Nonprofit · EIN 83-1779956
NEWVUE LIABILITIES TO ASSETS INC
Tax-exempt · FITCHBURG, MA 01420
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,164 | $31,711 | -$22,547 | $2,146,671 | $2,013,102 | $133,569 |
| June 30, 2024 | 990 | $6,084 | $21,615 | -$15,531 | $2,179,725 | $2,023,609 | $156,116 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $9,164
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,074
- Management and general (functional)
- $31,711
Balance sheet and other
- Total assets, start of year
- $2,179,725
- Total assets, end of year
- $2,146,671
- Total liabilities, end of year
- $2,013,102
- Net assets, end of year
- $133,569
- Net assets without donor restrictions
- $133,569
- Gross receipts
- $9,164
- Employees
- 0
- Volunteers
- 4
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTINA DIRUSSO | BOARD PRESIDENT Trustee or director, Officer | 1 | $0 |
| ERIN NANO | BOARD TREASURER Trustee or director, Officer | 1 | $0 |
| MARC DOHAN | BOARD CLERK Trustee or director, Officer | 1 | $0 |
| TOM GRAY | BOARD PRESIDENT (UNTIL 6/2025) Trustee or director, Officer | 1 | $0 |
| LIZ MURPHY | BOARD DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH WOOD | BOARD DIRECTOR Trustee or director | 1 | $0 |
| JEFFREY PARKER | BOARD DIRECTOR Trustee or director | 1 | $0 |
| PHILIP DUFFY | BOARD DIRECTOR Trustee or director | 1 | $0 |
| TREVOR BEAUREGARD | BOARD DIRECTOR (UNTIL 11/2024) Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM GRAY | BOARD PRESIDENT Trustee or director, Officer | 2 | $0 |
| ERIN NANO | BOARD TREASURER (PART YEAR) Trustee or director, Officer | 2 | $0 |
| CHRISTINA DIRUSSO | BOARD TREASURER (PART YEAR) Trustee or director, Officer | 2 | $0 |
| MARC DOHAN | BOARD CLERK Trustee or director, Officer | 2 | $0 |
| LIZ MURPHY | BOARD DIRECTOR Trustee or director | 2 | $0 |
| ELIZABETH WOOD | BOARD DIRECTOR Trustee or director | 2 | $0 |
| JEFFREY PARKER | BOARD DIRECTOR Trustee or director | 2 | $0 |
| TREVOR BEAUREGARD | BOARD DIRECTOR Trustee or director | 2 | $0 |
| PHILIP DUFFY | BOARD DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 470 MAIN STREET, FITCHBURG, MA 01420-8173
- In care of
- % MARC DOHAN
- Principal officer (990 for 2024)
- CHRISTINA DIRUSSO, 470 MAIN STREET, FITCHBURG, MA 01420
- Signed the 990
- CHRISTINA DIRUSSO, BOARD PRESIDENT
- Phone
- (978) 342-9561
- Return prepared by
- AAFCPAS INC
Mission
LIABILITIES TO ASSETS IS A PILOT PROGRAM THAT THE EXECUTIVE OFFICE OF HOUSING AND LIVABLE COMMUNITIES CREATED TO HELP COMMUNITIES STABILIZE NEIGHBORHOODS BY REDEVELOPING DETERIORATED PROPERTIES THAT ARE CONSIDERED A BLIGHT. THE PROGRAM WILL SUPPORT THE PURCHASE AND REHABILITATION OF PRIMARILY ONE AND TWO FAMILY PROPERTIES THAT HAVE BEEN VACANT FOR AT LEAST 3 YEARS AT THE TIME OF DEVELOPMENT AND HAVE A NEGATIVE IMPACT ON THEIR SURROUNDING NEIGHBORHOOD.
Program accomplishments
- PURCHASE AND REHABILITATION OF BLIGHTED PROPERTIES IN ATHOL, CLINTON, FITCHBURG, GARDNER AND LEOMINSTER AND SELLING TO ELIGIBLE HOMEOWNERS.
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
- 83-1779956
- 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
- 2021
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $2,146,671
- Income (IRS master file)
- $9,164
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,164 | $31,711 | $2,146,671 | IRS |
| 990 | June 2024 | $6,084 | $21,615 | $2,179,725 | XML |
| 990 | June 2023 | $267,319 | $95,672 | $2,117,672 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | 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 83-1779956).
Questions about NEWVUE LIABILITIES TO ASSETS INC
- What is the EIN of NEWVUE LIABILITIES TO ASSETS INC?
- The employer identification number (EIN) of NEWVUE LIABILITIES TO ASSETS INC is 83-1779956.
- Is NEWVUE LIABILITIES TO ASSETS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to NEWVUE LIABILITIES TO ASSETS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEWVUE LIABILITIES TO ASSETS INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of NEWVUE LIABILITIES TO ASSETS INC 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 NEWVUE LIABILITIES TO ASSETS INC 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 NEWVUE LIABILITIES TO ASSETS INC?
- The 990 for the year ended June 30, 2025 names CHRISTINA DIRUSSO.
- Who are the officers and directors of NEWVUE LIABILITIES TO ASSETS INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does NEWVUE LIABILITIES TO ASSETS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,164, expenses of $31,711 and total assets of $2,146,671 at year end.
Other nonprofits in FITCHBURG
- OPERATION SERVICE INC EIN 82-0597234 · last filed 990-EZ for 2025
- NORTHERN WORRESTER COUNTY LANDLORDS ASSOCIATION EIN 27-0048275 · last filed 990-N for 2025
- HAITIAN INSTITUTE FOR WELLNESS EIN 47-2544454 · last filed 990-N for 2024
- CENTRO CELESTE CORPORATION EIN 87-3701254 · last filed 990-N for 2025
- NON-PROFIT CENTER OF NORTH CENTRAL MASSACHUSETTS INC EIN 86-2242149 · last filed 990 for 2025
- MAKING OPPORTUNITY COUNT INC EIN 04-2401111 · last filed 990 for 2025
- COMMUNITY HEALTH CONNECTIONS INC EIN 04-3452697 · last filed 990 for 2025
- L U K CRISIS CENTER INC EIN 04-2483679 · last filed 990 for 2025
All nonprofits in FITCHBURG · Massachusetts · Community improvement and capacity building