Nonprofit · EIN 04-2704682
CHARLESTOWN ECONOMIC DEVELOPMENT CORP
Tax-exempt · CHARLESTOWN, MA 02129
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,305,354 | $1,023,702 | $281,652 | $5,160,409 | $4,204,132 | $956,277 |
| December 31, 2023 | 990 | $1,228,185 | $1,079,147 | $149,038 | $4,947,301 | $4,272,676 | $674,625 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $987,082
- of which government grants
- $987,082
- Program service revenue
- $246,992
- Investment income
- $68,628
- Other revenue
- $2,652
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $368
- Accounting fees
- $20,071
- Occupancy
- $615,138
- Depreciation
- $130,968
Balance sheet and other
- Total assets, start of year
- $4,947,301
- Total assets, end of year
- $5,160,409
- Total liabilities, end of year
- $4,204,132
- Net assets, end of year
- $956,277
- Land, buildings and equipment
- $3,105,397
- Net assets without donor restrictions
- $956,277
- Gross receipts
- $1,305,354
- Employees
- 0
- Volunteers
- 4
- Year formed
- 1976
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS CUNHA | PRESIDENT/DIRECTOR Trustee or director, Officer | 2 | $0 |
| EILEEN WARD | CLERK Trustee or director, Officer | 2 | $0 |
| ERIC T PHILLIPI | TREASURER Trustee or director, Officer | 2 | $0 |
| KEVIN ROCHE | OFFICER Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS CUNHA | PRESIDENT/DIRECTOR Trustee or director, Officer | 2 | $0 |
| EILEEN WARD | CLERK Trustee or director, Officer | 2 | $0 |
| ERIC T PHILLIPI | TREASURER Trustee or director, Officer | 2 | $0 |
| KEVIN ROCHE | OFFICER Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 20 DEVENS STREET, CHARLESTOWN, MA 02129-3725
- Principal officer (990 for 2024)
- THOMAS CUNHA, 20 DEVENS STREET, CHARLESTOWN, MA 02129
- Signed the 990
- THOMAS CUNHA, PRESIDENT
- Phone
- (617) 242-2600
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
TO PROVIDE HOUSING TO THE ELDERLY IN A 30 UNIT COMPLEX IN CHARLESTOWN, MA.
Program accomplishments
- TO PROVIDE HUD SUBSIDIZED HOUSING TO THE ELDERLY OF CHARLESTOWN, MA.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2704682
- 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
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22Z)
- Assets (IRS master file)
- $5,160,409
- Income (IRS master file)
- $1,305,354
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,305,354 | $1,023,702 | $5,160,409 | XML |
| 990 | December 2023 | $1,228,185 | $1,079,147 | $4,947,301 | XML |
| 990 | December 2022 | $1,156,515 | $991,246 | $4,861,998 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 04-2704682).
Questions about CHARLESTOWN ECONOMIC DEVELOPMENT CORP
- What is the EIN of CHARLESTOWN ECONOMIC DEVELOPMENT CORP?
- The employer identification number (EIN) of CHARLESTOWN ECONOMIC DEVELOPMENT CORP is 04-2704682.
- Is CHARLESTOWN ECONOMIC DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to CHARLESTOWN ECONOMIC DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHARLESTOWN ECONOMIC DEVELOPMENT CORP 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 CHARLESTOWN ECONOMIC DEVELOPMENT CORP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHARLESTOWN ECONOMIC DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CHARLESTOWN ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 names THOMAS CUNHA.
- Who are the officers and directors of CHARLESTOWN ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does CHARLESTOWN ECONOMIC DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,305,354, expenses of $1,023,702 and total assets of $5,160,409 at year end.
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