Residents First Development Corp
- Assets
- $492.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lowell, MA
- Founding
- 02/1996
- Data as of
- 05/2022
- EIN
- 04-3282997
Organization Overview
Residents First Development Corp is located in Lowell, 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
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE FUNDS FOR LOW, MODERATE AND MIDDLE INCOME INDIVIDUALS IN LOWELL, MASSACHUSETTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven C Panagiotakos Director | 5 | $0 | |
Diane Silva Prestreas | 10 | $0 | |
Janet C Meehan Director | 5 | $0 | |
Bruce Akashian Director | 1 | $0 | |
Robert R Gilman Clerkdirector | 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 | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $2 |
| 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 | $5,681 |
| Occupancy, rent, utilities, and maintenance | $4,064 |
| Printing, publications, postage, and shipping | $246 |
| Other expenses | $0 |
| Total expenses | $9,991 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,946 |
| Other assets | $0 |
| Total assets | $492,398 |
| Total liabilities | $914,026 |
| Net assets or fund balances | -$421,628 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fit-Nhnh Inc Manchester, NH | $20,051,648 | $10,413,245 |
Cambridge Community Housing Development Inc Cambridge, MA | $56,982,552 | $7,704,327 |
New Samaritan Corporation Inc Storrs, CT | $12,270,724 | $7,624,848 |
Providence Housing Development Corporation Rochester, NY | $12,131,024 | $9,484,321 |
Equinox Inc Albany, NY | $7,754,124 | $11,254,428 |
Rochester Management Inc Rochester, NY | $15,106,778 | $10,149,651 |
Jerome Avenue Care For The Homeless New York, NY | $8,771,577 | $9,215,112 |
Oub Court Housing Company Inc Bronx, NY | $15,971,755 | $7,036,525 |
Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc Garden City, NY | $32,454,650 | $10,208,365 |
Evernorth Burlington, VT | $26,020,823 | $8,207,006 |
Hebrew Home Housing Development Fund Co Inc Bronx, NY | $13,025,058 | $6,258,776 |
Mishawum Park Tenants Association Inc Braintree, MA | $36,767,027 | $4,697,884 |