Public Charity

WESTMASS AREA DEVELOPMENT CORPORATION

WESTMASS AREA DEVELOPMENT CORPORATION is a nonprofit organization categorized as Public Charity based in SPRINGFIELD, MA. Its most recent IRS filing (2025) reports revenue of $3.4M, expenses of $1.4M, total assets of $28.2M.

EIN: 046057343 SPRINGFIELD, MA Latest filing: 2025
Total Revenue$3.4M
Total Expenses$1.4M
Total Assets$28.2M
Grant Records0
Filing Years2020–2025

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.

Officers & Directors

Director Ashley Sullivan
Director Christopher Myhrum
Secretary Daniel Burack
Vice Chair David Ference
Director Drew Davis
Director George Flevotomos

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $3.4M $1.4M $28.2M
2024 $4.0M $1.1M $16.5M
2023 $4.4M $1.0M $15.1M
2022 $2.0M $742K $13.0M
2020 $247K $452K $9.5M

Between 2020 and 2025, reported annual revenue grew from $247K to $3.4M (+1290%), with total assets most recently reported at $28.2M.

Interactive year-over-year charts and full filing details available with membership.

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