MISSION
OCTAVIAN SPANNER
DEMOGRAPHIC
ADDRESS
57 LARCHWOOD RD
01844
COUNTY
essex county, MA
IN CARE OF NAME
OCTAVIAN SPANNER
ORGANIZATIONAL OVERVIEW & RANKINGS
SPES DEVELOPMENT CORPORATION is a based in METHUEN, MA, focused on Housing, Shelter causes , specifically Public Housing Facilities. Established in November 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $816,991.00, this ranks 236,400 among 2,656,690 nonprofits nationally (Top 9%), demonstrating substantial financial capacity relative to its peers. At the state level, it stands at 8,175 out of 58,562 organizations in MA (Top 14%).
In essex county, MA, the organization ranks 743 out of 5,801 nonprofits by assets (Top 13%), while locally in methuen, it stands at 23 among 208 organizations (Top 8%).
The organization reported annual revenue of $41,974.00, ranking 515,231 nationally (Top 20%) and 15,231 in MA (Top 26%).
Within its specific NTEE classification (L21 - L: Housing, Shelter), which includes 3,761 similar organizations, SPES DEVELOPMENT CORPORATION ranks 1,381 in assets (Top 37%) and 1,906 in revenue (Top 51%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2019 and was reinstated on October 15, 2020 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
L: Housing, Shelter
NTEE CODE
L21: Public Housing Facilities
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Revoked: Wednesday, May 15, 2019;
Reinstated: Thursday, October 15, 2020
TAX PERIOD
12/2021
ACCOUNTING PERIOD
12
INCOME CODE
3: $25,000 to $99,999
INCOME AMOUNT
$41,974.00
FORM 990 REVENUE AMOUNT
$41,974.00
RULING DATE
11/2020
ASSET CODE
5: $500,000 to $999,999
ASSET AMOUNT
$816,991.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
Recently Saved Organizations
Click on the save icon from a search results or organization page.
