North Central Massachusetts Development
TO EXPAND ECONOMIC DEVELOPMENT IN NORTH CENTRAL MASSACHUSETTS BY PROVIDING A VARIETY OF MARKETING AND LENDING OPPORTUNITIES TO SMALL BUSINESSES IN COOPERATION WITH VARIOUS FEDERAL AND STATE AGENCIES.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.8M
-1.4% YoY
Revenue
$1.2M
-26.7% YoY
Net Investment Income
$64K
+237.5% YoY
Expenses
$1.1M
-13.0% YoY
About North Central Massachusetts Development
Based on IRS filings
North Central Massachusetts Development is a nonprofit organization, based in FITCHBURG, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.8M in total assets. Net investment income was $64K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,778,854 | $6,873,771 | $7,059,159 |
| Revenue | $1,183,997 | $1,614,235 | $2,376,134 |
| Expenses | $1,085,539 | $1,247,983 | $1,292,443 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $63,898 | $18,933 | $927 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
48 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RAYMOND MARTINO | CHAIRMAN | 1 | — |
| KAREN THORNE | DIRECTOR | 1 | — |
| DAVID DUVAL | VICE CHAIR | 1 | — |
| ANTHONY MERCADANTE | DIRECTOR | 1 | — |
| RAYMOND LAFOND | CLERK | 1 | — |
| TREVOR BEAUREGARD | DIRECTOR | 1 | — |
| MARK FREEMAN | DIRECTOR | 1 | — |
| ROY NASCIMENTO | PRESIDENT, TREASURER | 18 | — |
| CHRISTINA DIRUSSO | DIRECTOR | 1 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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