DORCHESTER BAY NEIGHBORHOOD LOAN FUND INC
594 COLUMBIA ROAD, DORCHESTER, MA 02125 dbedc.org

Total Revenue
$963,989
Total Expenses
$838,860
Net Assets
$875,592

Organizations Filed Purposes: LENDING SERVICES FOR LOW-INCOME PROJECTS.

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.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Ricky OchiloBOARD MEMBER0.5$0
An DuongBOARD MEMBER0.5$0
Brian WelchBOARD MEMBER0.5$0
Rosalyn JohnsonBOARD MEMBER0.5$0
Eileen KennerBOARD MEMBER0.5$0
Maria AndradeBOARD MEMBER0.5$0
Mary WalkerBOARD MEMBER0.5$0
Daryl WrightBOARD MEMBER0.5$0
Leighton RichardsonTREASURER0.5$0
Keith GreenawayCLERK0.5$0
Paul BlackVICE PRESIDENT0.5$0
Phil HillmanPRESIDENT0.5$0
Kimberly LyleDIRECTOR OF ECONOMIC DEV.12.5$0
Vincent PinaDIRECTOR OF HUMAN RESOURCE12.5$0
Keryn E O'DonnellDIRECTOR OF REAL ESTATE12.5$0
Charles McveaDIRECTOR OF FINANCE & ADMI12.5$0
Perry NewmanCHIEF EXECUTIVE OFFICER12.5$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202033219349307873_public.xml