Nonprofit · EIN 04-2381829
WORCESTER BUSINESS DEVELOPMENT CORPORATION
Tax-exempt · WORCESTER, MA 01604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,756,667 | $1,771,782 | -$15,115 | $19,742,873 | $933,216 | $18,809,657 |
| December 31, 2024 | 990 | $1,979,674 | $1,697,908 | $281,766 | $18,935,195 | $966,864 | $17,968,331 |
| December 31, 2023 | 990 | $1,753,233 | $1,799,293 | -$46,060 | $17,978,831 | $989,925 | $16,988,906 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,304,550
- Investment income
- $327,402
- Net rental income
- $124,615
- Other revenue
- $124,715
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $366,019
- Other salaries and wages
- $326,059
- Salaries, compensation and benefits (total)
- $883,896
- Professional fundraising fees
- $0
- Legal fees
- $18,113
- Accounting fees
- $18,741
- Occupancy
- $164,049
- Travel
- $15,883
- Depreciation
- $33,192
- Program services (functional)
- $1,554,643
- Management and general (functional)
- $217,139
Balance sheet and other
- Total assets, start of year
- $18,935,195
- Total assets, end of year
- $19,742,873
- Total liabilities, end of year
- $933,216
- Net assets, end of year
- $18,809,657
- Land, buildings and equipment
- $398,240
- Publicly traded securities
- $568,059
- Net assets without donor restrictions
- $18,809,657
- Gross receipts
- $1,756,667
- Employees
- 12
- Year formed
- 1965
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRAIG L BLAIS | PRESIDENT & Trustee or director, Officer | 20 | $391,887 | $49,239 |
| ROBERTA L BRIEN | VP OF PROJEC Key employee | 20 | $306,726 | $45,490 |
| KATHLEEN KELLEHER CPA MST | CFO Key employee | 20 | $194,471 | $59,965 |
| STEPHAN M RODOLAKIS | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JESSICA L ROYCE | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARINA L TAYLOR | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT J MORTON | ASST. TREASU Trustee or director, Officer | 2 | $0 | $0 |
| DAVID E SUPRENANT | CLERK Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL J O'HARA | ASST CLERK Trustee or director, Officer | 2 | $0 | $0 |
| MONICA ARYITEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TODD M BAILEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC A BUSENBURG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL COVINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY T DEAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC L GOODWINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT J HENNIGAN | NGP/PROJECT Trustee or director | 1 | $0 |
| DENNIS F KERRIGAN | DIRECTOR Trustee or director | 1 | $0 |
| CORINNE MALESKI | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH M MCTIGUE | DIRECTOR Trustee or director | 1 | $0 |
| RENEE A MIKITARIAN-BRADLEY | DIRECTOR Trustee or director | 1 | $0 |
| TIMOTHY P MURRAY | DIRECTOR Trustee or director | 1 | $0 |
| STEPHANIE RAMEY | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL REA III | DIRECTOR Trustee or director | 1 | $0 |
| SEAN M ROSE | DIRECTOR Trustee or director | 1 | $0 |
| EMILY M SRICHAROENCHAIKIT | INVESTMENT C Trustee or director | 1 | $0 |
| MORGAN STEACY | DIRECTOR Trustee or director | 1 | $0 |
| JILL WHITTREDGE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRAIG L BLAIS | PRESIDENT & Trustee or director, Officer | 20 | $407,357 | $42,893 |
| ROBERTA L BRIEN | VP OF PROJEC Key employee | 20 | $278,467 | $44,296 |
| KATHLEEN KELLEHER CPA MST | CFO Key employee | 20 | $164,761 | $30,829 |
| ROBERT J MORTON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| STEPHAN M RODOLAKIS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARINA L TAYLOR | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JESSICA L ROYCE | ASST TREASUR Trustee or director, Officer | 1 | $0 | $0 |
| DAVID E SUPRENANT | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL J O'HARA | ASST CLERK Trustee or director, Officer | 1 | $0 | $0 |
| MONICA ARYITEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TODD M BAILEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADRIAN A BERTHIAUME | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC A BUSENBURG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL COVINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC L GOODWINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT J HENNIGAN | NGP/PROJECT Trustee or director | 1 | $0 | $0 |
| DENNIS F KERRIGAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CORINNE MALESKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH M MCTIGUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RENEE A MIKITARIAN-BRADLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIMOTHY P MURRAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHANIE RAMEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL REA III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SEAN M ROSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EMILY M SRICHAROENCHAIKIT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDAL D WEBBER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JILL WHITTREDGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRAIG L BLAIS | PRESIDENT & Trustee or director, Officer | 20 | $385,247 | $51,240 |
| ROBERTA L BRIEN | VP OF PROJEC Key employee | 20 | $258,446 | $51,950 |
| KATHLEEN KELLEHER CPA MST | CFO Key employee | 20 | $174,752 | $30,782 |
| ROBERT J MORTON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| STEPHAN M RODOLAKIS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARINA L TAYLOR | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JESSICA MCGARRY | ASST TREASUR Trustee or director | 1 | $0 | $0 |
| DAVID SUPRENANT | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL J O'HARA | ASST CLERK Trustee or director, Officer | 1 | $0 | $0 |
| MONICA ARYITEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TODD BAILEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADRIAN A BERTHIAUME | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC A BUSENBURG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC L GOODWINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT J HENNIGAN | NGP/PROJECT Trustee or director | 1 | $0 | $0 |
| DENNIS F KERRIGAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER MCCARTHY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RENEE MIKITARIAN-BRADLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIMOTHY P MURRAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHANIE RAMEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL REA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EDWARD RUSSO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EMILY M SRICHAROENCHAIKIT | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 89 SHREWSBURY ST STE 300, WORCESTER, MA 01604-0009
- Principal officer (990 for 2025)
- CRAIG L BLAIS, 89 SHREWSBURY STREET, WORCESTER, MA 01604
- Signed the 990
- CRAIG L BLAIS, PRESIDENT & CEO
- Phone
- (508) 755-7883
- Website
- WWW.THEWBDC.COM
- Return prepared by
- WADOVICK & COMPANY
Mission
THE WORCESTER BUSINESS DEVELOPMENT CORPORATION (WBDC) IS A PRIVATE, NON- PROFIT BUSINESS ORGANIZATION WITH A PUBLIC PURPOSE MISSION TO SERVE AS AN INNOVATION AND LEADING FORCE IN THE ECONOMIC DEVELOPMENT OF THE CITY OF WORCESTER AND THE REGION, RESULTING IN JOB CREATION AND TAX BASE EXPANSION.
Program accomplishments
- PROVIDE ASSISTANCE TO SMALL BUSINESSES THROUGH THE FEDERAL 504 LOAN PROGRAM.Expenses $289,438 · revenue $405,742
- PROMOTION OF BUSINESS DEVELOPMENT IN THE GREATER WORCESTER REGION. WBDC ALSO ACQUIRES LAND FOR DEVELOPMENT TO BENEFIT THE COMMUNITY INCLUDING REDEVELOPMENT OF BROWNFIELD SITES.Expenses $1,265,205 · revenue $898,808
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2381829
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1966
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $19,742,873
- Income (IRS master file)
- $1,756,667
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,756,667 | $1,771,782 | $19,742,873 | XML |
| 990 | December 2024 | $1,979,674 | $1,697,908 | $18,935,195 | XML |
| 990 | December 2023 | $1,753,233 | $1,799,293 | $17,978,831 | XML |
| 990 | December 2022 | $1,869,155 | $1,699,843 | $17,242,895 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2381829).
Questions about WORCESTER BUSINESS DEVELOPMENT CORPORATION
- What is the EIN of WORCESTER BUSINESS DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of WORCESTER BUSINESS DEVELOPMENT CORPORATION is 04-2381829.
- Is WORCESTER BUSINESS DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1966.
- Are donations to WORCESTER BUSINESS DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WORCESTER BUSINESS DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WORCESTER BUSINESS DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WORCESTER BUSINESS DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of WORCESTER BUSINESS DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names CRAIG L BLAIS.
- Who are the officers and directors of WORCESTER BUSINESS DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 27 people; 3 received compensation from the organization, the highest $391,887 (CRAIG L BLAIS, PRESIDENT &).
- How much revenue does WORCESTER BUSINESS DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,756,667, expenses of $1,771,782 and total assets of $19,742,873 at year end.
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