Nectar Community Investments Inc

Public charity · Grantmaker Lawrence, MA EIN: 04-3571892

Grow the assets and wealth of historically disinvested individuals and their communities by providing a combination of robust advice, resourced networks and capital in the merrimack valley and across Massachusetts.

Key facts about Nectar Community Investments Inc

In short: Nectar Community Investments Inc gave $543K across 6 grants in 2024 (avg $90K), mostly in Massachusetts. Source: 2024 IRS Form 990.

EIN
04-3571892
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$542,527
Grants made (2024)
6
Average grant
$90,421
Median grant
$68,083
Total assets
$24,176,225
Primary geography
Massachusetts (100% of itemized 2024 grant dollars)

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$24.2M

+20.8% YoY

Annual Giving

$543K

+73.9% YoY

Grant Count

6

+100.0% YoY

Avg Grant Size

$90K

-13.1% YoY

How Nectar Community Investments Inc gives

  • Giving grew 596% from 2021 to 2024. Method

From the foundation's IRS Form 990 filings. Methodology.

About Nectar Community Investments Inc

Based on IRS filings

Nectar Community Investments Inc is a public charity focused on Housing & Shelter, based in Lawrence, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $24.2M in total assets. In 2024, it awarded 6 grants totaling $543K. Net investment income was $237K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2024 grant dollars across all 6 itemized grants.

Cities

LawrenceAndoverBostonConcordDracutJamaica PlainLowellMethuenNorht AndoverNorth AndoverRevereRoslindaleWest Roxbury

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600KTotal only2020 13 grants2021 6 grants2022 3 grants2023 6 grants2024

From 2020 to 2024, annual grant giving ranged from $41K (2022) to $543K (2024). In 2024 it made 6 grants totaling $543K.

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Archipelago Strategies Group Inc: $188KArchipelago Strategies GroupInc$188KThe Boston Foundation: $120KThe Boston Foundation$120KGreater Lawrence Community Action Council Inc: $78KGreater Lawrence CommunityAction Council Inc$78KAll in Energy: $58KAll in Energy$58KTBM Consulting: $53KTBM Consulting$53KAbode Energy Management: $46KAbode Energy Management$46K

The largest 2024 recipient was Archipelago Strategies Group Inc ($188K). Together the top 6 received $543K.

Grant Size Distribution

28 grants across all recorded years

21<$50K3$50–100K4$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 21 grants of 28 (75%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Archipelago Strategies Group Inc West Roxbury, MABusiness Support$187,500
The Boston Foundation Boston, MAPass-Through Grant$120,000
Greater Lawrence Community Action Council Inc Lawrence, MABusiness Support$77,875
All in Energy Roslindale, MABusiness Support$58,291
TBM Consulting Jamaica Plain, MABusiness Support$53,359
Abode Energy Management Concord, MABusiness Support$45,502

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$2.5M$5M$7.5M$10M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$24,176,225$20,012,349$14,450,665
Revenue$6,745,373$6,574,062$8,158,806
Expenses$5,899,985$5,652,803$3,434,867
Net Investment Income$237,048$100,109$3,509

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS June 13, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS October 15, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Nectar Community Investments Inc is led by Glynn Lloyd, Executive Director since 2024 (on filings since 2021); 5 of 19 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Glynn Lloyd

    Executive Director

    Executive Di → Executive Director, 2024

    On filings since 2021

    40 hrs/week

    $46K (2022) → $214K (2024)

  • Malia Lazu

    President

    On filings since 2022

    5 hrs/week

    No compensation reported

  • Lissette Paukert

    Residential Services Director

    New on the 2024 filing

    40 hrs/week

    $100K (2024)

  • Abbott Lawrence

    Director

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Arleen Zorrila

    Outgoing Director

    Director → Outgoing Director, 2024

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Kristen Harol

    Outgoing Director

    President → Assistant Cl, 2022

    Assistant Cl → Outgoing Director, 2024

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Lisa Torissi

    Outgoing Director

    Director → Outgoing Director, 2024

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Michele Witts

    Director

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Yun-Ju Choi

    Outgoing Director

    Clerk → Vice President, 2022

    Vice President → Outgoing Director, 2024

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Matthew Hanson

    Director

    On filings since 2022

    5 hrs/week

    No compensation reported

  • Nancy Stager

    Director

    On filings since 2022

    5 hrs/week

    No compensation reported

  • Orlando Watkins

    Director

    On filings since 2022

    5 hrs/week

    No compensation reported

  • Quincy Miller

    Director

    On filings since 2022

    5 hrs/week

    No compensation reported

  • Daniel Rivera

    Director

    New on the 2024 filing

    5 hrs/week

    No compensation reported

  • Aaron Lackman

    Commercial Lending

    Commercial L → Commercial Lending, 2024

    On filings since 2023

    40 hrs/week

    $103K (2023) → $112K (2024)

  • Alexandra Nova

    COO

    Senior Director Strat → COO, 2024

    On filings since 2023

    40 hrs/week

    $122K (2023) → $143K (2024)

  • Dan Plowden

    CFO

    New on the 2024 filing

    40 hrs/week

    $151K (2024)

  • Abel Vargas

    Clerk

    Director → Clerk, 2022

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Lisa Kozol

    Treasurer

    V.p. & Treasurer → Treasurer, 2022

    On filings since 2020

    5 hrs/week

    No compensation reported

Former officers (5)
  • Former: Maria Natera (2020–2021) — Director
  • Former: Waturu Matsuyasu (2020–2021) — Director
  • Former: Francisco Carvalho (2020) — Executive Director T
  • Former: Gregg Davis (2020) — Interim CEO
  • Former: Vivian Hayder (2020) — Director

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Glynn Lloyd — Executive Director: $214KGlynn LloydExecutive Director$214KDan Plowden — CFO: $151KDan PlowdenCFO$151KAlexandra Nova — COO: $143KAlexandra NovaCOO$143KAaron Lackman — Commercial Lending: $112KAaron LackmanCommercial Lending$112KLissette Paukert — Residential Services Director: $100KLissette PaukertResidential Services Director$100K

The highest reported compensation on the 2024 filing was $214K, to Glynn Lloyd (Executive Director). 5 officers or directors reported compensation on that filing.

Frequently asked questions about Nectar Community Investments Inc

How much does Nectar Community Investments Inc give each year?

Nectar Community Investments Inc gave $543K across 6 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $312K across 3 grants.

What is Nectar Community Investments Inc's typical grant size?

Nectar Community Investments Inc's median grant in 2024 was $68,083, and its average grant was $90,421, across 6 grants on its 2024 IRS Form 990.

Where does Nectar Community Investments Inc give grants?

Nectar Community Investments Inc gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there.

Does Nectar Community Investments Inc give general operating support?

Not in 2024: none of the 6 grants with a stated purpose on Nectar Community Investments Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Business Support" (5 grants).

Who are Nectar Community Investments Inc's largest grantees?

Nectar Community Investments Inc's largest 2024 grantees include Archipelago Strategies Group Inc ($187,500), The Boston Foundation ($120,000) and Greater Lawrence Community Action Council Inc ($77,875), according to its 2024 IRS Form 990. Together they received 71% of its itemized 2024 grant dollars.

How large is Nectar Community Investments Inc?

Nectar Community Investments Inc reported $24.2M in total assets on its 2024 IRS Form 990. Its revenue that year was $6.7M.

What is Nectar Community Investments Inc?

Nectar Community Investments Inc is a public charity focused on Housing & Shelter, based in Lawrence, MA. It holds $24.2M in total assets as of 2024.

What is Nectar Community Investments Inc's EIN?

Nectar Community Investments Inc's EIN (Employer Identification Number) is 04-3571892. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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