Nonprofit · EIN 04-2966372
NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP
Tax-exempt · FITCHBURG, MA 01420
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $675,962 | $681,228 | -$5,266 | $6,620,194 | $498,606 | $6,121,588 |
| September 30, 2024 | 990 | $1,183,997 | $1,085,539 | $98,458 | $6,778,854 | $652,000 | $6,126,854 |
| September 30, 2023 | 990 | $1,614,235 | $1,247,983 | $366,252 | $6,873,771 | $845,375 | $6,028,396 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $367,537
- of which government grants
- $348,045
- Program service revenue
- $213,568
- Investment income
- $94,857
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $331,539
- Salaries, compensation and benefits (total)
- $375,932
- Professional fundraising fees
- $0
- Legal fees
- $4,302
- Accounting fees
- $28,000
- Occupancy
- $42,000
- Travel
- $8,143
- Depreciation
- $989
- Program services (functional)
- $425,038
- Management and general (functional)
- $256,190
Balance sheet and other
- Total assets, start of year
- $6,778,854
- Total assets, end of year
- $6,620,194
- Total liabilities, end of year
- $498,606
- Net assets, end of year
- $6,121,588
- Net assets without donor restrictions
- $5,184,246
- Net assets with donor restrictions
- $937,342
- Gross receipts
- $675,962
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1986
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ROY NASCIMENTO | PRESIDENT, TREASURER Trustee or director, Officer | 18 | $0 | $228,848 |
| RAYMOND MARTINO | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| KAREN THORNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID DUVAL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANTHONY MERCADANTE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAYMOND LAFOND | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| JAY CHAMPION | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK FREEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTINA DIRUSSO | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ROY NASCIMENTO | PRESIDENT, TREASURER Trustee or director, Officer | 18 | $0 | $218,226 |
| RAYMOND MARTINO | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| KAREN THORNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID DUVAL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANTHONY MERCADANTE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAYMOND LAFOND | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| TREVOR BEAUREGARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK FREEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTINA DIRUSSO | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ROY NASCIMENTO | PRESIDENT, TREASURER Trustee or director, Officer | 18 | $0 | $206,999 |
| RAYMOND MARTINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN THORNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID DUVAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTHONY MERCADANTE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAYMOND LAFOND | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| TREVOR BEAUREGARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK FREEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTINA DIRUSSO | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 860 SOUTH ST, FITCHBURG, MA 01420-6903
- Principal officer (990 for 2024)
- ROY NASCIMENTO, 860 SOUTH STREET, FITCHBURG, MA 01420
- Signed the 990
- ROY NASCIMENTO, PRESIDENT
- Phone
- (978) 353-7600
- Website
- CHOOSENORTHCENTRAL.COM
- Return prepared by
- DANIEL DENNIS AND COMPANY LLP
Mission
TO EXPAND ECONOMIC DEVELOPMENT IN NORTH CENTRAL MASSACHUSETTS BY PROVIDING A VARIETY OF MARKETING AND LENDING OPPORTUNITIES TO SMALL BUSINESSES IN COOPERATION WITH VARIOUS FEDERAL AND STATE AGENCIES.
Program accomplishments
- TO EXPAND ECONOMIC DEVELOPMENT IN NORTH CENTRAL MASSACHUSETTS BY PROVIDING ALTERNATIVE LENDING OPPORTUNITIES TO SMALL BUSINESSES.Expenses $278,051 · revenue $213,568
- TO EXPAND ECONOMIC DEVELOPMENT FOR BUSINESSES IN NORTH CENTRAL MASSACHUSETTS THROUGH MARKETING, NEWSLETTERS, WEBSITES AND MAILING LISTS.Expenses $146,987
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 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 04-2966372
- 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
- 1994
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,620,194
- Income (IRS master file)
- $675,962
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $675,962 | $681,228 | $6,620,194 | IRS |
| 990 | September 2024 | $1,183,997 | $1,085,539 | $6,778,854 | XML |
| 990 | September 2023 | $1,614,235 | $1,247,983 | $6,873,771 | XML |
| 990 | September 2022 | $2,376,134 | $1,292,443 | $7,059,159 | 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 04-2966372).
Questions about NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP
- What is the EIN of NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP?
- The employer identification number (EIN) of NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP is 04-2966372.
- Is NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP 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 NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP 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 NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP?
- The 990 for the year ended September 30, 2025 names ROY NASCIMENTO.
- Who are the officers and directors of NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP?
- The 990 for the year ended September 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $675,962, expenses of $681,228 and total assets of $6,620,194 at year end.
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