Overview
What is Business Development Finance Corporation?
The Business Development Finance Corporation, led by Isaacson and Patricia Cash, is a nonprofit organization based in Columbus, Ohio, and its surrounding areas. Their primary mission is to stimulate community development by easing the process of obtaining financial capital for distressed regions and individuals who have struggled to fully utilize such resources. They achieve this by offering working capital loans specifically to small businesses situated in Dublin, Ohio. The organization's goal is to bolster the economic growth of these communities and help businesses thrive in the face of financial challenges.
Is Business Development Finance Corporation legitimate?
Business Development Finance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Business Development Finance Corporation submitted a form 990EZ, 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.
What is the mission statement of Business Development Finance Corporation?
The Business Development Finance Corporation's mission is to foster community development by facilitating the circulation of financing and investment capital into underserved areas and businesses. This organization specifically focuses on providing working capital loans to small businesses in need, located in certain areas, such as Dublin, OH. Their goal is to support distressed communities and individuals who have had limited access to financial resources.
Who is the CEO of Business Development Finance Corporation?
Michael Adelamn is the President of Business Development Finance Corporation.
What is the revenue of Business Development Finance Corporation?
Business Development Finance Corporation's revenue in 2022 was $0.
Who are the executives of Business Development Finance Corporation and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990EZ for Business Development Finance Corporation?
Business Development Finance Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Business Development Finance Corporation
The Business Development Finance Corporation, often abbreviated as BDFC, is committed to fostering community development in various areas, extending beyond Columbus, Ohio. Their primary objective is to facilitate the circulation of lending and investment capital into underserved communities and individuals who have been financially disadvantaged, preventing them from fully leveraging their potential. To accomplish this mission, BDFC offers working capital loans specifically for existing small businesses situated in Dublin, Ohio. By providing these loans, the corporation aims to stimulate economic growth and empower local businesses, ultimately contributing to the betterment of the community.
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Impact
October, 2024
The Business Development Finance Corporation plays a crucial role in promoting community development in Columbus, Ohio, and its surrounding areas. By facilitating access to lending and investment capital, the organization addresses the financial challenges faced by distressed communities and individuals.
One of the key impacts of the corporation is its provision of working capital loans specifically designed for small businesses in Dublin, OH. This financial support enables local entrepreneurs to strengthen their operations, create jobs, and ultimately contribute to the economic revitalization of the area. By targeting those who have historically struggled to access capital, the Business Development Finance Corporation empowers individuals and businesses, fostering economic growth and sustainability.
In addition to its direct financial assistance, the organization also plays an educational role, helping small business owners navigate the complexities of funding and investment. By building financial literacy and business acumen, the corporation enhances the capability of local entrepreneurs to succeed and thrive.
Overall, the Business Development Finance Corporation significantly influences the local economy by enhancing access to capital, encouraging entrepreneurship, and supporting community resilience in Columbus and its surrounding areas.
This information is meant to be a general summary of Business Development Finance Corporation. 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.
Assets and Liabilities:
- Total Assets: $14,920
- Total Liabilities: $0
- Net Assets: $14,920
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Organization Details
Phone
(614) 645-6171Principal Officer
Michael Adelamn
Main Address
5475 RINGS ROAD 110, DUBLIN, OH, 43017
NTEE Category
Code: X99Z - Religion related
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