2024-05-08T17:28:02-04:00 2023-12-31 020466387 MURPHY POWERS & WILSON CPAS PC 1 MERRILL INDUSTRIAL DR UNIT 1 HAMPTON NH 03842 990 2023-01-01 043367947 STRAFFORD ECONOMIC DEVELOPMENT CORPORATION STRA 6037492211 COCHECO FALLS MILLWORKS 100 MAIN ST DOVER NH 03820 TIMOTHY DARGAN PRESIDENT 6037492211 2024-03-11 true TIMOTHY DARGAN 999009999 true MICHAEL J MURPHY P00291869 6039268063 2024-04-30 2023 2023-04-26 12:10:37Z TIMOTHY DARGAN 33 ATLANTIC AVE DOVER NH 03820 2431823 false X WWW.SEDCNH.ORG X 1997 NH THE ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF MAINTAINING, IMPROVING, AND REVITALIZING THE LOCAL ECONOMIC AND INDUSTRIAL BASE AND TO ENSURE THE RETENTION AND CREATION OF HIGH QUALITY EMPLOYMENT OPPORTUNITIES FOR THE RESIDENTS OF THE COMMUNITY. 9 9 5 0 42222 1453737 830393 952411 319 25675 0 872934 2431823 0 0 368811 413665 0 0 305258 377794 674069 791459 198865 1640364 15973160 17556099 5225262 5167837 10747898 12388262 X THE ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF MAINTAINING, IMPROVING, AND REVITALIZING THE LOCAL ECONOMIC AND INDUSTRIAL BASE AND TO ENSURE THE RETENTION AND CREATION OF HIGH QUALITY EMPLOYMENT OPPORTUNITIES FOR THE RESIDENTS OF THE COMMUNITY. false false 694123 2431823 THE ORGANIZATION ORIGINATED EIGHT ADDITIONAL ECONOMIC DEVELOPMENT LOANS FOR AREA BUSINESSES DURING THE FISCAL YEAR ENDED DECEMBER 31, 2023, ADDING 1,742,455 IN NEW LENDING TO ITS LOAN PORTFOLIO. 694123 true true false false false false false false false false true false false false false false true false false false false false false false false false false false false true false false false false false false false false true false false false false false false false false true 9 0 true 5 true false false false false false false false false false false false false X 9 9 false false false false false false false true true false false false true true true true true true true false NH X DENNIS MCCANN EXECUTIVE DIRECTOR 6037492211 COCHECO FALLS MILLWORKS 100 MAIN DOVER NH 03820 DENNIS MCCANN EXECUTIVE DI 50.00 X 175000 0 5250 ZACHERY PALMER DIRECTOR 40.00 X 20615 0 0 TIMOTHY DARGAN PRESIDENT 10.00 X X 0 0 0 THOMAS DUMAIS SECRETARY/TR 10.00 X X 0 0 0 DANA LYNCH DIRECTOR 5.00 X 0 0 0 MICHAEL NYE DIRECTOR 5.00 X 0 0 0 MARCELLA PERRY DIRECTOR 5.00 X 0 0 0 SAMUEL REID VICE PRESIDE 10.00 X X 0 0 0 LISA STANLEY DIRECTOR 5.00 X 0 0 0 MARK WENTWORTH DIRECTOR 5.00 X 0 0 0 195615 5250 1 false true false 1410822 42915 42915 1453737 LOAN INTEREST INCOME 561499 918329 918329 OTHER INCOME 561499 21256 21256 FEES AND COMMISSIONS ON LOANS 561499 12826 12826 952411 25675 25675 2431823 978086 195615 156492 39123 176671 141337 35334 13938 11150 2788 27441 21953 5488 7579 7579 26444 21155 5289 6941 6775 166 8697 8697 14578 11662 2916 17270 13816 3454 4625 4625 142507 142507 2080 2080 6002 4802 1200 PROVISION FOR NON-PERFORM 100000 100000 PROGRAM EXPENSE 25429 25429 MISCELLANEOUS 7890 6312 1578 WEB MAINTENANCE 4020 4020 3732 3732 791459 694123 97336 0 1435413 3215374 14551 14588 13679732 14311023 9378 9373 73991 68250 7821 5741 826265 15973160 17556099 36672 53665 2087 3188590 5112085 2000000 5225262 5167837 X 9532546 10776146 1215352 1612116 10747898 12388262 15973160 17556099 1640364 X false true X true false X 20000 19000 2121803 42222 1453737 3656762 20000 19000 2121803 42222 1453737 3656762 3656762 750044 721310 699311 756954 918329 3845948 37304 42060 39789 73758 59757 252668 7755378 4176624 0.47150 0.39700 X PART II, LINE 10 252,668 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 73991 68250 5741 5741 2431823 2431823 2431823 791459 791459 791459 false false false false false false false false false DENNIS MCCANN EXECUTIVE DIRECTOR 175000 5250 180250 X NOTE RECEIVABLE 1 42915 LOAN VALUE false false false FORM 990 - ORGANIZATION'S MISSION THE ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF MAINTAINING, IMPROVING, AND REVITALIZING THE LOCAL ECONOMIC AND INDUSTRIAL BASE AND TO ENSURE THE RETENTION AND CREATION OF HIGH QUALITY EMPLOYMENT OPPORTUNITIES FOR THE RESIDENTS OF THE COMMUNITY. FORM 990, PAGE 6, PART VI, LINE 11B THE TREASURER OF THE ORGANZIATION REVIEWS THE FORM 990, WITH ACCOMPANYING FORMS AND SCHEDULES, ON BEHALF OF THE GOVERNING BODY BEFORE IT IS SIGNED AND FILED. FORM 990, PAGE 6, PART VI, LINE 12C ALL OFFICERS, BOARD MEMBERS, AND KEY EMPLOYEES ARE REGULARLY ASKED TO DISCLOSE THEIR BUSINESS AND INVESTMENT HOLDINGS AND TRANSACTIONS, INCLUDING OTHER FAMILY MEMBERS, THAT COULD GIVE RISE TO POTENTIAL CONFLICTS OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE GOVERNING BODY OF THE ORGANIZATION HAS ESTABLISHED A COMPENSATION COMMITTEE TO MONITOR AND RECOMMEND SALARY GUIDELINES FOR ITS KEY EMPLOYEES, INCLUDING THE EXECUTIVE DIRECTOR, UTILIZING COMPARATIVE COMPENSATION DATA AND OTHER RESOURCES. FORM 990, PAGE 6, PART VI, LINE 15B THE GOVERNING BODY OF THE ORGANIZATION HAS ESTABLISHED A COMPENSATION COMMITTEE TO MONITOR AND RECOMMEND SALARY GUIDELINES FOR ITS KEY EMPLOYEES INCLUDING THE EXECUTIVE DIRECTOR, UTILIZING COMPARATIVE COMPENSATION DATA AND OTHER RESOURCES. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENT, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMETNS TO THE GENERAL PUBLIC BY PROVIDING COPIES UPON REQUEST OR BY INSPECTION AT ITS MAIN OFFICE.