LANESBORO DEVELOPMENT CORPORATION

EIN: 342062417 501(c)(3) Human Services

PITTSFIELD, MA

Total Revenue
$57,683
Total Expenses
$81,374
Total Assets
$672,913
Net Assets
$-260,652
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
MA
Phone
4134994241
Tax Period
2024-07-01 to 2025-06-30

LANESBORO DEVELOPMENT CORPORATION, founded in 2006, is a micro nonprofit in the Human Services sector that reported $58K in total revenue in fiscal year 2024. Expenses of $81K exceeded revenue, resulting in a 41% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING FOR THE DEVELOPMENTALLY DISABLED

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $57,600
Investment Income $83
Other Revenue $0
TOTAL REVENUE $57,683

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,312
Fundraising Expenses $0
Program Expenses $62,603
Other Expenses $75,062
TOTAL EXPENSES $81,374

Year-over-Year Comparison

2024 2023 Change
Revenue $57,683 $57,698 0.0%
Expenses $81,374 $68,048 +0.2%
Net Income $-23,691 $-10,350 +1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID CIANFLONE President 1.00
Officer Director
$0 $0 $0
GREGG LEVANTE Treasurer 0.50
Officer Director
$0 $0 $0
CLEMENTINA MONTELEONE CLERK 0.50
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $57,683 $81,374 $672,913 $-23,691
2024 $57,698 $68,048 $692,568 $-10,350
2023 $47,431 $67,581 $712,616 $-20,150
2022 $49,370 $61,209 $723,275 $-11,839
2021 $42,170 $57,923 $750,959 $-15,753
2020 $42,277 $54,904 $766,551 $-12,627
2019 $42,285 $57,367 $777,950 $-15,082
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