WESSEX 504 CORPORATION IS A NON-PROFIT COMPANY CERTIFIED BY THE U. S. SMALL BUSINESS ADMINISTRATION TO ORIGINATE AND SERVICE SBA 504 LOANS. AS AN SBA CERTIFIED DEVELOPMENT COMPANY, WESSEX 504 CORPORATION WORKS WITH THE SMALL BUSINESS ADMINISTRATION AND LENDERS TO DELIVER THE 504 LOAN PROGRAM TO BUSINESSES. WESSEX 504'S OBJECTIVE IS TO ASSIST HEALTHY, GROWING BUSINESSES SECURE LONG TERM, BELOW MARKET, FIXED RATE FINANCING FOR THE ACQUISITION OF REAL ESTATE OR CAPITAL EQUIPMENT. IN TURN, THESE BUSINESSES ARE ABLE TO CREATE NEW JOBS AND STRENGTHEN THEIR COMMUNITIES WHILE CONTINUING TO GROW.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023
Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in Illinois.
- Base
- $219k
- Bonus
- —
- Other
- —
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President 75th to 90th percentile | $219k | — | — | — | $219k $242k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 7 unpaid individuals.
Browse compensation in Community Improvement & Capacity Building →
Top pay as a share of expenses
In 2023, the highest total compensation at WESSEX 504 CORPORATION equaled 31% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.
Down 43%
from 2022
From $384k in 2022 to $219k in 2023.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay fell 43% from 2022 to 2023, while revenue fell 12%.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about WESSEX 504 CORPORATION
What does the Chief Executive Officer of WESSEX 504 CORPORATION earn?
In 2023, the Chief Executive Officer of WESSEX 504 CORPORATION received $218,750 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Illinois, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at WESSEX 504 CORPORATION compare with similar nonprofits?
Compared with the same role at Community Improvement & Capacity Building organizations in Illinois, the 2023 pay of the Chief Executive Officer at WESSEX 504 CORPORATION falls between the 75th and 90th percentiles. In 2023, the highest total compensation at WESSEX 504 CORPORATION equaled 31% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
What are WESSEX 504 CORPORATION's revenue and expenses?
In 2023, WESSEX 504 CORPORATION reported $667k in total revenue and $698k in total expenses on its IRS Form 990.
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