WESTOVER METROPOLITAN DEVELOPMENT CORP: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
WESTOVER METROPOLITAN DEVELOPMENT CORP (EIN 04-2553520)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-11
IRS object ID
202203159349303160
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-11T11:10:04-06:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN030288632PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DOWNEY PIECIAK FITZGERALD & CO PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1488 NEWTON STREETAddressLine1Txt
CitySOUTH HADLEYCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01075ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN042553520EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WESTOVER METROPOLITAN DEVELOPMENT CORPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWESTBusinessNameControlTxt
Phone4135935543PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1255 PADGETTE STREETAddressLine1Txt
CityCHICOPEECityNm
State AbbreviationMAStateAbbreviationCd
ZIP01022ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL BOLTONPersonNm
Person TitleCEOPersonTitleTxt
Phone4135936421PhoneNum
Signature2022-11-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMICHAELPersonFirstNm
Person LastBOLTONPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKEITH H PURCELL CPAPreparerPersonNm
PTINP00601405PTIN
Phone4137342163PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMICHAEL BOLTONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1255 PADGETTE STREET SUITE ONEAddressLine1Txt
CityCHICOPEECityNm
State AbbreviationMAStateAbbreviationCd
ZIP01022ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,512,545GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1974FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionAID PRIVATE ENTERPRISE IN THE CONVERSION AND REDEVELOPMENT OF LANDS FORMERLY USED AT WESTOVER AIR FORCE BASE TO NONMILITARY USE IN ORDER TO REDUCE UNEMPLOYMENT AND ECONOMIC BLIGHT.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers9TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,373,915PYContributionsGrantsAmt
CY Contributions Grants$809,306CYContributionsGrantsAmt
PY Program Service Revenue$1,920,096PYProgramServiceRevenueAmt
CY Program Service Revenue$1,707,056CYProgramServiceRevenueAmt
PY Investment Income$3,134PYInvestmentIncomeAmt
CY Investment Income$2,903CYInvestmentIncomeAmt
PY Other Revenue$192,957PYOtherRevenueAmt
CY Other Revenue$290,749CYOtherRevenueAmt
PY Total Revenue$3,490,102PYTotalRevenueAmt
CY Total Revenue$2,810,014CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,163,585PYOtherExpensesAmt
CY Other Expenses$2,374,119CYOtherExpensesAmt
PY Total Expenses$2,163,585PYTotalExpensesAmt
CY Total Expenses$2,374,119CYTotalExpensesAmt
PY Revenues Less Expenses$1,326,517PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$435,895CYRevenuesLessExpensesAmt
Total Assets BOY$18,297,074TotalAssetsBOYAmt
Total Assets EOY$18,341,408TotalAssetsEOYAmt
Total Liabilities BOY$3,129,433TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,737,872TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$15,167,641NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$15,603,536NetAssetsOrFundBalancesEOYAmt
MissionAID PRIVATE ENTERPRISE IN THE CONVERSION AND REDEVELOPMENT OF LANDS FORMERLY USED AT WESTOVER AIR FORCE BASE TO NONMILITARY USE IN ORDER TO REDUCE UNEMPLOYMENT AND ECONOMIC BLIGHT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,181,305ExpenseAmt
Revenue$1,654,580RevenueAmt
DescOPERATIONS AND IMPROVEMENTS OF A MUNICIPAL AIRPORT TO ENHANCE THE ECONOMY OF THE LOCAL COMMUNITYDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$74,359ExpenseAmt
Revenue$343,225RevenueAmt
DescINDUSTRIAL PARK LAND SALES, RENTALS, AND DEVELOPMENT ACTIVITIES TO EXPAND ECONOMIC OPPORTUNITY IN THE COMMUNITYDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$2,255,664TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LYNN KUCEJKO CHIEF FINANCIAL OFFICERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4135935543PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1255 PADGETTE STREET SUITE 1AddressLine1Txt
CityCHICOPEECityNm
State AbbreviationMAStateAbbreviationCd
ZIP01022ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
JOHN J LIBERA JR
CHAIR2.00Yes (X)Yes (X)$0$0$0
LUKE KETTLES
TREASURER3.00Yes (X)Yes (X)$0$0$0
LARRY EAGAN
DIRECTOR0.50Yes (X)$0$0$0
MARIE LAFLAMME
DIRECTOR0.50Yes (X)$0$0$0
ED CZEPIEL
DIRECTOR1.00Yes (X)$0$0$0
KIM DOWNING
VICE CHAIR0.50Yes (X)Yes (X)$0$0$0
DENNIS DESMARAIS
SECRETARY1.00Yes (X)Yes (X)$0$0$0
BUD SHUBACK
DIRECTOR0.50Yes (X)$0$0$0
DEREK DEBARGE
DIRECTOR0.50Yes (X)$0$0$0
MICHAEL BOLTON
CEO40.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
ECONOMIC DEVELOPMENT COUNCIL OF WESTERN
1441 MAIN STREETSPRINGFIELDMA01103MANAGEMENT SERVICES$912,347
POULIN CONSTRUCTION
299 PRINCETON RDSTERLINGMA01564CONSTRUCTION$614,504
WELL BILT INDUSTRIES
3001 SW 67TH AVE RDOCALAFL34474CONSTRUCTION$194,695
STANTEC
13980 COLLECTIONS CENTER DRCHICAGOIL60693CONSULTING$114,306
B-G MECHANICAL CONTRACTORS
6 SECOND STCHICOPEEMA01020CONSTRUCTION$111,617
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
Government Grants$689,845GovernmentGrantsAmt
All Other Contributions$119,461AllOtherContributionsAmt
Total Contributions$809,306TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTAL INCOME531120$1,541,766$1,541,766
MISCELLANEOUS REVENUE480000$100,734$100,734
FLIGHT SERVICES480000$35,147$35,147
LANDING FEES480000$26,430$26,430
SECURITY INCOME480000$1,900$1,900

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,079TotalRevenueColumnAmt
Related Or Exempt Func Income$1,079RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$1,707,056TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,903TotalRevenueColumnAmt
Exclusion$2,903ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$993,280GrossSalesOfInventoryAmt
Cost Of Goods Sold$702,531CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$290,749TotalRevenueColumnAmt
Related Or Exempt Func Income$290,749RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,810,014TotalRevenueColumnAmt
Related Or Exempt Func Income$1,997,805RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$2,903ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$912,347TotalAmt
Program Services$834,611ProgramServicesAmt
Management And General$77,736ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$24,452TotalAmt
Program Services$22,554ProgramServicesAmt
Management And General$1,898ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$12,305TotalAmt
Program Services$10,459ProgramServicesAmt
Management And General$1,846ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$14,643TotalAmt
Program Services$14,643ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$2,282TotalAmt
Program Services$2,282ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$30,014TotalAmt
Program Services$29,755ProgramServicesAmt
Management And General$259ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$97,341TotalAmt
Program Services$97,341ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,474TotalAmt
Management And General$1,474ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$5,200TotalAmt
Program Services$5,200ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$81,969TotalAmt
Program Services$57,378ProgramServicesAmt
Management And General$24,591ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$849,715TotalAmt
Program Services$843,909ProgramServicesAmt
Management And General$5,806ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$103,762TotalAmt
Program Services$103,762ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
CONTRACT SERVICES$105,578$104,604$974
MAINTENANCE$93,332$93,332
JOINT USE CHARGES$30,700$30,700
SUPPLIES$9,005$5,134$3,871

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,374,119TotalAmt
Program Services$2,255,664ProgramServicesAmt
Management And General$118,455ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$519,534BOYAmt
EOY$670,995EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$603,518BOYAmt
EOY$1,006,422EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$864,756BOYAmt
EOY$258,008EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$1,322,925BOYAmt
EOY$1,349,461EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$31,536BOYAmt
EOY$76,043EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$26,389,494LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$11,409,015LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$14,954,805BOYAmt
EOY$14,980,479EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$18,297,074BOYAmt
EOY$18,341,408EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$689,864BOYAmt
EOY$274,425EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$124,663BOYAmt
EOY$98,262EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,597,484BOYAmt
EOY$1,599,070EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$717,422BOYAmt
EOY$766,115EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,129,433BOYAmt
EOY$2,737,872EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$11,265,157BOYAmt
EOY$11,697,843EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,902,484BOYAmt
EOY$3,905,693EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$15,167,641BOYAmt
EOY$15,603,536EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$18,297,074BOYAmt
EOY$18,341,408EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$435,895ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$356,431OtherCostOrOtherBasisAmt
Book Value$356,431BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$690,747OtherCostOrOtherBasisAmt
Depreciation$657,349DepreciationAmt
Book Value$33,398BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,613,868OtherCostOrOtherBasisAmt
Depreciation$1,719,950DepreciationAmt
Book Value$893,918BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$22,728,448OtherCostOrOtherBasisAmt
Depreciation$9,031,716DepreciationAmt
Book Value$13,696,732BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$14,980,479TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescMDFA LONG TERM LIABILITYDesc
Amt$766,115Amt
FieldValueIRS element (for citing)
Total Liability$766,115TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$3,512,545TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$3,512,545RevenueSubtotalAmt
Other Revenues Not Included-$702,531OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$702,531RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,810,014TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,076,650TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$702,531OtherExpensesIncludedAmt
Expenses Not Reported$702,531ExpensesNotReportedAmt
Expenses Subtotal$2,374,119ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,374,119TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART XI, LINE 4B - OTHER ADJUSTMENTS:COST OF SALES -702,531.
PART XII, LINE 2D - OTHER ADJUSTMENTS:COST OF SALES 702,531.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE WMDC SOURCES ITS EMPLOYEES FROM THE ECONOMIC DEVELOPMENT COUNCIL OF WESTERN MA (EDC). ALL MANAGERS ARE EMPLOYEES OF THE EDC AND IN THE EXECUTION OF THEIR DUTIES ON BEHALF OF THE WMDC, ARE ACCOUNTABLE TO THE WMDC BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11BTHE EXECUTIVE COMMITTEE REVIEWS THE FORM 990, AND REFERS THE FORM TO THE FULL BOARD OF DIRECTORS FOR APPROVAL PRIOR TO ITS FILING.
FORM 990, PART VI, SECTION B, LINE 12CBOARD MEMBERS DISCLOSE ANY CONFLICT OF INTEREST AT LEAST ANNUALLY.
FORM 990, PART VI, SECTION C, LINE 19THESE POLICIES ARE AVAILABLE UPON REQUEST.

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