Westfield Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 161335767 ✦ Westfield, NY ✦ Designated as a 501(c)(6)

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Overview

What is Westfield Development Corporation?

Westfield Development Corporation is a nonprofit organization based in Westfield, New York. The primary objective of this organization, as established through the securing of municipal funds, is to stimulate economic growth within the local area. Their mission focuses on attracting and retaining businesses, thereby contributing to the overall development of the community in and around Westfield.

Is Westfield Development Corporation legitimate?

Westfield Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Westfield Development Corporation submitted a form 990EZ, 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.

What is the mission statement of Westfield Development Corporation?

The Westfield Development Corporation's mission involves the utilization of municipal funds to foster economic growth. Their primary focus is on attracting and retaining businesses, thereby promoting development in the surrounding areas. This organization plays a significant role in facilitating economic expansion within their jurisdiction.

Who is the CEO of Westfield Development Corporation?

Joel Seachrist is the President of Westfield Development Corporation.

What is the revenue of Westfield Development Corporation?

Westfield Development Corporation's revenue in 2022 was $62,500.

Who are the executives of Westfield Development Corporation and what are their salaries?


Here are 2 key members and their salaries:


Joel Seachrist (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Al Holbrook (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Westfield Development Corporation?

Westfield Development Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Westfield Development Corporation

Westfield Development Corporation, as outlined in the provided information, is a nonprofit organization whose primary mission is to leverage municipal funds for the purpose of fostering economic development within and surrounding Westfield. With this financial support, its goal is to attract and retain businesses, thereby stimulating growth and prosperity in the area. This mission is executed through the development of strategic programs aimed at promoting business expansion and sustainability, ultimately contributing to the overall economic well-being of the community.

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Impact




October, 2024

Westfield Development Corporation plays a crucial role in fostering economic development in and around Westfield, NY. By securing municipal funds, the organization has established a business attraction and retention program that aims to enhance the local economy. This initiative focuses on creating a thriving business environment, which in turn supports job creation, increases local investment, and strengthens the community.

Through its efforts, Westfield Development Corporation not only facilitates growth for existing businesses but also attracts new enterprises, contributing to the overall vitality of the region. The organization's commitment to community improvement helps to ensure that Westfield evolves as a competitive and sustainable location for commerce, ultimately enhancing the quality of life for residents.




This information is meant to be a general summary of Westfield 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.

Revenue
$62,500 (2022)
Expenses
$50,556 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $62,500

Assets and Liabilities:

  • Total Assets: $78,163
  • Total Liabilities: $0
  • Net Assets: $78,163

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Organization Details

Principal Officer

Joel Seachrist

Main Address

31 East Main Street, Westfield, NY, 14787

NTEE Category

Code: S31 - Community improvement

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