Westover Metropolitan Development Corp

Organization Overview

Westover Metropolitan Development Corp is located in Chicopee, MA. The organization was established in 1976. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westover Metropolitan Development Corp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2021, Westover Metropolitan Development Corp generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

AID 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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATIONS AND IMPROVEMENTS OF A MUNICIPAL AIRPORT TO ENHANCE THE ECONOMY OF THE LOCAL COMMUNITY


INDUSTRIAL PARK LAND SALES, RENTALS, AND DEVELOPMENT ACTIVITIES TO EXPAND ECONOMIC OPPORTUNITY IN THE COMMUNITY


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Luke Kettles
Treasurer
$0
John J Libera Jr
Chair
$0
Kim Downing
Vice Chair
$0
Dennis Desmarais
Secretary
$0
Michael Bolton
CEO
$0
Larry Eagan
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Economic Development Council Of Western
Management Services
$912,347
Poulin Construction
Construction
$614,504
Well Bilt Industries
Construction
$194,695
Stantec
Consulting
$114,306
B-g Mechanical Contractors
Construction
$111,617
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $689,845
All other contributions, gifts, grants, and similar amounts not included above$119,461
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$809,306
Total Program Service Revenue$1,707,056
Investment income $2,903
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $290,749
Miscellaneous Revenue$0
Total Revenue $2,810,014

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Westover Metropolitan Development Corp has recieved totaling $119,461.

Awarding OrganizationAmount
Economic Development Council Of Western Massachusetts Inc

Springfield, MA

PURPOSE: TO PROVIDE ECONOMIC SUPPORT.

$119,461
View Grant Recipient Profile

Create an account to unlock the data you need.

or