Boston Local Development Corporation
TO BENEFIT THE COMMUNITY BY FOSTERING INCREASED EMPLOYMENT OPPORTUNITIES AND EXPANSION OF BUSINESS AND INDUSTRY FOR THE CITIZENS OF THE CITY OF BOSTON. BLDC ACCOMPLISHES THIS BY PROVIDING LONG-TERM FINANCING TO FIRMS AND COMPANIES LOCATED IN THE CITY OF BOSTON, MASSACHUSETTS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.9M
+3.4% YoY
Annual Giving
$793K
+186.3% YoY
Grant Count
4
-20.0% YoY
Avg Grant Size
$198K
+257.9% YoY
About Boston Local Development Corporation
Based on IRS filings
Boston Local Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.9M in total assets. In 2024, it awarded 4 grants totaling $793K. Net investment income was $8K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,934,873 | $7,670,777 | $6,574,456 |
| Revenue | $1,726,871 | $1,971,693 | $1,383,525 |
| Expenses | $1,239,278 | $615,592 | $1,013,356 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $7,843 | $4,794 | $333 |
| 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 4 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Economic Development and Industrial Corporationboston ($342,022), Economic Development and Industrial Corporationboston ($321,000), Economic Development and Industrial Corporationboston ($112,237).
| Recipient | Purpose | Amount |
|---|---|---|
| ECONOMIC DEVELOPMENT AND INDUSTRIAL CORPORATIONBOSTON BOSTON, MA | READ BOSTON PROGRAM | $17,398 |
| ECONOMIC DEVELOPMENT AND INDUSTRIAL CORPORATIONBOSTON BOSTON, MA | FINANCIAL OPPORTUNITY CENTER | $321,000 |
| ECONOMIC DEVELOPMENT AND INDUSTRIAL CORPORATIONBOSTON BOSTON, MA | EARNED INCOME TAX CREDIT PROGRAM | $112,237 |
| ECONOMIC DEVELOPMENT AND INDUSTRIAL CORPORATIONBOSTON BOSTON, MA | POWERCORP | $342,022 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN E MARSTON | PRESIDENT | 2 | — |
| SEGUN IDOWU | VICE PRESIDENT | 2 | — |
| MICHAEL F BURKE ESQ | TRUSTEE | 1 | — |
| FRANK L DAVIS III | TRUSTEE | 1 | — |
| MARVIN E GILMORE | TRUSTEE | 1 | — |
| REGINALD A NUNNALLY | TRUSTEE | 1 | — |
| MARIJO MCCARTHY ESQ | TRUSTEE | 1 | — |
| KATHLEEN A KELLY | TRUSTEE | 1 | — |
| E RENEE LEFEVRE | TRUSTEE | 1 | — |
| LISA HERRINGTON | GENERAL COUNSEL | 1 | — |
| GISELLA SORIANO | SR. MANAGER FOR SMALL BUSINESS/CORPORATE FINANCING | 35 | — |
| WILLIAM P NICKERSON | GENERAL MANAGER | 17.5 | — |
| AMINA SCOTT | TREASURER | 1 | — |
| LINDA QIAN | CONTROLLER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Boston Local Development Corporation?
Boston Local Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in BOSTON, MA. It holds $7.9M in total assets as of 2024.
How large is Boston Local Development Corporation?
As of 2024, Boston Local Development Corporation holds $7.9M in total assets with $1.7M in annual revenue. It awarded 4 grants totaling $793K in 2024.
Where does Boston Local Development Corporation operate?
Boston Local Development Corporation has awarded grants in Massachusetts.
What size grants does Boston Local Development Corporation award?
In 2024, Boston Local Development Corporation awarded 4 grants totaling $793K — an average of about $198K per grant, based on its IRS Form 990 filings.
What is Boston Local Development Corporation's EIN?
Boston Local Development Corporation's EIN (Employer Identification Number) is 04-2681311. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Boston Local Development Corporation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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