BLUEHUB CAPITAL INC Charity Report

Public IRS 990 nonprofit record

BLUEHUB CAPITAL INC

EIN 04-3246555 · Home Improvement & Repairs (L81)

What they do

to PROVIDE BELOW MARKET RATE CAPITAL to COMMUNITY BASED ORGANIZATIONS for DEVELOPMENT of AFFORDABLE HOUSING and to PROVIDE BROADER COMMUNITY LENDING THAT DIRECTLY or INDIRECTLY BENEFITS LOW INCOME or DISADVANTAGED PEOPLE or COMMUNITIES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $77.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders19 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

43.00%of revenue went to mission work77.9% of expenses · Program services

4.70%of revenue went to fundraising8.5% of expenses

$55.17spent for every $100 of revenueRevenue covered expenses this year.

7.46%of revenue went to management and office costs13.5% of expenses

$12.35in assets for every $1 spent this yearSome assets cannot be spent right away.

4.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $486,092 for ELYSE CHERRY (CEO & EX-OFFICIO BOARD MEMBER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,366,821

Mission workProgram services$1,017,81543.00% of revenue77.9% of expenses

ManagementOffice and general costs$176,6217.46% of revenue13.5% of expenses

FundraisingAsking for donations$111,2994.70% of revenue8.5% of expenses

Revenue left after expensesReported annual surplus$1,061,08644.83% of revenueShown in gray on the chart

Total expenses$1,305,73555.17% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 77.9% mission · 13.5% management · 8.5% fundraisingTotal expenses: 55.17% of revenue

2023Expense mix: 93.0% mission · 4.4% management · 2.7% fundraisingTotal expenses: 459.28% of revenue

2022Expense mix: 73.0% mission · 23.6% management · 3.4% fundraisingTotal expenses: 108.98% of revenue

2021Expense mix: 70.1% mission · 25.1% management · 4.8% fundraisingTotal expenses: 106.21% of revenue

2020Expense mix: 79.0% mission · 17.6% management · 3.4% fundraisingTotal expenses: 97.12% of revenue

2019Expense mix: 42.9% mission · 47.7% management · 9.4% fundraisingTotal expenses: 31.36% of revenue

2018Expense mix: 39.5% mission · 58.1% management · 2.4% fundraisingTotal expenses: 71.03% of revenue

2016Expense mix: 64.3% mission · 34.6% management · 1.2% fundraisingTotal expenses: 83.99% of revenue

Money in and money out

Revenue$2,366,821

Expenses$1,305,735

Annual surplus $1,061,086 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,017,815 · 77.9% of expenses

Management and office costs$176,621 · 13.5% of expenses

Fundraising$111,299 · 8.5% of expenses

See all reported dollar amounts

Revenue$2,366,821

Expenses$1,305,735

Assets$16,122,451

Income$2,366,821

Contributions$108,031

Mission work (program services)$1,017,815

Fundraising$111,299

Management and general$176,621

Executive compensation (total)$277,718

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ELYSE CHERRYCEO & EX-OFFICIO BOARD MEMBER · 10 hrs/week $486,092Base $242,010 · Other $244,082

BRENDA LOYACHIEF OPERATING OFFICER · 40 hrs/week $313,181Base $271,892 · Other $41,289

LUBNA ELIACHIEF ADMINISTRATIVE OFFICER · 40 hrs/week $282,640Base $265,600 · Other $17,040

LISA ZAPPALAEVP, CFO (UNTIL 9/2024) · 18 hrs/week $276,363Base $194,499 · Other $81,864

E MATTHEW GAUTIERISVP, CONTROLLER · 20 hrs/week $177,566Base $118,767 · Other $58,799

DEWITT JONESPRESIDENT, BLUEHUB ENERGY $99,766Base · Other $99,766

JACQUELYN BARRY HAMILTONCFO (AS OF 9/2024) · 40 hrs/week $95,286Base $85,077 · Other $10,209

MICHAEL NILLESSVP, COMMERCIAL LENDING, TEAM LEADER $39,264Base · Other $39,264

KAREN KELLEHERPRES. LOAN FUND, EX-OFFICIO BOARD MEM. $37,788Base · Other $37,788

ARUNABHA CHAKRAVARTYSVP, PORTFOLIO MANAGEMENT $31,251Base · Other $31,251

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (19)

ELYSE CHERRYCEO & EX-OFFICIO BOARD MEMBER

BRENDA LOYACHIEF OPERATING OFFICER

LUBNA ELIACHIEF ADMINISTRATIVE OFFICER

LISA ZAPPALAEVP, CFO (UNTIL 9/2024)

E MATTHEW GAUTIERISVP, CONTROLLER

DEWITT JONESPRESIDENT, BLUEHUB ENERGY

JACQUELYN BARRY HAMILTONCFO (AS OF 9/2024)

MICHAEL NILLESSVP, COMMERCIAL LENDING, TEAM LEADER

KAREN KELLEHERPRES. LOAN FUND, EX-OFFICIO BOARD MEM.

ARUNABHA CHAKRAVARTYSVP, PORTFOLIO MANAGEMENT

JULIE GOULDBOARD MEMBER

EDWARD DUGGER IIIBOARD MEMBER

MARIA MAFFEIBOARD MEMBER

MERCEDES TOMPKINSBOARD MEMBER

CHARLES CLARKCHAIRMAN OF THE BOARD

REESE FAYDEVICE CHAIR OF THE BOARD

REVEREND JAMES WALSH SJCLERK OF THE BOARD

SARAH C LINCOLNTREASURER OF THE BOARD

VICTOR R RIVERABOARD MEMBER

About this charity

Recognized since: January 1996
Location: 1785 COLUMBUS AVENUE 6TH FLOOR, BOSTON, MA 02119-1041
County: Suffolk
In care of: JACQUELYN BARRY HAMILTON
Primary officer: JACQUELYN BARRY HAMILTON, CHIEF FINANCIAL OFFICER

How to reach them

WebsiteVisit the charity’s website Emailinfo@bluehubcapital.org Phone(617) 427-8600

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: AAFCPAS INC
NTEE classification: Home Improvement & Repairs (L81)
IRS tax category: Home Improvement & Repairs

BLUEHUB CAPITAL INC

BLUEHUB CAPITAL INC

What they do

Should I give to this charity?

Basic facts we verified

Money made simple

Ask these three easy questions

Financial picture

How each $100 of revenue was used

Has the pattern changed?

Money in and money out

Reported spending amounts

Leadership and board

People reported as paid

About this charity

How to reach them

Filing and classification

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