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WORCESTER BUSINESS DEVELOPMENT CORP

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Public IRS 990 nonprofit record

WORCESTER BUSINESS DEVELOPMENT CORP

EIN 04-2381829 · Homeowners & Tenants Associations (L50)

What they do

THE WORCESTER BUSINESS DEVELOPMENT CORPORATION (WBDC) is A PRIVATE, NON- PROFIT BUSINESS ORGANIZATION WITH A PUBLIC PURPOSE MISSION to SERVE AS AN INNOVATION and LEADING FORCE IN THE ECONOMIC DEVELOPMENT of THE CITY of WORCESTER and THE REGION, RESULTING IN JOB CREATION and TAX BASE EXPANSION.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $83.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

71.60%of revenue went to mission work83.5% of expenses · Program services
$96.66spent for every $100 of revenueRevenue covered expenses this year.
14.17%of revenue went to management and office costs16.5% of expenses
$11.63in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $450,250 for CRAIG L BLAIS (PRESIDENT &). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,979,674
Mission workProgram services$1,417,38571.60% of revenue83.5% of expenses
ManagementOffice and general costs$280,52314.17% of revenue16.5% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$281,76614.23% of revenueShown in gray on the chart
Total expenses$1,697,90885.77% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 83.5% mission · 16.5% management · 0.0% fundraisingTotal expenses: 85.77% of revenue
2023Expense mix: 83.8% mission · 16.2% management · 0.0% fundraisingTotal expenses: 102.63% of revenue
2022Expense mix: 85.5% mission · 14.5% management · 0.0% fundraisingTotal expenses: 90.94% of revenue
2021Expense mix: 89.4% mission · 10.6% management · 0.0% fundraisingTotal expenses: 147.99% of revenue
2020Expense mix: 83.7% mission · 16.3% management · 0.0% fundraisingTotal expenses: 182.69% of revenue
2019Expense mix: 80.2% mission · 19.8% management · 0.0% fundraisingTotal expenses: 137.39% of revenue
2018Expense mix: 78.5% mission · 21.5% management · 0.0% fundraisingTotal expenses: 76.30% of revenue
2017Expense mix: 79.5% mission · 20.5% management · 0.0% fundraisingTotal expenses: 128.52% of revenue

Money in and money out

Revenue$1,756,667
Expenses$1,697,908
Annual surplus $58,759 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,417,385 · 83.5% of expenses
Management and office costs$280,523 · 16.5% of expenses
See all reported dollar amounts
Revenue$1,756,667
Expenses$1,697,908
Assets$19,742,873
Income$1,756,667
Mission work (program services)$1,417,385
Grants given$193,000
Average grant$19,300
Management and general$280,523
Stocks and bonds$497,559
Accounting fees$19,415
Investing fees$23,310
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
CRAIG L BLAISPRESIDENT & · 20 hrs/week $450,250Base $407,357 · Other $42,893
ROBERTA L BRIENVP OF PROJEC · 20 hrs/week $322,763Base $278,467 · Other $44,296
KATHLEEN KELLEHER CPA MSTCFO · 20 hrs/week $195,590Base $164,761 · Other $30,829

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

CRAIG L BLAISPRESIDENT &

ROBERTA L BRIENVP OF PROJEC

KATHLEEN KELLEHER CPA MSTCFO

MARINA L TAYLORTREASURER

TODD M BAILEYDIRECTOR

TIMOTHY P MURRAYDIRECTOR

STEPHANIE RAMEYDIRECTOR

STEPHAN M RODOLAKISVICE CHAIR

SEAN M ROSEDIRECTOR

ROBERT J MORTONCHAIR

ROBERT J HENNIGANNGP/PROJECT

RENEE A MIKITARIAN-BRADLEYDIRECTOR

RANDAL D WEBBERDIRECTOR

MONICA ARYITEYDIRECTOR

MICHAEL J OHARAASST CLERK

MICHAEL COVINODIRECTOR

ADRIAN A BERTHIAUMEDIRECTOR

JILL WHITTREDGEDIRECTOR

JESSICA L ROYCEASST TREASUR

ERIC L GOODWINEDIRECTOR

ERIC A BUSENBURGDIRECTOR

EMILY M SRICHAROENCHAIKITDIRECTOR

ELIZABETH M MCTIGUEDIRECTOR

DENNIS F KERRIGANDIRECTOR

DAVID E SUPRENANTCLERK

DANIEL REA IIIDIRECTOR

CORINNE MALESKIDIRECTOR

About this charity

Recognized since
January 1966
Location
89 SHREWSBURY ST STE 300, WORCESTER, MA 01604-0009
County
Worcester
In care of
CRAIG L BLAIS
Primary officer
CRAIG L BLAIS, PRESIDENT & CEO

How to reach them

WebsiteVisit the charity’s website Emailescobar@worcesterbdc.com Phone(508) 755-7883

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
WADOVICK & COMPANY
NTEE classification
Homeowners & Tenants Associations (L50)
IRS tax category
Homeowners & Tenants Associations
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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