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Employer Identification Number 04-3571892

LOWELL COMMUNITY LOAN FUND INC is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:LOWELL COMMUNITY LOAN FUND INC
Employer identification number (EIN):04-3571892
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:523900
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code
State of IncorporationMassachusetts, MA

Organization Overview

Mission StatementTO ADVANCE COMMUNITY REVITALIZATION AND DEVELOPMENT IN MERRIMACK VALLEY BY PROVIDING APPROPRIATE LOAN PROGRAMS AND TECHNICAL ASSISTANCE TO LOW AND MODERATE INCOME COMMUNITIES.
Number of Employees0
Number of Volunteers15
Year Formed2001

Organization Governance

Legal DomicileMA
Voting Members - Governing Body12
Voting Members - Independent12

Organization Financials

2023-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 443,823
Program Service Revenue from current yearUSD $ 784,609
Investment Income from prior yearUSD $ 3,509
Investment Income from current yearUSD $ 100,109
Other Revenue from prior yearUSD $ 4,360
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 6,574,062
Net assets / fund balances at end of fiscal yearUSD $ 9,286,177
Net assets / fund balances at beginning of fiscal yearUSD $ 8,023,066
Total liabilities at end of fiscal yearUSD $ 10,726,172
Total liabilities at beginning of fiscal yearUSD $ 6,427,599
Total assets at end of fiscal yearUSD $ 20,012,349
Total assets at beginning of fiscal yearUSD $ 14,450,665
Revenues less expenses for current yearUSD $ 921,259
Revenues less expenses for previous yearUSD $ 4,723,939
Total expenses for current yearUSD $ 5,652,803
Total expenses for previous yearUSD $ 3,434,867
Other expenses in current yearUSD $ 3,720,031
Other expenses in previous yearUSD $ 2,532,364
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,603,272
Employee salary and benefits paid in previous yearUSD $ 784,503
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 329,500
Grants and similar amounts paid in previous yearUSD $ 118,000
Total revenue in current fiscal yearUSD $ 6,574,062
Total revenue in previous fiscal yearUSD $ 8,158,806
Contributions and grants from current yearUSD $ 5,689,344
Contributions and grants from previous yearUSD $ 7,707,114
2022-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 362,005
Program Service Revenue from current yearUSD $ 443,823
Investment Income from prior yearUSD $ 400
Investment Income from current yearUSD $ 3,509
Other Revenue from prior yearUSD $ 133,500
Other Revenue from current yearUSD $ 4,360
Gross receipts from all sourcesUSD $ 8,158,806
Net assets / fund balances at end of fiscal yearUSD $ 8,023,066
Net assets / fund balances at beginning of fiscal yearUSD $ 3,299,127
Total liabilities at end of fiscal yearUSD $ 6,427,599
Total liabilities at beginning of fiscal yearUSD $ 5,035,669
Total assets at end of fiscal yearUSD $ 14,450,665
Total assets at beginning of fiscal yearUSD $ 8,334,796
Revenues less expenses for current yearUSD $ 4,723,939
Revenues less expenses for previous yearUSD $ 2,089,117
Total expenses for current yearUSD $ 3,434,867
Total expenses for previous yearUSD $ 1,400,254
Other expenses in current yearUSD $ 2,532,364
Other expenses in previous yearUSD $ 816,336
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 784,503
Employee salary and benefits paid in previous yearUSD $ 505,918
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 118,000
Grants and similar amounts paid in previous yearUSD $ 78,000
Total revenue in current fiscal yearUSD $ 8,158,806
Total revenue in previous fiscal yearUSD $ 3,489,371
Contributions and grants from current yearUSD $ 7,707,114
Contributions and grants from previous yearUSD $ 2,993,466
Total of other revenueUSD $ 4,360
2021-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 231,215
Program Service Revenue from current yearUSD $ 362,005
Investment Income from prior yearUSD $ 71
Investment Income from current yearUSD $ 400
Other Revenue from current yearUSD $ 133,500
Gross receipts from all sourcesUSD $ 3,489,371
Net assets / fund balances at end of fiscal yearUSD $ 3,299,127
Net assets / fund balances at beginning of fiscal yearUSD $ 1,210,010
Total liabilities at end of fiscal yearUSD $ 5,035,669
Total liabilities at beginning of fiscal yearUSD $ 4,456,456
Total assets at end of fiscal yearUSD $ 8,334,796
Total assets at beginning of fiscal yearUSD $ 5,666,466
Revenues less expenses for current yearUSD $ 2,089,117
Revenues less expenses for previous yearUSD $ -150,006
Total expenses for current yearUSD $ 1,400,254
Total expenses for previous yearUSD $ 1,271,365
Other expenses in current yearUSD $ 816,336
Other expenses in previous yearUSD $ 518,606
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 505,918
Employee salary and benefits paid in previous yearUSD $ 572,912
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 78,000
Grants and similar amounts paid in previous yearUSD $ 179,847
Total revenue in current fiscal yearUSD $ 3,489,371
Total revenue in previous fiscal yearUSD $ 1,121,359
Contributions and grants from current yearUSD $ 2,993,466
Contributions and grants from previous yearUSD $ 890,073
Total of other revenueUSD $ 133,500
2020-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 179,475
Program Service Revenue from current yearUSD $ 231,215
Investment Income from prior yearUSD $ 1,187
Investment Income from current yearUSD $ 71
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 1,121,359
Net assets / fund balances at end of fiscal yearUSD $ 1,210,010
Net assets / fund balances at beginning of fiscal yearUSD $ 1,360,527
Total liabilities at end of fiscal yearUSD $ 4,456,456
Total liabilities at beginning of fiscal yearUSD $ 3,159,135
Total assets at end of fiscal yearUSD $ 5,666,466
Total assets at beginning of fiscal yearUSD $ 4,519,662
Revenues less expenses for current yearUSD $ -150,006
Revenues less expenses for previous yearUSD $ -232,624
Total expenses for current yearUSD $ 1,271,365
Total expenses for previous yearUSD $ 2,805,032
Other expenses in current yearUSD $ 518,606
Other expenses in previous yearUSD $ 313,112
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 572,912
Employee salary and benefits paid in previous yearUSD $ 678,775
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 179,847
Grants and similar amounts paid in previous yearUSD $ 1,813,145
Total revenue in current fiscal yearUSD $ 1,121,359
Total revenue in previous fiscal yearUSD $ 2,572,408
Contributions and grants from current yearUSD $ 890,073
Contributions and grants from previous yearUSD $ 2,391,746
2019-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 157,121
Program Service Revenue from current yearUSD $ 179,475
Investment Income from prior yearUSD $ 54
Investment Income from current yearUSD $ 1,187
Other Revenue from prior yearUSD $ -6,557
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 2,572,408
Net assets / fund balances at end of fiscal yearUSD $ 1,360,526
Net assets / fund balances at beginning of fiscal yearUSD $ 1,593,150
Total liabilities at end of fiscal yearUSD $ 3,159,135
Total liabilities at beginning of fiscal yearUSD $ 4,684,780
Total assets at end of fiscal yearUSD $ 4,519,661
Total assets at beginning of fiscal yearUSD $ 6,277,930
Revenues less expenses for current yearUSD $ -232,624
Revenues less expenses for previous yearUSD $ 288,190
Total expenses for current yearUSD $ 2,805,032
Total expenses for previous yearUSD $ 1,047,587
Other expenses in current yearUSD $ 313,112
Other expenses in previous yearUSD $ 215,030
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 678,775
Employee salary and benefits paid in previous yearUSD $ 420,767
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 1,813,145
Grants and similar amounts paid in previous yearUSD $ 411,790
Total revenue in current fiscal yearUSD $ 2,572,408
Total revenue in previous fiscal yearUSD $ 1,335,777
Contributions and grants from current yearUSD $ 2,391,746
Contributions and grants from previous yearUSD $ 1,185,159
2018-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 142,294
Program Service Revenue from current yearUSD $ 157,121
Investment Income from prior yearUSD $ 1,647
Investment Income from current yearUSD $ 54
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ -6,557
Gross receipts from all sourcesUSD $ 1,344,635
Net assets / fund balances at end of fiscal yearUSD $ 1,593,150
Net assets / fund balances at beginning of fiscal yearUSD $ 1,354,960
Total liabilities at end of fiscal yearUSD $ 4,684,780
Total liabilities at beginning of fiscal yearUSD $ 997,770
Total assets at end of fiscal yearUSD $ 6,277,930
Total assets at beginning of fiscal yearUSD $ 2,352,730
Revenues less expenses for current yearUSD $ 288,190
Revenues less expenses for previous yearUSD $ 398,498
Total expenses for current yearUSD $ 1,047,587
Total expenses for previous yearUSD $ 368,537
Other expenses in current yearUSD $ 215,030
Other expenses in previous yearUSD $ 94,290
Total fundraising expenses in current yearUSD $ 16,233
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 420,767
Employee salary and benefits paid in previous yearUSD $ 269,742
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 $ 411,790
Grants and similar amounts paid in previous yearUSD $ 4,505
Total revenue in current fiscal yearUSD $ 1,335,777
Total revenue in previous fiscal yearUSD $ 767,035
Contributions and grants from current yearUSD $ 1,185,159
Contributions and grants from previous yearUSD $ 623,094
Gross income from fundraising eventsUSD $ 2,301
2017-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 87,874
Program Service Revenue from current yearUSD $ 142,294
Investment Income from prior yearUSD $ 27
Investment Income from current yearUSD $ 1,647
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 767,035
Net assets / fund balances at end of fiscal yearUSD $ 1,354,960
Net assets / fund balances at beginning of fiscal yearUSD $ 956,462
Total liabilities at end of fiscal yearUSD $ 997,770
Total liabilities at beginning of fiscal yearUSD $ 798,532
Total assets at end of fiscal yearUSD $ 2,352,730
Total assets at beginning of fiscal yearUSD $ 1,754,994
Revenues less expenses for current yearUSD $ 398,498
Revenues less expenses for previous yearUSD $ 120,489
Total expenses for current yearUSD $ 368,537
Total expenses for previous yearUSD $ 268,848
Other expenses in current yearUSD $ 94,290
Other expenses in previous yearUSD $ 46,988
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 $ 269,742
Employee salary and benefits paid in previous yearUSD $ 221,860
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 $ 4,505
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 767,035
Total revenue in previous fiscal yearUSD $ 389,337
Contributions and grants from current yearUSD $ 623,094
Contributions and grants from previous yearUSD $ 301,436
2016-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 52,570
Program Service Revenue from current yearUSD $ 87,874
Investment Income from prior yearUSD $ 126
Investment Income from current yearUSD $ 27
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 389,337
Net assets / fund balances at end of fiscal yearUSD $ 956,462
Net assets / fund balances at beginning of fiscal yearUSD $ 835,973
Total liabilities at end of fiscal yearUSD $ 798,532
Total liabilities at beginning of fiscal yearUSD $ 342,444
Total assets at end of fiscal yearUSD $ 1,754,994
Total assets at beginning of fiscal yearUSD $ 1,178,417
Revenues less expenses for current yearUSD $ 120,489
Revenues less expenses for previous yearUSD $ 50,357
Total expenses for current yearUSD $ 268,848
Total expenses for previous yearUSD $ 166,704
Other expenses in current yearUSD $ 46,988
Other expenses in previous yearUSD $ 51,878
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 $ 221,860
Employee salary and benefits paid in previous yearUSD $ 114,826
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 $ 389,337
Total revenue in previous fiscal yearUSD $ 217,061
Contributions and grants from current yearUSD $ 301,436
Contributions and grants from previous yearUSD $ 164,365
2015-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 52,109
Program Service Revenue from current yearUSD $ 52,570
Investment Income from prior yearUSD $ 97
Investment Income from current yearUSD $ 126
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 217,061
Net assets / fund balances at end of fiscal yearUSD $ 835,973
Net assets / fund balances at beginning of fiscal yearUSD $ 785,616
Total liabilities at end of fiscal yearUSD $ 342,444
Total liabilities at beginning of fiscal yearUSD $ 317,718
Total assets at end of fiscal yearUSD $ 1,178,417
Total assets at beginning of fiscal yearUSD $ 1,103,334
Revenues less expenses for current yearUSD $ 50,357
Revenues less expenses for previous yearUSD $ 134,638
Total expenses for current yearUSD $ 166,704
Total expenses for previous yearUSD $ 140,518
Other expenses in current yearUSD $ 51,878
Other expenses in previous yearUSD $ 35,070
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 $ 114,826
Employee salary and benefits paid in previous yearUSD $ 105,448
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 $ 217,061
Total revenue in previous fiscal yearUSD $ 275,156
Contributions and grants from current yearUSD $ 164,365
Contributions and grants from previous yearUSD $ 222,950

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 043571892

USA Mailing Address
450 MERRIMACK ST
LOWELL
MA
01854
Date first seen: 2007-01-01
Date last seen: 2024-07-31
USA Mailing Address
50 ISLAND STREET NO 103
LAWRENCE
MA
01840
Date first seen: 2009-07-01
Date last seen: 2024-08-31
USA Location Address
50 ISLAND STREET ENTRY B SUITE 103
LAWRENCE
MA
01840
Date first seen: 2009-07-01
Date last seen: 2024-10-08

Nearby companies/organizations

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

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