Overview
What is Regional Development Alliance Inc?
Regional Development Alliance Inc, situated in Idaho Falls, Idaho, is a nonprofit organization with a primary mission to promote economic development in the region. They operate a Bonneville Revolving Loan Fund, which aims to assist small businesses struggling to secure financing from the private sector for their projects. The loans, funded in part by the U.S. Department of Commerce's Economic Development Administration, are specifically targeted towards job creation, small business start-ups or expansions, and promoting economic development activities. The organization has a small team of one dedicated individual, demonstrating their commitment to supporting local businesses and fostering job growth in Eastern Idaho.
Is Regional Development Alliance Inc legitimate?
Regional Development Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Regional Development Alliance Inc 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: $0
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Other Salaries and Wages: $103,633
For more financial information, click here
What is the mission statement of Regional Development Alliance Inc?
The Regional Development Alliance Inc's mission is centered around providing business financing, specifically for the purpose of job creation in Eastern Idaho. This is achieved through the operation of the Bonneville Revolving Loan Fund, which assists small businesses that have struggled to secure financing from private sectors for part or all of a project. The funds received from the U.S. Department of Commerce's Economic Development Administration are primarily utilized for the creation or retention of local jobs, supporting small business start-ups or expansions, aiding businesses, and promoting economic development activities.
Who is the CEO of Regional Development Alliance Inc?
Connie Chadwick is the Executive Di of Regional Development Alliance Inc.
What is the revenue of Regional Development Alliance Inc?
Regional Development Alliance Inc's revenue in 2022 was $480,196.
Who are the executives of Regional Development Alliance Inc and what are their salaries?
The average compensation at Regional Development Alliance Inc during 2022 was $103,633. There is 1 employee at Regional Development Alliance Inc.
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Where can I find the form 990 for Regional Development Alliance Inc?
Regional Development Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Regional Development Alliance Inc
Regional Development Alliance Inc, a nonprofit organization, is committed to providing business financing with the primary objective of promoting job creation in Eastern Idaho. Their mission is to extend financial aid to small businesses that have faced challenges in securing funding from the private sector for a portion or the entirety of their projects. The funds received from the U.S. Department of Commerce's Economic Development Administration are strategically utilized to foster the creation and retention of local jobs, support small business start-ups or expansions, and encourage economic development activities. By offering this financial assistance, Regional Development Alliance Inc plays a significant role in bolstering the economic landscape of Eastern Idaho.
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Impact
October, 2024
Regional Development Alliance Inc significantly impacts Eastern Idaho by facilitating business financing aimed at job creation. Their Bonneville Revolving Loan Fund specifically targets small businesses that struggle to secure traditional financing, providing crucial support for projects that might otherwise remain unrealized. By receiving funding from the U.S. Department of Commerce Economic Development Administration, they focus on creating and retaining local jobs, which directly contributes to the economic growth of the region.
This initiative not only assists in the startup and expansion of small businesses but also promotes broader economic development activities in Idaho Falls and surrounding areas. The organization plays a vital role in enhancing community improvement, fostering entrepreneurial spirit, and driving sustainable economic progress in Eastern Idaho.
This information is meant to be a general summary of Regional Development Alliance Inc. 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: $477,229
- Program Service Revenue: $2,967
- Gross Receipts: $503,564
Assets and Liabilities:
- Total Assets: $6,754,531
- Total Liabilities: $8,695
- Net Assets: $6,745,836
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ALL OTHER PROGRAMS
Revenue
$2,967
Organization Details
Founding Year
1997
Principal Officer
Connie Chadwick
Main Address
2300 NORTH YELLOWSTONE, IDAHO FALLS, ID, 83401
NTEE Category
Code: S31 - Community improvement
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