Bay Colony Development Corp

Waltham, MA
Tax-exempt since Feb. 1983
EIN: 04-2738974

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Type of Nonprofit

Designated as a 501(c)(4) Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Donations to this organization are not tax deductible.

Details

According to its Sept. 2024 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$5.02M (2024)

Expenses

$4.14M (2024)

Total Assets

$5.32M (2024)

Total Liabilities

$722k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2024

Revenue

$5,023,750

Expenses

$4,144,965

Net Income

$878,785

Net Assets

$4,598,175

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,881,009	97.2%
Investment Income	$144,486	2.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,745
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,795,990	67.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$317,995	7.7%

Assets/Debt
Total Assets	$5,320,645
Total Liabilities	$722,470
Net Assets	$4,598,175

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Erik Adams (Executive Vp / Svp Marketing)	$362,298	$0	$94,530
Mary Katherine Mansfield (President And Ceo)	$345,223	$0	$64,972
Eberto Ranero (Svp Marketing)	$207,745	$0	$34,719
Heather Storme (Vp Marketing)	$207,063	$0	$20,873
Laura Brown (Vp Marketing)	$196,176	$0	$20,233
Betty Ule (Cfo)	$188,014	$0	$53,333
Rosemarie Finn (Vp Underwriting)	$154,324	$0	$18,767
Kimberly Legere (Vp Servicing)	$140,530	$0	$47,708
Danielle Boutin (Vp Underwriting)	$126,510	$0	$13,380
Melinda Bator (Vp Underwriting)	$121,220	$0	$12,830
Colleen Murphy Guarnieri (Vp Closing)	$114,801	$0	$39,389
Timothy Fahey (Director)	$18,000	$0	$0
James Healey (Director)	$14,000	$0	$0
Rebecca Dewolfe (Chairwoman)	$14,000	$0	$0
Scott Vandersall (Vice Chairman)	$14,000	$0	$0
Richard Lefferts (Director)	$7,000	$0	$0
Nina Luchka (Director)	$5,000	$0	$0
William Cantor (Director)	$5,000	$0	$0
George Berbeco (Director Until 03/24)	$5,000	$0	$0

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990

Filed on Feb. 26, 2025

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Fiscal Year Ending Sept.
2023

Revenue

$4,591,941

Expenses

$3,962,002

Net Income

$629,939

Net Assets

$3,687,053

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,496,761	97.9%
Investment Income	$69,652	1.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$25,528	0.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,592,742	65.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$330,693	8.3%

Assets/Debt
Total Assets	$4,414,025
Total Liabilities	$726,972
Net Assets	$3,687,053

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Erik Adams (Evp Sales & Marketing)	$400,946	$0	$67,106
Mary Katherine Mansfield (President And Ceo)	$313,961	$0	$62,525
Eberto Ranero (Svp Business Development)	$209,349	$0	$37,912
Laura Brown (Vp Business Development)	$205,793	$0	$909
Heather Storme (Vp Business Development)	$186,879	$0	$20,312
Betty Ule (Senior Vp, Cfo, And Cco)	$177,397	$0	$51,454
Rosemarie Finn (Vp Credit Manager)	$155,042	$0	$18,865
Kimberly Legere (Vp Portfolio Management)	$131,351	$0	$46,463
Danielle Boutin (Vp Underwriting)	$127,500	$0	$13,506
Melinda Bator (Vp Underwriting)	$122,121	$0	$12,904
Colleen Murphy Guarnieri (Vp Closing)	$105,718	$0	$38,110
Timothy Fahey (Chairman)	$18,000	$0	$0
James Healey (Director)	$14,000	$0	$0
Rebecca Dewolfe (Director)	$14,000	$0	$0
William Cantor (Director)	$14,000	$0	$0
Richard Lefferts (Director)	$6,500	$0	$0
George Berbeco (Director)	$4,500	$0	$0
Michael Lanava (Director)	$4,500	$0	$0
Nina Luchka (Director)	$4,500	$0	$0
Scott Vandersall (Director)	$4,500	$0	$0

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990

Filed on March 19, 2024

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Fiscal Year Ending Sept.
2022

Revenue

$4,128,330

Expenses

$3,908,557

Net Income

$219,773

Net Assets

$2,988,181

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,123,841	99.9%
Investment Income	$4,489	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,929,886	49.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$548,572	14.0%

Assets/Debt
Total Assets	$3,401,192
Total Liabilities	$413,011
Net Assets	$2,988,181

Compensation

Key Employees and Officers	Compensation	Related	Other
Erik Adams (Svp Marketing)	$392,343	$0	$18,000
Mary Mansfield (President / Executive Committee)	$281,604	$0	$26,000
Eberto Ranero (Vp Marketing)	$201,141	$0	$3,600
Heather Storme (Vp Marketing)	$182,210	$0	$1,500
Betty Ule (Cfo)	$141,956	$0	$26,000
Rosemarie Finn (Vp Underwriting)	$130,192	$0	$20,600
Danielle Boutin (Vp Underwriting)	$123,542	$0	$0
Kimberly Legere (Vp Servicing)	$120,522	$0	$4,800
Colleen Murphy Guarnieri (Vp Closing)	$98,762	$0	$1,200
Laura Brown (Vp Marketing)	$53,667	$0	$0
Timothy Fahey (Chairman/Executive Committ)	$18,000	$0	$0
James Healey (Director / Executive Commi)	$14,000	$0	$0
Rebecca Dewofle (Director / Executive Commi)	$14,000	$0	$0
William Cantor (Director / Executive Commi)	$14,000	$0	$0
Richard Lefferts (Director)	$6,000	$0	$0
George Berbeco (Director)	$4,000	$0	$0
Michael Lanava (Director)	$4,000	$0	$0
Scott Vandersall (Director)	$4,000	$0	$0
Nina Luchka (Director)	$2,000	$0	$0

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990

Filed on Feb. 14, 2023

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Fiscal Year Ending Sept.
2021

Revenue

$4,580,376

Expenses

$3,604,803

Net Income

$975,573

Net Assets

$2,769,073

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,575,192	99.9%
Investment Income	$5,245	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$61
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,740,308	48.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$555,130	15.4%

Assets/Debt
Total Assets	$3,095,960
Total Liabilities	$326,887
Net Assets	$2,769,073

Compensation

Key Employees and Officers	Compensation	Related	Other
Mary Mansfield (President / Executive Comm)	$316,987	$0	$34,736
Erik Adams (Svp Marketing)	$303,831	$0	$21,918
Eberto Ranero (Vp Marketing)	$201,315	$0	$5,418
Bradley Nichols (Former Vp Marketing)	$145,252	$0	$0
Heather Storme (Vp Marketing)	$135,034	$0	$0
Betty Ule (Cfo / Audit Committee)	$133,389	$0	$34,736
Kimberly Legere (Vp Servicing)	$115,085	$0	$13,436
Rosemarie Finn (Vp Underwriting)	$112,625	$0	$18,750
Danielle Boutin (Vp Underwriting)	$110,783	$0	$0
Colleen Murphy Guarnieri (Vp Closing)	$92,514	$0	$4,836
Timothy Fahey (Chairman/Executive Committ)	$18,000	$0	$0
Rebecca Dewofle (Director / Executive Commi)	$14,000	$0	$0
William Cantor (Director / Executive Commi)	$14,000	$0	$0
James Healey (Director / Executive Commi)	$14,000	$0	$0
Richard Lefferts (Director / Audit Committee)	$6,000	$0	$0
George Berbeco (Director)	$4,000	$0	$0
Michael Lanava (Director)	$4,000	$0	$0
Scott Vandersall (Director)	$4,000	$0	$0
Walter Huskins (Director / Deceased April 2020)	$1,000	$0	$0
Nina Luchka (New Director As Of 9/30/2021)	$0	$0	$0

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990

Filed on Feb. 3, 2022

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Fiscal Year Ending Sept.
2020

Revenue

$3,834,582

Expenses

$3,355,516

Net Income

$479,066

Net Assets

$1,791,765

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,830,167	99.9%
Investment Income	$8,612	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$4,197
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,569,606	46.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$455,988	13.6%

Assets/Debt
Total Assets	$2,070,794
Total Liabilities	$279,029
Net Assets	$1,791,765

Compensation

Key Employees and Officers	Compensation	Related	Other
Erik Adams (Svp Marketing)	$294,449	$0	$21,918
Mary Mansfield (President / Executive Committee / Audit Committee)	$272,477	$0	$32,636
Eberto Ranero (Vp Marketing)	$182,231	$0	$5,418
Bradley Nichols (Vp Marketing)	$161,975	$0	$0
Rosemarie Finn (Vp Underwriting)	$126,972	$0	$4,500
Betty Ule (Cfo / Audit Committee)	$122,156	$0	$33,636
Heather Storme (Vp Marketing)	$117,573	$0	$0
Kimberly Legere (Vp Servicing)	$109,293	$0	$13,436
Danielle Boutin (Vp Underwriting)	$105,900	$0	$0
Colleen Murphy Guarnieri (Vp Closing)	$88,952	$0	$4,836
Timothy Fahey (Chairman/Executive Committee)	$16,000	$0	$0
Rebecca Dewofle (Director / Executive Committee / Audit Chair)	$14,000	$0	$0
William Cantor (Director / Executive Committee)	$14,000	$0	$0
James Healey (Director / Executive Committee)	$14,000	$0	$0
Walter Huskins (Director / Deceased April 2020)	$5,500	$0	$0
Richard Lefferts (Director / Audit Committee)	$5,000	$0	$0
George Berbeco (Director)	$4,000	$0	$0
Michael Lanava (Director)	$4,000	$0	$0
Scott Vandersall (New Director As Of March 13, 2019)	$3,000	$0	$0

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990

Filed on Feb. 1, 2021

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Fiscal Year Ending Sept.
2019

Revenue

$3,564,957

Expenses

$3,386,306

Net Income

$178,651

Net Assets

$1,314,227

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,555,832	99.7%
Investment Income	$10,884	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,759
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,567,672	46.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$399,139	11.8%

Assets/Debt
Total Assets	$1,678,377
Total Liabilities	$364,150
Net Assets	$1,314,227

Compensation

Key Employees and Officers	Compensation	Related	Other
Erik Adams (Svp Marketing)	$271,847	$0	$21,918
Mary Mansfield (President / Executive Comm)	$260,135	$0	$29,636
Eberto Ranero (Vp Marketing)	$174,135	$0	$5,418
Bradley Nichols (Vp Marketing)	$155,383	$0	$0
Rosemarie Finn (Vp Underwriting)	$120,435	$0	$0
Heather Storme (Vp Marketing)	$118,765	$0	$0
Betty Ule (Cfo / Audit Committee)	$113,464	$0	$32,536
Kimberly Legere (Vp Servicing)	$104,606	$0	$10,436
Danielle Boutin (Vp Underwriting)	$101,150	$0	$0
Colleen Guarnieri (Vp Closing)	$84,507	$0	$3,473
George R Berbeco (Chairman / Executive Committee)	$24,000	$0	$0
Walter E Huskins (Director / Exec Comm / Of Counsel)	$24,000	$0	$0
Timothy Fahey (Director / Exec Comm / Audit Chair)	$14,000	$0	$0
Michael Lanava (Director / Executive Committee)	$14,000	$0	$0
Rebecca Dewolfe (Director / Audit Committee)	$6,000	$0	$0
William Cantor (Director)	$4,000	$0	$0
Richard Lefferts (Director)	$4,000	$0	$0
James Healey (Director)	$4,000	$0	$0
Scott Vandersall (New Director As Of March 13, 2019)	$0	$0	$0

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990

Filed on Feb. 7, 2020

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Fiscal Year Ending Sept.
2018

Revenue

$3,291,149

Expenses

$3,227,221

Net Income

$63,928

Net Assets

$1,137,189

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,287,416	99.9%
Investment Income	$4,400	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$667
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,880,939	58.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,537,209
Total Liabilities	$400,020
Net Assets	$1,137,189

Compensation

Key Employees and Officers	Compensation	Related	Other
Erik Adams (Svp Marketing)	$262,137	$0	$21,906
Mary Mansfield (President / Executive Committee / Audit Committee)	$245,141	$0	$27,624
Eberto Ranero (Vp Marketing)	$162,330	$0	$5,412
Brad Nichols (Vp Marketing)	$129,177	$0	$14,400
Rosemarie Finn (Vp Underwriting)	$112,982	$0	$0
Kim Legere (Vp Servicing)	$107,943	$0	$8,424
Betty Ule (Cfo / Audit Committee)	$105,834	$0	$27,624
Terrence King (Former Employee (6/30/17))	$95,638	$0	$12,106
Danielle Boutin (Vp Underwriting)	$94,183	$0	$0
Colleen Guarnieri (Vp Closing)	$81,300	$0	$1,200
Heather Storme (Vp Marketing)	$27,750	$0	$0
George R Berbeco (Chairman/Executive Committee)	$24,000	$0	$0
Walter E Huskins (Director / Executive Committee / Of Counsel)	$24,000	$0	$0
Timothy Fahey (Director / Executive Committee / Audit Chair)	$14,000	$0	$0
Michael Lanava (Director / Executive Committee)	$14,000	$0	$0
Rebecca Dewolfe (Director / Audit Committee)	$6,000	$0	$0
William Cantor (Director)	$4,000	$0	$0
Richard Lefferts (Director)	$4,000	$0	$0
Elden Dube (Director Retired Feburary 2018)	$4,000	$0	$0
James Healey (Director)	$1,000	$0	$0

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990

Filed on Feb. 4, 2019

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Fiscal Year Ending Sept.
2017

Revenue

$3,131,043

Expenses

$3,089,844

Net Income

$41,199

Net Assets

$1,067,320

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,130,925	100.0%
Investment Income	$118	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,750,116	56.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,375,750
Total Liabilities	$308,430
Net Assets	$1,067,320

Compensation

Key Employees and Officers	Compensation	Related	Other
Erik Adams (Sr Vice President)	$252,343	$0	$20,060
David King (Vice President)	$212,067	$0	$434
Mary Mansfield (President/E Xec. Committee)	$201,428	$0	$27,561
Eberto Ranero (Vice President)	$162,152	$0	$5,381
Brad Nichols (Vice President)	$140,849	$0	$14,400
Terrence King (Vice President)	$132,466	$0	$16,540
Rosemarie Finn (Vice President)	$102,792	$0	$0
Betty Ule (Cfo & Cco)	$98,647	$0	$27,561
Kim Legere (Vice President)	$93,522	$0	$4,561
Danielle Boutin (Vice President)	$84,042	$0	$0
Colleen Guarnieri (Vice President)	$49,025	$0	$975
George R Berbeco (Chairman/Exec.Committee)	$24,000	$0	$0
Walter E Huskins (Director/Exec.Committee)	$21,500	$0	$0
Michael Lanava (Director/Exec.Committee)	$14,000	$0	$0
Timothy Fahey (Director/Exec.Committee)	$14,000	$0	$0
Richard Lefferts (Director)	$4,000	$0	$0
Rebecca Dewolfe (Director)	$4,000	$0	$0
William Cantor (Director)	$3,000	$0	$0
Eldon Dube (Director)	$3,000	$0	$0

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990

Filed on May 29, 2018

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Fiscal Year Ending Sept.
2016

Revenue

$3,091,991

Expenses

$3,167,826

Net Income

-$75,835

Net Assets

$1,015,993

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,091,655	100.0%
Investment Income	$336	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,843,949	58.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,272,243
Total Liabilities	$256,250
Net Assets	$1,015,993

Compensation

Key Employees and Officers	Compensation	Related	Other
David King (Vice President)	$334,000	$0	$6,000
Erik Adams (Sr Vice President)	$242,711	$0	$21,000
Eberto Ranero (Vice President)	$167,872	$0	$4,950
Barrie Kking (Former Vice President)	$144,500	$0	$25,500
Mary Mansfield (President/Exec. Committee)	$132,500	$0	$27,000
Brad Nichols (Vice President)	$125,673	$0	$0
Terrence King (Vice President)	$111,331	$0	$6,900
Rosemarie Finn (Vice President)	$89,249	$0	$0
Betty Ule (Cfo & Cco)	$80,999	$0	$27,000
Danielle Boutin (Vice President)	$74,250	$0	$0
Kim Legere (Vice President)	$37,522	$0	$1,375
Walter E Huskins (Director/Exec.Committee)	$20,300	$0	$0
George R Berbeco (Chairman/Exec.Committee)	$16,450	$0	$0
Timothy Fahey (Director/Exec.Committee)	$14,000	$0	$0
Michael Lanava (Director/Exec.Committee)	$11,500	$0	$0
Richard Lefferts (Director)	$4,000	$0	$0
Eldon Dube (Director)	$4,000	$0	$0
William Cantor (Director)	$3,000	$0	$0
Rebecca Dewolfe (Director)	$3,000	$0	$0

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990

Filed on May 1, 2017

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Fiscal Year Ending Sept.
2015

Revenue

$3,041,867

Expenses

$3,132,766

Net Income

-$90,899

Net Assets

$1,083,722

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,053,814	> 100%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$11,947
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,850,436	59.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,380,659
Total Liabilities	$296,937
Net Assets	$1,083,722

Compensation

Key Employees and Officers	Compensation	Related	Other
David King (President/Exec. Committee)	$397,500	$0	$5,500
Erik Adams (Sr Vice President)	$195,428	$0	$15,000
Barrie King (Chief Fin/Compliance Offic)	$148,500	$0	$24,500
Eberto Ranero (Vice President)	$143,265	$0	$1,500
Mary Mansfield (Exec Vice President/Clerk)	$123,230	$0	$20,500
Rosemarie Finn (Vice President)	$87,256	$0	$7,660
Betty Ule (Sr Vice President)	$83,771	$0	$20,500
Danielle Boutin (Vice President)	$72,917	$0	$0
George R Berbeco (Chairman/Exec. Committee)	$12,500	$0	$0
Walter E Huskins (Director/Exec.Committee)	$12,500	$0	$0
Timothy Fahey (Director/Exec.Committee)	$12,500	$0	$0
Richard Lefferts (Director)	$3,000	$0	$0
William Cantor (Director)	$2,000	$0	$0
Michael Lanava (Director)	$2,000	$0	$0
Eldon Dube (Director)	$1,000	$0	$0
Rebecca Dewolfe (Director)	$0	$0	$0

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990

Filed on March 23, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2014

Revenue

$2,902,228

Expenses

$2,812,849

Net Income

$89,379

Net Assets

$1,179,664

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,902,090	100.0%
Investment Income	$138	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,652,476	58.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,367,850
Total Liabilities	$188,186
Net Assets	$1,179,664

Compensation

Key Employees and Officers	Compensation	Related	Other
David King (President/Exec. Committee)	$588,898	$0	$5,500
Michael Topalian (Sr Vice President)	$271,092	$0	$17,500
Barrie King (Chief Fin/Compliance Offic)	$175,645	$0	$24,437
Erik Adams (Vice President)	$166,176	$0	$15,000
Mary Mansfield (Sr Vice President/Clerk)	$134,575	$0	$20,375
Betty Ule (Vice President)	$96,307	$0	$20,375
Walter E Huskins (Trustee/Exec.Committee)	$19,350	$0	$0
George R Berbeco (Chairman/Exec. Committee)	$12,000	$0	$0
Timothy Fahey (Trustee/Exec.Committee)	$12,000	$0	$0
William Cantor (Trustee)	$2,000	$0	$0
Michael Lanava (Trustee)	$2,000	$0	$0
Richard Lefferts (Trustee)	$2,000	$0	$0

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990

Filed on March 23, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2013

Revenue

$2,879,244

Expenses

$2,952,355

Net Income

-$73,111

Net Assets

$1,087,535

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,879,188	100.0%
Investment Income	$56	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,265,546	42.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$648,840	22.0%

Assets/Debt
Total Assets	$1,270,129
Total Liabilities	$182,594
Net Assets	$1,087,535

990

Filed on June 6, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2012

Revenue

$2,747,660

Expenses

$2,657,409

Net Income

$90,251

Net Assets

$1,150,621

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,736,208	99.6%
Investment Income	$11,452	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$852,504	32.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$830,292	31.2%

Assets/Debt
Total Assets	$1,366,027
Total Liabilities	$215,406
Net Assets	$1,150,621

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2011

Revenue

$2,293,452

Expenses

$2,392,419

Net Income

-$98,967

Net Assets

$1,021,715

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,283,206	99.6%
Investment Income	$10,246	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$821,173	34.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$657,149	27.5%

Assets/Debt
Total Assets	$1,205,635
Total Liabilities	$183,920
Net Assets	$1,021,715

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated June 30, 2025

Bay Colony Development Corp

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $5.02M (2024)

Expenses $4.14M (2024)

Total Assets $5.32M (2024)

Total Liabilities $722k (2024)

Tax Filings by Year

Fiscal Year Ending Sept. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2013

Extracted Financial Data

Revenue

$5.02M (2024)

Expenses

$4.14M (2024)

Total Assets

$5.32M (2024)

Total Liabilities

$722k (2024)

Fiscal Year Ending Sept.
2024

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005