WESTOVER METROPOLITAN DEVELOPMENT CORP: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
WESTOVER METROPOLITAN DEVELOPMENT CORP (EIN 04-2553520)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-09
IRS object ID
202013149349300716
Schema version
2019v5.1
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)
Return2020-11-09T07:01:16-06:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

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 Line1504 COTTAGE STREETAddressLine1Txt
CitySPRINGFIELDCityNm
State AbbreviationMAStateAbbreviationCd
ZIP011043219ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

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
Signature2020-11-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

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

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address173.9.91.189IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-11-09IPDt
IP Tm08:01:03IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdE9DEFC1ACEB29020801324BBE374E03217F3FF79AtSubmissionCreationDeviceId
At Submission Filing Device Id144C9F1B39B1D1E8A5FDB14E9A48CD8BB5F25099AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-01-07 14:23:13ZBuildTS

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$3,951,473GrossReceiptsAmt
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$803,245PYContributionsGrantsAmt
CY Contributions Grants$823,299CYContributionsGrantsAmt
PY Program Service Revenue$1,592,473PYProgramServiceRevenueAmt
CY Program Service Revenue$1,906,200CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$384CYInvestmentIncomeAmt
PY Other Revenue$301,193PYOtherRevenueAmt
CY Other Revenue$303,362CYOtherRevenueAmt
PY Total Revenue$2,696,911PYTotalRevenueAmt
CY Total Revenue$3,033,245CYTotalRevenueAmt
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$2,005,476PYOtherExpensesAmt
CY Other Expenses$2,354,427CYOtherExpensesAmt
PY Total Expenses$2,005,476PYTotalExpensesAmt
CY Total Expenses$2,354,427CYTotalExpensesAmt
PY Revenues Less Expenses$691,435PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$678,818CYRevenuesLessExpensesAmt
Total Assets BOY$15,168,292TotalAssetsBOYAmt
Total Assets EOY$16,336,050TotalAssetsEOYAmt
Total Liabilities BOY$2,005,986TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,494,926TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$13,162,306NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$13,841,124NetAssetsOrFundBalancesEOYAmt
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$2,173,943ExpenseAmt
Revenue$1,970,934RevenueAmt
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$64,955ExpenseAmt
Revenue$238,628RevenueAmt
DescINDUSTRIAL PARK LAND SALES, RENTALS, AND DEVELOPMENT ACTIVITIES TO EXPAND ECONOMIC OPPORTUNITY IN THE COMMUNITYDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$2,238,898TotalProgramServiceExpensesAmt
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 Liabilities0ReportOtherLiabilitiesInd
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 (11 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
WILLIAM E ROONEY
DIRECTOR RESIGNED JAN 190.50Yes (X)$0$0$0
LAWRENCE EAGAN
VICE CHAIR0.50Yes (X)Yes (X)$0$0$0
MARIE LAFLAMME
DIRECTOR0.50Yes (X)$0$0$0
ED CZEPIEL
DIRECTOR1.00Yes (X)$0$0$0
KIM DOWNING
DIRECTOR0.50Yes (X)$0$0$0
DENNIS DESMARAIS
CLERK1.00Yes (X)Yes (X)$0$0$0
BUD SHUBACK
DIRECTOR0.50Yes (X)$0$0$0
DEREK DEBARGE
DIRECTOR APPOINTED OCT 190.50Yes (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 (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmtAddress Line1ContractorAddress/ForeignAddress/AddressLine1TxtCityContractorAddress/ForeignAddress/CityNmProvince Or StateContractorAddress/ForeignAddress/ProvinceOrStateNmCountryContractorAddress/ForeignAddress/CountryCdForeign PostalContractorAddress/ForeignAddress/ForeignPostalCd
ECONOMIC DEVELOPMENT COUNCIL OF WESTERN
1441 MAIN STREETSPRINGFIELDMA01103MANAGEMENT SERVICES$712,009
STANTEC
ARCHITECTURE$316,531400-10220-103 STREETEDMONTONALBERTACAT5J0K4
JD RIVET
1635 PAGE BOULEVARDSPRINGFIELDMA01104ROOFING CONTRACTOR$174,675
DEERE & COMPANY
1 JOHN DEERE PLAZAMOLINEIL61265COMMERCIAL EQUIPMENT$142,879
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Government Grants$823,299GovernmentGrantsAmt
Total Contributions$823,299TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTAL INCOME531120$1,535,712$1,535,712
FLIGHT SERVICES480000$251,227$251,227
MISCELLANEOUS REVENUE480000$66,902$66,902
LANDING FEES480000$38,423$38,423
PARKING FEES480000$7,117$7,117

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,819TotalRevenueColumnAmt
Related Or Exempt Func Income$6,819RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$1,906,200TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$384TotalRevenueColumnAmt
Exclusion$384ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$1,221,590GrossSalesOfInventoryAmt
Cost Of Goods Sold$918,228CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$303,362TotalRevenueColumnAmt
Related Or Exempt Func Income$303,362RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,033,245TotalRevenueColumnAmt
Related Or Exempt Func Income$2,209,562RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$384ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$712,009TotalAmt
Program Services$640,696ProgramServicesAmt
Management And General$71,313ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$18,011TotalAmt
Program Services$14,532ProgramServicesAmt
Management And General$3,479ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$11,000TotalAmt
Program Services$9,350ProgramServicesAmt
Management And General$1,650ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$22,283TotalAmt
Program Services$21,986ProgramServicesAmt
Management And General$297ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,815TotalAmt
Program Services$3,815ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$25,066TotalAmt
Program Services$25,066ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$113,184TotalAmt
Program Services$113,184ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$7,054TotalAmt
Program Services$39ProgramServicesAmt
Management And General$7,015ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$16,788TotalAmt
Program Services$16,788ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$78,857TotalAmt
Program Services$57,157ProgramServicesAmt
Management And General$21,700ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$708,014TotalAmt
Program Services$706,055ProgramServicesAmt
Management And General$1,959ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$78,740TotalAmt
Program Services$78,740ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
LOSS ON IMPAIRMENT OF A$256,021$256,021
MAINTENANCE$107,371$107,371
JOINT USE CHARGES$94,164$94,164
CONTRACT SERVICES$90,171$84,472$5,699

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$11,879TotalAmt
Program Services$9,462ProgramServicesAmt
Management And General$2,417ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,354,427TotalAmt
Program Services$2,238,898ProgramServicesAmt
Management And General$115,529ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$562,472BOYAmt
EOY$339,151EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$8,789BOYAmt
EOY$350,384EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$108,664BOYAmt
EOY$362,031EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$1,316,428BOYAmt
EOY$1,316,230EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$14,908BOYAmt
EOY$23,293EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$24,169,730LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$10,224,769LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$13,157,031BOYAmt
EOY$13,944,961EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$15,168,292BOYAmt
EOY$16,336,050EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$136,923BOYAmt
EOY$824,379EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$87,132BOYAmt
EOY$74,648EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,681,931BOYAmt
EOY$1,595,899EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$100,000BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,005,986BOYAmt
EOY$2,494,926EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,282,914BOYAmt
EOY$9,939,987EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,879,392BOYAmt
EOY$3,901,137EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$13,162,306BOYAmt
EOY$13,841,124EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$15,168,292BOYAmt
EOY$16,336,050EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$678,818ReconcilationRevenueExpnssAmt
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$660,448OtherCostOrOtherBasisAmt
Depreciation$655,837DepreciationAmt
Book Value$4,611BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,855,036OtherCostOrOtherBasisAmt
Depreciation$1,941,150DepreciationAmt
Book Value$913,886BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$20,297,815OtherCostOrOtherBasisAmt
Depreciation$7,627,782DepreciationAmt
Book Value$12,670,033BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$13,944,961TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$3,951,473TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$3,951,473RevenueSubtotalAmt
Other Revenues Not Included-$918,228OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$918,228RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$3,033,245TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,272,655TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$918,228OtherExpensesIncludedAmt
Expenses Not Reported$918,228ExpensesNotReportedAmt
Expenses Subtotal$2,354,427ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,354,427TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART XI, LINE 4B - OTHER ADJUSTMENTS:COST OF SALES -918,228.
PART XII, LINE 2D - OTHER ADJUSTMENTS:COST OF SALES 918,228.

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 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.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.