Mission
IT IS BCDC'S MISSION TO BE THE LENDER OF CHOICE FOR SMALL BUSINESSES, BY INVESTING RESOURCES; BOTH MONETARILY AND PROFESSIONALLY, THAT OFFER CREATIVE FINANCING SOLUTIONS TO PROVIDE POSITIVE ECONOMIC IMPACT WITHIN THE COMMUNITIES WE SERVE.
Public Charity
BAY COLONY DEVELOPMENT CORP
BAY COLONY DEVELOPMENT CORP is a Public Charity headquartered in WALTHAM, MA. Financial data from the 2025 filing: $5.5M revenue, $4.9M expenses, $6.0M total assets. IRS filings disclose 45 grants awarded by this foundation, totaling roughly $236K.
EIN: 042738974
WALTHAM, MA
Latest filing: 2025
Total Revenue$5.5M
Total Expenses$4.9M
Total Assets$6.0M
Grants Given45
Grant Total$236K
Filing Years2021–2025
Where $100 goes at Bay Colony Development Corp
How Bay Colony Development Corp divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$84
Programs
the work itself
$16
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $84 for programs
$42
To assist small business concerns to finance owner occupied commercial real estate, purchases of land, machinery and equipment, and to assist with the growth and development of businesses…
$42
Bcdc provides microloans ($50,000 maximum) to borrowers within the corporation's lending area
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Before you apply to Bay Colony Development Corp
Who to contact, what to include, deadlines, typical grant size and geographic focus are available with membership.
Sample Grants Given
ECONOMIC DEVELOPMENT
$10,000
ECONOMIC DEVELOPMENT
$5,000
ECONOMIC DEVELOPMENT
$5,000
ECONOMIC DEVELOPMENT
$5,000
ECONOMIC DEVELOPMENT
$5,000
Showing up to 5 of 45 total records — full history available with membership.
Officers & Directors
CHIEF FINANCIAL OFFICER
Betty Ule
CLOSING SPECIALIST
Caileen Horrigan
VP CLOSING
Colleen Murphy Guarnieri
VP UNDERWRITING
Danielle Boutin
SVP MARKETING
Eberto Ranero
PRESIDENT AND CEO (AS OF 7/25)
Erik Adams
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $5.5M | $4.9M | $6.0M |
| 2024 | $5.0M | $4.1M | $5.3M |
| 2023 | $4.6M | $4.0M | $4.4M |
| 2022 | $4.1M | $3.9M | $3.4M |
| 2021 | $4.6M | $3.6M | $3.1M |
Between 2021 and 2025, reported annual revenue grew from $4.6M to $5.5M (+20%), with total assets most recently reported at $6.0M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in CT, MA, NH, RI, VT.
CTMANHRIVT
Full geographic grant map with state-by-state breakdown available with membership.