Nonprofit · EIN 04-6057343
WESTMASS AREA DEVELOPMENT CORP
Tax-exempt · SPRINGFIELD, MA 01144
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,434,928 | $1,357,642 | $2,077,286 | $28,183,307 | $15,078,672 | $13,104,635 |
| December 31, 2024 | 990 | $3,984,212 | $1,114,915 | $2,869,297 | $16,471,106 | $5,443,757 | $11,027,349 |
| December 31, 2023 | 990 | $4,440,011 | $1,012,685 | $3,427,326 | $15,060,890 | $5,399,769 | $9,661,121 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,826,742
- of which government grants
- $2,826,742
- Program service revenue
- $227,219
- Investment income
- $210,360
- Net rental income
- -$968,906
- Net income from sales of inventory
- $1,044,849
- Other revenue
- $170,607
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $275,730
- Other salaries and wages
- $304,652
- Salaries, compensation and benefits (total)
- $808,358
- Professional fundraising fees
- $0
- Legal fees
- $8,921
- Accounting fees
- $5,655
- Occupancy
- $129,938
- Travel
- $4,240
- Depreciation
- $18,167
Balance sheet and other
- Total assets, start of year
- $16,471,106
- Total assets, end of year
- $28,183,307
- Total liabilities, end of year
- $15,078,672
- Net assets, end of year
- $13,104,635
- Land, buildings and equipment
- $10,509,221
- Net assets without donor restrictions
- $13,104,635
- Gross receipts
- $5,382,884
- Employees
- 11
- Volunteers
- 15
- Year formed
- 1960
- 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 |
|---|---|---|---|---|
| Jeffrey Daley | President Officer | 37.5 | $267,905 | $7,825 |
| JEFFERY LESIEGE | VP CONSTRUCTION | 37.5 | $178,847 | $5,735 |
| SARAH LACOUR | VP OPERATIONS | 37.5 | $163,825 | $5,184 |
| JESSIE ALT | DIR FIN AND HR | 37.5 | $136,237 | $25,919 |
| Matt DAmour | Chairman Trustee or director, Officer | 3 | $0 | $0 |
| David Ference | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Victoria Healy | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Daniel Burack | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Christopher Myhrum | Director Trustee or director | 0.75 | $0 | $0 |
| Jeff Hayden | Director Trustee or director | 0.5 | $0 | $0 |
| Drew Davis | Director Trustee or director | 2 | $0 | $0 |
| Julie Foley | Director Trustee or director | 1 | $0 | $0 |
| Ashley Sullivan | Director Trustee or director | 1 | $0 | $0 |
| Keith Nesbitt | Director Trustee or director | 1 | $0 | $0 |
| Stanley Kowalski III | Director Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| George Flevotomos | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jeffrey Daley | President Officer | 37.5 | $337,632 | $9,624 |
| JEFFERY LESIEGE | VP CONSTRUCTION | 37.5 | $197,673 | $6,113 |
| SARAH LACOUR | VP OPERATIONS | 37.5 | $178,017 | $5,515 |
| JESSIE ALT | DIR FIN AND HR | 37.5 | $142,856 | $25,590 |
| AJ Crane | Chairman Trustee or director, Officer | 2 | $0 | $0 |
| Matt DAmour | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Victoria Healy | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Dan Burack | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| John Maybury | Director Trustee or director | 2 | $0 | $0 |
| Ronald J Abdow | Director Trustee or director | 0.5 | $0 | $0 |
| Keith Nesbitt | Director Trustee or director | 0.75 | $0 | $0 |
| Steven M Roberts | Director Trustee or director | 0.5 | $0 | $0 |
| Julie Foley | Director Trustee or director | 1 | $0 | $0 |
| Andrew Drew Davis | Director Trustee or director | 2 | $0 | $0 |
| Jeffrey Hayden | Director Trustee or director | 0.5 | $0 | $0 |
| David Ference | Director Trustee or director | 0.75 | $0 | $0 |
| Ashley Sullivan | Director Trustee or director | 1 | $0 | $0 |
| Stanley Kowalski III | Director Trustee or director | 1 | $0 | $0 |
| George Flevotomos | Director Trustee or director | 1 | $0 | $0 |
| Christopher Myhrum | Director Trustee or director | 0.75 | $0 | $0 |
| Antonio Dos Santos | Director Trustee or director | 1.5 | $0 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFFREY DALEY | President Officer | 37.5 | $296,215 | $24,065 |
| JEFFERY LESIEGE | VP CONSTRUCTION | 37.5 | $181,636 | $37,443 |
| SARAH LACOUR | VP OPERATIONS | 37.5 | $180,985 | $14,291 |
| JESSIE ALT | DIR FIN AND HR | 37.5 | $104,988 | $31,628 |
| JOHN MAYBURY | Director Trustee or director | 2 | $0 | $0 |
| KEITH NESBITT | Director Trustee or director | 0.5 | $0 | $0 |
| JULIE FOLEY | Director Trustee or director | 0.5 | $0 | $0 |
| DAVID FERENCE | Director Trustee or director | 0.5 | $0 | $0 |
| RONALD J ABDOW | Director Trustee or director | 1 | $0 | $0 |
| DANIEL BURACK | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| DREW DAVIS | Director Trustee or director | 2 | $0 | $0 |
| ASHLEY SULLIVAN | Director Trustee or director | 0.5 | $0 | $0 |
| ANTONIO DOS SANTOS | Director Trustee or director | 2 | $0 | $0 |
| STEVEN M ROBERTS | Director Trustee or director | 1 | $0 | $0 |
| JEFFREY HAYDEN | Director Trustee or director | 0.5 | $0 | $0 |
| MICHAEL MORAN THRU 092023 | Director Trustee or director | 0.5 | $0 | $0 |
| CHRISTOPHER MYHRUM | Director Trustee or director | 0.5 | $0 | $0 |
| GEORGE FLEVOTOMOS | Director Trustee or director | 0.5 | $0 | $0 |
| MATT D'AMOUR | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| VICTORIA HEALY | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| AJ CRANE | Chairman Trustee or director, Officer | 2 | $0 | $0 |
| STANLEY KOWALSKI | Director Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- ONE MONARCH PLACE, SPRINGFIELD, MA 01144-1099
- Principal officer (990 for 2025)
- JEFFREY DALEY
- Signed the 990
- JEFFREY DALEY, President
- Phone
- (413) 593-1386
- Website
- WESTMASSDEVELOPMENT.COM
- Return prepared by
- DOWNEY PIECIAK FITZGERALD & CO PC
Mission
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.
Program accomplishments
- WESTMASS AREA DEVELOPMENT CORPORATION ADVANCES BUSINESS AND ECONOMIC PROSPERITY IN WESTERN MASSACHUSETTS THROUGH THE ACQUISITION, PERMITTING, AND DEVELOPMENT OF INDUSTRIAL AND BUSINESS RESOURCES. THESE RESOURCES INCLUDE INDUSTRIAL/BUSINESS PARKS AND COMPLEX AND COMPLICATED MILL/BROWNFIELD REDEVELOPMENT PROJECTS.
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
- 04-6057343
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $28,183,307
- Income (IRS master file)
- $5,382,884
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,434,928 | $1,357,642 | $28,183,307 | XML |
| 990 | December 2024 | $3,984,212 | $1,114,915 | $16,471,106 | XML |
| 990 | December 2023 | $4,440,011 | $1,012,685 | $15,060,890 | XML |
| 990 | December 2022 | $2,003,494 | $741,567 | $12,974,810 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 04-6057343).
Questions about WESTMASS AREA DEVELOPMENT CORP
- What is the EIN of WESTMASS AREA DEVELOPMENT CORP?
- The employer identification number (EIN) of WESTMASS AREA DEVELOPMENT CORP is 04-6057343.
- Is WESTMASS AREA DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1961.
- Are donations to WESTMASS AREA DEVELOPMENT CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WESTMASS AREA DEVELOPMENT CORP 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 WESTMASS AREA DEVELOPMENT CORP 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 WESTMASS AREA DEVELOPMENT CORP 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 WESTMASS AREA DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2025 names JEFFREY DALEY.
- Who are the officers and directors of WESTMASS AREA DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2025 lists 16 people; 4 received compensation from the organization, the highest $267,905 (Jeffrey Daley, President).
- How much revenue does WESTMASS AREA DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,434,928, expenses of $1,357,642 and total assets of $28,183,307 at year end.
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