Greenfield Industrial Development Area Corporation
- Assets
- $497.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Greenfield, MA
- Founding
- 11/1970
- Data as of
- 12/2022
- EIN
- 23-7085941
Organization Overview
Greenfield Industrial Development Area Corporation is located in Greenfield, MA. The organization was established in 1970. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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. Greenfield Industrial Development Area Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Greenfield Industrial Development Area Corporation generated $4.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $1.7k during the year ending 12/2022. While expenses have increased by 14.0% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
REAL ESTATE DEVELOPMENT TO ENCOURAGE BUSINESS DEVELOPMENT AND GROWTH. THE CORPORATION LOANED FUNDS TO A SMALL BUSINESS TO PAY FOR BUILDING RENOVATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Mcmahan Director | 0.05 | $0 | |
Kevin O'neil Director (to 8/9/2022) | 0.05 | $0 | |
Andrew Bresciano President/treasurer | 0.25 | $0 | |
Michelle Laurie Vice President/clerk | 0.05 | $0 | |
Alan Blanker Director | 0.05 | $0 | |
Scott Cote Director | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,080 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,080 |
| 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 | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $887 |
| Total expenses | $1,687 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $467,662 |
| Other assets | $0 |
| Total assets | $497,770 |
| Total liabilities | $10,504 |
| Net assets or fund balances | $487,266 |