Nonprofit · EIN 04-3246555
BLUEHUB CAPITAL INC
Tax-exempt · BOSTON, MA 02119
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,366,821 | $1,305,735 | $1,061,086 | $16,122,451 | $4,560,249 | $11,562,202 |
| December 31, 2023 | 990 | $753,928 | $3,462,632 | -$2,708,704 | $12,694,943 | $4,193,827 | $8,501,116 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $108,031
- Program service revenue
- $1,890,622
- Investment income
- $368,047
- Other revenue
- $121
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $387,846
- Salaries, compensation and benefits (total)
- $421,063
- Professional fundraising fees
- $0
- Legal fees
- $615,140
- Depreciation
- $114,903
- Program services (functional)
- $1,017,815
- Management and general (functional)
- $176,621
- Fundraising (functional)
- $111,299
Balance sheet and other
- Total assets, start of year
- $12,694,943
- Total assets, end of year
- $16,122,451
- Total liabilities, end of year
- $4,560,249
- Net assets, end of year
- $11,562,202
- Land, buildings and equipment
- $1,617,963
- Net assets without donor restrictions
- $11,441,696
- Net assets with donor restrictions
- $120,506
- Gross receipts
- $2,366,821
- 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 | 10 | $242,010 | $726,027 | $244,082 |
| LISA ZAPPALA | EVP, CFO (UNTIL 9/2024) Officer | 18 | $194,499 | $237,720 | $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 | 40 | $271,892 | $0 | $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 | 20 | $118,767 | $118,767 | $58,799 |
| LUBNA ELIA | CHIEF ADMINISTRATIVE OFFICER Highest-paid employee | 40 | $265,600 | $0 | $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 | 40 | $85,077 | $0 | $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 | 6 | $145,687 | $825,555 | $117,866 |
| DEWITT JONES | EXECUTIVE VP & EX-OFFICIO Trustee or director, Officer | 4 | $42,600 | $383,397 | $83,792 |
| LISA ZAPPALA | CFO Officer | 12 | $122,268 | $285,291 | $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 | 12 | $69,380 | $161,886 | $85,009 |
| ANDREW KOH | SVP, OPERATIONS Highest-paid employee | 40 | $211,464 | $0 | $91,894 |
| BRENDA LOYA | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $245,536 | $0 | $41,330 |
| CHARLES CLARK | CHAIRMAN 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 |
| JULIE GOULD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARIA MAFFEI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MERCEDES TOMPKINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| VICTOR R RIVERA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| REESE FAYDE | 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
- HTTPS://BLUEHUBCAPITAL.ORG
- Return prepared by
- AAFCPAS INC
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.
Program accomplishments
- BLUEHUB CAPITAL WAS FORMED AS A HOLDING COMPANY THAT OVERSEES ADMINISTRATION, FINANCE, HUMAN RESOURCES, AND INVESTOR RELATIONS FOR THE ORGANIZATION AND ITS AFFILIATES. THE HOLDING COMPANY HAS ACTED AS DEVELOPER FOR ALL SOLAR ENERGY PROJECTS OWNED AND OPERATED TO DATE BY SOLAR ENERGY ADVANTAGE, INC., A CORPORATION WHICH IT OWNS 100% (SEE SCHEDULE R) AND HAS EARNED DEVELOPER FEES FOR THESE SERVICES. THESE DEVELOPER FEES FOR ALL FUTURE PROJECTS ARE NOW EARNED BY SOLAR ENERGY ADVANTAGE INC. DIRECTLY AND WILL NO LONGER BE INCLUDED ON SCHEDULE R.Expenses $482,943 · revenue $1,100,121
- 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 $534,872 · revenue $790,622
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
- 04-3246555
- 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 (L81)
- Assets (IRS master file)
- $16,122,451
- Income (IRS master file)
- $2,366,821
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,366,821 | $1,305,735 | $16,122,451 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $753,928 | $3,462,632 | $12,694,943 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $3,014,300 | $3,285,025 | $16,146,415 | 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-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 04-3246555).
Questions about BLUEHUB CAPITAL INC
- What is the EIN of BLUEHUB CAPITAL INC?
- The employer identification number (EIN) of BLUEHUB CAPITAL INC is 04-3246555.
- Is BLUEHUB CAPITAL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to BLUEHUB CAPITAL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BLUEHUB CAPITAL 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 BLUEHUB CAPITAL 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 BLUEHUB CAPITAL 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 BLUEHUB CAPITAL INC?
- The 990 for the year ended December 31, 2024 names ELYSE CHERRY.
- Who are the officers and directors of BLUEHUB CAPITAL INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 6 received compensation from the organization, the highest $242,010 (ELYSE CHERRY, CEO & EX-OFFICIO BOARD MEMBER).
- How much revenue does BLUEHUB CAPITAL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,366,821, expenses of $1,305,735 and total assets of $16,122,451 at year end.
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