Greater Fall River Development Corporation
Business and job development.
Key facts about Greater Fall River Development Corporation
In short: Greater Fall River Development Corporation gave $138K across 5 grants in 2025 (avg $28K), mostly in Massachusetts. Source: 2025 IRS Form 990.
- EIN
- 04-2171799
- Latest 990 filing
- Form 990, 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, 2025; updated October 2026.
Financial Overview
From 2025 IRS Form 990 · 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
How Greater Fall River Development Corporation gives
- Giving held roughly steady from 2022 to 2025 (−12%). Method
From the foundation's IRS Form 990 filings. Methodology.
About Greater Fall River Development Corporation
Based on IRS filings
Greater Fall River Development Corporation is a public charity, 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 2025 grant dollars across all 5 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $138K (2025) to $2.2M (2024). In 2025 it made 5 grants totaling $138K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Holy Trinity School ($50K). Together the top 5 received $138K.
Grant Size Distribution
40 grants across all recorded years
The most common grant size was under $50K: 32 grants of 40 (80%).
Giving History
Grant recipients and amounts by year
| 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 |
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 |
| Net Investment Income | $676,091 | $528,415 | $616,712 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS September 4, 2020)
- Updated Form 990 for fiscal year 2021 (received by the IRS October 14, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS March 9, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS March 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS March 14, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS September 15, 2025)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
Greater Fall River Development Corporation is led by Paul M. Joncas, President since 2025 (on filings since 2020); 1 of 22 officers listed in 2025 is compensated.
Officers on the 2025 filing
Paul M. Joncas
President
Past President → Director, 2021
Director → President, 2025
On filings since 2020
1 hr/week
No compensation reported
Daniel Abraham
Director
Director → Vice President, 2024
Vice President → Director, 2025
On filings since 2020
1 hr/week
No compensation reported
F. Nelson Blount
Director
On filings since 2020
1 hr/week
No compensation reported
James P. Sabra
Director
On filings since 2020
1 hr/week
No compensation reported
James Wallace
Director
On filings since 2020
1 hr/week
No compensation reported
Kenneth R. Rezendes
Director
On filings since 2020
1 hr/week
No compensation reported
Martin Schwalm
Director
On filings since 2020
1 hr/week
No compensation reported
Matthew Burke
Director
On filings since 2020
1 hr/week
No compensation reported
Michael Bushell
Director
On filings since 2020
1 hr/week
No compensation reported
Paul Carrigg
Director
On filings since 2020
1 hr/week
No compensation reported
R. Christian Lafrance
Director
President → Past President, 2021
Past President → Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Shaun O'Hearn Jr.
Director
On filings since 2020
1 hr/week
No compensation reported
Stephen Karam
Director
On filings since 2020
1 hr/week
No compensation reported
Bruce Fernandes Cpa Mst
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jeffrey Pagliuca
Director
New on the 2025 filing
1 hr/week
No compensation reported
Peter Saulino Esq.
Clerk
On filings since 2020
1 hr/week
$2K (2020) → $250 (2025)
James Palumbo
Assistant Clerk
On filings since 2020
1 hr/week
No compensation reported
Jason M. Rua
Vice President
President → Director, 2024
Director → Vice President, 2025
On filings since 2020
1 hr/week
No compensation reported
Peter Cabral
Assistant Treasurer
On filings since 2020
1 hr/week
No compensation reported
Philip Pelletier
Vice President
Second Vice President → Vice President, 2023
On filings since 2020
1 hr/week
No compensation reported
Robert Bogan
Past President
First Vice President → President, 2023
President → Past President, 2025
On filings since 2020
1 hr/week
No compensation reported
Steven Kenyon
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Former officers (4)
- Former: Bruce Fernandes (2020–2024) — Director
- Former: John Silva (2020–2024) — Director
- Former: William Starck (2020–2024) — Director
- Former: Mark Pearson (2020) — Past Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $250, to Peter Saulino ESQ (Clerk).
Frequently asked questions about Greater Fall River Development Corporation
How much does Greater Fall River Development Corporation give each year?
Greater Fall River Development Corporation gave $138K across 5 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $2.2M across 7 grants.
What is Greater Fall River Development Corporation's typical grant size?
Greater Fall River Development Corporation's median grant in 2025 was $25,000, and its average grant was $27,674, across 5 grants on its 2025 IRS Form 990.
Where does Greater Fall River Development Corporation give grants?
Greater Fall River Development Corporation gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Fall River, MA (4 grants).
Who are Greater Fall River Development Corporation's largest grantees?
Greater Fall River Development Corporation's largest 2025 grantees include Holy Trinity School ($50,000), Junior Achievement of Southern Mass ($35,000) and People Incorporated ($25,000), according to its 2025 IRS Form 990. Together they received 79% of its itemized 2025 grant dollars.
How large is Greater Fall River Development Corporation?
Greater Fall River Development Corporation reported $9.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $676K.
What is Greater Fall River Development Corporation's EIN?
Greater Fall River Development Corporation's EIN (Employer Identification Number) is 04-2171799. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Greater Fall River Development Corporation by hand.
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