Westfield Development Corp
- Assets
- $78.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westfield, NY
- Founding
- 10/1990
- Data as of
- 12/2022
- EIN
- 16-1335767
Organization Overview
Westfield Development Corp is located in Westfield, NY. The organization was established in 1990. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westfield Development Corp is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Westfield Development Corp generated $62.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $50.6k during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MUNICIPAL FUNDS WERE SECURED FOR THE DEVELOPMENT OF A BUSINESS ATTRACTION AND RETENTION PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Seachrist President | 0 | $0 | |
Al Holbrook Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $62,500 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $50,556 |
| Total expenses | $50,556 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $78,163 |
| Other assets | $0 |
| Total assets | $78,163 |
| Total liabilities | $0 |
| Net assets or fund balances | $78,163 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ndc Housing And Economic Development Corporation Brooklyn, NY | $24,571,760 | $10,401,743 |
Habitat For Humanity International Inc Maple Shade, NJ | $11,003,483 | $12,605,455 |
Greater Berks Development Fund Reading, PA | $39,552,158 | $9,719,449 |
Crotona Park West Housing Development Fund Corporation New York, NY | $24,353,081 | $7,261,955 |
Evergreen Estates Housing Development Fund Company Inc New York, NY | $7,286,125 | $3,876,768 |
Bushwick United Housing Development Fund Corporation Brooklyn, NY | $1,708,540 | $8,681,801 |
Settlement Housing Fund Inc New York, NY | $50,728,547 | $11,765,294 |
Habitat For Humanity International Inc Philadelphia, PA | $20,358,278 | $15,243,125 |
Associated Blind Housing Development Fund Inc Suffern, NY | $60,912,247 | $8,378,742 |
Housing Plus Solutions Inc Brooklyn, NY | $3,042,973 | $8,488,252 |
Owl Tallahassee Housing Inc Boston, MA | $28,680,052 | $6,023,225 |
Lgarpa Corp Turtle Creek, PA | $11,929,864 | $9,395,264 |