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EIN 04-3370097

Quaboag Valley Community Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
24
City
Ware
State
Massachusetts
Year formed
1997
Most recent tax filings
2023-06-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Quaboag Valley Community Development Corporation aims to improve the economy of the Quaboag Valley in Massachusetts by providing support to businesses in the region and investing capital in small businesses that are unable to obtain funding through conventional means.
Total revenues
$1,164,424
2023
Total expenses
$1,182,118
2023
Total assets
$2,176,851
2023
Num. employees
24
2023

Program areas at Quaboag Valley Community Development Corporation

To provide support to businesses located in the Quaboag region and support for the small business loan program of Quaboag Valley business assistance program by investing capital in small businesses that are unable to obtain capital through conventional means. In addition, we engage in Community economic Development activities that benefit low income underserved residents with a goal of reducing unemployment, reducing underemployment and providing job training and education.

Who funds Quaboag Valley Community Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Health Foundation of Central Massachusetts (HFCM)Quaboag Connector: Solutions for Rural Transportation$425,000
United Way of Massachusetts Bay and Merrimack ValleyCommunity Impact$100,151
Edward and Barbara Urban FoundationGeneral Fund$10,000
...and 1 more grant received

Personnel at Quaboag Valley Community Development Corporation

NameTitleCompensation
Sheila CuddyExecutive Director$57,446
Vincent McCaugheyPresident$0
Debra ChristensenTreasurer$0
Ronald ChristensenClerk$0
Robert BottomleyVice President$0

Financials for Quaboag Valley Community Development Corporation

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,044,716
Program services$112,635
Investment income and dividends$7,032
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$41
Total revenues$1,164,424

Form 990s for Quaboag Valley Community Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-13990View PDF
2022-062023-05-12990View PDF
2021-062022-05-12990View PDF
2020-062021-05-26990View PDF
2019-062020-09-25990View PDF
...and 11 more Form 990s
Data update history
July 15, 2024
Posted financials
Added Form 990 for fiscal year 2023
January 3, 2024
Received grants
Identified 2 new grant, including a grant for $425,000 from Health Foundation of Central Massachusetts (HFCM)
August 13, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 3, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 26, 2023
Received grants
Identified 1 new grant, including a grant for $100,151 from United Way of Massachusetts Bay and Merrimack Valley
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesCommunity improvementJobs and employmentEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
23 W Main St Suite 1
Ware, MA 01082
Metro area
Springfield, MA
County
Hampshire County, MA
Website URL
qvcdc.org/ 
Phone
(413) 967-3001
IRS details
EIN
04-3370097
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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