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Employer Identification Number 04-2738974

BAY COLONY DEVELOPMENT CORP. is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:BAY COLONY DEVELOPMENT CORP.
Employer identification number (EIN):04-2738974
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:522294
NAIC Description:Secondary Market Financing
401k Pension/Benefits registration BAY COLONY DEVELOPMENT CORP. 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTHE ORGANIZATION PROVIDES SBA 504 FINANCING TO SMALL BUSINESSES LOCATED IN NEW ENGLAND.
Number of Employees19
Number of Volunteers0
Year Formed1981

Organization Governance

Legal DomicileMA
Voting Members - Governing Body9
Voting Members - Independent8

Organization Financials

2023-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 4,123,841
Program Service Revenue from current yearUSD $ 4,496,761
Investment Income from prior yearUSD $ 4,489
Investment Income from current yearUSD $ 95,180
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 4,966,889
Net assets / fund balances at end of fiscal yearUSD $ 3,687,053
Net assets / fund balances at beginning of fiscal yearUSD $ 2,988,181
Total liabilities at end of fiscal yearUSD $ 726,972
Total liabilities at beginning of fiscal yearUSD $ 413,011
Total assets at end of fiscal yearUSD $ 4,414,025
Total assets at beginning of fiscal yearUSD $ 3,401,192
Revenues less expenses for current yearUSD $ 629,939
Revenues less expenses for previous yearUSD $ 219,773
Total expenses for current yearUSD $ 3,962,002
Total expenses for previous yearUSD $ 3,908,557
Other expenses in current yearUSD $ 804,631
Other expenses in previous yearUSD $ 992,118
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,126,371
Employee salary and benefits paid in previous yearUSD $ 2,898,839
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 31,000
Grants and similar amounts paid in previous yearUSD $ 17,600
Total revenue in current fiscal yearUSD $ 4,591,941
Total revenue in previous fiscal yearUSD $ 4,128,330
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2022-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 4,575,192
Program Service Revenue from current yearUSD $ 4,123,841
Investment Income from prior yearUSD $ 5,184
Investment Income from current yearUSD $ 4,489
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 4,128,330
Net assets / fund balances at end of fiscal yearUSD $ 2,988,181
Net assets / fund balances at beginning of fiscal yearUSD $ 2,769,073
Total liabilities at end of fiscal yearUSD $ 413,011
Total liabilities at beginning of fiscal yearUSD $ 326,887
Total assets at end of fiscal yearUSD $ 3,401,192
Total assets at beginning of fiscal yearUSD $ 3,095,960
Revenues less expenses for current yearUSD $ 219,773
Revenues less expenses for previous yearUSD $ 975,573
Total expenses for current yearUSD $ 3,908,557
Total expenses for previous yearUSD $ 3,604,803
Other expenses in current yearUSD $ 992,118
Other expenses in previous yearUSD $ 911,256
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,898,839
Employee salary and benefits paid in previous yearUSD $ 2,663,547
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 17,600
Grants and similar amounts paid in previous yearUSD $ 30,000
Total revenue in current fiscal yearUSD $ 4,128,330
Total revenue in previous fiscal yearUSD $ 4,580,376
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2021-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 3,830,167
Program Service Revenue from current yearUSD $ 4,575,192
Investment Income from prior yearUSD $ 4,415
Investment Income from current yearUSD $ 5,184
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 4,580,437
Net assets / fund balances at end of fiscal yearUSD $ 2,769,073
Net assets / fund balances at beginning of fiscal yearUSD $ 1,791,765
Total liabilities at end of fiscal yearUSD $ 326,887
Total liabilities at beginning of fiscal yearUSD $ 279,029
Total assets at end of fiscal yearUSD $ 3,095,960
Total assets at beginning of fiscal yearUSD $ 2,070,794
Revenues less expenses for current yearUSD $ 975,573
Revenues less expenses for previous yearUSD $ 479,066
Total expenses for current yearUSD $ 3,604,803
Total expenses for previous yearUSD $ 3,355,516
Other expenses in current yearUSD $ 911,256
Other expenses in previous yearUSD $ 938,838
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,663,547
Employee salary and benefits paid in previous yearUSD $ 2,400,678
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 30,000
Grants and similar amounts paid in previous yearUSD $ 16,000
Total revenue in current fiscal yearUSD $ 4,580,376
Total revenue in previous fiscal yearUSD $ 3,834,582
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2020-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 3,555,832
Program Service Revenue from current yearUSD $ 3,830,167
Investment Income from prior yearUSD $ 9,125
Investment Income from current yearUSD $ 4,415
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 3,904,265
Net assets / fund balances at end of fiscal yearUSD $ 1,791,765
Net assets / fund balances at beginning of fiscal yearUSD $ 1,314,227
Total liabilities at end of fiscal yearUSD $ 279,029
Total liabilities at beginning of fiscal yearUSD $ 364,150
Total assets at end of fiscal yearUSD $ 2,070,794
Total assets at beginning of fiscal yearUSD $ 1,678,377
Revenues less expenses for current yearUSD $ 479,066
Revenues less expenses for previous yearUSD $ 178,651
Total expenses for current yearUSD $ 3,355,516
Total expenses for previous yearUSD $ 3,386,306
Other expenses in current yearUSD $ 938,838
Other expenses in previous yearUSD $ 1,062,872
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,400,678
Employee salary and benefits paid in previous yearUSD $ 2,308,434
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 16,000
Grants and similar amounts paid in previous yearUSD $ 15,000
Total revenue in current fiscal yearUSD $ 3,834,582
Total revenue in previous fiscal yearUSD $ 3,564,957
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2019-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 3,287,416
Program Service Revenue from current yearUSD $ 3,555,832
Investment Income from prior yearUSD $ 3,733
Investment Income from current yearUSD $ 9,125
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 3,566,716
Net assets / fund balances at end of fiscal yearUSD $ 1,314,227
Net assets / fund balances at beginning of fiscal yearUSD $ 1,137,189
Total liabilities at end of fiscal yearUSD $ 364,150
Total liabilities at beginning of fiscal yearUSD $ 400,020
Total assets at end of fiscal yearUSD $ 1,678,377
Total assets at beginning of fiscal yearUSD $ 1,537,209
Revenues less expenses for current yearUSD $ 178,651
Revenues less expenses for previous yearUSD $ 63,928
Total expenses for current yearUSD $ 3,386,306
Total expenses for previous yearUSD $ 3,227,221
Other expenses in current yearUSD $ 1,062,872
Other expenses in previous yearUSD $ 1,022,940
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,308,434
Employee salary and benefits paid in previous yearUSD $ 2,197,581
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 15,000
Grants and similar amounts paid in previous yearUSD $ 6,700
Total revenue in current fiscal yearUSD $ 3,564,957
Total revenue in previous fiscal yearUSD $ 3,291,149
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2018-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 3,130,925
Program Service Revenue from current yearUSD $ 3,287,416
Investment Income from prior yearUSD $ 118
Investment Income from current yearUSD $ 3,733
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 3,291,816
Net assets / fund balances at end of fiscal yearUSD $ 1,137,189
Net assets / fund balances at beginning of fiscal yearUSD $ 1,067,320
Total liabilities at end of fiscal yearUSD $ 400,020
Total liabilities at beginning of fiscal yearUSD $ 308,430
Total assets at end of fiscal yearUSD $ 1,537,209
Total assets at beginning of fiscal yearUSD $ 1,375,750
Revenues less expenses for current yearUSD $ 63,928
Revenues less expenses for previous yearUSD $ 41,199
Total expenses for current yearUSD $ 3,227,221
Total expenses for previous yearUSD $ 3,089,844
Other expenses in current yearUSD $ 1,022,940
Other expenses in previous yearUSD $ 1,003,174
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,197,581
Employee salary and benefits paid in previous yearUSD $ 2,045,670
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 6,700
Grants and similar amounts paid in previous yearUSD $ 41,000
Total revenue in current fiscal yearUSD $ 3,291,149
Total revenue in previous fiscal yearUSD $ 3,131,043
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2017-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 3,091,655
Program Service Revenue from current yearUSD $ 3,130,925
Investment Income from prior yearUSD $ 336
Investment Income from current yearUSD $ 118
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 3,131,043
Net assets / fund balances at end of fiscal yearUSD $ 1,067,320
Net assets / fund balances at beginning of fiscal yearUSD $ 1,015,993
Total liabilities at end of fiscal yearUSD $ 308,430
Total liabilities at beginning of fiscal yearUSD $ 256,250
Total assets at end of fiscal yearUSD $ 1,375,750
Total assets at beginning of fiscal yearUSD $ 1,272,243
Revenues less expenses for current yearUSD $ 41,199
Revenues less expenses for previous yearUSD $ -75,835
Total expenses for current yearUSD $ 3,089,844
Total expenses for previous yearUSD $ 3,167,826
Other expenses in current yearUSD $ 1,003,174
Other expenses in previous yearUSD $ 996,489
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,045,670
Employee salary and benefits paid in previous yearUSD $ 2,151,337
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 41,000
Grants and similar amounts paid in previous yearUSD $ 20,000
Total revenue in current fiscal yearUSD $ 3,131,043
Total revenue in previous fiscal yearUSD $ 3,091,991
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2015-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 2,902,090
Program Service Revenue from current yearUSD $ 3,053,814
Investment Income from prior yearUSD $ 138
Investment Income from current yearUSD $ -11,947
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 3,053,814
Net assets / fund balances at end of fiscal yearUSD $ 1,083,722
Net assets / fund balances at beginning of fiscal yearUSD $ 1,179,664
Total liabilities at end of fiscal yearUSD $ 296,937
Total liabilities at beginning of fiscal yearUSD $ 188,186
Total assets at end of fiscal yearUSD $ 1,380,659
Total assets at beginning of fiscal yearUSD $ 1,367,850
Revenues less expenses for current yearUSD $ -90,899
Revenues less expenses for previous yearUSD $ 89,379
Total expenses for current yearUSD $ 3,132,766
Total expenses for previous yearUSD $ 2,812,849
Other expenses in current yearUSD $ 955,701
Other expenses in previous yearUSD $ 880,892
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,157,065
Employee salary and benefits paid in previous yearUSD $ 1,931,957
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 20,000
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 3,041,867
Total revenue in previous fiscal yearUSD $ 2,902,228
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0

Other Company Names associated with EIN

BAY COLONY DEVELOPMENT CORPORATION

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 042738974

USA Location Address
CITY POINT
230 THIRD AVENUE FIRST FLOOR
WALTHAM
MA
024517341
Date first seen: 2012-01-27
Date last seen: 2024-03-18
USA Mailing Address
1601 TRAPELO ROAD, SUITE 222
WALTHAM
MA
024517341
Date first seen: 2010-05-25
Date last seen: 2010-07-22
USA Mailing Address
230 THIRD AVE NO 1ST FL
WALTHAM
MA
02451
Date first seen: 2007-01-01
Date last seen: 2024-06-30

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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