Nonprofit · EIN 04-3246552
BCLF VENTURES INC
Tax-exempt · BOSTON, MA 02119
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,374,260 | $5,371,352 | $1,002,908 | $81,992,387 | $49,435,189 | $32,557,198 |
| December 31, 2023 | 990 | $5,841,242 | $5,315,539 | $525,703 | $82,525,458 | $50,971,168 | $31,554,290 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,427,089
- Investment income
- $1,132,014
- Net gain from sales of assets
- $80,092
- Other revenue
- $815,157
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $494,284
- Other salaries and wages
- $1,381,442
- Salaries, compensation and benefits (total)
- $2,194,141
- Professional fundraising fees
- $0
- Legal fees
- $8,200
- Accounting fees
- $63,265
- Occupancy
- $87,411
- Travel
- $23,232
- Depreciation
- $20,623
- Program services (functional)
- $4,512,736
- Management and general (functional)
- $858,616
Balance sheet and other
- Total assets, start of year
- $82,525,458
- Total assets, end of year
- $81,992,387
- Total liabilities, end of year
- $49,435,189
- Net assets, end of year
- $32,557,198
- Net assets without donor restrictions
- $32,557,198
- Gross receipts
- $6,463,643
- Employees
- 56
- Volunteers
- 9
- Year formed
- 1994
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ELYSE CHERRY | CEO & EX-OFFICIO BOARD MEMBER Trustee or director, Officer | 16 | $387,215 | $580,822 | $244,082 |
| LISA ZAPPALA | EVP, CFO (UNTIL 9/2024) Officer | 8 | $86,443 | $345,776 | $81,864 |
| DEWITT JONES | PRESIDENT, BLUEHUB ENERGY Officer | 0 | $0 | $250,215 | $99,766 |
| KAREN KELLEHER | PRES. LOAN FUND & EX-OFFICIO BOARD MEM. Trustee or director, Officer | 0 | $0 | $305,695 | $37,788 |
| BRENDA LOYA | CHIEF OPERATING OFFICER Highest-paid employee | 0 | $0 | $271,892 | $41,289 |
| MICHAEL NILLES | SVP,COMMERCIAL LENDING, TEAM LEADER Highest-paid employee | 0 | $0 | $269,026 | $39,264 |
| E MATTHEW GAUTIERI | SVP, CONTROLLER Highest-paid employee | 6 | $35,630 | $201,904 | $58,799 |
| LUBNA ELIA | CHIEF ADMINISTRATIVE OFFICER Highest-paid employee | 0 | $0 | $265,600 | $17,040 |
| ARUNABHA CHAKRAVARTY | SVP, PORTFOLIO MANAGEMENT Highest-paid employee | 0 | $0 | $223,208 | $31,251 |
| JACQUELYN BARRY HAMILTON | CFO (AS OF 9/2024) Officer | 0 | $0 | $85,077 | $10,209 |
| CHARLES CLARK | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 | $0 |
| REESE FAYDE | VICE CHAIR OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SARAH C LINCOLN | TREASURER OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 | $0 |
| REVEREND JAMES WALSH SJ | CLERK OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 | $0 |
| EDWARD DUGGER III | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE GOULD | BOARD MEMBER Trustee or director | 1 | $0 |
| MARIA MAFFEI | BOARD MEMBER Trustee or director | 1 | $0 |
| MERCEDES TOMPKINS | BOARD MEMBER Trustee or director | 1 | $0 |
| VICTOR R RIVERA | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ELYSE CHERRY | CEO & EX-OFFICIO BOARD MEMBER Trustee or director, Officer | 16 | $388,497 | $582,745 | $117,866 |
| DEWITT JONES | EXECUTIVE VP & EX-OFFICIO Trustee or director, Officer | 0 | $0 | $425,997 | $83,792 |
| LISA ZAPPALA | CHIEF FINANCIAL OFFICER Officer | 8 | $81,511 | $326,048 | $57,904 |
| KATHRYN MCHUGH | SVP, COMMERCIAL LENDING Highest-paid employee | 0 | $0 | $318,083 | $45,427 |
| MICHAEL NILLES | SVP, COMMERCIAL LENDING, TEAM LEADER Highest-paid employee | 0 | $0 | $278,499 | $44,274 |
| E MATTHEW GAUTIERI | SVP, CONTROLLER Highest-paid employee | 6 | $34,690 | $196,576 | $85,009 |
| ANDREW KOH | SVP, OPERATIONS Highest-paid employee | 0 | $0 | $211,464 | $91,894 |
| BRENDA LOYA | CHIEF OPERATING OFFICER Highest-paid employee | 0 | $0 | $245,536 | $41,330 |
| CHARLES CLARK | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 | $0 |
| REV JAMES WALSH SJ | CLERK OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SARAH C LINCOLN | TREASURER OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JULIE GOULD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARIA MAFFEI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| VICTOR R RIVERA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MERCEDES TOMPKINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| REESE FAYDE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| EDWARD DUGGER III | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1785 COLUMBUS AVENUE 6TH FLOOR, BOSTON, MA 02119-1041
- Principal officer (990 for 2024)
- ELYSE CHERRY, 1785 COLUMBUS AVENUE 6TH FLOOR, BOSTON, MA 02119
- Signed the 990
- JACQUELYN BARRY HAMILTON, CHIEF FINANCIAL OFFICER
- Phone
- (617) 427-8600
- Website
- WWW.BLUEHUBCAPITAL.ORG
- Return prepared by
- AAFCPAS INC
Mission
COMMUNITY VENTURE CAPITAL
Program accomplishments
- THE ORGANIZATION MANAGES EQUITY INVESTMENT FUNDS WHICH INVEST IN BOTH EMERGING AND EXISTING BUSINESSES THAT CREATE JOBS OR PROVIDE SERVICES FOR LOW-INCOME COMMUNITIES.Expenses $181,448 · revenue $5,216,439
- THE ORGANIZATION'S DISREGARDED ENTITY, AURA MORTGAGE ADVISORS, ACTS AS A MORTGAGE BROKER/LENDER FOR LOW-INCOME PEOPLE AND COMMUNITIES.Expenses $4,331,288 · revenue $25,807
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
- 04-3246552
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L82)
- Assets (IRS master file)
- $81,992,387
- Income (IRS master file)
- $6,463,643
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,374,260 | $5,371,352 | $81,992,387 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $5,841,242 | $5,315,539 | $82,525,458 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $7,927,140 | $5,502,240 | $91,889,237 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 04-3246552).
Questions about BCLF VENTURES INC
- What is the EIN of BCLF VENTURES INC?
- The employer identification number (EIN) of BCLF VENTURES INC is 04-3246552.
- Is BCLF VENTURES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to BCLF VENTURES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BCLF VENTURES 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 BCLF VENTURES 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 BCLF VENTURES 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 BCLF VENTURES INC?
- The 990 for the year ended December 31, 2024 names ELYSE CHERRY.
- Who are the officers and directors of BCLF VENTURES INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 3 received compensation from the organization, the highest $387,215 (ELYSE CHERRY, CEO & EX-OFFICIO BOARD MEMBER).
- How much revenue does BCLF VENTURES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,374,260, expenses of $5,371,352 and total assets of $81,992,387 at year end.
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