Civic Intelligence

Main South Community Development Corp

EIN 04-2921465 • 501(c)3 • Worcester, MA

View Organization Page

Profile

To participate in the promotion and development of affordable housing and economic development in the main south area of worcester, massachusetts.

875 Main StreetWorcester, MA 01610

www.mainsouthcdc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.64x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

2.26x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

82nd percentile

32%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

38th percentile

$151,874

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

78th percentile

16%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

225%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$18,046,522

Up $2,497,087 (+16%) from 2023

Liabilities

Up

$11,597,899

Up $848,010 (+7.9%) from 2023

Net Assets

Up

$6,448,623

Up $1,649,077 (+34%) from 2023

Operations
Liabilities / Revenue90th percentileNet Margin82nd percentile

Revenue

Up

$5,135,537

Up $3,557,029 (+225%) from 2023

Expenses

Up

$3,486,460

Up $1,860,657 (+114%) from 2023

Net Income

Up

$1,649,077

Up $1,696,372 (+3587%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth78th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $13,240,644Liabilities 2010: $9,886,637Net Assets 2010: $3,354,0072010Assets 2011: $14,653,693Liabilities 2011: $12,081,621Net Assets 2011: $2,572,0722011Assets 2012: $20,046,398Liabilities 2012: $17,530,220Net Assets 2012: $2,516,1782012Assets 2013: $15,943,683Liabilities 2013: $13,559,293Net Assets 2013: $2,384,3902013Assets 2014: $12,651,303Liabilities 2014: $11,133,841Net Assets 2014: $1,517,4622014Assets 2015: $12,639,685Liabilities 2015: $11,207,952Net Assets 2015: $1,431,7332015Assets 2016: $15,240,707Liabilities 2016: $12,225,692Net Assets 2016: $3,015,0152016Assets 2017: $9,726,350Liabilities 2017: $5,976,745Net Assets 2017: $3,749,6052017Assets 2018: $11,517,429Liabilities 2018: $7,343,714Net Assets 2018: $4,173,7152018Assets 2019: $15,776,585Liabilities 2019: $10,760,839Net Assets 2019: $5,015,7462019Assets 2020: $15,712,749Liabilities 2020: $11,255,136Net Assets 2020: $4,457,6132020Assets 2021: $14,439,000Liabilities 2021: $9,736,922Net Assets 2021: $4,702,0782021Assets 2022: $15,010,122Liabilities 2022: $9,836,921Net Assets 2022: $5,173,2012022Assets 2023: $15,549,435Liabilities 2023: $10,749,889Net Assets 2023: $4,799,5462023Assets 2024: $18,046,522Liabilities 2024: $11,597,899Net Assets 2024: $6,448,6232024

Highlighted filing

2024

Assets$18,046,522
Liabilities$11,597,899
Net Assets$6,448,623
Open 2024 Filing

Operations Trend

Revenue Growth96th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $2,993,7832010Expenses 2011: $1,960,6172011Expenses 2012: $3,941,3882012Expenses 2013: $2,710,8202013Revenue 2014: $6,248,848Expenses 2014: $7,135,998Net Income 2014: -$887,1502014Revenue 2015: $2,356,703Expenses 2015: $2,442,432Net Income 2015: -$85,7292015Revenue 2016: $3,175,197Expenses 2016: $3,353,390Net Income 2016: -$178,1932016Revenue 2017: $4,389,874Expenses 2017: $2,655,242Net Income 2017: $1,734,6322017Revenue 2018: $2,435,751Expenses 2018: $2,011,641Net Income 2018: $424,1102018Revenue 2019: $1,827,403Expenses 2019: $2,598,739Net Income 2019: -$771,3362019Revenue 2020: $2,045,496Expenses 2020: $2,603,629Net Income 2020: -$558,1332020Revenue 2021: $3,066,021Expenses 2021: $2,821,589Net Income 2021: $244,4322021Revenue 2022: $3,407,145Expenses 2022: $2,936,022Net Income 2022: $471,1232022Revenue 2023: $1,578,508Expenses 2023: $1,625,803Net Income 2023: -$47,2952023Revenue 2024: $5,135,537Expenses 2024: $3,486,460Net Income 2024: $1,649,0772024

Highlighted filing

2024

Revenue$5,135,537
Expenses$3,486,460
Net Income$1,649,077
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$18,046,522
Liabilities
$11,597,899
Net assets
$6,448,623
Revenue
$5,135,537
Expenses
$3,486,460
Net income
$1,649,077
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$11.6$6.45$5.14$3.49$1.65
2023Summary only. Only limited summary data is available for this year.$15.5$10.7$4.80$1.58$1.63$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.0$9.84$5.17$3.41$2.94$0.47
2021Summary only. Only limited summary data is available for this year.$14.4$9.74$4.70$3.07$2.82$0.24
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.7$11.3$4.46$2.05$2.60$0.56
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.8$10.8$5.02$1.83$2.60$0.77
2018Summary only. Only limited summary data is available for this year.$11.5$7.34$4.17$2.44$2.01$0.42
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.73$5.98$3.75$4.39$2.66$1.73
2016Summary only. Only limited summary data is available for this year.$15.2$12.2$3.02$3.18$3.35$0.18
2015Detailed filing. Detailed filing data is available for this year.$12.6$11.2$1.43$2.36$2.44$0.09
2014Detailed filing. Detailed filing data is available for this year.$12.7$11.1$1.52$6.25$7.14$0.89
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$13.6$2.38$2.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.0$17.5$2.52$3.94
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.7$12.1$2.57$1.96
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$9.89$3.35$2.99
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 22, 2025
Return Version
2024v5.2
Gross Receipts
$5,150,736
Mission and Program Overview

Mission

To participate in the promotion and development of affordable housing and economic development in the main south area of worcester, massachusetts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,580,268$9,227,502▼ $352,766
Other Notes and Loans Receivable, Net$2,270,798$2,204,767▼ $66,031
Cash and Non-Interest-Bearing Accounts$688,946$1,307,223▲ $618,277
Accounts Receivable$276,202$250,308▼ $25,894
Total Assets$15,549,435$18,046,522▲ $2,497,087
Other Assets Total$2,733,221$5,056,722▲ $2,323,501
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,323,267$10,048,021▲ $724,754
Other Liabilities$1,178,063$1,181,170▲ $3,107
Accounts Payable and Accrued Expenses$248,559$368,708▲ $120,149
Total Liabilities$10,749,889$11,597,899▲ $848,010
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,514,867$3,232,996▲ $1,718,129
Net Assets Without Donor Restrictions$3,284,679$3,215,627▼ $69,052
Total Net Assets Fund Balance$4,799,546$6,448,623▲ $1,649,077
Total Liabilities and Net Assets / Fund Balance$15,549,435$18,046,522▲ $2,497,087

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,324,340$6,968,506$15,292,846
Land$860,489-$860,489
Equipment$42,673$395,667$438,340
Other Assets Org$942,730--
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
J Stephen TeasdaleExecutive DirectorFT$139,734$12,140$151,874

Board Members and Trustees

NameTitle
Jennifer PlantePresident
Brenda JenkinsDirector
Deborah SanchezDirector
Fred TaylorDirector
Isaac McbrideDirector
Katia NorfordDirector
Lynnel ReedDirector
Brandyn BasconesClerk
Eduardo RivasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,993,813
Program Service Revenue
$2,012,701
Investment Income
$109,202
Other Revenue
$19,821
All Other Contributions
$282,454
Change in Net Assets
$1,649,077
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,459,575
Salaries, Compensation, and Employee Benefits$1,026,885
Total Fundraising Expense$49,938
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$621,108$93,366$2,514$716,988
Interest$488,855--$488,855
Depreciation Depletion$394,702--$394,702
Fees for Services Other$165,419--$165,419
Current Officers, Directors, Trustees, and Key Employees$102,967$29,666$21,293$153,926
Other Expenses$152,546--$152,546
All Other Expenses$149,890--$149,890
Insurance$100,210$38,970-$139,180
Office Expenses-$74,836-$74,836
Other Employee Benefits$57,918$9,977$1,931$69,826
Payroll Taxes$55,578$9,470$1,833$66,881
Conferences and Meetings--$21,801$21,801
Pension Plan Contributions$15,770$2,928$566$19,264
Fees for Services Legal$6,803--$6,803
Total Functional Expenses$3,177,309$259,213$49,938$3,486,460
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Liability - Operating Lease$946,992
Security Deposits$114,638
Advance on Contracts$106,160
Due to Affiliates$13,380
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“General membership of the corporation shall be open to all people who live, work, or own or operate a business in the target area of the organization. A membership application is to be filed with the corporate office to become a member.”

Form 990, Part VI, Section A, Line 7A

“Members of the board shall be elected by the general membership of the organization.”

Form 990, Part VI, Section B, Line 11B

“A copy of the 990 is distrubuted to all board members for review. Any questions or concerns are addressed.”

Form 990, Part VI, Section B, Line 12C

“Each year every board member receives a written request to disclose any activities that may result in a conflict of interest with the agency.”

Form 990, Part VI, Section C, Line 18

“Documents are furnished upon written request to the organization, also available on the official website of the attorney general of massachusetts "mass.gov and "guidestar.org"”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Main South Community Development Corp
EIN
04-2921465
Phone
5087526181
Address
875 MAIN STREET, WORCESTER, MA 01610

Signing Officer

Name
J Stephen Teasdale
Title
Executive Director
Phone
5087526181
Signed
2025-08-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Stephen Teasdale
Formed
1986
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
15
Volunteers
14

Preparer

Firm
Daniel Dennis & Company Llp
Address
990 WASHINGTON STREET STE 203, DEDHAM, MA 02026
Preparer
Andrew Bacigalupo
Phone
6172629898
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Main south cdc evaluates tax positions taken or expected to be taken in its tax returns and it its subsidiaries' tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable tax authority. At december 31, 2024, main south cdc believes that is has no uncertain tax positions within its open tax returns and within any of its subsidiaries' open tax returns.”

Raw XML AppendixShowing 400 of 593 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PARTICIPATE IN THE PROMOTION AND DEVELOPMENT OF AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT IN THE MAIN SOUTH AREA OF WORCESTER, MASSACHUSETTS.
IRS990/AllOtherContributionsAmt0282454
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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt024
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt09580268
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09227502
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IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt015199
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PARTICIPATE IN THE PROMOTION AND DEVELOPMENT OF AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT IN THE MAIN SOUTH AREA OF WORCESTER, MASSACHUSETTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt09323267
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt010048021
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IRS990/NetAssetsOrFundBalancesEOYAmt06448623
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt092071
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt092071
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03284679
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03215627
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt074836
IRS990/OfficeExpensesGrp/TotalAmt074836
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02733221
IRS990/OtherAssetsTotalGrp/EOYAmt05056722
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01931
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09977
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt057918
IRS990/OtherEmployeeBenefitsGrp/TotalAmt069826
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc3CONSULTING
IRS990/OtherExpensesGrp/ProgramServicesAmt0411440
IRS990/OtherExpensesGrp/ProgramServicesAmt1298075
IRS990/OtherExpensesGrp/ProgramServicesAmt2156028
IRS990/OtherExpensesGrp/ProgramServicesAmt3152546
IRS990/OtherExpensesGrp/TotalAmt0411440
IRS990/OtherExpensesGrp/TotalAmt1298075
IRS990/OtherExpensesGrp/TotalAmt2156028
IRS990/OtherExpensesGrp/TotalAmt3152546
IRS990/OtherLiabilitiesGrp/BOYAmt01178063
IRS990/OtherLiabilitiesGrp/EOYAmt01181170
IRS990/OtherRevenueMiscGrp/BusinessCd0531310
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt019821
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt019821
IRS990/OtherRevenueTotalAmt019821
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02514
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt093366
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0621108
IRS990/OtherSalariesAndWagesGrp/TotalAmt0716988
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02270798
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02204767
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01833
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09470
IRS990/PayrollTaxesGrp/ProgramServicesAmt055578
IRS990/PayrollTaxesGrp/TotalAmt066881
IRS990/PensionPlanContributionsGrp/FundraisingAmt0566
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02928
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt015770
IRS990/PensionPlanContributionsGrp/TotalAmt019264
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0J STEPHEN TEASDALE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1531310
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1MANAGMENT FEES & OTHER
IRS990/ProgramServiceRevenueGrp/Desc2PAYROLL & OVERHEAD
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01459816
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1362430
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2190455
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01459816
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1362430
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2190455
IRS990/ProgSrvcAccomActy2Grp/Desc0ECONOMIC DEVELOPMENT AND REHABILITATION OF AFFORDABLE HOUSING IN THE MAIN SOUTH AREA OF WORCESTER, MA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt056889
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0190455
IRS990/ProgSrvcAccomActy3Grp/Desc0NEIGHBORHOOD REVITILIZATION AREA OF WORCESTER, MA.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0278004
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt02711359
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0581463
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt016485
IRS990/PYOtherExpensesAmt01139600
IRS990/PYOtherRevenueAmt047572
IRS990/PYProgramServiceRevenueAmt0932988
IRS990/PYRevenuesLessExpensesAmt0-47295
IRS990/PYSalariesCompEmpBnftPaidAmt0486203
IRS990/PYTotalExpensesAmt01625803
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01578508
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01649077
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01822246
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02993813
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0581463
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01034725
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0811758
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0689389
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06111148
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt017131
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt016485
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0295
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0553
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt034464
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt019821
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt041863
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt025909
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt033295
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0120888
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97520
IRS990ScheduleA/PublicSupportPY170Pct00.93740
IRS990ScheduleA/PublicSupportTotal170Amt06111148
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02993813
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0581463
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01034725
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0811758
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0689389
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06111148
IRS990ScheduleA/TotalSupportAmt06266500
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt08324340
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06968506
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt015292846
IRS990ScheduleD/EquipmentGrp/BookValueAmt042673
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0395667
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0438340
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0860489
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0860489
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02687728
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1263191
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21163073
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3942730
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PROJECT UNDER DEVELOPMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED CASH
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM AFFILIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RIGHT OF USE ASSET - OPERATING LEASE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0114638
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1106160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt213380
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3946992
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ADVANCE ON CONTRACTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3RIGHT OF USE LIABILITY - OPERATING LEASE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MAIN SOUTH CDC EVALUATES TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS AND IT ITS SUBSIDIARIES' TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. AT DECEMBER 31, 2024, MAIN SOUTH CDC BELIEVES THAT IS HAS NO UNCERTAIN TAX POSITIONS WITHIN ITS OPEN TAX RETURNS AND WITHIN ANY OF ITS SUBSIDIARIES' OPEN TAX RETURNS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09227502
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05056722
IRS990ScheduleD/TotalLiabilityAmt01181170
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GENERAL MEMBERSHIP OF THE CORPORATION SHALL BE OPEN TO ALL PEOPLE WHO LIVE, WORK, OR OWN OR OPERATE A BUSINESS IN THE TARGET AREA OF THE ORGANIZATION. A MEMBERSHIP APPLICATION IS TO BE FILED WITH THE CORPORATE OFFICE TO BECOME A MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE BOARD SHALL BE ELECTED BY THE GENERAL MEMBERSHIP OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE 990 IS DISTRUBUTED TO ALL BOARD MEMBERS FOR REVIEW. ANY QUESTIONS OR CONCERNS ARE ADDRESSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH YEAR EVERY BOARD MEMBER RECEIVES A WRITTEN REQUEST TO DISCLOSE ANY ACTIVITIES THAT MAY RESULT IN A CONFLICT OF INTEREST WITH THE AGENCY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE FURNISHED UPON WRITTEN REQUEST TO THE ORGANIZATION, ALSO AVAILABLE ON THE OFFICIAL WEBSITE OF THE ATTORNEY GENERAL OF MASSACHUSETTS "MASS.GOV AND "GUIDESTAR.ORG"
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd01
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0MAIN SOUTH CDC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0BEACON BRIGHTLY LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt03384802
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0TO DEVELOP AFFORDABLE REAL ESTATE FOR RENTAL AND SALE IN WORCESTER, MA.
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0462838
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0875 MAIN STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0WORCESTER
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd001610
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20

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