47
Westminster Economic Developmentinitiative Inc
Community Development · Buffalo, New York
1432 Niagara St, Buffalo, NY 14213-1302
EIN: 204230463· Founded: Jan 2007· 19 years active· Filing Year: 2023
Annual Revenue
$6.9M
Total Expenses
$2.5M
Total Assets
$12.6M
Program Spending
8%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$83K
3.4% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$1.1M
Total Payroll
$1.2M
48% of total expenses
Where the Money Goes
8%
Programs: 8%
Payroll: 48%
Other overhead: 92%
Program Revenue$187K (3%)
Total Expenses$2.5M (36%)
Payroll$1.2M (48%)
Overhead (non-program)92%
Trust Score Breakdown
Program Spending Ratio
8% of expenses go to programs
Revenue & Stability
$6.9M annual revenue
Executive Compensation
$83K total officer comp (3.4% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$12.6M in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.