528 0 0 SUSAN CHU DIRECTOR OF REAL ESTATE 0 154833 0 0 0 0 0 7742 0 26020 0 188595 0 0 SAMARIAH BATTS-SPELLER DIRECTOR OF PEOPLE & CULTURE 0 156750 0 0 0 0 0 7838 0 19239 0 183827 0 0 WILLIAM RIORDAN ACCOUNTING MANAGER 0 128100 0 0 0 0 0 6405 0 43595 0 178100 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 XI, LINE 9: CUMULATIVE EFFECT OF ASU ADOPTION 131,958. 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 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 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 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