Program areas at Bay Colony Development Corporation
To assist small business concerns to finance owner occupied commercial real estate, purchases of land, machinery and equipment, and to assist with the growth and Development of businesses and foster increased employment opportunities. During the year, the corporation received approval from the sba for 86 projects totaling $63.8 million in section 504 loans. During the year, Bay Colony Development funded 110 loans totaling $70.2 million.
Bcdc provides microloans ($25,000 maximum) to borrowers within the corporation's lending area. During the year, bcdc funded 3 loans totaling $70,000.
Grants made by Bay Colony Development Corporation
Personnel at Bay Colony Development Corporation
| Name | Title | Compensation | Date of data |
|---|
| Mary Katherine Mansfield | President and Chief Executive Officer | $313,961 | 2024-10-02 |
| Betty Ule | Senior Vice President , Chief Financial Officer and Chief Compliance Officer | $177,397 | 2024-10-02 |
| Kimberly Legere | Vice President Portfolio Management | $131,351 | 2023-09-30 |
| Erik Adams | Executive Vice President , Director of Marketing | $400,946 | 2024-10-02 |
| Eberto Ranero | Senior Vice President and Loan Officer | $209,349 | 2024-10-02 |
| ...and 9 more key personnel |
Financials for Bay Colony Development Corporation
| Revenues | FYE 09/2023 | FYE 09/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $4,496,761 | $4,123,841 | 9% |
| Investment income and dividends | $69,652 | $4,489 | 1451.6% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $25,528 | $0 | 999% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $4,591,941 | $4,128,330 | 11.2% |
Organizations like Bay Colony Development Corporation
| Organization | Type | Location | Revenue |
|---|
| TMC Financing | 501(c)(4) | Oakland, CA | $21,879,934 |
| Florida Business Development Corporation | 501(c)(4) | Tampa, FL | $13,374,087 |
| NM Small Business Investment Corporation | 501(c)(4) | Tijeras, NM | $8,947,897 |
| Independent Development Services Corporation | 501(c)(4) | Fort Myers, FL | $1,700,032 |
| Arizona Capital Source | 501(c)(4) | Tucson, AZ | $4,460,265 |
| Black Business Investment Fund | 501(c)(4) | Orlando, FL | $10,029,589 |
| Greater Texas Capital Corporation | 501(c)(4) | Tyler, TX | $2,777,961 |
| Florida First Capital Finance Corporation | 501(c)(4) | Tallahassee, FL | $12,823,592 |
| Capital Access Group | 501(c)(4) | San Francisco, CA | $4,397,482 |
| Growth Capital Corporation | 501(c)(4) | Cleveland, OH | $2,083,745 |
Data update history
May 21, 2024
Updated personnel
Identified 2 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 7, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 18, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 26, 2023
Updated personnel
Identified 13 new personnel
Nonprofit Types
Grantmaking organizationsBusiness and community development organizations
Issues
Human servicesHousingBusiness and industry
Characteristics
No characteristics found
General information
- Address
- 230 Third Ave 1st Floor
- Waltham, MA 02451
- Metro area
- Boston-Cambridge-Newton, MA-NH
- County
- Middlesex County, MA
- Website URL
- baycolony.org/Â
- Phone
- (781) 891-3594
IRS details
- EIN
- 04-2738974
- Fiscal year end
- September
- Taxreturn type
- Form 990
- Year formed
- 1981
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- S43: Management Services for Small Business, Entrepreneurs
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Independent
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