Massachusetts · Nonprofit
BOSTON LOCAL DEVELOPMENT CORPORATION
BOSTON LOCAL DEVELOPMENT CORPORATION (Massachusetts) receives grants from 14 organizations whose IRS filings report $3,412,884 to it, the largest being United Way Of Massachusetts Bay Inc ($1,158,043). 8 of them have funded it in more than one year.
- Revenue FY2025
- $2.0M
- Funders on record
- 14
- Grants received
- $3.4M
- Net assets
- $8.7M
What Boston Local Development Corporation does
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.
As stated on its FY2025 Form 990.
Programs
Bldc subcontracts with its affiliate, edic, to administer a revolving loan fund to promote industrial and economic development and job growth. 29 revolving loans were serviced in fiscal year 2025.
$459,729 spent$152,896 earned by the program49% of program spendingEarned income tax credit program - volunteer income tax assistance (vita) community-based program that has led the tax equity field in boston for 20 years. The program provides free, high-quality tax preparation and asset building services in eight languages to approximately 11,587 low and moderate-income taxpayers in boston annually.
$90,000 spentof which $90,000 as grants10% of program spendingFinancial opportunity center - program which is provided to low-to moderate-income residents by providing career services, to help residents start on a pathway that leads to employment opportunities that pay living wages, and individualized financial coaching, which begins with a budget and goal for the future, incorporating savings and asset building. This free coaching takes place in one-on-one meetings over 18-24 months. This program supported approximately 437 residents in fiscal year 2025. Credit building programming. Early childhood literacy, and children's savings accounts are also key components of the services provided by the center.
$170,800 spentof which $170,800 as grants18% of program spendingAll other programs
$215,168 spentof which $215,168 as grants23% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $935,697.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $6.6M to $7.7M (+17%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2019 11%. Grants only. Government contracts and fees sit inside program revenue.
90% of BOSTON LOCAL DEVELOPMENT CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (60% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base broadened from 3 funders to 6 funders, grant income rose $318k → $413k.
3 of 14 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 12% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of BOSTON LOCAL DEVELOPMENT CORPORATION’s funders (the co-funder graph). Top 13 of 14 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
BOSTON LOCAL DEVELOPMENT CORPORATION leans on a few funders — its largest provides 34% of grant income and the top three 66%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
89% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund BOSTON LOCAL DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2017 91% · 2018 48% · 2019 86% · 2020 69% · 2021 42% · 2022 27% · 2023 30% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
50% of BOSTON LOCAL DEVELOPMENT CORPORATION's funders are still giving 3 years after their first grant; 57% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
50% of BOSTON LOCAL DEVELOPMENT CORPORATION's grant income comes from Massachusetts funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $409k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
BOSTON LOCAL DEVELOPMENT CORPORATION runs a healthier operating margin than three-quarters of the 2,299 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 2,299 community improvement nonprofits $1M–$10M, FY2025
Government funding BOSTON LOCAL DEVELOPMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $693k on record.
- Department of Commerce$693k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like BOSTON LOCAL DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
86% of spending goes to programs.
Governance
Public support
76%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Economic and Development Industrial Corporationboston · exempt
Screen this organization
A dated, signed PDF of the compliance screen for BOSTON LOCAL DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds BOSTON LOCAL DEVELOPMENT CORPORATION?
- BOSTON LOCAL DEVELOPMENT CORPORATION (Massachusetts) receives grants from 14 organizations whose IRS filings report $3,412,884 to it, the largest being United Way Of Massachusetts Bay Inc ($1,158,043). 8 of them have funded it in more than one year.
- How many funders does BOSTON LOCAL DEVELOPMENT CORPORATION have?
- IRS filings report 14 organizations giving $3,412,884 in grants to BOSTON LOCAL DEVELOPMENT CORPORATION, 8 of which have funded it in more than one year.
- Who is the largest funder of BOSTON LOCAL DEVELOPMENT CORPORATION?
- United Way Of Massachusetts Bay Inc is the largest funder on record, with $1,158,043 in grants. The full list of funders is on this page.
- How can an organization like BOSTON LOCAL DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 14 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing