Civic Intelligence

North Central Massachusetts Development Corp

990 • Fiscal year 2023 • EIN 04-2966372

Oct 01, 2022 to Sep 30, 2023 • Filed on Jul 15, 2024

Organization ProfileCHOOSENORTHCENTRAL.COM
860 South StreetFitchburg, MA 01420

(978) 353-7600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

49th percentile

0.12x

Higher debt load relative to assets than 49% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

74th percentile

0.52x

Higher debt load relative to revenue than 74% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

77th percentile

23%

Higher net margin than 77% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

77th percentile

$206,999

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 12.8% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

23rd percentile

-2.6%

Faster asset growth than 23% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

11th percentile

-32%

Faster revenue growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$6,873,771

Down $185,388 (-2.6%) from 2022

Net Assets

Up

$6,028,396

Up $366,252 (+6.5%) from 2022

Liabilities

Down

$845,375

Down $551,640 (-39%) from 2022

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin77th percentile

Revenue

Down

$1,614,235

Down $761,899 (-32%) from 2022

Expenses

Down

$1,247,983

Down $44,460 (-3.4%) from 2022

Net Income

Down

$366,252

Down $717,439 (-66%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,399,827Liabilities 2010: $35,360Net Assets 2010: $1,364,4672010Assets 2011: $1,239,785Liabilities 2011: $50Net Assets 2011: $1,239,7352011Assets 2012: $1,183,930Liabilities 2012: $7,646Net Assets 2012: $1,176,2842012Assets 2013: $1,165,812Liabilities 2013: $21,853Net Assets 2013: $1,143,9592013Assets 2014: $1,193,507Liabilities 2014: $59,002Net Assets 2014: $1,134,5052014Assets 2015: $1,396,254Liabilities 2015: $222,232Net Assets 2015: $1,174,0222015Assets 2016: $1,740,246Liabilities 2016: $496,631Net Assets 2016: $1,243,6152016Assets 2017: $1,913,784Liabilities 2017: $474,493Net Assets 2017: $1,439,2912017Assets 2018: $2,170,554Liabilities 2018: $628,709Net Assets 2018: $1,541,8452018Assets 2019: $2,541,485Liabilities 2019: $713,005Net Assets 2019: $1,828,4802019Assets 2020: $3,393,831Liabilities 2020: $1,085,884Net Assets 2020: $2,307,9472020Assets 2021: $6,248,244Liabilities 2021: $1,137,791Net Assets 2021: $5,110,4532021Assets 2022: $7,059,159Liabilities 2022: $1,397,015Net Assets 2022: $5,662,1442022Assets 2023: $6,873,771Liabilities 2023: $845,375Net Assets 2023: $6,028,3962023Assets 2024: $6,778,854Liabilities 2024: $652,000Net Assets 2024: $6,126,8542024

Highlighted filing

2023

Assets$6,873,771
Liabilities$845,375
Net Assets$6,028,396
Open 2023 Filing

Operations Trend

Revenue Growth11th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $264,2202010Revenue 2011: $98,001Expenses 2011: $355,733Net Income 2011: -$257,7322011Expenses 2012: $479,9672012Revenue 2013: $188,003Expenses 2013: $498,964Net Income 2013: -$310,9612013Revenue 2014: $219,200Expenses 2014: $406,154Net Income 2014: -$186,9542014Revenue 2015: $266,157Expenses 2015: $516,640Net Income 2015: -$250,4832015Revenue 2016: $324,685Expenses 2016: $596,692Net Income 2016: -$272,0072016Revenue 2017: $437,140Expenses 2017: $416,813Net Income 2017: $20,3272017Revenue 2018: $358,062Expenses 2018: $521,508Net Income 2018: -$163,4462018Revenue 2019: $659,999Expenses 2019: $1,004,364Net Income 2019: -$344,3652019Revenue 2020: $1,040,476Expenses 2020: $1,771,410Net Income 2020: -$730,9342020Revenue 2021: $3,602,305Expenses 2021: $2,555,056Net Income 2021: $1,047,2492021Revenue 2022: $2,376,134Expenses 2022: $1,292,443Net Income 2022: $1,083,6912022Revenue 2023: $1,614,235Expenses 2023: $1,247,983Net Income 2023: $366,2522023Revenue 2024: $1,183,997Expenses 2024: $1,085,539Net Income 2024: $98,4582024

Highlighted filing

2023

Revenue$1,614,235
Expenses$1,247,983
Net Income$366,252
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Jul 15, 2024
Return Version
2022v5.0
Gross Receipts
$1,614,235
Mission and Program Overview

Mission

To expand economic development in north central massachusetts by providing a variety of marketing and lending opportunities to small businesses in cooperation with various federal and state agencies

Expanding economic opportunity in central massachusetts

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,922,655$3,487,190▼ $435,465
Other Notes and Loans Receivable, Net$2,690,678$3,159,009▲ $468,331
Accounts Receivable$384,012$112,534▼ $271,478
Cash and Non-Interest-Bearing Accounts$57,865$95,225▲ $37,360
Prepaid Expenses and Deferred Charges-$17,344-
Land, Buildings, and Equipment, Net$3,949$2,469▼ $1,480
Total Assets$7,059,159$6,873,771▼ $185,388
Liabilities
Mortgage Notes Payable Secured by Investment Property$877,653$723,066▼ $154,587
Deferred Revenue$408,750--
Accounts Payable and Accrued Expenses$110,612$122,309▲ $11,697
Total Liabilities$1,397,015$845,375▼ $551,640
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,680,890$4,869,896▲ $1,189,006
Net Assets With Donor Restrictions$1,981,254$1,158,500▼ $822,754
Total Net Assets Fund Balance$5,662,144$6,028,396▲ $366,252
Total Liabilities and Net Assets / Fund Balance$7,059,159$6,873,771▼ $185,388

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$11,100$11,100
Equipment$2,469$4,933$7,402
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Roy NascimentoPresident, Treasurer
Anthony MercadanteDirector
Christina DirussoDirector
David DuvalDirector
Karen ThorneDirector
Mark FreemanDirector
Raymond MartinoDirector
Trevor BeauregardDirector
Raymond LafondClerk
Revenue and Support

Revenue Composition

Contributions and Grants
$1,457,694
Program Service Revenue
$137,608
Investment Income
$18,933
Other Revenue
$0
All Other Contributions
$23,854
Change in Net Assets
$366,252

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,614,235
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,614,235
Total Revenue per Form 990
$1,614,235
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$685,561
Salaries, Compensation, and Employee Benefits$562,422
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$311,634$160,539-$472,173
Fees for Services Other$46,060$9,697-$55,757
Other Expenses$42,195$500-$42,695
Occupancy$33,600$8,400-$42,000
Office Expenses$38,162$904-$39,066
Advertising$37,932--$37,932
Payroll Taxes$24,268$12,502-$36,770
Other Employee Benefits$22,200$11,437-$33,637
Fees for Services Accounting-$33,093-$33,093
Pension Plan Contributions$13,096$6,746-$19,842
Information Technology$12,904--$12,904
Insurance$8,284$2,071-$10,355
Travel$8,892$388-$9,280
Interest$5,081--$5,081
Fees for Services Legal$2,317--$2,317
Depreciation Depletion-$1,480-$1,480
All Other Expenses-$120-$120
Total Functional Expenses$1,000,106$247,877$0$1,247,983

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,247,983
Total Expenses per Audited Statements$1,247,983
Total Expenses per Form 990$1,247,983
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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 B, Line 11B

“The 990 is completed by the cpa firm in conjunction with the executive director and director of finance who review the completed 990 prior to filing. The board is notified the 990 is complete and may obtain a copy upon request.”

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

“A conflict of interest disclosure statement will be distributed to each director, officer and senior staff member prior to the september bod meeting each year. Completed forms are to be reviewed annually by the executive committee and appropriate action taken.”

Form 990, Part VI, Section C, Line 19

“Documents are available by request to teresa roberts, finance director, north central massachusetts development corporation, 860 south street, fitchburg, ma 01420.”

Filing and Contact Details

Filer

Filer Name
North Central Massachusetts Development
EIN
04-2966372
Phone
9783537600
Address
860 SOUTH STREET, FITCHBURG, MA 01420

Signing Officer

Name
Roy Nascimento
Title
President
Phone
9783537600
Signed
2024-07-15

Organization Details

Principal Officer
Roy Nascimento
Formed
1986
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Daniel Dennis and Company Llp
Address
990 WASHINGTON STREET STE 203, DEDHAM, MA 02026
Preparer
Michael Driscoll
Phone
6172629898
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“This process has not changed from prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization evaluates its tax positions taken or expected to be taken in its tax returns to determine whether the tax positions are more-likely-than-not of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold, along with accrued interest and penalties thereon, would be recorded as an expense in the current year consolidated financial statements. Management has evaluated the tax positions taken in its previously filed returns and those expected to be taken in its fiscal year 2023 returns and believe they are more-likely-than-not of being sustained if examined by federal or state tax authorities.”

Raw XML AppendixShowing 400 of 519 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.

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IRS990/OtherExpensesGrp/TotalAmt0182252
IRS990/OtherExpensesGrp/TotalAmt1125000
IRS990/OtherExpensesGrp/TotalAmt286229
IRS990/OtherExpensesGrp/TotalAmt342695
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0160539
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0311634
IRS990/OtherSalariesAndWagesGrp/TotalAmt0472173
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02690678
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03159009
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012502
IRS990/PayrollTaxesGrp/ProgramServicesAmt024268
IRS990/PayrollTaxesGrp/TotalAmt036770
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06746
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt013096
IRS990/PensionPlanContributionsGrp/TotalAmt019842
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017344
IRS990/PrincipalOfficerNm0ROY NASCIMENTO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LOAN PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0115537
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt122071
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0115537
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt122071
IRS990/ProgSrvcAccomActy2Grp/Desc0TO EXPAND ECONOMIC DEVELOPMENT FOR BUSINESSES IN NORTH CENTRAL MASSACHUSETTS THROUGH MARKETING, NEWSLETTERS, WEBSITES AND MAILING LISTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0340445
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02260799
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0927
IRS990/PYOtherExpensesAmt0747183
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0114408
IRS990/PYRevenuesLessExpensesAmt01083691
IRS990/PYSalariesCompEmpBnftPaidAmt0545260
IRS990/PYTotalExpensesAmt01292443
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02376134
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0366252
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0137608
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03922655
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03487190
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01433840
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03333422
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02801422
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0923834
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0552545
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09045063
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt018933
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0927
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0102404
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt093461
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt094145
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0309870
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96690
IRS990ScheduleA/PublicSupportPY170Pct00.95800
IRS990ScheduleA/PublicSupportTotal170Amt09045063
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01433840
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03333422
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02801422
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0923834
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0552545
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09045063
IRS990ScheduleA/TotalSupportAmt09354933
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt02469
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04933
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07402
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01247983
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011100
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011100
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01614235
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION EVALUATES ITS TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD, ALONG WITH ACCRUED INTEREST AND PENALTIES THEREON, WOULD BE RECORDED AS AN EXPENSE IN THE CURRENT YEAR CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE TAX POSITIONS TAKEN IN ITS PREVIOUSLY FILED RETURNS AND THOSE EXPECTED TO BE TAKEN IN ITS FISCAL YEAR 2023 RETURNS AND BELIEVE THEY ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED IF EXAMINED BY FEDERAL OR STATE TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02469
IRS990ScheduleD/TotalExpensesPerForm990Amt01247983
IRS990ScheduleD/TotalRevenuePerForm990Amt01614235
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01614235
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01247983
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0206999
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROY NASCIMENTO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT, TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0206999
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS COMPLETED BY THE CPA FIRM IN CONJUNCTION WITH THE EXECUTIVE DIRECTOR AND DIRECTOR OF FINANCE WHO REVIEW THE COMPLETED 990 PRIOR TO FILING. THE BOARD IS NOTIFIED THE 990 IS COMPLETE AND MAY OBTAIN A COPY UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A CONFLICT OF INTEREST DISCLOSURE STATEMENT WILL BE DISTRIBUTED TO EACH DIRECTOR, OFFICER AND SENIOR STAFF MEMBER PRIOR TO THE SEPTEMBER BOD MEETING EACH YEAR. COMPLETED FORMS ARE TO BE REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE AND APPROPRIATE ACTION TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE BY REQUEST TO TERESA ROBERTS, FINANCE DIRECTOR, NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORPORATION, 860 SOUTH STREET, FITCHBURG, MA 01420.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NORTH CENTRAL MASSACHUSETTS CHAMBER OF COMMERCE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1NORTH CENTRAL MASSACHUSETTS CHAMBER FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2JOHNNY APPLESEED TRAIL ASSOCIATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0222505324
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1042774164
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2043318533
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO ADVANCE ECONOMIC, CIVIC & CULTURAL CONDITIONS OF NORTH CENTRAL MASS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO SUPPORT EDUCATIONAL AND SCIENTIFIC COMMUNITY OF NORTH CENTRAL MASS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2TO PROVIDE PUBLIC INFORMATION CONCERNING CULTURAL, HISTORICAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509(A)(2)

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,873,771
Liabilities
$845,375
Net assets
$6,028,396
Revenue
$1,614,235
Expenses
$1,247,983
Net income
$366,252
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.78$0.65$6.13$1.18$1.09$0.10
2023Detailed filing. Detailed filing data is available for this year.$6.87$0.85$6.03$1.61$1.25$0.37
2022Detailed filing. Detailed filing data is available for this year.$7.06$1.40$5.66$2.38$1.29$1.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.25$1.14$5.11$3.60$2.56$1.05
2020Detailed filing. Detailed filing data is available for this year.$3.39$1.09$2.31$1.04$1.77$0.73
2019Detailed filing. Detailed filing data is available for this year.$2.54$0.71$1.83$0.66$1.00$0.34
2018Detailed filing. Detailed filing data is available for this year.$2.17$0.63$1.54$0.36$0.52$0.16
2017Detailed filing. Detailed filing data is available for this year.$1.91$0.47$1.44$0.44$0.42$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.74$0.50$1.24$0.32$0.60$0.27
2015Detailed filing. Detailed filing data is available for this year.$1.40$0.22$1.17$0.27$0.52$0.25
2014Detailed filing. Detailed filing data is available for this year.$1.19$0.06$1.13$0.22$0.41$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.02$1.14$0.19$0.50$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.01$1.18$0.48
2011Summary only. Only limited summary data is available for this year.$1.24$0.00$1.24$0.10$0.36$0.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$0.04$1.36$0.26