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Nonprofits›Bluehub Capital Inc

Housing & Shelter

Bluehub Capital Inc

BOSTON, MA

Website

Total revenue

$2.4M

Total expenses

$1.3M

Net assets

$11.6M

Grants received

$2.4M

22 grants

EIN

043246555

Tax year

2024

Mission

To provide below market rate capital to community based organizations for development of affordable housing and to provide broader community lending that directly or indirectly benefits low income or disadvantaged people or communities.

Programs

1 program

Nsp residential, llc (nsp) was formed to combat community deterioration and improve general conditions where low-income people live and work. Nsp purchases residential properties and rehabilitates them to rent or sell to low-income individuals.

Expenses: $535K

Financials

FY 2024

Revenue

Contributions & grants$108K

Program service revenue$1.9M

Investment income$368K

Other revenue$121

Total revenue$2.4M

Expenses

Grants paid—

Salaries & benefits$421K

Fundraising$111K

Other expenses$885K

Total expenses$1.3M

Total assets$16.1M

Net assets$11.6M

People

19 listed

NameRoleCompensation

ELYSE CHERRY

CEO & EX-OFFICIO BOARD MEMBER

Board

$242K

10 hrs/wk

LISA ZAPPALA

EVP, CFO (UNTIL 9/2024)

Board

$194K

18 hrs/wk

JACQUELYN BARRY HAMILTON

CFO (AS OF 9/2024)

Board

$85K

40 hrs/wk

EDWARD DUGGER III

BOARD MEMBER

Board

—

1 hrs/wk

JULIE GOULD

BOARD MEMBER

Board

—

1 hrs/wk

MARIA MAFFEI

BOARD MEMBER

Board

—

1 hrs/wk

MERCEDES TOMPKINS

BOARD MEMBER

Board

—

1 hrs/wk

VICTOR R RIVERA

BOARD MEMBER

Board

—

1 hrs/wk

DEWITT JONES

PRESIDENT, BLUEHUB ENERGY

Board

—

KAREN KELLEHER

PRES. LOAN FUND, EX-OFFICIO BOARD MEM.

Board

—

CHARLES CLARK

CHAIRMAN OF THE BOARD

Board

—

1 hrs/wk

REESE FAYDE

VICE CHAIR OF THE BOARD

Board

—

1 hrs/wk

SARAH C LINCOLN

TREASURER OF THE BOARD

Board

—

1 hrs/wk

REVEREND JAMES WALSH SJ

CLERK OF THE BOARD

Board

—

1 hrs/wk

BRENDA LOYA

CHIEF OPERATING OFFICER

Staff

$272K

40 hrs/wk

LUBNA ELIA

CHIEF ADMINISTRATIVE OFFICER

Staff

$266K

40 hrs/wk

E MATTHEW GAUTIERI

SVP, CONTROLLER

Staff

$119K

20 hrs/wk

MICHAEL NILLES

SVP, COMMERCIAL LENDING, TEAM LEADER

Staff

—

ARUNABHA CHAKRAVARTY

SVP, PORTFOLIO MANAGEMENT

Staff

—

Independent contractors

SHERIN AND LODGEN

LEGAL SERVICES

$387K

SKYTERRA TECHNOLOGIES LLC

IT NETWORK SUPPORT

$303K

SHANNON WEISS

HR RECRUITING

$159K

BERLIN ROSEN LTD

MARKETING WEB DESIGN

$141K

RISK STRATEGIES

INSURANCE

$139K

Grants received

Showing 22 of 22

FromAmountPurposeYear

THE ROBERT WOOD JOHNSON FOUNDATION

$220K

82097 ADVANCING SOLUTIONS TO ADDRESSING LOCAL 'LEADERSHIP CAPACITY' ISSUES IN ORDER TO MAXIMIZE CAPITAL ABSORPTION IN RURAL PLACES IN NORTHERN NEW ENGLAND

2024

DORIS DUKE CHARITABLE FOUNDATION INC

$150K

TO SUPPORT THE FEDERAL RESERVE BANK OF BOSTONS WORKING COMMUNITIES CHALLENGE IN RURAL VERMONT

2024

THE ROBERT WOOD JOHNSON FOUNDATION

$10K

76010 EVOLVING THE WORKING CITIES CHALLENGE TO BENEFIT LOW- AND MODERATE-INCOME RESIDENTS IN SMALL CITIES AND RURAL AREAS OF NORTHERN NEW ENGLAND

2024

THE ROBERT WOOD JOHNSON FOUNDATION

$450K

80808 SUPPORTING THE FEDERAL RESERVE BANK OF BOSTON IN ADVANCING ECONOMIC INCLUSION IN UNDERINVESTED SMALL CITIES IN NEW ENGLAND

2023

Maine Community Foundation Inc

$165K

Community & Neighborhood Development

2023

OPPORTUNITY FINANCE NETWORK

$175K

FINANCE JUSTICE FUND SUBGRANT

2022

DORIS DUKE CHARITABLE FOUNDATION INC

$150K

TO SUPPORT THE FEDERAL RESERVE BANK OF BOSTONS LEADERS FOR EQUITABLE LOCAL ECONOMIES FELLOWSHIP, AN EQUITY-FOCUSED LEADERSHIP SKILLS TRAINING PROGRAM FOR MULTI-SECTOR TEAMS IN MASSACHUSETTS IMPLEMENTING STRATEGIES THAT PROMOTE ECONOMIC DEVELOPMENT

2022

THE RHODE ISLAND COMMUNITY FOUNDATION

$83K

RHODE ISLAND WORKING CITIES CHALLENGE

2022

NEIGHBORHOOD REINVESTMENT CORPORATION

$50K

GENERAL SUPPORT

2021

OPPORTUNITY FINANCE NETWORK

$200K

RENEWABLE ENERGY EFFICIENT GRANT

2020

DORIS DUKE CHARITABLE FOUNDATION INC

$200K

TO PILOT THE WORKING COMMUNITIES CHALLENGE TO ADVANCE CROSS-SECTOR COLLABORATION AND IMPROVE WELL-BEING FOR LOW-INCOME RESIDENTS OF SMALL CITIES AND RURAL COMMUNITIES IN VERMONT, MAINE, AND NEW HAMPSHIRE

2020

John T Gorman Foundation

$100K

To support the Working Communities Challenge

2020

NEIGHBORHOOD REINVESTMENT CORPORATION

$50K

GENERAL SUPPORT

2020

FIDELITY INVESTMENTS CHARITABLE GIFT FUND

$5K

For grant recipient's exempt purposes