THE PURPOSES OF THE CORPORATION SHALL BE TO PROMOTE, STIMULATE, DEVELOP, AND ADVANCE THE BUSINESS PROSPERITY AND ECONOMIC WELFARE OF THE WESTERN MASSACHUSETTS REGION AND THE CITIZENS THEREOF, TO ENCOURAGE AND ASSIST, THROUGH LOANS, INVESTMENTS, OR OTHER BUSINESS TRANSACTIONS, THE LOCATION OF NEW BUSINESS AND INDUSTRY IN THE WESTERN MASSACHUSETTS REGION; TO REHABILITATE AND ASSIST EXISTING BUSINESS AND INDUSTRY; AND SO TO STIMULATE AND ASSIST IN THE EXPANSION OF ALL KINDS OF BUSINESS ACTIVITY WHICH WILL TEND TO PROMOTE THE BUSINESS DEVELOPMENT AND MAINTAIN THE ECONOMIC STABILITY OF THE WESTERN MASSACHUSETTS REGION, PROVIDE MAXIMUM OPPORTUNITIES FOR EMPLOYMENT, ENCOURAGE THRIFT, AND IMPROVE THE STANDARD OF LIVING OF ITS CITIZENS; AND SIMILARLY TO ENDEAVOR TO INCREASE AND DIVERSIFY INDUSTRY AND EMPLOYMENT.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $338k
- Bonus
- —
- Other
- —
- Benefits
- $10k
- Base
- $198k
- Bonus
- —
- Other
- —
- Benefits
- $6k
- Base
- $178k
- Bonus
- —
- Other
- —
- Benefits
- $6k
- Base
- $143k
- Bonus
- —
- Other
- —
- Benefits
- $26k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President Above 90th percentile | $338k | — | — | $10k | $347k $375k |
VP Construction Board Vice President Median to 75th percentile | $198k | — | — | $6k | $204k $220k |
VP Operations Board Vice President Median to 75th percentile | $178k | — | — | $6k | $184k $198k |
Dir Fin and HR Unclassified | $143k | — | — | $26k | $168k $182k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 17 unpaid individuals.
Up 8%
from 2023
From $320k in 2023 to $347k in 2024.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 8% from 2023 to 2024, while revenue fell 10%.
- Board Vice President pay fell 7% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
WESTMASS AREA DEVELOPMENT CORPORATION reported revenue and expenses across 2 filing years.
Common questions about WESTMASS AREA DEVELOPMENT CORPORATION
What does the Chief Executive Officer of WESTMASS AREA DEVELOPMENT CORPORATION earn?
In 2024, the Chief Executive Officer of WESTMASS AREA DEVELOPMENT CORPORATION received $347,256 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at WESTMASS AREA DEVELOPMENT CORPORATION compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at WESTMASS AREA DEVELOPMENT CORPORATION falls in the top 10%.
What are WESTMASS AREA DEVELOPMENT CORPORATION's revenue and expenses?
In 2024, WESTMASS AREA DEVELOPMENT CORPORATION reported $4M in total revenue and $1.1M in total expenses on its IRS Form 990.
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