Nonprofit · EIN 83-1553317
NEW BEDFORD DEVELOPMENT CORPORATION
Tax-exempt · NEW BEDFORD, MA 02740
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,837 | $22,875 | -$20,038 | $2,666,005 | $2,785,546 | -$119,541 |
| December 31, 2023 | 990 | $10,068 | $102,514 | -$92,446 | $2,686,913 | $2,786,416 | -$99,503 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $2,837
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $780
- Accounting fees
- $14,333
- Program services (functional)
- $22,875
Balance sheet and other
- Total assets, start of year
- $2,686,913
- Total assets, end of year
- $2,666,005
- Total liabilities, end of year
- $2,785,546
- Net assets, end of year
- -$119,541
- Net assets without donor restrictions
- -$119,541
- Gross receipts
- $2,837
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2018
- 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 |
|---|---|---|---|
| STEVEN ABEAUREGARD | PRESIDENT Trustee or director, Officer | 10 | $0 |
| REVLEONA JFISHER | TREASURER Trustee or director, Officer | 10 | $0 |
| WENDY AMENDOZA-RIVERA | CLERK Trustee or director, Officer | 5 | $0 |
| JOSEPH ECARVALHO | DIRECTOR Trustee or director, Officer | 1 | $0 |
| WILLIAM HKING | DIRECTOR Trustee or director, Officer | 1 | $0 |
| JOHN WHALEN | DIRECTOR Trustee or director, Officer | 1 | $0 |
| BRUCE JOLIVEIRA | DIRECTOR Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVEN ABEAUREGARD | PRESIDENT Trustee or director, Officer | 10 | $0 |
| REVLEONA JFISHER | TREASURER Trustee or director, Officer | 10 | $0 |
| WENDY AMENDOZA-RIVERA | CLERK Trustee or director, Officer | 5 | $0 |
| JOSEPH ECARVALHO | DIRECTOR Trustee or director, Officer | 1 | $0 |
| WILLIAM HKING | DIRECTOR Trustee or director, Officer | 1 | $0 |
| JOHN WHALEN | DIRECTOR Trustee or director, Officer | 1 | $0 |
| BRUCE JOLIVEIRA | DIRECTOR Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 128 UNION ST FLOOR 4, NEW BEDFORD, MA 02740-6386
- In care of
- % NEW BEDFORD HOUSING AUTHORITY
- Principal officer (990 for 2024)
- STEVEN ABEAUREGARD, 128 UNION ST, NEW BEDFORD, MA 02740
- Signed the 990
- STEVEN ABEAUREGARD, PRESIDENT
- Phone
- (508) 997-4829
- Return prepared by
- FORVIS MAZARS LLP
Mission
TO DEVELOP AND SUSTAIN STABLE AND VIBRANT AFFORDABLE AND LOW-INCOME HOUSING,AND TO PROVIDE RELATED RESIDENT SERVICES. TO DEVELOP AND OPERATE COMMUNITY PROJECTS WHICH COMBAT COMMUNITY DETERIORATION AND ASSIST IN NEIGHBORHOOD REVITALIZATION, STABILIZATION, AND SUPPORT ENERGY EFFICIENCY INITIATIVES.
Program accomplishments
- DEVELOPING AFFORDABLE AND LOW-INCOME HOUSING.Expenses $22,875
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
- 83-1553317
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $2,666,005
- Income (IRS master file)
- $2,837
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,837 | $22,875 | $2,666,005 | XML |
| 990 | December 2023 | $10,068 | $102,514 | $2,686,913 | XML |
| 990 | December 2022 | $312 | $100,148 | $2,906,457 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 83-1553317).
Questions about NEW BEDFORD DEVELOPMENT CORPORATION
- What is the EIN of NEW BEDFORD DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of NEW BEDFORD DEVELOPMENT CORPORATION is 83-1553317.
- Is NEW BEDFORD DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to NEW BEDFORD DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW BEDFORD DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of NEW BEDFORD DEVELOPMENT CORPORATION 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 NEW BEDFORD DEVELOPMENT CORPORATION 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 NEW BEDFORD DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names STEVEN ABEAUREGARD.
- Who are the officers and directors of NEW BEDFORD DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does NEW BEDFORD DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,837, expenses of $22,875 and total assets of $2,666,005 at year end.
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All nonprofits in NEW BEDFORD · Massachusetts · Housing and shelter