NonprofitsThe Economic Development Corporation Of Weslaco

Community Improvement & Capacity Building

The Economic Development Corporation Of Weslaco

WESLACO, TX

Total revenue

$8.6M

Total expenses

$4.5M

Net assets

$22.4M

Grants received

EIN

742588704

Tax year

2022

Mission

The economic development corporation's primary purpose is to enhance economic and industrial activities for the city of weslaco.its most significant activities are in providing incentives to existing businesses and new businesses and enhancing community assets

Programs

2 programs

Property management - maintenance of industrial park buildings, roadways, signs and city's infrastructure maintenance and landscaping, including depreciation expense of $148,578

Promotion and development: community workforce training of $6,916 and general advertisement to attract visitors to the city of weslaco business district and industrial park.

Financials

FY 2022

Revenue

Contributions & grants$1.5M
Program service revenue$5.2M
Investment income$1.3M
Other revenue$564K
Total revenue$8.6M

Expenses

Grants paid$3.1M
Salaries & benefits$397K
Fundraising
Other expenses$1.0M
Total expenses$4.5M
Total assets$37.6M
Net assets$22.4M

People

8 listed

NameRoleCompensation

KRISTOPHER M GARCIA

MEMBER

Board

2 hrs/wk

JOE D OLIVAREZ

MEMBER

Board

2 hrs/wk

JERRY GONZALEZ

President

Board

2 hrs/wk

FRED PEREZ

Secretary

Board

4 hrs/wk

JUAN JOSE SERRANO JR

MEMBER

Board

4 hrs/wk

BENITA VALADEZ

Treasurer

Board

4 hrs/wk

SANDRA CHARLTON CPA

Vice President

Board

4 hrs/wk

STEVEN M VALDEZ

Staff

$97K

40 hrs/wk

Details

EIN742588704
NTEE codeS30
Subsection06
Ruling date1992-03
Formed1990
Employees7
THE ECONOMIC DEVELOPMENT CORPORATION OF WESLACO — Mission, Financials & Grants Received | Grantivo