NonprofitsWestmass Area Development Corp

Westmass Area Development Corp

SPRINGFIELD, MA

Total revenue

$4.0M

Total expenses

$1.1M

Net assets

$11.0M

Grants received

EIN

046057343

Tax year

2024

Mission

The purposes of the corporation shall be to promote, stimulate, develop, and advance the business prosperity and economic welfare of the western massachusetts region and the citizens thereof, to encourage and assist, through loans, investments, or other business transactions, the location of new business and industry in the western massachusetts region; to rehabilitate and assist existing business and industry; and so to stimulate and assist in the expansion of all kinds of business activity which will tend to promote the business development and maintain the economic stability of the western massachusetts region, provide maximum opportunities for employment, encourage thrift, and improve the standard of living of its citizens; and similarly to endeavor to increase and diversify industry and employment.

Financials

FY 2024

Revenue

Contributions & grants$3.1M
Program service revenue$302K
Investment income$79K
Other revenue$530K
Total revenue$4.0M

Expenses

Grants paid
Salaries & benefits$689K
Fundraising
Other expenses$426K
Total expenses$1.1M
Total assets$16.5M
Net assets$11.0M

People

21 listed

NameRoleCompensation

Jeffrey Daley

President

Board

$338K

37.5 hrs/wk

AJ Crane

Chairman

Board

2 hrs/wk

Matt DAmour

Vice Chair

Board

2 hrs/wk

Victoria Healy

Treasurer

Board

2 hrs/wk

Dan Burack

Secretary

Board

2 hrs/wk

John Maybury

Director

Board

2 hrs/wk

Ronald J Abdow

Director

Board

0.5 hrs/wk

Keith Nesbitt

Director

Board

0.75 hrs/wk

Steven M Roberts

Director

Board

0.5 hrs/wk

Julie Foley

Director

Board

1 hrs/wk

Andrew Drew Davis

Director

Board

2 hrs/wk

Jeffrey Hayden

Director

Board

0.5 hrs/wk

David Ference

Director

Board

0.75 hrs/wk

Ashley Sullivan

Director

Board

1 hrs/wk

Stanley Kowalski III

Director

Board

1 hrs/wk

George Flevotomos

Director

Board

1 hrs/wk

Christopher Myhrum

Director

Board

0.75 hrs/wk

Antonio Dos Santos

Director

Board

1.5 hrs/wk

JEFFERY LESIEGE

VP CONSTRUCTION

Staff

$198K

37.5 hrs/wk

SARAH LACOUR

VP OPERATIONS

Staff

$178K

37.5 hrs/wk

JESSIE ALT

DIR FIN AND HR

Staff

$143K

37.5 hrs/wk

Independent contractors

Geeleher Enterprises Inc

Excavating

$1.7M

A Crane Construction LLC

Construction

$316K

Elm Electrical Inc

Electrical

$291K

Details

EIN046057343
Subsection06
Ruling date1961-11
Formed1960
Employees8
Volunteers17
WESTMASS AREA DEVELOPMENT CORP — Mission, Financials & Grants Received | Grantivo