Mission
TO PROMOTE LOWELL'S ECONOMIC REVITALIZATION BY PROVIDING SECONDARY FINANCING FOR THE REHABILITATION AND ACQUISITION OF PROPERTIES IN LOWELL.
Public Charity
LOWELL DEVELOPMENT & FINANCIAL CORP
LOWELL DEVELOPMENT & FINANCIAL CORP is a Public Charity headquartered in LOWELL, MA. Financial data from the 2025 filing: $431K revenue, $1.1M expenses, $7.6M total assets. 3 publicly reported grants to this organization, totaling roughly $60K, appear in IRS filings.
EIN: 042603693
LOWELL, MA
Urban & Community Economic Development
NTEE: S31
Latest filing: 2025
Total Revenue$431K
Total Expenses$1.1M
Total Assets$7.6M
Grant Records3
Funding Total$60K
Filing Years2020–2025
Where $100 goes at Lowell Development & Financial Corp
How Lowell Development & Financial Corp divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$60
Programs
the work itself
$40
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $60 for programs
$60
Program service activity involves the lending of money (secured by mortgage notes) at below market rates of interest for commercial and residential buildings
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
ENTREPRENEUR AWARDS
$23,362
CREATE AND SAVE JOBS
$21,150
CREATE AND SAVE JOBS
$15,000
Showing up to 5 of 3 total records — full history available with membership.
Officers & Directors
EXECUTIVE DI
Allison Lamey
CLERK
Ani Vong
DIRECTOR
Anothny Nganga
DIRECTOR
Carl Howell
DIRECTOR
Cathy Mercado
DIRECTOR
Daniel Field
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $431K | $1.1M | $7.6M |
| 2024 | $459K | $501K | $8.5M |
| 2023 | $501K | $425K | $7.1M |
| 2021 | $473K | $274K | $6.3M |
| 2020 | $330K | $763K | $6.3M |
Between 2020 and 2025, reported annual revenue grew from $330K to $431K (+31%), with total assets most recently reported at $7.6M.
Interactive year-over-year charts and full filing details available with membership.