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TO PROVIDE ECONOMIC DEVELOPMENT SERVICES IN THE STATE OF NEW HAMPSHIRE.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$1.1M
Program Spending
59%
of total expenses go to program services
Total Contributions
$41.2K
Total Expenses
▼$963.1K
Total Assets
$14.3M
Total Liabilities
▼$3.9M
Net Assets
$10.4M
Officer Compensation
→$381.6K
Other Salaries
$267.2K
Investment Income
$83K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$1.8M
Awards Found
3
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Environmental Protection Agency | THIS ASSISTANCE AGREEMENT WILL PROVIDE FUNDING TO THE CAPITAL REGIONAL DEVELOPMENT COUNCIL TO CLEANUP BROWNFIELDS SITES IN SOUTHERN NEW HAMPSHIRE. B | $1.8M | FY2012 | Oct 2011 – Sep 2020 | Open → |
| Department of Agriculture | RURAL BUSINESS ENTERPRISE GRANTS | $24.5K | FY2014 | May 2014 – Jan 2016 | Open → |
| Department of Agriculture | CLAREMONT HOT WATER DISTRICT ENERGY SYSTEM (CITY OF CLAREMONT, NH) | $0 | FY2014 | Aug 2014 – Aug 2017 | Open → |
Environmental Protection Agency
$1.8M
THIS ASSISTANCE AGREEMENT WILL PROVIDE FUNDING TO THE CAPITAL REGIONAL DEVELOPMENT COUNCIL TO CLEANUP BROWNFIELDS SITES IN SOUTHERN NEW HAMPSHIRE. B
Department of Agriculture
$0
CLAREMONT HOT WATER DISTRICT ENERGY SYSTEM (CITY OF CLAREMONT, NH)
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
7
Clean Audits
7
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Clean | Unmodified (Clean) | $3.5M | Yes | 2025-01-09 |
| 2023 | Clean | Unmodified (Clean) | $3.7M | Yes | 2024-01-09 |
| 2022 | Clean | Unmodified (Clean) | $3.8M | Yes | 2023-01-11 |
| 2021 | Clean | Unmodified (Clean) | $4.7M | Yes | 2022-01-05 |
| 2020 | Clean | Unmodified (Clean) | $4.5M | Yes | 2021-01-12 |
| 2017 | Clean | Unmodified (Clean) | $991.1K | Yes | 2018-01-17 |
| 2016 | Clean | Unmodified (Clean) | $992.7K | Yes | 2017-01-04 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$991.1K
Financial Report
Unmodified (Clean)
Federal Expenditure
$992.7K
Tax Year 2024 · Source: IRS e-Filed Form 990
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 | $1.1M | $41.2K | $963.1K | $14.3M | $10.4M |
| 2022 | $978K | $52K | $927K | $15M | $10.1M |
| 2021 | $1.1M | $135.2K | $825.3K | $15.3M | $10.1M |
| 2020 | $1.5M | $719K | $852.1K |
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)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
| Total |
|---|
| Stephen A Heavener | Executive Vice President | 40 | $196.9K | $0 | $5,383 | $202.3K |
| Joe Conway | Treasurer | 2 | $0 | $0 | $0 | $0 |
| David Peterson | Vice President | 2 | $0 | $0 | $0 | $0 |
| Ryan Audley | President | 2 | $0 | $0 | $0 | $0 |
| Thomas Sullivan | Secretary | 2 | $0 | $0 | $0 | $0 |
Stephen A Heavener
Executive Vice President
$202.3K
Hrs/Wk
40
Compensation
$196.9K
Related Orgs
$0
Other
$5,383
Joe Conway
Treasurer
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
David Peterson
Vice President
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Ryan Audley
President
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Thomas Sullivan
Secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Jennifer Boulanger | Senior Loan Officer | 40 | $169.8K | $0 | $4,643 | $174.4K |
| Charles Gilboy | Business Development And Loan Officer | 40 | $103.9K | $0 | $9,963 | $113.8K |
Jennifer Boulanger
Senior Loan Officer
$174.4K
Hrs/Wk
40
Compensation
$169.8K
Related Orgs
$0
Other
$4,643
Charles Gilboy
Business Development And Loan Officer
$113.8K
Hrs/Wk
40
Compensation
$103.9K
Related Orgs
$0
Other
$9,963
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| James Goodhue | Director | 2 | $0 | $0 | $0 | $0 |
| James Lynch | Director | 2 | $0 | $0 | $0 | $0 |
| Janet Ackerman | Director | 2 | $0 | $0 | $0 | $0 |
| Ken Koornneef | Director | 2 | $0 | $0 | $0 | $0 |
James Goodhue
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
James Lynch
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Janet Ackerman
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
| $14.7M |
| $9.6M |
| 2019 | $894.1K | $64.5K | $803.8K | $13.5M | $9.4M |
| 2018 | $882K | $97.3K | $879.7K | $13.3M | $9.3M |
| 2017 | $898.7K | $79.3K | $800.6K | $13.5M | $9.4M |
| 2016 | $1M | $163K | $922.3K | $13.4M | $9.3M |
| 2015 | $1.2M | $303.1K | $947.6K | $13.2M | $9.3M |
| 2014 | $1.3M | $540.5K | $1.2M | $13.1M | $9.2M |
| 2013 | $1.3M | $535.4K | $1.1M | $12.2M | $9M |
| 2012 | $731.7K | $60.2K | $607.6K | $11M | $8.7M |
| 2011 | $603.4K | $39.3K | $719.6K | $10.3M | $8.4M |
| 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 | — |
Ken Koornneef
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0