Public Charity

BOSTON LOCAL DEVELOPMENT CORPORATION

Based in BOSTON, MA, BOSTON LOCAL DEVELOPMENT CORPORATION operates as a Public Charity. The organization reported $2.0M in revenue, $1.1M in expenses, $8.8M in total assets for fiscal year 2025. Imperigo tracks 36 reported grant relationships connected to this organization totaling approximately $2.8M.

EIN: 042681311 BOSTON, MA Urban & Community Economic Development NTEE: S31 Latest filing: 2025
Total Revenue$2.0M
Total Expenses$1.1M
Total Assets$8.8M
Grant Records36
Funding Total$2.8M
Filing Years2021–2025

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.

Officers & Directors

TREASURER Amina Scott
TRUSTEE E Renee Lefevre
TRUSTEE Frank L Davis Iii
SR. MANAGER FOR SMALL BUSI Gisella Soriano
PRESIDENT John E Marston
TRUSTEE Kathleen A Kelly

Officer compensation and complete director data available with membership.

Top Grant Purposes

Community Impact
$1,158,043 8 grants
SEE PART IV
$332,500 5 grants
ASSISTING RESIDENTS WITH CRITICAL FINANCIAL ISSUES RESULTING FROM COVID-19 ECONOMIC DISRUPTION
$312,000 4 grants
See Part IV
$287,500 1 grant
GENERAL SUPPORT
$235,000 4 grants

Financial Trends

Year Revenue Expenses Assets
2025 $2.0M $1.1M $8.8M
2024 $1.7M $1.2M $7.9M
2023 $2.0M $616K $7.7M
2022 $1.4M $1.0M $6.6M
2021 $896K $680K $6.0M

Between 2021 and 2025, reported annual revenue grew from $896K to $2.0M (+121%), with total assets most recently reported at $8.8M.

Interactive year-over-year charts and full filing details available with membership.

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