Greater Fall River Development Corp
BUSINESS AND JOB DEVELOPMENT.
Key facts about Greater Fall River Development Corp
- EIN
- 04-2171799
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $138,372
- Grants made (2025)
- 5
- Average grant
- $27,674
- Median grant
- $25,000
- Total assets
- $9,905,263
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated April 2026.
Who Greater Fall River Development Corp funds
By grant dollars, the top recipient states for Greater Fall River Development Corp's 5 itemized 2025 grants were Massachusetts (100%). The most frequent recipient cities were Fall River, MA (4 grants).
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$9.9M
+4.3% YoY
Annual Giving
$138K
-93.8% YoY
Grant Count
5
-28.6% YoY
Avg Grant Size
$28K
-91.3% YoY
About Greater Fall River Development Corp
Based on IRS filings
Greater Fall River Development Corp is a nonprofit organization, based in Fall River, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $9.9M in total assets. In 2025, it awarded 5 grants totaling $138K. Net investment income was $676K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 5 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $9,905,263 | $9,498,881 | $10,771,557 |
| Revenue | $676,091 | $528,415 | $641,232 |
| Expenses | $245,835 | $2,348,928 | $299,818 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $676,091 | $528,415 | $616,712 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
Grant Size Distribution
33 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Holy Trinity School ($50,000), Junior Achievement of Southern Mass ($35,000), People Incorporated ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Holy Trinity School Fall River, MA | — | $50,000 |
| Junior Achievement of Southern Mass New Bedford, MA | — | $35,000 |
| People Incorporated Fall River, MA | — | $25,000 |
| Argosy Collegiate Charter School Fall River, MA | — | $20,000 |
| Fall River Deaconess Home Fall River, MA | Technology Grant | $8,372 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Peter Saulino Esq | Clerk | 1 | $250 |
| Paul M Joncas | President | 1 | — |
| Jason M Rua | Vice President | 1 | — |
| Philip Pelletier | Vice President | 1 | — |
| Steven Kenyon | Treasurer | 1 | — |
| Peter Cabral | Assistant Treasurer | 1 | — |
| James Palumbo | Assistant Clerk | 1 | — |
| F Nelson Blount | Director | 1 | — |
| Bruce Fernandes CPA MST | Director | 1 | — |
| James P Sabra | Director | 1 | — |
| Martin Schwalm | Director | 1 | — |
| R Christian Lafrance | Director | 1 | — |
| James Wallace | Director | 1 | — |
| Kenneth R Rezendes | Director | 1 | — |
| Matthew Burke | Director | 1 | — |
| Jeffrey Pagliuca | Director | 1 | — |
| Paul Carrigg | Director | 1 | — |
| Daniel Abraham | Director | 1 | — |
| Michael Bushell | Director | 1 | — |
| Stephen Karam | Director | 1 | — |
| Shaun O'Hearn Jr | Director | 1 | — |
| Robert Bogan | Past President | 1 | — |
Frequently Asked Questions
How large is Greater Fall River Development Corp?
As of 2025, Greater Fall River Development Corp holds $9.9M in total assets with $676K in annual revenue. It awarded 5 grants totaling $138K in 2025.
Where does Greater Fall River Development Corp operate?
Greater Fall River Development Corp has awarded grants in Massachusetts.
What size grants does Greater Fall River Development Corp award?
In 2025, Greater Fall River Development Corp awarded 5 grants totaling $138K — an average of about $28K per grant, based on its IRS Form 990 filings.
What is Greater Fall River Development Corp's EIN?
Greater Fall River Development Corp's EIN (Employer Identification Number) is 04-2171799. IRS Form 990 filing data is available on this page for 2020–2025.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.