Civic Intelligence

Lowell Makes Inc

990 • Fiscal year 2022 • EIN 46-2789844

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 14, 2024

Organization ProfileWWW.LOWELLMAKES.COM
130 Western AveLowell, MA 01851

(978) 251-4554

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.83x

Higher debt load relative to assets than 92% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

4.25x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

64th percentile

15%

Higher net margin than 64% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

44th percentile

$37,307

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

50th percentile

1.2%

Faster asset growth than 50% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

19th percentile

-20%

Faster revenue growth than 19% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$2,099,155

Up $25,866 (+1.2%) from 2021

Net Assets

Up

$364,909

Up $61,233 (+20%) from 2021

Liabilities

Down

$1,734,246

Down $35,367 (-2.0%) from 2021

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin64th percentile

Revenue

Down

$407,994

Down $99,552 (-20%) from 2021

Expenses

Down

$346,761

Down $32,314 (-8.5%) from 2021

Net Income

Down

$61,233

Down $67,238 (-52%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2013: $19,218Liabilities 2013: $28,5502013Assets 2014: $10,195Liabilities 2014: $32,7862014Assets 2016: $52,105Liabilities 2016: $52,102Net Assets 2016: $02016Assets 2017: $158,998Liabilities 2017: $38,231Net Assets 2017: $120,7672017Assets 2018: $77,799Liabilities 2018: $41,0492018Assets 2019: $89,970Liabilities 2019: $25,3812019Assets 2020: $1,899,109Liabilities 2020: $1,723,904Net Assets 2020: $175,2052020Assets 2021: $2,073,289Liabilities 2021: $1,769,613Net Assets 2021: $303,6762021Assets 2022: $2,099,155Liabilities 2022: $1,734,246Net Assets 2022: $364,9092022Assets 2023: $2,109,820Liabilities 2023: $1,683,795Net Assets 2023: $426,0252023Assets 2024: $2,059,016Liabilities 2024: $1,610,766Net Assets 2024: $448,2502024

Highlighted filing

2022

Assets$2,099,155
Liabilities$1,734,246
Net Assets$364,909
Open 2022 Filing

Operations Trend

Revenue Growth19th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2013: $8,202Expenses 2013: $17,534Net Income 2013: -$9,3322013Revenue 2014: $59,154Expenses 2014: $75,613Net Income 2014: -$16,4592014Revenue 2016: $227,153Expenses 2016: $189,373Net Income 2016: $37,7802016Revenue 2017: $135,789Expenses 2017: $166,270Net Income 2017: -$30,4812017Revenue 2018: $138,839Expenses 2018: $135,968Net Income 2018: $2,8712018Revenue 2019: $136,031Expenses 2019: $108,192Net Income 2019: $27,8392019Revenue 2020: $347,398Expenses 2020: $240,649Net Income 2020: $106,7492020Revenue 2021: $507,546Expenses 2021: $379,075Net Income 2021: $128,4712021Revenue 2022: $407,994Expenses 2022: $346,761Net Income 2022: $61,2332022Revenue 2023: $395,241Expenses 2023: $334,125Net Income 2023: $61,1162023Revenue 2024: $378,853Expenses 2024: $379,405Net Income 2024: -$5522024

Highlighted filing

2022

Revenue$407,994
Expenses$346,761
Net Income$61,233
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 14, 2024
Return Version
2022v5.0
Gross Receipts
$444,022
Mission and Program Overview

Mission

Lowell makes is a collection of open workshops and laboratories where members and students can collaborate to learn, share, and hone crafts of all kinds. The focus is on providing a space for education, entrepreneurship, and engagement with the community of lowell, massachusetts.

Lowell makes is a collection of open workshops and laboratories where members and students can collaborate to learn, share, and hone crafts of all kinds. The focus is on providing a space for education, entrepreneurship, and engagement with the community of lowell, ma.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,983,937$1,984,499▲ $562
Cash and Non-Interest-Bearing Accounts$19,813$65,156▲ $45,343
Savings and Temporary Cash Investments$60,209$48,520▼ $11,689
Total Assets$2,073,289$2,099,155▲ $25,866
Other Assets Total$9,330$980▼ $8,350
Liabilities
Tax Exempt Bond Liabilities$1,095,432$1,124,166▲ $28,734
Mortgage Notes Payable Secured by Investment Property$608,568$533,801▼ $74,767
Deferred Revenue$23,006$45,850▲ $22,844
Other Liabilities$12,423$19,035▲ $6,612
Accounts Payable and Accrued Expenses$30,184$11,394▼ $18,790
Total Liabilities$1,769,613$1,734,246▼ $35,367
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$303,676$364,909▲ $61,233
Total Net Assets Fund Balance$303,676$364,909▲ $61,233
Total Liabilities and Net Assets / Fund Balance$2,073,289$2,099,155▲ $25,866

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,638,622$113,800$1,752,422
Other Land Buildings$284,878$14,671$299,549
Equipment$60,999$69,871$130,870
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleBaseTotal
Christy MatteSecretary (from 8/2022)$37,307$37,307

Board Members and Trustees

NameTitle
Samantha BurdettPresident
Eric SackDirector
Jack WalshDirector
Mark PalermoDirector (from 8/2022)
Rio SabellaDirector (from 8/2022)
James SaundersClerk
John NotoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$239,357
Program Service Revenue
$123,477
Investment Income
$7
Other Revenue
$45,153
All Other Contributions
$50,403
Change in Net Assets
$61,233
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$309,454
Salaries, Compensation, and Employee Benefits$37,307
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$85,959--$85,959
Interest$51,414--$51,414
Depreciation Depletion$49,468--$49,468
Current Officers, Directors, Trustees, and Key Employees$37,307--$37,307
Insurance$15,590--$15,590
Fees for Services Accounting-$13,358-$13,358
Office Expenses$1,676$8,771-$10,447
Other Expenses$10,024$16,228-$10,024
Fees for Services Other$9,683--$9,683
Advertising$3,426--$3,426
Fees for Services Legal-$3,299-$3,299
Total Functional Expenses$305,105$41,656$0$346,761
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
Accrued Unrelated Business Income Taxes$11,428
Security Deposits$7,607

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMassachusetts Development Finance Agency2020-05-14$1,181,466TO PURCHASE BUILDING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$1,181,466-$95,249-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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

“A copy of the form 990 is provided to the president and treasurer for review, comments, and approval prior to filing.”

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

“The conflict of interest policy outlines procedures for handling conflicts of interest and requires that each director and management employee annually complete a conflict of interest statement. Any potential conflicts of interest are discussed at board meetings.”

Form 990, Part VI, Section C, Line 19

“Documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Lowell Makes Inc
EIN
46-2789844
Phone
9782514554
Address
130 WESTERN AVE, LOWELL, MA 01851

Signing Officer

Name
John Noto
Title
Treasurer
Phone
9782514554
Signed
2024-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Samantha Burdett
Formed
2013
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
150

Preparer

Firm
Marcum Llp
Address
53 STATE STREET, BOSTON, MA 02109
Preparer
Douglas Farrington
Phone
6178075000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The following is an excerpt from note two of the financial statements: the organization has been recognized by the internal revenue service (irs) as exempt from federal income taxes under internal revenue code (irc) section 501(a) as an organization described as irc section 501(c)(3), qualifies for charitable contribution deductions, and has been determined not to be a private foundation. The organization is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, the organization is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purpose. The organization accounts for uncertain tax provisions under financial accounting standards board (fasb) accounting standards codification (asc) 740, income taxes, which provides a framework for how entities should recognize, measure, present, and disclose uncertain tax positions in their financial statements. The organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. Management has reviewed the organization's reporting and believes they have not taken tax positions that are more likely than not to be determined to be incorrect by the irs and, therefore, no adjustments or disclosures are required. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods pending or in progress.”

Raw XML AppendixShowing 400 of 500 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/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SAMANTHA BURDETT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0LICENSING INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SUBCONTRACT SERVICES
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IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherExpensesAmt0379075
IRS990/PYOtherRevenueAmt097807
IRS990/PYProgramServiceRevenueAmt0128503
IRS990/PYRevenuesLessExpensesAmt0128471
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IRS990/PYTotalExpensesAmt0379075
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0507546
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt061233
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt02220
IRS990/RentalIncomeOrLossGrp/RealAmt038659
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0125108
IRS990/SavingsAndTempCashInvstGrp/BOYAmt060209
IRS990/SavingsAndTempCashInvstGrp/EOYAmt048520
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2019 AMOUNT: $ 6,872. 2020 AMOUNT: $ 111. 2021 AMOUNT: $ 865. 2022 AMOUNT: $ 1,631.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0233493
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt086130
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0138839
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0979052
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt036643
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt087635
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt055884
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0180162
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0128732
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0128503
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt074210
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt043029
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0374474
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt066394
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0116561
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt073627
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0256582
IRS990ScheduleA/InvestmentIncomeCYPct00.15840
IRS990ScheduleA/InvestmentIncomePYPct00.14420
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01631
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0865
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0111
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt06872
IRS990ScheduleA/OtherIncome509Grp/TotalAmt09479
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearAmt029751
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus1YearAmt028926
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus2YearsAmt017743
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt076420
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.79760
IRS990ScheduleA/PublicSupportPY509Pct00.84990
IRS990ScheduleA/PublicSupportTotal509Amt01291839
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt061687
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt061687
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt061687
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt061687
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0368089
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0409736
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0307703
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0129159
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0138839
IRS990ScheduleA/Total509Grp/TotalAmt01353526
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0436114
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0527162
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0381441
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0136031
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0138839
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01619587
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01638622
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0113800
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01752422
IRS990ScheduleD/EquipmentGrp/BookValueAmt060999
IRS990ScheduleD/EquipmentGrp/DepreciationAmt069871
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0130870
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0284878
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014671
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0299549
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07607
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111428
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED UNRELATED BUSINESS INCOME TAXES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING IS AN EXCERPT FROM NOTE TWO OF THE FINANCIAL STATEMENTS: THE ORGANIZATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A) AS AN ORGANIZATION DESCRIBED AS IRC SECTION 501(C)(3), QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS, AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION. THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ORGANIZATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX PROVISIONS UNDER FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES, WHICH PROVIDES A FRAMEWORK FOR HOW ENTITIES SHOULD RECOGNIZE, MEASURE, PRESENT, AND DISCLOSE UNCERTAIN TAX POSITIONS IN THEIR FINANCIAL STATEMENTS. THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS REVIEWED THE ORGANIZATION'S REPORTING AND BELIEVES THEY HAVE NOT TAKEN TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO BE DETERMINED TO BE INCORRECT BY THE IRS AND, THEREFORE, NO ADJUSTMENTS OR DISCLOSURES ARE REQUIRED. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalLiabilityAmt019035
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02020-05-14
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0043431814
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt01181466
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0TO PURCHASE BUILDING
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusConcerningUBIPct00.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusUseByOthersPct00.21940
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/TotalPrivateBusinessUsePct00.21940
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,099,155
Liabilities
$1,734,246
Net assets
$364,909
Revenue
$407,994
Expenses
$346,761
Net income
$61,233
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.06$1.61$0.45$0.38$0.38$0.00
2023Detailed filing. Detailed filing data is available for this year.$2.11$1.68$0.43$0.40$0.33$0.06
2022Detailed filing. Detailed filing data is available for this year.$2.10$1.73$0.36$0.41$0.35$0.06
2021Detailed filing. Detailed filing data is available for this year.$2.07$1.77$0.30$0.51$0.38$0.13
2020Detailed filing. Detailed filing data is available for this year.$1.90$1.72$0.18$0.35$0.24$0.11
2019Summary only. Only limited summary data is available for this year.$0.09$0.03$0.14$0.11$0.03
2018Summary only. Only limited summary data is available for this year.$0.08$0.04$0.14$0.14$0.00
2017Summary only. Only limited summary data is available for this year.$0.16$0.04$0.12$0.14$0.17$0.03
2016Summary only. Only limited summary data is available for this year.$0.05$0.05$0.00$0.23$0.19$0.04
2014Summary only. Only limited summary data is available for this year.$0.01$0.03$0.06$0.08$0.02
2013Summary only. Only limited summary data is available for this year.$0.02$0.03$0.01$0.02$0.01