Civic Intelligence

North Central Massachusetts Development Corp

990 • Fiscal year 2018 • EIN 04-2966372

Oct 01, 2017 to Sep 30, 2018 • Filed on Feb 15, 2019

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

70th percentile

0.29x

Higher debt load relative to assets than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

1.76x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

7th percentile

-46%

Higher net margin than 7% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

83rd percentile

$146,309

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 40.9% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

76th percentile

13%

Faster asset growth than 76% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

15th percentile

-18%

Faster revenue growth than 15% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,170,554

Up $256,770 (+13%) from 2017

Net Assets

Up

$1,541,845

Up $102,554 (+7.1%) from 2017

Liabilities

Up

$628,709

Up $154,216 (+33%) from 2017

Revenue

Down

$358,062

Down $79,078 (-18%) from 2017

Expenses

Up

$521,508

Up $104,695 (+25%) from 2017

Net Income

Down

-$163,446

Down $183,773 (-904%) from 2017

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

2018

Assets$2,170,554
Liabilities$628,709
Net Assets$1,541,845

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

2018

Revenue$358,062
Expenses$521,508
Net Income-$163,446
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Feb 15, 2019
Return Version
2017v2.3
Gross Receipts
$358,062
Mission and Program Overview

Mission

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

Expanding economic opportunity in central massachusetts

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$926,504$1,144,344▲ $217,840
Other Notes and Loans Receivable, Net$826,747$751,748▼ $74,999
Cash and Non-Interest-Bearing Accounts$121,382$239,432▲ $118,050
Accounts Receivable$32,059$31,638▼ $421
Intangible Assets$7,092$3,392▼ $3,700
Total Assets$1,913,784$2,170,554▲ $256,770
Liabilities
Mortgage Notes Payable Secured by Investment Property$427,106$563,679▲ $136,573
Accounts Payable and Accrued Expenses$43,725$46,727▲ $3,002
Other Liabilities$3,662$18,303▲ $14,641
Total Liabilities$474,493$628,709▲ $154,216
Net Assets / Fund Balance
Temporarily Rstr Net Assets$585,705$868,397▲ $282,692
Unrestricted Net Assets$853,586$673,448▼ $180,138
Total Net Assets Fund Balance$1,439,291$1,541,845▲ $102,554
Total Liabilities and Net Assets / Fund Balance$1,913,784$2,170,554▲ $256,770
Compensation and Service Providers

Employees

NameTitleOtherTotal
Roy NascimentoPresident, Treasruer$146,309$146,309

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$296,637
Program Service Revenue
$5,389
Investment Income
$56,036
Other Revenue
$0
All Other Contributions
$83,604
Change in Net Assets
$-163,446

Audited Revenue Reconciliation

Revenue per Audited Statements
$358,062
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$358,062
Total Revenue per Form 990
$358,062
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$266,000
Other Expenses$255,508
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$266,000--$266,000
Occupancy$15,000$15,000-$30,000
Fees for Services Accounting$7,552$2,517-$10,069
Advertising-$8,272-$8,272
Office Expenses-$5,805-$5,805
Conferences and Meetings$4,489--$4,489
Depreciation Depletion-$3,700-$3,700
Other Expenses$11,418$3,281-$3,281
Fees for Services Legal$1,015--$1,015
All Other Expenses-$722-$722
Insurance-$616-$616
Total Functional Expenses$425,010$96,498$0$521,508

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$521,508
Expenses Not Reported on Financial Statements$266,000
Other Expense Adjustments$266,000
Expenses per Audited Statements$255,508
Total Expenses per Audited Statements$255,508
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
NATIVE JOE'SWestminster, MA-To Provide Financial Assistance for Economic Development$75,000
Pageboy Hair SalonWorcester, MA-To Provide Financial Assistance for Economic Development$30,000
Archias TransportationLeominster, MA-To Provide Financial Assistance for Economic Development$25,000
Dr Timothy GallagherLeominster, MA-To Provide Financial Assistance for Economic Development$25,000
Half Axe ThrowingAgawam, MA-To Provide Financial Assistance for Economic Development$25,000
Quite FetchingGrafton, MA-To Provide Financial Assistance for Economic Developmentto Provide Financial$25,000
Jenmar CorporationFitchburg, MA-To Provide Financial Assistance for Economic Development$20,000
Simmons and Sinclair LogisticsLeominster, MA-To Provide Financial Assistance for Economic Development$19,000
Archias TransportationLeominster, MA-To Provide Financial Assistance for Economic Development$10,000
Sharp DesignFitchburg, MA-To Provide Financial Assistance for Economic Development$7,000
Barrington AutumnLunenburg, MA-To Provide Financial Assistance for Econmonic 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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$18,303
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 11B

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

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

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

Form 990, Part VI, Section C, Line 19

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
2019-02-15
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Spinelli CPA Pc
Address
146 WEST BOYLSTON DRIVE, WORCESTER, MA 01606
Preparer
Karen Spinelli
Phone
5083656522
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Grant allocations for form 990 purposes 266,000.

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 2015 - 2017. 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 266,000.

Raw XML AppendixShowing 400 of 563 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/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0175350
IRS990/PYInvestmentIncomeAmt059193
IRS990/PYOtherExpensesAmt0241463
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03545
IRS990/PYRevenuesLessExpensesAmt020327
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0416813
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0437140
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-163446
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0926504
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01144344
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0296637
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0374401
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0244819
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0237705
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0137913
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01291475
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt056036
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt059192
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt072154
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt058452
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt079400
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0325234
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt022393
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.79880
IRS990ScheduleA/PublicSupportPY170Pct00.76810
IRS990ScheduleA/PublicSupportTotal170Amt01291475
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0296637
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0374401
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0244819
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0237705
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0137913
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01291475
IRS990ScheduleA/TotalSupportAmt01616709
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0266000
IRS990ScheduleD/ExpensesSubtotalAmt0255508
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt0266000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018303
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0358062
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 2015 - 2017. 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 266,000.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0521508
IRS990ScheduleD/TotalLiabilityAmt018303
IRS990ScheduleD/TotalRevenuePerForm990Amt0358062
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0358062
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0255508
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt075000
IRS990ScheduleI/RecipientTable/CashGrantAmt125000
IRS990ScheduleI/RecipientTable/CashGrantAmt225000
IRS990ScheduleI/RecipientTable/CashGrantAmt325000
IRS990ScheduleI/RecipientTable/CashGrantAmt420000
IRS990ScheduleI/RecipientTable/CashGrantAmt530000
IRS990ScheduleI/RecipientTable/CashGrantAmt625000
IRS990ScheduleI/RecipientTable/CashGrantAmt719000
IRS990ScheduleI/RecipientTable/CashGrantAmt810000
IRS990ScheduleI/RecipientTable/CashGrantAmt95000
IRS990ScheduleI/RecipientTable/CashGrantAmt107000
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 DEVELOPMENTTO PROVIDE FINANCIAL
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 ECONMONIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10TO PROVIDE FINANCIAL ASSISTANCE FOR ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NATIVE JOE'S
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ARCHIAS TRANSPORTATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2DR TIMOTHY GALLAGHER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3HALF AXE THROWING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4JENMAR CORPORATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5PAGEBOY HAIR SALON
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6QUITE FETCHING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7SIMMONS AND SINCLAIR LOGISTICS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8ARCHIAS TRANSPORTATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9BARRINGTON AUTUMN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10SHARP DESIGN
IRS990ScheduleI/RecipientTable/RecipientEIN0821277176
IRS990ScheduleI/RecipientTable/RecipientEIN1813941655
IRS990ScheduleI/RecipientTable/RecipientEIN2821565204
IRS990ScheduleI/RecipientTable/RecipientEIN3822977526
IRS990ScheduleI/RecipientTable/RecipientEIN4200285470
IRS990ScheduleI/RecipientTable/RecipientEIN5823643327
IRS990ScheduleI/RecipientTable/RecipientEIN6814614326
IRS990ScheduleI/RecipientTable/RecipientEIN7825440824
IRS990ScheduleI/RecipientTable/RecipientEIN8813941655
IRS990ScheduleI/RecipientTable/RecipientEIN9078624302
IRS990ScheduleI/RecipientTable/RecipientEIN10010581684
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0134 MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt161 HERITAGE LANE APT B2
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt254 WILLIAMS STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt39-H CASTLE HILLS ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4222 SOUTH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5157 HARDING STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt61 GRAFTON COMMON
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt72 DUPONT CIRCLE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt861 HERITAGE LANE APT B2
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt962 PLEASANT STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt10360 SUMMER STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WESTMINSTER
IRS990ScheduleI/RecipientTable/USAddress/CityNm1LEOMINSTER
IRS990ScheduleI/RecipientTable/USAddress/CityNm2LEOMINSTER
IRS990ScheduleI/RecipientTable/USAddress/CityNm3AGAWAM
IRS990ScheduleI/RecipientTable/USAddress/CityNm4FITCHBURG
IRS990ScheduleI/RecipientTable/USAddress/CityNm5WORCESTER
IRS990ScheduleI/RecipientTable/USAddress/CityNm6GRAFTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm7LEOMINSTER
IRS990ScheduleI/RecipientTable/USAddress/CityNm8LEOMINSTER
IRS990ScheduleI/RecipientTable/USAddress/CityNm9LUNENBURG
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/ZIPCd001473
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd101420
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd201453
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd301001
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd401420
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd501604
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd601519
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd701453
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd801453
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd901462
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

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