Overview
What is Citywide Small Business Development?
Citywide Small Business, located at 8 N Main Street, Dayton, Ohio 45402, is a certified development company (CDC) affiliated with the U.S. Small Business Administration (SBA). As the region's oldest CDC, Citywide Small Business plays a crucial role in supporting small businesses by providing fixed asset financing through the SBA 504 program. This program primarily aids in the acquisition or renovation of commercial real estate and the acquisition of new or used machinery and equipment. By offering these financial services, Citywide Small Business contributes to the growth and development of small businesses in the area, thereby promoting economic prosperity.
Is Citywide Small Business Development legitimate?
Citywide Small Business Development is a legitimate nonprofit organization registered as a 501(c)(4) entity. Citywide Small Business Development 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.
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What is the mission statement of Citywide Small Business Development?
Citywide Small Business, being a certified development company under the U.S. Small Business Administration, primarily focuses on providing fixed asset financing. This is achieved through the SBA 504 program. Its mission is to support small businesses by financing projects related to commercial real estate acquisition or renovation, and the acquisition of new or used machinery and equipment. As the oldest certified development company in the region, Citywide Small Business plays a crucial role in facilitating growth and development for small businesses.
Who is the CEO of Citywide Small Business Development?
Rosalie Gehrich is the Vice Chairman of Citywide Small Business Development.
What is the revenue of Citywide Small Business Development?
Citywide Small Business Development's revenue in 2022 was $106,779.
Who are the executives of Citywide Small Business Development and what are their salaries?
Here are 23 key members and their salaries:
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- Related: $113,876
- Other: $9,840
Where can I find the form 990 for Citywide Small Business Development?
Citywide Small Business Development's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Citywide Small Business Development
Citywide Small Business, as a certified development company (CDC) affiliated with the U.S. Small Business Administration (SBA), plays a significant role in providing fixed asset financing. This is achieved through the SBA 504 program. As the oldest CDC in the region, Citywide Small Business is instrumental in facilitating the acquisition and renovation of commercial real estate, as well as the procurement of new or used machinery and equipment for businesses. The organization's mission is geared towards supporting the growth and development of small businesses by offering flexible financing solutions, thereby contributing to the overall economic prosperity of the community.
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Impact
October, 2024
Citywide Small Business Development significantly impacts the local economy by facilitating fixed asset financing, thereby empowering small businesses to thrive. As the region's oldest Certified Development Company (CDC) affiliated with the U.S. Small Business Administration (SBA), it provides essential resources for commercial real estate acquisition, renovation, and the purchase of new or used machinery and equipment.
By helping businesses secure funding through the SBA 504 program, Citywide Small Business Development not only fosters community improvement but also stimulates job creation and economic growth. The projects supported contribute to a vibrant local economy, enabling entrepreneurs to cultivate their ventures and enhance the community's overall prosperity. This commitment to supporting small businesses plays a crucial role in building a resilient and dynamic economic landscape in the Dayton, Ohio area.
This information is meant to be a general summary of Citywide Small Business Development. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $106,779
- Gross Receipts: $106,779
Assets and Liabilities:
- Total Assets: $825
- Total Liabilities: $86
- Net Assets: $739
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SBA FEES
Revenue
$106,779
Organization Details
Founding Year
1981
Phone
(937) 853-2529Principal Officer
Rosalie Gehrich
Main Address
8 N MAIN STREET, DAYTON, OH, 45402
NTEE Category
Code: S31 - Community improvement
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