Capital Regional Development Council
- Assets
- $15.0m
- Revenue
- $978.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Concord, NH
- Founding
- 05/1996
- Data as of
- 09/2022
- EIN
- 02-0455162
Organization Overview
Capital Regional Development Council is located in Concord, NH. The organization was established in 1996. 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. As of 09/2022, Capital Regional Development Council employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Regional Development Council 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 09/2022, Capital Regional Development Council generated $978.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $927.0k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ECONOMIC DEVELOPMENT SERVICES IN THE STATE OF NEW HAMPSHIRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRDC OFFERS PROGRAMS FOR FINANCING SMALL BUSINESSES THROUGH A VARIETY OF BUSINESS LOAN PROGRAMS SOURCED FROM THE U.S. SMALL BUSINESS ADMINISTRATION, THE US DEPARTMENT OF AGRICULTURE RURAL DEVELOPMENT, THE US ENVIRONMENTAL PROTECTION AGENCY, THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. LENDING PROGRAMS ARE DESIGNED TO CREATE NEW JOBS OR PRESERVE EXISTING JOBS, EXPAND EXPORTS, AID RURAL DEVELOPMENT, INCREASE PRODUCTIVITY AND COMPETITIVENESS AND MODERNIZE OR UPGRADE FACILITIES TO MEET HEALTH, SAFETY AND ENVIRONMENTAL REQUIREMENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen A Heavener Executive Vice President | Officer | 40 | $188,990 |
Jennifer Boulanger Loan Officer | 40 | $166,972 | |
Thomas Sullivan Secretary | OfficerTrustee | 2 | $0 |
Joe Conway Treasurer | OfficerTrustee | 2 | $0 |
Henry Veilleux President | OfficerTrustee | 2 | $0 |
Ryan Audley Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,000 |
| Total Program Service Revenue | $892,815 |
| Investment income | $25,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,044 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $977,983 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $211,797 |
| Compensation of current officers, directors, key employees. | $135,415 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $390,690 |
| Pension plan accruals and contributions | $11,503 |
| Other employee benefits | $29,961 |
| Payroll taxes | $40,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,529 |
| Fees for services: Accounting | $36,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,476 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,948 |
| Office expenses | $12,790 |
| Information technology | $15,926 |
| Royalties | $0 |
| Occupancy | $17,037 |
| Travel | $7,840 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,004 |
| Interest | $57,528 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,640 |
| Insurance | $18,184 |
| All other expenses | $0 |
| Total functional expenses | $926,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,993 |
| Savings and temporary cash investments | $4,327,071 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,876 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,197,246 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $485,269 |
| Investments—publicly traded securities | $927,515 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,224 |
| Total assets | $14,984,194 |
| Accounts payable and accrued expenses | $74,206 |
| Grants payable | $0 |
| Deferred revenue | $2,865 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,369,494 |
| Unsecured mortgages and notes payable | $400,000 |
| Other liabilities | $0 |
| Total liabilities | $4,846,565 |
| Net assets without donor restrictions | $3,883,132 |
| Net assets with donor restrictions | $6,254,497 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,984,194 |
Grants Awarded
Over the last fiscal year, Capital Regional Development Council has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF FRANKLIN PURPOSE: CRDC COMMUNITY GRANT FOR A MARKETING VIDEO | $5,000 |
TOWN OF NEWPORT PURPOSE: CRDC COMMUNITY GRANT FOR THE WORKFORCE CHILDCARE CENTER | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quincy Community Action Programs Inc Quincy, MA | $14,865,186 | $43,148,267 |
Community Crossroads Inc Atkinson, NH | $8,920,461 | $38,376,189 |
Community Action Pioneer Valley Inc Greenfield, MA | $7,969,732 | $29,838,934 |
Citizens For Citizens Inc Fall River, MA | $12,279,316 | $29,399,731 |
Champlain Valley Office Of Economic Opportunity Inc Burlington, VT | $10,365,221 | $26,250,415 |
South Shore Community Action Council Inc Plymouth, MA | $12,504,709 | $24,231,175 |
Community Health Programs Inc Great Barrington, MA | $12,016,814 | $22,279,399 |
Veterans Inc Worcester, MA | $18,236,837 | $18,440,204 |
Codman Square Neighborhood Development Corporation Dorchester, MA | $49,534,179 | $9,221,133 |
Broc-Community Action In Southwestern Vermont Rutland, VT | $4,592,577 | $9,366,618 |
York County Shelter Programs Inc Alfred, ME | $7,515,033 | $5,469,246 |
Urban Edge Housing Corp Roxbury, MA | $48,065,772 | $13,249,471 |