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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$1.2M
Program Spending
80%
of total expenses go to program services
Total Contributions
$925.3K
Total Expenses
▼$1.1M
Total Assets
$6.8M
Total Liabilities
▼$652K
Net Assets
$6.1M
Officer Compensation
→N/A
Other Salaries
$404K
Investment Income
$63.9K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$3.3M
Awards Found
13
| Awarding Agency | Description | Amount | Fiscal Year | Period |
|---|---|---|---|---|
| Department of the Treasury | CDFI RAPID RESPONSE PROGRAM AWARD | $1.1M | FY2021 | Jun 2021 – Sep 2023 |
| Department of Commerce | CARES ACT RLF | $946K | — | — – — |
| Small Business Administration | SMALL BUSINESS TECHNICAL ASSISTANCE | $304.8K | FY2022 | Jul 2022 – Jun 2023 |
| Small Business Administration | NORTH CENTRAL MASSACHUSETTS DEV CO, MA THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS. | $280.8K | FY2021 | Jul 2021 – Jun 2022 |
| Small Business Administration | THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS. | $224.9K | FY2023 | Jul 2023 – Jun 2024 |
| Small Business Administration | THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS. | $148.1K | FY2020 | Aug 2020 – Jun 2021 |
| Small Business Administration | NORTH CENTRAL MASSACHUSETTS DEV CORP - MA | $123K | FY2024 | Jul 2024 – Jun 2025 |
| Small Business Administration | MICROLOAN | $91.1K | FY2019 | Jul 2019 – Jun 2020 |
| Small Business Administration | NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORPORATION - MA TO ASSIST ALL ENTREPRENEURS BUSINESS OWNERS AND OTHER INDIVIDUALS POSSESSING THE CAPABILITY TO OPERATE SUCCESSFUL BUSINESS CONCERNS AND TO ASSIST SMALL BUSINESS CONCERNS IN THOSE AREAS SUFFERING FROM A LACK OF CREDIT DUE TO ECONOMIC DOWNTURNS UNDER THE PROGRAM THE SMALL BUSINESS ADMINISTRATION SBA WILL MAKE LOANS OR PROVIDE GUARANTIES TO PRIVATE NON PROFIT AND QUASI GOVERNMENTAL ORGANIZATIONS INTERMEDIARY LENDERS THAT WILL USE THE LOAN FUNDS TO MAKE SHORT TERM FIXED INTEREST RATE MICROLOANS IN AMOUNTS UP TO 50000 DOLLARS TO START UP NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS THESE MICROLOANS ARE TO BE USED EXCLUSIVELY FOR WORKING CAPITAL INVENTORY SUPPLIES FURNITURE FIXTURES MACHINERY AND OR EQUIPMENT IN ADDITION THE SBA WILL MAKE GRANTS TO PARTICIPATING INTERMEDIARY LENDERS TO PROVIDE MARKETING MANAGEMENT AND TECHNICAL ASSISTANCE TO PROSPECTIVE BORROWERS AND BORROWERS RECEIVING MICROLOANS UNDER THE PROGRAM SBA WILL ALSO PROVIDE TRAINING FOR | $81.4K | FY2025 | Jul 2025 – Jun 2026 |
| Small Business Administration | MICROLOAN | $41.7K | FY2018 | Jul 2018 – Jun 2019 |
| Small Business Administration | MICROLOAN PROGRAM TA GRANT | $28.9K | FY2015 | Aug 2015 – Sep 2016 |
| Small Business Administration | MICROLOAN PROGRAM - TECHNICAL ASSISTANCE GRANT | $28.4K | FY2017 | Aug 2017 – Jun 2018 |
| Small Business Administration | MICROLOAN | -$14.4K | FY2016 | Jul 2016 – Sep 2017 |
Department of the Treasury
$1.1M
CDFI RAPID RESPONSE PROGRAM AWARD
Department of Commerce
$946K
CARES ACT RLF
Small Business Administration
$304.8K
SMALL BUSINESS TECHNICAL ASSISTANCE
Small Business Administration
$280.8K
NORTH CENTRAL MASSACHUSETTS DEV CO, MA THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
$224.9K
THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
$148.1K
THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
$123K
NORTH CENTRAL MASSACHUSETTS DEV CORP - MA
Small Business Administration
$91.1K
MICROLOAN
Small Business Administration
$81.4K
NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORPORATION - MA TO ASSIST ALL ENTREPRENEURS BUSINESS OWNERS AND OTHER INDIVIDUALS POSSESSING THE CAPABILITY TO OPERATE SUCCESSFUL BUSINESS CONCERNS AND TO ASSIST SMALL BUSINESS CONCERNS IN THOSE AREAS SUFFERING FROM A LACK OF CREDIT DUE TO ECONOMIC DOWNTURNS UNDER THE PROGRAM THE SMALL BUSINESS ADMINISTRATION SBA WILL MAKE LOANS OR PROVIDE GUARANTIES TO PRIVATE NON PROFIT AND QUASI GOVERNMENTAL ORGANIZATIONS INTERMEDIARY LENDERS THAT WILL USE THE LOAN FUNDS TO MAKE SHORT TERM FIXED INTEREST RATE MICROLOANS IN AMOUNTS UP TO 50000 DOLLARS TO START UP NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS THESE MICROLOANS ARE TO BE USED EXCLUSIVELY FOR WORKING CAPITAL INVENTORY SUPPLIES FURNITURE FIXTURES MACHINERY AND OR EQUIPMENT IN ADDITION THE SBA WILL MAKE GRANTS TO PARTICIPATING INTERMEDIARY LENDERS TO PROVIDE MARKETING MANAGEMENT AND TECHNICAL ASSISTANCE TO PROSPECTIVE BORROWERS AND BORROWERS RECEIVING MICROLOANS UNDER THE PROGRAM SBA WILL ALSO PROVIDE TRAINING FOR
Small Business Administration
$41.7K
MICROLOAN
Small Business Administration
$28.9K
MICROLOAN PROGRAM TA GRANT
Small Business Administration
$28.4K
MICROLOAN PROGRAM - TECHNICAL ASSISTANCE GRANT
Small Business Administration
-$14.4K
MICROLOAN
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 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: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $1.2M | $925.3K | $1.1M | $6.8M | $6.1M |
| 2022 | $2.4M | $2.3M | $1.3M | $7.1M | $5.7M |
| 2021 | $3.6M | $3.3M | $2.6M | $6.2M | $5.1M |
| 2020 | $1M | $923.8K | $1.8M |
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
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Roy Nascimento | President, Treasurer | 18 | $0 | $218.2K | $0 | $218.2K |
| Raymond Martino | Chairman | 1 | $0 | $0 | $0 | $0 |
| David Duval | Vice Chair | 1 | $0 | $0 | $0 | $0 |
| Raymond Lafond | Clerk | 1 | $0 | $0 | $0 | $0 |
Roy Nascimento
President, Treasurer
$218.2K
Hrs/Wk
18
Compensation
$0
Related Orgs
$218.2K
Other
$0
Raymond Martino
Chairman
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
David Duval
Vice Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Raymond Lafond
Clerk
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Anthony Mercadante | Director | 1 | $0 | $0 | $0 | $0 |
| Christina Dirusso | Director | 1 | $0 | $0 | $0 | $0 |
| Karen Thorne | Director | 1 | $0 | $0 | $0 | $0 |
| Mark Freeman | Director | 1 | $0 | $0 | $0 | $0 |
| Trevor Beauregard | Director | 1 | $0 | $0 | $0 | $0 |
Anthony Mercadante
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Christina Dirusso
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Karen Thorne
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $3.4M |
| $2.3M |
| 2019 | $660K | $552.5K | $1M | $2.5M | $1.8M |
| 2018 | $358.1K | $296.6K | $521.5K | $2.2M | $1.5M |
| 2017 | $437.1K | $374.4K | $416.8K | $1.9M | $1.4M |
| 2016 | $324.7K | $244.8K | $596.7K | $1.7M | $1.2M |
| 2015 | $266.2K | $237.7K | $516.6K | $1.4M | $1.2M |
| 2014 | $219.2K | $137.9K | $406.2K | $1.2M | $1.1M |
| 2013 | $188K | $130.2K | $499K | $1.2M | $1.1M |
| 2012 | $167.5K | $100.4K | $480K | $1.2M | $1.2M |
| 2011 | $98K | $47.4K | $355.7K | $1.2M | $1.2M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 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 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
Mark Freeman
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Trevor Beauregard
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0