NonprofitsBay Colony Development Corp

Bay Colony Development Corp

WALTHAM, MA

Total revenue

$5.0M

Total expenses

$4.1M

Net assets

$4.6M

Grants received

EIN

042738974

Tax year

2023

Mission

The organization provides sba 504 financing and microloans to small businesses located in new england.

Programs

1 program

Bcdc provides microloans ($50,000 maximum) to borrowers within the corporation's lending area. During the year, bcdc funded 5 loans totaling $125,000.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$4.9M
Investment income$143K
Other revenue
Total revenue$5.0M

Expenses

Grants paid$54K
Salaries & benefits$3.4M
Fundraising
Other expenses$727K
Total expenses$4.1M
Total assets$5.3M
Net assets$4.6M

People

19 listed

NameRoleCompensation

ERIK ADAMS

EXECUTIVE VP / SVP MARKETING

Board

$362K

40 hrs/wk

MARY KATHERINE MANSFIELD

PRESIDENT AND CEO

Board

$345K

40 hrs/wk

EBERTO RANERO

SVP MARKETING

Board

$208K

40 hrs/wk

HEATHER STORME

VP MARKETING

Board

$207K

40 hrs/wk

LAURA BROWN

VP MARKETING

Board

$196K

40 hrs/wk

BETTY ULE

CFO

Board

$188K

40 hrs/wk

ROSEMARIE FINN

VP UNDERWRITING

Board

$154K

40 hrs/wk

KIMBERLY LEGERE

VP SERVICING

Board

$141K

40 hrs/wk

DANIELLE BOUTIN

VP UNDERWRITING

Board

$127K

40 hrs/wk

MELINDA BATOR

VP UNDERWRITING

Board

$121K

40 hrs/wk

COLLEEN MURPHY GUARNIERI

VP CLOSING

Board

$115K

40 hrs/wk

TIMOTHY FAHEY

DIRECTOR

Board

$18K

2 hrs/wk

JAMES HEALEY

DIRECTOR

Board

$14K

5 hrs/wk

SCOTT VANDERSALL

VICE CHAIRMAN

Board

$14K

5 hrs/wk

REBECCA DEWOLFE

CHAIRWOMAN

Board

$14K

7 hrs/wk

RICHARD LEFFERTS

DIRECTOR

Board

$7K

4 hrs/wk

GEORGE BERBECO

DIRECTOR UNTIL 03/24

Board

$5K

2 hrs/wk

WILLIAM CANTOR

DIRECTOR

Board

$5K

2 hrs/wk

NINA LUCHKA

DIRECTOR

Board

$5K

2 hrs/wk

Details

EIN042738974
Subsection04
Ruling date1983-02
Formed1981
Employees16
Volunteers0
BAY COLONY DEVELOPMENT CORP — Mission, Financials & Grants Received | Grantivo