Nonprofit · EIN 23-7383044
GLOUCESTER DEVELOPMENT TEAM INC
Tax-exempt · GLOUCESTER, MA 01930
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $408,198 | $185,113 | $223,085 | $8,865,626 | $5,000 | $8,860,626 |
| December 31, 2024 | 990 | $382,755 | $76,194 | $306,561 | $8,642,541 | $5,000 | $8,637,541 |
| December 31, 2023 | 990 | $373,144 | $1,225,046 | -$851,902 | $8,357,340 | $26,360 | $8,330,980 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $16,016
- Investment income
- $392,182
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,700
- Program services (functional)
- $181,248
- Management and general (functional)
- $3,865
Balance sheet and other
- Total assets, start of year
- $8,642,541
- Total assets, end of year
- $8,865,626
- Total liabilities, end of year
- $5,000
- Net assets, end of year
- $8,860,626
- Net assets without donor restrictions
- $8,860,626
- Gross receipts
- $408,198
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1974
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASTRIDA M CUTTER | TREASURER/DIRECTOR Trustee or director, Officer | 1 | $0 |
| R KIRK NOYES | DIRECTOR Trustee or director, Highest-paid employee | 1 | $0 |
| MARC N SANDLER | PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASTRIDA M CUTTER | TREASURER/DIRECTOR Trustee or director, Officer | 1 | $0 |
| R KIRK NOYES | DIRECTOR Trustee or director, Highest-paid employee | 1 | $0 |
| MARC N SANDLER | PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASTRIDA M CUTTER | TREASURER/DIRECTOR Trustee or director, Officer | 1 | $0 |
| R KIRK NOYES | DIRECTOR Trustee or director, Highest-paid employee | 1 | $0 |
| MARC N SANDLER | PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1 WOODBURY ST, GLOUCESTER, MA 01930-1037
- In care of
- % DONNA SAUNDERS
- Principal officer (990 for 2025)
- RICHARD K NOYES, WOODBURY STREET, GLOUCESTER, MA 01930
- Signed the 990
- RICHARD K NOYES, DIRECTOR
- Phone
- (978) 283-1212
- Return prepared by
- Brian N Wall CPA PC
Mission
DEVELOPMENT OF LOW INCOME HOUSING
Program accomplishments
- SPONSORED DEVELOPMENT OF INNER CITY BUILDING REHABILITATIONExpenses $181,248 · revenue $16,016
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 | 990 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
- 23-7383044
- 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
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $8,865,626
- Income (IRS master file)
- $408,198
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $408,198 | $185,113 | $8,865,626 | XML |
| 990 | December 2024 | $382,755 | $76,194 | $8,642,541 | XML |
| 990 | December 2023 | $373,144 | $1,225,046 | $8,357,340 | XML |
| 990 | December 2022 | $367,715 | $37,244 | $9,206,882 | IRS |
| 990 | December 2021 | $370,428 | $20,470 | $8,913,201 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 23-7383044).
Questions about GLOUCESTER DEVELOPMENT TEAM INC
- What is the EIN of GLOUCESTER DEVELOPMENT TEAM INC?
- The employer identification number (EIN) of GLOUCESTER DEVELOPMENT TEAM INC is 23-7383044.
- Is GLOUCESTER DEVELOPMENT TEAM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to GLOUCESTER DEVELOPMENT TEAM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GLOUCESTER DEVELOPMENT TEAM 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 GLOUCESTER DEVELOPMENT TEAM INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GLOUCESTER DEVELOPMENT TEAM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of GLOUCESTER DEVELOPMENT TEAM INC?
- The 990 for the year ended December 31, 2025 names RICHARD K NOYES.
- Who are the officers and directors of GLOUCESTER DEVELOPMENT TEAM INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does GLOUCESTER DEVELOPMENT TEAM INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $408,198, expenses of $185,113 and total assets of $8,865,626 at year end.
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