Nonprofit · EIN 47-4900810
NEW AMERICANS COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt (reinstated) · WORCESTER, MA 01608
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $603,262 | $45,627 | $557,635 | $41,990 | $0 | $41,990 |
| June 30, 2024 | 990 | $165,506 | $53,857 | $111,649 | $60,367 | $231,558 | -$171,191 |
| June 30, 2023 | 990 | $37,548 | $226,468 | -$188,920 | $310,359 | $593,199 | -$282,840 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $602,679
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $583
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $2,130
- Depreciation
- $290
- Management and general (functional)
- $45,627
Balance sheet and other
- Total assets, start of year
- $60,367
- Total assets, end of year
- $41,990
- Total liabilities, end of year
- $0
- Net assets, end of year
- $41,990
- Land, buildings and equipment
- $37,187
- Net assets without donor restrictions
- $41,990
- Gross receipts
- $603,262
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2015
- 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 |
|---|---|---|---|---|---|
| DR JUAN A GOMEZ | PRESIDENT & CEO (THRU 02/25) Trustee or director, Officer | 2 | $0 | $128,654 | $24,327 |
| AUGUSTINA VELAZQUEZ | PRESIDENT & CEO (FROM 09/24) Officer | 2 | $0 | $119,616 | $26,412 |
| SAMUEL ROSARIO | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KRISTEN A KING | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ATTY GORDY DANILES | SECRETARY & CLERK (FROM 12/24) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GEORGE COX | DIRECTOR (THRU 12/24) Trustee or director | 1 | $0 | $0 | $0 |
| HECTOR GOMEZ | DIRECTOR (FROM 12/24) Trustee or director | 1 | $0 | $0 | $0 |
| FRANK KARTHEISER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| REV CLYDE TALLY | DIRECTOR (THRU 12/24) Trustee or director | 1 | $0 | $0 | $0 |
| JEFFREY TORRES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT THOMAS | PRESIDENT Trustee or director, Officer | 2 | $13,500 |
| GEORGE COX | DIRECTOR Trustee or director | 2 | $0 |
| JUAN GOMEZ | FORMER CHAIR Trustee or director | 2 | $0 |
| FRANK KARTHISER | DIRECTOR Trustee or director | 2 | $0 |
| KRISTEN KING | TREASURER Trustee or director, Officer | 2 | $0 |
| ROBERT LEVITE | DIRECTOR Trustee or director | 2 | $0 |
| TANIA ROMERO | DIRECTOR Trustee or director | 2 | $0 |
| SAMUEL ROSARIO | DIRECTOR Trustee or director | 2 | $0 |
| REV CLYDE TALLEY | CLERK Trustee or director, Officer | 2 | $0 |
| JEFFREY TORRES | DIRECTOR Trustee or director | 2 | $0 |
| AGUSTINA VELAZQUEZ | INTERIM CHAI Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT THOMAS | PRESIDENT Trustee or director, Officer | 2 | $30,141 |
| GEORGE COX | DIRECTOR Trustee or director | 2 | $0 |
| JUAN GOMEZ | CHAIRMAN Trustee or director | 2 | $0 |
| FRANK KARTHISER | DIRECTOR Trustee or director | 2 | $0 |
| KRISTEN KING | TREASURER Trustee or director, Officer | 2 | $0 |
| ROBERT LEVITE | DIRECTOR Trustee or director | 2 | $0 |
| TANIA ROMERO | DIRECTOR Trustee or director | 2 | $0 |
| SAMUEL ROSARIO | DIRECTOR Trustee or director | 2 | $0 |
| REV CLYDE TALLEY | CLERK Trustee or director, Officer | 2 | $0 |
| JEFFREY TORRES | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 11 SYCAMORE ST, WORCESTER, MA 01608-2213
- In care of
- % ROBERT L THOMAS
- Principal officer (990 for 2024)
- AGUSTINA VELAZQUEZ, 11 SYCAMORE STREET, WORCESTER, MA 01608
- Signed the 990
- AGUSTINA VELAZQUEZ, INTERIM PRESIDENT & CEO
- Phone
- (508) 425-4788
- Website
- HTTPS://NEWAMERICANSCDC.ORG/
- Return prepared by
- CITRIN COOPERMAN ADVISORS LLC
Mission
THE NEW AMERICANS COMMUNITY DEVELOPMENT CORPORATION (NACDC) INTENDS TO UNDERTAKE COMMUNITY RE-DEVELOPMENT, RENOVATION PROJECTS AND ACTIVITIES THAT REVITALIZE AN "ECONOMIC DESERT AREA" WITHIN WORCESTER. OUR INTENTIONS ALSO INCLUDE CREATION AND EXPANSION OF ECONOMIC ACTIVITIES FOR ALL RESIDENTS OF THE AREA WITH SPECIAL EMPHASIS ON THE DISENFRANCHISED, LOW AND MODERATE INCOME POPULATION. WE WILL PRESERVE AND DEVELOP HOUSING, FACILITATE HOME OWNERSHIP, BUSINESS OPPORTUNITIES AND CAREER TRAINING LADDERS IN THE "MAIN MIDDLE" AREA AND ITS IMMEDIATE SURROUNDING NEIGHBORHOODS.
Program accomplishments
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
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
- 47-4900810
- 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
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $41,990
- Income (IRS master file)
- $603,262
Revocation and reinstatement
- Exemption revoked
- November 15, 2018
- Posted by the IRS
- March 11, 2019
- Reinstated
- Effective November 15, 2018
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $603,262 | $45,627 | $41,990 | XML |
| 990 | June 2024 | $165,506 | $53,857 | $60,367 | IRS |
| 990 | June 2023 | $37,548 | $226,468 | $310,359 | XML |
| 990 | June 2022 | $129,845 | $119,944 | $814,932 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 47-4900810).
Questions about NEW AMERICANS COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of NEW AMERICANS COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of NEW AMERICANS COMMUNITY DEVELOPMENT CORPORATION is 47-4900810.
- Is NEW AMERICANS COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2018 and reinstated it effective November 15, 2018.
- Are donations to NEW AMERICANS COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW AMERICANS 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 NEW AMERICANS 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 NEW AMERICANS 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 NEW AMERICANS COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names AGUSTINA VELAZQUEZ.
- Who are the officers and directors of NEW AMERICANS COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does NEW AMERICANS COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $603,262, expenses of $45,627 and total assets of $41,990 at year end.
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