EIN 04-2966372

North Central Massachusetts Development Corporation

Name: North Central Massachusetts Development Corporation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Programs|Personnel|Financials|Form 990s|Peers

IRS 501(c) type

501(c)(3)

Num. employees

City

Fitchburg

State

Massachusetts

Year formed

1986

Most recent tax filings

2023-09-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

North Central Massachusetts Development Corporation expands economic opportunity in Central Massachusetts by providing a variety of marketing and lending opportunities to small businesses in cooperation with various federal and state agencies. They achieve this mission by expanding economic development for businesses in North Central mass through marketing, newsletters, websites, and mailing lists, as well as providing alternative lending opportunities to small businesses.

Related structure

North Central Massachusetts Development Corporation is a subordinate organization under North Central Massachusetts Chamber of Commerce.

Total revenues

$1,614,235

2023

Total expenses

$1,247,983

2023

Total assets

$6,873,771

2023

Num. employees

2023

Program areas at North Central Massachusetts Development Corporation

To expand economic Development in North Central Massachusetts by providing alternative lending opportunities to small businesses.

To expand economic Development for businesses in North Central Massachusetts through marketing, newsletters, websites and mailing lists.

Personnel at North Central Massachusetts Development Corporation

Name	Title	Compensation	Date of data
Roy Nascimento	President and Chief Executive Officer \| X225	$0	2024-07-29
Bea Lee	Portfolio Manager \| X228		2024-05-09
Vicky Tippawong	Marketing and Communications Manager \| X240		2024-05-09
Tracy Gagnon	Manager of Membership Recruitment and Engagement \| X239		2024-05-09
Travis Condon	Public Affairs Manager \| X224		2024-05-09
...and 7 more key personnel

Financials for North Central Massachusetts Development Corporation

Revenues	FYE 09/2023	FYE 09/2022	% Change
Total grants, contributions, etc.	$1,457,694	$2,260,799	-35.5%
Program services	$137,608	$114,408	20.3%
Investment income and dividends	$18,933	$927	1942.4%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$1,614,235	$2,376,134	-32.1%

Form 990s for North Central Massachusetts Development Corporation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-09	2024-07-29	990	View PDF
2022-09	2023-07-14	990	View PDF
2021-09	2022-02-10	990	View PDF
2020-09	2021-04-12	990	View PDF
2019-09	2020-08-27	990	View PDF
...and 9 more Form 990s

Organizations like North Central Massachusetts Development Corporation

Organization	Type	Location	Revenue
Lawrence Partnership	501(c)(3)	Lawrence, MA	$972,745
Northeast Mo Rural Development Corporation	501(c)(3)	Memphis, MO	$529,735
Rochester Economic Development Corporation	501(c)(3)	Rochester, NY	$1,537,376
Market Vanburen	501(c)(3)	Benton Harbor, MI	$514,262
Hill Community Development Corporation	501(c)(3)	Pittsburgh, PA	$5,482,201
West Central Nebraska Development District	501(c)(3)	Ogallala, NE	$854,674
Riverworks Development Corporation	501(c)(3)	Milwaukee, WI	$2,491,512
Barberton Community Development Corporation	501(c)(3)	Barberton, OH	$1,614,614
Greater Fargo Moorhead Economic Development Corporation	501(c)(3)	Fargo, ND	$2,046,324
Initiating Change in Our Neighborhoods Community Development Corporation	501(c)(3)	Pacoima, CA	$4,036,369

Data update history

May 9, 2024

Updated personnel

Identified 23 new personnel

August 24, 2023

Posted financials

Added Form 990 for fiscal year 2022

August 21, 2023

Updated personnel

Identified 1 new personnel

August 8, 2023

Posted financials

Added Form 990 for fiscal year 2021

June 9, 2023

Updated personnel

Identified 3 new personnel

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsChapter / child organizationsCharities

Issues

Community improvementEconomic development

Characteristics

State / local levelReceives government fundingManagement and technical assistanceTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: 860 S St; Fitchburg, MA 01420
Metro area: Worcester, MA-CT
County: Worcester County, MA
Website URL: northcentralmass.com/economic-development/
Phone: (978) 353-7600

IRS details

EIN: 04-2966372
Fiscal year end: September
Taxreturn type: Form 990
Year formed: 1986
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Subordinate organization

Blog articles

Free account sign-up

Want updates when North Central Massachusetts Development Corporation has new information, or want to find more organizations like North Central Massachusetts Development Corporation?

Create free Cause IQ account

North Central Massachusetts Development Corporation

Program areas at North Central Massachusetts Development Corporation

Personnel at North Central Massachusetts Development Corporation

Financials for North Central Massachusetts Development Corporation

Form 990s for North Central Massachusetts Development Corporation

Organizations like North Central Massachusetts Development Corporation

Nonprofits

Product

Customers

About