Capital Regional Development Council

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 020455162 ✦ Concord, NH ✦ Designated as a 501(c)(4)

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Overview

What is Capital Regional Development Council?

Capital Regional Development Council is a nonprofit organization situated in Concord, New Hampshire. Its primary mission is to stimulate economic development within the state, focusing on private sector job creation and enhancing the private property tax base. The organization achieves this through several core activities, including providing small business loans, engaging in real estate development, and offering economic development consulting services. These activities are funded through various programs sourced from government entities such as the U.S. Small Business Administration, the US Department of Agriculture Rural Development, the US Environmental Protection Agency, and the US Department of Housing and Urban Development. The aim of these programs is to create new jobs, preserve existing ones, expand exports, aid rural development, increase productivity and competitiveness, and modernize or upgrade facilities to meet health, safety, and environmental requirements. The organization currently employs 5 individuals.


Official website here: www.crdc-nh.com

Is Capital Regional Development Council legitimate?

Capital Regional Development Council is a legitimate nonprofit organization registered as a 501(c)(4) entity. Capital Regional Development Council submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $204,022
Professional Fundraising Fees: $0
Other Salaries and Wages: $404,146

For more financial information, click here


Official website here: www.crdc-nh.com

What is the mission statement of Capital Regional Development Council?

The Capital Regional Development Council's mission is centered around promoting economic development in its operations. Its primary goal is to facilitate job creation and retention, as well as enhance the private property tax base. The organization accomplishes this through various core activities, including small business lending, real estate development, and economic development consulting. To achieve these objectives, the council offers a range of business loan programs sourced from different government bodies, such as the U.S. Small Business Administration, the US Department of Agriculture Rural Development, and the US Environmental Protection Agency, among others. These programs are designed to create or preserve jobs, expand exports, aid rural development, increase productivity and competitiveness, and modernize or upgrade facilities to meet health, safety, and environmental requirements.


Official website here: www.crdc-nh.com

Who is the CEO of Capital Regional Development Council?

Ryan Audley is the Vice President of Capital Regional Development Council.


Official website here: www.crdc-nh.com

What is the revenue of Capital Regional Development Council?

Capital Regional Development Council's revenue in 2023 was $1,009,695.


Official website here: www.crdc-nh.com

Who are the executives of Capital Regional Development Council and what are their salaries?

The average compensation at Capital Regional Development Council during 2023 was $121,634. There are 5 employees and 9 volunteers at Capital Regional Development Council.


Here are 11 key members and their salaries:


David Peterson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry Veilleux (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Ackerman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Conway (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Koornneef (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Audley (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Korzyniowski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne Brunelle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Sullivan (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen A Heavener (Executive Vice President)
  • Compensation: $205,040
  • Related: $0
  • Other: $8,576
Jennifer Boulanger (Loan Officer)
  • Compensation: $183,539
  • Related: $0
  • Other: $7,821


Official website here: www.crdc-nh.com

Where can I find the form 990 for Capital Regional Development Council?

Capital Regional Development Council's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.crdc-nh.com

Learn more at the official website: www.crdc-nh.com

Mission Statement of Capital Regional Development Council

The Capital Regional Development Council, shortened as CRDC, is an organization dedicated to providing economic development services in the state of New Hampshire. At its core, CRDC's mission revolves around private sector job creation and retention, as well as enhancing the private property tax base. To achieve these objectives, CRDC engages in several key activities, including small business lending, real estate development, and economic development consulting.

Through its small business lending program, CRDC sources loans from various federal institutions such as the U.S. Small Business Administration, the US Department of Agriculture Rural Development, the US Environmental Protection Agency, and the US Department of Housing and Urban Development. These lending programs are designed to serve various purposes, including creating new job opportunities, preserving existing ones, expanding exports, aiding rural development, increasing productivity and competitiveness, and modernizing or upgrading facilities to meet health, safety, and environmental requirements. The goal is to help small businesses grow and thrive, thereby contributing to the overall economic development of the region.

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Impact




October, 2024

The Capital Regional Development Council (CRDC) significantly impacts economic growth and sustainability in New Hampshire through various programs that support small businesses. By providing access to financing via a range of loan programs backed by federal agencies, CRDC enables entrepreneurs to create and preserve jobs, expand their operations, and enhance productivity and competitiveness.

Their initiatives drive rural development and facilitate the modernization of facilities to meet essential health, safety, and environmental standards. As a result, communities benefit from increased economic activity, leading to job creation and retention. Moreover, CRDC's efforts in real estate development and economic consulting strengthen the private property tax base, contributing to the overall economic resilience of the region.

Through its comprehensive approach to economic development, CRDC fosters a robust business environment that supports existing businesses while encouraging new ventures, ultimately facilitating community improvement and enhancing the quality of life for New Hampshire residents.




This information is meant to be a general summary of Capital Regional Development Council. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,009,695 (2023)
Expenses
$921,465 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $35,059
  • Program Service Revenue: $933,414
  • Gross Receipts: $2,283,533

Assets and Liabilities:

  • Total Assets: $14,908,735
  • Total Liabilities: $4,550,104
  • Net Assets: $10,358,631

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FINANCING PROGRAM

Revenue

$841,551

PROCESSING FEES

Revenue

$85,728

CONSULTING INCOME

Revenue

$6,135

Organization Details

Founding Year

1954

Principal Officer

Ryan Audley

Main Address

20 MONTGOMERY STREET PO BOX 664, CONCORD, NH, 03301

NTEE Category

Code: S31 - Community improvement

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