Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1969.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
73 cents of each dollar spent went to programs.
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
21 people listed on the 990; $450 paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Peter Saulino ESQ | $250 | $375 | $450 | $2,192 | $1,964 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Supports local business and job growth through grants for community programs and development.
Questions for Greater Fall River Development Corporation
Your first name shows with your question. Greater Fall River Development Corporation answers here, for everyone.
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Grants to local school/organizations to support programs and development
Upgrading and developing land for sale to make available to new businesses to start/expand, thus creating new jobs for the Greater Fall River area.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $920K | $1.4M |
| InvestmentsLn 11–13 | $9.1M | $9.0M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $10.7M | $10.8M |
| LiabilitiesLn 26 | $1K | $9K |
| Net assetsLn 32 | $10.7M | $10.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $162K | $162K | ||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $0 | |||
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $0 | |||
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $0 | |||
| Payroll taxesLn 10 | $0 | |||
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $0 | |||
| Accounting feesLn 11c | $24K | $24K | ||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $48K | $48K | ||
| Other fees for servicesLn 11g | $0 | |||
| Advertising and promotionLn 12 | $0 | |||
| Office expensesLn 13 | $346 | $346 | ||
| Information technologyLn 14 | $0 | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $28K | $28K | ||
| TravelLn 17 | $0 | |||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $6K | $6K | ||
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $0 | |||
| InsuranceLn 23 | $5K | $5K | ||
| Other expenses (24a–d)Ln 24 | $27K | $27K | ||
| Total functional expensesLn 25 | $300K | $218K | $82K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $676K | $246K | $430K | $9.9M | 990 PDF |
| FY2024 | $528K | $2.3M | −$1.8M | $9.5M | 990 PDF |
| FY2023 Viewing | $641K | $300K | $341K | $10.8M | 990 PDF |
| FY2022 | $717K | $315K | $401K | $10.7M | 990 PDF |
| FY2021 | $990K | $1.2M | −$246K | $11.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $641,232 revenue, 12 lines filed
Part VI · Governance 20 of 21 board members independent, 1 to look at
Part VIII · Statement of revenue $641,232 across 8 lines filed
Part IX · Statement of functional expenses $299,818 across 30 lines filed
Part X · Balance sheet $10,771,557 assets, 24 lines filed
Part XI · Reconciliation of net assets $10,762,341 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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