2025-05-13T11:03:26-04:00 2024-06-30 042929980 BURKHART PIZZANELLI PC 201 PARK AVE SUITE 2 WEST SPRINGFIELD MA 010891597 990 2023-07-01 043268142 QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION QUAB 4139673001 23 WEST MAIN STREET SUITE 1 WARE MA 01082 MELISSA FALES EXECUTIVE DIRECTOR 4139673001 2025-05-09 true JULIE QUINK P01068729 4137349040 2025-05-09 2023 2025-03-06 01:10:19Z VINCENT MCCAUGHEY 23 WEST MAIN ST SUITE 1 WARE MA 01082 193243 false X WWW.QVCDC.ORG X 1995 MA ECONOMIC ASSISTANCE AND DEVELOPMENT AND PROVIDING LOANS TO LOCAL BUSINESSES 9 9 0 0 170061 130528 41279 54173 1244 2236 6347 6306 218931 193243 0 0 0 0 750 203010 107906 203010 107906 15921 85337 2282650 2214471 255975 102459 2026675 2112012 ECONOMIC ASSISTANCE AND DEVELOPMENT AND PROVIDING LOANS TO LOCAL BUSINESSES BY GRANTS AND BY LINE OF CREDIT FROM AREA BANKS. false false 80137 54173 PROVIDE GRANTS, LOANS AND ADVISORY SUPPORT TO BUSINESSES OF THE QUABOAG REGION; TO INVEST CAPITAL IN BUSINESSES THAT ARE UNABLE TO PROCURE SUCH INVESTMENT THROUGH CONVENTIONAL SYSTEMS IN ORDER TO CREATE A CLIMATE OF ECONOMIC OPPORTUNITY IN THE REGION AND TO ENGAGE IN COMMUNITY ECONOMIC DEVELOPMENT ACTIVITIES THAT WILL SUBSTANTIALLY BENEFIT LOW INCOME, DISADVANTAGED RESIDENTS OF THE SERVICE AREA BY MEANS OF PROGRAMS WHICH HAVE A GOAL, DIRECTLY OR INDIRECTLY, AT LEAST ONE OF THE FOLLOWING: (1) THE REDUCTION OF UNEMPLOYMENT, (2) THE REDUCTION OF UNDEREMPLOYMENT, (3) EDUCATION OR JOB SKILLS TRAINING; FOR LOW INCOME RESIDENTS. 80137 true false false false false false false false false false true false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 0 0 false 0 false false false false false false false false X 9 9 false false false false false false false true true false false true true true true true true false false false MA X X MELISSA FALES 4139673001 23 WEST MAIN ST SUITE 1 WARE MA 01082 X VINCENT MCCAUGHEY PRESIDENT 1.00 X X 0 0 0 RICHARD EGAN II TREASURER 1.00 X X 0 0 0 RONALD CHRISTENSEN CLERK 1.00 X X 0 0 0 ROBERT BOTTOMLEY VICE PRESIDE 1.00 X X 0 0 0 CAROLYN HALEY DIRECTOR 1.00 X 0 0 0 CHARLES LASK DIRECTOR 1.00 X 0 0 0 DANIEL HENEY DIRECTOR 1.00 X 0 0 0 GLENN MERKEL DIRECTOR 1.00 X 0 0 0 JAMES METCALF DIRECTOR 1.00 X 0 0 0 MELISSA FALES EXECUTIVE DI 1.00 36.00 X 0 0 0 false false false 130528 130528 INTEREST INCOME 522291 54173 54173 54173 2236 2236 FEE INCOME & LATE CHARGES 900099 6306 6306 6306 193243 60479 2236 15 15 6500 5525 975 1155 1155 12709 12709 GRANT EXPENSE 65014 53194 11820 CONTRACT EXPENSE 15000 12750 1500 750 LOAN ADMINISTRATIVE FEES 6335 6335 BAD DEBT EXPENSE 1178 1178 107906 80137 27019 750 173860 15049 995819 1274268 25000 299 740051 603822 528143 210952 329900 317191 18020 3842 2282650 2214471 11716 313 100000 45000 144259 57146 255975 102459 X 857981 966224 1168694 1145788 2026675 2112012 2282650 2214471 85337 X false true X true false X 131354 29064 496428 170061 130528 957435 131354 29064 496428 170061 130528 957435 957435 985 667 659 1244 2236 5791 67601 50409 44570 47626 60479 270685 1233911 272996 0.77590 0.79240 X PART II, LINE 10 PROGRAM SERVICE REVENUE 242,984 OTHER INCOME 27,701 204543 81817 122726 301406 115938 185468 22194 13197 8997 317191 X 193243 193243 193243 107906 107906 107906 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION ORGANIZED UNDER MASSACHUSETTS GENERAL LAWS, CHAPTER 180. THE ORGANIZATION IS CLASSIFIED AS A 501(C)(3) ORGANIZATION UNDER THE INTERNAL REVENUE CODE. AS SUCH, THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE CORPORATE INCOME TAXES AND VARIOUS FEDERAL AND STATE EXCISE AND SALES TAXES. THE ORGANIZATION WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY UNCERTAIN TAX POSITIONS AS INTEREST AND OTHER EXPENSE, RESPECTIVELY, IF APPLICABLE. AS OF JUNE 30, 2024 THE ORGANIZATION HAS NOT RECORDED ANY AMOUNTS RELATED TO UNRECOGNIZED INCOME TAX BENEFITS OR ACCRUED INTEREST AND PENALTIES. THE ORGANIZATION'S INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR ALL YEARS ENDING ON OR AFTER JUNE 30, 2021. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD REVIEWS THE TAX RETURN PRIOR TO FILING WITH THE TAXING AUTHORITIES. FORM 990, PAGE 6, PART VI, LINE 12C THERE IS ONGOING COMMUNICATIONS AND REVIEW OF THE POLICY FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. QUABOAG VALLEY COMMUNITY DEVELOPMEN 23 WEST MAIN STREET WARE MA 01082 043370097 ECON IMPRO MA 501 C3 7 N/A false false false false false false false false false false false false false false true false true false false false QUABOAG VALLEY COMMUNITY DEVELOP P 80014 GRANT & ADMIN SERVICES QUABOAG VALLEY COMMUNITY DEVELOP N