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Common Ground Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 030494844 ✦ Lowell, MA ✦ Designated as a 501(c)(3)

Overview

What is Common Ground Development Corporation?

Common Ground Development Corporation is a nonprofit organization situated in Lowell, Massachusetts, specifically at 155 Merrimack Street, 01852. Their primary mission is to develop, own, and manage affordable housing units for low and moderate-income individuals and families in the Greater Lowell area and other communities in Northern Massachusetts. By doing so, they aim to contribute to the community development and ensure affordable housing options for those in need. Their activities are focused on creating and maintaining affordable housing units, thereby promoting social stability and economic diversity in the region.


Official website here: www.commongroundhousing.org

Is Common Ground Development Corporation legitimate?

Common Ground Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Common Ground Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,154

For more financial information, click here


Official website here: www.commongroundhousing.org

What is the mission statement of Common Ground Development Corporation?

Common Ground Development Corporation is dedicated to the mission of creating affordable housing options for individuals and families with moderate to low income levels. This mission extends beyond Lowell, Massachusetts, encompassing various communities in Northern Massachusetts as well. The organization actively develops, owns, and operates these affordable housing units, aiming to make a significant impact on the community.


Official website here: www.commongroundhousing.org

Who is the CEO of Common Ground Development Corporation?

Glenn Goldman is the President of Common Ground Development Corporation.


Official website here: www.commongroundhousing.org

What is the revenue of Common Ground Development Corporation?

Common Ground Development Corporation's revenue in 2022 was $854,841.


Official website here: www.commongroundhousing.org

Who are the executives of Common Ground Development Corporation and what are their salaries?

Here are 14 key members and their salaries:

    Karen Frederick (Director)
  • Compensation: $0
  • Related: $184,841
  • Other: $17,986

    • Carl Howell (Director)
  • Compensation: $0
  • Related: $130,674
  • Other: $31,593

    • William Lipchitz (Director Of)
  • Compensation: $0
  • Related: $97,484
  • Other: $5,030

    • Glenn Goldman (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Wilde (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Hogan (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Germaine Vigeant-Trudel (Assistant Tr) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marie Sweeney (Clerk) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tim Hirbour (Assistant Cl) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Douglas Deschenes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Hayes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jay V Lee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tha Chhan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anthony Nganga (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.commongroundhousing.org

    Where can I find the form 990 for Common Ground Development Corporation?

    The Common Ground Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.commongroundhousing.org

    Learn more at the official website: www.commongroundhousing.org

    Mission Statement of Common Ground Development Corporation

    Common Ground Development Corporation is dedicated to a significant mission. This mission involves the development, ownership, and operation of affordable housing for individuals and families with low and moderate incomes. By undertaking this task, the organization aims to contribute positively to communities beyond Lowell, Massachusetts, extending its reach to other parts of Northern Massachusetts. Through its community development activities, Common Ground Development Corporation strives to provide affordable housing solutions, thereby making a tangible impact on the lives of those who need it most.

    Impact

    This information is meant to be a general summary of Common Ground Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Common Ground Development Corporation's impact is evident in its commitment to providing affordable housing for low and moderate-income individuals and families in the Greater Lowell area. Through its community development initiatives, Common Ground Development Corporation develops, owns, and operates affordable housing options, addressing a crucial need for housing stability in Lowell, MA, and other communities in Northern Massachusetts. Their mission to create safe and sustainable living spaces for those in need contributes significantly to promoting economic stability and enhancing the overall well-being of individuals and families in the region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-555,620
  • Program Service Revenue: $677,032
  • Gross Receipts: $2,888,020

    • Assets and Liabilities:
  • Total Assets: $3,841,002
  • Total Liabilities: $1,256,810
  • Net Assets: $2,584,192
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    DEVELOPER FEE

    Revenue

    $619,631

    LOW-INCOME HOUSING

    Revenue

    $57,401

    Organization Details

    Founding Year

    2002

    Principal Officer

    Glenn Goldman

    Main Address

    155 MERRIMACK STREET, LOWELL, MA, 01852

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Common Ground Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.