WESTMASS AREA DEVELOPMENT CORPORATION
Data sourced from IRS 990 public filings
WESTMASS AREA DEVELOPMENT CORPORATION 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.
Annual Revenue
$3,984,212
Known Funders
1
Grants Received
1
Financial History
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $3,984,212 | $1,114,915 | $16,471,106 |
| 2023 | $4,440,011 | $1,012,685 | $15,060,890 |
| 2022 | $2,003,494 | $741,567 | $12,974,810 |
| 2021 | $1,784,584 | $527,415 | $10,504,202 |
| 2020 | $247,063 | $451,527 | $9,490,647 |
| 2019 | $132,536 | $483,130 | $9,669,038 |
| 2018 | -$60,832 | $420,475 | $10,099,211 |
| 2017 | -$314,467 | $403,599 | $10,582,290 |
Top Funders
SPRINGFIELD, MA
Key Personnel
From 2024 IRS 990 filing
Antonio Dos Santos
Director
Christopher Myhrum
Director
George Flevotomos
Director
Stanley Kowalski III
Director
Ashley Sullivan
Director
David Ference
Director
Jeffrey Hayden
Director
Jeffrey Daley
President
JEFFERY LESIEGE
VP CONSTRUCTION
SARAH LACOUR
VP OPERATIONS
Showing 10 of 21 key personnel.
Frequently Asked Questions
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