DORCHESTER BAY NEIGHBORHOOD LOAN F… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

KIMBERLY LYLE

Phone

6178254200

Tax Period

2023-01-01 to 2023-12-31

DORCHESTER BAY NEIGHBORHOOD LOAN FUND INC, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 86% from the prior year, signaling strong growth momentum.

Mission

LENDING SERVICES FOR LOW-INCOME PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $1,685,252 Revenue: $178,754

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...

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.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,500,588

Program Service Revenue $149,898

Investment Income $1,474

Other Revenue $28,856

TOTAL REVENUE $2,680,816

Expense Breakdown

Grants Paid $113,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,685,252

Other Expenses $2,575,880

TOTAL EXPENSES $2,689,280

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,680,816	$1,440,165	+0.9%
Expenses	$2,689,280	$1,722,411	+0.6%
Net Income	$-8,464	$-282,246	-1.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$492,707

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BLACK	PRESIDENT	0.62	Officer Director	$0	$0	$0
LEIGHTON RICHARDSON	VICE PRESIDENT	0.62	Officer Director	$0	$0	$0
BRIAN WELCH	TREASURER	0.62	Officer Director	$0	$0	$0
LORRAINE PAYNE WHEELER	CLERK	0.62	Officer Director	$0	$0	$0
PHIL HILLMAN	BOARD MEMBER	0.62	Director	$0	$0	$0
MARY WALKER	BOARD MEMBER	0.62	Director	$0	$0	$0
EILEEN KENNER	BOARD MEMBER	0.62	Director	$0	$0	$0
ROSALYN JOHNSON	BOARD MEMBER	0.62	Director	$0	$0	$0
AN DUONG	BOARD MEMBER	0.62	Director	$0	$0	$0
RICKY OCHILO	BOARD MEMBER	0.62	Director	$0	$0	$0
DERRICK BELLINGER	BOARD MEMBER	0.62	Director	$0	$0	$0
KRISTEN HALBERT	BOARD MEMBER	0.62	Director	$0	$0	$0
NAJAH WALLACE	BOARD MEMBER	0.62	Director	$0	$0	$0
JOSE PEREZ	BOARD MEMBER (UNTIL 1/2023)	0.62	Director	$0	$0	$0
MARIA ANDRADE	BOARD MEMBER	0.62	Director	$0	$0	$0
DARYL WRIGHT	BOARD MEMBER (UNTIL 12/2023)	0.62	Director	$0	$0	$0
KIMBERLY LYLE	CHIEF EXECUTIVE OFFICER	9.35	Officer	$0	$39,784	$239,784
DAVID SIMMONS	DIR.OF FINANCE & ADMIN(UNTIL 9/23)	9.35	Officer	$0	$51,289	$252,923
SUSAN CHU	DIRECTOR OF REAL ESTATE	9.35	Highest	$0	$33,762	$188,595
PAOLA PELLETIER OZUNA	CHIEF OF STAFF	9.35	Highest	$0	$44,220	$189,528
WILLIAM RIORDAN	ACCOUNTING MANAGER	9.35	Highest	$0	$50,000	$178,100
REGINAULD WILLIAMS	DIRECTOR OF SMALL BUSINESS	9.35	Highest	$0	$26,487	$135,809
SAMARIAH BATTS-SPELLER	DIRECTOR OF PEOPLE & CULTURE	9.35	Highest	$0	$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	$2,680,816	$2,689,280	$2,731,263	$-8,464
2022	$1,440,165	$1,722,411	$1,967,600	$-282,246
2021	$1,554,438	$1,135,492	$1,821,362	$418,946
2020	$1,282,201	$1,318,102	$1,500,374	$-35,901
2019	$963,989	$838,860	$1,334,497	$125,129
2018	$627,432	$595,705	$1,362,336	$31,727

DORCHESTER BAY NEIGHBORHOOD LOAN FUND INC