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
Among its reported 2024 grants, the largest include Southwest Boston Community Development Corporation ($10,000), Codman Square Neighborhood Development Corporation ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SOUTHWEST BOSTON COMMUNITY DEVELOPMENT CORPORATION HYDE PARK, MA | WORKFORCE DEVELOPMENT | $10,000 |
| CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION DORCHESTER, MA | WORKFORCE DEVELOPMENT | $10,000 |
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
Frequently Asked Questions
What is Dorchester Bay Economic Development?
Dorchester Bay Economic Development is a nonprofit organization focused on Community Improvement & Capacity Building, based in DORCHESTER, MA. It holds $55.1M in total assets as of 2024.
How large is Dorchester Bay Economic Development?
As of 2024, Dorchester Bay Economic Development holds $55.1M in total assets with $7.2M in annual revenue. It awarded 2 grants totaling $20K in 2024.
Where does Dorchester Bay Economic Development operate?
Dorchester Bay Economic Development has awarded grants in Massachusetts.
What size grants does Dorchester Bay Economic Development award?
In 2024, Dorchester Bay Economic Development awarded 2 grants totaling $20K — an average of about $10K per grant, based on its IRS Form 990 filings.
What is Dorchester Bay Economic Development's EIN?
Dorchester Bay Economic Development's EIN (Employer Identification Number) is 04-2681632. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Dorchester Bay Economic Development'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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