Bclf Managed Assets Corporation
- Assets
- $0.0
- Revenue
- $1.0m
- Investments
- $9.9k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/1996
- Data as of
- 12/2020
- EIN
- 04-3246547
Organization Overview
Bclf Managed Assets Corporation is located in Boston, MA. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bclf Managed Assets Corporation 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 12/2020, Bclf Managed Assets Corporation generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (33.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DEVELOPS NEW BUSINESS INITIATIVES AND INNOVATIVE FUNDING VEHICLES FOR LOW-INCOME INDIVIDUALS AND COMMUNITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elyse Cherry - See Suppl Stmt 1 CEO & Ex-Officio | 10 | $186,752 | |
Dewitt Jones - See Suppl Stmt 1 President & Ex-Officio | 12 | $106,208 | |
Catherine Dun Rappaport Vp, Learning And Imp | 8 | $34,761 | |
E Matthew Gautieri Svp, Controller | 4 | $22,815 | |
Lisa Zappala Chief Financial Officer | 2 | $14,527 | |
Autumn Mclaughlin Manager Of Communica | 4 | $12,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $71,914 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $960,177 |
| Total Revenue | $1,032,091 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $338,728 |
| Pension plans, employee benefits | $85,186 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,051,673 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,051,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,930 |
| Other assets | $3,179,002 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bclf Managed Assets Corporation has awarded $11,153,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: TO PROVIDE ADDITIONAL INVESTMENTS IN AURA MORTGAGE AND WEGOWISE. | $9,500,000 |
BOSTON COMMUNITY LOAN FUND PURPOSE: SUPPORT OF ORGANIZATION | $850,000 |
BOSTON COMMUNITY CAPITAL INC PURPOSE: SUPPORT OF ORGANIZATION | $803,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catalyst Inc New York, NY | $56,172,197 | $22,153,415 |
Horizon Village Inc Sanborn, NY | $19,517,446 | $18,747,224 |
Avi Chai Foundation New York, NY | $417,433,923 | $38,425,354 |
50 Broadway Realty Corp New York, NY | $106,628,317 | $16,489,338 |
Center For Community Alternatives Syracuse, NY | $5,921,893 | $12,987,614 |
Technical Assistance Collaborative Inc Boston, MA | $7,617,476 | $12,320,567 |
Starbridge Services Inc Rochester, NY | $4,814,747 | $13,376,433 |
Community Health Action Of Staten Island Inc Staten Island, NY | $10,310,732 | $11,148,216 |
Carl Fenichel Community Services Inc Brooklyn, NY | $12,251,363 | $5,691,898 |
Hart United Inc North Haven, CT | $3,744,334 | $8,818,103 |
New Square Community Improvement Council Inc New Square, NY | $7,666,025 | $8,815,852 |
Kings Bay Ym-Ywha Inc Brooklyn, NY | $12,626,720 | $11,475,108 |