Civic Intelligence

Wheatfield Local Development Corporation

EIN 81-3636881 • 501(c)4 • North Tonawanda, NY

Profile

The wheatfield local development corporation is committed to fostering new business as well as retaining and expanding existing local businesses to build economic capacity specific to the town of wheatfield.

2800 Church RoadNorth Tonawanda, NY 14120

wheatfieldbusiness.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • <$500k nonprofits • Source year 2021

Net Margin

5th percentile

-202%

Higher net margin than 5% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2021

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2019

Asset Growth

46th percentile

-2.7%

Faster asset growth than 46% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

6th percentile

-89%

Faster revenue growth than 6% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$99,803

Down $2,760 (-2.7%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Down

$99,803

Down $2,760 (-2.7%) from 2020

Operations
Liabilities / Revenue60th percentileNet Margin5th percentile

Revenue

Down

$1,368

Down $11,484 (-89%) from 2020

Expenses

Down

$4,128

Down $10,525 (-72%) from 2020

Net Income

Down

-$2,760

Down $959 (-53%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth46th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2017: $34,382Liabilities 2017: $3,1332017Assets 2019: $112,661Liabilities 2019: $8,297Net Assets 2019: $104,3642019Assets 2020: $102,563Liabilities 2020: $0Net Assets 2020: $102,5632020Assets 2021: $99,803Liabilities 2021: $0Net Assets 2021: $99,8032021

Highlighted filing

2021

Assets$99,803
Liabilities$0
Net Assets$99,803
Open 2021 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2017: $95,791Expenses 2017: $62,072Net Income 2017: $33,7192017Revenue 2019: $268,253Expenses 2019: $194,905Net Income 2019: $73,3482019Revenue 2020: $12,852Expenses 2020: $14,653Net Income 2020: -$1,8012020Revenue 2021: $1,368Expenses 2021: $4,128Net Income 2021: -$2,7602021

Highlighted filing

2021

Revenue$1,368
Expenses$4,128
Net Income-$2,760
Open 2021 Filing

Filings

Most recent year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$99,803
Liabilities
$0
Net assets
$99,803
Revenue
$1,368
Expenses
$4,128
Net income
-$2,760
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.01$0.04$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.13$0.15$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.13$0.08$1.04$2.68$1.95$0.73
2017Summary only. Only limited summary data is available for this year.$0.34$0.03$0.96$0.62$0.34
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 9, 2022
Return Version
2021v4.2
Gross Receipts
$1,368
Mission and Program Overview

Mission

The wheatfield local development corporation is committed to fostering new business as well as retaining and expanding existing local businesses to build economic capacity specific to the town of wheatfield.

Program Services

DescriptionGrantsExpenses
PLANNING AND IMPLEMENTATION OF PROGRAMS TO RELIEVE AND REDUCE UNEMPLOYMENT, PROMOTE AND PROVIDE FOR ADDITIONAL AND MAXIMUM EMPLOYMENT, IMPROVE AND MAINTAIN JOB OPPORTUNITIES IN THE TOWN OF WHEATFIELD, NEW YORK AND REDUCE THE BURDEN OF GOVERNMENT.$0$0
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
WILLIAM WAGNERChairman-$0--
VICTOR MONTALBOTreasurer-$0--
ROBERT CLIFFESecretary-$0--
DAWN GILLIAMTrustee-$0--
LARRY HELWIGTrustee-$0--
DON MCSWANTrustee-$0--
RICHARD MUSCATELLOTrustee-$0--
RICHARD TORCASIOTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Wheatfield Local Development Corporation
EIN
81-3636881
Phone
7164818164
Address
2800 CHURCH ROAD, NORTH TONAWANDA, NY 14120

Signing Officer

Name
Victor Montalbo
Title
Treasurer
Phone
7164818164
Signed
2022-04-09
Discuss with paid preparer
Yes

Preparer

Firm
Lumsden & Mccormick Llp
Address
369 FRANKLIN STREET, BUFFALO, NY 14202
Preparer
Sara M Dayton CPA
Phone
7168563300
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: interest income from loans. Amount: 1,368.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: insurance. Amount: 1,428.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: loans receivable. Beg. Of year amount: 86,826. End of year amount: 13,833.”

Raw XML Appendix169 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum07164818164
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WHEATFIELD
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IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd014120
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0WILLIAM WAGNER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ROBERT CLIFFE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DAWN GILLIAM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4LARRY HELWIG
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7RICHARD TORCASIO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5TRUSTEE
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IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt013833
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt01428
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE WHEATFIELD LOCAL DEVELOPMENT CORPORATION IS COMMITTED TO FOSTERING NEW BUSINESS AS WELL AS RETAINING AND EXPANDING EXISTING LOCAL BUSINESSES TO BUILD ECONOMIC CAPACITY SPECIFIC TO THE TOWN OF WHEATFIELD.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PLANNING AND IMPLEMENTATION OF PROGRAMS TO RELIEVE AND REDUCE UNEMPLOYMENT, PROMOTE AND PROVIDE FOR ADDITIONAL AND MAXIMUM EMPLOYMENT, IMPROVE AND MAINTAIN JOB OPPORTUNITIES IN THE TOWN OF WHEATFIELD, NEW YORK AND REDUCE THE BURDEN OF GOVERNMENT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt01368
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTP://WHEATFIELDBUSINESS.COM
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0266991
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt05469
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt094531
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/TotalSupportAmt0385222
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME FROM LOANS. AMOUNT: 1,368.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: INSURANCE. AMOUNT: 1,428.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: LOANS RECEIVABLE. BEG. OF YEAR AMOUNT: 86,826. END OF YEAR AMOUNT: 13,833.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0VICTOR MONTALBO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07164818164
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WHEATFIELD LOCAL DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0WHEA
ReturnHeader/Filer/EIN0813636881
ReturnHeader/Filer/PhoneNum07164818164
ReturnHeader/Filer/USAddress/AddressLine1Txt02800 CHURCH ROAD
ReturnHeader/Filer/USAddress/CityNm0NORTH TONAWANDA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014120
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0160765486
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LUMSDEN & MCCORMICK LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0369 FRANKLIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BUFFALO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014202
ReturnHeader/PreparerPersonGrp/PhoneNum07168563300
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SARA M DAYTON CPA
ReturnHeader/ReturnTs02022-04-09T14:51:36-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0VICTOR
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MONTALBO
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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