Overview
What is Development Company Funding Corporation?
Development Company Funding Corporation is a nonprofit entity situated unspecified, with a significant focus on promoting economic growth and creating job opportunities. They achieve this goal by consistently funding Small Business Administration (SBA) 504 loans on a monthly basis to small businesses through their Limited Liability Company (LLC). This funding service plays a crucial role in supporting these enterprises and contributing to the overall economic development of the community.
Official website here: www.nadco.org
Is Development Company Funding Corporation legitimate?
Development Company Funding Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Development Company Funding 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.
Official website here: www.nadco.org
What is the mission statement of Development Company Funding Corporation?
The Development Company Funding Corporation, through its LLC, is dedicated to promoting economic growth and creating job opportunities. They accomplish this by providing regular funding for Small Business Administration 504 loans to small businesses. This financial assistance aids in the expansion and modernization of businesses, ultimately contributing to the overall economic development of the community.
Official website here: www.nadco.org
Who is the CEO of Development Company Funding Corporation?
Elaine Fairman is the Treasurer of Development Company Funding Corporation. The CEO's salary of Development Company Funding Corporation is $0 and their total compensation is $0.
Official website here: www.nadco.org
What is the revenue of Development Company Funding Corporation?
Development Company Funding Corporation's revenue in 2023 was $35.
Official website here: www.nadco.org
Who are the executives of Development Company Funding Corporation and what are their salaries?
Here are 10 key members and their salaries (Development Company Funding Corporation's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.nadco.org
Where can I find the form 990EZ for Development Company Funding Corporation?
Development Company Funding Corporation's most recent form 990EZ was submitted in 2023 and can be accessed here.
Official website here: www.nadco.org
Learn more at the official website: www.nadco.org
Mission Statement of Development Company Funding Corporation
Development Company Funding Corporation, with its LLC, is dedicated to fostering economic growth and job creation. It accomplishes this mission by providing regular funding for Small Business Administration (SBA) 504 loans to small businesses on a monthly basis. This financial support serves as a catalyst for economic development, enabling these businesses to expand their operations and create new employment opportunities. The corporation's activities are focused on this particular objective, contributing to the overall health and vitality of the business community.
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Impact
October, 2024
Development Company Funding Corporation plays a vital role in stimulating economic development and job creation. By providing monthly funding for SBA 504 loans, the organization supports small businesses in their growth and expansion efforts. This access to capital allows small businesses to invest in their operations, purchase real estate, and acquire equipment, ultimately leading to job creation within the community. Operating from Bethesda, MD, the corporation’s commitment to empowering entrepreneurs contributes significantly to community improvement and the overall economic health of the region. Through its initiatives, it fosters a more robust local economy by enabling small businesses to thrive and succeed.
This information is meant to be a general summary of Development Company Funding 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 2023.
- Investment Income: $35
- Gross Receipts: $35
Assets and Liabilities:
- Total Assets: $35,949
- Total Liabilities: $0
- Net Assets: $35,949
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Organization Details
Phone
(202) 349-0070Principal Officer
Elaine Fairman
Main Address
10319 Westlake Drive Unit 197, Bethesda, MD, 20817
Website
www.nadco.orgNTEE Category
Code: S31 - Community improvement
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