DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION

EIN 04-2681632 · Community Improvement & Capacity Building (S310)

What they do

DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION ACTS to BUILD A STRONG, THRIVING, and DIVERSE COMMUNITY IN BOSTONS DORCHESTER NEIGHBORHOODS. WORKING CLOSELY WITH NEIGHBORHOODS, RESIDENTS, BUSINESSES and PARTNERS, WE ACCESS RESOURCES TO:-DEVELOP and PRESERVE HOME OWNERSHIP and RENTAL HOUSING ACROSS INCOME LEVELS-CREATE and SUSTAIN ECONOMIC DEVELOPMENT OPPORTUNITIES for BUSINESSES and INDIVIDUALS-BUILD COMMUNITY THROUGH ORGANIZING, CIVIC ENGAGEMENTS, and LEADERSHIP DEVELOPMENT.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $69.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

73.93%of revenue went to mission work69.8% of expenses · Program services

11.45%of revenue went to fundraising10.8% of expenses

$105.89spent for every $100 of revenueSpending was higher than revenue this year.

20.51%of revenue went to management and office costs19.4% of expenses

$7.19in assets for every $1 spent this yearSome assets cannot be spent right away.

23.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $427,131 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $284,712 for KIMBERLY LYLE (CHIEF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$7,247,140

Mission workProgram services$5,357,80173.93% of revenue69.8% of expenses

ManagementOffice and general costs$1,486,33620.51% of revenue19.4% of expenses

FundraisingAsking for donations$830,13411.45% of revenue10.8% of expenses

Total expenses$7,674,271105.89% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 69.8% mission · 19.4% management · 10.8% fundraisingTotal expenses: 105.89% of revenue

2023Expense mix: 58.4% mission · 14.2% management · 27.4% fundraisingTotal expenses: 64.80% of revenue

2022Expense mix: 83.5% mission · 9.3% management · 7.2% fundraisingTotal expenses: 79.34% of revenue

2021Expense mix: 84.2% mission · 9.9% management · 5.9% fundraisingTotal expenses: 40.58% of revenue

2020Expense mix: 86.5% mission · 8.3% management · 5.2% fundraisingTotal expenses: 81.69% of revenue

2019Expense mix: 80.6% mission · 11.7% management · 7.6% fundraisingTotal expenses: 44.77% of revenue

2018Expense mix: 78.3% mission · 13.9% management · 7.8% fundraisingTotal expenses: 92.73% of revenue

2017Expense mix: 76.5% mission · 17.3% management · 6.2% fundraisingTotal expenses: 94.89% of revenue

Money in and money out

Revenue$7,247,140

Expenses$7,674,271

Annual shortfall $427,131 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$5,357,801 · 69.8% of expenses

Management and office costs$1,486,336 · 19.4% of expenses

Fundraising$830,134 · 10.8% of expenses

See all reported dollar amounts

Revenue$7,247,140

Expenses$7,674,271

Assets$55,147,532

Income$7,842,272

Contributions$1,681,922

Mission work (program services)$5,357,801

Fundraising$830,134

Grants given$903,004

Average grant$39,261

Management and general$1,486,336

Executive compensation (total)$421,341

Stocks and bonds$8,837,446

Accounting fees$121,139

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KIMBERLY LYLECHIEF EXECUTIVE OFFICER · 9 hrs/week $284,712Base $240,750 · Other $43,962

SUSAN CHUDIRECTOR OF REAL ESTATE DEVELOPMENT · 9 hrs/week $218,499Base $181,003 · Other $37,496

SAMARIAH BATTS-SPELLERDIRECTOR OF PEOPLE & CULTURE · 9 hrs/week $194,138Base $166,041 · Other $28,097

WILLIAM RIORDANACCOUNTING MANAGER · 9 hrs/week $186,822Base $133,700 · Other $53,122

SHERMAINE THOMPSONASSOCIATE DIRECTOR OF ACCOUNTING · 9 hrs/week $179,199Base $146,589 · Other $32,610

BRENDA GUERRA SEGURACREDIT OFFICER / PORTFOLIO MANAGER · 9 hrs/week $170,632Base $135,960 · Other $34,672

SHARAT ANANT SOMASHEKARADIRECTOR OF FINANCE · 9 hrs/week $148,466Base $122,417 · Other $26,049

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

KIMBERLY LYLECHIEF EXECUTIVE OFFICER

SUSAN CHUDIRECTOR OF REAL ESTATE DEVELOPMENT

SAMARIAH BATTS-SPELLERDIRECTOR OF PEOPLE & CULTURE

WILLIAM RIORDANACCOUNTING MANAGER

SHERMAINE THOMPSONASSOCIATE DIRECTOR OF ACCOUNTING

BRENDA GUERRA SEGURACREDIT OFFICER / PORTFOLIO MANAGER

SHARAT ANANT SOMASHEKARADIRECTOR OF FINANCE

MARY WALKERBOARD MEMBER

ROSALYN JOHNSONBOARD MEMBER

RICKY OCHILOBOARD MEMBER

PHIL HILLMANBOARD MEMBER

PAUL BLACKPRESIDENT (UNTIL 4/2024)

NAJAH WALLACEVICE PRESIDENT (AS OF 4/2024)

AN DUONGBOARD MEMBER

LORRAINE PAYNE WHEELERCLERK

LEIGHTON RICHARDSONVICE PRESIDENT(UNTIL 4/24)/PRESIDENT

KRISTEN HALBERTBOARD MEMBER

EILEEN KENNERBOARD MEMBER

DERRICK BELLINGERBOARD MEMBER (UNTIL 4/2024)

DAMARIS AMACHREEBOARD MEMBER

BRIAN WELCHTREASURER

ANGELA YARDEBOARD MEMBER

About this charity

Recognized since: January 1980
Location: 594 COLUMBIA RD, BOSTON, MA 02125-3436
County: Suffolk
In care of: % JEANNE DUBOIS EXEC DIR
Primary officer: KIMBERLY LYLE, CEO

How to reach them

WebsiteVisit the charity’s website Emailsburns@dbedc.org Phone(617) 825-4200

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: AAFCPAS INC
NTEE classification: Community Improvement & Capacity Building (S310)
IRS tax category: Civic and Social Organizations
Grant-giving organization: Yes