Leominster Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043299189 ✦ Leominster, MA ✦ Designated as a 501(c)(3)

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Overview

What is Leominster Development Corporation?

Leominster Development Corporation is a nonprofit organization situated in Leominster, Massachusetts. Their primary mission is to provide affordable housing to the community, achieved through housing rehabilitation projects. They work diligently to improve existing properties, ensuring that local residents have access to reasonably priced housing options.


Official website here: www.ncmhousing.org

Is Leominster Development Corporation legitimate?

Leominster Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leominster Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.ncmhousing.org

What is the mission statement of Leominster Development Corporation?

The Leominster Development Corporation is committed to fulfilling its mission by providing affordable housing. This is accomplished through their housing rehabilitation initiatives, which are targeted towards improving living conditions in various areas. The corporation's primary goal is to make housing more accessible and affordable for individuals and families in need. By focusing on housing rehabilitation, the Leominster Development Corporation aims to enhance the quality of life for its community members. The organization's efforts are designed to help individuals and families secure safe, comfortable, and affordable housing, thereby contributing to a more equitable and inclusive living environment.


Official website here: www.ncmhousing.org

Who is the CEO of Leominster Development Corporation?

Benjamin Gold is the Board Member of Leominster Development Corporation.


Official website here: www.ncmhousing.org

What is the revenue of Leominster Development Corporation?

Leominster Development Corporation's revenue in 2022 was $263,938.


Official website here: www.ncmhousing.org

Who are the executives of Leominster Development Corporation and what are their salaries?


Here are 4 key members and their salaries:


Michael Croteau (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neddy Latimer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Virginia Tocci (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin Gold (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ncmhousing.org

Where can I find the form 990 for Leominster Development Corporation?

Leominster Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ncmhousing.org

Learn more at the official website: www.ncmhousing.org

Mission Statement of Leominster Development Corporation

Leominster Development Corporation, a dedicated nonprofit organization, is committed to providing affordable housing solutions. Their mission is strategically focused on improving living conditions in the community by undertaking housing rehabilitation initiatives in Leominster, Massachusetts. This mission is centered around making housing more accessible and affordable for individuals and families who may otherwise struggle with high housing costs. By investing in housing rehabilitation, Leominster Development Corporation is making a significant impact on the lives of those in need, helping to create more stable and secure living environments.

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Impact




October, 2024

Leominster Development Corporation plays a vital role in enhancing the quality of life in Leominster, MA, by focusing on affordable housing initiatives. By actively engaging in housing rehabilitation, the organization addresses the critical need for safe and affordable living spaces in the community. This not only helps improve the overall housing stock but also boosts the local economy by creating jobs and increasing property values.

Through its efforts, the corporation contributes to neighborhood revitalization, fostering a sense of community among residents. By prioritizing affordable housing, it allows lower-income families to access stable housing, which is crucial for their well-being and stability. Leominster Development Corporation's work ultimately strengthens the social fabric of the area, ensuring that residents have a place they can truly call home.




This information is meant to be a general summary of Leominster Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$263,938 (2022)
Expenses
$315,834 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,574
  • Program Service Revenue: $262,364
  • Gross Receipts: $263,938

Assets and Liabilities:

  • Total Assets: $2,973,109
  • Total Liabilities: $2,693,828
  • Net Assets: $279,281

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Low Income Tenant Rents

Revenue

$262,364

Organization Details

Founding Year

1995

Principal Officer

Benjamin Gold

Main Address

100 Main Street, Leominster, MA, 01453

NTEE Category

Code: Z99 - Unknown

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