DORCHESTER, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
DORCHESTER 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.
COMMUNITY SERVICES:OUR COMMUNITY SERVICES INCLUDE TENANT ORGANIZING WHICH BRINGS TOGETHER ACTIVE TENANTS TO PROMOTE LEADERSHIP AND TACKLE CRITICAL ISSUES. WITHIN OUR ORGANIZING EFFORTS, PROGRAMS...
COMMUNITY 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.
PROJECT 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...
PROJECT 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 2021 WE COMPLETED CONSTRUCTION ON A 90-UNIT RESIDENTIAL PROJECT (INDIGO BLOCK) AND A $12,000,000 COMMERCIAL PROJECT. IN 2021 WE STARTED CONSTRUCTION ON A HISTORIC PROJECT (PIERCE) AND COMPLETED CONSTRUCTION IN 2022 FOR A TOTAL COST OF $13,700,000. IN 2022, CONSTRUCTION CONTINUED FOR LEYLAND STREET WHICH IS CONVERTING A 13,000 SQUARE FOOT PROPERTY INTO A 42,000 SQUARE FOOT, 42-UNIT AFFORDABLE HOUSING SENIOR HOUSING BUILDING.
LOAN 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...
LOAN 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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION with other nonprofits in Massachusetts and across the country.