Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2007.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
67 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
5 people listed on the 990; $124K paid to officers and key staff.
Julie Jurosic’s $147K as COO/Secretary/Treasurer is at the 90th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Julie Jurosic | $147,056 | $210,549 | $127,980 | $43,055 | $16,000 | $24,250 |
| Robert Huff | $120,104 | $185,272 | $105,432 | $106,907 | $108,259 | $113,791 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Improves lives and strengthens communities using innovative finance for disadvantaged people.
Questions for West Central Development Corporation
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504 loan program - administer an outstanding portfolio consisting of 90 loans with outstanding principal balances of $38,964,777. During 2021, 15 loans totaling $16,911,000 were approved and 5 loans totaling $3,266,000 were funded. This program provides loans to small businesses for fixed asset projects and 2,445 jobs have been created.
Paycheck Protection Program
During 2021, 80 loans totaling $1,959,900 were approved and funded. This program provides a direct incentive for small businesses to keep their workers on payroll. Funds can be used to cover the costs of payroll and benefits, mortgage interest, rent, and utilities.
Community Advantage Loan Program
Administer an outstanding loan portfolio consisting of 100 loans with outstanding principal balances of $6,132,182. During 2021, 5 loans totaling $510,000 were approved and 5 loans totaling $549,000 were funded.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $830K | $2.9M |
| Land, buildings, equipmentLn 10c | $50K | $243K |
| Total assetsLn 16 | $2.8M | $4.8M |
| LiabilitiesLn 26 | $1.9M | $3.2M |
| Net assetsLn 32 | $901K | $1.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $137K | $110K | $27K | |
| Other salaries and wagesLn 7 | $73K | $58K | $15K | |
| Pension plan contributionsLn 8 | $140 | $112 | $28 | |
| Payroll taxesLn 10 | $16K | $13K | $3K | |
| Accounting feesLn 11c | $18K | $18K | ||
| Other fees for servicesLn 11g | $2K | $2K | ||
| Advertising and promotionLn 12 | $2K | $2K | ||
| Office expensesLn 13 | $60K | $48K | $12K | |
| OccupancyLn 16 | $68K | $54K | $14K | |
| TravelLn 17 | $24K | $24K | ||
| InterestLn 20 | $41K | $41K | ||
| Depreciation, depletion and amortizationLn 22 | $23K | $18K | $5K | |
| InsuranceLn 23 | $961 | $961 | ||
| Other expenses (24a–d)Ln 24 | $49K | $45K | $4K | |
| Total functional expensesLn 25 | $514K | $346K | $168K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $931K | $1.4M | −$457K | $4.9M | 990 PDF |
| FY2024 | $1.7M | $963K | $751K | $5.4M | 990 PDF |
| FY2023 | $2.0M | $652K | $1.4M | $4.6M | 990 PDF |
| FY2022 | $2.4M | $681K | $1.7M | $3.3M | 990 PDF |
| FY2021 Viewing | $1.2M | $514K | $669K | $1.6M | 990 PDF |
| FY2020 | $651K | $526K | $124K | $901K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $1,182,846 revenue, 12 lines filed
Part VI · Governance 4 of 5 board members independent, 1 to look at
Part VIII · Statement of revenue $1,182,846 across 7 lines filed
Part IX · Statement of functional expenses $513,743 across 14 lines filed
Part X · Balance sheet $4,806,920 assets, 14 lines filed
Part XI · Reconciliation of net assets $1,570,535 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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