Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1980.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
69 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
23 people listed on the 990; $1.6M paid to officers and key staff (Part VII, Section A).
Compensation history total reportable pay by year · 6 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Albert Caldarelli | $526,198 | $301,878 | $280,747 | $279,247 | $279,247 |
| Salvatore Colombo | $352,450 | $297,436 | $260,136 | $260,136 | — |
| Albert Festa | $306,953 | $281,565 | $256,536 | $255,036 | $255,036 |
| Salvadore Colombo | — | — | — | — | $255,516 |
| Cynthia Fronduto | $254,349 | $217,889 | $194,757 | $172,834 | $161,608 |
| Tanya Hahnel | $168,077 | $132,741 | $111,731 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See E B C D C INC executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Builds affordable housing and supports economic growth for East Boston residents.
Questions for E B C D C INC
Your first name shows with your question. E B C D C INC answers here, for everyone.
Assisted entities in East Boston in developing different projects to increase the stock of low and medium income affordable housing available to the residents of East Boston.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-2755270) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.6M | $4.2M |
| InvestmentsLn 11–13 | $2.8M | $3.7M |
| Land, buildings, equipmentLn 10c | $22.2M | $22.7M |
| Total assetsLn 16 | $63.3M | $70.2M |
| LiabilitiesLn 26 | $36.2M | $36.0M |
| Net assetsLn 32 | $27.1M | $34.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $914K | $584K | $330K | $0 |
| Other salaries and wagesLn 7 | $3.6M | $2.8M | $783K | $0 |
| Pension plan contributionsLn 8 | $186K | $140K | $46K | $0 |
| Other employee benefitsLn 9 | $585K | $442K | $144K | $0 |
| Payroll taxesLn 10 | $440K | $332K | $108K | $0 |
| Legal feesLn 11b | $53K | $20K | $33K | $0 |
| Accounting feesLn 11c | $46K | $0 | $46K | $0 |
| Advertising and promotionLn 12 | $4K | $1K | $3K | $0 |
| Office expensesLn 13 | $45K | $14K | $31K | $0 |
| Information technologyLn 14 | $249K | $0 | $249K | $0 |
| OccupancyLn 16 | $63K | $31K | $32K | $0 |
| TravelLn 17 | $26K | $26K | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $75K | $4K | $71K | $0 |
| Depreciation, depletion and amortizationLn 22 | $6K | $0 | $6K | $0 |
| InsuranceLn 23 | $80K | $27K | $53K | $0 |
| Other expenses (24a–d)Ln 24 | $109K | $64K | $45K | $0 |
| All other expensesLn 24e | $38K | $12K | $26K | $0 |
| Total functional expensesLn 25 | $6.5M | $4.5M | $2.0M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 | $9.1M | $6.5M | $2.5M | $34.2M | 990 PDF |
| FY2023Filed with the IRS Nov 15, 2024 | $6.8M | $6.5M | $319K | $27.1M | 990 PDF |
| FY2022Filed with the IRS Nov 15, 2023 | $5.0M | $5.0M | $32K | $26.8M | 990 PDF |
| FY2021Filed with the IRS Nov 10, 2022 | $4.3M | $5.3M | −$1.0M | $25.7M | 990 PDF |
| FY2020Filed with the IRS Oct 8, 2021 | $5.7M | $4.2M | $1.5M | $26.8M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $9,072,239 revenue, 12 lines filed
Part VI · Governance 19 of 21 board members independent, 2 to look at
Part VIII · Statement of revenue $9,072,239 across 7 lines filed
Part IX · Statement of functional expenses $6,548,328 across 17 lines filed
Part X · Balance sheet $70,180,587 assets, 19 lines filed
Part XI · Reconciliation of net assets $34,185,145 net assets at year end
Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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