Overview
What is Westmass Area Development Corporation?
Westmass Area Development Corporation is a nonprofit organization situated in Springfield, Massachusetts. Its primary mission is to boost business and economic growth in the western Massachusetts region by acquiring, permitting, and developing industrial and business resources. These resources encompass industrial/business parks and complex mill/brownfield redevelopment projects. The corporation aims to stimulate new business and industry location, support and assist existing businesses, and expand business activity to promote economic stability, provide employment opportunities, and improve the standard of living for the region's citizens.
Official website here: www.westmassdevelopment.com
Is Westmass Area Development Corporation legitimate?
Westmass Area Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Westmass Area Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.westmassdevelopment.com
What is the mission statement of Westmass Area Development Corporation?
The Westmass Area Development Corporation's mission is centered around promoting, stimulating, and developing business prosperity and economic welfare in its region. The corporation aims to encourage and assist in the location of new businesses and industries, as well as rehabilitate and assist existing ones, with the goal of expanding various business activities. This endeavor is intended to promote business development, maintain economic stability, provide ample employment opportunities, encourage thrift, and improve the standard of living for its citizens. Additionally, the corporation seeks to increase and diversify industry and employment within its jurisdiction.
Official website here: www.westmassdevelopment.com
Who is the CEO of Westmass Area Development Corporation?
Jeffrey Daley is the Director of Westmass Area Development Corporation.
Official website here: www.westmassdevelopment.com
What is the revenue of Westmass Area Development Corporation?
Westmass Area Development Corporation's revenue in 2022 was $2,003,494.
Official website here: www.westmassdevelopment.com
Who are the executives of Westmass Area Development Corporation and what are their salaries?
There 20 volunteers at Westmass Area Development Corporation.
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Official website here: www.westmassdevelopment.com
Where can I find the form 990 for Westmass Area Development Corporation?
Westmass Area Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.westmassdevelopment.com
Learn more at the official website: www.westmassdevelopment.com
Mission Statement of Westmass Area Development Corporation
Westmass Area Development Corporation, as per its stated objectives, is committed to fostering business prosperity and enhancing the economic well-being of its region and its citizens. The corporation achieves this by encouraging and assisting the establishment of new businesses and industries through various financial transactions, such as loans and investments. Furthermore, it assists in rehabilitating and expanding existing businesses, thereby stimulating a diverse range of economic activities. The ultimate goal is to promote business development, maintain economic stability, and create ample employment opportunities, all while encouraging thrift and improving the living standard of the region's inhabitants. Westmass Area Development Corporation's mission is to essentially drive growth and development in the business sector, thereby benefiting the local community as a whole.
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Impact
October, 2024
Westmass Area Development Corporation significantly enhances the economic landscape of the Western Massachusetts region by fostering business prosperity and welfare. Through strategic initiatives, the organization promotes the establishment of new businesses and industries, while also aiding existing enterprises in growth and rehabilitation.
Its efforts include the acquisition and development of industrial and business resources, such as parks and complex redevelopment projects for mills and brownfields, which are crucial for stimulating local economic activity. By providing financial support through loans and investments, Westmass creates an environment favorable for business expansion, ultimately leading to increased employment opportunities and improved living standards for residents.
The organization's focus on diversifying industry and enhancing job prospects plays a vital role in maintaining the region's economic stability, encouraging thrift and resilience among the community. Overall, Westmass Area Development Corporation acts as a catalyst for sustainable economic development in Western Massachusetts.
This information is meant to be a general summary of Westmass Area Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4
- Program Service Revenue: $210,968
- Gross Receipts: $4,044,739
Assets and Liabilities:
- Total Assets: $12,974,810
- Total Liabilities: $6,741,015
- Net Assets: $6,233,795
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT SERVICES
Revenue
$210,968
Organization Details
Founding Year
1960
Phone
(413) 593-1386Principal Officer
Jeffrey Daley
Main Address
ONE MONARCH PLACE SUITE 1120, SPRINGFIELD, MA, 01144
Website
www.westmassdevelopment.comIf you are a representative of Westmass Area Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.