TAUNTON DEVELOPMENTMASSDEVELOPMENT CORPORATION

EIN: 453951613 501(c)(3) Community Improvement

BOSTON, MA

Total Revenue
$-91,547
Total Expenses
$155,712
Total Assets
$9,624,072
Net Assets
$9,533,546
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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
2011
Legal Domicile
MA
Principal Officer
TANIA HARTFORD
Phone
6173302000
Tax Period
2022-07-01 to 2023-06-30

TAUNTON DEVELOPMENTMASSDEVELOPMENT CORPORATION, founded in 2011, is a micro nonprofit in the Community Improvement sector that reported $92K in total revenue in fiscal year 2022. Revenue fell 117% from the prior year — a significant decline worth monitoring.

Mission

THE PRINCIPLE CHARITABLE PURPOSE OF TAUNTON DEVELOPMENT/MASSDEVELOPMENT CORPORATION ("THE CORPORATION") IS TO PROMOTE ECONOMIC DEVELOPMENT AND TO LESSEN THE BURDENS OF GOVERNMENT BY REDEVELOPING LAND THAT WAS PART OF THE FORMER PAUL A. DEVER SCHOOL IN TAUNTON, MASSACHUSETTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $-630,840
Other Revenue $539,293
TOTAL REVENUE $-91,547

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $110,000
Other Expenses $155,712
TOTAL EXPENSES $155,712

Year-over-Year Comparison

2022 2021 Change
Revenue $-91,547 $536,029 -1.2%
Expenses $155,712 $318,030 -0.5%
Net Income $-247,259 $217,999 -2.1%
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
6
Independent Members
4
Employees
N/A
Volunteers
4

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
6
$545,450
Total Directors
7
$669,751
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TANIA HARTFORD DIRECTOR/PRESIDENT 2.50
Officer Director
$0 $32,261 $254,151
SIMON R GERLIN DIRECTOR/TREASURER 2.50
Officer Director
$0 $59,656 $291,299
JAY PATEAKOS DIRECTOR (TRHU 06/2023) 2.50
Director
$0 $37,489 $124,301
DANIEL DAROSA DIRECTOR/VP 2.50
Officer Director
$0 $0 $0
MICHAEL MILLER DIRECTOR/VP 2.50
Officer Director
$0 $0 $0
LOUIS RICCIARDI DIRECTOR/VP 2.50
Officer Director
$0 $0 $0
VICTOR SANTOS DIRECTOR/VP 2.50
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 No data No data No data No data
2024 No data No data No data No data
2023 $-91,547 $155,712 $9,624,072 $-247,259
2022 $536,029 $318,030 $10,030,018 $217,999
2021 $1,559,041 $2,069,248 $9,579,528 $-510,207
2020 $337,874 $574,471 $10,653,503 $-236,597
2019 $111,532 $1,578,841 $10,894,199 $-1,467,309
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