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Organizations Bay Colony Development Corp.

Bay Colony Development Corp.

Fiscal year ending 2021. Filed on February 3, 2022.

230 Third Ave 1st Fl
300
Waltham, Massachusetts 02451

Bay Colony Development Corp. (EIN: 04-2738974) has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2021 IRS Form 990 filing, Bay Colony Development Corp., a 501(c)(4) civic league or social welfare organization, reported compensation for 10 out of 16 total employees. Among the employees shown here, the average compensation is $180,065. The highest compensated employee at Bay Colony Development Corp. is Mary Mansfield with fiscal year 2021 compensation of $351,723.

Revenue, expenses, and employee compensation

Revenue

$4,580,376

Expenses

$3,604,803

Employee compensation

$2,663,547
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Mary Mansfield
President / Executive COMM
$351,723
$316,987 No related comp$34,736
Erik Adams
Senior Vice President, Marketing
$325,749
$303,831 No related comp$21,918
Eberto Ranero
Vice President, Marketing
$206,733
$201,315 No related comp$5,418
Betty Ule
CFO / Audit Committee
$168,125
$133,389 No related comp$34,736
Bradley Nichols
Former Vice President Marketing
$145,252
$145,252 No related compNo other comp
Heather Storme
Vice President, Marketing
$135,034
$135,034 No related compNo other comp
Rosemarie Finn
Vice President Underwriting
$131,375
$112,625 No related comp$18,750
Kimberly Legere
Vice President Servicing
$128,521
$115,085 No related comp$13,436
Danielle Boutin
Vice President Underwriting
$110,783
$110,783 No related compNo other comp
Colleen Murphy Guarnieri
Vice President Closing
$97,350
$92,514 No related comp$4,836

Benchmark Employee Compensation

Non-Employee Board Members

Timothy Fahey
Chairman/Executive Committ
$18,000
$18,000 No related compNo other comp
Rebecca Dewofle
Director / Executive Commi
$14,000
$14,000 No related compNo other comp
James Healey
Director / Executive Commi
$14,000
$14,000 No related compNo other comp
William Cantor
Director / Executive Commi
$14,000
$14,000 No related compNo other comp
Richard Lefferts
Director / Audit Committee
$6,000
$6,000 No related compNo other comp
George Berbeco
Director
$4,000
$4,000 No related compNo other comp
Michael Lanava
Director
$4,000
$4,000 No related compNo other comp
Scott Vandersall
Director
$4,000
$4,000 No related compNo other comp
Walter Huskins
Director / Deceased April 2020
$1,000
$1,000 No related compNo other comp
Nina Luchka
NEW Director AS of 9/30/2021
No compensation reported

Mission Statement

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.

Revisions to this organization profile

February 26, 2025:
2024 Bay Colony Development Corp. 990 filed
March 19, 2024:
2023 Bay Colony Development Corp. 990 filed
February 14, 2023:
2022 Bay Colony Development Corp. 990 filed

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