Nonprofit · EIN 04-3571892
NECTAR COMMUNITY INVESTMENTS INC
Tax-exempt · LOWELL, MA 01854
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,745,373 | $5,899,985 | $845,388 | $24,176,225 | $14,044,660 | $10,131,565 |
| December 31, 2023 | 990 | $6,574,062 | $5,652,803 | $921,259 | $20,012,349 | $10,726,172 | $9,286,177 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,080,382
- of which government grants
- $938,253
- Program service revenue
- $1,135,908
- Investment income
- $237,048
- Other revenue
- $292,035
Expenses
- Grants and similar amounts paid
- $584,650
- Compensation of officers, directors and key employees
- $382,894
- Other salaries and wages
- $1,203,746
- Salaries, compensation and benefits (total)
- $1,865,571
- Professional fundraising fees
- $0
- Legal fees
- $172,339
- Accounting fees
- $277,082
- Occupancy
- $42,811
- Travel
- $19,918
- Program services (functional)
- $4,463,396
- Management and general (functional)
- $1,436,589
Balance sheet and other
- Total assets, start of year
- $20,012,349
- Total assets, end of year
- $24,176,225
- Total liabilities, end of year
- $14,044,660
- Net assets, end of year
- $10,131,565
- Net assets without donor restrictions
- $8,169,347
- Net assets with donor restrictions
- $1,962,218
- Gross receipts
- $6,745,373
- Employees
- 17
- Volunteers
- 10
- Year formed
- 2001
- 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 |
|---|---|---|---|---|
| GLYNN LLOYD | EXECUTIVE DIRECTOR Officer | 40 | $214,120 | $15,855 |
| DAN PLOWDEN | CFO Officer | 40 | $150,669 | $2,550 |
| ALEXANDRA NOVA | COO Highest-paid employee | 40 | $143,064 | $5,817 |
| LISSETTE PAUKERT | RESIDENTIAL SERVICES DIRECTOR Highest-paid employee | 40 | $100,091 | $28,064 |
| AARON LACKMAN | COMMERCIAL LENDING Highest-paid employee | 40 | $112,038 | $12,695 |
| ABBOTT LAWRENCE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| ABEL VARGAS | CLERK Trustee or director, Officer | 5 | $0 | $0 |
| ARLEEN ZORRILA | OUTGOING DIRECTOR Trustee or director | 5 | $0 | $0 |
| DANIEL RIVERA | DIRECTOR Trustee or director | 5 | $0 | $0 |
| KRISTEN HAROL | OUTGOING DIRECTOR Trustee or director | 5 | $0 | $0 |
| LISA KOZOL | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| LISA TORISSI | OUTGOING DIRECTOR Trustee or director | 5 | $0 | $0 |
| MALIA LAZU | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| MATTHEW HANSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MICHELE WITTS | DIRECTOR Trustee or director | 5 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NANCY STAGER | DIRECTOR Trustee or director | 5 | $0 |
| ORLANDO WATKINS | DIRECTOR Trustee or director | 5 | $0 |
| QUINCY MILLER | DIRECTOR Trustee or director | 5 | $0 |
| YUN-JU CHOI | OUTGOING DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GLYNN LLOYD | EXECUTIVE DI Officer | 40 | $215,449 | $12,814 |
| ALEXANDRA NOVA | SR DIR STRAT Highest-paid employee | 40 | $122,280 | $3,467 |
| AARON LACKMAN | COMMERCIAL L Highest-paid employee | 40 | $102,829 | $9,695 |
| MALIA LAZU | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| YUN-JU CHOI | VICE PRESIDE Trustee or director, Officer | 5 | $0 | $0 |
| ABEL VARGAS | CLERK Trustee or director, Officer | 5 | $0 | $0 |
| KRISTEN HAROL | ASSISTANT CL Trustee or director, Officer | 5 | $0 | $0 |
| LISA KOZOL | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| LISA TORISSI | DIRECTOR Trustee or director | 5 | $0 | $0 |
| ABBOTT LAWRENCE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| NANCY STAGER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MICHELE WITTS | DIRECTOR Trustee or director | 5 | $0 | $0 |
| ARLEEN ZORRILA | DIRECTOR Trustee or director | 5 | $0 | $0 |
| ORLANDO WATKINS | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MATTHEW HANSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| QUINCY MILLER | DIRECTOR Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 450 MERRIMACK ST, LOWELL, MA 01854-3907
- Principal officer (990 for 2024)
- GLYNN LLOYD, 50 ISLAND STREET SUITE 103, LAWRENCE, MA 01840
- Signed the 990
- GLYNN LLOYD, EXECUTIVE DIRECTOR
- Phone
- (978) 258-2772
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
GROW THE ASSETS AND WEALTH OF HISTORICALLY DISINVESTED INDIVIDUALS AND THEIR COMMUNITIES BY PROVIDING A COMBINATION OF ROBUST ADVICE, RESOURCED NETWORKS AND CAPITAL IN THE MERRIMACK VALLEY AND ACROSS MASSACHUSETTS.
Program accomplishments
- THE ORGANIZATION PROVIDES BOTH CAPITAL AND ADVISORY SERVICES TO ENABLE UNDERSERVED BUSINESS OWNERS TO REACH THEIR FULL POTENTIAL AND BUILD WEALTH FOR THE OWNERS, FAMILIES, AND COMMUNITIES. THE ORGANIZATION OFFERS A RANGE OF LOW-COST, FLEXIBLE SMALL BUSINESS DEBT AND EQUITY CAPITAL PRODUCTS WITH TRAINING AND TECHNICAL ASSISTANCE THAT ADDRESS KEY FINANCING CHALLENGES.Expenses $2,173,270 · grants $584,650 · revenue $997,963
- THE ORGANIZATION'S RESIDENTIAL LENDING PROGRAMS HELP HOMEOWNERS IMPROVE THE HEALTH AND QUALITY OF THEIR HOMES THROUGH A SUSTAINABLE LENS. LENDING PRODUCTS OFFERED ASSIST HOMEOWNERS WITH REPAIRS, LEAD REMOVAL, AND ENERGY-EFFICIENT UPGRADES NEEDED TO HELP TRANSITION THEIR HOMES TO CLEAN ENERGY.Expenses $1,615,177 · revenue $429,980
- THE ORGANIZATION OPERATES THE BUSINESS EQUITY INITIATIVE (BEI) PROGRAM, WHICH PROVIDES BLACK AND LATINX BUSINESS OWNERS WITH QUALITY HIGH TOUCH ADVISORY SERVICES DEVELOPING BUSINESS OWNERS WITH A TRACK RECORD AND GROWTH TRAJECTORY POTENTIAL.Expenses $674,949
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
- 04-3571892
- 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
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $24,176,225
- Income (IRS master file)
- $6,745,373
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,745,373 | $5,899,985 | $24,176,225 | XML |
| 990 | December 2023 | $6,574,062 | $5,652,803 | $20,012,349 | XML |
| 990 | December 2022 | $8,158,806 | $3,434,867 | $14,450,665 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 04-3571892).
Questions about NECTAR COMMUNITY INVESTMENTS INC
- What is the EIN of NECTAR COMMUNITY INVESTMENTS INC?
- The employer identification number (EIN) of NECTAR COMMUNITY INVESTMENTS INC is 04-3571892.
- Is NECTAR COMMUNITY INVESTMENTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to NECTAR COMMUNITY INVESTMENTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NECTAR COMMUNITY INVESTMENTS INC 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 NECTAR COMMUNITY INVESTMENTS INC 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 NECTAR COMMUNITY INVESTMENTS INC 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 NECTAR COMMUNITY INVESTMENTS INC?
- The 990 for the year ended December 31, 2024 names GLYNN LLOYD.
- Who are the officers and directors of NECTAR COMMUNITY INVESTMENTS INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 5 received compensation from the organization, the highest $214,120 (GLYNN LLOYD, EXECUTIVE DIRECTOR).
- How much revenue does NECTAR COMMUNITY INVESTMENTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,745,373, expenses of $5,899,985 and total assets of $24,176,225 at year end.
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