North Central Massachusetts Development
NORTH CENTRAL MASSACHUSETTS DEVELOPMENT is a public charity based in Fitchburg, Massachusetts. Formed in 1986, it supports economic development in North Central Massachusetts through marketing and alternative lending opportunities for small businesses.
Key facts about North Central Massachusetts Development
- EIN
- 04-2966372
- Latest 990 filing
- Form 990, 2025
- Total assets
- $6,620,194
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$6.6M
-2.3% YoY
Revenue
$676K
-42.9% YoY
Net Investment Income
$95K
+48.5% YoY
Expenses
$681K
-37.2% YoY
Mission & Focus Areas
The organization states that its 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 alternative lending for small businesses and marketing through newsletters, websites, and mailing lists.
Grantmaking
The available filing data reports a grant count of 0 for each of 2023, 2024, and 2025. The organization’s stated activities center on lending and marketing opportunities, rather than reported grants to outside organizations. Grant amounts and typical grant size are not reported.
Grant Range
are not reported.
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Geographic Focus
Where this funder awards grants
States
Cities
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.
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant count |
|---|---|---|---|---|
| 2025 | $6,620,194 | $675,962 | $681,228 | 0 |
| 2024 | $6,778,854 | $1,183,997 | $1,085,539 | 0 |
| 2023 | $6,873,771 | $1,614,235 | $1,247,983 | 0 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $6,620,194 | $6,778,854 | $6,873,771 |
| Revenue | $675,962 | $1,183,997 | $1,614,235 |
| Expenses | $681,228 | $1,085,539 | $1,247,983 |
| Net Investment Income | $94,857 | $63,898 | $18,933 |
Data update history
When this profile's IRS filing data changed on Grantable
- 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
Leadership & Key People
Leadership team and compensation from IRS filings
Officers and directors listed on the 2025 filing are Raymond Martino, chairman; Karen Thorne, director; David Duval, vice chair; Anthony Mercadante, director; Raymond Lafond, clerk; Jay Champion, director; Mark Freeman, director; Roy Nascimento, president and treasurer; and Christina DiRusso, director.
North Central Massachusetts Development 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.
Contact
Mailing address: 860 South Street, Fitchburg, MA 01420
Phone: (978) 353-7600
Website: https://choosenorthcentral.com
Frequently asked questions about North Central Massachusetts Development
How large is North Central Massachusetts Development?
North Central Massachusetts Development reported $6.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $676K.
What does North Central Massachusetts Development fund?
The organization states that its 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?
The available filing data reports a grant count of 0 for each of 2023, 2024, and 2025. The organization’s stated activities center on lending and marketing opportunities, rather than reported grants to outside organizations. Grant amounts and typical grant size are not reported.
What is North Central Massachusetts Development's EIN?
North Central Massachusetts Development's EIN (Employer Identification Number) is 04-2966372. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
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