NonprofitsDowntown Westfield Community Development Corporation

Public & Societal Benefit

Downtown Westfield Community Development Corporation

INDIANAPOLIS, IN

Total revenue

$20.1M

Total expenses

$329K

Net assets

$19.8M

Grants received

EIN

301402274

Tax year

2024

Mission

Downtown Westfield Community Development Corporation (DWCDC) is operated exclusively to promote the social welfare of the City of Westfield's (the City's) residents by advancing redevelopment and revitalization efforts which enhance the community's social, cultural, and economic conditions. DWCDC supports projects that improve public spaces, infrastructure, and facilities; stimulate capital investment; and encourage rehabilitation of commercial and residential properties. By assisting initiatives that beautify the City of Westfield and foster business and employment growth, the organization plays a key role in transforming underutilized areas into vibrant, functional, and inclusive spaces aligned with the City's development goals. All efforts are aimed at benefiting the public and aligning with the City's broader development goals

Programs

1 program

Public Asset Management and Redevelopment Projects: DWCDC owns and manages real estate and infrastructure assets that support the City of Westfield's long-term redevelopment and public improvement goals. These assets include properties held for future development and revitalization. Related expenses include depreciation and insurance on capital assets that are essential to advancing DWCDC's exempt purpose of stimulating economic growth and enhancing public spaces.

Expenses: $64K

Financials

FY 2024

Revenue

Contributions & grants$20.0M
Program service revenue
Investment income
Other revenue$249K
Total revenue$20.1M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$329K
Total expenses$329K
Total assets$20.3M
Net assets$19.8M

People

3 listed

NameRoleCompensation

Jim Ake

President

Board

1 hrs/wk

Mark Keen

Vice President

Board

1 hrs/wk

Chris White

Secretary

Board

1 hrs/wk

Details

EIN301402274
NTEE codeW12
Subsection04
Ruling date2025-06
Formed2024
Employees0
Volunteers0
DOWNTOWN WESTFIELD COMMUNITY DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo