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
82 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; $233K 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 85 loans with outstanding principal balances of $46,092,928. During 2023, 2 loans totaling $4,886,000 were approved and 3 loans totaling $6,138,000 were funded. This program provides loans to small businesses for fixed asset projects and 2,623 jobs have been created.
Community Advantage Loan Program
Administer an outstanding loan portfolio consisting of 71 loans with outstanding principal balances of $3,468,755. During 2023, 2 loans totaling $590,000 were approved and 3 loans totaling $645,000 were funded.
Regional 166 Loan Program
Administer an outstanding loan portfolio consisting of 5 loans with outstanding principal balances of $1,282,639. During 2023, 2 loans totaling $986,980 were approved and 1 loan totaling $850,657 was funded. This program provides loans to ohio manufacturers for fixed asset purchases or improvements and 328 jobs have been created.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.6M | $2.7M |
| Land, buildings, equipmentLn 10c | $10K | $739 |
| Total assetsLn 16 | $4.6M | $5.8M |
| LiabilitiesLn 26 | $1.3M | $1.2M |
| Net assetsLn 32 | $3.3M | $4.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $263K | $224K | $40K | |
| Other salaries and wagesLn 7 | $95K | $80K | $14K | |
| Pension plan contributionsLn 8 | $3K | $2K | $411 | |
| Other employee benefitsLn 9 | $3K | $3K | $463 | |
| Payroll taxesLn 10 | $24K | $20K | $4K | |
| Legal feesLn 11b | $1K | $1K | ||
| Accounting feesLn 11c | $26K | $26K | ||
| Other fees for servicesLn 11g | $3K | $3K | ||
| Office expensesLn 13 | $38K | $31K | $7K | |
| OccupancyLn 16 | $76K | $61K | $15K | |
| TravelLn 17 | $11K | $9K | $2K | |
| InterestLn 20 | $30K | $30K | ||
| Depreciation, depletion and amortizationLn 22 | $9K | $7K | $2K | |
| InsuranceLn 23 | $748 | $748 | ||
| Other expenses (24a–d)Ln 24 | $69K | $67K | $3K | |
| All other expensesLn 24e | $390 | $390 | ||
| Total functional expensesLn 25 | $652K | $535K | $118K | $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 Viewing | $2.0M | $652K | $1.4M | $4.6M | 990 PDF |
| FY2022 | $2.4M | $681K | $1.7M | $3.3M | 990 PDF |
| FY2021 | $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 FY2023 990 (6 parts)
Part I · Summary $2,012,501 revenue, 12 lines filed
Part VI · Governance 3 of 5 board members independent, 1 to look at
Part VIII · Statement of revenue $2,012,501 across 5 lines filed
Part IX · Statement of functional expenses $652,268 across 16 lines filed
Part X · Balance sheet $5,801,510 assets, 15 lines filed
Part XI · Reconciliation of net assets $4,647,827 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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