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TO CREATE ECONOMIC DEVELOPMENT BY ASSISTING BUSINESSES TO ACQUIRE SBA 504 FINANCING TO EXPAND THEIR BUSINESSES BY ACQUIRING, RENOVATING OR CONSTRUCTING REAL ESTATE AND/OR ACQUIRING MACHINERY & EQUIPMENT. THE EXPANDED BUSINESSES LEAD TO THE CREATION AND/OR RETENTION OF JOBS.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$10.3M
Program Spending
88%
of total expenses go to program services
Total Contributions
$0
Total Expenses
▼$8M
Total Assets
$25.3M
Total Liabilities
▼$4.5M
Net Assets
$20.8M
Officer Compensation
→$3.9M
Other Salaries
$1.5M
Investment Income
$1.8M
Fundraising
▼N/A
Tax Year 2023 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $374K
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
MASS GENERAL HOSPITAL | BOSTON, MA | $200K | Cash | RESEARCH GRANT |
UNIVERSITY OF NEW HAMPSHIRE | HAMPTON, NH | $99K | Cash | SCHOLARSHIPS FOR BUSINESS STUDENTS |
SEEDS OF HOPE30-0693703 | NAPLES, ME | $10K | Cash | KITCHEN RENOVATION |
FRIENDS FOREVER | DURHAM, NH | $10K | Cash | LEADERSHIP TRAINING |
UTEC INC38-3669532 | LOWELL, MA | $10K | Cash | EDUCATION AND JOB TRAINING |
VERMONT COMMUNITY LOAN CENTER22-2864900 | MONTPELIER, VT | $10K | Cash | FOR COMMUNITY LOANS |
NEW HAMPSHIRE SMALL BUSINESS DEV CT | DURHAM, NH | $10K | Cash | DEVELOP SMALL BUSINESS |
CHILDRENS MUSEUM | DOVER, NH | $10K | Cash | ONGOING CHILDRENS PROGRAM SUPPORT |
NEW ENGLAND VILLAGE | PEMBROKE, MA | $7,500 | Cash | DEVELOPMENTAL DISABILITIES TRAINING |
GIRLS INC | HOLYOKE, MA | $7,500 | Cash | EDUCATION & JOB TRAINING |
| Total | $374K | |||
MASS GENERAL HOSPITAL
BOSTON, MA
$200K
UNIVERSITY OF NEW HAMPSHIRE
HAMPTON, NH
$99K
NAPLES, ME
$10K
FRIENDS FOREVER
DURHAM, NH
$10K
LOWELL, MA
$10K
MONTPELIER, VT
$10K
NEW HAMPSHIRE SMALL BUSINESS DEV CT
DURHAM, NH
$10K
CHILDRENS MUSEUM
DOVER, NH
$10K
NEW ENGLAND VILLAGE
PEMBROKE, MA
$7,500
GIRLS INC
HOLYOKE, MA
$7,500
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Not confirmed
No additional tax-exempt status records found in ReconForce's database.
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $10.3M | $0 | $8M | $25.3M | $20.8M |
| 2022IRS e-File | $9.8M | $0 | $8M | $22.4M | $18.4M |
| 2021 | $8.5M | $0 | $8.1M | $20.9M | $16.1M |
| 2020 | $8.2M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
| Total |
|---|
| Steve Aldrich | President | 40 | $422.3K | $0 | $145.3K | $567.5K |
| Fred Palazzolo | Senior Vice President | 40 | $387K | $0 | $138.6K | $525.7K |
| Sean Fitzgerald | Vice President | 40 | $300.4K | $0 | $97.7K | $398.1K |
| Paul Collins | Vice President | 40 | $280.2K | $0 | $61.3K | $341.5K |
| Matthew Collins | Vice President | 40 | $235.4K | $0 | $50.8K | $286.2K |
| Pam Bailey | Vice President | 40 | $225.2K | $0 | $60.8K | $286K |
| Barbara Arena | Vice President | 40 | $208.1K | $0 | $61.4K | $269.5K |
| Robin Lapointe | Vice President | 40 | $209.3K | $0 | $54.4K | $263.7K |
| Ethan Swain | Vice President | 40 | $190.2K | $0 | $59K | $249.2K |
| Carissa Murray | Vice President | 40 | $175.1K | $0 | $57.8K | $232.9K |
| Tracy Gaylord | Vice President | 40 | $190.2K | $0 | $40.9K | $231.1K |
Steve Aldrich
President
$567.5K
Hrs/Wk
40
Compensation
$422.3K
Related Orgs
$0
Other
$145.3K
Fred Palazzolo
Senior Vice President
$525.7K
Hrs/Wk
40
Compensation
$387K
Related Orgs
$0
Other
$138.6K
Sean Fitzgerald
Vice President
$398.1K
Hrs/Wk
40
Compensation
$300.4K
Related Orgs
$0
Other
$97.7K
Paul Collins
Vice President
$341.5K
Hrs/Wk
40
Compensation
$280.2K
Related Orgs
$0
Other
$61.3K
Matthew Collins
Vice President
$286.2K
Hrs/Wk
40
Compensation
$235.4K
Related Orgs
$0
Other
$50.8K
Pam Bailey
Vice President
$286K
Hrs/Wk
40
Compensation
$225.2K
Related Orgs
$0
Other
$60.8K
Barbara Arena
Vice President
$269.5K
Hrs/Wk
40
Compensation
$208.1K
Related Orgs
$0
Other
$61.4K
Robin Lapointe
Vice President
$263.7K
Hrs/Wk
40
Compensation
$209.3K
Related Orgs
$0
Other
$54.4K
Ethan Swain
Vice President
$249.2K
Hrs/Wk
40
Compensation
$190.2K
Related Orgs
$0
Other
$59K
Carissa Murray
Vice President
$232.9K
Hrs/Wk
40
Compensation
$175.1K
Related Orgs
$0
Other
$57.8K
Tracy Gaylord
Vice President
$231.1K
Hrs/Wk
40
Compensation
$190.2K
Related Orgs
$0
Other
$40.9K
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Lisa Mousseau | Key Employee | 40 | $158.6K | $0 | $56K | $214.6K |
| Ashley Mccarthy | Employee | 40 | $147.5K | $0 | $56.2K | $203.7K |
| Pierre Durand | Employee | 40 | $126.8K | $0 | $49.1K |
Lisa Mousseau
Key Employee
$214.6K
Hrs/Wk
40
Compensation
$158.6K
Related Orgs
$0
Other
$56K
Ashley Mccarthy
Employee
$203.7K
Hrs/Wk
40
Compensation
$147.5K
Related Orgs
$0
Other
$56.2K
Pierre Durand
Employee
$175.9K
Hrs/Wk
40
Compensation
$126.8K
Related Orgs
$0
Other
$49.1K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Birgit Christiansen | Director | 1.5 | $0 | $0 | $0 | $0 |
| Carolyn Cloutier | Director | 1.5 | $0 | $0 | $0 | $0 |
| David Gompers | Director | 1.5 | $0 | $0 | $0 | $0 |
| Jeff Angers | Director | 1.5 | $0 | $0 | $0 | $0 |
| Mary Driscoll | Director | 1.5 | $0 | $0 | $0 | $0 |
| Nancy Carmer | Director |
Birgit Christiansen
Director
$0
Hrs/Wk
1.5
Compensation
$0
Related Orgs
$0
Other
$0
Carolyn Cloutier
Director
$0
Hrs/Wk
1.5
Compensation
$0
Related Orgs
$0
Other
$0
David Gompers
Director
$0
Hrs/Wk
1.5
Compensation
$0
Related Orgs
$0
Other
$0
Individuals who previously served as officers or key employees.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Scott Gardiner | Former Employee | — | $359.1K | $0 | $26.1K | $385.3K |
| Alan Abraham | Former Employee | — | $165K | $0 | $0 | $165K |
Scott Gardiner
Former Employee
$385.3K
Hrs/Wk
—
Compensation
$359.1K
Related Orgs
$0
Other
$26.1K
Alan Abraham
Former Employee
$165K
Hrs/Wk
—
Compensation
$165K
Related Orgs
$0
Other
$0
| $0 |
| $7.9M |
| $20.4M |
| $16M |
| 2019 | $7.9M | $0 | $7.5M | $19.2M | $15.5M |
| 2018 | $7.4M | $0 | $6.8M | $18M | $14.7M |
| 2017 | $7.3M | $0 | $6.9M | $17.4M | $14.1M |
| 2016 | $6.5M | $0 | $6M | $16.7M | $13.8M |
| 2015 | $6.1M | $0 | $5.4M | $16.1M | $13.4M |
| 2014 | $5.7M | $0 | $5M | $15.3M | $12.7M |
| 2013 | $5.9M | $0 | $5.1M | $14.6M | $12.1M |
| 2012 | $5.5M | $0 | $4.3M | $13.8M | $11.3M |
| 2011 | $5.1M | $0 | $4.3M | $12.7M | $10.3M |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| $175.9K |
| Cathy Picardo | Employee | 40 | $122.8K | $0 | $40.1K | $162.9K |
| Jaclyn St Onge | Employee | 40 | $107.5K | $0 | $44.7K | $152.2K |
| Brandt Abraham | Employee | 40 | $100.9K | $0 | $30.4K | $131.3K |
Cathy Picardo
Employee
$162.9K
Hrs/Wk
40
Compensation
$122.8K
Related Orgs
$0
Other
$40.1K
Jaclyn St Onge
Employee
$152.2K
Hrs/Wk
40
Compensation
$107.5K
Related Orgs
$0
Other
$44.7K
Brandt Abraham
Employee
$131.3K
Hrs/Wk
40
Compensation
$100.9K
Related Orgs
$0
Other
$30.4K
| 1.5 |
| $0 |
| $0 |
| $0 |
| $0 |
| Paul Bergeron | Director | 1.5 | $0 | $0 | $0 | $0 |
| William Powers | Director | 1.5 | $0 | $0 | $0 | $0 |
Jeff Angers
Director
$0
Hrs/Wk
1.5
Compensation
$0
Related Orgs
$0
Other
$0
Mary Driscoll
Director
$0
Hrs/Wk
1.5
Compensation
$0
Related Orgs
$0
Other
$0
Nancy Carmer
Director
$0
Hrs/Wk
1.5
Compensation
$0
Related Orgs
$0
Other
$0
Paul Bergeron
Director
$0
Hrs/Wk
1.5
Compensation
$0
Related Orgs
$0
Other
$0
William Powers
Director
$0
Hrs/Wk
1.5
Compensation
$0
Related Orgs
$0
Other
$0