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 38 reported grant relationships connected to this organization totaling approximately $3.1M.

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 Records38
Funding Total$3.1M
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.

Where $100 goes at Boston Local Development Corporation

How Boston Local Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$91 Programs the work itself
$9 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 $91 for programs

$45
Bldc subcontracts with its affiliate, edic, to administer a revolving loan fund to promote industrial and economic development and job growth
49% of program spending · Reported in the filing: 29 loans
$21
All other programs
23% of program spending
$16
Financial opportunity center
18% of program spending · Reported in the filing: 437 residents

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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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.

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

General Support
$2,017,884 22 grants
Health & Medicine
$312,000 4 grants
Economic Development
$130,000 4 grants
Youth Development
$20,000 1 grant
Unspecified
$620,000 6 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.

See the full picture for BOSTON LOCAL DEVELOPMENT CORPORATION

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