Liabilities / Assets
67th percentile
Higher debt load relative to assets than 67% of similar nonprofits.
990 • Fiscal year 2017 • EIN 04-2966372
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
67th percentile
Higher debt load relative to assets than 67% of similar nonprofits.
Liabilities / Revenue
86th percentile
Higher debt load relative to revenue than 86% of similar nonprofits.
Net Margin
55th percentile
Higher net margin than 55% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 31.8% of source-year revenue.
Asset Growth
68th percentile
Faster asset growth than 68% of similar nonprofits.
Revenue Growth
82nd percentile
Faster revenue growth than 82% of similar nonprofits.
Assets
Up$1,913,784
Up $173,538 (+10.0%) from 2016
Net Assets
Up$1,439,291
Up $195,676 (+16%) from 2016
Liabilities
Down$474,493
Down $22,138 (-4.5%) from 2016
Revenue
Up$437,140
Up $112,455 (+35%) from 2016
Expenses
Down$416,813
Down $179,879 (-30%) from 2016
Net Income
Up$20,327
Up $292,334 (+107%) from 2016
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 | |||
| Savings and Temporary Cash Investments | $679,309 | $926,504 | ▲ $247,195 |
| Other Notes and Loans Receivable, Net | $910,375 | $826,747 | ▼ $83,628 |
| Cash and Non-Interest-Bearing Accounts | $131,919 | $121,382 | ▼ $10,537 |
| Accounts Receivable | $7,851 | $32,059 | ▲ $24,208 |
| Intangible Assets | $10,792 | $7,092 | ▼ $3,700 |
| Total Assets | $1,740,246 | $1,913,784 | ▲ $173,538 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $465,443 | $427,106 | ▼ $38,337 |
| Accounts Payable and Accrued Expenses | $31,188 | $43,725 | ▲ $12,537 |
| Other Liabilities | $0 | $3,662 | ▲ $3,662 |
| Total Liabilities | $496,631 | $474,493 | ▼ $22,138 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $1,006,362 | $853,586 | ▼ $152,776 |
| Temporarily Rstr Net Assets | $237,253 | $585,705 | ▲ $348,452 |
| Total Net Assets Fund Balance | $1,243,615 | $1,439,291 | ▲ $195,676 |
| Total Liabilities and Net Assets / Fund Balance | $1,740,246 | $1,913,784 | ▲ $173,538 |
| Name | Title | Other | Total |
|---|---|---|---|
| Roy Nascimento | President, Treasruer | $139,125 | $139,125 |
| Name | Title |
|---|---|
| David Duval | Director |
| Karen Thorne | dIRECTOR |
| Michael Olson | Director |
| Raymond J Martino | Director |
| Scott Barrett | Director |
| William Mullin | Director |
| Raymond Lafond | clerk |
| Line Item | Amount |
|---|---|
| Other Expenses | $241,463 |
| Grants and Similar Amounts Paid | $175,350 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $175,350 | - | - | $175,350 |
| Occupancy | $15,000 | $15,000 | - | $30,000 |
| Advertising | $5,500 | $5,438 | - | $10,938 |
| Fees for Services Accounting | $4,500 | $4,500 | - | $9,000 |
| Fees for Services Legal | $3,732 | - | - | $3,732 |
| Depreciation Depletion | - | $3,700 | - | $3,700 |
| Conferences and Meetings | $2,892 | - | - | $2,892 |
| Other Expenses | $5,787 | $2,070 | - | $2,070 |
| All Other Expenses | - | $-19,371 | - | $-19,371 |
| Total Functional Expenses | $367,922 | $48,891 | $0 | $416,813 |
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $416,813 |
| Expenses per Audited Statements | $241,463 |
| Total Expenses per Audited Statements | $241,463 |
| Expenses Not Reported on Financial Statements | $175,350 |
| Other Expense Adjustments | $175,350 |
| Expenses Not Reported on Form 990 | $0 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Little Explorers | Templeton, MA | - | To Provide Financial Assistance for Economic Development | $39,950 |
| Angel Salon & Spa | Leominster, MA | - | To Provide Financial Assistance for Economic Developmentto Provide Financial | $25,000 |
| Rituals Salon & Spa | leominster, MA | - | To Provide Financial Assistance for Economic Development | $25,000 |
| Steel Strength & Nutrition | Worcester, MA | - | To Provide Financial Assistance for Economic Development | $20,000 |
| Achias Transporatation Inc | Leominster, MA | - | To Provide Financial Assistance for Economic Development | $18,000 |
| Hailey's takeout | Leominster, MA | - | To Provide Financial Assistance for Economic Development | $15,000 |
| Worcester Bakery | Worcester, MA | - | To Provide Financial Assistance for Economic Development | $15,000 |
| Orange Graphix | Orange, MA | - | To Provide Financial Assistance for Economic Development | $12,400 |
| Genesis Coaching & Consulting | Acton, MA | - | To Provide Financial Assistance for Economic Development | $5,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Due to affiliate | $3,662 |
“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 175,350.”
“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 2014 - 2016. 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 175,350.”
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 | 31188 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 43725 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 7851 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 32059 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | EXPANDING ECONOMIC OPPORTUNITY IN CENTRAL MASSACHUSETTS |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 5438 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 5500 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 10938 |
| IRS990/AllOtherContributionsAmt | 0 | 81652 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | -19371 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | -19371 |
| 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 | 131919 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 121382 |
| 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 | 2892 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 2892 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 374402 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 175350 |
| IRS990/CYInvestmentIncomeAmt | 0 | 59193 |
| IRS990/CYOtherExpensesAmt | 0 | 241463 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 3545 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 20327 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 416813 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 437140 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 3700 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 3700 |
| 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 | 74584 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditPerformedInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 1 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 4500 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 4500 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 9000 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 3732 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 3732 |
| 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/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/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/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 | 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/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 | 139125 |
| 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 | 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 | 8 |
| IRS990/GovernmentGrantsAmt | 0 | 292750 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 175350 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 175350 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 437140 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 8 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 10792 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 7092 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 59193 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 59193 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 5 |
| 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 | 465443 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 427106 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1243615 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1439291 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 15000 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 15000 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 30000 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 175350 |
| IRS990/OtherExpensesGrp/Desc | 0 | CONTRACT SERVICES |
| IRS990/OtherExpensesGrp/Desc | 1 | PROGRAM EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 2 | Professional Fees |
| IRS990/OtherExpensesGrp/Desc | 3 | BAD DEBT EXPENSES |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 33622 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 2742 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 1190 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 2070 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 150291 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 4870 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 5787 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 183913 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 7612 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 6977 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 2070 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 3662 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 910375 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 826747 |
| 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 | 3545 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 3545 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | TO EXPAND ECONOMIC DEVELOPMENT IN NORTH CENTRAL MASS BY PROVIDING ALTERNATIVE LENDING OPPORTUNITIES TO SMALL BUSINESSES |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 293338 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 175350 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 62737 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 244819 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 341600 |
| IRS990/PYInvestmentIncomeAmt | 0 | 72154 |
| IRS990/PYOtherExpensesAmt | 0 | 255092 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 7712 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -272007 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 596692 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 324685 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 20327 |
| 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 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 679309 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 926504 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 374401 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 244819 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 237705 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 137913 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 100372 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 1095210 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 59192 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 72154 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 58452 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 79400 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 61484 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 330682 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 20462 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.76810 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.70740 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 1095210 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 374401 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 244819 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 237705 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 137913 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 100372 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 1095210 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 1425892 |
| 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 | 175350 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 241463 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/OtherExpensesNotIncludedAmt | 0 | 175350 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 3662 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Due to affiliate |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 437140 |
| 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 2014 - 2016. 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 175,350. |
| 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 | 416813 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 3662 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 437140 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 437140 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 241463 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 39950 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 12400 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 2 | 18000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 3 | 15000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 4 | 5000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 5 | 25000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 6 | 25000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 7 | 15000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 8 | 20000 |
| 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 DEVELOPMENTTO PROVIDE FINANCIAL |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 7 | TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 8 | TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | Little Explorers |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | Orange Graphix |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 2 | Achias Transporatation Inc |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 3 | Worcester Bakery |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 4 | Genesis Coaching & Consulting |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 5 | Rituals Salon & Spa |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 6 | Angel Salon & Spa |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 7 | Hailey's takeout |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 8 | Steel Strength & Nutrition |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 300962549 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 1 | 038586986 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 2 | 813941655 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 3 | 033728328 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 4 | 023648626 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 5 | 017606575 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 6 | 142685433 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 7 | 087865621 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 8 | 821045130 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 1107 Patriots Road |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 1 | 90 New Athol Rd 3 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 2 | 61 Heritage Lane |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 3 | 118 Main Street |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 4 | 282 Central Street |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 5 | 646 Central Street |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 6 | 875 Merriam Ave Unit 125 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 7 | 301 Lancaster Street |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 8 | 458 Park Ave |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | Templeton |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 1 | Orange |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 2 | Leominster |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 3 | Worcester |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 4 | Acton |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 5 | leominster |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 6 | Leominster |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 7 | Leominster |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 8 | Worcester |
| 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/ZIPCd | 0 | 01468 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 1 | 01364 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 2 | 01453 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 3 | 10608 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 4 | 01720 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 5 | 01453 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 6 | 01453 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 7 | 01453 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 8 | 01610 |
| 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | GRANT ALLOCATIONS FOR FORM 990 PURPOSES 175,350. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section B, line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section B, line 12c |
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Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.