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.
Boston Local Development Corporation at a glance
In short: Boston Local Development Corporation gave $474K across 4 grants in 2025 (avg $119K), mostly in Massachusetts. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $474,218
- -40.2% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $118,555
- -40.2% vs 2024
- Median grant
- $107,959
- Total assets
- $8,788,042
- +10.8% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Boston Local Development Corporation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Economic Development and Industrial Corporationboston ($474K across 4 grants).
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 6 grants of 18 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How Boston Local Development Corporation gives
- Giving held roughly steady from 2022 to 2025 (−15%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $277K (2023) to $793K (2024). In 2025 it made 4 grants totaling $474K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Economic Development and Industrial Corporationboston Boston, MA | Financial Opportunity Center | $170,800 |
| Economic Development and Industrial Corporationboston Boston, MA | Powercorp | $125,918 |
| Economic Development and Industrial Corporationboston Boston, MA | Earned Income Tax Credit Program | $90,000 |
| Economic Development and Industrial Corporationboston Boston, MA | Office of Workforce Development | $87,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $8,788,042 | $1,981,160 | $1,092,590 | $474,218 | 4 | $41,893 |
| 2024 | $7,934,873 | $1,726,871 | $1,239,278 | $792,657 | 4 | $7,843 |
| 2023 | $7,670,777 | $1,971,693 | $615,592 | $276,815 | 5 | $4,794 |
| 2022 | $6,574,456 | $1,383,525 | $1,013,356 | $557,555 | 2 | $333 |
| 2021 | $6,000,512 | $895,678 | $680,204 | $392,933 | 3 | $4,991 |
| 2020 | $5,711,478 | $830,755 | $1,203,777 | $741,185 | 3 | $403 |
About Boston Local Development Corporation
Based on IRS filings
Boston Local Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Boston, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $8.8M in total assets. In 2025, it awarded 4 grants totaling $474K. Net investment income was $42K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Boston Local Development Corporation is led by John E. Marston, President on every filing since 2020; none of the 14 officers listed in 2025 report compensation.
Officers on the 2025 filing
John E. Marston
President
On filings since 2020
2 hrs/week
No compensation reported
E. Renee Lefevre
Trustee
Vice President → Trustee, 2024
On filings since 2020
1 hr/week
No compensation reported
Frank L. Davis III
Trustee
On filings since 2020
1 hr/week
No compensation reported
Marijo McCarthy Esq.
Trustee
On filings since 2020
1 hr/week
No compensation reported
Marvin E. Gilmore
Trustee
On filings since 2020
1 hr/week
No compensation reported
Michael F. Burke Esq.
Trustee
On filings since 2020
1 hr/week
No compensation reported
Reginald A. Nunnally
Trustee
On filings since 2020
1 hr/week
No compensation reported
Kathleen A. Kelly
Trustee
On filings since 2022
1 hr/week
No compensation reported
Tim Mathis
Interim Director of Finance
New on the 2025 filing
1 hr/week
No compensation reported
Gisella Soriano
Senior Manager for Small Busi
Assistant Clerk → Senior Manager for Small Business & Corporate Financing, 2024
Senior Manager for Small Business & Corporate Financing → Senior Manager for Small Busi, 2025
On filings since 2020
35 hrs/week
No compensation reported
William P. Nickerson
General Manager
Senior Finance Manager → General Manager, 2021
On filings since 2020
17.5 hrs/week
No compensation reported
Amina Scott
Treasurer
On filings since 2023
1 hr/week
No compensation reported
Lisa Herrington
General Counsel
Bpda Interim General Counsel → General Counsel, 2024
On filings since 2023
1 hr/week
No compensation reported
Segun Idowu
Vice President
On filings since 2024
2 hrs/week
No compensation reported
Former officers (6)
- Former: Linda Qian (2021–2024) — Controller
- Former: Josefina B. Silva (2020–2022) — Trustee
- Former: Partigul Halik (2022) — Senior Accountant
- Former: Brian Connolly (2020–2021) — Former Treasurer
- Former: Eileen Brophy (2020) — Clerk
- Former: Robert Luisi (2020) — Former Treasurer
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Boston Local Development Corporation
How much does Boston Local Development Corporation give each year?
Boston Local Development Corporation gave $474K across 4 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $793K across 4 grants.
What is Boston Local Development Corporation's typical grant size?
Boston Local Development Corporation's median grant in 2025 was $107,959, and its average grant was $118,555, across 4 grants on its 2025 IRS Form 990.
Where does Boston Local Development Corporation give grants?
Boston Local Development Corporation gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Boston, MA (4 grants).
Does Boston Local Development Corporation give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Boston Local Development Corporation's 2025 IRS Form 990 were described as general or operating support.
How large is Boston Local Development Corporation?
Boston Local Development Corporation reported $8.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.0M.
What is Boston Local Development Corporation?
Boston Local Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Boston, MA. It holds $8.8M in total assets as of 2025.
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS April 14, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS April 26, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS April 26, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS April 29, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 5, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 7, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Boston Local Development Corporation funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
- Leveling-Up Award $1,000 · Due October 25, 2026
- Arnold F. Keller, Jr. Grant for New Initiatives/Program Expansion $25,000 · Due October 27, 2026
- Wausau Marathon County Impact Grants (Community Foundation of North Central Wisconsin) $1,000 to $100,000 depending on the scope of the project · Due October 27, 2026
Explore Open Grants
Browse active grant opportunities in Boston Local Development Corporation's focus areas in our free grants database
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