Nonprofit · EIN 04-3370097
QUABOAG VALLEY COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · WARE, MA 01082
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $864,729 | $1,151,019 | -$286,290 | $2,144,225 | $518,880 | $1,625,345 |
| June 30, 2024 | 990 | $1,278,139 | $1,089,997 | $188,142 | $2,354,270 | $451,932 | $1,902,338 |
| June 30, 2023 | 990 | $1,164,424 | $1,182,118 | -$17,694 | $2,176,851 | $515,455 | $1,661,396 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $726,004
- of which government grants
- $106,750
- Membership dues
- $320
- Program service revenue
- $114,093
- Investment income
- $24,632
- Net gain from sales of assets
- $588
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $61,407
- Other salaries and wages
- $470,541
- Salaries, compensation and benefits (total)
- $604,507
- Professional fundraising fees
- $0
- Accounting fees
- $7,027
- Occupancy
- $42,177
- Travel
- $7,778
- Depreciation
- $33,429
- Program services (functional)
- $1,006,531
- Management and general (functional)
- $120,017
- Fundraising (functional)
- $24,471
Balance sheet and other
- Total assets, start of year
- $2,354,270
- Total assets, end of year
- $2,144,225
- Total liabilities, end of year
- $518,880
- Net assets, end of year
- $1,625,345
- Land, buildings and equipment
- $791,691
- Publicly traded securities
- $581,176
- Net assets without donor restrictions
- $1,586,483
- Net assets with donor restrictions
- $38,862
- Gross receipts
- $886,141
- Employees
- 22
- Volunteers
- 43
- Year formed
- 1997
- 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 |
|---|---|---|---|---|
| MELISSA FALES | EXECUTIVE DI Trustee or director | 40 | $61,407 | $5,950 |
| ROBERT BOTTOMLEY | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ALICE DAVEY | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 |
| DEBRA CHRISTENSEN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RONALD CHRISTENSEN | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| ELIZABETH GITTENS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERNEST GOUDREAU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROLYN HALEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHARON MELI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GLENN MERKEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MELISSA FALES | EXECUTIVE DI Trustee or director | 40 | $58,854 |
| VINCENT MCCAUGHEY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ROBERT BOTTOMLEY | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| DEBRA CHRISTENSEN | TREASURER Trustee or director, Officer | 1 | $0 |
| RONALD CHRISTENSEN | CLERK Trustee or director, Officer | 1 | $0 |
| ALICE DAVEY | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD EGAN II | DIRECTOR Trustee or director | 1 | $0 |
| ERNEST GOUDREAU | DIRECTOR Trustee or director | 1 | $0 |
| CAROLYN HALEY | DIRECTOR Trustee or director | 1 | $0 |
| SHARON MELI | DIRECTOR Trustee or director | 1 | $0 |
| GLENN MERKEL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHEILA CUDDY | EXECUTIVE DI Former | 40 | $90,827 |
| MELISSA FALES | EXECUTIVE DI Trustee or director | 36 | $61,014 |
| VINCENT MCCAUGHEY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ROBERT BOTTOMLEY | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| DEBRA CHRISTENSEN | TREASURER Trustee or director, Officer | 1 | $0 |
| RONALD CHRISTENSEN | CLERK Trustee or director, Officer | 1 | $0 |
| ALICE DAVEY | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD EGAN II | DIRECTOR Trustee or director | 1 | $0 |
| ERNEST GOUDREAU | DIRECTOR Trustee or director | 1 | $0 |
| CAROLYN HALEY | DIRECTOR Trustee or director | 1 | $0 |
| SHARON MELI | DIRECTOR Trustee or director | 1 | $0 |
| GLENN MERKEL | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 23 WEST MAIN ST, WARE, MA 01082-1359
- In care of
- % LORI CRANE
- Principal officer (990 for 2024)
- ROBERT BOTTOMLEY, 23 WEST MAIN ST SUITE 1, WARE, MA 01082
- Signed the 990
- MELISSA FALES, EXECUTIVE DIRECTOR
- Phone
- (413) 967-3001
- Website
- WWW.QVCDC.ORG
- Return prepared by
- BURKHART PIZZANELLI PC
Mission
ECONOMIC IMPROVEMENT OF THE QUABOAG VALLEY IN MASSACHUSETTS
Program accomplishments
- TO PROVIDE SUPPORT TO BUSINESSES LOCATED IN THE QUABOAG REGION AND SUPPORT FOR THE SMALL BUSINESS LOAN PROGRAM OF QUABOAG VALLEY BUSINESS ASSISTANCE PROGRAM BY INVESTING CAPITAL IN SMALL BUSINESSES THAT ARE UNABLE TO OBTAIN CAPITAL THROUGH CONVENTIONAL MEANS. IN ADDITION, WE ENGAGE IN COMMUNITY ECONOMIC DEVELOPMENT ACTIVITIES THAT BENEFIT LOW INCOME UNDERSERVED RESIDENTS WITH A GOAL OF REDUCING UNEMPLOYMENT, REDUCING UNDEREMPLOYMENT AND PROVIDING JOB TRAINING AND EDUCATION.Expenses $1,006,531 · revenue $114,093
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
- 04-3370097
- 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
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J20)
- Assets (IRS master file)
- $2,144,225
- Income (IRS master file)
- $886,141
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $864,729 | $1,151,019 | $2,144,225 | IRS |
| 990 | June 2024 | $1,278,139 | $1,089,997 | $2,354,270 | IRS |
| 990 | June 2023 | $1,164,424 | $1,182,118 | $2,176,851 | XML |
| 990 | June 2022 | $1,035,215 | $1,014,954 | $2,164,423 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 04-3370097).
Questions about QUABOAG VALLEY COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of QUABOAG VALLEY COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of QUABOAG VALLEY COMMUNITY DEVELOPMENT CORPORATION is 04-3370097.
- Is QUABOAG VALLEY COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to QUABOAG VALLEY COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does QUABOAG VALLEY 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 QUABOAG VALLEY COMMUNITY DEVELOPMENT 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 QUABOAG VALLEY COMMUNITY DEVELOPMENT 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 QUABOAG VALLEY COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names ROBERT BOTTOMLEY.
- Who are the officers and directors of QUABOAG VALLEY COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $61,407 (MELISSA FALES, EXECUTIVE DI).
- How much revenue does QUABOAG VALLEY COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $864,729, expenses of $1,151,019 and total assets of $2,144,225 at year end.
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