Developspringfield Corporation
TO AID IN THE SPEEDY AND ORDERLY DEVELOPMENT OR REDEVELOPMENT OF PROPERTY IN THE CITY OF SPRINGFIELD, INCLUDING BUT NOT LIMITED TO UNUSED, UNDERUSED OR UNDEVELOPED AREAS, AND IN THE DEVELOPMENT, OPERATION, AND MANAGEMENT OF FACILITIES AND INFRASTRUCTURE NECESSARY.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.8M
-22.4% YoY
Revenue
$-298,684
-65.6% YoY
Net Investment Income
$-810,980
-20.4% YoY
Expenses
$366K
+123.5% YoY
About Developspringfield Corporation
Based on IRS filings
Developspringfield Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in SPRINGFIELD, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.8M in total assets.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,838,765 | $4,946,432 | $6,116,230 |
| Revenue | $-298,684 | $-868,884 | $166,652 |
| Expenses | $366,410 | $163,906 | $196,268 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $-810,980 | $-1,018,409 | $-16,978 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Andrew Davis | Vice President | 1 | — |
| Arlen Carballo | Treasurer | 1 | — |
| Jose Claudio | Secretary | 1 | — |
| Antonio Dos Santos | Chairman | 1 | — |
| Timothy Sheehan | Director | 1 | — |
| Jeffrey Daley | President | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Developspringfield Corporation?
Developspringfield Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in SPRINGFIELD, MA. It holds $3.8M in total assets as of 2024.
How large is Developspringfield Corporation?
As of 2024, Developspringfield Corporation holds $3.8M in total assets with $-298,684 in annual revenue.
Where does Developspringfield Corporation operate?
Developspringfield Corporation has awarded grants in Connecticut, Massachusetts.
What is Developspringfield Corporation's EIN?
Developspringfield Corporation's EIN (Employer Identification Number) is 26-3862976. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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