Boston Local Development Corporation
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.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$7.9M
+3.4% YoY
Annual Giving
$793K
+186.3% YoY
Grant Count
4
-20.0% YoY
Avg Grant Size
$198K
+257.9% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,934,873 | $7,670,777 | $6,574,456 |
| Revenue | $1,726,871 | $1,971,693 | $1,383,525 |
| Expenses | $1,239,278 | $615,592 | $1,013,356 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $7,843 | $4,794 | $333 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Boston Local Development Corporation fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN E MARSTON | PRESIDENT | 2 | — |
| SEGUN IDOWU | VICE PRESIDENT | 2 | — |
| MICHAEL F BURKE ESQ | TRUSTEE | 1 | — |
| FRANK L DAVIS III | TRUSTEE | 1 | — |
| MARVIN E GILMORE | TRUSTEE | 1 | — |
| REGINALD A NUNNALLY | TRUSTEE | 1 | — |
| MARIJO MCCARTHY ESQ | TRUSTEE | 1 | — |
| KATHLEEN A KELLY | TRUSTEE | 1 | — |
| E RENEE LEFEVRE | TRUSTEE | 1 | — |
| LISA HERRINGTON | GENERAL COUNSEL | 1 | — |
| GISELLA SORIANO | SR. MANAGER FOR SMALL BUSINESS/CORPORATE FINANCING | 35 | — |
| WILLIAM P NICKERSON | GENERAL MANAGER | 17.5 | — |
| AMINA SCOTT | TREASURER | 1 | — |
| LINDA QIAN | CONTROLLER | 1 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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