Dorchester Bay Economic Development Corporation

Nonprofit profile at a glance

EIN
042681632
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Dorchester, MA, USA
Phone
6178254200
Rating
73
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Urban, Community Economic Development

Official website

Reported finances

Revenue
$7,247,140
Expenses
$7,674,271
Assets
$55,147,532
Liabilities
$29,530,640

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • PAUL BLACK (PRESIDENT (UNTIL 4/2024))
  • LEIGHTON RICHARDSON (VICE PRESIDENT(UNTIL 4/24)/PRESIDENT)
  • NAJAH WALLACE (VICE PRESIDENT (AS OF 4/2024))
  • KIMBERLY LYLE (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • KIMBERLY LYLE (CHIEF EXECUTIVE OFFICER): $284,712 total reported compensation
  • SUSAN CHU (DIRECTOR OF REAL ESTATE DEVELOPMENT): $218,499 total reported compensation
  • SAMARIAH BATTS-SPELLER (DIRECTOR OF PEOPLE & CULTURE): $194,138 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Dorchester bay economic development corporation acts to build a strong, thriving, and diverse community in boston's dorchester neighborhoods. Working closely with neighborhood residents and partners, we access resources to:-develop and preserve affordable home ownership and rental housing,-create and sustain commercial and economic development opportunities, and-build community power through organizing and leadership development.

What it reported doing in 2024

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. Our senior program is designed to enhance the well-being, independence, and quality of life of senior citizens through a range of supportive services and activities. It provides social, recreational, educational, and health-related resources to meet the diverse needs of older adults. Our workforce development department provides job readiness services, including career coaching, resume assistance, interview prep, and job placement, with a focus on high-growth sectors like green jobs, healthcare, and life sciences. Through targeted workshops and community partnerships, we help participants gain in-demand skills and connect to quality employment opportunities.

Operating model

Revenue model
Earned-program. 68% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 57% for direct work, 4% for grants, and 39% for affiliated organizations.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing does not identify recipients for some grant dollars and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 64
  • Accountability: 100
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75%; rating input score 75
  • Program expense ratio: 69.8%; rating input score 70
  • Fundraising efficiency: $2.03 raised per $1 spent on fundraising; rating input score 5; 5th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 9.5%; rating input score 10; 12th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -5.9%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 7.19; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.54; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 18%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 6.9% per year; rating input score 100; 50th percentile among comparable filings
  • Revenue growth: 7.6% per year; rating input score 100; 58th percentile among comparable filings
  • Asset growth: 9.9% per year; rating input score 100; 58th percentile among comparable filings

Details

  • Where the money goes: 75% of revenue deployed · 69.8% of spending went to programs
  • Governance: 13 of 13 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $5.4M in reported program spending
  • Leadership: top reported pay $285K · 22 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.5M reported
  • Consistency: 31 of 32 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 14 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 48 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Grant itemization coverage scored 10/100.
  • High — Financial Efficiency: Fundraising efficiency scored 5/100.
  • High — Sustainability: Operating margin scored 19/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.