Nonprofit · EIN 04-2603693
LOWELL DEVELOPMENT AND FINANCIAL CORPORATION
Tax-exempt · LOWELL, MA 01854
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $430,563 | $1,079,678 | -$649,115 | $7,573,338 | $2,075,478 | $5,497,860 |
| June 30, 2024 | 990 | $458,536 | $500,786 | -$42,250 | $8,518,936 | $2,371,961 | $6,146,975 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $37,730
- Program service revenue
- $138,832
- Investment income
- $126,370
- Other revenue
- $127,631
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $129,825
- Other salaries and wages
- $87,920
- Salaries, compensation and benefits (total)
- $254,829
- Professional fundraising fees
- $0
- Legal fees
- $5,207
- Accounting fees
- $49,624
- Occupancy
- $47,027
- Program services (functional)
- $334,863
- Management and general (functional)
- $744,815
Balance sheet and other
- Total assets, start of year
- $8,518,936
- Total assets, end of year
- $7,573,338
- Total liabilities, end of year
- $2,075,478
- Net assets, end of year
- $5,497,860
- Net assets without donor restrictions
- $321,866
- Net assets with donor restrictions
- $5,175,994
- Gross receipts
- $430,563
- Employees
- 2
- Year formed
- 1975
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALLISON LAMEY | EXECUTIVE DI Officer | 35 | $137,787 | $13,779 |
| JAMES HOGAN | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| KARA DOYLE | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| ANI VONG | CLERK Trustee or director, Officer | 5 | $0 | $0 |
| YUN-JU CHOI | DIRECTOR Trustee or director | – | $0 | $0 |
| SHANNON ARENBURG | DIRECTOR Trustee or director | – | $0 | $0 |
| YOVANI BAEZ-ROSE | DIRECTOR Trustee or director | – | $0 | $0 |
| TREVOR BLOOM | DIRECTOR Trustee or director | – | $0 | $0 |
| JANE CALVIN | DIRECTOR Trustee or director | – | $0 | $0 |
| GARY CAMPBELL | DIRECTOR Trustee or director | – | $0 | $0 |
| PAUL CAREY | DIRECTOR Trustee or director | – | $0 | $0 |
| JULIE CHEN | DIRECTOR Trustee or director | – | $0 | $0 |
| DANIEL FIELD | DIRECTOR Trustee or director | – | $0 | $0 |
| JULIE GALONSKA | DIRECTOR Trustee or director | – | $0 | $0 |
| ROBERT GILMAN | DIRECTOR Trustee or director | – | $0 | $0 |
21 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS GOLDEN | DIRECTOR Trustee or director | – | $0 |
| RAYMOND HAMILTON | DIRECTOR Trustee or director | – | $0 |
| STACIE HARGIS | DIRECTOR Trustee or director | – | $0 |
| EDWARD KENNEDY | DIRECTOR Trustee or director | – | $0 |
| JAMES LINNEHAN JR | DIRECTOR Trustee or director | – | $0 |
| DEBORAH MCADAMS | DIRECTOR Trustee or director | – | $0 |
| DANIELLE MCFADDEN | DIRECTOR Trustee or director | – | $0 |
| CATHY MERCADO | DIRECTOR Trustee or director | – | $0 |
| ANOTHNY NGANGA | DIRECTOR Trustee or director | – | $0 |
| MARYANN PICARD | DIRECTOR Trustee or director | – | $0 |
| JENNIFER RAITT | DIRECTOR Trustee or director | – | $0 |
| PHILIP SISSON | DIRECTOR Trustee or director | – | $0 |
| JAMES WILDE | DIRECTOR Trustee or director | – | $0 |
| PARKER WILLIAMS | DIRECTOR Trustee or director | – | $0 |
| MARIA ZEQO | DIRECTOR Trustee or director | – | $0 |
| PATTY WILSON | DIRECTOR Trustee or director | – | $0 |
| DAN ROURKE | DIRECTOR Trustee or director | – | $0 |
| DAN RIVERA | DIRECTOR Trustee or director | – | $0 |
| STEVEN JONCAS | DIRECTOR Trustee or director | – | $0 |
| CARL HOWELL | DIRECTOR Trustee or director | – | $0 |
| JEFF BUSH | DIRECTOR Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 37 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALLISON LAMEY | EXECUTIVE DI Officer | 35 | $137,539 | $13,779 |
| JAMES HOGAN | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| KARA DOYLE | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| YUN-JU CHOI | CLERK Trustee or director, Officer | 5 | $0 | $0 |
| SHANNON ARENBURG | DIRECTOR Trustee or director | – | $0 | $0 |
| YOVANI BAEZ-ROSE | DIRECTOR Trustee or director | – | $0 | $0 |
| TREVOR BLOOM | DIRECTOR Trustee or director | – | $0 | $0 |
| JANE CALVIN | DIRECTOR Trustee or director | – | $0 | $0 |
| GARY CAMPBELL | DIRECTOR Trustee or director | – | $0 | $0 |
| PAUL CAREY | DIRECTOR Trustee or director | – | $0 | $0 |
| LINDA CHAN FLYNN | DIRECTOR Trustee or director | – | $0 | $0 |
| SOKHARY CHAU | DIRECTOR Trustee or director | – | $0 | $0 |
| JULIE CHEN | DIRECTOR Trustee or director | – | $0 | $0 |
| DANIEL FIELD | DIRECTOR Trustee or director | – | $0 | $0 |
| KAREN FREDERICK | DIRECTOR Trustee or director | – | $0 | $0 |
| JULIE GALONSKA | DIRECTOR Trustee or director | – | $0 | $0 |
| ROBERT GILMAN | DIRECTOR Trustee or director | – | $0 | $0 |
| THOMAS GOLDEN | DIRECTOR Trustee or director | – | $0 | $0 |
| RAYMOND HAMILTON | DIRECTOR Trustee or director | – | $0 | $0 |
| STACIE HARGIS | DIRECTOR Trustee or director | – | $0 | $0 |
| STEVEN JONCAS | DIRECTOR Trustee or director | – | $0 | $0 |
| ERIN KELLY | DIRECTOR Trustee or director | – | $0 | $0 |
| EDWARD KENNEDY | DIRECTOR Trustee or director | – | $0 | $0 |
| JAMES LINNEHAN JR | DIRECTOR Trustee or director | – | $0 | $0 |
| GLYNN LLOYD | DIRECTOR Trustee or director | – | $0 | $0 |
| DEBORAH MCADAMS | DIRECTOR Trustee or director | – | $0 | $0 |
| DANIELLE MCFADDEN | DIRECTOR Trustee or director | – | $0 | $0 |
| CATHY MERCADO | DIRECTOR Trustee or director | – | $0 | $0 |
| ANOTHNY NGANGA | DIRECTOR Trustee or director | – | $0 | $0 |
| MARYANN PICARD | DIRECTOR Trustee or director | – | $0 | $0 |
| JENNIFER RAITT | DIRECTOR Trustee or director | – | $0 | $0 |
| PHILIP SISSON | DIRECTOR Trustee or director | – | $0 | $0 |
| SOPHAN SMITH | DIRECTOR Trustee or director | – | $0 | $0 |
| ANI VONG | DIRECTOR Trustee or director | – | $0 | $0 |
| JAMES WILDE | DIRECTOR Trustee or director | – | $0 | $0 |
| PARKER WILLIAMS | DIRECTOR Trustee or director | – | $0 | $0 |
| MARIA ZEQO | DIRECTOR Trustee or director | – | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 660 SUFFOLK ST STE 120, LOWELL, MA 01854-3636
- Principal officer (990 for 2024)
- KARA DOYLE, 660 SUFFOLK ST NO 120, LOWELL, MA 01854
- Signed the 990
- KARA DOYLE, TREASURER
- Phone
- (978) 459-9899
- Website
- WWW.LDFC.ORG
- Return prepared by
- ANSTISS & CO PC
Mission
TO PROMOTE LOWELL'S ECONOMIC REVITALIZATION BY PROVIDING SECONDARY FINANCING FOR THE REHABILITATION AND ACQUISITION OF PROPERTIES IN LOWELL.
Program accomplishments
- PROGRAM SERVICE ACTIVITY INVOLVES THE LENDING OF MONEY (SECURED BY MORTGAGE NOTES) AT BELOW MARKET RATES OF INTEREST FOR COMMERCIAL AND RESIDENTIAL BUILDINGS.Expenses $334,863 · revenue $138,832
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2603693
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1977
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S310)
- Assets (IRS master file)
- $7,573,338
- Income (IRS master file)
- $430,563
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $430,563 | $1,079,678 | $7,573,338 | XML |
| 990 | June 2024 | $458,536 | $500,786 | $8,518,936 | XML |
| 990 | June 2023 | $501,210 | $425,006 | $7,130,282 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2603693).
Questions about LOWELL DEVELOPMENT AND FINANCIAL CORPORATION
- What is the EIN of LOWELL DEVELOPMENT AND FINANCIAL CORPORATION?
- The employer identification number (EIN) of LOWELL DEVELOPMENT AND FINANCIAL CORPORATION is 04-2603693.
- Is LOWELL DEVELOPMENT AND FINANCIAL CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to LOWELL DEVELOPMENT AND FINANCIAL CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOWELL DEVELOPMENT AND FINANCIAL CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LOWELL DEVELOPMENT AND FINANCIAL CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOWELL DEVELOPMENT AND FINANCIAL CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LOWELL DEVELOPMENT AND FINANCIAL CORPORATION?
- The 990 for the year ended June 30, 2025 names KARA DOYLE.
- Who are the officers and directors of LOWELL DEVELOPMENT AND FINANCIAL CORPORATION?
- The 990 for the year ended June 30, 2025 lists 36 people; 1 received compensation from the organization, the highest $137,787 (ALLISON LAMEY, EXECUTIVE DI).
- How much revenue does LOWELL DEVELOPMENT AND FINANCIAL CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $430,563, expenses of $1,079,678 and total assets of $7,573,338 at year end.
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- COMMUNITY BUILDING GROUP INC EIN 33-1682044 · last filed 990-N for 2025
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All nonprofits in LOWELL · Massachusetts · Community improvement and capacity building