Liabilities / Assets
68th percentile
Higher debt load relative to assets than 68% of similar nonprofits.
990 • Fiscal year 2016 • EIN 04-2966372
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
68th percentile
Higher debt load relative to assets than 68% of similar nonprofits.
Liabilities / Revenue
88th percentile
Higher debt load relative to revenue than 88% of similar nonprofits.
Net Margin
4th percentile
Higher net margin than 4% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 38.5% of source-year revenue.
Asset Growth
84th percentile
Faster asset growth than 84% of similar nonprofits.
Revenue Growth
78th percentile
Faster revenue growth than 78% of similar nonprofits.
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
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
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 |
| Name | Title | Other | Total |
|---|---|---|---|
| Roy Nascimento | President, Treasruer | $125,016 | $125,016 |
| Name | Title |
|---|---|
| David Duval | Director |
| Karen Thorne | dIRECTOR |
| Michael Olson | Director |
| Raymond J Martino | Director |
| Scott Barrett | Director |
| Trevor Beauregard | Director |
| William Mullin | Director |
| Raymond Lafond | clerk |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| 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 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Eps LLC | Leominster, MA | - | To Provide Financial Assistance for Economic Development | $75,000 |
| Il Forno Restaurant | Fitchburg, MA | - | To Provide Financial Assistance for Economic Development | $75,000 |
| River Styx Brewing LLC | Fitchburg, MA | - | To Provide Financial Assistance for Economic Development | $75,000 |
| Ne Flatbread & Ale Company Inc | Ayer, MA | - | To Provide Financial Assistance for Economic Development | $40,000 |
| NORMA'S CORNER DAY CARE CENTER INC | Pepperell, MA | - | To Provide Financial Assistance for Economic Development | $20,000 |
| Shawn Delise Dba Looking Glass | Leominster, MA | - | To Provide Financial Assistance for Economic Development | $16,600 |
| Andrew Dansone Dba Fight or Flight Tatoo | Fitchburg, MA | - | To Provide Financial Assistance for Economic Development | $15,000 |
| Aes Realty Trust | Fitchburg, MA | - | To Provide Financial Assistance for Economic Development | $10,000 |
| Bernadette Clark Dba Sharp Designs | Fitchburg, MA | - | To Provide Financial Assistance for Economic Development | $5,000 |
| SACF INC DBA BEEMER'S PUB & GRILL | Fitchburg, MA | - | To Provide Financial Assistance for Economic Development | $5,000 |
| Sitka Creations | Shirley, MA | - | To Provide Financial Assistance for Economic Development | $5,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“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.”
“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.”
“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request”
“Grant allocations for form 990 purposes 341,600.”
“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.”
“Grant allocations reported for 990 purposes 341,600.”
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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 47232 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 31188 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 21480 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 7851 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | EXPANDING ECONOMIC OPPORTUNITY IN CENTRAL MASSACHUSETTS |
| IRS990/AllOtherContributionsAmt | 0 | 104819 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | ROY NASCIMENTO |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9783537600 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 860 SOUTH STREET |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | FITCHBURG |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 01420 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 154024 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 131919 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 3182 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 3182 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 244819 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 341600 |
| IRS990/CYInvestmentIncomeAmt | 0 | 72154 |
| IRS990/CYOtherExpensesAmt | 0 | 255092 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 7712 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -272007 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 596692 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 324685 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 308 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 308 |
| IRS990/Desc | 0 | TO EXPAND ECONOMIC DEVELOPMENT FOR BUSINESSES IN NORTH CENTRAL MASS THROUGH MARKETING, NEWSLETTERS, WEBSITES AND MAILING LISTS |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 178900 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditPerformedInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 1 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 10850 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 10850 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 39.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | SCOTT BARRETT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | DAVID DUVAL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | RAYMOND LAFOND |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | RAYMOND J MARTINO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Michael Olson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Karen Thorne |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | WILLIAM MULLIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | TREVOR BEAUREGARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | ROY NASCIMENTO |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 125016 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | clerk |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | dIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | PRESIDENT, TREASRUER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1986 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 9 |
| IRS990/GovernmentGrantsAmt | 0 | 140000 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 341600 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 341600 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 324685 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 9 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 10792 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 72154 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 72154 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 3 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | MA |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | 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 |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 175000 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 465443 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1174022 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1243615 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 30000 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 30000 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 341600 |
| IRS990/OtherExpensesGrp/Desc | 0 | CONTRACT SERVICES |
| IRS990/OtherExpensesGrp/Desc | 1 | BAD DEBT EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 2 | PROGRAM EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 3 | CONTRACT SERVICES |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 161186 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 24691 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 14195 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 10680 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 161186 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 24691 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 14195 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 10680 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 848353 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 910375 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | ROY NASCIMENTO |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 561000 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LOAN PROCESSING FEES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 7712 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 7712 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | TO EXPAND ECONOMIC DEVELOPMENT IN NORTH CENTRAL MASS BY PROVIDING ALTERNATIVE LENDING OPPORTUNITIES TO SMALL BUSINESSES |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 406942 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 341600 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 79866 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 237705 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 290000 |
| IRS990/PYInvestmentIncomeAmt | 0 | 24592 |
| IRS990/PYOtherExpensesAmt | 0 | 226640 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 3860 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -250483 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 516640 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 266157 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -272007 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 372397 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 679309 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 244819 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 237705 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 137913 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 100372 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 47400 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 768209 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 72154 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 58452 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 79400 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 61484 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 46206 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 317696 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 21312 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.70740 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.64750 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 768209 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 244819 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 237705 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 137913 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 100372 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 47400 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 768209 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 1085905 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 341600 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 255092 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/OtherExpensesNotIncludedAmt | 0 | 341600 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 324685 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | GRANT ALLOCATIONS REPORTED FOR 990 PURPOSES 341,600. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part X, Line 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part XII, Line 4b - Other Adjustments: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 596692 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 324685 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 324685 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 255092 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 75000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 15000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 2 | 16600 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 3 | 5000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 4 | 5000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 5 | 5000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 6 | 20000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 7 | 40000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 8 | 75000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 9 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 10 | 75000 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 2 | TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 3 | TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 4 | TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 5 | TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 6 | TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 7 | TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 8 | TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 9 | TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 10 | TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | EPS LLC |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | ANDREW DANSONE DBA FIGHT OR FLIGHT TATOO |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 2 | SHAWN DELISE DBA LOOKING GLASS |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 3 | SACF INC DBA BEEMER'S PUB & GRILL |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 4 | BERNADETTE CLARK DBA SHARP DESIGNS |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 5 | SITKA CREATIONS |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 6 | NORMA'S CORNER DAY CARE CENTER INC |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 7 | NE FLATBREAD & ALE COMPANY INC |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 8 | RIVER STYX BREWING LLC |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 9 | AES REALTY TRUST |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 10 | IL FORNO RESTAURANT |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 001162656 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 1 | 011668858 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 2 | 810764512 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 3 | 473073911 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 4 | 010580684 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 5 | 475391713 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 6 | 019448511 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 7 | 465240765 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 8 | 475125479 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 9 | 466552066 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 10 | 043476159 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 651 NORTH MAIN STREET |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 1 | 206 SUMMER STREET |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 2 | 21 CENTRAL COURT |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 3 | 310 MAIN STREET |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 4 | 360 SUMMER STREET |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 5 | 2 SHAKER ROAD D101 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 6 | 36 HEALD STREET |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 7 | 9 MAIN STREET |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 8 | 166 BOULDER DRIVE |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 9 | 206 SUMMER STREET |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 10 | 27 AIRPORT ROAD |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | LEOMINSTER |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 1 | FITCHBURG |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 2 | LEOMINSTER |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 3 | FITCHBURG |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 4 | FITCHBURG |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 5 | SHIRLEY |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 6 | PEPPERELL |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 7 | AYER |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 8 | FITCHBURG |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 9 | FITCHBURG |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 10 | FITCHBURG |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 1 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 2 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 3 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 4 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 5 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 6 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 7 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 8 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 9 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 10 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 01453 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 1 | 01420 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 2 | 01453 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 3 | 01420 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 4 | 01420 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 5 | 01464 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 6 | 01463 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 7 | 01432 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 8 | 01420 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 9 | 01420 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 10 | 01420 |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | THE 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/FormAndLineReferenceDesc | 0 | Part I, Line 2: |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
| IRS990ScheduleJ/BoardOrCommitteeApprovalInd | 0 | X |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompensationSurveyInd | 0 | X |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990ScheduleJ/Form990OfOtherOrganizationsInd | 0 | X |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
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Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.