Liabilities / Assets
60th percentile
Higher debt load relative to assets than 60% of similar nonprofits.
EIN 05-0388178 • 501(c)3 • Pawtucket, RI
Profile
The Corporation fosters economic growth in Pawtucket through gap loan financing to promote employment creation and retention.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
60th percentile
Higher debt load relative to assets than 60% of similar nonprofits.
Liabilities / Revenue
70th percentile
Higher debt load relative to revenue than 70% of similar nonprofits.
Net Margin
82nd percentile
Higher net margin than 82% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
75th percentile
Faster asset growth than 75% of similar nonprofits.
Revenue Growth
91st percentile
Faster revenue growth than 91% of similar nonprofits.
Assets
Up$697,229
Up $110,589 (+19%) from 2023
Liabilities
Up$35,941
Up $2,379 (+7.1%) from 2023
Net Assets
Up$661,288
Up $108,210 (+20%) from 2023
Revenue
Up$339,611
Up $159,239 (+88%) from 2023
Expenses
Down$231,401
Down $26,269 (-10%) from 2023
Net Income
Up$108,210
Up $185,508 (+240%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
The Corporation fosters economic growth in Pawtucket through gap loan financing to promote employment creation and retention.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Program Related | $337,778 | $579,281 | ▲ $241,503 |
| Cash and Non-Interest-Bearing Accounts | $97,083 | $106,060 | ▲ $8,977 |
| Accounts Receivable | $561 | $3,308 | ▲ $2,747 |
| Prepaid Expenses and Deferred Charges | $473 | $420 | ▼ $53 |
| Total Assets | $586,640 | $697,229 | ▲ $110,589 |
| Other Assets Total | $150,745 | $8,160 | ▼ $142,585 |
| Liabilities | |||
| Other Liabilities | $16,070 | $33,161 | ▲ $17,091 |
| Accounts Payable and Accrued Expenses | $17,492 | $2,780 | ▼ $14,712 |
| Total Liabilities | $33,562 | $35,941 | ▲ $2,379 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $473,629 | $581,839 | ▲ $108,210 |
| Net Assets Without Donor Restrictions | $79,449 | $79,449 | → $0 |
| Total Net Assets Fund Balance | $553,078 | $661,288 | ▲ $108,210 |
| Total Liabilities and Net Assets / Fund Balance | $586,640 | $697,229 | ▲ $110,589 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Investment Program Related Org | $579,281 | - | - |
| Name | Title |
|---|---|
| Scott Rotondo | President |
| Minnie Luong | Vice President |
| Adalberto Perez | Director |
| Ellen Matesanz | Director |
| Emily Morse | Director |
| Irene Santos | Director |
| Isaac Amponsah | Director |
| Linsey Ramirez | Director |
| Richard Sugerman | Director |
| Matthew Carvalho | Secretary |
| John Neary | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $119,391 |
| Grants and Similar Amounts Paid | $112,010 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $112,010 | - | - | $112,010 |
| Fees for Services Accounting | $30,779 | - | - | $30,779 |
| Fees for Services Other | $17,860 | - | - | $17,860 |
| Advertising | $5,000 | - | - | $5,000 |
| Other Expenses | $1,031 | - | - | $1,031 |
| Insurance | $683 | - | - | $683 |
| Total Functional Expenses | $231,401 | $0 | $0 | $231,401 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $231,401 |
| Total Expenses per Audited Statements | $231,401 |
| Total Expenses per Form 990 | $231,401 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Due to City of Pawtucket | $31,400 |
| Accrued Expenses | $1,640 |
| Loan Overpayments Payable | $121 |
“Line 6 explanation - The mayor of Pawtucket is empowered by the by-laws of the Pawtucket Business Development Corporation (PBDC) to appoint the PBDC Directors who will number 11 to 17 and serve terms requiring no more than 25% annual term expirations.”
“Line 7a explanation - The PBDC directors annually elect the Officers of the Corporation.”
“Line 7b explanation - The PBDC Governing Body requires the Corporation Directors to approve all decisions and actions of the PBDC.”
“Line 11b Explanation - A copy of the PBDC's Form 990 is emailed to the Governing Body prior to filing.”
“All directors are required to execute a conflict of interest pledge disclosing all personal relationships and/or other interests of any nature with organizations which could potential benefit from PBDC's economic assistance.”
“In accordance with policies and procedures of the City of Pawtucket, all PBDC public documents are available for inspection & copying during business hours at city hall.”
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 | 17492 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 2780 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 561 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 3308 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | The Corporation fosters economic growth in Pawtucket through gap loan financing to promote employment creation and retention. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 5000 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 5000 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | Mark Goudreau |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 4017280500 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 137 Roosevelt Avenue |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Pawtucket |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | RI |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 02860 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 97083 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 106060 |
| 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/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 327010 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 112010 |
| IRS990/CYInvestmentIncomeAmt | 0 | 430 |
| IRS990/CYOtherExpensesAmt | 0 | 119391 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 12171 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 108210 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 231401 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 339611 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | As of June 30, 2024 the Corporation managed 26 commercial "gap financing" loans which enabled the borrows to create low to moderate jobs. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 473629 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 581839 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 119391 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 30779 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 30779 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 17860 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 17860 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Matthew Carvalho |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Richard Sugerman |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | John Neary |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Isaac Amponsah |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Scott Rotondo |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Minnie Luong |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Emily Morse |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Adalberto Perez |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Linsey Ramirez |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Irene Santos |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | Ellen Matesanz |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Vice President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Director |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 11 |
| IRS990/GovernmentGrantsAmt | 0 | 327010 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 112010 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 112010 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 339611 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 11 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 683 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 683 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 430 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 430 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 337778 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 579281 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | The Corporation fosters economic growth in Pawtucket through gap loan financing to promote employment creation and retention. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 553078 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 661288 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 79449 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 79449 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 150745 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 8160 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | Bad Debt Expense |
| IRS990/OtherExpensesGrp/Desc | 1 | Forgiven Loan |
| IRS990/OtherExpensesGrp/Desc | 2 | Loan Processing |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 53090 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 10948 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 1031 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 53090 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 10948 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 1031 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 16070 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 33161 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 473 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 420 |
| IRS990/PrincipalOfficerNm | 0 | John Connors |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 522291 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | COMMERCIAL LOAN INTERE |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 12171 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 12171 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | The Corporation issued grants to small businesses located in Pawtucket for the purpose of improving or replacing HVAC systems. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 112010 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 110410 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 169102 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 144102 |
| IRS990/PYInvestmentIncomeAmt | 0 | 424 |
| IRS990/PYOtherExpensesAmt | 0 | 113568 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 10846 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -77298 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 257670 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 180372 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 108210 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 1 |
| IRS990/RevenueAmt | 0 | 229202 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 12171 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 10846 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 21002 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 63900 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 223714 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 331633 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 189 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 163 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 348 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 700 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.99790 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.99700 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 331633 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 12171 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 10846 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 21002 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 63900 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 223714 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 331633 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 332333 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 231401 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 0 | 579281 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 0 | Business Development Loans |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 121 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 31400 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 1640 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Loan Overpayments Payable |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | Due to City of Pawtucket |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | Accrued Expenses |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 339611 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalBookValueProgramRltdAmt | 0 | 579281 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 231401 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 33161 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 339611 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 339611 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 231401 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Line 6 explanation - The mayor of Pawtucket is empowered by the by-laws of the Pawtucket Business Development Corporation (PBDC) to appoint the PBDC Directors who will number 11 to 17 and serve terms requiring no more than 25% annual term expirations. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Line 7a explanation - The PBDC directors annually elect the Officers of the Corporation. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Line 7b explanation - The PBDC Governing Body requires the Corporation Directors to approve all decisions and actions of the PBDC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Line 11b Explanation - A copy of the PBDC's Form 990 is emailed to the Governing Body prior to filing. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | All directors are required to execute a conflict of interest pledge disclosing all personal relationships and/or other interests of any nature with organizations which could potential benefit from PBDC's economic assistance. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | In accordance with policies and procedures of the City of Pawtucket, all PBDC public documents are available for inspection & copying during business hours at city hall. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section A, line 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section A, line 7a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section A, line 7b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Section C, line 19 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 586640 |
| IRS990/TotalAssetsEOYAmt | 0 | 697229 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 586640 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 697229 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 327010 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 231401 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 231401 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 33562 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 35941 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 33562 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 35941 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 553078 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 661288 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 231401 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 12171 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 12601 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 339611 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 586640 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 697229 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 137 Roosevelt Avenue |
| IRS990/USAddress/CityNm | 0 | Pawtucket |
| IRS990/USAddress/StateAbbreviationCd | 0 | RI |
| IRS990/USAddress/ZIPCd | 0 | 028604132 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 11 |
| IRS990/VotingMembersIndependentCnt | 0 | 11 |
| IRS990/WebsiteAddressTxt | 0 | http://www.pawtucketri.com/boards-commissions |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Scott Rotondo |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President & CEO |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-08 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Pawtucket Business Development Corp |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PAWT |
| ReturnHeader/Filer/EIN | 0 | 050388178 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 137 Roosevelt Avenue |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Pawtucket |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | RI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 028604132 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 822692864 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Mulvaney Tax and Advisory Services LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 213 Robinson St STE 1M |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Wakefield |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | RI |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 02879 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4018222940 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-08 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CHRISTOPHER MULVANEY |
| ReturnHeader/ReturnTs | 0 | 2025-05-15T09:29:25-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-06-30 |
| ReturnHeader/TaxYr | 0 | 2023 |
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