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EIN 27-2304093

Wessex 504 Corporation

IRS 501(c) type
501(c)(4)
Num. employees
2
City
Chicago
State
Illinois
Year formed
2010
Most recent tax filings
2022-09-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
Wessex 504 Corporation is a non-profit company certified by the u. s. small business administration to originate and service sba 504 loans. As an sba certified development company, Wessex 504 Corporation works with the small business administration and lenders to deliver the 504 loan program to businesses. Wessex 504's objective is to assist healthy, growing businesses secure long term, below market, fixed rate financing for the acquisition of real estate or capital equipment. In turn, these businesses are able to create new jobs and strengthen their communities while continuing to grow.
Total revenues
$773,179
2022
Total expenses
$727,449
2022
Total assets
$316,004
2022
Num. employees
2
2022

Program areas at Wessex 504 Corporation

During the fiscal year ended, the organization processed 12 loans that were authorized by the sba, which will create over 176 jobs in the communities. In addition, the organization funded 16 other loans that will create 192 jobs in the communities.

Personnel at Wessex 504 Corporation

NameTitleCompensation
Karen LennonPresident$398,934
Joe BohneSecretary$0
Elisabeth WilliamsVice President$169,500

Financials for Wessex 504 Corporation

RevenuesFYE 09/2022
Total grants, contributions, etc.$0
Program services$765,118
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$8,061
Total revenues$773,179

Form 990s for Wessex 504 Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-092023-02-02990View PDF
2021-092022-02-03990View PDF
2020-092021-06-30990View PDF
2019-092020-08-28990View PDF
2018-092019-05-14990View PDF
...and 6 more Form 990s
Data update history
June 18, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 18, 2023
Updated personnel
Identified 2 new personnel
June 13, 2022
Posted financials
Added Form 990 for fiscal year 2020
October 4, 2021
Posted financials
Added Form 990 for fiscal year 2019
September 30, 2020
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Business and community development organizations
Issues
Economic developmentBusiness and industry
Characteristics
No characteristics found
General information
Address
175 N Harbor Dr Suite 3202
Chicago, IL 60601
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
wessex504.com/ 
Phone
(312) 527-4927
IRS details
EIN
27-2304093
Fiscal year end
September
Taxreturn type
Form 990
Year formed
2010
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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