WEST CENTRAL DEVELOPMENT CORPORATION

EIN: 205542830 501(c)(3) Community Improvement

PERRYSBURG, OH

Total Revenue
$931,320
Total Expenses
$1,388,223
Total Assets
$6,752,457
Net Assets
$4,941,603
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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
OH
Principal Officer
JULIE E JUROSIC CPA
Phone
4198738322
Tax Period
2025-01-01 to 2025-12-31

WEST CENTRAL DEVELOPMENT CORPORATION, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $931K in total revenue in fiscal year 2025. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 49% operating deficit.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $288,093 Revenue: $313,871

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...

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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.

Program 2
Expenses: $283,816 Revenue: $309,206

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...

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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.

Program 3
Expenses: $66,311 Revenue: $72,206

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $182,822
Program Service Revenue $695,284
Investment Income $53,214
Other Revenue $0
TOTAL REVENUE $931,320

Expense Breakdown

Grants Paid $750,000
Salaries & Benefits $422,625
Fundraising Expenses $0
Program Expenses $1,278,392
Other Expenses $215,598
TOTAL EXPENSES $1,388,223

Year-over-Year Comparison

2025 2024 Change
Revenue $931,320 $1,713,627 -0.5%
Expenses $1,388,223 $962,948 +0.4%
Net Income $-456,903 $750,679 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
2
Employees
2
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$314,964
Total Directors
5
$314,964
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT HUFF PRESIDENT/CEO 40.00
Officer Director
$120,104 $27,195 $147,299
JULIE JUROSIC COO/SECRETARY/TREASURER 40.00
Officer Director
$147,056 $20,609 $167,665
JENNIFER BROGEE BOARD MEMBER 1.00
Director
$0 $0 $0
AARON MAASSEL BOARD MEMBER 1.00
Director
$0 $0 $0
EUGENE BRUNSWICK VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $931,320 $1,388,223 $6,752,457 $-456,903
2024 No data No data No data No data
2023 $2,012,501 $652,268 $5,801,510 $1,360,233
2022 $2,398,385 $681,326 $4,565,450 $1,717,059
2021 $1,182,846 $513,743 $4,806,920 $669,103
2020 $650,682 $526,423 $2,795,850 $124,259
2019 $730,656 $671,613 $2,838,513 $59,043
2018 $593,140 $588,797 $1,709,735 $4,343
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