Overview

Sign up for

Est.

1979

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Dorchester Bay Economic Development Corporation (EIN: 04-2681632) is a nonprofit organization dedicated to fostering a strong, thriving, and diverse community in Boston's Dorchester neighborhoods. With an operating budget of $7.5 million and total revenue of $7.2 million for the 2024 filing year, the organization focuses on urban development by promoting home ownership and rental housing, creating economic opportunities, and enhancing community engagement through civic initiatives. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit www.dbedc.org.

Mission Statement

DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION ACTS TO BUILD A STRONG, THRIVING, AND DIVERSE COMMUNITY IN BOSTON'S DORCHESTER NEIGHBORHOODS. WORKING CLOSELY WITH NEIGHBORHOODS, RESIDENTS, BUSINESSES AND PARTNERS, WE ACCESS RESOURCES TO:-DEVELOP AND PRESERVE HOME OWNERSHIP AND RENTAL HOUSING ACROSS INCOME LEVELS-CREATE AND SUSTAIN ECONOMIC DEVELOPMENT OPPORTUNITIES FOR BUSINESSES AND INDIVIDUALS-BUILD COMMUNITY THROUGH ORGANIZING, CIVIC ENGAGEMENTS, AND LEADERSHIP DEVELOPMENT.
Revenues
$7.2M
Expenses
$7.7M
Net Income:
-$427.1K
Assets
$55.1M
Liabilities
$29.5M
Net Assets:
+$25.6M
Operating Budget
$7.5M
Operating Budget by Year

Due Diligence

Are you a grantmaker?
Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
plg-image
plg-image
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
Total No. of Grants
10
Median grant size
$43.7K
Largest grant received
$500K
R
Ricky Ochilo
Board Member
E
Eileen Kenner
Board Member
R
Rosalyn Johnson
Board Member

Frequently Asked Questions

What is DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION’s budget?
In 2024, DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION reported an annual operating budget of around $7.5 million. More detailed financial information is available to registered users.
What causes does DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION support?
DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION supports work in Urban development.
Where does DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION operate?
DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION is headquartered in Dorchester, MA.
Who funded DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION recently?
In 2025, DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION received grants from TD CHARITABLE FOUNDATION, BOSTON HOMEOWNER SERVICES COLLABORATIVE INC, and FIDELITY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION received in 2024?
The largest grant to DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION in 2024 exceeds $500 thousand.
What is DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION’s reliance on government grants?
DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION relied on government grants for more than 5% of their total revenue in 2024.