Nonprofit · EIN 04-2755270
E B C D C INC
Tax-exempt · EAST BOSTON, MA 02128
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,072,239 | $6,548,328 | $2,523,911 | $70,180,587 | $35,995,442 | $34,185,145 |
| December 31, 2023 | 990 | $6,792,963 | $6,473,629 | $319,334 | $63,331,704 | $36,209,114 | $27,122,590 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,260,063
- of which government grants
- $38,925
- Program service revenue
- $5,027,971
- Investment income
- $784,205
- Net gain from sales of assets
- $147,814
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $913,753
- Other salaries and wages
- $3,629,063
- Salaries, compensation and benefits (total)
- $5,753,752
- Professional fundraising fees
- $0
- Legal fees
- $52,576
- Accounting fees
- $46,004
- Occupancy
- $62,868
- Travel
- $25,920
- Depreciation
- $6,209
- Program services (functional)
- $4,542,330
- Management and general (functional)
- $2,005,998
Balance sheet and other
- Total assets, start of year
- $63,331,704
- Total assets, end of year
- $70,180,587
- Total liabilities, end of year
- $35,995,442
- Net assets, end of year
- $34,185,145
- Land, buildings and equipment
- $22,718,515
- Net assets without donor restrictions
- $34,174,145
- Net assets with donor restrictions
- $11,000
- Gross receipts
- $9,072,239
- Employees
- 62
- Volunteers
- 0
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALBERT CALDARELLI | FORMER PRESIDENT Key employee | 28 | $526,198 | $3,553 |
| SALVATORE COLOMBO | PRESIDENT Trustee or director, Officer | 28 | $352,450 | $20,541 |
| ALBERT FESTA | CHIEF OPERATING OFFICER Key employee | 28 | $306,953 | $17,398 |
| CYNTHIA FRONDUTO | CHIEF FINANCIAL OFFICER Highest-paid employee | 35 | $254,349 | $34,379 |
| TANYA HAHNEL | DIRECTOR OF REAL ESTATE Highest-paid employee | 35 | $168,077 | $19,692 |
| KEMPTON FLEMMING | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| HERIBERTO MORALES | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| BLANCA AYALA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RITA INGERSOLL | ASST. TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RUTH CAPONE | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS BRIAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PASQUALE CORDISCO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRANCIS BIAGIOTTI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH GARUFO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNIERATHA SAING | DIRECTOR Trustee or director | 1 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DONALD COVERDALE | DIRECTOR Trustee or director | 1 | $0 |
| JOHN MAFFEO | DIRECTOR Trustee or director | 1 | $0 |
| GLORIA RUIZ-AMAYA | DIRECTOR Trustee or director | 1 | $0 |
| KATHLEEN ORLANDO | DIRECTOR Trustee or director | 1 | $0 |
| BLANCA AYALA | DIRECTOR Trustee or director | 1 | $0 |
| FRIDA SANCHEZ | DIRECTOR Trustee or director | 1 | $0 |
| ANTHONY PICARELLO | DIRECTOR Trustee or director | 1 | $0 |
| JOHN MIGLIOZZI | DIRECTOR Trustee or director | 1 | $0 |
| NICOLE BECKLES | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALBERT CALDARELLI | FORMER PRESIDENT Officer | 28 | $301,878 | $17,951 |
| SALVATORE COLOMBO | PRESIDENT Trustee or director, Officer | 28 | $297,436 | $18,340 |
| ALBERT FESTA | CHIEF OPERATING OFFICER Officer | 28 | $281,565 | $16,382 |
| CYNTHIA FRONDUTO | CHIEF FINANCIAL OFFICER Highest-paid employee | 35 | $217,889 | $26,711 |
| TANYA HAHNEL | DIRECTOR OF REAL ESTATE Highest-paid employee | 35 | $132,741 | $13,845 |
| NICOLE BECKLES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUTH CAPONE | SECRETARY/CLERK Trustee or director, Officer | 1 | $0 | $0 |
| BLANCA AYALA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| FRIDA SANCHEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS BRIAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PASQUALE CORDISCO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRANCIS BIAGIOTTI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HERIBERTO MORALES | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| KEMPTON FLEMMING | CHAIR PERSON Trustee or director, Officer | 1 | $0 | $0 |
| ELIZABETH GARUFO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNIERATHA SAING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DONALD COVERDALE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN MAFFEO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GLORIA RUIZ-AMAYA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHLEEN ORLANDO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTHONY PICARELLO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RITA INGERSOLL | ASST. TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JOHN MIGLIOZZI | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 80 BORDER ST, EAST BOSTON, MA 02128-1926
- Principal officer (990 for 2024)
- SALVATORE COLOMBO, 80 BORDER STREET, East Boston, MA 02128
- Signed the 990
- CYNTHIA FRONDUTO-LOPEZ, CHIEF OPERATIONS OFFICER
- Phone
- (617) 569-5590
- Website
- www.ebcdc.com
- Return prepared by
- BERNARD JOHNSON & COMPANY PC
Mission
To assist the creation of affordable housing and economic development that benefits the residents of East Boston.
Program accomplishments
- Assisted entities in East Boston in developing different projects to increase the stock of low and medium income affordable housing available to the residents of East Boston.Expenses $4,542,330 · revenue $5,027,971
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2755270
- 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
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $70,180,587
- Income (IRS master file)
- $9,072,239
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,072,239 | $6,548,328 | $70,180,587 | XML |
| 990 | December 2023 | $6,792,963 | $6,473,629 | $63,331,704 | XML |
| 990 | December 2022 | $4,994,737 | $4,962,301 | $63,496,599 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 04-2755270).
Questions about E B C D C INC
- What is the EIN of E B C D C INC?
- The employer identification number (EIN) of E B C D C INC is 04-2755270.
- Is E B C D C INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to E B C D C INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does E B C D C INC 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 E B C D C INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did E B C D C INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of E B C D C INC?
- The 990 for the year ended December 31, 2024 names SALVATORE COLOMBO.
- Who are the officers and directors of E B C D C INC?
- The 990 for the year ended December 31, 2024 lists 24 people; 5 received compensation from the organization, the highest $526,198 (ALBERT CALDARELLI, FORMER PRESIDENT).
- How much revenue does E B C D C INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,072,239, expenses of $6,548,328 and total assets of $70,180,587 at year end.
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