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      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementSeparate>X</FinancialStatementSeparate>
      </FSAuditedBasis>
      <AuditCommittee>true</AuditCommittee>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
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      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>171873</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>74786</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>176956</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>337110</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>266897</CurrentTaxYear>
        <Total>1027622</Total>
      </GiftsGrantsContribReceived170>
      <Total170>
        <CurrentTaxYearMinus4Years>171873</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>74786</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>176956</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>337110</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>266897</CurrentTaxYear>
        <Total>1027622</Total>
      </Total170>
      <PublicSupportTotal170>1027622</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>26498</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>27780</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>28260</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>28760</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>27420</CurrentTaxYear>
        <Total>138718</Total>
      </GrossInvestmentIncome170>
      <OtherIncome170>
        <CurrentTaxYearMinus4Years>121997</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>116786</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>20445</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>19207</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>20859</CurrentTaxYear>
        <Total>299294</Total>
      </OtherIncome170>
      <TotalSupport>1465634</TotalSupport>
      <PublicSupportPertcentage170>0.70110</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>1.00000</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
      <PublicSupportTotal509>0</PublicSupportTotal509>
      <PublicSupportPercentage509>0</PublicSupportPercentage509>
      <InvestmentIncomePercentage>0</InvestmentIncomePercentage>
      <FactsAndCircumstancesTest>OTHER INCOME PART II, LINE 10; DESCRIPTION: QVBAC CONTRACT REVENUE; 2008: 102857.; 2009: 76772.; 2010: 12000.; 2011: 12000.; 2012: 15000.; DESCRIPTION: TRAINING FEES; 2008: 19140.; 2009: 40014.; 2010: 8445.; 2011: 7207.; 2012: 5859.;</FactsAndCircumstancesTest>
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        <ContributorNameBusiness>
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        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
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    <IRS990ScheduleD documentId="00000004" softwareId="12000225">
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        <BookValue>102026</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>377815</OtherCostOrOtherBasis>
        <Depreciation>45223</Depreciation>
        <BookValue>332592</BookValue>
      </Buildings>
      <Equipment>
        <OtherCostOrOtherBasis>30644</OtherCostOrOtherBasis>
        <Depreciation>28220</Depreciation>
        <BookValue>2424</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>16363</OtherCostOrOtherBasis>
        <Depreciation>6061</Depreciation>
        <BookValue>10302</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>447344</TotalOfBookValueLandBuildings>
      <TotRevenueEtcAuditedFinclStmt>315176</TotRevenueEtcAuditedFinclStmt>
      <RevenueSubtotal>315176</RevenueSubtotal>
      <TotalRevenuePerForm990>315176</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>333686</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>333686</ExpensesSubtotal>
      <TotalExpensesPerForm990>333686</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIII>
        <Explanation>MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR ALL YEARS ENDING ON OR AFTER JUNE 30, 2009.</Explanation>
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      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>Ongoing communications and review</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15a</Identifier>
        <Explanation>Compensation determined by board of directors</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 19</Identifier>
        <Explanation>Available upon request</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 11b</Identifier>
        <Explanation>Executive director reviews government filings</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 2</Identifier>
        <Explanation>Ronald and Debra Christensen-Family relationship</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 7a</Identifier>
        <Explanation>Need information</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 6</Identifier>
        <Explanation>Need information</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part IX, Line 24f</Identifier>
        <Explanation>REPAIRS AND MAINTENANCE 6554. 0. 6554. 0. UTILITIES 5685. 0. 5685. 0. PRINTING AND POSTAGE 3020. 0. 3020. 0. TELEPHONE 3076. 0. 3076. 0. DUES AND SUBSCRIPTIONS 1483. 0. 1483. 0. PAYROLL SERVICE 1349. 0. 1349. 0. BANK AND CREDIT CARD FEES 1207. 1017. 190. 0. CDFI PROGRAM EXPENSES 7341. 7341. 0. 0. HARDWICK MILL PROJECT 386. 386. 0. 0. SOFTWARE 493. 0. 493. 0. COMPUTER SOFTWARE AND MATERIALS 10378. 10378. 0. 0. ALLOCATION OF BUILDING IMPROVEMENTS TO QVBAC 18795. 18795. 0. 0.</Explanation>
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        <NameOfDisregardedEntity>
          <BusinessNameLine1>QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>23 WEST MAIN STREET SUITE 1</AddressLine1>
          <City>WARE</City>
          <State>MA</State>
          <ZIPCode>01082</ZIPCode>
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        <EIN>043268142</EIN>
        <PrimaryActivities>Lending capital to local businesses</PrimaryActivities>
        <LegalDomicileState>MA</LegalDomicileState>
        <ExemptCodeSection>501(c)3</ExemptCodeSection>
        <PublicCharityStatus>170(b)(1)(A)(ii)</PublicCharityStatus>
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      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>true</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <DividendsRelatedOrganization>false</DividendsRelatedOrganization>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>true</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>true</ReimbursementPaidByOtherOrg>
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          <BusinessNameLine1>QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION</BusinessNameLine1>
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        <MethodOfAmtDetermination>CONTRACT</MethodOfAmtDetermination>
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      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION</BusinessNameLine1>
        </NameOfOtherOrganization>
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        <MethodOfAmtDetermination>INVOICES</MethodOfAmtDetermination>
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      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>d</TransactionType>
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        <MethodOfAmtDetermination>LOAN STATEMENTS</MethodOfAmtDetermination>
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      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>q</TransactionType>
        <AmountInvolved>67829</AmountInvolved>
        <MethodOfAmtDetermination>Grant Related Invoices</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
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</Return>