Overview
What is National Association Of Development Comp?
The National Association of Development Company, headquartered in Bethesda, Maryland, serves as a platform for its members to collaborate and consult with governmental agencies. Their primary objective is to address challenges that affect their membership. The association hosts industry meetings as forums, allowing members to engage in discussions on various topics of interest, such as legislative updates, SBA program changes, and technical issues. With a workforce of six individuals, the National Association of Development Company plays a significant role in fostering collaboration and problem-solving within its membership base.
Official website here: www.nadco.org
Is National Association Of Development Comp legitimate?
National Association Of Development Comp is a legitimate nonprofit organization registered as a 501(c)(6) entity. National Association Of Development Comp 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: $348,911
Professional Fundraising Fees: $0
Other Salaries and Wages: $582,632
For more financial information, click here
Official website here: www.nadco.org
What is the mission statement of National Association Of Development Comp?
The National Association of Development Companies (NADCO) serves as a platform for its members to engage in dialogue with governmental agencies, aiming to resolve issues affecting their operations. This association facilitates collaboration and consultation between its members and relevant authorities to tackle problems collectively. NADCO organizes industry meetings, providing a platform for all its members to learn about various topics of interest, including updates on legislative actions, financial matters, and other industry-related concerns. These meetings allow members to stay informed and collaborate on solutions to shared challenges.
Official website here: www.nadco.org
Who is the CEO of National Association Of Development Comp?
Rhonda Pointon is the Director of National Association Of Development Comp. The CEO's salary of National Association Of Development Comp is $278,394 and their total compensation is $320,034.
Official website here: www.nadco.org
What is the revenue of National Association Of Development Comp?
National Association Of Development Comp's revenue in 2022 was $2,173,138.
Official website here: www.nadco.org
Who are the executives of National Association Of Development Comp and what are their salaries?
The average compensation at National Association Of Development Comp during 2022 was $155,257. There are 6 employees at National Association Of Development Comp.
Here are 23 key members and their salaries (National Association Of Development Comp's CEO's salary is $278,394 and their total compensation is $320,034):
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- Other: $5,856
Official website here: www.nadco.org
Where can I find the form 990 for National Association Of Development Comp?
National Association Of Development Comp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nadco.org
Learn more at the official website: www.nadco.org
Mission Statement of National Association Of Development Comp
The National Association of Development Companies, often referred to as NADCO, serves as a platform where its members can collaborate and communicate with governmental agencies to tackle common challenges. Its primary mission is to facilitate a space for consultation and cooperation among its members and relevant governmental or other organizations, with the aim of finding solutions to problems impacting the association's members. NADCO achieves this mission by organizing regular industry meetings, which function as forums for CDC and affiliate members to engage in discussions on various topics of interest. These topics may include updates on congressional actions affecting the SBA 504 program, proposals or actions by the SBA, and other financial or technical program issues, as well as general concerns relevant to the members. NADCO typically hosts one mid-year annual meeting and may also offer a symposium annually to provide members with ample opportunities to network, learn, and collaborate.
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Impact
October, 2024
The National Association of Development Companies (NADCO) plays a significant role in enhancing the effectiveness of Community Development Corporations (CDCs) and fostering collaboration with governmental agencies. By organizing industry meetings, NADCO provides a platform for its members to stay informed on critical topics such as congressional actions impacting the SBA 504 program and other relevant financial or technical issues.
These gatherings facilitate valuable networking opportunities and allow members to share best practices and strategies for addressing common challenges. Through its mission, NADCO encourages consultation and cooperation, empowering members to advocate for solutions that promote community improvement and economic development. Overall, NADCO's impact is seen in its ability to unify efforts, disseminate crucial information, and support the growth of community-focused initiatives in the regions served.
This information is meant to be a general summary of National Association Of Development Comp. 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: $164,218
- Program Service Revenue: $1,943,996
- Gross Receipts: $2,766,572
Assets and Liabilities:
- Total Assets: $2,973,194
- Total Liabilities: $617,782
- Net Assets: $2,355,412
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership dues
Revenue
$849,625
Tuition and training f
Revenue
$428,870
Registration fees
Revenue
$337,146
Event sponsorships
Revenue
$170,048
DCF contract income
Revenue
$117,666
Organization Details
Founding Year
1981
Phone
(202) 349-0070Principal Officer
Rhonda Pointon
Main Address
10319 Westlake Drive Unit 197, Bethesda, MD, 20817
Website
www.nadco.orgNTEE Category
Code: S43 - Community improvement
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