Independent Development Services Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 650592148 ✦ Fort myers, FL ✦ Designated as a 501(c)(4)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Independent Development Services Corporation?

Independent Development Services Corporation, based in Fort Myers, Florida, is a licensed entity by the U.S. Small Business Administration (SBA) as a Certified Development Company. Their primary role is to support job creation and retention through SBA lending, offering approximately forty new loans annually, with a total value slightly exceeding $40 million. Beyond their direct lending activities, they also offer support services to other SBA-licensed entities in various states, including marketing, underwriting, and portfolio management. During the COVID-19 pandemic, they participated in the SBA's Payroll Protection Program (PPP) as a Lender under the Community Financial Institutions (CFIs) allowance. The corporation employs a team of twelve individuals.


Official website here: www.idscorp.org

Is Independent Development Services Corporation legitimate?

Independent Development Services Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Independent Development Services Corporation 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: $438,153
Professional Fundraising Fees: $0
Other Salaries and Wages: $534,628

For more financial information, click here


Official website here: www.idscorp.org

What is the mission statement of Independent Development Services Corporation?

Independent Development Services Corporation's mission is centered around promoting job creation and retention. As a certified development company licensed by the Small Business Administration, their primary goal is to achieve this through SBA Lending. The corporation actively participates in the SBA 504 program, approving an average of forty new loans annually, exceeding $40 million. In addition, with the SBA's consent, IDS Corporation provides support services to other certified development companies in various states, assisting them with marketing, underwriting, and portfolio management. During the COVID-19 pandemic, IDS Corporation also acted as a lender under the SBA's Payroll Protection Program, supporting community financial institutions.


Official website here: www.idscorp.org

Who is the CEO of Independent Development Services Corporation?

Thomas Wallace is the Director of Independent Development Services Corporation.


Official website here: www.idscorp.org

What is the revenue of Independent Development Services Corporation?

Independent Development Services Corporation's revenue in 2022 was $1,612,655.


Official website here: www.idscorp.org

Who are the executives of Independent Development Services Corporation and what are their salaries?

The average compensation at Independent Development Services Corporation during 2022 was $81,065. There are 12 employees at Independent Development Services Corporation.


Here are 13 key members and their salaries:


Hakim Kassam (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Daltry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Admire-Bergau (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Rhinehart (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Kozak (Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Lizzi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Haley Casselman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lester Clark (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne Specht (Secretary / Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Bockhorst (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Al Williams (Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Wallace (President / Asst. Secretar)
  • Compensation: $141,342
  • Related: $0
  • Other: $0
Margaret Guzinski (Senior Vice President)
  • Compensation: $110,813
  • Related: $0
  • Other: $0


Official website here: www.idscorp.org

Where can I find the form 990 for Independent Development Services Corporation?

Independent Development Services Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.idscorp.org

Learn more at the official website: www.idscorp.org

Mission Statement of Independent Development Services Corporation

Independent Development Services Corporation, abbreviated as IDS Corporation, is dedicated to promoting job creation and retention. As a Certified Development Company licensed by the Small Business Administration (SBA), IDS Corporation specializes in making and servicing loans under the SBA 504 program. This mission is geared towards fostering business growth and job opportunities for small businesses.

Beyond its direct lending activities, IDS Corporation also extends its support to other SBA-licensed Certified Development Companies (CDCs) in various states. This assistance encompasses marketing, underwriting, and portfolio management, enabling these CDCs to better serve their respective communities. By providing these services, IDS Corporation plays a significant role in augmenting the capacity of other CDCs to support small businesses, thereby contributing to the broader goal of job creation and retention.

During the COVID-19 pandemic, IDS Corporation further demonstrated its commitment to small businesses by participating in the SBA's Payroll Protection Program (PPP) as a Lender for Community Financial Institutions (CFIs). This involvement allowed IDS Corporation to support small businesses in their efforts to maintain their workforce and weather the challenges posed by the pandemic. Overall, the mission of Independent Development Services Corporation can be summarized as an unwavering commitment to fostering job creation and retention through its SBA Lending activities, both directly and in collaboration with other CDCs.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

Independent Development Services Corporation plays a vital role in job creation and retention through strategic SBA lending. As a licensed Certified Development Company, it facilitates loans under the SBA 504 program, historically approving approximately forty new loans each year, totaling over $40 million annually. This financial support fosters business growth and stability, essential for community development.

In addition to direct lending, the Corporation provides essential support services to other Certified Development Companies in areas such as marketing, underwriting, and portfolio management across several states, enhancing the overall efficiency and reach of SBA lending programs. Its participation in the Payroll Protection Program further underscores its commitment to supporting local businesses, particularly during economic challenges.

The impact of these efforts is significant, as they not only stimulate economic growth but also enhance community improvement, making a tangible difference in the areas served.




This information is meant to be a general summary of Independent Development Services 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.

Revenue
$1,612,655 (2022)
Expenses
$1,777,142 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $1,601,652
  • Gross Receipts: $1,612,655

Assets and Liabilities:

  • Total Assets: $394,969
  • Total Liabilities: $423,679
  • Net Assets: -$28,710

Want to help this charity, for free? You can click here to learn more about Give Freely

Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Portfolio Servicing Fe

Revenue

$827,540

Commitment Fees, Net

Revenue

$331,860

Portfolio management s

Revenue

$214,539

Funding Fees

Revenue

$103,415

PPP Processing Fees an

Revenue

$33,292

Organization Details

Founding Year

1995

Principal Officer

Thomas Wallace

Main Address

8280 College Parkway Suite 204, Fort Myers, FL, 33919

NTEE Category

Code: S43 - Community improvement

If you are a representative of Independent Development Services Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.