Nonprofit · EIN 22-2507101
CHELSEA CORP FOR ECONOMIC PROGRESS
Tax-exempt · CHELSEA, MA 02150
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $2,505 | $5,550 | -$3,045 | $221,911 | $0 | $221,911 |
| December 31, 2024 | 990-EZ | $2,322 | $4,497 | -$2,175 | $223,111 | $0 | $223,111 |
| December 31, 2023 | 990-EZ | $1,875 | $5,504 | -$3,629 | $225,446 | $0 | $225,446 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Investment income
- $2,505
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $5,550
- Program services (functional)
- $5,550
Balance sheet and other
- Total assets, start of year
- $224,956
- Total assets, end of year
- $221,911
- Total liabilities, end of year
- $0
- Net assets, end of year
- $221,911
- Cash, savings and investments
- $160,760
- Gross receipts
- $2,505
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer Hassell | Executive Director | 0 | $0 |
| Joseph M Vinard | President | 0 | $0 |
| Seth Seth | Treasurer | 0 | $0 |
990-EZ for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer Hassell | Executive Director | 0 | $0 |
| Beth M McDougal | President | 0 | $0 |
| David Mindlin | Vice President | 0 | $0 |
| Seth Felix | Treasurer | 0 | $0 |
| Rosman Gold | Vice President | 0 | $0 |
| Arthur Arsenault | Secretary | 0 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer Hassell | Executive Director | 0 | $0 |
| Joseph M Vinard | President | 0 | $0 |
| David Mindlin | Vice President | 0 | $0 |
| Bruce Mauch | Treasurer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 308 BROADWAY, CHELSEA, MA 02150-2808
- In care of
- % JENNIFER HASSELL
- Mailing address (990-N for 2009)
- 154 Pearl Street Unit 2, Chelsea MA 02150
- Principal officer (990-N for 2009)
- Helen Zucco, 154 Pearl Street, Chelsea MA 02150
- Signed the 990-EZ
- JENNIFER HASSELL, Executive Director
- Phone
- (617) 884-4877
- Return prepared by
- Litchfield Vo & Associates LLC
Mission
Provide Low interest loans for community
Program accomplishments
- Charitable Offering of Low Interest Loans to Homeowners and the local business community.Expenses $5,550
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 22-2507101
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $221,911
- Income (IRS master file)
- $2,505
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $2,505 | $5,550 | $221,911 | IRS |
| 990-EZ | December 2024 | $2,322 | $4,497 | $223,111 | XML |
| 990-EZ | December 2023 | $1,875 | $5,504 | $225,446 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2009 Officer: Helen Zucco | December 31, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
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 22-2507101).
Questions about CHELSEA CORP FOR ECONOMIC PROGRESS
- What is the EIN of CHELSEA CORP FOR ECONOMIC PROGRESS?
- The employer identification number (EIN) of CHELSEA CORP FOR ECONOMIC PROGRESS is 22-2507101.
- Is CHELSEA CORP FOR ECONOMIC PROGRESS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1985.
- Are donations to CHELSEA CORP FOR ECONOMIC PROGRESS tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CHELSEA CORP FOR ECONOMIC PROGRESS file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CHELSEA CORP FOR ECONOMIC PROGRESS due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHELSEA CORP FOR ECONOMIC PROGRESS last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of CHELSEA CORP FOR ECONOMIC PROGRESS?
- The 990-N for 2009 names Helen Zucco.
- Who are the officers and directors of CHELSEA CORP FOR ECONOMIC PROGRESS?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does CHELSEA CORP FOR ECONOMIC PROGRESS have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $2,505, expenses of $5,550 and total assets of $221,911 at year end.
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