Civic Intelligence

Residents First Development Corp

EIN 04-3282997 • 501(c)3 • Beverly, MA

Profile

Construction of affordable housing

P O Box 3300Beverly, MA 01915
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.86x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

100th percentile

914026.00x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

1st percentile

-189700%

Higher net margin than 1% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

52nd percentile

-0.4%

Faster asset growth than 52% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

53rd percentile

0.0%

Faster revenue growth than 53% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$491,008

Down $1,897 (-0.4%) from 2024

Liabilities

Flat

$914,026

Flat from 2024

Net Assets

Down

-$423,018

Down $1,897 (-0.5%) from 2024

Operations
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Flat

$1

Flat from 2024

Expenses

Up

$1,898

Up $270 (+17%) from 2024

Net Income

Down

-$1,897

Down $270 (-17%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth52nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2010: $2,043,214Liabilities 2010: $5,195,294Net Assets 2010: -$3,152,0802010Assets 2011: $839,459Liabilities 2011: $2,660,020Net Assets 2011: -$1,820,5612011Assets 2012: $842,840Liabilities 2012: $2,698,292Net Assets 2012: -$1,855,4522012Assets 2013: $865,443Liabilities 2013: $2,744,846Net Assets 2013: -$1,879,4032013Assets 2014: $892,879Liabilities 2014: $2,785,007Net Assets 2014: -$1,892,1282014Assets 2015: $1,945,960Liabilities 2015: $3,163,564Net Assets 2015: -$1,217,6042015Assets 2016: $397,518Liabilities 2016: $1,840,877Net Assets 2016: -$1,443,3592016Assets 2017: $306,952Liabilities 2017: $1,264,696Net Assets 2017: -$957,7442017Assets 2018: $518,372Liabilities 2018: $1,044,570Net Assets 2018: -$526,1982018Assets 2019: $511,647Liabilities 2019: $1,044,570Net Assets 2019: -$532,9232019Assets 2020: $504,067Liabilities 2020: $1,044,570Net Assets 2020: -$540,5032020Assets 2021: $502,387Liabilities 2021: $914,026Net Assets 2021: -$411,6392021Assets 2022: $492,398Liabilities 2022: $914,026Net Assets 2022: -$421,6282022Assets 2023: $494,532Liabilities 2023: $914,026Net Assets 2023: -$419,4942023Assets 2024: $492,905Liabilities 2024: $914,026Net Assets 2024: -$421,1212024Assets 2025: $491,008Liabilities 2025: $914,026Net Assets 2025: -$423,0182025

Highlighted filing

2025

Assets$491,008
Liabilities$914,026
Net Assets-$423,018
Open 2025 Filing

Operations Trend

Revenue Growth53rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $533,4742010Expenses 2011: $459,4102011Expenses 2012: $89,2542012Revenue 2013: $344,135Expenses 2013: $368,086Net Income 2013: -$23,9512013Revenue 2014: $526,073Expenses 2014: $538,798Net Income 2014: -$12,7252014Revenue 2015: $854,508Expenses 2015: $179,984Net Income 2015: $674,5242015Revenue 2016: -$120,307Expenses 2016: $105,448Net Income 2016: -$225,7552016Revenue 2017: $525,992Expenses 2017: $40,377Net Income 2017: $485,6152017Revenue 2018: $538,567Expenses 2018: $107,021Net Income 2018: $431,5462018Revenue 2019: $8,112Expenses 2019: $14,837Net Income 2019: -$6,7252019Revenue 2020: $6,320Expenses 2020: $13,900Net Income 2020: -$7,5802020Revenue 2021: $130,548Expenses 2021: $1,684Net Income 2021: $128,8642021Revenue 2022: $2Expenses 2022: $9,991Net Income 2022: -$9,9892022Revenue 2023: $8,143Expenses 2023: $6,009Net Income 2023: $2,1342023Revenue 2024: $1Expenses 2024: $1,628Net Income 2024: -$1,6272024Revenue 2025: $1Expenses 2025: $1,898Net Income 2025: -$1,8972025

Highlighted filing

2025

Revenue$1
Expenses$1,898
Net Income-$1,897
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$491,008
Liabilities
$914,026
Net assets
-$423,018
Revenue
$1
Expenses
$1,898
Net income
-$1,897
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.49$0.91$0.42$0.00$0.00$0.00
2024Detailed filing. Detailed filing data is available for this year.$0.49$0.91$0.42$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.49$0.91$0.42$0.01$0.01$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.49$0.91$0.42$0.00$0.01$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.91$0.41$0.13$0.00$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.50$1.04$0.54$0.01$0.01$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.51$1.04$0.53$0.01$0.01$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.52$1.04$0.53$0.54$0.11$0.43
2017Detailed filing. Detailed filing data is available for this year.$0.31$1.26$0.96$0.53$0.04$0.49
2016Detailed filing. Detailed filing data is available for this year.$0.40$1.84$1.44$0.12$0.11$0.23
2015Detailed filing. Detailed filing data is available for this year.$1.95$3.16$1.22$0.85$0.18$0.67
2014Detailed filing. Detailed filing data is available for this year.$0.89$2.79$1.89$0.53$0.54$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$2.74$1.88$0.34$0.37$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$2.70$1.86$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$2.66$1.82$0.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$5.20$3.15$0.53
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Jul 22, 2025
Return Version
2024v5.1
Gross Receipts
$1
Mission and Program Overview

Mission

Construction of affordable housing

Program Services

DescriptionGrantsExpenses
TO PROVIDE FUNDS FOR LOW, MODERATE AND MIDDLE INCOME INDIVIDUALS IN LOWELL, MASSACHUSETTS.-$1,898
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DIANE SILVAPrestreasPT$0--
STEVEN C PANAGIOTAKOSDirectorPT$0--
JANET C MEEHANDirectorPT$0--
ROBERT R GILMANClerkdirector-$0--
BRUCE AKASHIANDirector-$0--
Filing and Contact Details

Filer

Filer Name
Residents First Development Corp
EIN
04-3282997
In Care Of
% DIANE SILVA
Phone
9784235545
Address
P O BOX 3300, Beverly, MA 01915

Signing Officer

Name
Diane Silva
Title
Pres
Phone
9784235545
Signed
2025-07-22
Discuss with paid preparer
Yes

Preparer

Firm
Mckenzie & Frawley Cpas
Address
PO BOX 929, NORTH CHELMSFORD, MA 01863
Preparer
James M Frawley
Phone
9788517767
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountFILING FEES 54”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearACCOUNTS PAYABLE 237,760 237,760NOTES PAYABLE 676,266 676,266”

Raw XML Appendix142 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0DIANE SILVA
IRS990EZ/BooksInCareOfDetail/PhoneNum09784235545
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 3300
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Beverly
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd001915
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt014453
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt012556
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-1897
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0800
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0492905
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0491008
IRS990EZ/GrossReceiptsAmt01
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt01
IRS990EZ/LandAndBuildingsGrp/BOYAmt0478452
IRS990EZ/LandAndBuildingsGrp/EOYAmt0478452
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-421121
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-423018
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-421121
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-423018
IRS990EZ/OccupancyRentUtltsAndMaintAmt01044
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DIANE SILVA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1STEVEN C PANAGIOTAKOS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JANET C MEEHAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ROBERT R GILMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BRUCE AKASHIAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESTREAS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3CLERKDIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt054
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0CONSTRUCTION OF AFFORDABLE HOUSING
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROVIDE FUNDS FOR LOW, MODERATE AND MIDDLE INCOME INDIVIDUALS IN LOWELL, MASSACHUSETTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt01898
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0914026
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0914026
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt01898
IRS990EZ/TotalProgramServiceExpensesAmt01898
IRS990EZ/TotalRevenueAmt01
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt08142
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0130544
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0138686
IRS990ScheduleA/PrivateFoundation170Ind0X
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/TotalSupportAmt0138695
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountFILING FEES 54
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Category Beginning of Year End of YearACCOUNTS PAYABLE 237,760 237,760NOTES PAYABLE 676,266 676,266
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of total liabilities Part II line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DIANE SILVA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRES
ReturnHeader/BusinessOfficerGrp/PhoneNum09784235545
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RESIDENTS FIRST DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0RESI
ReturnHeader/Filer/EIN0043282997
ReturnHeader/Filer/InCareOfNm0% DIANE SILVA
ReturnHeader/Filer/PhoneNum09784235545
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 3300
ReturnHeader/Filer/USAddress/CityNm0Beverly
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001915
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0851656101
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCKENZIE & FRAWLEY CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 929
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTH CHELMSFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001863
ReturnHeader/PreparerPersonGrp/PhoneNum09788517767
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES M FRAWLEY
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-07-22T12:15:17-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-06-01
ReturnHeader/TaxPeriodEndDt02025-05-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits