Overview
What is Bladen Development Corp?
Bladen Development Corp is a nonprofit organization dedicated to economic development within Bladen County. They manage a revolving loan program, providing financial assistance to eligible businesses in the area. Despite disbursing no loans in 2014 that remained unpaid at the end of the year, the organization continued its operations and received payments during the same period. The revolving loan fund is a significant tool for supporting local businesses, contributing to the county's economic growth.
Is Bladen Development Corp legitimate?
Bladen Development Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Bladen Development Corp 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 Bladen Development Corp?
Bladen Development Corp's mission revolves around economic development within its operational scope. They offer a revolving loan program to eligible businesses, aiming to stimulate growth and development within the organization's jurisdiction. Although no loans were disbursed and paid off in 2014, the corporation managed to receive payments during that year while administering the loan fund. This suggests their commitment to maintaining and overseeing the fund, even in challenging financial circumstances.
Who is the CEO of Bladen Development Corp?
Ricky Walters is the Vice President of Bladen Development Corp.
What is the revenue of Bladen Development Corp?
Bladen Development Corp's revenue in 2022 was $1,456.
Who are the executives of Bladen Development Corp and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Bladen Development Corp?
Bladen Development Corp's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Bladen Development Corp
Bladen Development Corp is dedicated to promoting economic growth within its jurisdiction by managing a revolving loan program. This program is designed to support qualifying businesses within Bladen county. In the past, no loans were disbursed in 2014 that had not been repaid by the end of that year. However, the organization saw payments being made throughout the year in subsequent years, indicating an active loan program. The corporation's role is to administer this fund, providing a financial boost to eligible businesses and contributing to the local economy.
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Impact
October, 2024
Bladen Development Corp plays a crucial role in fostering economic growth within Bladen County. By administering a revolving loan program, the organization provides financial support to qualifying businesses, facilitating their development and sustainability. This strategic funding approach helps to invigorate the local economy by enabling businesses to access the capital they need to expand operations, hire employees, and contribute to the community.
In 2014, while no new disbursements were made that remained unpaid at the end of the year, the organization managed to collect repayments, highlighting its commitment to responsible financial stewardship. This revolving loan fund serves not only to support emerging businesses but also to ensure that funds are reinvested in the community, creating a cycle of economic improvement and community enhancement. Through these efforts, Bladen Development Corp significantly contributes to the overall vitality and improvement of the local economic landscape.
This information is meant to be a general summary of Bladen Development Corp. 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.
- Program Service Revenue: $1,430
- Gross Receipts: $1,456
Assets and Liabilities:
- Total Assets: $402,251
- Total Liabilities: $0
- Net Assets: $402,251
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Organization Details
Phone
(910) 872-3882Principal Officer
Ricky Walters
Main Address
805 5TH STREET, BLADENBORO, NC, 28320
NTEE Category
Code: S31 - Community improvement
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