New Garden Park Inc

Organization Overview

New Garden Park Inc is located in Worcester, MA. The organization was established in 2007. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Garden Park Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, New Garden Park Inc generated $21.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.0% each year . All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 5.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO CARRY OUT AND OPERATE FOR THE BENEFIT OF THE CHARITABLE PURPOSE OF THE WORCESTER BUSINESS DEVELOPMENT CORPORATION (WBDC) AND LESSEN THE BURDENS OF GOVERNMENT BY COMBATING COMMUNITY DETERIORATION AND ENABLING ECONOMIC DEVELOPMENT BY PROVIDING INFRASTRUCTURE IN DISTRESSED AREAS THROUGH THE ACQUISTION, HOLDING, OWNING, MAINTENANCE, IMPROVEMENT, LEASE, FINANCE, REFINANCE, SELLING, EXCHANGE OR OTHER DISPOSITION OF ALL OR PART OF ITS PROPERTIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO LESSEN THE BURDENS OF GOVERNMENT BY COMBATING COMMUNITY DETERIORATION AND ENABLING ECONOMIC DEVELOPMENT BY PROVIDING INFRASTRUCTURE IN DISTRESSED AREAS.


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Board, Officers & Key Employees

Name (title)Compensation
Craig L Blais
President &
$0
Todd Rodman
Vice Chair
$0
Troy Siebels
Treasurer
$0
Jill Dagilis
Chair
$0
Karen Duffy
Clerk
$0
Katherine Badgis
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$20,506,877
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$20,506,877
Total Program Service Revenue$375,818
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $136,831
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $21,019,526

Grants Recieved

Over the last fiscal year, we have identified 1 grants that New Garden Park Inc has recieved totaling $50,000.

Awarding OrganizationAmount
Stoddard Charitable Trust

Worcester, MA

PURPOSE: SUPPORT OF THE MULTI-YEAR BLACK BOX

$50,000
View Grant Recipient Profile

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