Nonprofit · EIN 04-3473587
DORCHESTER BAY NIEGHBORHOOD LOAN FUND INC
Tax-exempt · DORCHESTER, MA 02125
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,845,545 | $2,215,844 | -$370,299 | $3,085,359 | $2,355,773 | $729,586 |
| December 31, 2023 | 990 | $2,680,816 | $2,689,280 | -$8,464 | $2,731,263 | $1,631,378 | $1,099,885 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,697,944
- of which government grants
- $346,039
- Program service revenue
- $140,964
- Investment income
- $3,017
- Other revenue
- $3,620
Expenses
- Grants and similar amounts paid
- $205,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $4,977
- Accounting fees
- $17,827
- Travel
- $2,873
- Program services (functional)
- $1,614,295
- Management and general (functional)
- $601,549
Balance sheet and other
- Total assets, start of year
- $2,731,263
- Total assets, end of year
- $3,085,359
- Total liabilities, end of year
- $2,355,773
- Net assets, end of year
- $729,586
- Net assets without donor restrictions
- $646,253
- Net assets with donor restrictions
- $83,333
- Gross receipts
- $1,845,545
- Employees
- 0
- Volunteers
- 13
- Year formed
- 1998
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KIMBERLY LYLE | CHIEF EXECUTIVE OFFICER Officer | 9.35 | $0 | $240,750 | $43,962 |
| SUSAN CHU | DIRECTOR OF REAL ESTATE DEVELOPMENT Highest-paid employee | 9.35 | $0 | $181,003 | $37,496 |
| SAMARIAH BATTS-SPELLER | DIRECTOR OF PEOPLE & CULTURE Highest-paid employee | 9.35 | $0 | $166,041 | $28,097 |
| WILLIAM RIORDAN | ACCOUNTING MANAGER Highest-paid employee | 9.35 | $0 | $133,700 | $53,122 |
| SHERMAINE THOMPSON | ASSOCIATE DIRECTOR OF ACCOUNTING Highest-paid employee | 9.35 | $0 | $146,589 | $32,610 |
| BRENDA GUERRA SEGURA | CREDIT OFFICER / PORTFOLIO MANAGER Highest-paid employee | 9.35 | $0 | $135,960 | $34,672 |
| SHARAT ANANT SOMASHEKARA | DIRECTOR OF FINANCE Officer | 9.35 | $0 | $122,417 | $26,049 |
| PAUL BLACK | PRESIDENT (UNTIL 4/24) Trustee or director, Officer | 0.62 | $0 | $0 | $0 |
| LEIGHTON RICHARDSON | VICE PRES. (UNTIL 4/24)/ PRESIDENT Trustee or director, Officer | 0.62 | $0 | $0 | $0 |
| NAJAH WALLACE | VICE PRES. (AS OF 4/24) Trustee or director, Officer | 0.62 | $0 | $0 | $0 |
| BRIAN WELCH | TREASURER Trustee or director, Officer | 0.62 | $0 | $0 | $0 |
| LORRAINE PAYNE WHEELER | CLERK Trustee or director, Officer | 0.62 | $0 | $0 | $0 |
| PHIL HILLMAN | BOARD MEMBER Trustee or director | 0.62 | $0 | $0 | $0 |
| MARY WALKER | BOARD MEMBER Trustee or director | 0.62 | $0 | $0 | $0 |
| EILEEN KENNER | BOARD MEMBER Trustee or director | 0.62 | $0 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROSALYN JOHNSON | BOARD MEMBER Trustee or director | 0.62 | $0 |
| AN DUONG | BOARD MEMBER Trustee or director | 0.62 | $0 |
| RICKY OCHILO | BOARD MEMBER Trustee or director | 0.62 | $0 |
| KRISTEN HALBERT | BOARD MEMBER Trustee or director | 0.62 | $0 |
| ANGELA YARDE | BOARD MEMBER Trustee or director | 0.62 | $0 |
| DAMARIS AMACHREE | BOARD MEMBER Trustee or director | 0.62 | $0 |
| DERRICK BELLINGER | BOARD MEMBER (UNTIL 4/24) Trustee or director | 0.62 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID SIMMONS | DIR.OF FINANCE & ADMIN(UNTIL 9/23) Officer | 9.35 | $0 | $201,634 | $51,289 |
| KIMBERLY LYLE | CHIEF EXECUTIVE OFFICER Officer | 9.35 | $0 | $200,000 | $39,784 |
| PAOLA PELLETIER OZUNA | CHIEF OF STAFF Highest-paid employee | 9.35 | $0 | $145,308 | $44,220 |
| SUSAN CHU | DIRECTOR OF REAL ESTATE Highest-paid employee | 9.35 | $0 | $154,833 | $33,762 |
| SAMARIAH BATTS-SPELLER | DIRECTOR OF PEOPLE & CULTURE Highest-paid employee | 9.35 | $0 | $156,750 | $27,077 |
| WILLIAM RIORDAN | ACCOUNTING MANAGER Highest-paid employee | 9.35 | $0 | $128,100 | $50,000 |
| REGINAULD WILLIAMS | DIRECTOR OF SMALL BUSINESS Highest-paid employee | 9.35 | $0 | $109,322 | $26,487 |
| PAUL BLACK | PRESIDENT Trustee or director, Officer | 0.62 | $0 | $0 | $0 |
| LEIGHTON RICHARDSON | VICE PRESIDENT Trustee or director, Officer | 0.62 | $0 | $0 | $0 |
| BRIAN WELCH | TREASURER Trustee or director, Officer | 0.62 | $0 | $0 | $0 |
| LORRAINE PAYNE WHEELER | CLERK Trustee or director, Officer | 0.62 | $0 | $0 | $0 |
| PHIL HILLMAN | BOARD MEMBER Trustee or director | 0.62 | $0 | $0 | $0 |
| MARY WALKER | BOARD MEMBER Trustee or director | 0.62 | $0 | $0 | $0 |
| EILEEN KENNER | BOARD MEMBER Trustee or director | 0.62 | $0 | $0 | $0 |
| ROSALYN JOHNSON | BOARD MEMBER Trustee or director | 0.62 | $0 | $0 | $0 |
| AN DUONG | BOARD MEMBER Trustee or director | 0.62 | $0 | $0 | $0 |
| RICKY OCHILO | BOARD MEMBER Trustee or director | 0.62 | $0 | $0 | $0 |
| DERRICK BELLINGER | BOARD MEMBER Trustee or director | 0.62 | $0 | $0 | $0 |
| KRISTEN HALBERT | BOARD MEMBER Trustee or director | 0.62 | $0 | $0 | $0 |
| NAJAH WALLACE | BOARD MEMBER Trustee or director | 0.62 | $0 | $0 | $0 |
| JOSE PEREZ | BOARD MEMBER (UNTIL 1/2023) Trustee or director | 0.62 | $0 | $0 | $0 |
| MARIA ANDRADE | BOARD MEMBER Trustee or director | 0.62 | $0 | $0 | $0 |
| DARYL WRIGHT | BOARD MEMBER (UNTIL 12/2023) Trustee or director | 0.62 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 594 COLUMBIA ROAD, DORCHESTER, MA 02125-3436
- In care of
- % DORCHESTER BAY ECONOMIC DEVELOPME
- Principal officer (990 for 2024)
- KIMBERLY LYLE, 594 COLUMBIA ROAD, DORCHESTER, MA 02125
- Signed the 990
- KIMBERLY LYLE, CEO
- Phone
- (617) 825-4200
- Website
- DBEDC.ORG
- Return prepared by
- AAFCPAS INC
Mission
LENDING SERVICES FOR LOW-INCOME PROJECTS.
Program accomplishments
- DB NEIGHBORHOOD LOAN FUND (DBNLF): LOAN PROGRAMS PROVIDE ONE-ON-ONE PRE-LOAN AND POST-LOAN TECHNICAL ASSISTANCE TO SMALL BUSINESS ENTREPRENEURS AND BORROWERS. THE BUSINESS LOAN FUND OFFERS DIRECT LOANS FROM $500 TO $50,000 (BOTH DBNLF CAPITAL AND SBA LOANS). DBEDC (SEE SCHEDULE R) IS THE ONLY BOSTON AREA CDC TO MAKE DIRECT LOANS TO SMALL BUSINESSES. DBNLF'S TWO-PRONGED STRATEGIES OF DEVELOPING COMMERCIAL REAL ESTATE AND LENDING TO BUSINESSES REINFORCE EACH OTHER BY CREATING PHYSICAL SPACES FOR BUSINESS AND ALSO STRENGTHENING INTERNAL BUSINESS CAPACITY. COMMERCIAL REVITALIZATION IS GIVING NEW LIFE TO THE COMMERCIAL DISTRICTS IN OUR AREA. WE HAVE COMPLETED LOANS TO A WIDE ARRAY OF DIFFERENT TYPES OF BUSINESSES.Expenses $1,614,295 · grants $205,000 · revenue $144,584
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3473587
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $3,085,359
- Income (IRS master file)
- $1,845,545
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,845,545 | $2,215,844 | $3,085,359 | XML |
| 990 | December 2023 | $2,680,816 | $2,689,280 | $2,731,263 | XML |
| 990 | December 2022 | $1,440,165 | $1,722,411 | $1,967,600 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3473587).
Questions about DORCHESTER BAY NIEGHBORHOOD LOAN FUND INC
- What is the EIN of DORCHESTER BAY NIEGHBORHOOD LOAN FUND INC?
- The employer identification number (EIN) of DORCHESTER BAY NIEGHBORHOOD LOAN FUND INC is 04-3473587.
- Is DORCHESTER BAY NIEGHBORHOOD LOAN FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to DORCHESTER BAY NIEGHBORHOOD LOAN FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does DORCHESTER BAY NIEGHBORHOOD LOAN FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DORCHESTER BAY NIEGHBORHOOD LOAN FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DORCHESTER BAY NIEGHBORHOOD LOAN FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DORCHESTER BAY NIEGHBORHOOD LOAN FUND INC?
- The 990 for the year ended December 31, 2024 names KIMBERLY LYLE.
- Who are the officers and directors of DORCHESTER BAY NIEGHBORHOOD LOAN FUND INC?
- The 990 for the year ended December 31, 2024 lists 22 people; 0 received compensation from the organization.
- How much revenue does DORCHESTER BAY NIEGHBORHOOD LOAN FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,845,545, expenses of $2,215,844 and total assets of $3,085,359 at year end.
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