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WHEATFIELD LOCAL DEVELOPMENT CORPORATION

NORTH TONAWANDA, NY · EIN 813636881 · Form 990EZ · FY2021 · NTEE S20 · Community Improvement · Micro (<$100K) · wheatfieldbusiness.com
revenue
$1K
expenses
$4K
net assets
$100K
employees
program ratio
72%
mission · from form 990

THE WHEATFIELD LOCAL DEVELOPMENT CORPORATION IS COMMITTED TO FOSTERING NEW BUSINESS AS WELL AS RETAINING AND EXPANDING EXISTING LOCAL BUSINESSES TO BUILD ECONOMIC CAPACITY SPECIFIC TO THE TOWN OF WHEATFIELD.

profile · synthesized from sources

The Wheatfield Local Development Corporation supports economic development in the Town of Wheatfield, NY by fostering new businesses and helping existing ones expand. It provides financing and administrative support for local commercial projects, often in partnership with municipal entities and county agencies. The organization operates through a board of local business leaders and elected officials.

named programs · 3 · from sources

What they call their work

Barge Brewing Company Development
Planned financing and support for the conversion of The Meeting Place into a craft brewery and event space, including an RFP for consulting services; project did not move forward
Lions Club Ward Road Project
Provided interim financing for property improvements using Niagara County reimbursable grants, with initial approval of $17,000 released pending documentation
Pellicano’s Marketplace Development
Supported the relocation and expansion of Steaks of Buffalo (Pellicano’s Marketplace) through a consulting services RFP and grant administration
activities · 4 groups

What they do

  • Capital Infrastructure Funding 1 activity
    • Administering grant and loan programs for community organizations
      Manages a reimbursable grant program that provides funding for property improvements and receives repayments of loans, including interest, to recycle funds for future community development projects.
  • Annual Financial and Activity Reporting 1 activity
    • Financial oversight and reporting
      Conducts annual audits, prepares and publishes annual and budget reports, and collaborates with certified public accountants and state agencies to ensure financial accountability.
  • Local Business Financing and Incentives 1 activity
    • Supporting local business development and expansion
      Provides direct support for the establishment, retention, and expansion of local businesses in the Town of Wheatfield to build economic capacity, including facilitating new business locations and grant agreements.
  • Uncategorized 1 activity
    • Procuring professional consulting and audit services
      Issues requests for proposals and awards contracts for consulting and audit services to support business development projects and ensure financial compliance.
financials · form 990EZ · fy2021
revenue
Total revenue$1K
Contributions & grants
Program service revenue
Investment income$1K100%
Other revenue
expenses
Total expenses$4K
Program expenses72%
Admin / overhead28%
Fundraising0%
Salaries & benefits
Grants paid out
Largest expense lineProfessional Fees
balance sheet
Total assets$100K
Cash$16K
Investments$0
Liabilities$0
Net assets$100K
Liquid reserves45.8 mo
2 years on record · 2020–2021 · YoY revenue -89.4%
leadership · form 990 part vii · fy2021

Who runs it

board members · 5
  • DAWN GILLIAM — TRUSTEE
  • DON MCSWAN — TRUSTEE
  • LARRY HELWIG — TRUSTEE
  • RICHARD MUSCATELLO — TRUSTEE
  • RICHARD TORCASIO — TRUSTEE
relationships · 9

Who they work with

  • H. Sicherman / The Harrison Studio Partner — Consulting firm awarded contract for Steaks of Buffalo project in January 2019.
  • Lions Club Partner — Partner organization receiving funding from WLDC for property improvements on Ward Road.
  • Lumsden & McCormick, LLP Partner — Auditor awarded contract for audit services in March 2018.
  • Lumsden McCormick Certified Public Accountants Partner — Independent auditor that conducted financial audits for the organization.
  • NYS Office of Community Renewal Government — State agency that conducted an audit for the Jacob’s Ladder Project.
  • Office of Community Renewal Government — Partner agency working with WLDC to rescind and potentially re-allocate grant funding for development projects.
  • Pellicano's Partner — Collaborates with Pellicano's on business development and grant implementation.
  • Town of Wheatfield Government — Collaborates with WLDC on economic development projects, including support for Barge Brewing Company.
  • Town of Wheatfield Government — Elected Wheatfield officials serve on the LDC board, indicating a formal governance relationship with the local government.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.