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Filing year 2023

BAY COLONY DEVELOPMENT CORP

Waltham, Massachusetts·EIN 04-2738974·4
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 · Schedule J · 19 reported individuals · Filing year 2023

Executive VP / SVP Marketing
executive vice president
$457k
$503k
Base
$212k
Bonus
$134k
Other
$17k
Benefits
$39k
President and CEO
$410k
$452k
Base
$300k
Bonus
$45k
Other
Benefits
$34k
SVP Marketing
senior vice president
$242k
$267k
Base
$163k
Bonus
$45k
Other
Benefits
$14k
Base
$175k
Bonus
$13k
Other
Benefits
$34k
VP Marketing
vice president
$228k
$251k
Base
$131k
Bonus
$76k
Other
Benefits
$825
VP Marketing
vice president
$216k
$238k
Base
$140k
Bonus
$56k
Other
Benefits
$909
VP Servicing
vice president
$188k
$207k
Base
$130k
Bonus
$11k
Other
Benefits
$33k
VP Underwriting
vice president
$173k
$191k
Base
$135k
Bonus
$20k
Other
Benefits
$3k
VP Closing
vice president
$154k
$170k
Base
$105k
Bonus
$10k
Other
Benefits
$28k
VP Underwriting
vice president
$140k
$154k
VP Underwriting
vice president
$134k
$148k
Director
board member
$18k
$20k
Chairwoman
board chair
$14k
$15k
Vice Chairman
board vice chair
$14k
$15k
Director
board member
$14k
$15k
Director
board member
$7k
$8k
Director
board member
$5k
$6k
Director
board member
$5k
$6k
Director Until 03/24
board member
$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.

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.
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