Worcester Business Development Corp
THE WORCESTER BUSINESS DEVELOPMENT CORPORATION (WBDC) IS A PRIVATE, NON- PROFIT BUSINESS ORGANIZATION WITH A PUBLIC PURPOSE MISSION TO SERVE AS AN INNOVATION AND LEADING FORCE IN THE ECONOMIC DEVELOPMENT OF THE CITY OF WORCESTER AND THE REGION, RESULTING IN JOB CREATION AND TAX BASE EXPANSION.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$18.9M
+5.3% YoY
Annual Giving
$25K
Grant Count
2
Avg Grant Size
$13K
About Worcester Business Development Corp
Based on IRS filings
Worcester Business Development Corp is a nonprofit organization, based in WORCESTER, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $18.9M in total assets. In 2024, it awarded 2 grants totaling $25K. Net investment income was $388K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $18,935,195 | $17,978,831 | $17,242,895 |
| Revenue | $1,979,674 | $1,753,233 | $1,869,155 |
| Expenses | $1,697,908 | $1,799,293 | $1,699,843 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $387,654 | $350,556 | $239,430 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Worcester Railers Hc Charitable ($15,000), Worcester Regional Strategic ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| WORCESTER RAILERS HC CHARITABLE BEVERLY, MA | — | $15,000 |
| WORCESTER REGIONAL STRATEGIC WORCESTER, MA | — | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CRAIG L BLAIS | PRESIDENT & | 20 | $407,357 |
| ROBERT J MORTON | CHAIR | 1 | — |
| STEPHAN M RODOLAKIS | VICE CHAIR | 1 | — |
| MARINA L TAYLOR | TREASURER | 1 | — |
| JESSICA L ROYCE | ASST TREASUR | 1 | — |
| DAVID E SUPRENANT | CLERK | 1 | — |
| MICHAEL J O'HARA | ASST CLERK | 1 | — |
| MONICA ARYITEY | DIRECTOR | 1 | — |
| TODD M BAILEY | DIRECTOR | 1 | — |
| ADRIAN A BERTHIAUME | DIRECTOR | 1 | — |
| ERIC A BUSENBURG | DIRECTOR | 1 | — |
| MICHAEL COVINO | DIRECTOR | 1 | — |
| ERIC L GOODWINE | DIRECTOR | 1 | — |
| ROBERT J HENNIGAN | NGP/PROJECT | 1 | — |
| DENNIS F KERRIGAN | DIRECTOR | 1 | — |
| CORINNE MALESKI | DIRECTOR | 1 | — |
| ELIZABETH M MCTIGUE | DIRECTOR | 1 | — |
| RENEE A MIKITARIAN-BRADLEY | DIRECTOR | 1 | — |
| TIMOTHY P MURRAY | DIRECTOR | 1 | — |
| STEPHANIE RAMEY | DIRECTOR | 1 | — |
| DANIEL REA III | DIRECTOR | 1 | — |
| SEAN M ROSE | DIRECTOR | 1 | — |
| EMILY M SRICHAROENCHAIKIT | DIRECTOR | 1 | — |
| RANDAL D WEBBER | DIRECTOR | 1 | — |
| JILL WHITTREDGE | DIRECTOR | 1 | — |
| ROBERTA L BRIEN | VP OF PROJEC | 20 | $278,467 |
| KATHLEEN KELLEHER CPA MST | CFO | 20 | $164,761 |
Frequently Asked Questions
How large is Worcester Business Development Corp?
As of 2024, Worcester Business Development Corp holds $18.9M in total assets with $2.0M in annual revenue. It awarded 2 grants totaling $25K in 2024.
Where does Worcester Business Development Corp operate?
Worcester Business Development Corp has awarded grants in Massachusetts.
What size grants does Worcester Business Development Corp award?
In 2024, Worcester Business Development Corp awarded 2 grants totaling $25K — an average of about $13K per grant, based on its IRS Form 990 filings.
What is Worcester Business Development Corp's EIN?
Worcester Business Development Corp's EIN (Employer Identification Number) is 04-2381829. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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