NonprofitsNectar Community Investments Inc

Housing & Shelter

Nectar Community Investments Inc

LOWELL, MA

Total revenue

$6.7M

Total expenses

$5.9M

Net assets

$10.1M

Grants received

$3.4M

21 grants

EIN

043571892

Tax year

2024

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.

Programs

2 programs

The organization's residential lending programs help homeowners improve the health and quality of their homes through a sustainable lens. Lending products offered assist homeowners with repairs, lead removal, and energy-efficient upgrades needed to help transition their homes to clean energy.

Expenses: $1.6M

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 record and growth trajectory potential.

Expenses: $675K

Financials

FY 2024

Revenue

Contributions & grants$5.1M
Program service revenue$1.1M
Investment income$237K
Other revenue$292K
Total revenue$6.7M

Expenses

Grants paid$585K
Salaries & benefits$1.9M
Fundraising
Other expenses$3.4M
Total expenses$5.9M
Total assets$24.2M
Net assets$10.1M

People

19 listed

NameRoleCompensation

GLYNN LLOYD

EXECUTIVE DIRECTOR

Board

$214K

40 hrs/wk

DAN PLOWDEN

CFO

Board

$151K

40 hrs/wk

LISA KOZOL

TREASURER

Board

5 hrs/wk

LISA TORISSI

OUTGOING DIRECTOR

Board

5 hrs/wk

MALIA LAZU

PRESIDENT

Board

5 hrs/wk

MATTHEW HANSON

DIRECTOR

Board

5 hrs/wk

ABBOTT LAWRENCE

DIRECTOR

Board

5 hrs/wk

NANCY STAGER

DIRECTOR

Board

5 hrs/wk

ORLANDO WATKINS

DIRECTOR

Board

5 hrs/wk

QUINCY MILLER

DIRECTOR

Board

5 hrs/wk

YUN-JU CHOI

OUTGOING DIRECTOR

Board

5 hrs/wk

MICHELE WITTS

DIRECTOR

Board

5 hrs/wk

ABEL VARGAS

CLERK

Board

5 hrs/wk

ARLEEN ZORRILA

OUTGOING DIRECTOR

Board

5 hrs/wk

DANIEL RIVERA

DIRECTOR

Board

5 hrs/wk

KRISTEN HAROL

OUTGOING DIRECTOR

Board

5 hrs/wk

ALEXANDRA NOVA

COO

Staff

$143K

40 hrs/wk

AARON LACKMAN

COMMERCIAL LENDING

Staff

$112K

40 hrs/wk

LISSETTE PAUKERT

RESIDENTIAL SERVICES DIRECTOR

Staff

$100K

40 hrs/wk

Independent contractors

NBEF INVESTMENT MANAGERS LLC

CONSULTING

$245K

TBM CONSULTING

CONSULTING

$234K

FLOWETIK LLC

CONSULTING

$190K

MEAGHAN PHILLIPS

CONSULTING

$140K

RAFAEL FONSECA

CONSULTING

$104K

Grants received

Showing 21 of 21

FromAmountPurposeYear
$100K
GENERAL SUPPORT
2024
$209K
Community Impact
2023
$77K
Operating Support/Annual Fund
2023
$42K
ECONOMIC SECURITY
2023
$408K
Operating Support/Annual Fund
2022
$300K
RHODE ISLAND INCLUSIVE SMALL BUSINESS LOAN PROGRAM
2022
$150K
2022 RENEWABLE ENERGY EFFICIENT GRANT
2022
$100K
OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
2022
$350K
Economic Development
2021
$180K
Community Development
2020
$50K
SUPPORT OF THE ORGANIZATION'S TAX EXEMPT PURPOSE
2020
$35K
Community Impact
2020
$200K
Community Development
2019
$45K
Community Impact
2019

Funded by

$3.4M from 11 funders · 21 grants · 2019–2024

Boston Foundation Inc

$1.2M · 5 grants · 2019–2023

Essex County Community Foundation Inc

$882K · 3 grants · 2020–2024

The Rhode Island Community Foundation

$342K · 2 grants · 2022–2023

United Way Of Massachusetts Bay Inc

$289K · 3 grants · 2019–2023

Opportunity Finance Network

$250K · 2 grants · 2022

The Blackbaud Giving Fund

$100K · 1 grant · 2024

Lawrence Communityworks Inc

$50K · 1 grant · 2020

Details

EIN043571892
NTEE codeL20
Subsection03
Ruling date2009-07
Formed2001
Employees17
Volunteers10
NECTAR COMMUNITY INVESTMENTS INC — Mission, Financials & Grants Received | Grantivo