Nonprofit · EIN 82-2380625
COMMUNITY FINANCE INC
Tax-exempt · MALDEN, MA 02148
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $15,223 | $55,673 | -$40,450 | $65,525 | $0 | $65,525 |
| December 31, 2024 | 990 | $330,278 | $224,303 | $105,975 | $105,975 | $0 | $105,975 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $15,223
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,000
- Compensation of officers, directors and key employees
- $29,166
- Salaries, compensation and benefits (total)
- $29,166
- Professional fundraising fees
- $0
- Legal fees
- $2,740
- Accounting fees
- $575
- Travel
- $38
- Program services (functional)
- $55,673
Balance sheet and other
- Total assets, start of year
- $105,975
- Total assets, end of year
- $65,525
- Total liabilities, end of year
- $0
- Net assets, end of year
- $65,525
- Gross receipts
- $15,223
- Employees
- 0
- Year formed
- 2024
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ashley Sherwin | CFO Officer | 40 | $20,833 |
| David Henderson | CEO Officer | 40 | $8,333 |
| Diego May | – Officer | 1 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ashley Sherwin | CFO Officer | 40 | $112,500 |
| David Henderson | CEO Officer | 40 | $0 |
| Diego May | – Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 51 PLEASANT STREET STE 278, MALDEN, MA 02148-4904
- In care of
- % ASHLEY SHERWIN
- Signed the 990
- ASHLEY SHERWIN, CFO
- Phone
- (617) 935-7566
- Website
- https://www.communityfi.org
- Return prepared by
- GWS and Associates LLC
Mission
The organizations mission is to recognize and capitalize economic mutual aid infinancially excluded low income communities where everyone has access to highquality and low interest wealth building products
Program accomplishments
- The organization engaged 430 users tracking $60,000 in peer credit and $45,000 in peer to peer lending transactions;launched a rewards programs and development partnerships with other social impact organizations that provided $36,000 in capital through rewards and loan loss insuranceExpenses $55,673 · revenue $15,223
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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 82-2380625
- 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
- 2025
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Public and societal benefit (W99)
- Assets (IRS master file)
- $65,525
- Income (IRS master file)
- $15,223
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $15,223 | $55,673 | $65,525 | IRS |
| 990 | December 2024 | $330,278 | $224,303 | $105,975 | 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 82-2380625).
Questions about COMMUNITY FINANCE INC
- What is the EIN of COMMUNITY FINANCE INC?
- The employer identification number (EIN) of COMMUNITY FINANCE INC is 82-2380625.
- Is COMMUNITY FINANCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to COMMUNITY FINANCE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY FINANCE INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of COMMUNITY FINANCE INC 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 COMMUNITY FINANCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of COMMUNITY FINANCE INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 2 received compensation from the organization, the highest $20,833 (Ashley Sherwin, CFO).
- How much revenue does COMMUNITY FINANCE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $15,223, expenses of $55,673 and total assets of $65,525 at year end.
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All nonprofits in MALDEN · Massachusetts · Public and societal benefit