Overview
What is West Bend Economic Development Corp?
West Bend Economic Development Corporation, located in West Bend, Iowa, is a nonprofit organization committed to fostering economic growth in the area. Their activities encompass various stages of housing development, starting with land acquisition in 2021. They completed survey and mapping in 2022 and are planning to commence construction of infrastructure like storm and sanitary sewers and utilities in 2023. In addition, they will sell building lots for single-family dwellings around the same time. The corporation also played a role in selling lots in the industrial park to support an existing business's expansion, enabling them to store ingredients on-site instead of at a distant location, thereby making operations more economical. In line with their mission, they are dedicated to promoting economic development in the West Bend, Iowa area.
Is West Bend Economic Development Corp legitimate?
West Bend Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. West Bend Economic Development Corp 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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What is the mission statement of West Bend Economic Development Corp?
The West Bend Economic Development Corp's mission is centered around promoting economic growth in an unspecified area. Specifically, their role is to facilitate this development, working towards the betterment of the local economy. In recent years, they have initiated a housing development project, with land acquisition and planning stages completed in 2021 and 2022 respectively. Construction of necessary infrastructure, such as sewers and utilities, is expected to begin in 2023, followed by the sale of building lots for single-family dwellings. Additionally, the corporation has played a part in allowing a local business to expand its storage facilities, which was previously located 20 miles away. This expansion has resulted in more economical handling of ingredients for the business.
Who is the CEO of West Bend Economic Development Corp?
Darin Massner is the President of West Bend Economic Development Corp.
What is the revenue of West Bend Economic Development Corp?
West Bend Economic Development Corp's revenue in 2022 was $87,302.
Who are the executives of West Bend Economic Development Corp and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for West Bend Economic Development Corp?
West Bend Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of West Bend Economic Development Corp
West Bend Economic Development Corp, as its name suggests, is dedicated to fostering economic growth in its specific area. This mission is materialized through various initiatives, one of which is the planning of a housing development. The organization initiated the process in 2021 by acquiring the necessary land. The subsequent stages involved completing survey and mapping in 2022. The construction of infrastructure such as storm and sanitary sewers, as well as utilities, is anticipated to commence in 2023. In addition to this housing project, West Bend Economic Development Corp has also facilitated the sale of lots in its industrial park to an existing business, allowing the company to expand its storage of ingredients on-site instead of at a location 20 miles away. This move is expected to improve the business's handling of ingredients more economically. Overall, West Bend Economic Development Corp's mission is to promote economic development in its area through strategic projects and initiatives.
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Impact
October, 2024
The West Bend Economic Development Corp is making significant strides in enhancing the economic landscape of the West Bend, Iowa area. By initiating a housing development project, the organization has laid the groundwork for future growth and community expansion. Land acquisition was completed in 2021, followed by survey and mapping in 2022, setting the stage for vital infrastructure construction, including storm and sanitary sewers, as well as utilities, anticipated to commence in 2023.
In addition to bolstering housing opportunities, the sale of building lots for single-family homes will also begin in 2023, addressing the community’s need for residential development. Furthermore, the organization has facilitated the sale of lots in the industrial park, allowing an existing business to expand its storage capabilities locally, rather than relying on a more distant site. This expansion not only streamlines operations for the business but also contributes to more efficient handling of ingredients, fostering local economic sustainability. Overall, the West Bend Economic Development Corp is actively shaping a vibrant community through strategic planning and development initiatives.
This information is meant to be a general summary of West Bend Economic Development Corp. 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: $1,056
- Gross Receipts: $108,939
Assets and Liabilities:
- Total Assets: $1,187,585
- Total Liabilities: $677,476
- Net Assets: $510,109
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Organization Details
Founding Year
1984
Principal Officer
Darin Massner
Main Address
PO BOX 111, WEST BEND, IA, 50597
NTEE Category
Code: S32 - Community improvement
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