Organizations Filed Purposes:
DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION ACTS TO BUILD A STRONG, THRIVING, AND DIVERSE COMMUNITY IN BOSTON'S 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.
COMMUNITY SERVICES:OUR COMMUNITY SERVICES INCLUDE TENANT ORGANIZING WHICH BRINGS TOGETHER ACTIVE TENANTS TO PROMOTE LEADERSHIP AND TACKLE CRITICAL ISSUES. WITHIN OUR ORGANIZING EFFORTS, PROGRAMS ENGAGE YOUTH IN EDUCATION, RECREATION, ORGANIZING, LEADERSHIP, AND COMMUNITY SERVICES. "YOUTH FORCE ORGANIZING TRAINING AND LEADERSHIP DEVELOPMENT, IS RECOGNIZED AS ONE OF THE STRONGEST YOUTH ORGANIZING PROGRAMS IN THE STATE. OUR REENTRY PROGRAM IS THE FIRST CDC-BASED RE-ENTRY PROGRAM IN NEW ENGLAND FOR EX-OFFENDERS RETURNING TO THEIR COMMUNITY. USING OUR ORGANIZING EXPERTISE, WE HAVE PULLED TOGETHER THE A.G.'S OFFICE, POLICE, CORRECTIONS, AND OTHER NON-PROFIT SERVICE PARTNERS IN THIS IMPORTANT COLLABORATIVE. OUR COMPUTER TRAINING PROGRAMS HAVE HELPED TRAIN ADULTS AND YOUTHS IN COMPUTER SKILLS. BY PLACING RESIDENTS IN JOBS CREATED BY OUR EFFORTS, AND HELPING BUILD SKILLS FOR EMPLOYMENT, OUR EFFORTS INCREASE WEALTH AND OPPORTUNITIES.
PROJECT DEVELOPMENT:PROJECT DEVELOPMENT ACQUIRES CONSTRUCTS AND REDEVELOPS REAL ESTATE IN OUR SERVICE AREA WITH THE GOAL OF REDUCING BLIGHT, IMPROVING THE NEIGHBORHOOD, CREATING AND PRESERVING AFFORDABLE HOUSING, AS WELL AS COMMERCIAL SPACE THAT PROVIDES JOBS, SERVICES AND PLACES FOR BUSINESSES TO GROW AND THRIVE. IN 2017, WE COMPLETED CONSTRUCTION ON COTTAGE BROOK APARTMENTS (147 UNITS OF AFFORDABLE HOUSING). THE PROJECTS WERE ON TIME, ON BUDGET, AND ON MISSION. IN 2019, WE CLOSED ON AND BEGAN CONSTRUCTION ON A 90-UNIT RESIDENTIAL PROJECT (INDIGO BLOCK APARTMENTS) AND A $12,000,000 COMMERCIAL PROJECT. CONSTRUCTION BEGAN IN 2020 AND IS EXPECTED TO BE COMPLETED IN 2021 AND 2022. ADVANCEMENTS WERE ALSO MADE ON VARIOUS OTHER PROJECTS THROUGH THE PUBLIC APPROVAL PROCESS.
LOAN PROGRAMS: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 $250,000 (BOTH DB CAPITAL AND SBA LOANS). DBEDC IS THE ONLY BOSTON AREA CDC TO MAKE DIRECT LOANS TO SMALL BUSINESSES. DBEDC'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.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Perry Newman | CHIEF EXECUTIVE OFFICER | 12.5 | $200,510 |
| Keryn E O'Donnell | DIRECTOR OF REAL ESTATE | 12.5 | $144,000 |
| Charles Mcvea | DIRECTOR OF FINANCE & ADMIN | 12.5 | $144,000 |
| Vincent Pina | DIRECTOR OF HUMAN RESOURCE | 12.5 | $115,548 |
| Kimberly Lyle | DIRECTOR OF STRATEGY & IMPACT | 12.5 | $113,330 |
| Evelyn Darling | BOARD MEMBER (UNTIL FY19) | 0.5 | $0 |
| Ayoka Drake | BOARD MEMBER (UNTIL FY19) | 0.5 | $0 |
| Elrette Marion | BOARD MEMBER (UNTIL FY19) | 0.5 | $0 |
| Ricky Ochilo | BOARD MEMBER | 0.5 | $0 |
| An Duong | BOARD MEMBER | 0.5 | $0 |
| Brian Welch | BOARD MEMBER | 0.5 | $0 |
| Rosalyn Johnson | BOARD MEMBER | 0.5 | $0 |
| Eileen Kenner | BOARD MEMBER | 0.5 | $0 |
| Maria Andrade | BOARD MEMBER | 0.5 | $0 |
| Mary Walker | BOARD MEMBER | 0.5 | $0 |
| Daryl Wright | BOARD MEMBER | 0.5 | $0 |
| Leighton Richardson | TREASURER | 0.5 | $0 |
| Keith Greenaway | CLERK | 0.5 | $0 |
| Paul Black | VICE PRESIDENT | 0.5 | $0 |
| Phil Hillman | PRESIDENT | 0.5 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202033219349307828_public.xml