Residents First Development Corp
- Assets
- $492.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly, MA
- Founding
- 02/1996
- Data as of
- 05/2024
- EIN
- 04-3282997
Organization Overview
Residents First Development Corp is located in Beverly, MA. The organization was established in 1996. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Residents First Development Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
TO PROVIDE FUNDS FOR LOW, MODERATE AND MIDDLE INCOME INDIVIDUALS IN LOWELL, MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Silva Prestreas | 10 | $0 | |
Steven C Panagiotakos Director | 5 | $0 | |
Janet C Meehan Director | 5 | $0 | |
Robert R Gilman Clerkdirector | 1 | $0 | |
Bruce Akashian Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $800 |
| Occupancy, rent, utilities, and maintenance | $739 |
| Printing, publications, postage, and shipping | $36 |
| Other expenses | $53 |
| Total expenses | $1,628 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,453 |
| Other assets | $0 |
| Total assets | $492,905 |
| Total liabilities | $914,026 |
| Net assets or fund balances | -$421,121 |