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Employer Identification Number 04-2603693

LOWELL DEVELOPMENT & FINANCIAL CORPORATION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:LOWELL DEVELOPMENT & FINANCIAL CORPORATION
Employer identification number (EIN):04-2603693
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations
401k Pension/Benefits registration LOWELL DEVELOPMENT & FINANCIAL CORPORATION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTHE LDFC IS A NONPROFIT DEVELOPMENT CORPORATION ESTABLISHED IN 1975 TO PROMOTE LOWELL'S ECONOMIC REVITALIZATION AND TO PROVIDE SECONDARY FINANCING FOR THE REHABILITATION AND ACQUISITION OF PROPERTIES IN LOWELL.
Number of Employees2
Number of Volunteers0
Year Formed1975

Organization Governance

Legal DomicileMA
Voting Members - Governing Body32
Voting Members - Independent32

Organization Financials

2025-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 120,007
Program Service Revenue from current yearUSD $ 138,832
Investment Income from prior yearUSD $ 120,921
Investment Income from current yearUSD $ 126,370
Other Revenue from prior yearUSD $ 181,994
Other Revenue from current yearUSD $ 127,631
Gross receipts from all sourcesUSD $ 430,563
Net assets / fund balances at end of fiscal yearUSD $ 5,497,860
Net assets / fund balances at beginning of fiscal yearUSD $ 6,146,975
Total liabilities at end of fiscal yearUSD $ 2,075,478
Total liabilities at beginning of fiscal yearUSD $ 2,371,961
Total assets at end of fiscal yearUSD $ 7,573,338
Total assets at beginning of fiscal yearUSD $ 8,518,936
Revenues less expenses for current yearUSD $ -649,115
Revenues less expenses for previous yearUSD $ -42,250
Total expenses for current yearUSD $ 1,079,678
Total expenses for previous yearUSD $ 500,786
Other expenses in current yearUSD $ 824,849
Other expenses in previous yearUSD $ 220,074
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 254,829
Employee salary and benefits paid in previous yearUSD $ 280,712
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 430,563
Total revenue in previous fiscal yearUSD $ 458,536
Contributions and grants from current yearUSD $ 37,730
Contributions and grants from previous yearUSD $ 35,614
Total of other revenueUSD $ 127,631
2024-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 123,358
Program Service Revenue from current yearUSD $ 120,007
Investment Income from prior yearUSD $ 35,589
Investment Income from current yearUSD $ 120,921
Other Revenue from prior yearUSD $ 310,597
Other Revenue from current yearUSD $ 181,994
Gross receipts from all sourcesUSD $ 458,536
Net assets / fund balances at end of fiscal yearUSD $ 6,146,975
Net assets / fund balances at beginning of fiscal yearUSD $ 6,189,225
Total liabilities at end of fiscal yearUSD $ 2,371,961
Total liabilities at beginning of fiscal yearUSD $ 941,057
Total assets at end of fiscal yearUSD $ 8,518,936
Total assets at beginning of fiscal yearUSD $ 7,130,282
Revenues less expenses for current yearUSD $ -42,250
Revenues less expenses for previous yearUSD $ 76,204
Total expenses for current yearUSD $ 500,786
Total expenses for previous yearUSD $ 425,006
Other expenses in current yearUSD $ 220,074
Other expenses in previous yearUSD $ 161,579
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 280,712
Employee salary and benefits paid in previous yearUSD $ 263,427
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 458,536
Total revenue in previous fiscal yearUSD $ 501,210
Contributions and grants from current yearUSD $ 35,614
Contributions and grants from previous yearUSD $ 31,666
Total of other revenueUSD $ 181,994
2023-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 177,711
Program Service Revenue from current yearUSD $ 123,358
Investment Income from prior yearUSD $ 8,396
Investment Income from current yearUSD $ 35,589
Other Revenue from prior yearUSD $ 89,730
Other Revenue from current yearUSD $ 310,597
Gross receipts from all sourcesUSD $ 501,210
Net assets / fund balances at end of fiscal yearUSD $ 6,189,225
Net assets / fund balances at beginning of fiscal yearUSD $ 5,459,772
Total liabilities at end of fiscal yearUSD $ 941,057
Total liabilities at beginning of fiscal yearUSD $ 843,077
Total assets at end of fiscal yearUSD $ 7,130,282
Total assets at beginning of fiscal yearUSD $ 6,302,849
Revenues less expenses for current yearUSD $ 76,204
Revenues less expenses for previous yearUSD $ -97,460
Total expenses for current yearUSD $ 425,006
Total expenses for previous yearUSD $ 466,679
Other expenses in current yearUSD $ 161,579
Other expenses in previous yearUSD $ 207,305
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 263,427
Employee salary and benefits paid in previous yearUSD $ 259,374
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 501,210
Total revenue in previous fiscal yearUSD $ 369,219
Contributions and grants from current yearUSD $ 31,666
Contributions and grants from previous yearUSD $ 93,382
Total of other revenueUSD $ 310,597
2022-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 147,360
Program Service Revenue from current yearUSD $ 177,711
Investment Income from prior yearUSD $ 21,649
Investment Income from current yearUSD $ 8,396
Other Revenue from prior yearUSD $ 303,829
Other Revenue from current yearUSD $ 89,730
Gross receipts from all sourcesUSD $ 369,219
Net assets / fund balances at end of fiscal yearUSD $ 5,459,772
Net assets / fund balances at beginning of fiscal yearUSD $ 5,557,232
Total liabilities at end of fiscal yearUSD $ 843,077
Total liabilities at beginning of fiscal yearUSD $ 775,652
Total assets at end of fiscal yearUSD $ 6,302,849
Total assets at beginning of fiscal yearUSD $ 6,332,884
Revenues less expenses for current yearUSD $ -97,460
Revenues less expenses for previous yearUSD $ 198,423
Total expenses for current yearUSD $ 466,679
Total expenses for previous yearUSD $ 274,415
Other expenses in current yearUSD $ 207,305
Other expenses in previous yearUSD $ 6,101
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 259,374
Employee salary and benefits paid in previous yearUSD $ 268,314
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 369,219
Total revenue in previous fiscal yearUSD $ 472,838
Contributions and grants from current yearUSD $ 93,382
Total of other revenueUSD $ 89,730
2021-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 177,388
Program Service Revenue from current yearUSD $ 147,360
Investment Income from prior yearUSD $ 30,005
Investment Income from current yearUSD $ 21,649
Other Revenue from prior yearUSD $ 122,157
Other Revenue from current yearUSD $ 303,829
Gross receipts from all sourcesUSD $ 472,838
Net assets / fund balances at end of fiscal yearUSD $ 5,557,232
Net assets / fund balances at beginning of fiscal yearUSD $ 5,316,908
Total liabilities at end of fiscal yearUSD $ 775,652
Total liabilities at beginning of fiscal yearUSD $ 933,242
Total assets at end of fiscal yearUSD $ 6,332,884
Total assets at beginning of fiscal yearUSD $ 6,250,150
Revenues less expenses for current yearUSD $ 198,423
Revenues less expenses for previous yearUSD $ -433,020
Total expenses for current yearUSD $ 274,415
Total expenses for previous yearUSD $ 762,570
Other expenses in current yearUSD $ 6,101
Other expenses in previous yearUSD $ 479,176
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 268,314
Employee salary and benefits paid in previous yearUSD $ 283,394
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 472,838
Total revenue in previous fiscal yearUSD $ 329,550
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 303,829
2020-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 179,055
Program Service Revenue from current yearUSD $ 177,388
Investment Income from prior yearUSD $ 27,110
Investment Income from current yearUSD $ 30,005
Other Revenue from prior yearUSD $ 107,500
Other Revenue from current yearUSD $ 122,157
Gross receipts from all sourcesUSD $ 332,313
Net assets / fund balances at end of fiscal yearUSD $ 5,316,908
Net assets / fund balances at beginning of fiscal yearUSD $ 5,749,928
Total liabilities at end of fiscal yearUSD $ 933,242
Total liabilities at beginning of fiscal yearUSD $ 893,710
Total assets at end of fiscal yearUSD $ 6,250,150
Total assets at beginning of fiscal yearUSD $ 6,643,638
Revenues less expenses for current yearUSD $ -433,020
Revenues less expenses for previous yearUSD $ -193,866
Total expenses for current yearUSD $ 762,570
Total expenses for previous yearUSD $ 507,531
Other expenses in current yearUSD $ 479,176
Other expenses in previous yearUSD $ 202,552
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 283,394
Employee salary and benefits paid in previous yearUSD $ 304,979
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 329,550
Total revenue in previous fiscal yearUSD $ 313,665
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 122,157
2019-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 178,023
Program Service Revenue from current yearUSD $ 179,055
Investment Income from prior yearUSD $ 14,186
Investment Income from current yearUSD $ 27,110
Other Revenue from prior yearUSD $ 182,568
Other Revenue from current yearUSD $ 107,500
Gross receipts from all sourcesUSD $ 313,665
Net assets / fund balances at end of fiscal yearUSD $ 5,749,928
Net assets / fund balances at beginning of fiscal yearUSD $ 5,935,796
Total liabilities at end of fiscal yearUSD $ 893,710
Total liabilities at beginning of fiscal yearUSD $ 1,909,771
Total assets at end of fiscal yearUSD $ 6,643,638
Total assets at beginning of fiscal yearUSD $ 7,845,567
Revenues less expenses for current yearUSD $ -193,866
Revenues less expenses for previous yearUSD $ -41,985
Total expenses for current yearUSD $ 507,531
Total expenses for previous yearUSD $ 616,762
Other expenses in current yearUSD $ 202,552
Other expenses in previous yearUSD $ 305,763
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 304,979
Employee salary and benefits paid in previous yearUSD $ 310,999
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 313,665
Total revenue in previous fiscal yearUSD $ 574,777
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 200,000
Total of other revenueUSD $ 107,500
2018-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 215,098
Program Service Revenue from current yearUSD $ 178,023
Investment Income from prior yearUSD $ 10,555
Investment Income from current yearUSD $ 14,186
Other Revenue from prior yearUSD $ 147,725
Other Revenue from current yearUSD $ 182,568
Gross receipts from all sourcesUSD $ 574,777
Net assets / fund balances at end of fiscal yearUSD $ 5,935,796
Net assets / fund balances at beginning of fiscal yearUSD $ 6,035,892
Total liabilities at end of fiscal yearUSD $ 1,909,771
Total liabilities at beginning of fiscal yearUSD $ 1,439,804
Total assets at end of fiscal yearUSD $ 7,845,567
Total assets at beginning of fiscal yearUSD $ 7,475,696
Revenues less expenses for current yearUSD $ -41,985
Revenues less expenses for previous yearUSD $ -90,149
Total expenses for current yearUSD $ 616,762
Total expenses for previous yearUSD $ 463,527
Other expenses in current yearUSD $ 305,763
Other expenses in previous yearUSD $ 185,996
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 310,999
Employee salary and benefits paid in previous yearUSD $ 277,531
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 574,777
Total revenue in previous fiscal yearUSD $ 373,378
Contributions and grants from current yearUSD $ 200,000
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 182,568
2017-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 344,625
Program Service Revenue from current yearUSD $ 215,098
Investment Income from prior yearUSD $ 20,759
Investment Income from current yearUSD $ 10,555
Other Revenue from prior yearUSD $ 539,262
Other Revenue from current yearUSD $ 147,725
Gross receipts from all sourcesUSD $ 373,378
Net assets / fund balances at end of fiscal yearUSD $ 6,035,892
Net assets / fund balances at beginning of fiscal yearUSD $ 6,155,046
Total liabilities at end of fiscal yearUSD $ 1,439,804
Total liabilities at beginning of fiscal yearUSD $ 1,633,323
Total assets at end of fiscal yearUSD $ 7,475,696
Total assets at beginning of fiscal yearUSD $ 7,788,369
Revenues less expenses for current yearUSD $ -90,149
Revenues less expenses for previous yearUSD $ 388,867
Total expenses for current yearUSD $ 463,527
Total expenses for previous yearUSD $ 515,779
Other expenses in current yearUSD $ 185,996
Other expenses in previous yearUSD $ 233,633
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 277,531
Employee salary and benefits paid in previous yearUSD $ 282,146
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 373,378
Total revenue in previous fiscal yearUSD $ 904,646
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 147,725
2015-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 234,732
Program Service Revenue from current yearUSD $ 274,912
Investment Income from prior yearUSD $ 412,812
Investment Income from current yearUSD $ 11,970
Other Revenue from prior yearUSD $ 60,000
Other Revenue from current yearUSD $ 72,521
Gross receipts from all sourcesUSD $ 359,403
Net assets / fund balances at end of fiscal yearUSD $ 6,309,057
Net assets / fund balances at beginning of fiscal yearUSD $ 6,577,639
Total liabilities at end of fiscal yearUSD $ 3,082,642
Total liabilities at beginning of fiscal yearUSD $ 3,069,008
Total assets at end of fiscal yearUSD $ 9,391,699
Total assets at beginning of fiscal yearUSD $ 9,646,647
Revenues less expenses for current yearUSD $ -236,441
Revenues less expenses for previous yearUSD $ 200,143
Total expenses for current yearUSD $ 595,844
Total expenses for previous yearUSD $ 507,401
Other expenses in current yearUSD $ 321,881
Other expenses in previous yearUSD $ 227,941
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 273,963
Employee salary and benefits paid in previous yearUSD $ 269,460
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 10,000
Total revenue in current fiscal yearUSD $ 359,403
Total revenue in previous fiscal yearUSD $ 707,544
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 72,521

Other Company Names associated with EIN

LOWELL DEVELOPMENT & FINANCIAL CORP

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 042603693

USA Location Address
660 SUFFOLK STREET
SUITE 120
LOWELL
MA
01854
Date first seen: 2007-01-01
Date last seen: 2025-12-31
USA Location Address
660 SUFFOLK STREET, SUITE 120
LOWELL
MA
01852
Date first seen: 2007-01-01
Date last seen: 2025-12-31
401k Sponsor USA Address
660 SUFFOLK ST., SUITE 120
LOWELL
MA
01854
Date first seen: 2007-01-01
Date last seen: 2025-10-30
401k Sponsor USA Address
660 SUFFOLK STREET, SUITE 120
LOWELL
MA
01854
Date first seen: 2007-01-01
Date last seen: 2025-12-31

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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