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
72 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
23 people listed on the 990; $1.2M paid to officers and key staff.
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.
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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.
This section is blank until E B C D C INC claims this page.
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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.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.2M | $1.6M |
| InvestmentsLn 11–13 | $3.4M | $2.8M |
| Land, buildings, equipmentLn 10c | $21.9M | $22.2M |
| Total assetsLn 16 | $63.5M | $63.3M |
| LiabilitiesLn 26 | $36.7M | $36.2M |
| Net assetsLn 32 | $26.8M | $27.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $1.2M | $818K | $417K | $0 |
| Other salaries and wagesLn 7 | $3.6M | $2.8M | $773K | $0 |
| Pension plan contributionsLn 8 | $126K | $95K | $31K | $0 |
| Other employee benefitsLn 9 | $477K | $359K | $117K | $0 |
| Payroll taxesLn 10 | $313K | $236K | $77K | $0 |
| Legal feesLn 11b | $38K | $38K | $0 | $0 |
| Accounting feesLn 11c | $60K | $0 | $60K | $0 |
| Advertising and promotionLn 12 | $15K | $5K | $10K | $0 |
| Office expensesLn 13 | $24K | $531 | $24K | $0 |
| Information technologyLn 14 | $124K | $0 | $124K | $0 |
| OccupancyLn 16 | $63K | $31K | $32K | $0 |
| TravelLn 17 | $23K | $23K | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $31K | $4K | $27K | $0 |
| InterestLn 20 | $175 | $175 | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $8K | $0 | $8K | $0 |
| InsuranceLn 23 | $93K | $31K | $62K | $0 |
| Other expenses (24a–d)Ln 24 | $179K | $130K | $49K | $0 |
| All other expensesLn 24e | $45K | $15K | $30K | $0 |
| Total functional expensesLn 25 | $6.5M | $4.6M | $1.8M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $9.1M | $6.5M | $2.5M | $34.2M | 990 PDF |
| FY2023 Viewing | $6.8M | $6.5M | $319K | $27.1M | 990 PDF |
| FY2022 | $5.0M | $5.0M | $32K | $26.8M | 990 PDF |
| FY2021 | $4.3M | $5.3M | −$1.0M | $25.7M | 990 PDF |
| FY2020 | $5.7M | $4.2M | $1.5M | $26.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $6,792,963 across 7 lines filed
Part IX · Statement of functional expenses $6,473,629 across 18 lines filed
Part X · Balance sheet $63,331,704 assets, 17 lines filed
Part XI · Reconciliation of net assets $27,122,590 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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