North Central Massachusetts Development Corporation

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

EIN: 042966372 ✦ Fitchburg, MA ✦ Designated as a 501(c)(3)

Overview

What is North Central Massachusetts Development Corporation?

The North Central Massachusetts Development Corporation, located at 860 South Street, Fitchburg, MA 01420, is a nonprofit organization dedicated to expanding economic opportunities in the North Central region of Massachusetts. They achieve this goal by offering alternative lending opportunities to small businesses, acting as a catalyst for growth and development within the community. In collaboration with various federal and state agencies, the corporation provides a range of marketing and financial support, aiming to empower local businesses and foster a thriving economic landscape in the region.


Official website here: www.choosenorthcentral.com

Is North Central Massachusetts Development Corporation legitimate?

North Central Massachusetts Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Central Massachusetts 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: $470,092

For more financial information, click here


Official website here: www.choosenorthcentral.com

What is the mission statement of North Central Massachusetts Development Corporation?

The North Central Massachusetts Development Corporation's mission is to foster economic growth in the region by offering a range of marketing and lending opportunities to small businesses. This is done in collaboration with various federal and state agencies. The corporation's primary goal is to expand economic development in North Central Massachusetts by providing alternative financing options to small businesses. They aim to contribute to the local economy by supporting these businesses and promoting economic growth.


Official website here: www.choosenorthcentral.com

Who is the CEO of North Central Massachusetts Development Corporation?

Roy Nascimento is the Director of North Central Massachusetts Development Corporation.


Official website here: www.choosenorthcentral.com

What is the revenue of North Central Massachusetts Development Corporation?

North Central Massachusetts Development Corporation's revenue in 2022 was $2,376,134.


Official website here: www.choosenorthcentral.com

Who are the executives of North Central Massachusetts Development Corporation and what are their salaries?

Here are 9 key members and their salaries:

    Roy Nascimento (President, Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $181,183
  • Other: $0

    • Raymond Martino (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christina Dirusso (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Thorne (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Barrett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Raymond Lafond (Clerk) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Duval (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Trevor Beauregard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Freeman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.choosenorthcentral.com

    Where can I find the form 990 for North Central Massachusetts Development Corporation?

    The North Central Massachusetts Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.choosenorthcentral.com

    Learn more at the official website: www.choosenorthcentral.com

    Mission Statement of North Central Massachusetts Development Corporation

    The North Central Massachusetts Development Corporation is dedicated to expanding economic opportunities in its region. Its mission is to achieve this goal by offering a range of marketing and lending opportunities to small businesses. This organization collaborates with various federal and state agencies to provide alternative financing solutions to these businesses, thereby contributing to the economic development of North Central Massachusetts. By offering these services, the North Central Massachusetts Development Corporation is instrumental in fostering growth and prosperity in the local business community.

    Impact

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




    Saturday, July 20, 2024

    North Central Massachusetts Development Corporation has a significant impact on the economic landscape of Central Massachusetts. By providing alternative lending opportunities to small businesses in the region, they help in expanding economic development and fostering growth. Through collaboration with various federal and state agencies, they offer a variety of marketing and lending opportunities to support the success of small businesses. Their work contributes to creating a vibrant business environment in North Central Massachusetts, stimulating local economies and generating employment opportunities.





    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: $927
  • Program Service Revenue: $114,408
  • Gross Receipts: $2,376,134

    • Assets and Liabilities:
  • Total Assets: $7,059,159
  • Total Liabilities: $1,397,015
  • Net Assets: $5,662,144
  • Programs

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

    LOAN INTEREST INCOME

    Revenue

    $89,890

    LOAN PROCESSING FEES

    Revenue

    $24,518

    Organization Details

    Founding Year

    1986

    Principal Officer

    Roy Nascimento

    Main Address

    860 SOUTH STREET, FITCHBURG, MA, 01420

    If you are a representative of North Central Massachusetts 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.