From public IRS filings

BOSTON IMPACT INITIATIVE FUND

JAMAICA PLAIN, MA · Community Improvement

EIN (Tax ID): 82-1543658Latest Form 990: 2024IRS ruling year: 2017Find their 990 filing →

Mission

FORM 990 - ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIESBOSTON IMPACT INITIATIVE (BII) IS A NONPROFIT IMPACT INVESTMENT FUND AND CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI). BII PROVIDES SMALL BUSINESSES, COOPERATIVES, COMMUNITY-CONTROLLED REAL ESTATE PROJECTS, AND IMPACT FUND MANAGERS WITH FAIR AND FLEXIBLE CAPITAL, EXPERT ADVISING, AND TRUSTED NETWORKS TO BUILD COMMUNITY OWNERSHIP, SHARED WEALTH, AND ECONOMIC POWER, PARTICULARLY IN COMMUNITIES OF COLOR IN MASSACHUSETTS AND NEW ENGLAND.

Financials (IRS Form 990)

Total revenue
$5.4M
Total expenses
$2.8M
Total assets
$23.4M
Program expense ratio
53%

Source: IRS Form 990, tax year 2024.

Who funds BOSTON IMPACT INITIATIVE FUND

$4.8M in foundation grants on record from 27 funders — matched from IRS 990 grant line items. Some matches may be approximate.

Leadership

BETTY FRANCISCO — CEO (Principal officer)

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