Common Ground Development Corporation: FY2021 Nonprofit Profile & Form 990 (EIN 03-0494844)

Revenue by fiscal year
FY2020	$828K
FY2021	$1.9M
FY2022	$855K
FY2023	$1.3M
FY2024	$280K
FY2025	$3.2M

Expenses by fiscal year
FY2020	$908K
FY2021	$652K
FY2022	$473K
FY2023	$652K
FY2024	$835K
FY2025	$665K

Net assets by fiscal year
FY2020	$993K
FY2021	$2.2M
FY2022	$2.6M
FY2023	$3.3M
FY2024	$2.7M
FY2025	$5.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Part of a larger organization · Schedule R

Common Ground Development Corporation files its own Form 990, but Schedule R discloses 9 related entities — figures on this page are for this EIN only, not the whole group.

Community Teamwork INC · Merrimack Valley Housing Services INC · Towne School Limited Partnership · Community Housing INC + 5 more · see all

Combined filings · FY2021 · 5 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is 1% of group revenue.

Group revenue

$139.4M

Group expenses

$132.6M

Group net assets

$10.0M

Community Teamwork INC · $136.0M rev · $13.9M net assets

Merrimack Valley Housing Services INC · $1.2M rev · −$5.7M net assets

Community Housing INC · $76K rev · $79K net assets

Stonybrook I Housing Services INC · $245K rev · −$484K net assets

Where the money goes

92 cents of each dollar spent went to programs.

92%

Program services 92% · $601K Management & general 8% · $51K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Glenn Goldman

President

$0Pt VII · Sec A

Jim Wilde

Vice Preside

$0Pt VII · Sec A

James Hogan

Treasurer

$0Pt VII · Sec A

Germaine Vigeant-Trudel

Assistant Tr

$0Pt VII · Sec A

Marie Sweeney

Clerk

$0Pt VII · Sec A

Tim Hirbour

Assistant Cl

$0Pt VII · Sec A

Douglas Deschenes

Director

$0Pt VII · Sec A

Jay Donovan

Director

$0Pt VII · Sec A

See Common Ground Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds affordable homes for low-income people in the Lowell area.

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Provided by the organization

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1 program · $601K · in their own filed words · FY2020

01

Community Development

Develop, own, and operate affordable housing for low and moderate income persons and families in lowell, ma, and other communities in northern massachusetts.

$601Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.9M

Ln 12

Gifts and grantsLn 1h$1.7M

Fees for servicesLn 2g$181K

Other incomeLn 4–11$27K

Money outPt IX

$652K

Ln 25

Programscol B$601K

Managementcol C$51K

Owns and owesPt X

$2.2M

net assets · Ln 32

Cash and savingsLn 1–2$159K

Total assetsLn 16$7.5M

LiabilitiesLn 26$5.3M

PeoplePt VI, VII

13

listed · VII A

PaidVII A0

Voting boardVI 1a12

IndependentVI 1b11

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.7M

Government grantsLn 1e$550K

Noncash giftsLn 1g$1.1M

Fees for servicesLn 2g$181K

Investment incomeLn 3$111

Other incomeLn 4–11$27K

Total revenueLn 12$1.9M

Assets in detailPt X, end of year

CashLn 1$159K

Cash and savings togetherLn 1–2$159K

Land, buildings, equipmentLn 10c$2.6M

Other assetsLn 15$3.9M

Total assetsLn 16$7.5M

LiabilitiesLn 26$5.3M

Net assetsLn 32$2.2M

OperationsPt I, VI

EmployeesI 50

VolunteersI 69

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$31K	$159K
Land, buildings, equipmentLn 10c	$2.8M	$2.6M
Total assetsLn 16	$5.1M	$7.5M
LiabilitiesLn 26	$4.1M	$5.3M
Net assetsLn 32	$993K	$2.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$43K	$43K
Other employee benefitsLn 9	$7K	$7K
Payroll taxesLn 10	$4K	$4K
Management feesLn 11a	$22K	$22K
Legal feesLn 11b	$854	$854
Accounting feesLn 11c	$49K		$49K
Advertising and promotionLn 12	$500	$500
Office expensesLn 13	$8K	$8K	$382
OccupancyLn 16	$230K	$230K
TravelLn 17	$58		$58
InterestLn 20	$131K	$131K
Depreciation, depletion and amortizationLn 22	$152K	$152K
Other expenses (24a–d)Ln 24	$6K	$4K	$2K
Total functional expensesLn 25	$652K	$601K	$51K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$3.2M	$665K	$2.5M	$5.2M	990 PDF
FY2024	$280K	$835K	−$554K	$2.7M	990 PDF
FY2023	$1.3M	$652K	$681K	$3.3M	990 PDF
FY2022	$855K	$473K	$382K	$2.6M	990 PDF
FY2021 Viewing	$1.9M	$652K	$1.2M	$2.2M	990 PDF
FY2020	$828K	$908K	−$80K	$993K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $1,860,970 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $644,111$1,653,051

I-9 Program service revenuePrior year $175,388$180,728

I-10 Investment incomePrior year $996$111

I-11 Other revenuePrior year $7,319$27,080

I-12 Total revenuePrior year $827,814$1,860,970

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $62,069$53,810

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $845,964$598,418

I-18 Total expensesPrior year $908,033$652,228

I-19 Revenue less expensesPrior year −$80,219$1,208,742

Part VI · Governance 11 of 12 board members independent, 1 to look at

VI-1a Voting members of the governing body12

VI-1b Independent voting members11

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $1,860,970 across 8 lines filed

VIII-1e Government grants$549,976

VIII-1f All other contributions, gifts and grants$1,103,075

VIII-1g Noncash contributions (included above)$1,103,075

VIII-1h Total contributions, gifts and grants$1,653,051

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $180,728$180,728

VIII-3 Investment incomeExcluded from tax $111$111

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $27,080$27,080

VIII-12 Total revenueRelated to mission $207,808 · Excluded from tax $111$1,860,970

Part IX · Statement of functional expenses $652,228 across 13 lines filed

IX-7 Other salaries and wagesPrograms $43,020$43,020

IX-9 Other employee benefitsPrograms $6,749$6,749

IX-10 Payroll taxesPrograms $4,041$4,041

IX-11a Management feesPrograms $22,354$22,354

IX-11b Legal feesPrograms $854$854

IX-11c Accounting feesManagement $48,758$48,758

IX-12 Advertising and promotionPrograms $500$500

IX-13 Office expensesPrograms $7,707 · Management $382$8,089

IX-16 OccupancyPrograms $229,531$229,531

IX-17 TravelManagement $58$58

IX-20 InterestPrograms $130,656$130,656

IX-22 Depreciation, depletion and amortizationPrograms $151,582$151,582

IX-24 Other expenses (24a–d)Programs $3,962 · Management $2,074$6,036

IX-25 Total functional expensesPrograms $600,956 · Management $51,272 · Fundraising $0$652,228

Part X · Balance sheet $7,468,283 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $31,392$158,586

X-4 Accounts receivableStart of year $833,545$822,467

X-9 Prepaid expenses and deferred chargesStart of year $1,414$5,788

X-10c Land, buildings and equipment, netStart of year $2,763,340$2,620,326

X-15 Other assetsStart of year $1,437,869$3,861,116

X-16 Total assetsStart of year $5,067,560$7,468,283

X-17 Accounts payable and accrued expensesStart of year $742,262$1,342,656

X-19 Deferred revenueStart of year $5,198$4,443

X-26 Total liabilitiesStart of year $4,074,300$5,266,281

X-27 Net assets without donor restrictionsStart of year $434,047$584,773

X-28 Net assets with donor restrictionsStart of year $559,213$1,617,229

X-32 Total net assets or fund balancesStart of year $993,260$2,202,002

X-33 Total liabilities and net assetsStart of year $5,067,560$7,468,283

Part XI · Reconciliation of net assets $2,202,002 net assets at year end

XI-1 Total revenue$1,860,970

XI-2 Total expenses$652,228

XI-3 Revenue less expenses$1,208,742

XI-4 Net assets at start of year$993,260

XI-10 Net assets at end of year$2,202,002

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Common Ground Development Corporation FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Common Ground Development Corporation

Community Development

Funders

By the numbers

Filing history

Schedules filed Part IV

Common Ground Development Corporation FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Common Ground Development Corporation

Community Development

Funders

Related Organizations

By the numbers

Filing history

Schedules filed Part IV