Civic Intelligence

North Central Massachusetts Development Corp

990 • Fiscal year 2016 • EIN 04-2966372

Oct 01, 2015 to Sep 30, 2016 • Filed on Feb 14, 2017

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

68th percentile

0.29x

Higher debt load relative to assets than 68% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

1.53x

Higher debt load relative to revenue than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

4th percentile

-84%

Higher net margin than 4% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

78th percentile

$125,016

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 38.5% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

84th percentile

25%

Faster asset growth than 84% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

78th percentile

22%

Faster revenue growth than 78% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,740,246

Up $343,992 (+25%) from 2015

Net Assets

Up

$1,243,615

Up $69,593 (+5.9%) from 2015

Liabilities

Up

$496,631

Up $274,399 (+123%) from 2015

Revenue

Up

$324,685

Up $58,528 (+22%) from 2015

Expenses

Up

$596,692

Up $80,052 (+15%) from 2015

Net Income

Down

-$272,007

Down $21,524 (-8.6%) from 2015

Historical Trend

Balance Sheet Trend

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

2016

Assets$1,740,246
Liabilities$496,631
Net Assets$1,243,615

Operations Trend

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

2016

Revenue$324,685
Expenses$596,692
Net Income-$272,007
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Feb 14, 2017
Return Version
2015v3.0
Gross Receipts
$324,685
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
Other Notes and Loans Receivable, Net$848,353$910,375▲ $62,022
Savings and Temporary Cash Investments$372,397$679,309▲ $306,912
Cash and Non-Interest-Bearing Accounts$154,024$131,919▼ $22,105
Intangible Assets-$10,792-
Accounts Receivable$21,480$7,851▼ $13,629
Total Assets$1,396,254$1,740,246▲ $343,992
Liabilities
Mortgage Notes Payable Secured by Investment Property$175,000$465,443▲ $290,443
Accounts Payable and Accrued Expenses$47,232$31,188▼ $16,044
Total Liabilities$222,232$496,631▲ $274,399
Net Assets / Fund Balance
Unrestricted Net Assets$892,484$1,006,362▲ $113,878
Temporarily Rstr Net Assets$281,538$237,253▼ $44,285
Total Net Assets Fund Balance$1,174,022$1,243,615▲ $69,593
Total Liabilities and Net Assets / Fund Balance$1,396,254$1,740,246▲ $343,992
Compensation and Service Providers

Employees

NameTitleOtherTotal
Roy NascimentoPresident, Treasruer$125,016$125,016

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$244,819
Program Service Revenue
$7,712
Investment Income
$72,154
Other Revenue
$0
All Other Contributions
$104,819
Change in Net Assets
$-272,007

Audited Revenue Reconciliation

Revenue per Audited Statements
$324,685
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$324,685
Total Revenue per Form 990
$324,685
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$341,600
Other Expenses$255,092
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$341,600--$341,600
Occupancy$30,000--$30,000
Fees for Services Accounting-$10,850-$10,850
Other Expenses$10,680--$10,680
Conferences and Meetings$3,182--$3,182
Depreciation Depletion$308--$308
Total Functional Expenses$585,842$10,850$0$596,692

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$596,692
Expenses Not Reported on Financial Statements$341,600
Other Expense Adjustments$341,600
Expenses per Audited Statements$255,092
Total Expenses per Audited Statements$255,092
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Eps LLCLeominster, MA-To Provide Financial Assistance for Economic Development$75,000
Il Forno RestaurantFitchburg, MA-To Provide Financial Assistance for Economic Development$75,000
River Styx Brewing LLCFitchburg, MA-To Provide Financial Assistance for Economic Development$75,000
Ne Flatbread & Ale Company IncAyer, MA-To Provide Financial Assistance for Economic Development$40,000
NORMA'S CORNER DAY CARE CENTER INCPepperell, MA-To Provide Financial Assistance for Economic Development$20,000
Shawn Delise Dba Looking GlassLeominster, MA-To Provide Financial Assistance for Economic Development$16,600
Andrew Dansone Dba Fight or Flight TatooFitchburg, MA-To Provide Financial Assistance for Economic Development$15,000
Aes Realty TrustFitchburg, MA-To Provide Financial Assistance for Economic Development$10,000
Bernadette Clark Dba Sharp DesignsFitchburg, MA-To Provide Financial Assistance for Economic Development$5,000
SACF INC DBA BEEMER'S PUB & GRILLFitchburg, MA-To Provide Financial Assistance for Economic Development$5,000
Sitka CreationsShirley, MA-To Provide Financial Assistance for Economic Development$5,000
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
Yes
Backup withholding compliance
Yes
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 11

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

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request

Filing and Contact Details

Filer

Filer Name
North Central Massachusetts
EIN
04-2966372
Phone
9783537600
Address
860 South Street, FITCHBURG, MA 01420

Signing Officer

Name
Roy Nascimento
Title
President
Phone
9783537600
Signed
2017-02-14
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Robert C Alario CPA Pc
Address
75 NORTH MAIN STREET, LEOMINSTER, MA 01453
Phone
9785341999
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Grant allocations for form 990 purposes 341,600.

Financial Statement Notes

Part X, Line 2:

The Corporation has adopted accounting standards generally accepted in the United States of America relating to uncertain income tax positions which require management to perform an evaluation of all income tax positions taken or expected to be taken in the course of preparing the Corporation's income tax returns to determine whether the income tax positions meet a more likely than not standard of being sustained under examination by the applicable taxing authorities. This evaluation is required to be performed for all open tax years. The Corporation's open audit periods are 2010 - 2012. Management has performed its evaluation of all other income tax positions taken on all open income tax returns and has determined that there were no positions taken that do not meet the more likely than not standard. Accordingly, there are no provisions for income taxes, penalties or interest receivable or payable relating to uncertain income tax provisions in the accompanying financial statements.

Part XII, Line 4B - Other Adjustments:

Grant allocations reported for 990 purposes 341,600.

Raw XML AppendixShowing 400 of 550 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/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0372397
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0679309
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0244819
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0237705
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0137913
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0100372
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt047400
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0768209
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt072154
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt058452
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt079400
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt061484
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt046206
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0317696
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt021312
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.70740
IRS990ScheduleA/PublicSupportPY170Pct00.64750
IRS990ScheduleA/PublicSupportTotal170Amt0768209
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0244819
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0237705
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0137913
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0100372
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt047400
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0768209
IRS990ScheduleA/TotalSupportAmt01085905
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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0341600
IRS990ScheduleD/ExpensesSubtotalAmt0255092
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt0341600
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0324685
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation has adopted accounting standards generally accepted in the United States of America relating to uncertain income tax positions which require management to perform an evaluation of all income tax positions taken or expected to be taken in the course of preparing the Corporation's income tax returns to determine whether the income tax positions meet a more likely than not standard of being sustained under examination by the applicable taxing authorities. This evaluation is required to be performed for all open tax years. The Corporation's open audit periods are 2010 - 2012. Management has performed its evaluation of all other income tax positions taken on all open income tax returns and has determined that there were no positions taken that do not meet the more likely than not standard. Accordingly, there are no provisions for income taxes, penalties or interest receivable or payable relating to uncertain income tax provisions in the accompanying financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GRANT ALLOCATIONS REPORTED FOR 990 PURPOSES 341,600.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0596692
IRS990ScheduleD/TotalRevenuePerForm990Amt0324685
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0324685
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0255092
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt075000
IRS990ScheduleI/RecipientTable/CashGrantAmt115000
IRS990ScheduleI/RecipientTable/CashGrantAmt216600
IRS990ScheduleI/RecipientTable/CashGrantAmt35000
IRS990ScheduleI/RecipientTable/CashGrantAmt45000
IRS990ScheduleI/RecipientTable/CashGrantAmt55000
IRS990ScheduleI/RecipientTable/CashGrantAmt620000
IRS990ScheduleI/RecipientTable/CashGrantAmt740000
IRS990ScheduleI/RecipientTable/CashGrantAmt875000
IRS990ScheduleI/RecipientTable/CashGrantAmt910000
IRS990ScheduleI/RecipientTable/CashGrantAmt1075000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0EPS LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ANDREW DANSONE DBA FIGHT OR FLIGHT TATOO
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2SHAWN DELISE DBA LOOKING GLASS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3SACF INC DBA BEEMER'S PUB & GRILL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4BERNADETTE CLARK DBA SHARP DESIGNS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5SITKA CREATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6NORMA'S CORNER DAY CARE CENTER INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7NE FLATBREAD & ALE COMPANY INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8RIVER STYX BREWING LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9AES REALTY TRUST
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10IL FORNO RESTAURANT
IRS990ScheduleI/RecipientTable/RecipientEIN0001162656
IRS990ScheduleI/RecipientTable/RecipientEIN1011668858
IRS990ScheduleI/RecipientTable/RecipientEIN2810764512
IRS990ScheduleI/RecipientTable/RecipientEIN3473073911
IRS990ScheduleI/RecipientTable/RecipientEIN4010580684
IRS990ScheduleI/RecipientTable/RecipientEIN5475391713
IRS990ScheduleI/RecipientTable/RecipientEIN6019448511
IRS990ScheduleI/RecipientTable/RecipientEIN7465240765
IRS990ScheduleI/RecipientTable/RecipientEIN8475125479
IRS990ScheduleI/RecipientTable/RecipientEIN9466552066
IRS990ScheduleI/RecipientTable/RecipientEIN10043476159
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0651 NORTH MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1206 SUMMER STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt221 CENTRAL COURT
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3310 MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4360 SUMMER STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt52 SHAKER ROAD D101
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt636 HEALD STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt79 MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8166 BOULDER DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt9206 SUMMER STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1027 AIRPORT ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LEOMINSTER
IRS990ScheduleI/RecipientTable/USAddress/CityNm1FITCHBURG
IRS990ScheduleI/RecipientTable/USAddress/CityNm2LEOMINSTER
IRS990ScheduleI/RecipientTable/USAddress/CityNm3FITCHBURG
IRS990ScheduleI/RecipientTable/USAddress/CityNm4FITCHBURG
IRS990ScheduleI/RecipientTable/USAddress/CityNm5SHIRLEY
IRS990ScheduleI/RecipientTable/USAddress/CityNm6PEPPERELL
IRS990ScheduleI/RecipientTable/USAddress/CityNm7AYER
IRS990ScheduleI/RecipientTable/USAddress/CityNm8FITCHBURG
IRS990ScheduleI/RecipientTable/USAddress/CityNm9FITCHBURG
IRS990ScheduleI/RecipientTable/USAddress/CityNm10FITCHBURG
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd8MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd9MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd10MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd001453
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd101420
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd201453
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd301420
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd401420
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd501464
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd601463
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd701432
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd801420
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd901420
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd1001420
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECEIVES APPLICATIONS FOR LOANS FOR ECONOMIC BUSINESS DEVELOPMENT. THESE APPLICATIONS GO THROUGH A REVIEW AND MONITORING PROCESS TO MAKE THE SELECTION OF RECIPIENTS FOR THESE LOANS. THE ORGANIZATION HAS A CHECKLIST FOR TO MAKE SURE THE LOANS MEET THE CRITERIA FOR THE GRANT FUNDS. THE LOANS ARE APPROVED BY A LOAN COMMITTEE AND THEN A VOTE IS MADE BY THE BOARD OF DIRECTORS TO GRANT OR DENY THE LOAN. FILES ARE KEEP ON EVERY LOAN APPLICATION RECEIVED AND ON THE LOANS GRANTED WITH ALL OF THE APPLICABLE INFORMATION REQUIRED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
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.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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