2026-03-05T18:57:33-05:00 2025-09-30 364119639 KOLNICKI PETERSON & WIRTH CPA'S 1400 OPUS PLACE SUITE 100 DOWNERS GROVE IL 60515 990 2024-10-01 272304093 WESSEX 504 CORPORATION WESS 8472229373 1845 E RAND ROAD SUITE 109 ARLINGTON HEIGHTS IL 60004 GARRETT DRUCKER PRESIDENT 8472229373 2026-02-27 true true KENNETH W PETERSON CPA P00046293 6303901140 2026-03-05 2024 2025-03-06 01:10:19Z GARRETT DRUCKER 1845 E RAND ROAD SUITE 109 ARLINGTON HEIGHTS IL 60004 508429 false X WWW.WESSEX504.COM X 2010 IL 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. 7 7 2 0 0 607989 442945 0 58924 65484 666913 508429 0 0 511963 452454 0 0 185741 82495 697704 534949 -30791 -26520 180368 159286 -661 4777 181029 154509 X 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. false false 499087 508429 DURING THE FISCAL YEAR ENDED, THE ORGANIZATION FUNDED 1 LOAN, WHICH WILL CREATE 2 NEW JOBS IN THE COMMUNITY. DUE TO THE OVERALL UPDATING OF WESSEX 504 FROM THE PREVIOUS BOARD TRANSITIONS, WE ANTICIPATE MANY NEW LOANS AND SEVERAL FUNDINGS IN THE NEXT FISCAL YEAR WITH LARGE JOB GROWTH NUMBERS. 499087 false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false true 0 0 2 true false false false false false false false false X 7 7 false false false false true true false true true false false false true true true false true true false false X GARRETT DRUCKER 8472229373 1845 E RAND ROAD SUITE 109 ARLINGTON HEIGHTS IL 60004 GARRETT DRUCKER PRESIDENT 40.00 X X 344999 0 27974 MIKE BARBAGLIA DIRECTOR 0.25 X 0 0 0 BEN BIZUB DIRECTOR 0.25 X 0 0 0 EMILIO DICESARE DIRECTOR 0.25 X 0 0 0 HEATHER FIORE DIRECTOR 0.25 X 0 0 0 KATY JONES DIRECTOR 0.25 X 0 0 0 MIKE LAMBERT DIRECTOR 0.25 X 0 0 0 ROBERT SULLIVAN SECRETARY 0.25 X X 0 0 0 344999 27974 1 false true false SERVICING FEES 522291 436284 436284 PROCESSING FEES 522291 4161 4161 APPLICATION FEES 522291 2500 2500 442945 OTHER REVENUE 65484 65484 65484 508429 442945 65484 344999 344999 55981 35932 20049 29447 27974 1473 22027 20926 1101 25352 25352 24 22 2 3477 2608 869 13090 9817 3273 5839 2920 2919 11350 11350 583 583 10371 7779 2592 MEALS 6827 5122 1705 TELEPHONE/UTILITY EXPENSE 4743 3558 1185 BANK FEES 694 694 LICENSES AND PERMITS 85 85 60 60 534949 499087 35862 0 17279 1413 154940 154940 21536 20662 1456 874 6693 2059 180368 159286 3122 -661 1655 -661 4777 X 181029 154509 181029 154509 180368 159286 -26520 X false false 21536 20662 874 874 LEASE LIABILITY 1655 1655 508429 508429 508429 534949 534949 534949 false false false false false false false false false GARRETT DRUCKER PRESIDENT 344999 27974 372973 FORM 990 - ORGANIZATION'S MISSION 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. FORM 990, PAGE 6, PART VI, LINE 6 THE COMPANY HAS 10 MEMBERS AS PART OF IT'S ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS SHALL BE ELECTED BY THE MEMBERS AT THE ANNUAL MEETING OF THE MEMBERS. FOR NEWLY CREATED DIRECTORSHIPS RESULTING FROM ANY INCREASE IN THE NUMBER OF DIRECTORS, THE NEW DIRECTOR(S) MUST BE CHOSEN FROM THE MEMBERSHIP BY THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B THE PRESIDENT AND QUALIFIED BOARD MEMBER(S) WILL REVIEW THE FORM 990 AND APPROVE IT PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION REQUIRES BOARD MEMBERS TO ANNUALLY CERTIFY THAT THEY ARE NOT AWARE OF ANY FACTS THAT WOULD GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION'S TRADE ASSOCIATION, NADCO, PROVIDES THE RESULTS OF THEIR COMPENSATION SURVEYS FOR CERTIFIED DEVELOPMENT COMPANIES ACROSS THE COUNTRY. THE INFORMATION IS USED TO DETERMINE COMPENSATION LEVELS. FORM 990, PAGE 6, PART VI, LINE 19 UNDER THE REGULATIONS OF THE SBA, INFORMATION ABOUT THE ORGANIZATION IS AVAILABLE TO THE PUBLIC THROUGH THE SBA.