Public Charity

BOSTON LOCAL DEVELOPMENT CORPORATION

Based in BOSTON, MA, BOSTON LOCAL DEVELOPMENT CORPORATION operates as a Public Charity. The organization reported $1.7M in revenue, $1.2M in expenses, $7.9M in total assets for fiscal year 2024. Imperigo tracks 36 reported grant relationships connected to this organization totaling approximately $2.8M.

EIN: 042681311 BOSTON, MA Latest filing: 2024
Total Revenue$1.7M
Total Expenses$1.2M
Total Assets$7.9M
Grant Records36
Funding Total$2.8M
Filing Years2020–2024

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 BUSINESS/CORPORATE FINANCING 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
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
2020 $831K $1.2M $5.7M

Between 2020 and 2024, reported annual revenue grew from $831K to $1.7M (+108%), with total assets most recently reported at $7.9M.

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

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