Nonprofit · EIN 45-3951613
TAUNTON DEVELOPMENT MASSDEVELOPMENT CORPORATION
Tax-exempt · BOSTON, MA 02110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,350 | $2,563,831 | -$2,554,481 | $10,390,906 | $2,419,297 | $7,971,609 |
| June 30, 2024 | 990 | $1,085,944 | $93,400 | $992,544 | $10,543,854 | $17,764 | $10,526,090 |
| June 30, 2023 | 990 | -$91,547 | $155,712 | -$247,259 | $9,624,072 | $90,526 | $9,533,546 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $9,350
Expenses
- Grants and similar amounts paid
- $2,300,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $2,518,388
- Management and general (functional)
- $45,443
Balance sheet and other
- Total assets, start of year
- $10,543,854
- Total assets, end of year
- $10,390,906
- Total liabilities, end of year
- $2,419,297
- Net assets, end of year
- $7,971,609
- Land, buildings and equipment
- $1,907,505
- Net assets without donor restrictions
- $7,971,609
- Gross receipts
- $9,350
- Employees
- 0
- Volunteers
- 8
- Year formed
- 2011
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SIMON GERLIN | DIRECTOR/TREASURER Trustee or director, Officer | 1 | $0 | $240,080 | $77,472 |
| SEAN CALNAN | DIRECTOR/CLERK Trustee or director, Officer | 1 | $0 | $210,481 | $69,685 |
| GARY WALKER | INTERIM EVP OF REAL ESTATE (AS OF 11/24) Trustee or director, Officer | 1 | $0 | $196,755 | $48,756 |
| VERILYN MIKE MITCHELL | DIRECTOR/ASISTANT CLERK Trustee or director, Officer | 1 | $0 | $144,522 | $44,429 |
| DANIEL DAROSA | DIRECTOR/VP Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL MILLER | DIRECTOR/VP Trustee or director | 1 | $0 | $0 | $0 |
| LOUIS RICCIARDI | DIRECTOR/VP Trustee or director | 1 | $0 | $0 | $0 |
| VICTOR SANTOS | DIRECTOR/VP Trustee or director | 1 | $0 | $0 | $0 |
| DANIEL RIVERA | PRESIDENT/CEO (THRU 10/2024) Officer | 1 | $0 | $0 | $0 |
| NAVJEET BAL | PRESIDENT/CEO (AS OF 12/2024) Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SIMON GERLIN | DIRECTOR/TREASURER Trustee or director, Officer | 1 | $0 | $232,837 | $65,473 |
| DANIEL RIVERA | PRESIDENT/CEO Officer | 1 | $0 | $227,407 | $48,258 |
| TANIA HARTFORD | DIRECTOR/PRESIDENT-THRU 5/2024 Trustee or director, Officer | 1 | $0 | $223,686 | $50,285 |
| SEAN CALNAN | CLERK / DIRECTOR Trustee or director, Officer | 1 | $0 | $190,618 | $59,547 |
| AMANDA WALL | DEPUTY GENERAL COUNSEL Highest-paid employee | 1 | $0 | $170,271 | $26,819 |
| MIKE MITCHELL | ASISTANT CLERK Trustee or director, Officer | 1 | $0 | $133,183 | $24,748 |
| DANIEL DAROSA | DIRECTOR/VP Trustee or director | 12 | $0 | $0 | $0 |
| MICHAEL MILLER | DIRECTOR/VP Trustee or director | 12 | $0 | $0 | $0 |
| LOUIS RICCIARDI | DIRECTOR/VP Trustee or director | 12 | $0 | $0 | $0 |
| VICTOR SANTOS | DIRECTOR/VP Trustee or director | 12 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SIMON R GERLIN | DIRECTOR/TREASURER Trustee or director, Officer | 2.5 | $0 | $231,643 | $59,656 |
| TANIA HARTFORD | DIRECTOR/PRESIDENT Trustee or director, Officer | 2.5 | $0 | $221,890 | $32,261 |
| JAY PATEAKOS | DIRECTOR (TRHU 06/2023) Trustee or director | 2.5 | $0 | $86,812 | $37,489 |
| DANIEL DAROSA | DIRECTOR/VP Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| MICHAEL MILLER | DIRECTOR/VP Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| LOUIS RICCIARDI | DIRECTOR/VP Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| VICTOR SANTOS | DIRECTOR/VP Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 99 HIGH STREET 11TH FLOOR, BOSTON, MA 02110-2320
- In care of
- % TERESA M PATTEN
- Principal officer (990 for 2024)
- GARY WALKER, 99 HIGH STREET 11TH FLOOR, BOSTON, MA 02110
- Signed the 990
- SIMON R GERLIN, TREASURER
- Phone
- (617) 330-2000
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE PRINCIPLE CHARITABLE PURPOSE OF TAUNTON DEVELOPMENT/MASSDEVELOPMENT CORPORATION ("THE CORPORATION") IS TO PROMOTE ECONOMIC DEVELOPMENT AND TO LESSEN THE BURDENS OF GOVERNMENT BY REDEVELOPING LAND THAT WAS PART OF THE FORMER PAUL A. DEVER SCHOOL.
Program accomplishments
- TAUNTON DEVELOPMENT/MASSDEVELOPMENT CORPORATION WAS FORMED TO OWN AND REDEVELOP THE FORMER DEVER STATE SCHOOL CORE CAMPUS IN TAUNTON, MA. THE PORPERTY CONSISTS OF APPROXIMATELY 220 ACRES WITH APPROXIMATELY 40 DILAPIDATED BUILDINGS AND UNDERGROUND TUNNELS. REDEVELOPMENT WORK ON THE PROPERTY BEGAN IN FISCAL YEAR 2012. REDEVELOPMENT CONSISTS OF BUILDING ROADS AND UTILILTIES INFRASTRUCTURE, OBTAINING PERMITS, AND SELLING DEVELOPMENT-READY PARCELS OF LAND TO COMPANIES AND OTHERS TO GENERATE JOB CREATION AND JOB TRAINING/SKILLS DEVELOPMENT.Expenses $2,518,388 · grants $2,300,000
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 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
- 45-3951613
- 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
- 2013
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $10,390,906
- Income (IRS master file)
- $9,350
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,350 | $2,563,831 | $10,390,906 | IRS |
| 990 | June 2024 | $1,085,944 | $93,400 | $10,543,854 | IRS |
| 990 | June 2023 | -$91,547 | $155,712 | $9,624,072 | XML |
| 990 | June 2022 | $536,029 | $318,030 | $10,030,018 | 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 45-3951613).
Questions about TAUNTON DEVELOPMENT MASSDEVELOPMENT CORPORATION
- What is the EIN of TAUNTON DEVELOPMENT MASSDEVELOPMENT CORPORATION?
- The employer identification number (EIN) of TAUNTON DEVELOPMENT MASSDEVELOPMENT CORPORATION is 45-3951613.
- Is TAUNTON DEVELOPMENT MASSDEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to TAUNTON DEVELOPMENT MASSDEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TAUNTON DEVELOPMENT MASSDEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of TAUNTON DEVELOPMENT MASSDEVELOPMENT 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 TAUNTON DEVELOPMENT MASSDEVELOPMENT 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 TAUNTON DEVELOPMENT MASSDEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names GARY WALKER.
- Who are the officers and directors of TAUNTON DEVELOPMENT MASSDEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does TAUNTON DEVELOPMENT MASSDEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,350, expenses of $2,563,831 and total assets of $10,390,906 at year end.
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