Overview
What is Economic Development Corporation Of Weslaco?
The Economic Development Corporation of Weslaco, located in Weslaco, Texas, serves as a catalyst for enhancing economic and industrial activities within the city. Its primary role is to retain and expand existing businesses, as well as attract new ones, thus injecting fresh capital into the local economy. The corporation plays a significant part in maintaining the industrial park buildings, roads, signs, and city infrastructure, including landscaping. Additionally, a portion of their operations is dedicated to managing depreciation expenses, totaling $160,856. With a team of seven dedicated individuals, the Economic Development Corporation of Weslaco is committed to bolstering the economic growth and prosperity of the city of Weslaco.
Official website here: www.weslacoedc.com
Is Economic Development Corporation Of Weslaco legitimate?
Economic Development Corporation Of Weslaco is a legitimate nonprofit organization registered as a 501(c)(6) entity. Economic Development Corporation Of Weslaco 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $97,625
Professional Fundraising Fees: $0
Other Salaries and Wages: $198,098
For more financial information, click here
Official website here: www.weslacoedc.com
What is the mission statement of Economic Development Corporation Of Weslaco?
The Economic Development Corporation's primary objective is to enhance economic and industrial activities. Its main focus is on retaining and expanding existing businesses, attracting new ones, and improving community assets. This endeavor ultimately infuses new funds into the local economy. The corporation also engages in property management tasks, such as maintaining industrial park buildings, roadways, signs, and city infrastructure, including landscaping. The depreciation expense for these activities amounts to $160,856.
Official website here: www.weslacoedc.com
Who is the CEO of Economic Development Corporation Of Weslaco?
Benita Valadez is the President of Economic Development Corporation Of Weslaco.
Official website here: www.weslacoedc.com
What is the revenue of Economic Development Corporation Of Weslaco?
Economic Development Corporation Of Weslaco's revenue in 2022 was $4,956,590.
Official website here: www.weslacoedc.com
Who are the executives of Economic Development Corporation Of Weslaco and what are their salaries?
The average compensation at Economic Development Corporation Of Weslaco during 2022 was $42,246. There are 7 employees at Economic Development Corporation Of Weslaco.
Here are 8 key members and their salaries:
- Compensation: $97,625
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.weslacoedc.com
Where can I find the form 990 for Economic Development Corporation Of Weslaco?
Economic Development Corporation Of Weslaco's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.weslacoedc.com
Learn more at the official website: www.weslacoedc.com
Mission Statement of Economic Development Corporation Of Weslaco
The Economic Development Corporation of Weslaco is committed to enhancing economic and industrial activities within its sphere. Its primary focus is on retaining and expanding existing businesses, as well as attracting new ones. This strategic approach aims to inject fresh capital into the local economy, thereby contributing to its overall growth and development. In addition to business development, the Economic Development Corporation of Weslaco also engages in community asset enhancement. This involves providing incentives to both existing and new businesses, as well as maintaining and improving the city's infrastructure and landscape. Notably, the corporation's activities also include the management of industrial park buildings and associated facilities, which contributes to the overall attractiveness and functionality of the business environment.
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Impact
October, 2024
The Economic Development Corporation of Weslaco plays a pivotal role in enhancing the economic landscape of the city. By providing critical incentives for both existing and new businesses, it fosters an environment conducive to growth and sustainability. This focus on business retention and expansion not only supports local entrepreneurs but actively attracts new enterprises, thereby infusing fresh capital into the local economy.
Additionally, the Corporation engages in property management and maintenance of industrial park buildings and city infrastructure. This commitment ensures that public spaces are well-kept and functional, which is essential for attracting and retaining businesses. The enhancement of community assets contributes to the overall quality of life in Weslaco, making it a more desirable location for both residents and businesses alike.
Through its efforts, the Economic Development Corporation of Weslaco significantly impacts the local economy by driving industrial activities, creating jobs, and fostering a thriving community atmosphere that benefits all residents.
This information is meant to be a general summary of Economic Development Corporation Of Weslaco. 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: $111,307
- Program Service Revenue: $4,788,959
- Gross Receipts: $4,956,590
Assets and Liabilities:
- Total Assets: $20,401,639
- Total Liabilities: $2,023,622
- Net Assets: $18,378,017
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROMOTION & DEVELOPMENT
Revenue
$32,473
PROPERTY MANAGEMENT
Revenue
$226,760
SALES TAX REVENUE
Revenue
$4,529,726
Organization Details
Founding Year
1990
Phone
(956) 969-0838Principal Officer
Benita Valadez
Main Address
275 S KANSAS BLVD, WESLACO, TX, 78596
Website
www.weslacoedc.comNTEE Category
Code: S30 - Community improvement
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