Nonprofit · EIN 27-2304093
WESSEX 504 CORPORATION
Tax-exempt · ARLINGTON HTS, IL 60004
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $508,429 | $534,949 | -$26,520 | $159,286 | $4,777 | $154,509 |
| September 30, 2024 | 990 | $666,913 | $697,704 | -$30,791 | $180,368 | -$661 | $181,029 |
| September 30, 2023 | 990 | $759,654 | $863,838 | -$104,184 | $211,820 | $0 | $211,820 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $442,945
- Investment income
- $0
- Other revenue
- $65,484
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $344,999
- Other salaries and wages
- $55,981
- Salaries, compensation and benefits (total)
- $452,454
- Professional fundraising fees
- $0
- Accounting fees
- $25,352
- Occupancy
- $5,839
- Travel
- $11,350
- Depreciation
- $583
- Program services (functional)
- $499,087
- Management and general (functional)
- $35,862
Balance sheet and other
- Total assets, start of year
- $180,368
- Total assets, end of year
- $159,286
- Total liabilities, end of year
- $4,777
- Net assets, end of year
- $154,509
- Land, buildings and equipment
- $874
- Net assets without donor restrictions
- $154,509
- Gross receipts
- $508,429
- Employees
- 2
- Year formed
- 2010
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GARRETT DRUCKER | PRESIDENT Trustee or director, Officer | 40 | $344,999 | $27,974 |
| MIKE BARBAGLIA | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| BEN BIZUB | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| EMILIO DICESARE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| HEATHER FIORE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| KATY JONES | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| MIKE LAMBERT | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| ROBERT SULLIVAN | SECRETARY Trustee or director, Officer | 0.25 | $0 | $0 |
990 for the year ended September 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARRETT DRUCKER | PRESIDENT Trustee or director, Officer | 40 | $218,750 |
| MIKE BARBAGLIA | DIRECTOR Trustee or director | 0.25 | $0 |
| BEN BIZUB | DIRECTOR Trustee or director | 0.25 | $0 |
| EMILIO DICESARE | DIRECTOR Trustee or director | 0.25 | $0 |
| HEATHER FIORE | DIRECTOR Trustee or director | 0.25 | $0 |
| KATY JONES | DIRECTOR Trustee or director | 0.25 | $0 |
| MIKE LAMBERT | DIRECTOR Trustee or director | 0.25 | $0 |
| ROBERT SULLIVAN | SECRETARY Trustee or director, Officer | 0.25 | $0 |
990 for the year ended September 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN LENNON | PRESIDENT Trustee or director, Officer | 40 | $383,750 |
| JOE BOHNE | SECRETARY Trustee or director, Officer | 1 | $0 |
| LEN BUONINCONTRO | DIRECTOR Trustee or director | 1 | $0 |
| BILL CHAPMAN | DIRECTOR Trustee or director | 1 | $0 |
| MIKE CHIN | DIRECTOR Trustee or director | 1 | $0 |
| GARRETT DRUCKER | DIRECTOR Trustee or director | 1 | $0 |
| H BARRY GOODMAN | DIRECTOR Trustee or director | 1 | $0 |
| TOM MEYER | DIRECTOR Trustee or director | 1 | $0 |
| GARY PEELE | DIRECTOR Trustee or director | 1 | $0 |
| PAM SHARAR-STOPPEL | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1845 E RAND RD STE 109, ARLINGTON HTS, IL 60004-4359
- In care of
- % GARRETT DRUCKER
- Mailing address (990-N for 2010)
- 445 E North Water Street Suite 2703, Chicago IL 60611
- Principal officer (990 for 2024)
- GARRETT DRUCKER, 1845 E RAND ROAD, SUITE 109, ARLINGTON HEIGHTS, IL 60004
- Principal officer (990-N for 2010)
- Karen Lennon, 445 E North Water Street Suite 2703, Chicago IL 60611
- Signed the 990
- GARRETT DRUCKER, PRESIDENT
- Phone
- (847) 222-9373
- Website
- WWW.WESSEX504.COM
- Return prepared by
- KOLNICKI PETERSON & WIRTH CPA'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.
Program accomplishments
- 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.Expenses $499,087 · revenue $508,429
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 27-2304093
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2011
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $159,286
- Income (IRS master file)
- $508,429
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $508,429 | $534,949 | $159,286 | XML |
| 990 | September 2024 | $666,913 | $697,704 | $180,368 | IRS |
| 990 | September 2023 | $759,654 | $863,838 | $211,820 | XML |
| 990 | September 2022 | $773,179 | $727,449 | $316,004 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
| 990-N for 2010 Officer: Karen Lennon | September 30, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-2304093).
Questions about WESSEX 504 CORPORATION
- What is the EIN of WESSEX 504 CORPORATION?
- The employer identification number (EIN) of WESSEX 504 CORPORATION is 27-2304093.
- Is WESSEX 504 CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2011.
- Are donations to WESSEX 504 CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WESSEX 504 CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WESSEX 504 CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WESSEX 504 CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of WESSEX 504 CORPORATION?
- The 990 for the year ended September 30, 2025 names GARRETT DRUCKER.
- Who are the officers and directors of WESSEX 504 CORPORATION?
- The 990 for the year ended September 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $344,999 (GARRETT DRUCKER, PRESIDENT).
- How much revenue does WESSEX 504 CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $508,429, expenses of $534,949 and total assets of $159,286 at year end.
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