BLUEHUB LOAN FUND INC Charity Report

Public IRS 990 nonprofit record

BLUEHUB LOAN FUND INC

EIN 22-2593378 · Fund Raising & Fund Distribution - Housing & Shelter (L12)

What they do

COMMUNITY LENDING

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $80.70 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 explanation is very short. Ask what work they really do.

They name their leaders19 people are listed in the latest report.

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

Money made simple

30.86%of revenue went to mission work80.7% of expenses · Program services

0.47%of revenue went to fundraising1.2% of expenses

$38.25spent for every $100 of revenueRevenue covered expenses this year.

6.91%of revenue went to management and office costs18.1% of expenses

$32.74in assets for every $1 spent this yearSome assets cannot be spent right away.

40.9%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.

Pay context: The highest compensation shown in this filing is $343,483 for KAREN KELLEHER (PRES. LOAN FUND & EX-OFFICIO BOARD MEM.). 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$39,501,886

Mission workProgram services$12,191,48630.86% of revenue80.7% of expenses

ManagementOffice and general costs$2,731,3426.91% of revenue18.1% of expenses

FundraisingAsking for donations$186,0370.47% of revenue1.2% of expenses

Revenue left after expensesReported annual surplus$24,393,02161.75% of revenueShown in gray on the chart

Total expenses$15,108,86538.25% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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: 80.7% mission · 18.1% management · 1.2% fundraisingTotal expenses: 38.25% of revenue

2023Expense mix: 80.1% mission · 18.2% management · 1.7% fundraisingTotal expenses: 30.41% of revenue

2022Expense mix: 84.4% mission · 13.7% management · 1.9% fundraisingTotal expenses: 44.12% of revenue

2021Expense mix: 85.8% mission · 12.4% management · 1.8% fundraisingTotal expenses: 53.35% of revenue

2020Expense mix: 89.5% mission · 9.4% management · 1.1% fundraisingTotal expenses: 48.32% of revenue

2019Expense mix: 88.1% mission · 10.1% management · 1.8% fundraisingTotal expenses: 46.97% of revenue

2018Expense mix: 92.2% mission · 7.8% management · 0.0% fundraisingTotal expenses: 42.95% of revenue

2016Expense mix: 83.4% mission · 16.6% management · 0.0% fundraisingTotal expenses: 46.49% of revenue

Money in and money out

Revenue$39,501,886

Expenses$15,108,865

Annual surplus $24,393,021 Revenue was higher than expenses 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)$12,191,486 · 80.7% of expenses

Management and office costs$2,731,342 · 18.1% of expenses

Fundraising$186,037 · 1.2% of expenses

See all reported dollar amounts

Revenue$39,501,886

Expenses$15,108,865

Assets$494,617,792

Income$39,501,886

Contributions$16,140,000

Mission work (program services)$12,191,486

Fundraising$186,037

Management and general$2,731,342

Executive compensation (total)$608,246

Accounting fees$122,899

Investing fees$54,156

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

KAREN KELLEHERPRES. LOAN FUND & EX-OFFICIO BOARD MEM. · 40 hrs/week $343,483Base $305,695 · Other $37,788

ELYSE CHERRYCEO & EX-OFFICIO BOARD MEMBER · 4 hrs/week $340,885Base $96,803 · Other $244,082

MICHAEL NILLESSVP,COMMERCIAL LENDING, TEAM LEADER · 40 hrs/week $308,290Base $269,026 · Other $39,264

ARUNABHA CHAKRAVARTYSVP, PORTFOLIO MANAGEMENT · 40 hrs/week $254,459Base $223,208 · Other $31,251

LISA ZAPPALAEVP, CFO (UNTIL 9/2024) · 12 hrs/week $211,530Base $129,666 · Other $81,864

E MATTHEW GAUTIERISVP, CONTROLLER · 10 hrs/week $118,183Base $59,384 · Other $58,799

DEWITT JONESPRESIDENT, BLUEHUB ENERGY $99,766Base · Other $99,766

BRENDA LOYACHIEF OPERATING OFFICER $41,289Base · Other $41,289

LUBNA ELIACHIEF ADMINISTRATIVE OFFICER $17,040Base · Other $17,040

JACQUELYN BARRY HAMILTONCFO (AS OF 9/2024) $10,209Base · Other $10,209

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 (19)

KAREN KELLEHERPRES. LOAN FUND & EX-OFFICIO BOARD MEM.

ELYSE CHERRYCEO & EX-OFFICIO BOARD MEMBER

MICHAEL NILLESSVP,COMMERCIAL LENDING, TEAM LEADER

ARUNABHA CHAKRAVARTYSVP, PORTFOLIO MANAGEMENT

LISA ZAPPALAEVP, CFO (UNTIL 9/2024)

E MATTHEW GAUTIERISVP, CONTROLLER

DEWITT JONESPRESIDENT, BLUEHUB ENERGY

BRENDA LOYACHIEF OPERATING OFFICER

LUBNA ELIACHIEF ADMINISTRATIVE OFFICER

JACQUELYN BARRY HAMILTONCFO (AS OF 9/2024)

JULIE GOULDBOARD MEMBER

EDWARD DUGGER IIIBOARD MEMBER

MARIA MAFFEIBOARD MEMBER

MERCEDES TOMPKINSBOARD MEMBER

CHARLES CLARKCHAIRMAN OF THE BOARD

REESE FAYDEVICE CHAIR OF THE BOARD

REVEREND JAMES WALSH SJCLERK OF THE BOARD

SARAH C LINCOLNTREASURER OF THE BOARD

VICTOR R RIVERABOARD MEMBER

About this charity

Recognized since: January 1987
Location: 1785 COLUMBUS AVENUE 6TH FLOOR, BOSTON, MA 021193236
County: Suffolk
In care of: JACQUELYN BARRY HAMILTON
Primary officer: JACQUELYN BARRY HAMILTON, CHIEF FINANCIAL OFFICER

How to reach them

WebsiteVisit the charity’s website Emailinfo@bluehubcapital.org Phone(617) 427-8600

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: AAFCPAS INC
NTEE classification: Fund Raising & Fund Distribution - Housing & Shelter (L12)
IRS tax category: Fund Raising & Fund Distribution