Nonprofit · EIN 30-1402274
DOWNTOWN WESTFIELD COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · INDIANAPOLIS, IN 46204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $20,106,478 | $329,152 | $19,777,326 | $20,326,623 | $549,297 | $19,777,326 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $19,993,252
- of which government grants
- $19,993,252
- Program service revenue
- $0
- Investment income
- -$135,997
- Net rental income
- $6,551
- Net gain from sales of assets
- -$163,804
- Net income from sales of inventory
- $25,382
- Other revenue
- $249,223
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $14,556
- Travel
- $1,710
- Depreciation
- $60,100
- Program services (functional)
- $288,862
- Management and general (functional)
- $40,290
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $20,326,623
- Total liabilities, end of year
- $549,297
- Net assets, end of year
- $19,777,326
- Land, buildings and equipment
- $17,285,243
- Gross unrelated business income
- $217,290
- Gross receipts
- $20,802,081
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2024
- State of legal domicile
- IN
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jim Ake | President Officer | 1 | $0 |
| Mark Keen | Vice President Officer | 1 | $0 |
| Chris White | Secretary Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1 INDIANA SQ STE 2300, INDIANAPOLIS, IN 46204-2012
- In care of
- % LISA CLARK
- Principal officer (990 for 2024)
- Jim Ake, One Indiana Square, Suite 2300, Indianapolis, IN 46204
- Signed the 990
- Jim Ake, President
- Return prepared by
- Craig S Ruby CPA
Mission
Downtown Westfield Community Development Corporation's (DWCDC)'s mission is to support the redevelopment and revitalization of the City of Westfield by enhancing public spaces, improving infrastructure, and encouraging investment in commercial and residential areas. DWCDC works to improve the social welfare of residents by fostering economic opportunity, cultural enrichment, and community improvement. Through strategic partnerships and targeted assistance, DWCDC helps transform neglected or underutilized areas into areas that reflect the City's long-term vision for growth and sustainability.
Program accomplishments
- Golf Course Operations and Community Revitalization Asset: DWCDC operates and maintains a public golf course as part of its broader mission to promote economic development, public beautification, and community revitalization in and around the City of Westfield. The facility serves as a key community asset that attracts residents and visitors, supports local tourism. Through much needed improvements and maintenance of the golf course, DWCDC has contributed to the revitalization of surrounding areas by increasing nearby property values, supporting local businesses, and promoting reinvestment in adjacent public infrastructure. The golf course is also used for public events and community engagement activities. All of which align with DWCDC's exempt purpose to improve the social, cultural, and economic conditions of the community.Expenses $225,143 · revenue $249,223
- Public Asset Management and Redevelopment Projects: DWCDC owns and manages real estate and infrastructure assets that support the City of Westfield's long-term redevelopment and public improvement goals. These assets include properties held for future development and revitalization. Related expenses include depreciation and insurance on capital assets that are essential to advancing DWCDC's exempt purpose of stimulating economic growth and enhancing public spaces.Expenses $63,719
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 30-1402274
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W12)
- Assets (IRS master file)
- $20,326,623
- Income (IRS master file)
- $20,802,081
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $20,106,478 | $329,152 | $20,326,623 | 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 30-1402274).
Questions about DOWNTOWN WESTFIELD COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of DOWNTOWN WESTFIELD COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of DOWNTOWN WESTFIELD COMMUNITY DEVELOPMENT CORPORATION is 30-1402274.
- Is DOWNTOWN WESTFIELD COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2025.
- Are donations to DOWNTOWN WESTFIELD COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DOWNTOWN WESTFIELD COMMUNITY 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 DOWNTOWN WESTFIELD COMMUNITY DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DOWNTOWN WESTFIELD COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DOWNTOWN WESTFIELD COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names Jim Ake.
- Who are the officers and directors of DOWNTOWN WESTFIELD COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does DOWNTOWN WESTFIELD COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $20,106,478, expenses of $329,152 and total assets of $20,326,623 at year end.
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