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Residents First Development Corp

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Public Housing Facilities (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1 (2024)

Expenses
$1.63k (2024)

Total Assets
$493k (2024)

Total Liabilities
$914k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending May
2024

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$1
Expenses
$1,628
Net Income
-$1,627
Net Assets
-$421,121
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $492,905
Total Liabilities $914,026
Net Assets -$421,121
Compensation
Key Employees and Officers Compensation Other
Diane Silva (Prestreas) $0 $0
Steven C Panagiotakos (Director) $0 $0
Janet C Meehan (Director) $0 $0
Robert R Gilman (Clerkdirector) $0 $0
Bruce Akashian (Director) $0 $0

Document Links

Fiscal Year Ending May
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$8,143
Expenses
$6,009
Net Income
$2,134
Net Assets
-$419,494
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,142
100.0%
Assets/Debt
Total Assets $494,532
Total Liabilities $914,026
Net Assets -$419,494
Compensation
Key Employees and Officers Compensation Other
Diane Silva (Prestreas) $0 $0
Steven C Panagiotakos (Director) $0 $0
Janet C Meehan (Director) $0 $0
Robert R Gilman (Clerkdirector) $0 $0
Bruce Akashian (Director) $0 $0

Document Links

Fiscal Year Ending May
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$2
Expenses
$9,991
Net Income
-$9,989
Net Assets
-$421,628
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $492,398
Total Liabilities $914,026
Net Assets -$421,628
Compensation
Key Employees and Officers Compensation Other
Diane Silva (Prestreas) $0 $0
Steven C Panagiotakos (Director) $0 $0
Janet C Meehan (Director) $0 $0
Robert R Gilman (Clerkdirector) $0 $0
Bruce Akashian (Director) $0 $0

Document Links

Fiscal Year Ending May
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$130,548
Expenses
$1,684
Net Income
$128,864
Net Assets
-$411,639
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $130,544
100.0%
Investment Income $4
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $502,387
Total Liabilities $914,026
Net Assets -$411,639
Compensation
Key Employees and Officers Compensation Related Other
Robert R Gilman (Clerkdirector) $0 $0 $0
Bruce Akashian (Director) $0 $0 $0
Janet C Meehan (Director) $0 $0 $0
Steven C Panagiotakos (Director) $0 $0 $0
Diane Silva (Prestreas) $0 $0 $0

Document Links

Fiscal Year Ending May
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,320
Expenses
$13,900
Net Income
-$7,580
Net Assets
-$540,503
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,315
99.9%
Investment Income $5
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $504,067
Total Liabilities $1,044,570
Net Assets -$540,503
Compensation
Key Employees and Officers Compensation Related Other
Mary Karabatsos (Clerkdirector) $0 $0 $0
Robert R Gilman (Director) $0 $0 $0
Miriam Colon (Director) $0 $0 $0
Diane Silva (Prestreas) $0 $0 $0
John A Burke (V Pres) $0 $0 $0

Document Links

Fiscal Year Ending May
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,112
Expenses
$14,837
Net Income
-$6,725
Net Assets
-$532,923
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,105
99.9%
Investment Income $7
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $511,647
Total Liabilities $1,044,570
Net Assets -$532,923
Compensation
Key Employees and Officers Compensation Related Other
Mary Karabatsos (Director) $0 $0 $0
Robert R Gilman (Director) $0 $0 $0
Miriam Colon (Director) $0 $0 $0
Diane Silva (Prestreas) $0 $0 $0
John A Burke (V Pres) $0 $0 $0

Document Links

Fiscal Year Ending May
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$538,567
Expenses
$107,021
Net Income
$431,546
Net Assets
-$526,198
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $538,557
100.0%
Investment Income $10
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $518,372
Total Liabilities $1,044,570
Net Assets -$526,198
Compensation
Key Employees and Officers Compensation Related Other
Mary Karabatsos (Clerk) $0 $0 $0
Brian Barry (Director) $0 $0 $0
Robert R Gilman (Director) $0 $0 $0
Miriam Colon (Director) $0 $0 $0
Michael G Demaras (Director) $0 $0 $0
Diane Silva (Prestreas) $0 $0 $0
John Burke (V Pres) $0 $0 $0

Document Links

Fiscal Year Ending May
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$525,992
Expenses
$40,377
Net Income
$485,615
Net Assets
-$957,744
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $604,496
> 100%
Investment Income $14
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$78,518
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $306,952
Total Liabilities $1,264,696
Net Assets -$957,744
Compensation
Key Employees and Officers Compensation Related Other
Mary Karabatsos (Clerk) $0 $0 $0
Brian Barry (Director) $0 $0 $0
Robert R Gilman (Director) $0 $0 $0
Miriam Colon (Director) $0 $0 $0
Michael G Demaras (Director) $0 $0 $0
Diane Silva (Prestreas) $0 $0 $0
John Burke (V Pres) $0 $0 $0

Document Links

Fiscal Year Ending May
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$120,307
Expenses
$105,448
Net Income
-$225,755
Net Assets
-$1,443,359
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,162
Investment Income $10
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$128,479
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $397,518
Total Liabilities $1,840,877
Net Assets -$1,443,359
Compensation
Key Employees and Officers Compensation Related Other
Mary Karabatsos (Clerk) $0 $0 $0
Brian Barry (Director) $0 $0 $0
Robert R Gilman (Director) $0 $0 $0
Miriam Colon (Director) $0 $0 $0
Michael G Demaras (Director) $0 $0 $0
Diane Silva (Prestreas) $0 $0 $0
John Burke (V Pres) $0 $0 $0

Document Links

Fiscal Year Ending May
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$854,508
Expenses
$179,984
Net Income
$674,524
Net Assets
-$1,217,604
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,500
0.9%
Program Services $0
Investment Income $11
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $846,997
99.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,945,960
Total Liabilities $3,163,564
Net Assets -$1,217,604
Compensation
Key Employees and Officers Compensation Related Other
Mary Karabatsos (Clerk) $0 $0 $0
Brian Barry (Director) $0 $0 $0
Robert R Gilman (Director) $0 $0 $0
Miriam Colon (Director) $0 $0 $0
Michael G Demaras (Director) $0 $0 $0
Diane Silva (Prestreas) $0 $0 $0
John Burke (V Pres) $0 $0 $0

Document Links

Fiscal Year Ending May
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$526,073
Expenses
$538,798
Net Income
-$12,725
Net Assets
-$1,892,128
Notable Sources of Revenue Percent of Total Revenue
Contributions $634,614
> 100%
Program Services $0
Investment Income $32
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$108,573
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $892,879
Total Liabilities $2,785,007
Net Assets -$1,892,128
Compensation
Key Employees and Officers Compensation Related Other
Mary Karabatsos (Clerk) $0 $0 $0
Michael G Demaras (Director) $0 $0 $0
Robert R Gilman (Director) $0 $0 $0
Miriam Colon (Director) $0 $0 $0
Brian Barry (Director) $0 $0 $0
Diane Silva (Prestreas) $0 $0 $0
John Burke (V Pres) $0 $0 $0

Document Links

Fiscal Year Ending May
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$344,135
Expenses
$368,086
Net Income
-$23,951
Net Assets
-$1,879,403
Notable Sources of Revenue Percent of Total Revenue
Contributions $365,386
> 100%
Program Services $0
Investment Income $17
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$21,268
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $865,443
Total Liabilities $2,744,846
Net Assets -$1,879,403

Document Links

Fiscal Year Ending May
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$54,363
Expenses
$89,254
Net Income
-$34,891
Net Assets
-$1,855,452
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $54,360
100.0%
Investment Income $3
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $842,840
Total Liabilities $2,698,292
Net Assets -$1,855,452

Document Links

Fiscal Year Ending May
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,790,929
Expenses
$459,410
Net Income
$1,331,519
Net Assets
-$1,820,561
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,155,068
64.5%
Program Services $0
Investment Income $23
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $635,838
35.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $839,459
Total Liabilities $2,660,020
Net Assets -$1,820,561

Document Links

Fiscal Year Ending May
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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