Dorchester Bay Economic Development
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.
Financial Overview
From 2024 IRS Form 990-PF · 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
About Dorchester Bay Economic Development
Based on IRS filings
Dorchester Bay Economic Development is a nonprofit organization 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.
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 | $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 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $305,694 | $14,458 | $2,810 |
| 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 2 recipients in 2024
Grant Size Distribution
12 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 |
|---|---|---|---|
| PAUL BLACK | PRESIDENT (UNTIL 4/2024) | 0.63 | — |
| LEIGHTON RICHARDSON | VICE PRESIDENT(UNTIL 4/24)/PRESIDENT | 0.63 | — |
| NAJAH WALLACE | VICE PRESIDENT (AS OF 4/2024) | 0.63 | — |
| BRIAN WELCH | TREASURER | 0.63 | — |
| LORRAINE PAYNE WHEELER | CLERK | 0.63 | — |
| PHIL HILLMAN | BOARD MEMBER | 0.63 | — |
| MARY WALKER | BOARD MEMBER | 0.63 | — |
| EILEEN KENNER | BOARD MEMBER | 0.63 | — |
| ROSALYN JOHNSON | BOARD MEMBER | 0.63 | — |
| AN DUONG | BOARD MEMBER | 0.63 | — |
| RICKY OCHILO | BOARD MEMBER | 0.63 | — |
| KRISTEN HALBERT | BOARD MEMBER | 0.63 | — |
| ANGELA YARDE | BOARD MEMBER | 0.63 | — |
| DAMARIS AMACHREE | BOARD MEMBER | 0.63 | — |
| DERRICK BELLINGER | BOARD MEMBER (UNTIL 4/2024) | 0.63 | — |
| KIMBERLY LYLE | CHIEF EXECUTIVE OFFICER | 9.35 | $240,750 |
| SHARAT ANANT SOMASHEKARA | DIRECTOR OF FINANCE | 9.35 | $122,417 |
| SUSAN CHU | DIRECTOR OF REAL ESTATE DEVELOPMENT | 9.35 | $181,003 |
| SHERMAINE THOMPSON | ASSOCIATE DIRECTOR OF ACCOUNTING | 9.35 | $146,589 |
| WILLIAM RIORDAN | ACCOUNTING MANAGER | 9.35 | $133,700 |
| BRENDA GUERRA SEGURA | CREDIT OFFICER / PORTFOLIO MANAGER | 9.35 | $135,960 |
| SAMARIAH BATTS-SPELLER | DIRECTOR OF PEOPLE & CULTURE | 9.35 | $166,041 |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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