EBCDC INC

EIN: 042755270 501(c)(3)

EAST BOSTON, MA

Total Revenue
$9,072,239
Total Expenses
$6,548,328
Total Assets
$70,180,587
Net Assets
$34,185,145
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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
SALVATORE COLOMBO
Phone
6175695590
Tax Period
2024-01-01 to 2024-12-31

EBCDC INC, founded in 1979, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 28% operating margin.

Mission

To assist the creation of affordable housing and economic development that benefits the residents of East Boston.

Program Service Accomplishments

Program 1
Expenses: $4,542,330 Revenue: $5,027,971

Assisted entities in East Boston in developing different projects to increase the stock of low and medium income affordable housing available to the residents of East Boston.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,260,063
Program Service Revenue $5,027,971
Investment Income $784,205
Other Revenue $0
TOTAL REVENUE $9,072,239

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,753,752
Fundraising Expenses $0
Program Expenses $4,542,330
Other Expenses $794,576
TOTAL EXPENSES $6,548,328

Year-over-Year Comparison

2024 2023 Change
Revenue $9,072,239 $6,792,963 +0.3%
Expenses $6,548,328 $6,473,629 +0.0%
Net Income $2,523,911 $319,334 +6.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
19
Employees
62
Volunteers
N/A

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
$372,991
Total Directors
20
$372,991
Key Employees
2
$854,102
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SALVATORE COLOMBO PRESIDENT 28.00
Officer Director
$352,450 $20,541 $372,991
KEMPTON FLEMMING CHAIRPERSON 1.00
Officer Director
$0 $0 $0
HERIBERTO MORALES VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
BLANCA AYALA TREASURER 1.00
Officer Director
$0 $0 $0
RITA INGERSOLL ASST. TREASURER 1.00
Officer Director
$0 $0 $0
RUTH CAPONE CLERK 1.00
Officer Director
$0 $0 $0
THOMAS BRIAND DIRECTOR 1.00
Director
$0 $0 $0
PASQUALE CORDISCO DIRECTOR 1.00
Director
$0 $0 $0
FRANCIS BIAGIOTTI DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH GARUFO DIRECTOR 1.00
Director
$0 $0 $0
ANNIERATHA SAING DIRECTOR 1.00
Director
$0 $0 $0
DONALD COVERDALE DIRECTOR 1.00
Director
$0 $0 $0
JOHN MAFFEO DIRECTOR 1.00
Director
$0 $0 $0
GLORIA RUIZ-AMAYA DIRECTOR 1.00
Director
$0 $0 $0
KATHLEEN ORLANDO DIRECTOR 1.00
Director
$0 $0 $0
BLANCA AYALA DIRECTOR 1.00
Director
$0 $0 $0
FRIDA SANCHEZ DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY PICARELLO DIRECTOR 1.00
Director
$0 $0 $0
JOHN MIGLIOZZI DIRECTOR 1.00
Director
$0 $0 $0
NICOLE BECKLES DIRECTOR 1.00
Director
$0 $0 $0
ALBERT CALDARELLI FORMER PRESIDENT 28.00
Key Emp
$526,198 $3,553 $529,751
ALBERT FESTA CHIEF OPERATING OFFICER 28.00
Key Emp
$306,953 $17,398 $324,351
CYNTHIA FRONDUTO CHIEF FINANCIAL OFFICER 35.00
Highest
$254,349 $34,379 $288,728
TANYA HAHNEL DIRECTOR OF REAL ESTATE 35.00
Highest
$168,077 $19,692 $187,769
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 $9,072,239 $6,548,328 $70,180,587 $2,523,911
2023 $6,792,963 $6,473,629 $63,331,704 $319,334
2022 $4,994,737 $4,962,301 $63,496,599 $32,436
2021 $4,262,747 $5,308,240 $58,217,013 $-1,045,493
2020 $5,731,904 $4,198,983 $57,895,739 $1,532,921
2019 $7,026,343 $3,927,486 $48,787,209 $3,098,857
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