Nonprofit · EIN 75-2994759
NUESTRA DEVELOPMENT FUND INC
Tax-exempt · ROXBURY, MA 02119
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,513 | $40,035 | -$34,522 | $1,141,498 | $1,071,299 | $70,199 |
| December 31, 2023 | 990 | $564 | $116,145 | -$115,581 | $1,055,470 | $950,749 | $104,721 |
| December 31, 2022 | 990 | $0 | $0 | $0 | $1,171,051 | $950,749 | $220,302 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $5,513
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $35
- Program services (functional)
- $40,035
Balance sheet and other
- Total assets, start of year
- $1,055,470
- Total assets, end of year
- $1,141,498
- Total liabilities, end of year
- $1,071,299
- Net assets, end of year
- $70,199
- Net assets without donor restrictions
- $70,199
- Gross receipts
- $5,513
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2000
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| EVELYN FRIEDMAN | PRESIDENT Trustee or director, Officer | 1 | $0 | $45,632 | $5,247 |
| DONNA CRAMER | TRESURER & ASST SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ALFONSO SIRA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| N PAUL TONTHAT | PRESIDENT Trustee or director, Officer | 1 | $0 | $175,000 | $6,871 |
| DONNA M CRAMER | TREASURER & ASST SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARILYN SANCHEZ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2022: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| N PAUL TONTHAT | PRESIDENT Trustee or director, Officer | 1 | $0 | $57,212 | $6,871 |
| DONNA M CRAMER | TREASURER & ASST SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARILYN SANCHEZ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 190939, ROXBURY, MA 02119-0019
- In care of
- % ANA BOYD
- Principal officer (990 for 2024)
- EVELYN FRIEDMAN, PO BOX 190939, ROXBURY, MA 02119
- Signed the 990
- EVELYN FRIEDMAN, EXECUTIVE DIRECTOR
- Phone
- (617) 427-3599
- Return prepared by
- NOVOGRADAC & COMPANY LLP
Mission
NUESTRA DEVELOPMENT FUND, INC. (THE FUND), A MASSACHUSETTS NONPROFIT CORPORATION, WAS ORGANIZED IN 2000 TO PROVIDE LOANS AND GRANTS TO ASSIST LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES, COMMUNITY ORGANIZATIONS AND MULTI-FAMILY AFFORDABLE HOUSING ENTITIES TO DEVELOP.
Program accomplishments
- NUESTRA DEVELOPMENT FUND, INC. (THE FUND), A MASSACHUSETTS NONPROFIT CORPORATION, WAS ORGANIZED IN 2000 TO PROVIDE LOANS AND GRANTS TO ASSIST LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES, COMMUNITY ORGANIZATION, AND MULTI-FAMILY AFFORDABLE HOUSING ENTITIES TO DEVELOP, ACQUIRE, IMPROVE, OPERATE, RENOVATE, OR REFURBISH PROPERTY AND BUSINESS OPERATIONS. CURRENTLY THE FUND IS SERVING THE REMAINING LOANS AND NO LONGER ORIGINATION NEW LOANS.Expenses $40,035 · revenue $5,513
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-2994759
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Unknown (Z99)
- Assets (IRS master file)
- $1,141,498
- Income (IRS master file)
- $5,513
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,513 | $40,035 | $1,141,498 | XML |
| 990 | December 2023 | $564 | $116,145 | $1,055,470 | XML |
| 990 | December 2022 | $0 | $0 | $1,171,051 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 75-2994759).
Questions about NUESTRA DEVELOPMENT FUND INC
- What is the EIN of NUESTRA DEVELOPMENT FUND INC?
- The employer identification number (EIN) of NUESTRA DEVELOPMENT FUND INC is 75-2994759.
- Is NUESTRA DEVELOPMENT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to NUESTRA DEVELOPMENT FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NUESTRA DEVELOPMENT FUND INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of NUESTRA DEVELOPMENT FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NUESTRA DEVELOPMENT FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NUESTRA DEVELOPMENT FUND INC?
- The 990 for the year ended December 31, 2024 names EVELYN FRIEDMAN.
- Who are the officers and directors of NUESTRA DEVELOPMENT FUND INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does NUESTRA DEVELOPMENT FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,513, expenses of $40,035 and total assets of $1,141,498 at year end.
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