Form 990, Page 6, Part VI, Line 11B
“The treasurer of the organziation reviews the form 990, with accompanying forms and schedules, on behalf of the governing body before it is signed and filed.”
990 • Fiscal year 2014 • EIN 04-3367947
Scores are not available for this record yet.
Assets
Up$10,399,873
Up $988,311 (+11%) from 2013
Net Assets
Up$7,551,046
Up $103,659 (+1.4%) from 2013
Liabilities
Up$2,848,827
Up $884,652 (+45%) from 2013
Revenue
Down$776,893
Down $352,403 (-31%) from 2013
Expenses
Up$673,234
Up $170,716 (+34%) from 2013
Net Income
Down$103,659
Down $523,119 (-83%) from 2013
The organization was established for the purpose of maintaining, improving, and revitalizing the local economic and industrial base and to ensure the retention and creation of high quality employment opportunities for the residents of the community.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $9,040,546 | $10,235,302 | ▲ $1,194,756 |
| Cash and Non-Interest-Bearing Accounts | $318,923 | $145,886 | ▼ $173,037 |
| Land, Buildings, and Equipment, Net | $17,437 | $13,231 | ▼ $4,206 |
| Prepaid Expenses and Deferred Charges | $8,724 | $4,547 | ▼ $4,177 |
| Accounts Receivable | $25,932 | $907 | ▼ $25,025 |
| Total Assets | $9,411,562 | $10,399,873 | ▲ $988,311 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $1,942,728 | $2,823,390 | ▲ $880,662 |
| Accounts Payable and Accrued Expenses | $21,447 | $19,188 | ▼ $2,259 |
| Deferred Revenue | - | $6,249 | - |
| Total Liabilities | $1,964,175 | $2,848,827 | ▲ $884,652 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $6,159,684 | $7,096,046 | ▲ $936,362 |
| Temporarily Rstr Net Assets | $1,287,703 | $455,000 | ▼ $832,703 |
| Total Net Assets Fund Balance | $7,447,387 | $7,551,046 | ▲ $103,659 |
| Total Liabilities and Net Assets / Fund Balance | $9,411,562 | $10,399,873 | ▲ $988,311 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $13,231 | $36,903 | $50,134 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Dennis Mccann | Executive Di | FT | $118,500 | $118,500 |
| Name | Title |
|---|---|
| Timothy Dargan | President |
| Dana Lynch | Director |
| Daniel Hussey | Director |
| Lewis Janetos | Director |
| Lisa Stanley | Director |
| Marcella Perry | Director |
| Mark Wentworth | Director |
| Michael Nye | Director |
| Thomas Dumais | Secretary/tr |
| Samuel Reid | Vice Preside |
| Line Item | Amount |
|---|---|
| Other Expenses | $446,031 |
| Salaries, Compensation, and Employee Benefits | $227,203 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $94,800 | $23,700 | - | $118,500 |
| Interest | $112,578 | - | - | $112,578 |
| Other Salaries and Wages | $69,463 | $17,366 | - | $86,829 |
| Occupancy | $12,701 | $3,175 | - | $15,876 |
| Payroll Taxes | $12,455 | $3,114 | - | $15,569 |
| Fees for Services Accounting | $10,190 | $2,547 | - | $12,737 |
| Information Technology | $9,467 | $2,367 | - | $11,834 |
| Travel | $6,804 | - | - | $6,804 |
| Other Employee Benefits | $5,044 | $1,261 | - | $6,305 |
| Depreciation Depletion | $5,045 | - | - | $5,045 |
| Insurance | $3,835 | $959 | - | $4,794 |
| Fees for Services Legal | $3,788 | - | - | $3,788 |
| Fees for Services Other | $1,758 | $155 | - | $1,913 |
| Office Expenses | $1,580 | - | - | $1,580 |
| Other Expenses | $135 | $1,274 | - | $135 |
| Total Functional Expenses | $617,316 | $55,918 | $0 | $673,234 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $673,234 |
| Total Expenses per Audited Statements | $673,234 |
| Total Expenses per Form 990 | $673,234 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The treasurer of the organziation reviews the form 990, with accompanying forms and schedules, on behalf of the governing body before it is signed and filed.”
“All officers, board members, and key employees are regularly asked to disclose their business and investment holdings and transactions, including other family members, that could give rise to potential conflicts of interest.”
“The governing body of the organization has established a compensation committee to monitor and recommend salary guidelines for its key employees, including the executive director, utilizing comparative compensation data and other resources.”
“The governing body of the organization has established a compensation committee to monitor and recommend salary guidelines for its key employees including the executive director, utilizing comparative compensation data and other resources.”
“The organization makes available its governing document, conflict of interest policy, and audited financial statemetns to the general public by providing copies upon request or by inspection at its main office.”
“The organization was established for the purpose of maintaining, improving, and revitalizing the local economic and industrial base and to ensure the retention and creation of high quality employment opportunities for the residents of the community.”
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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|---|---|---|
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| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 907 |
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| IRS990/ActivityOrMissionDesc | 0 | THE ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF MAINTAINING, IMPROVING, AND REVITALIZING THE LOCAL ECONOMIC AND INDUSTRIAL BASE AND TO ENSURE THE RETENTION AND CREATION OF HIGH QUALITY EMPLOYMENT OPPORTUNITIES FOR THE RESIDENTS OF THE COMMUNITY. |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
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| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | DENNIS MCCANN EXECUTIVE DIRECTOR |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6037492211 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | COCHECO FALLS MILLWORKS 100 MAIN |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | DOVER |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NH |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 03820 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 318923 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 145886 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 23700 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 94800 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 118500 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
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| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
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| IRS990/CYProgramServiceRevenueAmt | 0 | 776693 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 103659 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 227203 |
| IRS990/CYTotalExpensesAmt | 0 | 673234 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 776893 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
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| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 5045 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 5045 |
| IRS990/Desc | 0 | THE ORGANIZATION ORIGINATED EIGHT ADDITIONAL ECONOMIC DEVELOPMENT LOANS FOR AREA BUSINESSES DURING THE FISCAL YEAR ENDED DECEMBER 31, 2014, ADDING 2,467,000 IN NEW LENDING TO ITS LOAN PORTFOLIO. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
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| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
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| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
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| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 3788 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 155 |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | DANA LYNCH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | MICHAEL NYE |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | SAMUEL REID |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | LISA STANLEY |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | SECRETARY/TR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | VICE PRESIDE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | EXECUTIVE DI |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 1997 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 10 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 776893 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
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| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
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| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 11834 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 959 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 3835 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 4794 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 112578 |
| IRS990/InterestGrp/TotalAmt | 0 | 112578 |
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| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 200 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 6 |
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| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 13231 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 50134 |
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| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
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| IRS990/MissionDesc | 0 | THE ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF MAINTAINING, IMPROVING, AND REVITALIZING THE LOCAL ECONOMIC AND INDUSTRIAL BASE AND TO ENSURE THE RETENTION AND CREATION OF HIGH QUALITY EMPLOYMENT OPPORTUNITIES FOR THE RESIDENTS OF THE COMMUNITY. |
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| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 12701 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 15876 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 1580 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 1580 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
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| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
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| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 5044 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 6305 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROVISION FOR NON-PERFORM |
| IRS990/OtherExpensesGrp/Desc | 1 | MISCELLANEOUS |
| IRS990/OtherExpensesGrp/Desc | 2 | BAD DEBTS |
| IRS990/OtherExpensesGrp/Desc | 3 | TRAINING |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1274 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 258576 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 5097 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 4000 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 135 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 258576 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 6371 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 4000 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 135 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 17366 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 69463 |
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| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 9040546 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 10235302 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 3114 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 12455 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 15569 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 8724 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 4547 |
| IRS990/PrincipalOfficerNm | 0 | DENNIS MCCANN |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 561499 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 561499 |
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| IRS990/ProgramServiceRevenueGrp/BusinessCd | 4 | 561499 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LOAN INTEREST INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | OTHER INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | FEES AND COMMISSIONS ON LOANS |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | FEDERAL GRANTS |
| IRS990/ProgramServiceRevenueGrp/Desc | 4 | NH TAX CREDITS FOR ECONOMIC D |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 694863 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 25430 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 24600 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 19000 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 4 | 12800 |
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| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 19000 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF MAINTAINING, IMPROVING, AND REVITALIZING THE LOCAL ECONOMIC AND INDUSTRIAL BASE AND TO ENSURE THE RETENTION AND CREATION OF HIGH QUALITY EMPLOYMENT OPPORTUNITIES FOR THE RESIDENTS OF THE COMMUNITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE TREASURER OF THE ORGANZIATION REVIEWS THE FORM 990, WITH ACCOMPANYING FORMS AND SCHEDULES, ON BEHALF OF THE GOVERNING BODY BEFORE IT IS SIGNED AND FILED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ALL OFFICERS, BOARD MEMBERS, AND KEY EMPLOYEES ARE REGULARLY ASKED TO DISCLOSE THEIR BUSINESS AND INVESTMENT HOLDINGS AND TRANSACTIONS, INCLUDING OTHER FAMILY MEMBERS, THAT COULD GIVE RISE TO POTENTIAL CONFLICTS OF INTEREST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE GOVERNING BODY OF THE ORGANIZATION HAS ESTABLISHED A COMPENSATION COMMITTEE TO MONITOR AND RECOMMEND SALARY GUIDELINES FOR ITS KEY EMPLOYEES, INCLUDING THE EXECUTIVE DIRECTOR, UTILIZING COMPARATIVE COMPENSATION DATA AND OTHER RESOURCES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE GOVERNING BODY OF THE ORGANIZATION HAS ESTABLISHED A COMPENSATION COMMITTEE TO MONITOR AND RECOMMEND SALARY GUIDELINES FOR ITS KEY EMPLOYEES INCLUDING THE EXECUTIVE DIRECTOR, UTILIZING COMPARATIVE COMPENSATION DATA AND OTHER RESOURCES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENT, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMETNS TO THE GENERAL PUBLIC BY PROVIDING COPIES UPON REQUEST OR BY INSPECTION AT ITS MAIN OFFICE. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 19 |
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Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.