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Organizations Community Improvement & Capacity Building Dorchester Bay Economic Development Corporation

Dorchester Bay Economic Development Corporation

Fiscal year ending 2022. Filed on November 15, 2023.

594 Columbia Road
Dorchester, Massachusetts 02125

Dorchester Bay Economic Development Corporation (EIN: 04-2681632) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Dorchester Bay Economic Development Corporation, a 501(c)(3) charitable organization, reported compensation for 8 out of 37 total employees. Among the employees shown here, the average compensation is $180,710. The highest compensated employee at Dorchester Bay Economic Development Corporation is Charles McVea with fiscal year 2022 compensation of $257,043.

Revenue, expenses, and employee compensation

Revenue

$10,163,285

Expenses

$8,063,463

Employee compensation

$2,115,106
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Charles McVea
Finance and Administration Director
$257,043
$207,692 No related comp$49,351
Beth O'Donnell
Real Estate Director
$220,320
$180,000 No related comp$40,320
Kimberly Lyle
Chief Executive Officer (AS of 5/22)
$213,931
$177,500 No related comp$36,431
Perry Newman
Chief Executive Officer (Until 5/22)
$199,059
$168,024 No related comp$31,035
Timothy Caplice
ASS Director of Asset Management
$172,454
$125,000 No related comp$47,454
William Riordan
Accounting Manager
$172,274
$125,000 No related comp$47,274
Vincent Pina
Human Resources Director
$126,111
$101,363 No related comp$24,748
David Simmons
Director of Finance and Admin (AS of 11/2022)
$84,486
$64,356 No related comp$20,130

Benchmark Employee Compensation

Non-Employee Board Members

An Duong
Board Member
Brian Welch
Treasurer
Daryl Wright
Board Member
Derrick Bellinger
Board Member
Eileen Kenner
Board Member
Jose Perez
Board Member
Keith Greenaway
Board Member (Until 9/2022)
Kristen Halbert
Board Member
Leighton Richardson
Vice President
Lorraine Payne Wheeler
Clerk
Maria Andrade
Board Member
Mary Walker
Board Member

Contractors

Aafcpas Inc.
Audit and Accounting
$208,786
Eos Transition Partners
Executive Placement
$126,667
Stull & Lee
Architects
$109,604

Mission Statement

DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION ACTS TO BUILD A STRONG, THRIVING, AND DIVERSE COMMUNITY IN BOSTON'S DORCHESTER NEIGHBORHOODS. WORKING CLOSELY WITH NEIGHBORHOODS, RESIDENTS, BUSINESSES AND PARTNERS, WE ACCESS RESOURCES TO:-DEVELOP AND PRESERVE HOME OWNERSHIP AND RENTAL HOUSING ACROSS INCOME LEVELS-CREATE AND SUSTAIN ECONOMIC DEVELOPMENT OPPORTUNITIES FOR BUSINESSES AND INDIVIDUALS-BUILD COMMUNITY THROUGH ORGANIZING, CIVIC ENGAGEMENTS, AND LEADERSHIP DEVELOPMENT.

Revisions to this organization profile

October 24, 2025:
2024 Dorchester Bay Economic Development Corporation 990 filed
November 15, 2024:
2023 Dorchester Bay Economic Development Corporation 990 filed
November 15, 2023:
2022 Dorchester Bay Economic Development Corporation 990 filed

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