Overview
What is Utah Certified Development Company?
Utah Certified Development Company is a nonprofit organization situated in Ogden, Utah. Its primary mission is to aid small businesses in Utah by managing the 504 Loan Program on behalf of the U.S. Small Business Administration. This program assists small businesses in purchasing real estate to house their operations. The company undertakes various activities to promote and provide services to eligible businesses, including meetings with state agencies, local bankers, community organizations, and local business people. Utah Certified Development Company originates and services 504 loans to small businesses in Utah, thereby contributing to the growth and development of these businesses in the state. The organization currently employs 19 individuals.
Official website here: www.im504.com
Is Utah Certified Development Company legitimate?
Utah Certified Development Company is a legitimate nonprofit organization registered as a 501(c)(6) entity. Utah Certified 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $205,804
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,139,758
For more financial information, click here
Official website here: www.im504.com
What is the mission statement of Utah Certified Development Company?
Utah Certified Development Company aims to promote and provide services to businesses that qualify for the Small Business Administration 504 loan program. They achieve this by collaborating with state agencies, local bankers, community organizations, and local businesses. The company's primary activity involves originating and servicing 504 loans, which help small businesses in Utah purchase real estate to house their operations. By doing so, they contribute to the growth and development of small businesses within their community.
Official website here: www.im504.com
Who is the CEO of Utah Certified Development Company?
Caryl Eriksson is the CEO of Utah Certified Development Company The CEO's salary of Utah Certified Development Company is $205,804 and their total compensation is $205,804.
Official website here: www.im504.com
What is the revenue of Utah Certified Development Company?
Utah Certified Development Company's revenue in 2024 was $3,331,186.
Official website here: www.im504.com
Who are the executives of Utah Certified Development Company and what are their salaries?
The average compensation at Utah Certified Development Company during 2024 was $117,278. There are 20 employees at Utah Certified Development Company.
Here are 12 key members and their salaries (Utah Certified Development Company's CEO's salary is $205,804 and their total compensation is $205,804):
- Compensation: $336,260
- Related: $0
- Other: $0
- Compensation: $205,804
- Related: $0
- Other: $0
- Compensation: $178,112
- Related: $0
- Other: $0
- Compensation: $170,582
- Related: $0
- Other: $0
- Compensation: $162,551
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.im504.com
Where can I find the form 990 for Utah Certified Development Company?
Utah Certified Development Company's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.im504.com
Learn more at the official website: www.im504.com
Mission Statement of Utah Certified Development Company
Utah Certified Development Company actively engages with state agencies, local bankers, community organizations, and local businesses to promote and offer services to businesses eligible for the Small Business Administration (SBA) 504 loan program. The organization originates and services these 504 loans, providing financial assistance to small businesses in Utah to purchase real estate for their operations. By managing the 504 loan program in Utah, Utah Certified Development Company plays a crucial role in supporting the growth and development of small businesses in the state.
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Impact
October, 2024
Utah Certified Development Company plays a crucial role in supporting small businesses in the state by facilitating access to the Small Business Administration's (SBA) 504 Loan Program. This program is specifically designed to help small businesses finance the purchase of real estate, which is essential for establishing and expanding their operations.
By collaborating with state agencies, local bankers, community organizations, and business leaders, the organization promotes awareness and understanding of the 504 Loan Program. This integrative approach ensures that eligible businesses receive tailored guidance and support throughout the loan process, from the initial application to ongoing servicing.
The impact of Utah Certified Development Company extends beyond securing financing; it fosters economic development by empowering small businesses to invest in their physical infrastructure, create jobs, and stimulate local economies. By reducing barriers to real estate acquisition, the organization plays a vital role in strengthening the business landscape in Utah.
This information is meant to be a general summary of Utah Certified 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 2024.
- Investment Income: $15,616
- Program Service Revenue: $3,234,022
- Gross Receipts: $3,420,138
Assets and Liabilities:
- Total Assets: $2,892,245
- Total Liabilities: $842,732
- Net Assets: $2,049,513
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLOSING FEES
Revenue
$427,565
ORIGINATION FEES
Revenue
$775,172
PORTFOLIO INCOME
Revenue
$427,952
SERVICING FEES
Revenue
$1,603,333
Organization Details
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