E B C D C Inc
- Assets
- $63.5m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 73
- Location
- East Boston, MA
- Founding
- 08/1980
- Data as of
- 12/2022
- EIN
- 04-2755270
Organization Overview
E B C D C Inc is located in East Boston, MA. The organization was established in 1980. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, E B C D C Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. E B C D C Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, E B C D C Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $5.0m during the year ending 12/2022. While expenses have increased by 6.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST THE CREATION OF AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT THAT BENEFITS THE RESIDENTS OF EAST BOSTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTED ENTITIES IN EAST BOSTON IN DEVELOPING DIFFERENT PROJECTS TO INCREASE THE STOCK OF LOW AND MEDIUM INCOME AFFORDABLE HOUSING AVAILABLE TO THE RESIDENTS OF EAST BOSTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Caldarelli President | OfficerTrustee | 40 | $280,747 |
Nicole Beckles Director | Trustee | 1 | $0 |
Ruth Capone Director | Trustee | 1 | $0 |
Blanca Ayala Asst. Treasurer | OfficerTrustee | 1 | $0 |
Frida Sanchez Secretary/clerk | OfficerTrustee | 1 | $0 |
Thomas Briand Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Axiom Partners Inc Environmental Consulting | 8/30/17 | $132,874 |
Davis Square Architects Architectural | 8/30/17 | $117,909 |
Michaelangelo Interbartolo Jr Aia Architectural | 8/30/17 | $222,194 |
Michaelangelo Interbartolo Jr Aia Architectural | 8/30/17 | $222,194 |
Davis Square Architects Architectural | 8/30/17 | $117,909 |
Axiom Partners Inc Environmental Consulting | 8/30/17 | $132,874 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $900,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $900,000 |
| Total Program Service Revenue | $4,071,978 |
| Investment income | $479,849 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$457,090 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,994,737 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $797,419 |
| Compensation of current officers, directors, key employees. | $268,641 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,709,771 |
| Pension plan accruals and contributions | $133,948 |
| Other employee benefits | $426,314 |
| Payroll taxes | $271,169 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,482 |
| Fees for services: Accounting | $53,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,623 |
| Office expenses | $10,520 |
| Information technology | $127,696 |
| Royalties | $0 |
| Occupancy | $62,868 |
| Travel | $20,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,020 |
| Interest | $201 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,928 |
| Insurance | $88,730 |
| All other expenses | $71,710 |
| Total functional expenses | $4,962,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,643 |
| Savings and temporary cash investments | $1,993,668 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,275,861 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $30,507,258 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $100,992 |
| Net Land, buildings, and equipment | $21,939,129 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,366,987 |
| Intangible assets | $0 |
| Other assets | $4,081,061 |
| Total assets | $63,496,599 |
| Accounts payable and accrued expenses | $1,394,131 |
| Grants payable | $0 |
| Deferred revenue | $13,445 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $20,471,482 |
| Unsecured mortgages and notes payable | $8,059,605 |
| Other liabilities | $6,754,680 |
| Total liabilities | $36,693,343 |
| Net assets without donor restrictions | $26,803,256 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $63,496,599 |