Nonprofit · EIN 04-2681311
BOSTON LOCAL DEVELOPMENT CORP
Tax-exempt · BOSTON, MA 02114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,981,160 | $1,092,590 | $888,570 | $8,788,042 | $82,549 | $8,705,493 |
| June 30, 2024 | 990 | $1,726,871 | $1,239,278 | $487,593 | $7,934,873 | $117,950 | $7,816,923 |
| June 30, 2023 | 990 | $1,971,693 | $615,592 | $1,356,101 | $7,670,777 | $184,017 | $7,486,760 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,786,371
- Program service revenue
- $149,896
- Investment income
- $41,893
- Other revenue
- $3,000
Expenses
- Grants and similar amounts paid
- $475,968
- Compensation of officers, directors and key employees
- $172,245
- Other salaries and wages
- $46,742
- Salaries, compensation and benefits (total)
- $274,403
- Professional fundraising fees
- $0
- Legal fees
- $135
- Accounting fees
- $34,000
- Program services (functional)
- $935,697
- Management and general (functional)
- $156,893
Balance sheet and other
- Total assets, start of year
- $7,934,873
- Total assets, end of year
- $8,788,042
- Total liabilities, end of year
- $82,549
- Net assets, end of year
- $8,705,493
- Net assets without donor restrictions
- $5,272,003
- Net assets with donor restrictions
- $3,433,490
- Gross receipts
- $1,981,160
- Employees
- 0
- Volunteers
- 340
- Year formed
- 1979
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LISA HERRINGTON | GENERAL COUNSEL Officer | 1 | $0 | $192,424 | $64,462 |
| AMINA SCOTT | TREASURER Officer | 1 | $0 | $134,228 | $44,966 |
| GISELLA SORIANO | SR. MANAGER FOR SMALL BUSI Officer | 35 | $0 | $98,552 | $33,015 |
| TIM MATHIS | INTERIM DIRECTOR OF FINANCE Officer | 1 | $0 | $60,405 | $20,236 |
| WILLIAM P NICKERSON | GENERAL MANAGER Officer | 17.5 | $0 | $41,341 | $13,849 |
| JOHN E MARSTON | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| SEGUN IDOWU | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| MICHAEL F BURKE ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| FRANK L DAVIS III | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MARVIN E GILMORE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| REGINALD A NUNNALLY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MARIJO MCCARTHY ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KATHLEEN A KELLY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| E RENEE LEFEVRE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LISA HERRINGTON | GENERAL COUNSEL Officer | 1 | $0 | $199,382 | $64,462 |
| LINDA QIAN | CONTROLLER Officer | 1 | $0 | $172,324 | $57,729 |
| AMINA SCOTT | TREASURER Officer | 1 | $0 | $147,613 | $49,450 |
| WILLIAM P NICKERSON | GENERAL MANAGER Officer | 17.5 | $0 | $142,532 | $47,748 |
| GISELLA SORIANO | SR. MANAGER FOR SMALL BUSINESS/CORPORATE FINANCING Officer | 35 | $0 | $98,469 | $32,987 |
| JOHN E MARSTON | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| SEGUN IDOWU | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| MICHAEL F BURKE ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| FRANK L DAVIS III | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MARVIN E GILMORE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| REGINALD A NUNNALLY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MARIJO MCCARTHY ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KATHLEEN A KELLY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| E RENEE LEFEVRE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LINDA QIAN | FORMER TREASURER Officer | 1 | $0 | $133,263 | $44,643 |
| LISA HERRINGTON | BPDA INTERIM GENERAL COUNSEL Officer | 1 | $0 | $114,495 | $38,356 |
| WILLIAM P NICKERSON | GENERAL MANAGER Officer | 1 | $0 | $104,193 | $34,905 |
| GISELLA SORIANO | ASSISTANT CLERK Officer | 1 | $0 | $79,997 | $26,799 |
| AMINA SCOTT | TREASURER Officer | 1 | $0 | $50,769 | $17,008 |
| E RENEE LEFEVRE | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $53,375 | $0 |
| JOHN E MARSTON | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| MICHAEL F BURKE ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| FRANK L DAVIS III | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MARVIN E GILMORE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| REGINALD A NUNNALLY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MARIJO MCCARTHY ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KATHLEEN A KELLY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 43 HAWKINS STREET, BOSTON, MA 02114-2920
- Principal officer (990 for 2024)
- JOHN E MARSTON, 43 HAWKINS STREET, BOSTON, MA 02114
- Signed the 990
- JOHN E MARSTON, PRESIDENT
- Phone
- (617) 918-5414
- Return prepared by
- DANIEL DENNIS & COMPANY LLP
Mission
TO BENEFIT THE COMMUNITY BY FOSTERING INCREASED EMPLOYMENT OPPORTUNITIES AND EXPANSION OF BUSINESS AND INDUSTRY FOR THE CITIZENS OF THE CITY OF BOSTON. BLDC ACCOMPLISHES THIS BY PROVIDING LONG-TERM FINANCING TO FIRMS AND COMPANIES LOCATED IN THE CITY OF BOSTON, MASSACHUSETTS.
Program accomplishments
- BLDC SUBCONTRACTS WITH ITS AFFILIATE, EDIC, TO ADMINISTER A REVOLVING LOAN FUND TO PROMOTE INDUSTRIAL AND ECONOMIC DEVELOPMENT AND JOB GROWTH. 29 REVOLVING LOANS WERE SERVICED IN FISCAL YEAR 2025.Expenses $459,729 · revenue $152,896
- EARNED INCOME TAX CREDIT PROGRAM - VOLUNTEER INCOME TAX ASSISTANCE (VITA) COMMUNITY-BASED PROGRAM THAT HAS LED THE TAX EQUITY FIELD IN BOSTON FOR 20 YEARS. THE PROGRAM PROVIDES FREE, HIGH-QUALITY TAX PREPARATION AND ASSET BUILDING SERVICES IN EIGHT LANGUAGES TO APPROXIMATELY 11,587 LOW AND MODERATE-INCOME TAXPAYERS IN BOSTON ANNUALLY.Expenses $90,000 · grants $90,000
- FINANCIAL OPPORTUNITY CENTER - PROGRAM WHICH IS PROVIDED TO LOW-TO MODERATE-INCOME RESIDENTS BY PROVIDING CAREER SERVICES, TO HELP RESIDENTS START ON A PATHWAY THAT LEADS TO EMPLOYMENT OPPORTUNITIES THAT PAY LIVING WAGES, AND INDIVIDUALIZED FINANCIAL COACHING, WHICH BEGINS WITH A BUDGET AND GOAL FOR THE FUTURE, INCORPORATING SAVINGS AND ASSET BUILDING. THIS FREE COACHING TAKES PLACE IN ONE-ON-ONE MEETINGS OVER 18-24 MONTHS. THIS PROGRAM SUPPORTED APPROXIMATELY 437 RESIDENTS IN FISCAL YEAR 2025. CREDIT BUILDING PROGRAMMING. EARLY CHILDHOOD LITERACY, AND CHILDREN'S SAVINGS ACCOUNTS ARE ALSO KEY COMPONENTS OF THE SERVICES PROVIDED BY THE CENTER.Expenses $170,800 · grants $170,800
- ALL OTHER PROGRAMSExpenses $215,168 · grants $215,168
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2681311
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $8,788,042
- Income (IRS master file)
- $1,981,160
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,981,160 | $1,092,590 | $8,788,042 | IRS |
| 990 | June 2024 | $1,726,871 | $1,239,278 | $7,934,873 | IRS |
| 990 | June 2023 | $1,971,693 | $615,592 | $7,670,777 | XML |
| 990 | June 2022 | $1,383,525 | $1,013,356 | $6,574,456 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2681311).
Questions about BOSTON LOCAL DEVELOPMENT CORP
- What is the EIN of BOSTON LOCAL DEVELOPMENT CORP?
- The employer identification number (EIN) of BOSTON LOCAL DEVELOPMENT CORP is 04-2681311.
- Is BOSTON LOCAL DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to BOSTON LOCAL DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BOSTON LOCAL DEVELOPMENT CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BOSTON LOCAL DEVELOPMENT CORP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BOSTON LOCAL DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BOSTON LOCAL DEVELOPMENT CORP?
- The 990 for the year ended June 30, 2025 names JOHN E MARSTON.
- Who are the officers and directors of BOSTON LOCAL DEVELOPMENT CORP?
- The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does BOSTON LOCAL DEVELOPMENT CORP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,981,160, expenses of $1,092,590 and total assets of $8,788,042 at year end.
Other nonprofits in BOSTON
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND EIN 11-0303001 · last filed 990 for 2025
- FIDELITY NON-PROFIT MANAGEMENT FOUNDATION EIN 22-3195349 · last filed 990 for 2024
- THIRD SECTOR NEW ENGLAND INC EIN 04-2261109 · last filed 990 for 2025
- THE BRIDGESPAN GROUP INC EIN 31-1625487 · last filed 990 for 2024
- NEW PROFIT INC EIN 04-3396766 · last filed 990 for 2025
- HOMESTART INC EIN 04-3311270 · last filed 990 for 2025
- GREENLIGHT FUND INC EIN 20-0407083 · last filed 990 for 2024
- FSG INC EIN 20-2776974 · last filed 990 for 2024
All nonprofits in BOSTON · Massachusetts · Community improvement and capacity building