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Nonprofiteer
← DEVELOPMENT COMPANY FUNDING CORPORATION

Form 990-EZ for tax year 2022

Filed by DEVELOPMENT COMPANY FUNDING CORPORATION.

Totals

Total revenue
$35
Total expenses
$0
Contributions and grants received
not reported
Grants paid
not reported
Program service revenue
not reported
Membership dues (line 3)
not reported
Investment income (line 4)
$35
Gain or loss on sale of assets (line 5c)
not reported
Gaming and fundraising events, net (line 6d)
not reported
Gross profit on inventory sales (line 7c)
not reported
Other revenue (line 8)
not reported
Total assets, end of year
$35,949
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$35,949
Program service expenses (Part III)
$0

Mission and programs · 2022

Primary exempt purpose

DCFC's primary purpose is to manage the monthly 504 debenture sales for the SBA job creation program. It accomplishes this through its role as the sole member/owner of the LLC that is the fiscal and selling agent subcontracted to SBA to perform the debenture sales. DCFC also organizes and hosts periodic educational programs for SBA staff and industry members on the 504 program.

  • Through its LLC, the corporation focuses on economic development and job creation by the monthly funding of the SBA 504 loans to small businesses. The trust certificates are guaranteed by the U.S. Small Business Administration and are sold to investors through two underwriters, whose performance the LLC and DCFC oversee. These small business loans provide funding to enable the receiving firms to expand, to create new jobs, or to meet any of several public policy objectives established by Congress.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part IV

  • Zola Finch

    Chair of the Governance Committee

    Total calculated
    $0
    Hours/week
    1

  • Laurel Walk

    Chair of the CSA User Committee

    Total calculated
    $0
    Hours/week
    1

  • Bill Habermeyer

    Chair of the Regulatory Committee

    Total calculated
    $0
    Hours/week
    1

  • Sara Vanhala

    Chair of the Legislative Committee

    Total calculated
    $0
    Hours/week
    0.25

  • Patrick MacKrell

    Immediate Past Chair

    Total calculated
    $0
    Hours/week
    1

  • LaKisha Gant

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Elaine Fairman

    Treasurer

    Total calculated
    $0
    Hours/week
    0.25

  • John Evans

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Matt Davis

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Rhonda Pointon

    President & CEO

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990_ez
Tax year
2022
Filed
16 January 2024
IRS schema version
2022v5.0
Source object
202430229349201258

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