Nonprofit · EIN 04-2921465
MAIN SOUTH COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · WORCESTER, MA 01610
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,135,537 | $3,486,460 | $1,649,077 | $18,046,522 | $11,597,899 | $6,448,623 |
| December 31, 2023 | 990 | $1,578,508 | $1,625,803 | -$47,295 | $15,549,435 | $10,749,889 | $4,799,546 |
| June 30, 2023 | 990 | $3,070,612 | $3,396,972 | -$326,360 | $15,279,032 | $10,432,191 | $4,846,841 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,993,813
- of which government grants
- $2,711,359
- Program service revenue
- $2,012,701
- Investment income
- $109,202
- Net gain from sales of assets
- $92,071
- Other revenue
- $19,821
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $153,926
- Other salaries and wages
- $716,988
- Salaries, compensation and benefits (total)
- $1,026,885
- Professional fundraising fees
- $0
- Legal fees
- $6,803
- Depreciation
- $394,702
- Program services (functional)
- $3,177,309
- Management and general (functional)
- $259,213
- Fundraising (functional)
- $49,938
Balance sheet and other
- Total assets, start of year
- $15,549,435
- Total assets, end of year
- $18,046,522
- Total liabilities, end of year
- $11,597,899
- Net assets, end of year
- $6,448,623
- Land, buildings and equipment
- $9,227,502
- Net assets without donor restrictions
- $3,215,627
- Net assets with donor restrictions
- $3,232,996
- Gross receipts
- $5,150,736
- Employees
- 15
- Volunteers
- 14
- Year formed
- 1986
- 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 | Other / benefits |
|---|---|---|---|---|
| J STEPHEN TEASDALE | EXECUTIVE DIRECTOR Officer | 37.5 | $139,734 | $12,140 |
| JENNIFER PLANTE | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| BRENDA JENKINS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LYNNEL REED | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BRANDYN BASCONES | CLERK Trustee or director, Officer | 0.5 | $0 | $0 |
| ISAAC MCBRIDE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| EDUARDO RIVAS | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| KATIA NORFORD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| FRED TAYLOR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DEBORAH SANCHEZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| J STEPHEN TEASDALE | EXECUTIVE DIRECTOR Officer | 37.5 | $129,037 | $11,357 |
| JENNIFER PLANTE | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| MARITZA CRUZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LYNNEL REED | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BRANDYN BASCONES | CLERK Trustee or director, Officer | 0.5 | $0 | $0 |
| SARAH BALASEA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| EDUARDO RIVAS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KATIA NORFORD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| FRED TAYLOR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DEBORAH SANCHEZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ISAAC MCBRIDE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| J STEPHEN TEASDALE | EXECUTIVE DIRECTOR Officer | 37.5 | $126,140 | $11,357 |
| JENNIFER PLANTE | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| MARITZA CRUZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LYNNEL REED | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BRANDYN BASCONES | CLERK Trustee or director, Officer | 0.5 | $0 | $0 |
| SARAH BALASEA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| EDUARDO RIVAS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KATIA NORFORD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| FRED TAYLOR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DEBORAH SANCHEZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ISAAC MCBRIDE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 875 MAIN ST, WORCESTER, MA 01610-5408
- In care of
- % CARMEN VALLE
- Principal officer (990 for 2024)
- J STEPHEN TEASDALE, 875 MAIN STREET, WORCESTER, MA 01610
- Signed the 990
- J STEPHEN TEASDALE, EXECUTIVE DIRECTOR
- Phone
- (508) 752-6181
- Website
- WWW.MAINSOUTHCDC.ORG
- Return prepared by
- DANIEL DENNIS & COMPANY LLP
Mission
TO PARTICIPATE IN THE PROMOTION AND DEVELOPMENT OF AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT IN THE MAIN SOUTH AREA OF WORCESTER, MASSACHUSETTS.
Program accomplishments
- MANAGEMENT OF AFFORDABLE HOUSING PREVIOUSLY ACQUIRED AND DEVELOPED.Expenses $2,842,416 · revenue $1,822,246
- ECONOMIC DEVELOPMENT AND REHABILITATION OF AFFORDABLE HOUSING IN THE MAIN SOUTH AREA OF WORCESTER, MA.Expenses $56,889 · revenue $190,455
- NEIGHBORHOOD REVITILIZATION AREA OF WORCESTER, MA.Expenses $278,004 · revenue $2,711,359
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
- 04-2921465
- 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
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $18,046,522
- Income (IRS master file)
- $5,150,736
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,135,537 | $3,486,460 | $18,046,522 | XML |
| 990 | December 2023 | $1,578,508 | $1,625,803 | $15,549,435 | XML |
| 990 | June 2023 | $3,070,612 | $3,396,972 | $15,279,032 | XML |
| 990 | June 2022 | $3,407,145 | $2,936,022 | $15,010,122 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 04-2921465).
Questions about MAIN SOUTH COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of MAIN SOUTH COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of MAIN SOUTH COMMUNITY DEVELOPMENT CORPORATION is 04-2921465.
- Is MAIN SOUTH COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to MAIN SOUTH COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAIN SOUTH COMMUNITY DEVELOPMENT 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 MAIN SOUTH COMMUNITY DEVELOPMENT CORPORATION 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 MAIN SOUTH COMMUNITY DEVELOPMENT CORPORATION 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 MAIN SOUTH COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names J STEPHEN TEASDALE.
- Who are the officers and directors of MAIN SOUTH COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $139,734 (J STEPHEN TEASDALE, EXECUTIVE DIRECTOR).
- How much revenue does MAIN SOUTH COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,135,537, expenses of $3,486,460 and total assets of $18,046,522 at year end.
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