Mission
GROW THE ASSETS AND WEALTH OF HISTORICALLY DISINVESTED INDIVIDUALS AND THEIR COMMUNITIES BY PROVIDING A COMBINATION OF ROBUST ADVICE, RESOURCED NETWORKS AND CAPITAL IN THE MERRIMACK VALLEY AND ACROSS MASSACHUSETTS.
Public Charity
NECTAR COMMUNITY INVESTMENTS INC
Based in LAWRENCE, MA, NECTAR COMMUNITY INVESTMENTS INC operates as a Public Charity. The organization reported $6.7M in revenue, $5.9M in expenses, $24.2M in total assets for fiscal year 2024. Imperigo tracks 28 reported grant relationships connected to this organization totaling approximately $6.0M.
EIN: 043571892
LAWRENCE, MA
Housing Development, Construction & Management
NTEE: L20
Latest filing: 2024
Total Revenue$6.7M
Total Expenses$5.9M
Total Assets$24.2M
Grant Records28
Funding Total$6.0M
Filing Years2019–2024
Where $100 goes at Nectar Community Investments Inc
How Nectar Community Investments Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$78
Programs
the work itself
$22
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 $78 for programs
$38
The organization provides both capital and advisory services to enable underserved business owners to reach their full potential and build wealth for the owners, families, and communities
$28
The organization's residential lending programs help homeowners improve the health and quality of their homes through a sustainable lens
$12
The organization operates the business equity initiative (bei) program, which provides black and latinx business owners with quality high touch advisory services developing business owners with a track…
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
GENERAL SUPPORT
$100,000
Community Development
$200,000
GENERAL SUPPORT
$100,000
SUPPORT TO SMALL BUSINESSES AND HOMEOWNERS
$50,000
$40,000
Showing up to 5 of 28 total records — full history available with membership.
Officers & Directors
COMMERCIAL LENDING
Aaron Lackman
DIRECTOR
Abbott Lawrence
CLERK
Abel Vargas
COO
Alexandra Nova
OUTGOING DIRECTOR
Arleen Zorrila
DIRECTOR
Daniel Rivera
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $6.7M | $5.9M | $24.2M |
| 2023 | $6.6M | $5.7M | $20.0M |
| 2022 | $8.2M | $3.4M | $14.5M |
| 2020 | $1.1M | $1.3M | $5.7M |
| 2019 | $2.6M | $2.8M | $4.5M |
Between 2019 and 2024, reported annual revenue grew from $2.6M to $6.7M (+162%), with total assets most recently reported at $24.2M.
Interactive year-over-year charts and full filing details available with membership.