BCLF VENTURES INC

EIN: 043246552 501(c)(3) Housing & Shelter

BOSTON, MA

Total Revenue
$5,841,242
Total Expenses
$5,315,539
Total Assets
$82,525,458
Net Assets
$31,554,290
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
MA
Principal Officer
LISA ZAPPALA
Phone
6174278600
Tax Period
2023-01-01 to 2023-12-31

BCLF VENTURES INC, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $5.8M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $5.3M left a modest 9% surplus.

Mission

COMMUNITY VENTURE CAPITAL

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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 $0
Program Service Revenue $4,805,790
Investment Income $853,489
Other Revenue $181,963
TOTAL REVENUE $5,841,242

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,109,013
Fundraising Expenses $0
Program Expenses $4,505,398
Other Expenses $3,206,526
TOTAL EXPENSES $5,315,539

Year-over-Year Comparison

2023 2022 Change
Revenue $5,841,242 $7,927,140 -0.3%
Expenses $5,315,539 $5,502,240 0.0%
Net Income $525,703 $2,424,900 -0.8%
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
11
Independent Members
9
Employees
51
Volunteers
9

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
$2,064,360
Total Directors
11
$1,598,897
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELYSE CHERRY CEO & EX-OFFICIO BOARD MEMBER 16.00
Officer Director
$388,497 $117,866 $1,089,108
DEWITT JONES EXECUTIVE VP & EX-OFFICIO 0.00
Officer Director
$0 $83,792 $509,789
CHARLES CLARK CHAIRMAN OF THE BOARD 1.00
Officer Director
$0 $0 $0
REV JAMES WALSH SJ CLERK OF THE BOARD 1.00
Officer Director
$0 $0 $0
SARAH C LINCOLN TREASURER OF THE BOARD 1.00
Officer Director
$0 $0 $0
JULIE GOULD BOARD MEMBER 1.00
Director
$0 $0 $0
MARIA MAFFEI BOARD MEMBER 1.00
Director
$0 $0 $0
VICTOR R RIVERA BOARD MEMBER 1.00
Director
$0 $0 $0
MERCEDES TOMPKINS BOARD MEMBER 1.00
Director
$0 $0 $0
REESE FAYDE BOARD MEMBER 1.00
Director
$0 $0 $0
EDWARD DUGGER III BOARD MEMBER 1.00
Director
$0 $0 $0
LISA ZAPPALA CHIEF FINANCIAL OFFICER 8.00
Officer
$81,511 $57,904 $465,463
E MATTHEW GAUTIERI SVP, CONTROLLER 6.00
Highest
$34,690 $85,009 $316,275
KATHRYN MCHUGH SVP, COMMERCIAL LENDING 0.00
Highest
$0 $45,427 $363,510
ANDREW KOH SVP, OPERATIONS 0.00
Highest
$0 $91,894 $303,358
MICHAEL NILLES SVP, COMMERCIAL LENDING, TEAM LEADER 0.00
Highest
$0 $44,274 $322,773
BRENDA LOYA CHIEF OPERATING OFFICER 0.00
Highest
$0 $41,330 $286,866
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 $5,841,242 $5,315,539 $82,525,458 $525,703
2022 $7,927,140 $5,502,240 $91,889,237 $2,424,900
2021 $7,116,147 $5,999,892 $104,642,516 $1,116,255
2020 $9,107,552 $6,189,196 $107,589,450 $2,918,356
2019 $9,250,974 $6,966,564 $107,082,477 $2,284,410
2018 $9,189,869 $6,504,991 $96,966,833 $2,684,878
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