Organizations Filed Purposes:
IT IS BCDC'S MISSION TO BE THE LENDER OF CHOICE FOR SMALL BUSINESSES, BY INVESTING RESOURCES; BOTH MONETARILY AND PROFESSIONALLY, THAT OFFER CREATIVE FINANCING SOLUTIONS TO PROVIDE POSITIVE ECONOMIC IMPACT WITHIN THE COMMUNITIES WE SERVE.
THE ORGANIZATION PROVIDES SBA 504 FINANCING TO SMALL BUSINESSES LOCATED IN NEW ENGLAND.
TO ASSIST SMALL BUSINESS CONCERNS TO FINANCE OWNER OCCUPIED COMMERCIAL REAL ESTATE, PURCHASES OF LAND, MACHINERY AND EQUIPMENT, AND TO ASSIST WITH THE GROWTH AND DEVELOPMENT OF BUSINESSES AND FOSTER INCREASED EMPLOYMENT OPPORTUNITIES. DURING THE YEAR, THE CORPORATION RECEIVED APPROVAL FROM THE SBA FOR 117 PROJECTS TOTALING $66 MILLION IN SECTION 504 LOANS. DURING THE YEAR, BAY COLONY DEVELOPMENT FUNDED 94 LOANS TOTALING $47 MILLION.
BCDC PROVIDES MICROLOANS ($25,000 MAXIMUM) TO BORROWERS WITHIN THE CORPORATION'S LENDING AREA. DURING THE YEAR, BCDC FUNDED 2 LOANS TOTALING $14,900.
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 |
|---|
| Erik Adams | SVP MARKETING | 40 | $271,847 |
| Mary Mansfield | PRESIDENT / EXECUTIVE COMM | 40 | $260,135 |
| Eberto Ranero | VP MARKETING | 40 | $174,135 |
| Bradley Nichols | VP MARKETING | 40 | $155,383 |
| Rosemarie Finn | VP UNDERWRITING | 40 | $120,435 |
| Heather Storme | VP MARKETING | 40 | $118,765 |
| Betty Ule | CFO / AUDIT COMMITTEE | 40 | $113,464 |
| Kimberly Legere | VP SERVICING | 40 | $104,606 |
| Danielle Boutin | VP UNDERWRITING | 40 | $101,150 |
| Colleen Guarnieri | VP CLOSING | 40 | $84,507 |
| Walter E Huskins | DIRECTOR / EXEC COMM / OF COUNSEL | 5 | $24,000 |
| George R Berbeco | CHAIRMAN / EXECUTIVE COMMITTEE | 5 | $24,000 |
| Michael Lanava | DIRECTOR / EXECUTIVE COMMITTEE | 5 | $14,000 |
| Timothy Fahey | DIRECTOR / EXEC COMM / AUDIT CHAIR | 5 | $14,000 |
| Rebecca Dewolfe | DIRECTOR / AUDIT COMMITTEE | 3 | $6,000 |
| James Healey | DIRECTOR | 2 | $4,000 |
| Richard Lefferts | DIRECTOR | 2 | $4,000 |
| William Cantor | DIRECTOR | 2 | $4,000 |
| Scott Vandersall | NEW DIRECTOR AS OF MARCH 13, 2019 | 0 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202000389349300420_public.xml