Bay Colony Development Corp
IT IS BCDC'S MISSION TO BE THE LENDER OF CHOICE FOR SMALL BUSINESSES, BY INVESTING RESOURCES; BOTH MONETARILY AND PROFESSIONALLY, THAT OFFER CREATIVE FINANCING SOLUTIONS TO PROVIDE POSITIVE ECONOMIC IMPACT WITHIN THE COMMUNITIES WE SERVE.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.3M
+20.5% YoY
Annual Giving
$50K
+66.7% YoY
Grant Count
9
+80.0% YoY
Avg Grant Size
$6K
-7.4% YoY
About Bay Colony Development Corp
Based on IRS filings
Bay Colony Development Corp is a nonprofit organization, based in WALTHAM, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.3M in total assets. In 2024, it awarded 9 grants totaling $50K. Net investment income was $143K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,320,645 | $4,414,025 | $3,401,192 |
| Revenue | $5,023,750 | $4,591,941 | $4,128,330 |
| Expenses | $4,144,965 | $3,962,002 | $3,908,557 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $142,741 | $95,180 | $4,489 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
28 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES HEALEY | DIRECTOR | 5 | $14,000 |
| NINA LUCHKA | DIRECTOR | 2 | $5,000 |
| REBECCA DEWOLFE | CHAIRWOMAN | 7 | $14,000 |
| RICHARD LEFFERTS | DIRECTOR | 4 | $7,000 |
| SCOTT VANDERSALL | VICE CHAIRMAN | 5 | $14,000 |
| TIMOTHY FAHEY | DIRECTOR | 2 | $18,000 |
| WILLIAM CANTOR | DIRECTOR | 2 | $5,000 |
| MARY KATHERINE MANSFIELD | PRESIDENT AND CEO | 40 | $345,223 |
| GEORGE BERBECO | DIRECTOR UNTIL 03/24 | 2 | $5,000 |
| BETTY ULE | CFO | 40 | $188,014 |
| COLLEEN MURPHY GUARNIERI | VP CLOSING | 40 | $114,801 |
| DANIELLE BOUTIN | VP UNDERWRITING | 40 | $126,510 |
| EBERTO RANERO | SVP MARKETING | 40 | $207,745 |
| ERIK ADAMS | EXECUTIVE VP / SVP MARKETING | 40 | $362,298 |
| HEATHER STORME | VP MARKETING | 40 | $207,063 |
| KIMBERLY LEGERE | VP SERVICING | 40 | $140,530 |
| LAURA BROWN | VP MARKETING | 40 | $196,176 |
| ROSEMARIE FINN | VP UNDERWRITING | 40 | $154,324 |
| MELINDA BATOR | VP UNDERWRITING | 40 | $121,220 |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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