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  4. Granite State Economic Development Corporation (GSDC)
EIN 02-0385121

Granite State Economic Development Corporation (GSDC)

IRS 501(c) type
501(c)(4)
Num. employees
30
City
Portsmouth
State
New Hampshire
Year formed
1982
Most recent tax filings
2022-09-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
GSDC is the most active certified development company (CDC) in New England and provide financing in the states of Maine, Massachusetts, New Hampshire and Vermont.
Total revenues
$9,324,758
2022
Total expenses
$8,300,783
2022
Total assets
$20,832,618
2022
Num. employees
30
2022

Program areas at GSDC

To create Economic Development by assisting businesses to acquire sba 504 financing to expand their businesses by acquiring, renovating or constructing real estate and/or acquiring machinery & equipment. The expanded businesses lead to the creation and/or retention of jobs within the states of operations, including Maine, new hampshire, Vermont and Massachusetts.

Grants made by GSDC

GranteeAmount
Big Brothers Big Sisters New Hampshire$10,000
United Teen Equality Center (UTEC)$10,000
Vermont Community Loan Fund$10,000
...and 1 more grant made

Personnel at GSDC

NameTitleCompensation
Scott GardinerPresident and Chief Executive Officer / Executive Vice President$382,945
Fred PalazzoloSenior Vice President Executive Credit Officer$304,747
Carissa MurrayKey Employee / Assistant Vice President Portfolio Manager / Employee$144,083
Pamela BaileyVice President Compliance Officer
Brant AbrahamVice President
...and 13 more key personnel

Financials for GSDC

RevenuesFYE 09/2022
Total grants, contributions, etc.$0
Program services$8,706,383
Investment income and dividends$603,833
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$14,542
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$9,324,758

Form 990s for GSDC

Fiscal year endingDate received by IRSFormPDF link
2021-092022-01-11990View PDF
2020-092021-06-30990View PDF
2019-092020-10-16990View PDF
2018-092019-05-14990View PDF
2017-092018-03-14990View PDF
...and 7 more Form 990s
Data update history
April 16, 2022
Updated personnel
Identified 1 new personnel
October 17, 2021
Posted financials
Added Form 990 for fiscal year 2020
October 3, 2021
Used new vendors
Identified 1 new vendor, including
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
May 25, 2021
Used new vendors
Identified 4 new vendors, including , , , and
Nonprofit Types
Business and community development organizations
Issues
Economic developmentBusiness and industry
Characteristics
State / local level
General information
Address
1 Cate St 3rd Floor
Portsmouth, NH 03801
Metro area
Boston-Cambridge-Newton, MA-NH
County
Rockingham County, NH
Website URL
granitestatedev.com/ 
Phone
(603) 436-0009
Facebook page
GraniteStateDevelopment 
Twitter profile
@gsdc504 
IRS details
EIN
02-0385121
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1982
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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