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Nonprofit · EIN 04-3282997

RESIDENTS FIRST DEVELOPMENT CORP

Tax-exempt · BEVERLY, MA 01915

Financials

$1$2K2023$1$2K2024$1$2K2025
Revenue Expenses · by fiscal year end
Financials of RESIDENTS FIRST DEVELOPMENT CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2026990-EZ$1$1,715-$1,714$489,294$914,026-$424,732
May 31, 2025990-EZ$1$1,898-$1,897$491,008$914,026-$423,018
May 31, 2024990-EZ$1$1,628-$1,627$492,905$914,026-$421,121
Financial details: 990-EZ for the year ended May 31, 2026

Revenue

Investment income
$1

Expenses

Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$800
Occupancy
$829
Printing, publications and postage
$3
Other expenses
$83
Program services (functional)
$1,715

Balance sheet and other

Total assets, start of year
$491,008
Total assets, end of year
$489,294
Total liabilities, end of year
$914,026
Net assets, end of year
-$424,732
Cash, savings and investments
$10,842
Land and buildings
$478,452
Gross receipts
$1

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-EZ for the year ended May 31, 2026, highest compensation first.

NameTitleHours / weekCompensation
DIANE SILVAPRESTREAS10$0
STEVEN C PANAGIOTAKOSDIRECTOR1$0
JANET C MEEHANDIRECTOR1$0
ROBERT R GILMANCLERKDIRECTOR1$0
BRUCE AKASHIANDIRECTOR1$0
990-EZ for the year ended May 31, 2025: 5 people
NameTitleHours / weekCompensation
DIANE SILVAPRESTREAS10$0
STEVEN C PANAGIOTAKOSDIRECTOR5$0
JANET C MEEHANDIRECTOR5$0
ROBERT R GILMANCLERKDIRECTOR1$0
BRUCE AKASHIANDIRECTOR1$0
990-EZ for the year ended May 31, 2024: 5 people
NameTitleHours / weekCompensation
DIANE SILVAPRESTREAS10$0
STEVEN C PANAGIOTAKOSDIRECTOR5$0
JANET C MEEHANDIRECTOR5$0
ROBERT R GILMANCLERKDIRECTOR1$0
BRUCE AKASHIANDIRECTOR1$0

Address and contacts

Address (IRS master file)
PO BOX 3300, BEVERLY, MA 01915-0895
In care of
% DIANE SILVA
Signed the 990-EZ
DIANE SILVA, PRES
Phone
(978) 423-5545
Return prepared by
MCKENZIE & FRAWLEY CPAS

Mission

CONSTRUCTION OF AFFORDABLE HOUSING

990-EZ for the year ended May 31, 2026

Program accomplishments

  • TO PROVIDE FUNDS FOR LOW, MODERATE AND MIDDLE INCOME INDIVIDUALS IN LOWELL, MASSACHUSETTS.
    Expenses $1,715

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026990-EZ on file
2024May 31, 2025October 15, 2025990-EZ on file
2023May 31, 2024October 15, 2024990-EZ on file

IRS record

EIN
04-3282997
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
1996
Accounting year ends
May
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$489,294
Income (IRS master file)
$1

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZMay 2026$1$1,715$489,294XML
990-EZMay 2025$1$1,898$491,008XML
990-EZMay 2024$1$1,628$492,905XML
990-EZMay 2023–––IRS
990-EZMay 2022–––IRS
990May 2021–––IRS
990May 2020–––IRS
990May 2019–––IRS
990May 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 04-3282997).

Questions about RESIDENTS FIRST DEVELOPMENT CORP

What is the EIN of RESIDENTS FIRST DEVELOPMENT CORP?
The employer identification number (EIN) of RESIDENTS FIRST DEVELOPMENT CORP is 04-3282997.
Is RESIDENTS FIRST DEVELOPMENT CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to RESIDENTS FIRST DEVELOPMENT CORP tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RESIDENTS FIRST DEVELOPMENT CORP file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of RESIDENTS FIRST DEVELOPMENT CORP due?
The return for tax year 2026 (the year ending May 31, 2027) is due October 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RESIDENTS FIRST DEVELOPMENT CORP last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended May 2026.
Who are the officers and directors of RESIDENTS FIRST DEVELOPMENT CORP?
The 990-EZ for the year ended May 31, 2026 lists 5 people; 0 received compensation from the organization.
How much revenue does RESIDENTS FIRST DEVELOPMENT CORP have?
On its 990-EZ for the year ended May 31, 2026 it reported revenue of $1, expenses of $1,715 and total assets of $489,294 at year end.

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