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.
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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:
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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.
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
Phone
(937) 225-6328Principal Officer
Stephen Naas
Main Address
130 W 2ND STREET 1420, DAYTON, OH, 45402
Website
www.bizcap.orgNTEE Category
Code: S300 - Community improvement
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