Overview
What is East-Central Idaho Development Comp?
East-Central Idaho Development Comp, located in Rexburg, Idaho, is a company that plays a significant role in the Small Business Administration (SBA) 504 loan program. Specifically, they procure, fund, and service these loans, which are crucial for small businesses in need of capital for their operations and expansion. By providing these loans, East-Central Idaho Development Comp contributes to the growth and sustainability of businesses in the region. Their operations are conducted under the name Altura Business Finance.
Is East-Central Idaho Development Comp legitimate?
East-Central Idaho Development Comp is a legitimate nonprofit organization registered as a 501(c)(4) entity. East-Central Idaho 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.
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What is the mission statement of East-Central Idaho Development Comp?
The East-Central Idaho Development Company's mission is centered around procuring, funding, and providing services for Small Business Administration (SBA) 504 loans. This organization plays a significant role in facilitating access to financial assistance for businesses, thereby contributing to their growth and development. By offering SBA 504 loans, the company aims to support entrepreneurship and contribute to economic development in the relevant sector. The company's activities primarily focus on providing the necessary funding and services required to secure these loans, thereby promoting business growth and development.
Who is the CEO of East-Central Idaho Development Comp?
Terry Butikofer is the Board Member of East-Central Idaho Development Comp.
What is the revenue of East-Central Idaho Development Comp?
East-Central Idaho Development Comp's revenue in 2022 was $702,206.
Who are the executives of East-Central Idaho Development Comp 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 East-Central Idaho Development Comp?
East-Central Idaho Development Comp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of East-Central Idaho Development Comp
The East-Central Idaho Development Company plays a crucial role in the procurement, funding, and service of SBA 504 loans. This nonprofit organization's mission is centered around facilitating these loans, which are a vital resource for businesses seeking growth and expansion opportunities. The company's activities aim to support local businesses, providing them with the necessary financial aid to thrive and contribute positively to the economy. By procuring, funding, and servicing SBA 504 loans, the East-Central Idaho Development Company is instrumental in fostering business growth and development in the community.
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Impact
October, 2024
East-Central Idaho Development Company significantly enhances economic opportunities in the region by procuring, funding, and servicing SBA 504 loans. These loans are crucial for small businesses seeking to expand, acquire assets, or invest in property. By facilitating access to capital, the organization supports local entrepreneurs and small business owners, driving community growth and improvement.
The work of East-Central Idaho Development Company directly boosts job creation, stimulates local economies, and encourages sustainable development in East-Central Idaho. This financial assistance empowers businesses to thrive, fostering an environment where innovation and progress can flourish. As a result, the organization plays a vital role in enhancing the overall economic landscape of the region, making a lasting impact on the community.
This information is meant to be a general summary of East-Central Idaho 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: $45,171
- Program Service Revenue: $657,035
- Gross Receipts: $702,206
Assets and Liabilities:
- Total Assets: $3,332,671
- Total Liabilities: $125,497
- Net Assets: $3,207,174
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN FEES
Revenue
$548,351
CLOSING FEES
Revenue
$52,462
PARTICIPATION FEES
Revenue
$48,832
SERVICING FEES
Revenue
$4,905
PACKAGING FEES
Revenue
$2,485
Organization Details
Founding Year
1988
Phone
(208) 356-4524Principal Officer
Terry Butikofer
Main Address
299 EAST 4TH NORTH, REXBURG, ID, 83440
NTEE Category
Code: S43 - Community improvement
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