West Community Economic Development Corporation

Organization Overview

West Community Economic Development Corporation, operating under the name Bucu West Development Center, is located in Denver, CO. The organization was established in 1991. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Bucu West Development Center employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bucu West Development Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Bucu West Development Center generated $847.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.2% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 32.6% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO CREATE A DESTINATION THAT PROMOTES AND SUPPORTS ENTREPRENEURS, SMALL BUSINESS, CULTURAL ORGANIZATIONS AND RESIDENTS IN AN AUTHENTIC, ENERGETIC AND ENERGETIC AND COLORFUL ENVIRONMENT.

Describe the Organization's Program Activity:

SMALL BUSINESS SUPPORT, NEIGHBORHOOD REVITALIZATION, ECONOMIC DEVELOPMENT


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Board, Officers & Key Employees

Name (title)Compensation
Jose Esparza
Executive Director
$97,346
Aaron Elinoff
President
$0
Nestor Castillo
Treasurer
$0
Christina Contreras
Vice President/secretary
$0
Nicole Martinez
Member At Large
$0
Hiram Licea
Member At Large
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $229,600
All other contributions, gifts, grants, and similar amounts not included above$784,064
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,013,664
Total Program Service Revenue$171,447
Investment income $1,104
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$37,391
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $847,271

Grants Recieved

Over the last fiscal year, we have identified 8 grants that West Community Economic Development Corporation has recieved totaling $215,000.

Awarding OrganizationAmount
Gates Family Foundation

Denver, CO

PURPOSE: RENOVATION

$50,000
Denver Foundation

Denver, CO

PURPOSE: WEST DENVER COMMUNITY CONNECTORS

$40,000
Latino Community Foundation Of Colorado Inc

Denver, CO

PURPOSE: GENERAL OPERATING

$27,500
Bloomberg Family Foundation Inc

New York, NY

PURPOSE: ASPHALT ART INITIATIVE FOR THE CITY OF DENVER, CO

$25,000
Gates Family Foundation

Denver, CO

PURPOSE: PROJECT SUPPORT

$20,000
Bonfils-Stanton Foundation

Denver, CO

PURPOSE: GENERAL OPERATING TO SUPPORT THE ARTISTIC PROGRAMS OF D3 ARTS

$20,000
View Grant Recipient Profile

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