West Central Development Corporation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO PROMOTE ECONOMIC DEVELOPMENT AND SUSTAINABLE JOB GROWTH THROUGH FINANCING OF VIABLE SMALL BUSINESSES BY BEING AN AGENT OF THE GOVERNMENT, A PARTNER FOR COMMUNITY BANKS AND A CHAMPION FOR BUSINESSES.
- Income
- $931,320
- Spending
- $1.4 million
- Spent on programs
- 92%
- Reserves
- 42.2 months of spending
- Largest source of income
- fees for its services, 75%
- Employees
- 2
- Volunteers
- 7
- Highest pay
- $167,665, coo/secretary/treasurer
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 66 out of 100. Higher than 38% of charities in its peer group (community improvement, $250k to $1m).
Reserves
35 of 35Spendable reserves would cover 42.2 months of spending.
Debt
16 of 20It owes 27% of what it owns.
Living within its means
0 of 15Spending exceeded income by 49% of income.
Income trend
0 of 15Income fell 46% on the year before.
Spending floor
15 of 1592% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 72 out of 100. Higher than 45% of charities in its peer group (community improvement, $250k to $1m).
Independent board
5 of 252 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $288,093 spent. 504 LOAN PROGRAM - ADMINISTER AN OUTSTANDING LOAN PORTFOLIO CONSISTING OF 72 LOANS WITH OUTSTANDING PRINCIPAL BALANCES OF $40,714,386. DURING 2025, 4 LOANS TOTALING $3,532,000 WERE APPROVED AND 3 LOANS TOTALING $5,797,000 WERE FUNDED. THIS PROGRAM PROVIDES LOANS TO SMALL BUSINESSES FOR FIXED ASSET PROJECTS AND 2,844 JOBS HAVE BEEN CREATED. THE 504 LOAN PROGRAM ADHERES TO THE POLICIES AND PROCEDURES SET FORTH BY THE U.S. SMALL BUSINESS ADMINISTRATION.
- $283,816 spent. COMMUNITY ADVANTAGE LOAN PROGRAM - ADMINISTER AN OUTSTANDING LOAN PORTFOLIO CONSISTING OF 43 LOANS WITH OUTSTANDING PRINCIPAL BALANCES OF $4,898,515. DURING 2025, 2 LOANS TOTALING $91,500 WERE APPROVED AND FUNDED. THIS PROGRAM PROVIDES LOANS TO SMALL BUSINESSES FOR WORKING CAPITAL, INVENTORY, LEASEHOLD IMPROVEMENTS, AND OTHER GENERAL BUSINESS EXPENSES. 82.9% OF THE LOANS WERE PROVIDED TO SMALL BUSINESSES WITHIN UNDERSERVED MARKETS, CREATING 694.5 JOBS AND PROVIDING 2,126.25 HOURS OF TECHNICAL SUPPORT. THE COMMUNITY ADVANTAGE LOAN PROGRAM ADHERES TO THE POLICIES AND PROCEDURES SET FORTH BY THE U.S. SMALL BUSINESS ADMINISTRATION.
- $66,311 spent. REGIONAL 166 LOAN PROGRAM - ADMINISTER AN OUTSTANDING LOAN PORTFOLIO CONSISTING OF 8 LOANS WITH OUTSTANDING PRINCIPAL BALANCES OF $2,991,063. DURING 2025, 2 LOANS TOTALING $500,025 WERE APPROVED AND 2 LOANS TOTALING $1,164,925 WERE FUNDED. THIS PROGRAM PROVIDES LOANS TO OHIO MANUFACTURERS FOR FIXED ASSET PURCHASES OR IMPROVEMENTS AND 353 JOBS HAVE BEEN CREATED. THE REGIONAL 166 LOAN PROGRAM ADHERES TO THE POLICIES AND PROCEDURES SET FORTH BY THE OHIO DEPARTMENT OF ADMINISTRATIVE SERVICES.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 2007.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.