Bclf Ventures Inc
- Assets
- $104.6m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 50
- Location
- Boston, MA
- Founding
- 06/1996
- Data as of
- 12/2021
- EIN
- 04-3246552
Organization Overview
Bclf Ventures Inc is located in Boston, MA. The organization was established in 1996. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Bclf Ventures Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bclf Ventures 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, Bclf Ventures Inc generated $7.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $6.0m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY VENTURE CAPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MANAGES EQUITY INVESTMENT FUNDS WHICH INVEST IN BOTH EMERGING AND EXISTING BUSINESSES THAT CREATE JOBS OR PROVIDE SERVICES FOR LOW-INCOME COMMUNITIES.
THE ORGANIZATION'S DISREGARDED ENTITY, AURA MORTGAGE ADVISORS, ACTS AS A MORTGAGE BROKER/LENDER FOR LOW-INCOME PEOPLE 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 CEO & Ex-Officio Board Member | OfficerTrustee | 16 | $319,254 |
Dewitt Jones Executive VP & Ex-Officio | OfficerTrustee | 0 | $0 |
Michelle Volpe President, Loan Fund (until 4/22) & Ex-Officio Boa | OfficerTrustee | 0 | $0 |
Michael Nilles Interim President, Loan Fund & Ex-Officio Board Me | OfficerTrustee | 0 | $0 |
Charles Clark Chairman Of The Board | OfficerTrustee | 1 | $0 |
Rev James Walsh Sj Clerk Of The Board | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $10,915 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,116,147 |
| Statement of Expenses | |
|---|---|
| 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. | $400,846 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,491,277 |
| Pension plan accruals and contributions | $30,419 |
| Other employee benefits | $220,555 |
| Payroll taxes | $98,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $118,634 |
| Fees for services: Accounting | $32,761 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $215,101 |
| Advertising and promotion | $114,998 |
| Office expenses | $34,588 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,146 |
| Travel | $641 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,863 |
| Interest | $2,750,415 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,918 |
| Insurance | $61,661 |
| All other expenses | $0 |
| Total functional expenses | $5,999,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,140,457 |
| Savings and temporary cash investments | $885,380 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,403,892 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $106,848 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $72,102,757 |
| Intangible assets | $0 |
| Other assets | $3,182 |
| Total assets | $104,642,516 |
| Accounts payable and accrued expenses | $48,896 |
| Grants payable | $0 |
| Deferred revenue | $1,826,265 |
| 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 | $74,898,871 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $50,672 |
| Total liabilities | $76,824,704 |
| Net assets without donor restrictions | $27,817,812 |
| 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 |
| Total liabilities and net assets/fund balances | $27,817,812 |