Western Gate Land Development Corporation

Organization Overview

Western Gate Land Development Corporation is located in Wayne, WV. The organization was established in 2012. According to its NTEE Classification (S30) the organization is classified as: Economic 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. Western Gate Land Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2023, Western Gate Land Development Corporation generated $201.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (33.8%) each year. All expenses for the organization totaled $1.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (27.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE WESTERN GATE LAND DEVELOPMENT CORPORATION (WGLDC) IS TO CREATE JOBS IN WAYNE COUNTY, WEST VIRGINIA AND THE TRI-STATE AREA OF WEST VIRGINIA, OHIO AND KENTUCKY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO OBTAIN AND DEVELOP PROPERTY IN ORDER TO HELP CREATE AND MAINTAIN A SUITABLE ENVIRONMENT IN WHICH TO PROMOTE ECONOMIC GROWTH. THE WGLDC WILL ALSO OBTAIN PROPERTY THAT IT WILL HOLD FOR RESALE IN ORDER TO PROVIDE FUNDING FOR ECONOMIC GROWTH IN THE AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Ryan Turner
President
$0
Kenneth Adkins
Vice-President
$0
Mitzie Russell
Secretary/treasurer
$0
Matt Deerfield
Board Member
$0
Robert Plymale
Board Member
$0
David Lieving
Executive Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $201
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 $0
Miscellaneous Revenue$0
Total Revenue $201

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