DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

EIN: 042681632 501(c)(3) Community Improvement

DORCHESTER, MA

Total Revenue
$12,593,252
Total Expenses
$8,160,945
Total Assets
$53,945,758
Net Assets
$24,294,452
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
MA
Principal Officer
KIMBERLY LYLE
Phone
6178254200
Tax Period
2023-01-01 to 2023-12-31

DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION, founded in 1979, is a mid-sized nonprofit in the Community Improvement sector that reported $12.6M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 35% operating margin.

Mission

DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION ACTS TO BUILD A STRONG, THRIVING, AND DIVERSE COMMUNITY IN BOSTON'S DORCHESTER NEIGHBORHOODS. WORKING CLOSELY WITH NEIGHBORHOODS, RESIDENTS, BUSINESSES AND PARTNERS, WE ACCESS RESOURCES TO:-DEVELOP AND PRESERVE HOME OWNERSHIP AND RENTAL HOUSING ACROSS INCOME LEVELS-CREATE AND SUSTAIN ECONOMIC DEVELOPMENT OPPORTUNITIES FOR BUSINESSES AND INDIVIDUALS-BUILD COMMUNITY THROUGH ORGANIZING, CIVIC ENGAGEMENTS, AND LEADERSHIP DEVELOPMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,110,027
Program Service Revenue $4,610,443
Investment Income $14,458
Other Revenue $5,858,324
TOTAL REVENUE $12,593,252

Expense Breakdown

Grants Paid $32,475
Salaries & Benefits $2,608,057
Fundraising Expenses $2,238,495
Program Expenses $4,763,560
Other Expenses $5,520,413
TOTAL EXPENSES $8,160,945

Year-over-Year Comparison

2023 2022 Change
Revenue $12,593,252 $10,163,285 +0.2%
Expenses $8,160,945 $8,063,463 +0.0%
Net Income $4,432,307 $2,099,822 +1.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
14
Employees
46
Volunteers
50

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$492,707
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL BLACK PRESIDENT 0.63
Officer Director
$0 $0 $0
LEIGHTON RICHARDSON VICE PRESIDENT 0.63
Officer Director
$0 $0 $0
BRIAN WELCH TREASURER 0.63
Officer Director
$0 $0 $0
LORRAINE PAYNE WHEELER CLERK 0.63
Officer Director
$0 $0 $0
MARIA ANDRADE BOARD MEMBER 0.63
Director
$0 $0 $0
PHIL HILLMAN BOARD MEMBER 0.63
Director
$0 $0 $0
MARY WALKER BOARD MEMBER 0.63
Director
$0 $0 $0
EILEEN KENNER BOARD MEMBER 0.63
Director
$0 $0 $0
ROSALYN JOHNSON BOARD MEMBER 0.63
Director
$0 $0 $0
AN DUONG BOARD MEMBER 0.63
Director
$0 $0 $0
RICKY OCHILO BOARD MEMBER 0.63
Director
$0 $0 $0
DERRICK BELLINGER BOARD MEMBER 0.63
Director
$0 $0 $0
KRISTEN HALBERT BOARD MEMBER 0.63
Director
$0 $0 $0
NAJAH WALLACE BOARD MEMBER 0.63
Director
$0 $0 $0
JOSE PEREZ BOARD MEMBER (UNTIL 1/2023) 0.63
Director
$0 $0 $0
DARYL WRIGHT BOARD MEMBER (UNTIL 12/2023) 0.63
Director
$0 $0 $0
KIMBERLY LYLE CHIEF EXECUTIVE OFFICER 9.35
Officer
$200,000 $39,784 $239,784
DAVID SIMMONS DIR.OF FINANCE & ADMIN(UNTIL 9/23) 9.35
Officer
$201,634 $51,289 $252,923
SUSAN CHU DIRECTOR OF REAL ESTATE 9.35
Highest
$154,833 $33,762 $188,595
PAOLA PELLETIER OZUNA CHIEF OF STAFF 9.35
Highest
$145,308 $44,220 $189,528
WILLIAM RIORDAN ACCOUNTING MANAGER 9.35
Highest
$128,100 $50,000 $178,100
REGINAULD WILLIAMS DIRECTOR OF SMALL BUSINESS 9.35
Highest
$109,322 $26,487 $135,809
SAMARIAH BATTS-SPELLER DIRECTOR OF PEOPLE & CULTURE 9.35
Highest
$156,750 $27,077 $183,827
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $12,593,252 $8,160,945 $53,945,758 $4,432,307
2022 $10,163,285 $8,063,463 $62,773,183 $2,099,822
2021 $16,286,134 $6,609,360 $50,118,730 $9,676,774
2020 $8,874,530 $7,249,188 $60,116,092 $1,625,342
2019 $12,026,671 $5,383,799 $43,110,084 $6,642,872
2018 $5,073,309 $4,704,257 $22,881,236 $369,052
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