Overview
What is Db Housing Inc?
Db Housing Inc, based in Dorchester, Massachusetts, is a nonprofit organization dedicated to real estate development. Their primary focus is on reducing blight in the community, improving neighborhoods, and creating affordable housing and commercial spaces that foster employment and business growth. The organization has completed a substantial $13 million commercial project and continues active projects, such as the construction of approximately 20,000 square feet of industrial space. Their mission is to contribute to the development and rehabilitation of low-income housing in the Dorchester area of Boston.
Official website here: www.dbedc.org
Is Db Housing Inc legitimate?
Db Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Db Housing Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.dbedc.org
What is the mission statement of Db Housing Inc?
Db Housing Inc, as an organization, is dedicated to assisting in the development and rehabilitation of low-income housing. Their mission is aimed at improving neighborhoods, specifically in the Dorchester area of Boston. They engage in various real estate development projects, such as acquisition, construction, and redevelopment, with the goal of reducing blight, enhancing the community, creating and preserving affordable housing, and providing commercial spaces that foster job creation, services, and business growth. In 2022, Db Housing Inc successfully completed a significant commercial project, DB Pierce LLC, worth $13,000,000.
Official website here: www.dbedc.org
Who is the CEO of Db Housing Inc?
Kimberly Lyle is the Director Of Finance & Admin (Until 11/22) of Db Housing Inc. The CEO's salary of Db Housing Inc is $0 and their total compensation is $199,059.
Official website here: www.dbedc.org
What is the revenue of Db Housing Inc?
Db Housing Inc's revenue in 2022 was $1,250,030.
Official website here: www.dbedc.org
Who are the executives of Db Housing Inc and what are their salaries?
There 16 volunteers at Db Housing Inc.
Here are 25 key members and their salaries (Db Housing Inc's CEO's salary is $0 and their total compensation is $199,059):
- Compensation: $0
- Related: $207,692
- Other: $49,351
- Compensation: $0
- Related: $180,000
- Other: $40,320
- Compensation: $0
- Related: $177,500
- Other: $36,431
- Compensation: $0
- Related: $168,024
- Other: $31,035
- Compensation: $0
- Related: $125,000
- Other: $47,454
- Compensation: $0
- Related: $125,000
- Other: $47,274
- Compensation: $0
- Related: $101,363
- Other: $24,748
- Compensation: $0
- Related: $64,356
- Other: $20,130
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.dbedc.org
Where can I find the form 990 for Db Housing Inc?
Db Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dbedc.org
Learn more at the official website: www.dbedc.org
Mission Statement of Db Housing Inc
Db Housing Inc, a nonprofit organization, is committed to assisting in the development and rehabilitation of low-income housing in various areas. Their primary mission is to reduce blight, improve neighborhoods, and create and preserve affordable housing. This involves engaging in real estate development projects, including acquisition, construction, and redevelopment, with the aim of providing jobs, services, and commercial spaces for businesses to grow. Db Housing Inc also aims to prevent displacement of residents. In 2022, the organization completed construction and rehabilitation on a significant commercial project, DB Pierce LLC, and successfully placed it in service, demonstrating their commitment to their mission.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Db Housing Inc significantly impacts the Dorchester area of Boston by focusing on low-income housing development and neighborhood revitalization. Through comprehensive real estate development initiatives, the organization works to reduce blight and improve the community by creating and preserving affordable housing options. These efforts not only provide vital shelter for residents but also stimulate local economies by developing commercial spaces that generate jobs and services, thus fostering an environment conducive to business growth.
In 2022, Db Housing Inc completed a notable $13 million commercial project (DB Pierce LLC), further emphasizing its commitment to enhancing the neighborhood's commercial landscape. The current buildout of approximately 20,000 square feet of industrial space is an example of the organization’s ongoing projects aimed at preventing displacement and ensuring that local residents have access to both residential and economic opportunities. Through these efforts, Db Housing Inc plays a crucial role in fostering a more resilient and thriving community in Dorchester.
This information is meant to be a general summary of Db Housing Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,283
- Program Service Revenue: $1,075,426
- Gross Receipts: $1,250,030
Assets and Liabilities:
- Total Assets: $1,647,060
- Total Liabilities: $639,628
- Net Assets: $1,007,432
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DISTRIBUTION FROM GLEN
Revenue
$565,983
RECOVERY OF NOTES
Revenue
$282,363
RENTAL INCOME
Revenue
$128,771
INTEREST INCOME FROM N
Revenue
$98,309
Organization Details
Founding Year
1979
Phone
(617) 825-4200Principal Officer
Kimberly Lyle
Main Address
594 COLUMBIA ROAD, DORCHESTER, MA, 02125
Website
www.dbedc.orgNTEE Category
Code: L20 - Housing
If you are a representative of Db Housing Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.