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County Corp Development

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

EIN: 311023724 ✦ Dayton, OH ✦ Designated as a 501(c)(3)

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Overview

What is County Corp Development?

County Corp Development is a nonprofit organization situated in Dayton, Ohio, primarily dedicated to enhancing economic development opportunities in Montgomery County and surrounding regions. Their primary mission is to create and retain jobs within this area by providing financing to small businesses. This financing aids in the growth and development of businesses in Ohio, particularly in Montgomery, Greene, Miami, Clark, Shelby, Darke, Champaign, Preble, Warren, and Butler Counties. Additionally, County Corp Development extends its services to six neighboring counties in Indiana: Wayne, Randolph, Jay, Union, Fayette, and Franklin. Previously, County Corp Development managed the SBA 504 Loan Program in Ohio, processing, approving, and closing loans for 60 businesses. However, in June 2021, they voluntarily withdrew as a 504 certified lender, and the SBA 504 Loan portfolio was transferred to another organization for servicing until October 30, 2022.


Official website here: www.bizcap.org

Is County Corp Development legitimate?

County Corp Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. County Corp 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.bizcap.org

What is the mission statement of County Corp Development?

County Corp Development's mission is centered around enhancing the lives of residents in various counties by facilitating improved economic development opportunities. Their primary objective is the creation and retention of jobs within these regions. The organization provides financing to small businesses, aiding in their growth and development across Ohio. County Corp Development primarily serves Montgomery, Greene, Miami, Clark, Shelby, Darke, Champaign, Preble, Warren, and Butler counties in Ohio, as well as six counties in Indiana: Wayne, Randolph, Jay, Union, Fayette, and Franklin. Their ultimate goal is to stimulate job creation and retention in these service areas.


Official website here: www.bizcap.org

Who is the CEO of County Corp Development?

Stephen Naas is the Chair of County Corp Development.


Official website here: www.bizcap.org

What is the revenue of County Corp Development?

County Corp Development's revenue in 2022 was $91,994.


Official website here: www.bizcap.org

Who are the executives of County Corp Development and what are their salaries?


Here are 12 key members and their salaries:


Daniel Davis (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Cluxton (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clinton Morton (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Woods (Treasuer [Oct-Apr])
  • Compensation: $0
  • Related: $0
  • Other: $0
Neal Ratliff (Immediate Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Corbin (Trustee [Oct-Apr], Treasurer [Apr-Sep])
  • Compensation: $0
  • Related: $0
  • Other: $0
David Dickerson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Dando (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Hill (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristen Spenceley (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Naas (President/Asst. Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracy Schultz (Assistant Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.bizcap.org

Where can I find the form 990 for County Corp Development?

County Corp Development's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bizcap.org

Learn more at the official website: www.bizcap.org

Mission Statement of County Corp Development

County Corp Development, a nonprofit organization, is committed to enhancing the quality of life for residents in Montgomery County and surrounding areas by fostering improved economic development opportunities. The primary objective of this organization is to create and retain jobs within these regions. In pursuit of this mission, County Corp Development provides financing to small businesses, aiding in their growth and development across Ohio. Specifically serving Montgomery, Greene, Miami, Clark, Shelby, Darke, Champaign, Preble, Warren, and Butler Counties in Ohio, as well as six counties in Indiana: Wayne, Randolph, Jay, Union, Fayette, and Franklin, this nonprofit aims to stimulate job creation and retention within these service areas.

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Impact




October, 2024

County Corp Development significantly contributes to the economic vitality of Montgomery County and its surrounding areas by enhancing job creation and retention. By improving economic development opportunities, the organization plays a crucial role in elevating the quality of life for local residents.

Through its operation of the SBA 504 Loan Program in Ohio, County Corp Development has facilitated the growth and development of small businesses by providing vital financing options. Over the years, it has processed, approved, and closed numerous loans, directly impacting the communities it serves. While it has recently transitioned its servicing functions, its steadfast commitment to supporting small businesses remains evident.

By focusing on a wide range of counties, including Montgomery, Greene, and Miami in Ohio and extending services into Indiana, County Corp Development addresses the diverse needs of the regional economy. The organization’s efforts not only foster economic resilience but also empower entrepreneurs to realize their business potential, further contributing to the overall growth and sustainability of the local economy.




This information is meant to be a general summary of County Corp 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.

Revenue
$91,994 (2022)
Expenses
$106,174 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $49
  • Program Service Revenue: $83,745
  • Gross Receipts: $91,994

Assets and Liabilities:

  • Total Assets: $5,660,471
  • Total Liabilities: $4,060,446
  • Net Assets: $1,600,025

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Programs

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

SBA PROC & SERV FEES

Revenue

$62,759

CDBG LOAN INT & FEES

Revenue

$19,719

STATE 166 INCOME

Revenue

$1,000

DAY CARE LOAN INTEREST

Revenue

$267

Organization Details

Founding Year

1981

Principal Officer

Stephen Naas

Main Address

130 W 2ND STREET 1420, DAYTON, OH, 45402

NTEE Category

Code: S300 - Community improvement

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