Dorchester Bay Economic Development Corporation logo

Dorchester Bay Economic Development Corporation

Public charity · Grantmaker Dorchester, MA EIN: 04-2681632 Website

Dorchester Bay Economic Development Corporation acts to build a strong, thriving, and diverse community in boston's dorchester neighborhoods. Working closely with neighborhood residents and partners, we access resources to:-develop and preserve affordable home ownership and rental housing,-create and sustain commercial and economic development opportunities, and-build community power through organizing and leadership development.

Key facts about Dorchester Bay Economic Development Corporation

In short: Dorchester Bay Economic Development Corporation gave $20K across 2 grants in 2024 (avg $10K), mostly in Massachusetts. Source: 2024 IRS Form 990.

EIN
04-2681632
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$20,000
Grants made (2024)
2
Average grant
$10,000
Median grant
$10,000
Total assets
$55,147,532
Primary geography
Massachusetts (100% of itemized 2024 grant dollars)

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$55.1M

+2.2% YoY

Annual Giving

$20K

+100.0% YoY

Grant Count

2

+100.0% YoY

Avg Grant Size

$10K

+0.0% YoY

How Dorchester Bay Economic Development Corporation gives

  • Giving fell 60% from 2021 to 2024. Method

From the foundation's IRS Form 990 filings. Methodology.

About Dorchester Bay Economic Development Corporation

Based on IRS filings

Dorchester Bay Economic Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Dorchester, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $55.1M in total assets. In 2024, it awarded 2 grants totaling $20K. Net investment income was $306K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2024 grant dollars across all 2 itemized grants.

Cities

BostonDorchesterHyde Park

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K3 grants2020 1 grant2021 5 grants2022 1 grant2023 2 grants2024

From 2020 to 2024, annual grant giving ranged from $10K (2023) to $283K (2022). In 2024 it made 2 grants totaling $20K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Southwest Boston Community Development Corporation: $10KSouthwest Boston CommunityDevelopment Corporation$10KCodman Square Neighborhood Development Corporation: $10KCodman Square NeighborhoodDevelopment Corporation$10K

The largest 2024 recipient was Southwest Boston Community Development Corporation ($10K). Together the top 2 received $20K.

Grant Size Distribution

12 grants across all recorded years

7<$50K3$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 7 grants of 12 (58%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Southwest Boston Community Development Corporation Hyde Park, MAWorkforce Development$10,000
Codman Square Neighborhood Development Corporation Dorchester, MAWorkforce Development$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$5M$10M$15M$20M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$55,147,532$53,945,758$62,773,183
Revenue$7,247,140$12,593,252$10,163,285
Expenses$7,674,271$8,160,945$8,063,463
Net Investment Income$305,694$14,458$2,810

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS November 11, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS October 24, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Dorchester Bay Economic Development Corporation is led by Kimberly Lyle, Chief Executive Officer since 2022 (on filings since 2020); 7 of 22 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Kimberly Lyle

    Chief Executive Officer

    Director of Strategy & Impact → Chief Executive Officer, 2022

    On filings since 2020

    9.4 hrs/week

    $130K (2020) → $241K (2024)

  • Leighton Richardson

    Vice President & President

    Treasurer → Vice President, 2022

    Vice President → Vice President & President, 2024

    On filings since 2020

    0.6 hrs/week

    No compensation reported

  • Paul Black

    President

    Vice President → President, 2022

    On filings since 2020

    0.6 hrs/week

    No compensation reported

  • Samariah Batts-Speller

    Director of People & Culture

    On filings since 2023

    9.4 hrs/week

    $157K (2023) → $166K (2024)

  • Susan Chu

    Director of Real Estate Development

    Director of Real Estate → Director of Real Estate Development, 2024

    On filings since 2023

    9.4 hrs/week

    $155K (2023) → $181K (2024)

  • Sharat Anant Somashekara

    Director of Finance

    New on the 2024 filing

    9.4 hrs/week

    $122K (2024)

  • William Riordan

    Accounting Manager

    On filings since 2022

    9.4 hrs/week

    $125K (2022) → $134K (2024)

  • Brenda Guerra Segura

    Credit Officer & Portfolio Manager

    New on the 2024 filing

    9.4 hrs/week

    $136K (2024)

  • Shermaine Thompson

    Associate Director of Accounting

    New on the 2024 filing

    9.4 hrs/week

    $147K (2024)

  • An Duong

    Board Member

    On filings since 2020

    0.6 hrs/week

    No compensation reported

  • Brian Welch

    Treasurer

    Board Member → Treasurer, 2022

    On filings since 2020

    0.6 hrs/week

    No compensation reported

  • Derrick Bellinger

    Board Member

    On filings since 2020

    0.6 hrs/week

    No compensation reported

  • Eileen Kenner

    Board Member

    On filings since 2020

    0.6 hrs/week

    No compensation reported

  • Kristen Halbert

    Board Member

    On filings since 2020

    0.6 hrs/week

    No compensation reported

  • Lorraine Payne Wheeler

    Clerk

    Board Member → Clerk, 2022

    On filings since 2020

    0.6 hrs/week

    No compensation reported

  • Mary Walker

    Board Member

    On filings since 2020

    0.6 hrs/week

    No compensation reported

  • Phil Hillman

    Board Member

    On filings since 2020

    0.6 hrs/week

    No compensation reported

  • Ricky Ochilo

    Board Member

    On filings since 2020

    0.6 hrs/week

    No compensation reported

  • Rosalyn Johnson

    Board Member

    On filings since 2020

    0.6 hrs/week

    No compensation reported

  • Najah Wallace

    Vice President

    Board Member → Vice President, 2024

    On filings since 2022

    0.6 hrs/week

    No compensation reported

  • Angela Yarde

    Board Member

    New on the 2024 filing

    0.6 hrs/week

    No compensation reported

  • Damaris Amachree

    Board Member

    New on the 2024 filing

    0.6 hrs/week

    No compensation reported

Former officers (14)
  • Former: Daryl Wright (2020–2023) — Board Member
  • Former: Maria Andrade (2020–2023) — Board Member
  • Former: Jose Perez (2021–2023) — Board Member
  • Former: David Simmons (2022–2023) — Dir.of Finance & Administrator
  • Former: Paola Pelletier Ozuna (2023) — Chief of Staff
  • Former: Reginauld Williams (2023) — Director of Small Business
  • Former: Charles McVea (2020–2022) — Director of Finance & Administrator
  • Former: Keith Greenaway (2020–2022) — Board Member
  • Former: Perry Newman (2020–2022) — Chief Executive Officer
  • Former: Vincent Pina (2020–2022) — Director of Human Resources
  • Former: Timothy Caplice (2021–2022) — Ass. Director of Asset Management
  • Former: Beth O'Donnell (2022) — Director of Real Estate
  • Former: Keryn E. O'Donnell (2020–2021) — Director of Real Estate
  • Former: Alison Flores De Moronta (2021) — Director of Economic Development

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Kimberly Lyle — Chief Executive Officer: $241KKimberly LyleChief Executive Officer$241KSusan Chu — Director of Real Estate Development: $181KSusan ChuDirector of Real Estate…$181KSamariah Batts-Speller — Director of People & Culture: $166KSamariah Batts-SpellerDirector of People & Culture$166KShermaine Thompson — Associate Director of Accounting: $147KShermaine ThompsonAssociate Director of Accounting$147KBrenda Guerra Segura — Credit Officer / Portfolio Manager: $136KBrenda Guerra SeguraCredit Officer / Portfolio…$136KWilliam Riordan — Accounting Manager: $134KWilliam RiordanAccounting Manager$134KSharat Anant Somashekara — Director of Finance: $122KSharat Anant SomashekaraDirector of Finance$122K

The highest reported compensation on the 2024 filing was $241K, to Kimberly Lyle (Chief Executive Officer). 7 officers or directors reported compensation on that filing.

Frequently asked questions about Dorchester Bay Economic Development Corporation

How much does Dorchester Bay Economic Development Corporation give each year?

Dorchester Bay Economic Development Corporation gave $20K across 2 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $10K across 1 grant.

How large is Dorchester Bay Economic Development Corporation?

Dorchester Bay Economic Development Corporation reported $55.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $7.2M.

What is Dorchester Bay Economic Development Corporation?

Dorchester Bay Economic Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Dorchester, MA. It holds $55.1M in total assets as of 2024.

Where does Dorchester Bay Economic Development Corporation operate?

Dorchester Bay Economic Development Corporation has awarded grants in Massachusetts.

What is Dorchester Bay Economic Development Corporation's EIN?

Dorchester Bay Economic Development Corporation's EIN (Employer Identification Number) is 04-2681632. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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