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Filing year 2023

BAY COLONY DEVELOPMENT CORP

Waltham, Massachusetts·EIN 04-2738974·501(c)(4)
Total revenue
$5M
Total assets
$5.3M
Total expenses
$4.1M
Reported officers
19
Mission

IT IS BCDC'S MISSION TO BE THE LENDER OF CHOICE FOR SMALL BUSINESSES, BY INVESTING RESOURCES; BOTH MONETARILY AND PROFESSIONALLY, THAT OFFER CREATIVE FINANCING SOLUTIONS TO PROVIDE POSITIVE ECONOMIC IMPACT WITHIN THE COMMUNITIES WE SERVE.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 19 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Executive VP / SVP Marketing
Executive Vice President
75th to 90th percentile
$457k
$503k
Base
$212k
Bonus
$134k
Other
$17k
Benefits
$39k
President and CEO
Above 90th percentile
$410k
$452k
Base
$300k
Bonus
$45k
Other
Benefits
$34k
SVP Marketing
Senior Vice President
Median to 75th percentile
$242k
$267k
Base
$163k
Bonus
$45k
Other
Benefits
$14k
CFO
75th to 90th percentile
$241k
$266k
Base
$175k
Bonus
$13k
Other
Benefits
$34k
VP Marketing
Vice President
75th to 90th percentile
$228k
$251k
Base
$131k
Bonus
$76k
Other
Benefits
$825
VP Marketing
Vice President
75th to 90th percentile
$216k
$238k
Base
$140k
Bonus
$56k
Other
Benefits
$909
VP Servicing
Vice President
75th to 90th percentile
$188k
$207k
Base
$130k
Bonus
$11k
Other
Benefits
$33k
VP Underwriting
Vice President
75th to 90th percentile
$173k
$191k
Base
$135k
Bonus
$20k
Other
Benefits
$3k
VP Closing
Vice President
75th to 90th percentile
$154k
$170k
Base
$105k
Bonus
$10k
Other
Benefits
$28k
VP Underwriting
Vice President
75th to 90th percentile
$140k
$154k
VP Underwriting
Vice President
75th to 90th percentile
$134k
$148k
Director
Board Member
Median to 75th percentile
$18k
$20k
Chairwoman
Board Chair
25th percentile to median
$14k
$15k
Vice Chairman
Board Vice Chair
25th percentile to median
$14k
$15k
Director
Board Member
25th percentile to median
$14k
$15k
Director
Board Member
25th percentile to median
$7k
$8k
Director
Board Member
25th percentile to median
$5k
$6k
Director
Board Member
25th percentile to median
$5k
$6k
Director Until 03/24
Board Member
25th percentile to median
$5k
$6k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Down 2%
from 2022

From $468k in 2022 to $457k in 2023.

$468k
2022
$457k
2023
In today's dollarsEst.
Down 6% in real terms$535k to $503k

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Executive Vice President pay fell 2% from 2022 to 2023, while revenue rose 9%.

$468k in 2022 to $457k in 2023.
  • Chief Executive Officer pay rose 9% from 2022 to 2023.
  • Senior Vice President pay fell 2% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

BAY COLONY DEVELOPMENT CORP reported revenue and expenses across 2 filing years.

RevenueExpenses
$4.6M
$4M
2022
$5M
$4.1M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about BAY COLONY DEVELOPMENT CORP

What does the Executive Vice President of BAY COLONY DEVELOPMENT CORP earn?

In 2023, the Executive Vice President of BAY COLONY DEVELOPMENT CORP received $456,828 in total compensation. This pay is in the top quarter for Executive Vice President roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Executive Vice President pay at BAY COLONY DEVELOPMENT CORP compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Executive Vice President at BAY COLONY DEVELOPMENT CORP falls between the 75th and 90th percentiles.

What are BAY COLONY DEVELOPMENT CORP's revenue and expenses?

In 2023, BAY COLONY DEVELOPMENT CORP reported $5M in total revenue and $4.1M in total expenses on its IRS Form 990.

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