Nonprofit · EIN 02-0455162
CAPITAL REGIONAL DEVELOPMENT COUNCIL
Tax-exempt · CONCORD, NH 03301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 (amended) | $1,168,096 | $965,904 | $202,192 | $14,035,891 | $3,532,773 | $10,503,118 |
| September 30, 2024 | 990 | $1,068,226 | $963,121 | $105,105 | $14,334,114 | $3,894,694 | $10,439,420 |
| September 30, 2023 | 990 | $1,009,695 | $921,465 | $88,230 | $14,908,735 | $4,550,104 | $10,358,631 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $41,222
- of which government grants
- $41,222
- Program service revenue
- $1,050,820
- Investment income
- $75,554
- Net rental income
- $500
- Net gain from sales of assets
- $15,428
- Other revenue
- $500
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $430,280
- Other salaries and wages
- $226,571
- Salaries, compensation and benefits (total)
- $731,238
- Professional fundraising fees
- $0
- Legal fees
- $11,011
- Accounting fees
- $40,500
- Occupancy
- $16,699
- Travel
- $3,590
- Depreciation
- $14,343
- Program services (functional)
- $606,153
- Management and general (functional)
- $359,751
Balance sheet and other
- Total assets, start of year
- $14,334,114
- Total assets, end of year
- $14,035,891
- Total liabilities, end of year
- $3,532,773
- Net assets, end of year
- $10,503,118
- Land, buildings and equipment
- $549,953
- Publicly traded securities
- $1,144,600
- Net assets without donor restrictions
- $4,344,015
- Net assets with donor restrictions
- $6,159,103
- Gross receipts
- $2,070,434
- Employees
- 6
- Volunteers
- 9
- Year formed
- 1954
- State of legal domicile
- NH
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN A HEAVENER | EXECUTIVE VICE PRESIDENT Officer | 40 | $205,760 | $6,173 |
| JENNIFER BOULANGER | SENIOR LOAN OFFICER Key employee | 40 | $183,760 | $5,513 |
| CHARLES GILBOY | LOAN OFFICER Highest-paid employee | 40 | $116,261 | $3,488 |
| MATT WALSH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LYNDSEE PASKALIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS SULLIVAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| RYAN AUDLEY | PRESIDENT (OUTGOING) Trustee or director, Officer | 2 | $0 | $0 |
| JOE CONWAY | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JANET ACKERMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES LYNCH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES GOODHUE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID PETERSON | VICE PRESIDENT (INCOMING PRESIDENT) Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended September 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN A HEAVENER | EXECUTIVE VICE PRESIDENT Officer | 40 | $196,938 | $5,383 |
| JENNIFER BOULANGER | SENIOR LOAN OFFICER Key employee | 40 | $169,781 | $4,643 |
| CHARLES GILBOY | BUSINESS DEVELOPMENT AND LOAN OFFICER Highest-paid employee | 40 | $103,875 | $9,963 |
| DAVID PETERSON | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JAMES GOODHUE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES LYNCH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JANET ACKERMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOE CONWAY | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| KEN KOORNNEEF | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RYAN AUDLEY | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| THOMAS SULLIVAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended September 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN A HEAVENER | EXECUTIVE VICE PRESIDENT Officer | 40 | $205,040 | $8,576 |
| JENNIFER BOULANGER | LOAN OFFICER Highest-paid employee | 40 | $183,539 | $7,821 |
| DAVID PETERSON | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| HENRY VEILLEUX | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JANET ACKERMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOE CONWAY | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| KEN KOORNNEEF | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RYAN AUDLEY | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| STEVE KORZYNIOWSKI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUZANNE BRUNELLE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS SULLIVAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 20 MONTGOMERY ST, CONCORD, NH 03301-4311
- Principal officer (990 for 2024)
- DAVID PETERSON, 20 MONTGOMERY STREET, CONCORD, NH 03301
- Signed the 990
- DAVID PETERSON, PRESIDENT
- Phone
- (603) 496-1875
- Website
- WWW.CRDC-NH.COM
- Return prepared by
- NATHAN WECHSLER & COMPANY PA
Mission
THE ORGANIZATION'S MISSION IS PRIVATE SECTOR JOB CREATION/RETENTION AND PRIVATE PROPERTY TAX BASE ENHANCEMENT. CORE ACTIVITIES INCLUDE SMALL BUSINESS LENDING, REAL ESTATE DEVELOPMENT, AND ECONOMIC DEVELOPMENT CONSULTING.
Program accomplishments
- CRDC OFFERS PROGRAMS FOR FINANCING SMALL BUSINESSES THROUGH A VARIETY OF BUSINESS LOAN PROGRAMS SOURCED FROM THE U.S. SMALL BUSINESS ADMINISTRATION, THE US DEPARTMENT OF AGRICULTURE RURAL DEVELOPMENT, THE US ENVIRONMENTAL PROTECTION AGENCY, THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. LENDING PROGRAMS ARE DESIGNED TO CREATE NEW JOBS OR PRESERVE EXISTING JOBS, EXPAND EXPORTS, AID RURAL DEVELOPMENT, INCREASE PRODUCTIVITY AND COMPETITIVENESS AND MODERNIZE OR UPGRADE FACILITIES TO MEET HEALTH, SAFETY AND ENVIRONMENTAL REQUIREMENTS.Expenses $606,153 · revenue $1,050,820
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 02-0455162
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1996
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $14,035,891
- Income (IRS master file)
- $2,070,434
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,168,096 | $965,904 | $14,035,891 | XML |
| 990 | September 2024 | $1,068,226 | $963,121 | $14,334,114 | XML |
| 990 | September 2023 | $1,009,695 | $921,465 | $14,908,735 | XML |
| 990 | September 2022 | $977,983 | $926,983 | $14,984,194 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 02-0455162).
Questions about CAPITAL REGIONAL DEVELOPMENT COUNCIL
- What is the EIN of CAPITAL REGIONAL DEVELOPMENT COUNCIL?
- The employer identification number (EIN) of CAPITAL REGIONAL DEVELOPMENT COUNCIL is 02-0455162.
- Is CAPITAL REGIONAL DEVELOPMENT COUNCIL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1996.
- Are donations to CAPITAL REGIONAL DEVELOPMENT COUNCIL tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CAPITAL REGIONAL DEVELOPMENT COUNCIL 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 CAPITAL REGIONAL DEVELOPMENT COUNCIL due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAPITAL REGIONAL DEVELOPMENT COUNCIL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of CAPITAL REGIONAL DEVELOPMENT COUNCIL?
- The 990 for the year ended September 30, 2025 names DAVID PETERSON.
- Who are the officers and directors of CAPITAL REGIONAL DEVELOPMENT COUNCIL?
- The 990 for the year ended September 30, 2025 lists 12 people; 3 received compensation from the organization, the highest $205,760 (STEPHEN A HEAVENER, EXECUTIVE VICE PRESIDENT).
- How much revenue does CAPITAL REGIONAL DEVELOPMENT COUNCIL have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,168,096, expenses of $965,904 and total assets of $14,035,891 at year end.
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