DORCHESTER BAY NEIGHBORHOOD LOAN FUND INC

EIN: 043473587 501(c)(3) Community Improvement

DORCHESTER, MA

Total Revenue
$2,680,816
Total Expenses
$2,689,280
Total Assets
$2,731,263
Net Assets
$1,099,885
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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
MA
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.

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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 $2,500,588
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

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
14

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 0.62
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
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