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EIN 04-3473587

Dorchester Bay Neighborhood Loan Fund

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Dorchester
State
Massachusetts
Year formed
1998
Most recent tax filings
2022-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
The Dorchester Bay Neighborhood Loan Fund provides lending services for low-income projects. Its loan programs furnish one-on-one pre-loan and post-loan technical assistance to small business entrepreneurs and borrowers. The business Loan Fund furnishes direct loans ranging from $500 to $50,000, utilizing both dbnlf capital and SBA loans.
Related structure
Dorchester Bay Neighborhood Loan Fund is a subordinate organization under Dorchester Bay Economic Development Corporation.
Total revenues
$1,440,165
2022
Total expenses
$1,722,411
2022
Total assets
$1,967,600
2022
Num. employees
0
2022

Program areas at Dorchester Bay Neighborhood Loan Fund

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.

Personnel at Dorchester Bay Neighborhood Loan Fund

NameTitleCompensation
Kimberly R. LyleChief Executive Officer$0
Ms. Lyle ServesVice President
Paola Pelletier-OzunaDirector of Operations and Programs
Charles McVeaDirector of Finance and Administration$0
Samantha MenardDirector of Resource Development
...and 23 more key personnel

Financials for Dorchester Bay Neighborhood Loan Fund

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,387,551
Program services$52,027
Investment income and dividends$587
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,440,165

Form 990s for Dorchester Bay Neighborhood Loan Fund

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-11990View PDF
2019-122021-04-01990View PDF
2018-122020-02-06990View PDF
...and 9 more Form 990s

Organizations like Dorchester Bay Neighborhood Loan Fund

OrganizationLocationRevenue
MaineStream FinanceBangor, ME$484,821
Boc Capital CorporationBrooklyn, NY$5,105,426
Economic Opportunities FundPhiladelphia, PA$1,077,528
Redec Relending CorporationPainted Post, NY$393,283
Brightpoint Development FundFort Wayne, IN$719,520
Bside FundDenver, CO$1,297,055
Florida Opportunity FundOrlando, FL$3,329,239
Landmarks Community Capital CorporationPittsburgh, PA$1,331,693
BDC Community Capital CorporationWakefield, MA$968,960
Village Capital CorporationCleveland, OH$1,484,314
Data update history
February 7, 2024
Updated personnel
Identified 16 new personnel
December 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 27, 2023
Updated personnel
Identified 3 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Business and community development organizationsChapter / child organizationsCharities
Issues
EnvironmentCommunity improvementEconomic development
Characteristics
Receives government fundingTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
594 Columbia Rd
Dorchester, MA 02125
Metro area
Boston-Cambridge-Newton, MA-NH
County
Suffolk County, MA
Website URL
dbedc.org/ 
Phone
(617) 825-4200
IRS details
EIN
04-3473587
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Subordinate organization
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