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← WASHINGTON COUNTY COUNCIL ON ECONOMIC DEVELOPMENT

Form 990 for tax year 2023

Filed by WASHINGTON COUNTY COUNCIL ON ECONOMIC DEVELOPMENT.

Totals

Total revenue
$1,628,240
Total expenses
$779,147
Contributions and grants received
$319,098
Grants paid
$0
Program service revenue
$181,201
Investment income
$1,109,250
Other revenue
$18,691
Total assets, end of year
$23,579,599
Total liabilities, end of year
$12,069,631
Net assets or fund balances, end of year
$11,509,968
Program services expenses (Part IX)
$603,003
Management and general expenses
$176,144
Fundraising expenses
$0
Program service expenses (Part III)
$603,003

Program services were 77.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $319,098

  • 2a · Program service revenue: LOAN INTEREST

    total $168,441 · related or exempt $168,441

  • 2b · Program service revenue: MANAGEMENT FEES

    total $12,760 · related or exempt $12,760

  • 3 · Investment income

    total $128,696 · excluded $128,696

  • 7a · Gross sales of assets other than inventory

    other assets $980,554

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $980,554

  • 7d · Net gain or loss

    total $980,554 · related or exempt $980,554

  • 11a · Other revenue: OTHER INCOME

    total $18,691 · related or exempt $18,691

  • 11e · Other revenue, total

    $18,691

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $102,208 · program services $82,788 · management and general $19,420

  • 7 · Other salaries and wages

    total $113,647 · program services $92,054 · management and general $21,593

  • 8 · Pension plan contributions

    total $59,856 · program services $43,695 · management and general $16,161

  • 9 · Other employee benefits

    total $46,807 · program services $34,169 · management and general $12,638

  • 10 · Payroll taxes

    total $29,493 · program services $10,912 · management and general $18,581

  • 11b · Fees: legal

    total $32,912 · program services $30,279 · management and general $2,633

  • 11g · Fees: other

    total $26,406 · program services $16,372 · management and general $10,034

  • 13 · Office expenses

    total $17,248 · program services $11,901 · management and general $5,347

  • 16 · Occupancy

    total $17,939 · program services $7,893 · management and general $10,046

  • 17 · Travel

    total $23,985 · program services $23,985

  • 19 · Conferences, conventions and meetings

    total $6,824 · program services $4,845 · management and general $1,979

  • 20 · Interest

    total $96,624 · program services $95,658 · management and general $966

  • 22 · Depreciation, depletion and amortization

    total $47,039 · program services $2,352 · management and general $44,687

  • 23 · Insurance

    total $9,302 · management and general $9,302

  • 24a · Other expenses: INDUSTRIAL PARK DEVELOP

    total $134,163 · program services $134,163

  • 24b · Other expenses: LOAN FORGIVENESS

    total $7,619 · program services $7,619

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $5,398 · program services $4,318 · management and general $1,080

  • 24d · Other expenses: MISCELLANEOUS

    total $1,677 · management and general $1,677

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,438,722 · end of year $3,686,161

  • 3 · Pledges and grants receivable

    beginning of year $172,824 · end of year $105,239

  • 4 · Accounts receivable

    beginning of year $347,895 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $3,111,010 · end of year $2,733,872

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,016 · end of year $21,779

  • 10a · Land, buildings and equipment: cost or other basis

    $1,181,462

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,008,949

  • 10c · Land, buildings and equipment, net

    beginning of year $216,312 · end of year $172,513

  • 15 · Other assets

    beginning of year $17,618,500 · end of year $16,860,035

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,168,411 · end of year $8,369,225

  • 23 · Secured mortgages and notes payable

    beginning of year $4,073,548 · end of year $3,680,961

  • 25 · Other liabilities

    beginning of year $19,445 · end of year $19,445

  • 27 · Net assets without donor restrictions

    beginning of year $10,510,875 · end of year $11,359,968

  • 28 · Net assets with donor restrictions

    beginning of year $150,000 · end of year $150,000

Mission and programs · 2023

Mission

WASHINGTON COUNTY COUNCIL ON ECONOMIC DEVELOPMENT (WCCED) IS DEDICATED TO A MISSION OF COMMUNITY ECONOMIC DEVELOPMENT.

  • STARPOINTE INDUSTRIAL PARK - INDUSTRIAL PARK WAS BEING DEVELOPED WITH THE GOAL OF SELLING LOTS TO BUSINESSES THAT WILL CREATE ADDITIONAL JOBS IN WASHINGTON COUNTY. SUBSEQUENT TO YEAR-END, ON NOVEMBER 26, 2024, THE COUNCIL SOLD THE STARPOINTE INDUSTRIAL PARK.

    Expenses $134,163

  • SBA MICROLOAN PROGRAMS - LOANS TO ASSIST SMALL BUSINESSES WITH THE GOAL OF JOB CREATION. IRP AND CDFI LOAN PROGRAMS - GOVERNMENT ASSISTED LENDING TO QUALIFIED BUSINESSES. VARIOUS LOAN PROGRAMS INCLUDING: BENEDUM LOAN PROGRAM, MAIN STREET LOAN PROGRAM, AND ARC PROJECT. AT SEPTEMBER 30, 2024, THERE WERE MULTIPLE LOANS OUTSTANDING TO QUALIFYING BUSINESSES UNDER THESE PROGRAMS.

    Expenses $468,840 · Revenue $181,201

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard L White

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • J Lynn Dehaven

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Robert Griffin

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Marty Beichner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Donald L Hodor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • James R McDonald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Diana Irey Vaughan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Raymond Popeck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Josephine Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Richard Sahar

    EXECUTIVE DIRECTOR

    Total calculated
    $102,208
    From this org
    $92,655
    From related orgs
    $0
    Other
    $9,553
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MORGAN ROAD ASSOCIATES LLC

    INVESTMENT · REAL ESTATE DEVELOPMENT · PA · general or managing partner

    Directly controlled by WASHINGTON COUNTY COUNCIL ON ECONOMIC DEVELOPMENT

Provenance

Return type
form_990
Tax year
2023
Filed
30 March 2026
IRS schema version
2023v6.0
Source object
202610899349300216

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