EIN 02-0385121

Granite State Economic Development Corporation (GSDC)

IRS 501(c) type
501(c)(4)
Num. employees
32
Year formed
1982
Most recent tax filings
2023-09-01
NTEE code, primary
Description
GSDC is the most active certified development company (CDC) in New England and provide financing in the states of Maine, Massachusetts, New Hampshire and Vermont.
Total revenues
$9,828,396
2023
Total expenses
$8,049,295
2023
Total assets
$22,447,674
2023
Num. employees
32
2023

Program areas at GSDC

To create Economic Development by assisting businesses to acquire sba 504 financing to expand their businesses by acquiring, renovating or constructing real estate and/or acquiring machinery & equipment. The expanded businesses lead to the creation and/or retention of jobs within the states of operations, including Maine, new hampshire, Vermont and Massachusetts.

Grants made by GSDC

GranteeAmount
General Hospital Corporation Long-Term Disability Trust$200,000
Utec Hub$10,000
Common Threads of Maine$10,000

Personnel at GSDC

NameTitleCompensation
Pamela BaileyVice President Compliance Officer
Brant AbrahamVice President
Scott GardinerFormer Employee$391,780
Barbara ArenaVice President$209,001
Sean E. FitzgeraldSenior Vice President$305,600
...and 5 more key personnel

Financials for GSDC

RevenuesFYE 09/2023
Total grants, contributions, etc.$0
Program services$8,640,186
Investment income and dividends$1,188,210
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$9,828,396

Form 990s for GSDC

Fiscal year endingDate received by IRSFormPDF link
2023-092024-01-23990View PDF
2022-092023-01-12990View PDF
2021-092022-01-11990View PDF
2020-092021-06-30990View PDF
2019-092020-10-16990View PDF
...and 9 more Form 990s
Data update history
June 6, 2024
Posted financials
Added Form 990 for fiscal year 2023
June 24, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
April 16, 2022
Updated personnel
Identified 1 new personnel
October 17, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizations
Issues
Economic developmentBusiness and industry
Characteristics
State / local level
General information
Address
1 Cate St 3rd Floor
Portsmouth, NH 03801
Metro area
Boston-Cambridge-Newton, MA-NH
County
Rockingham County, NH
Website URL
granitestatedev.com/ 
Phone
(603) 436-0009
Facebook page
GraniteStateDevelopment 
Twitter profile
@gsdc504 
IRS details
EIN
02-0385121
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1982
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S40: Business and Industry
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
Free account sign-up

Want updates when GSDC has new information, or want to find more organizations like Granite State Economic Development Corporation (GSDC)?

Create free Cause IQ account