Nonprofit · EIN 04-2966372
NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP
Tax-exempt · FITCHBURG, MA 01420
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $675,962 | $681,228 | -$5,266 | $6,620,194 | $498,606 | $6,121,588 |
| September 30, 2024 | 990 | $1,183,997 | $1,085,539 | $98,458 | $6,778,854 | $652,000 | $6,126,854 |
| September 30, 2023 | 990 | $1,614,235 | $1,247,983 | $366,252 | $6,873,771 | $845,375 | $6,028,396 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $367,537
- of which government grants
- $348,045
- Program service revenue
- $213,568
- Investment income
- $94,857
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $331,539
- Salaries, compensation and benefits (total)
- $375,932
- Professional fundraising fees
- $0
- Legal fees
- $4,302
- Accounting fees
- $28,000
- Occupancy
- $42,000
- Travel
- $8,143
- Depreciation
- $989
- Program services (functional)
- $425,038
- Management and general (functional)
- $256,190
Balance sheet and other
- Total assets, start of year
- $6,778,854
- Total assets, end of year
- $6,620,194
- Total liabilities, end of year
- $498,606
- Net assets, end of year
- $6,121,588
- Net assets without donor restrictions
- $5,184,246
- Net assets with donor restrictions
- $937,342
- Gross receipts
- $675,962
- Employees
- 0
- Volunteers
- 0
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ROY NASCIMENTO | PRESIDENT, TREASURER Trustee or director, Officer | 18 | $0 | $228,848 |
| RAYMOND MARTINO | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| KAREN THORNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID DUVAL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANTHONY MERCADANTE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAYMOND LAFOND | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| JAY CHAMPION | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK FREEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTINA DIRUSSO | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ROY NASCIMENTO | PRESIDENT, TREASURER Trustee or director, Officer | 18 | $0 | $218,226 |
| RAYMOND MARTINO | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| KAREN THORNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID DUVAL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANTHONY MERCADANTE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAYMOND LAFOND | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| TREVOR BEAUREGARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK FREEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTINA DIRUSSO | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ROY NASCIMENTO | PRESIDENT, TREASURER Trustee or director, Officer | 18 | $0 | $206,999 |
| RAYMOND MARTINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN THORNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID DUVAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTHONY MERCADANTE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAYMOND LAFOND | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| TREVOR BEAUREGARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK FREEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTINA DIRUSSO | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 860 SOUTH ST, FITCHBURG, MA 01420-6903
- Principal officer (990 for 2024)
- ROY NASCIMENTO, 860 SOUTH STREET, FITCHBURG, MA 01420
- Signed the 990
- ROY NASCIMENTO, PRESIDENT
- Phone
- (978) 353-7600
- Website
- CHOOSENORTHCENTRAL.COM
- Return prepared by
- DANIEL DENNIS AND COMPANY LLP
Mission
TO EXPAND ECONOMIC DEVELOPMENT IN NORTH CENTRAL MASSACHUSETTS BY PROVIDING A VARIETY OF MARKETING AND LENDING OPPORTUNITIES TO SMALL BUSINESSES IN COOPERATION WITH VARIOUS FEDERAL AND STATE AGENCIES.
Program accomplishments
- TO EXPAND ECONOMIC DEVELOPMENT IN NORTH CENTRAL MASSACHUSETTS BY PROVIDING ALTERNATIVE LENDING OPPORTUNITIES TO SMALL BUSINESSES.Expenses $278,051 · revenue $213,568
- TO EXPAND ECONOMIC DEVELOPMENT FOR BUSINESSES IN NORTH CENTRAL MASSACHUSETTS THROUGH MARKETING, NEWSLETTERS, WEBSITES AND MAILING LISTS.Expenses $146,987
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 04-2966372
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,620,194
- Income (IRS master file)
- $675,962
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $675,962 | $681,228 | $6,620,194 | IRS |
| 990 | September 2024 | $1,183,997 | $1,085,539 | $6,778,854 | XML |
| 990 | September 2023 | $1,614,235 | $1,247,983 | $6,873,771 | XML |
| 990 | September 2022 | $2,376,134 | $1,292,443 | $7,059,159 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP
- What is the EIN of NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP?
- The employer identification number (EIN) of NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP is 04-2966372.
- Is NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTH CENTRAL MASSACHUSETTS 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 NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP?
- The 990 for the year ended September 30, 2025 names ROY NASCIMENTO.
- Who are the officers and directors of NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP?
- The 990 for the year ended September 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $675,962, expenses of $681,228 and total assets of $6,620,194 at year end.
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