Nonprofit · EIN 75-2994759
NUESTRA DEVELOPMENT FUND INC
Tax-exempt · ROXBURY, MA 02119
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,513 | $40,035 | -$34,522 | $1,141,498 | $1,071,299 | $70,199 |
| December 31, 2023 | 990 | $564 | $116,145 | -$115,581 | $1,055,470 | $950,749 | $104,721 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $5,513
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $35
- Program services (functional)
- $40,035
Balance sheet and other
- Total assets, start of year
- $1,055,470
- Total assets, end of year
- $1,141,498
- Total liabilities, end of year
- $1,071,299
- Net assets, end of year
- $70,199
- Net assets without donor restrictions
- $70,199
- Gross receipts
- $5,513
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2000
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| EVELYN FRIEDMAN | PRESIDENT Trustee or director, Officer | 1 | $0 | $45,632 | $5,247 |
| DONNA CRAMER | TRESURER & ASST SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ALFONSO SIRA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| N PAUL TONTHAT | PRESIDENT Trustee or director, Officer | 1 | $0 | $175,000 | $6,871 |
| DONNA M CRAMER | TREASURER & ASST SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARILYN SANCHEZ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 190939, ROXBURY, MA 02119-0019
- In care of
- % ANA BOYD
- Principal officer (990 for 2024)
- EVELYN FRIEDMAN, PO BOX 190939, ROXBURY, MA 02119
- Signed the 990
- EVELYN FRIEDMAN, EXECUTIVE DIRECTOR
- Phone
- (617) 427-3599
- Return prepared by
- NOVOGRADAC & COMPANY LLP
Mission
NUESTRA DEVELOPMENT FUND, INC. (THE FUND), A MASSACHUSETTS NONPROFIT CORPORATION, WAS ORGANIZED IN 2000 TO PROVIDE LOANS AND GRANTS TO ASSIST LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES, COMMUNITY ORGANIZATIONS AND MULTI-FAMILY AFFORDABLE HOUSING ENTITIES TO DEVELOP.
Program accomplishments
- NUESTRA DEVELOPMENT FUND, INC. (THE FUND), A MASSACHUSETTS NONPROFIT CORPORATION, WAS ORGANIZED IN 2000 TO PROVIDE LOANS AND GRANTS TO ASSIST LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES, COMMUNITY ORGANIZATION, AND MULTI-FAMILY AFFORDABLE HOUSING ENTITIES TO DEVELOP, ACQUIRE, IMPROVE, OPERATE, RENOVATE, OR REFURBISH PROPERTY AND BUSINESS OPERATIONS. CURRENTLY THE FUND IS SERVING THE REMAINING LOANS AND NO LONGER ORIGINATION NEW LOANS.Expenses $40,035 · revenue $5,513
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 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
- 75-2994759
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Unknown (Z99)
- Assets (IRS master file)
- $1,141,498
- Income (IRS master file)
- $5,513
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $564 | $116,145 | $1,055,470 | IRS |
| 990 | December 2022 | $0 | $0 | $1,171,051 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about NUESTRA DEVELOPMENT FUND INC
- What is the EIN of NUESTRA DEVELOPMENT FUND INC?
- The employer identification number (EIN) of NUESTRA DEVELOPMENT FUND INC is 75-2994759.
- Is NUESTRA DEVELOPMENT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to NUESTRA DEVELOPMENT FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NUESTRA DEVELOPMENT FUND INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of NUESTRA DEVELOPMENT FUND 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 NUESTRA DEVELOPMENT FUND 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 NUESTRA DEVELOPMENT FUND INC?
- The 990 for the year ended December 31, 2024 names EVELYN FRIEDMAN.
- Who are the officers and directors of NUESTRA DEVELOPMENT FUND INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does NUESTRA DEVELOPMENT FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,513, expenses of $40,035 and total assets of $1,141,498 at year end.
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