NonprofitsWessex 504 Corporation

Community Improvement & Capacity Building

Wessex 504 Corporation

ARLINGTON HEIGHTS, IL

Total revenue

$667K

Total expenses

$698K

Net assets

$181K

Grants received

EIN

272304093

Tax year

2023

Mission

Wessex 504 corporation is a non-profit company certified by the u. S. Small business administration to originate and service sba 504 loans. As an sba certified development company, wessex 504 corporation works with the small business administration and lenders to deliver the 504 loan program to businesses. Wessex 504's objective is to assist healthy, growing businesses secure long term, below market, fixed rate financing for the acquisition of real estate or capital equipment. In turn, these businesses are able to create new jobs and strengthen their communities while continuing to grow.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$608K
Investment income
Other revenue$59K
Total revenue$667K

Expenses

Grants paid
Salaries & benefits$512K
Fundraising
Other expenses$186K
Total expenses$698K
Total assets$180K
Net assets$181K

People

8 listed

NameRoleCompensation

GARRETT DRUCKER

PRESIDENT

Board

$219K

40 hrs/wk

MIKE BARBAGLIA

DIRECTOR

Board

0.25 hrs/wk

BEN BIZUB

DIRECTOR

Board

0.25 hrs/wk

EMILIO DICESARE

DIRECTOR

Board

0.25 hrs/wk

HEATHER FIORE

DIRECTOR

Board

0.25 hrs/wk

KATY JONES

DIRECTOR

Board

0.25 hrs/wk

MIKE LAMBERT

DIRECTOR

Board

0.25 hrs/wk

ROBERT SULLIVAN

SECRETARY

Board

0.25 hrs/wk

Details

EIN272304093
NTEE codeS30
Subsection04
Ruling date2011-04
Formed2010
Employees2
WESSEX 504 CORPORATION — Mission, Financials & Grants Received | Grantivo