North Central Massachusetts Development Corporation
North Central Massachusetts Development Corporation (NCMDC) is a public charity based in Fitchburg, Massachusetts. Formed in 1986, it works to expand economic development in North Central Massachusetts through small-business lending, marketing, and business assistance.
North Central Massachusetts Development Corporation at a glance
- Total assets
- $6,620,194
- -2.3% vs 2024
- Revenue (2025)
- $675,962
- -42.9% vs 2024
- Net investment income (2025)
- $94,857
- +48.5% vs 2024
- Expenses (2025)
- $681,228
- -37.2% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
How to apply to North Central Massachusetts Development Corporation
- Contact
Mailing address: 860 South Street, Fitchburg, MA 01420
Phone: (978) 353-7600
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who North Central Massachusetts Development Corporation funds
Geographic Focus
Where this funder awards grants
NCMDC’s stated focus is economic development in North Central Massachusetts. Its website says its small-business loans are available to businesses in Worcester and Middlesex Counties.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2021, annual grant giving ranged from $631K (2019) to $1.8M (2021). In 2021 it reported $1.8M in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $6,620,194 | $675,962 | $681,228 | — | — | $94,857 |
| 2024 | $6,778,854 | $1,183,997 | $1,085,539 | — | — | $63,898 |
| 2023 | $6,873,771 | $1,614,235 | $1,247,983 | — | — | $18,933 |
| 2022 | $7,059,159 | $2,376,134 | $1,292,443 | — | — | $927 |
| 2021 | $6,248,244 | $3,602,305 | $2,555,056 | $1,780,254 | Total only | $102,404 |
| 2020 | $3,393,831 | $1,040,476 | $1,771,410 | $1,210,401 | 48 | $93,461 |
| 2019 | $2,541,485 | $659,999 | $1,004,364 | $631,000 | 14 | $94,145 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
NCMDC’s stated mission is to expand economic development in North Central Massachusetts by providing marketing and lending opportunities to small businesses in cooperation with federal and state agencies. Its filing describes two program areas: alternative lending for small businesses and economic development through marketing, newsletters, websites, and mailing lists.
The organization’s website says it provides business loans and technical assistance to support emerging microenterprises, small businesses, and community projects, working with local banks, credit unions, chambers of commerce, and area nonprofits.
Grantmaking
NCMDC’s website describes lending and business assistance, rather than grants to outside applicants. Its website lists loans of up to $250,000 for real estate and $150,000 for working capital, with no minimum loan amount. It says loans are available to start-ups and existing small businesses in Worcester and Middlesex Counties. The website also describes technical assistance and business education.
The IRS filing data lists zero grants for 2023, 2024, and 2025. No grant application process or deadline is stated.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists the following officers and directors:
- Raymond Martino, Chairman
- David Duval, Vice Chair
- Roy Nascimento, President and Treasurer
- Raymond Lafond, Clerk
- Karen Thorne, Director
- Anthony Mercadante, Director
- Jay Champion, Director
- Mark Freeman, Director
- Christina DiRusso, Director
North Central Massachusetts Development Corporation is led by Roy Nascimento, President & Treasurer since 2022 (on filings since 2019); none of the 9 officers listed in 2025 report compensation.
Officers on the 2025 filing
Roy Nascimento
President & Treasurer
President & Treasruer → President & Treasurer, 2022
On filings since 2019
18 hrs/week
No compensation reported
Raymond J. Martino
Chairman
Director → Chairman, 2024
On filings since 2019
1 hr/week
No compensation reported
Karen Thorne
Director
On filings since 2019
1 hr/week
No compensation reported
Christina Dirusso
Director
On filings since 2021
1 hr/week
No compensation reported
Mark Freeman
Director
On filings since 2022
1 hr/week
No compensation reported
Anthony Mercadante
Director
On filings since 2023
1 hr/week
No compensation reported
Jay Champion
Director
New on the 2025 filing
1 hr/week
No compensation reported
David Duval
Vice Chair
Director → Vice Chair, 2024
On filings since 2019
1 hr/week
No compensation reported
Raymond Lafond
Clerk
On filings since 2019
1 hr/week
No compensation reported
Former officers (4)
- Former: Trevor Beauregard (2019–2024) — Director
- Former: Scott Barrett (2019–2022) — Director
- Former: Bill Brassard (2019–2021) — Director
- Former: William Mullin (2019–2020) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about North Central Massachusetts Development Corporation
How large is North Central Massachusetts Development Corporation?
North Central Massachusetts Development Corporation reported $6.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $676K.
What does North Central Massachusetts Development Corporation fund?
NCMDC’s stated mission is to expand economic development in North Central Massachusetts by providing marketing and lending opportunities to small businesses in cooperation with federal and state agencies. See mission & focus areas ↑
How do I apply for a grant from North Central Massachusetts Development Corporation?
North Central Massachusetts Development Corporation has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
Where does North Central Massachusetts Development Corporation make grants?
NCMDC’s stated focus is economic development in North Central Massachusetts. Its website says its small-business loans are available to businesses in Worcester and Middlesex Counties.
What is North Central Massachusetts Development Corporation's EIN?
North Central Massachusetts Development Corporation's EIN (Employer Identification Number) is 04-2966372. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS February 15, 2021)
- Added Form 990 for fiscal year 2019 (received by the IRS January 30, 2020)
- Updated Form 990 for fiscal year 2021 (received by the IRS February 10, 2022)
- Added Form 990 for fiscal year 2025 (received by the IRS May 18, 2026)
- IRS filings on file for fiscal years 2020–2024
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