E B C D C Inc

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 12/2021, E B C D C Inc employed 66 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 12/2021, E B C D C Inc generated $4.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $5.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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)Compensation
Albert Caldarelli
President
$279,247
Salvatore Colombo
Gen. Mgr.
$260,136
Albert Festa
Fin. Director
$255,036
Cynthia Fronduto
Director Of Accounting
$172,834
Blanca Ayala
Asst. Treasurer
$0
Ruth Capone
Secretary/clerk
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Michaelangelo Interbartolo Jr Aia
Architectural
$222,194
Axiom Partners Inc
Environmental Consulting
$132,874
Davis Square Architects
Architectural
$117,909
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $555,900
All other contributions, gifts, grants, and similar amounts not included above$5,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$560,900
Total Program Service Revenue$0
Investment income $452,221
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $18,931
Net Gain/Loss on Asset Sales $55,474
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,262,747

Grants Recieved

Over the last fiscal year, we have identified 1 grants that E B C D C Inc has recieved totaling $260,048.

Awarding OrganizationAmount
Lyman School Housing Committee Inc

East Boston, MA

PURPOSE: Community Benefit

$260,048
View Grant Recipient Profile

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