LOWELL DEVELOPMENT AND FINANCIAL CORPORATION

LOWELL, MA, 01854-3636 (978) 459-9899 Est. 1975 EIN 04-2603693

S310 - Community Improvement 990 - Public charity return 501(c)(3)

Mission

TO PROMOTE LOWELL'S ECONOMIC REVITALIZATION BY PROVIDING SECONDARY FINANCING FOR THE REHABILITATION AND ACQUISITION OF PROPERTIES IN LOWELL.

Total Revenue

$430,563

Total Expenses

$1,079,678

Net Assets

$5,497,860

2 employees

From latest filing (tax period ending 2025-06-30)

Operating Reserve

5.1 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 6.1%

Expenses ↑ 115.6%

Revenue Sources

Contributions 8.8% Earned revenue 32.2% Investment 29.3% Other 30.0%

Expense Breakdown

Program 31.0% Management 69.0%

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Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jul 1, 2024 to Jun 30, 2025	$430,563 ↓	$1,079,678	$5,497,860
2023 990 - Public charity return Jul 1, 2023 to Jun 30, 2024	$458,536 ↓	$500,786	$6,146,975
2022 990 - Public charity return Jul 1, 2022 to Jun 30, 2023	$501,210 ↑	$425,006	$6,189,225
2020 990 - Public charity return Jul 1, 2020 to Jun 30, 2021	$472,838 ↑	$274,415	$5,557,232
2018 990 - Public charity return Jul 1, 2018 to Jun 30, 2019	$313,665 ↓	$507,531	$5,749,928
2017 990 - Public charity return Jul 1, 2017 to Jun 30, 2018	$574,777	$616,762	$5,935,796