Overview
What is Birmingham City Wide Local Development Company?
Birmingham City Wide Local Development Company is a nonprofit organization situated in Birmingham, Alabama, specifically at 1500 1st Avenue North. Their primary mission is to support small businesses by offering startup loan assistance to eligible applicants. Leveraging partnerships with organizations such as the Small Business Administration (SBA), they provide financial aid to these businesses during their initial stages. Additionally, they offer management assistance during the startup period to ensure the smooth operation of these new ventures.
Is Birmingham City Wide Local Development Company legitimate?
Birmingham City Wide Local Development Company is a legitimate nonprofit organization registered as a 501(c)(4) entity. Birmingham City Wide Local Development Company 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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What is the mission statement of Birmingham City Wide Local Development Company?
The Birmingham City Wide Local Development Company is dedicated to serving small businesses by providing them with loans through the Small Business Administration (SBA). This organization's mission is to offer startup loan assistance to eligible applicants, providing them with the necessary financial support during their initial stages. Furthermore, the company offers management assistance during the startup period, ensuring that these small businesses receive the necessary guidance and support to thrive.
Who is the CEO of Birmingham City Wide Local Development Company?
Robert Dickerson Jr is the President of Birmingham City Wide Local Development Company.
What is the revenue of Birmingham City Wide Local Development Company?
Birmingham City Wide Local Development Company's revenue in 2022 was $866,070.
Who are the executives of Birmingham City Wide Local Development Company and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Birmingham City Wide Local Development Company?
Birmingham City Wide Local Development Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Birmingham City Wide Local Development Company
Birmingham City Wide Local Development Company is dedicated to supporting small businesses by offering loan assistance through the Small Business Administration (SBA). This mission is carried out by providing startup loans to eligible business applicants and offering management assistance during the initial stages of their operations. By offering these financial and advisory services, the organization aims to empower small businesses and contribute to their growth and success. The Company's mission is crucial in promoting economic development and fostering a vibrant business environment.
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Impact
October, 2024
Birmingham City Wide Local Development Company plays a vital role in fostering economic growth and community improvement in Birmingham, Alabama. By providing loans through the Small Business Administration (SBA), the organization enables eligible small businesses to access essential startup funding. This financial support not only helps entrepreneurs overcome initial financial hurdles but also encourages the establishment and growth of new businesses in the community.
In addition to loan assistance, the Company offers management support during the crucial startup phase. This holistic approach ensures that business owners receive guidance and resources necessary for sustainable development, increasing their chances of success. Through these efforts, Birmingham City Wide Local Development Company significantly impacts local job creation, economic vitality, and the overall improvement of the community’s economic landscape.
This information is meant to be a general summary of Birmingham City Wide Local Development Company. 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: $2,995
- Program Service Revenue: $710,352
- Gross Receipts: $866,070
Assets and Liabilities:
- Total Assets: $1,871,529
- Total Liabilities: $48,336
- Net Assets: $1,823,193
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Service fees
Revenue
$563,358
Processing fees
Revenue
$146,994
Organization Details
Founding Year
1978
Phone
(205) 250-6380Principal Officer
Robert Dickerson Jr
Main Address
1500 1st Avenue North, Birmingham, AL, 35203
NTEE Category
Code: S43 - Community improvement
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