EIN 04-3268142

Quaboag Valley Business Assistance Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Year formed
1995
Most recent tax filings
2023-06-01
Description
Quaboag Valley Business Assistance Corporation provides economic assistance and development by granting loans and offering line of credit from area banks to local businesses. It invests capital in businesses that cannot get conventional investment, creating economic opportunities in the Quaboag region. In addition to loans, it also offers grants and advisory support to businesses.
Related structure
Quaboag Valley Business Assistance Corporation is a subordinate organization under Quaboag Valley Community Development Corporation.
Total revenues
$218,931
2023
Total expenses
$203,010
2023
Total assets
$2,282,650
2023
Num. employees
0
2023

Program areas at Quaboag Valley Business Assistance Corporation

Provide grants, loans and advisory support to businesses of the Quaboag region; to invest capital in businesses that are unable to procure such investment through conventional systems in order to create a climate of economic opportunity in the region and to engage in community economic development activities that will substantially benefit low income, disadvantaged residents of the service area by means of programs which have a goal, directly or indirectly, at least one of the following: (1) the reduction of unemployment, (2) the reduction of underemployment, (3) education or job skills training; for low income residents.

Personnel at Quaboag Valley Business Assistance Corporation

NameTitleCompensation
Sheila CuddyExecutive Director$0
Vincent McCaugheyVice President$0
Krista WilsonTreasurer$0
Robert BottomleyVice President$0
Ronald ChristensenClerk$0
...and 1 more key personnel

Financials for Quaboag Valley Business Assistance Corporation

RevenuesFYE 06/2023
Total grants, contributions, etc.$170,061
Program services$41,279
Investment income and dividends$1,244
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$6,347
Total revenues$218,931

Form 990s for Quaboag Valley Business Assistance Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-13990View PDF
2022-062023-05-12990View PDF
2021-062022-05-12990View PDF
2020-062021-05-26990View PDF
2019-062020-09-29990View PDF
...and 10 more Form 990s
Data update history
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 9, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 11, 2021
Posted financials
Added Form 990 for fiscal year 2020
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
February 25, 2021
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsChapter / child organizationsCharities
Issues
Business and industry
Characteristics
Receives government fundingTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
23 W Main St Suite 1
Ware, MA 01082
Metro area
Springfield, MA
County
Hampshire County, MA
Website URL
qvcdc.org/ 
Phone
(413) 967-3001
IRS details
EIN
04-3268142
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1995
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Subordinate organization
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