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← NATIONAL ASSOCIATION OF DEVELOPMENT COMPANIES

Form 990 for tax year 2024

Filed by NATIONAL ASSOCIATION OF DEVELOPMENT COMPANIES.

Totals

Total revenue
$2,893,533
Total expenses
$2,726,730
Contributions and grants received
$64,830
Grants paid
$17,505
Program service revenue
$2,542,006
Investment income
$220,010
Other revenue
$66,687
Total assets, end of year
$3,957,538
Total liabilities, end of year
$912,293
Net assets or fund balances, end of year
$3,045,245
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $64,830

  • 2a · Program service revenue: Membership dues

    total $969,344 · related or exempt $969,344

  • 2b · Program service revenue: Registration fees

    total $689,925 · related or exempt $689,925

  • 2c · Program service revenue: Tuition and training f

    total $418,074 · related or exempt $418,074

  • 2d · Program service revenue: Event sponsorships

    total $227,214 · related or exempt $227,214

  • 2e · Program service revenue: DCF contract income

    total $134,267 · related or exempt $134,267

  • 2f · All other program service revenue

    total $103,182 · related or exempt $103,182

  • 3 · Investment income

    total $220,010 · excluded $220,010

  • 5 · Royalties

    total $64,177 · excluded $64,177

  • 7a · Gross sales of assets other than inventory

    securities $469,000

  • 7b · Less cost or other basis and sales expenses

    securities $469,000

  • 7c · Gain or loss

    securities $0

  • 7d · Net gain or loss

    total $0

  • 11a · Other revenue: Other income

    total $2,510 · related or exempt $2,510

  • 11e · Other revenue, total

    $2,510

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $17,505

  • 5 · Compensation of officers, directors and key employees

    total $371,310

  • 7 · Other salaries and wages

    total $812,135

  • 8 · Pension plan contributions

    total $52,520

  • 9 · Other employee benefits

    total $66,454

  • 10 · Payroll taxes

    total $79,152

  • 11c · Fees: accounting

    total $96,746

  • 11f · Fees: investment management

    total $22,116

  • 11g · Fees: other

    total $304,025

  • 13 · Office expenses

    total $3,861

  • 17 · Travel

    total $49,893

  • 19 · Conferences, conventions and meetings

    total $696,332

  • 23 · Insurance

    total $11,260

  • 24a · Other expenses: Bank and credit card fe

    total $74,288

  • 24b · Other expenses: PAC expenses

    total $26,942

  • 24c · Other expenses: Telephone and internet

    total $19,541

  • 24d · Other expenses: Dues and subscriptions

    total $9,984

  • 24e · All other expenses

    total $12,666

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $238,514 · end of year $258,767

  • 2 · Savings and temporary cash investments

    beginning of year $813,451 · end of year $841,810

  • 4 · Accounts receivable

    beginning of year $31,000 · end of year $30,869

  • 9 · Prepaid expenses and deferred charges

    beginning of year $150,357 · end of year $156,846

  • 10a · Land, buildings and equipment: cost or other basis

    $41,990

  • 10b · Land, buildings and equipment: accumulated depreciation

    $41,990

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,713,682 · end of year $2,669,246

  • 17 · Accounts payable and accrued expenses

    beginning of year $104,630 · end of year $51,121

  • 19 · Deferred revenue

    beginning of year $658,121 · end of year $760,280

  • 25 · Other liabilities

    beginning of year $80,536 · end of year $100,892

  • 27 · Net assets without donor restrictions

    beginning of year $3,094,498 · end of year $3,018,701

  • 28 · Net assets with donor restrictions

    beginning of year $9,219 · end of year $26,544

Mission and programs · 2024

Mission

NADCO provides a medium through which members can confer, consult, and cooperate with governmental or other agencies in solving problems affecting members.

Activities or mission (Part I)

To provide a medium where members consult with governmental agencies to solve problems.

  • Meetings: NADCO organizes industry meetings as forums for all CDC and affiliate members to come together to learn about many topics of interest to members - such as updates on congressional actions that may impact the SBA 504 program, actions or proposals by SBA, other financial or technical program issues, and items of general interest to members. NADCO generally holds one mid-year annual meeting and may offer one symposium per year.

  • Professional Education: NADCO provides the only education for CDC staff and attorneys which focuses solely on the SBA 504 loan program. These courses are delivered in-person twice a year - once in conjunction with the annual meeting and once in the winter/early spring. These courses are generally two or three days, many of which require either industry and 504 experience, or prerequisites of certain NADCO courses. The courses focus on all aspects of 504 loan packaging, closing, servicing, and liquidation. NADCO also offers more limited on-line courses.

  • Government Relations: One of NADCO's primary missions is to represent the CDC membership at various governmental levels. This includes both the Congress and the Small Business Administration. NADCO advises the staff of the House and Senate small business committees on industry and 504 concerns and recommends courses of action as needed when Congress is considering legislation affecting either the SBA or the 504 loan programs. NADCO also works closely with management and field staff of the SBA in developing and managing loan policies, regulations, and practices. Our objective is to ensure that reasonable policies are developed which do not hinder CDC abilities to deliver 504 to small businesses.

As filed on the 2024 return.

Listed in Part VII

  • John Evans

    Chair of the Board

    Total calculated
    $0
    Hours/week
    1

  • Sara Vanhala

    Vice Chair

    Total calculated
    $0
    Hours/week
    5

  • Ann Munroe

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Elaine Fairman

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Todd Buchanan

    Chair of Legislative and PAC Committee

    Total calculated
    $0
    Hours/week
    1

  • Bill Habermeyer

    Chair of Regulatory Commit

    Total calculated
    $0
    Hours/week
    3

  • Hilda Kennedy

    Chair of Governance Committee

    Total calculated
    $0
    Hours/week
    1

  • Laurel Walk

    Chair of the Economic Deve

    Total calculated
    $0
    Hours/week
    1

  • Sherwood Robbins

    Chair of CSA Committee

    Total calculated
    $0
    Hours/week
    1

  • Chris Topping

    Chair of the Audit Committee

    Total calculated
    $0
    Hours/week
    1

  • William Pazmino

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brooke Mirenda

    Director

    Total calculated
    $0
    Hours/week
    1

  • Caryl Eriksson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gregg Swanson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ron Lien

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Williams

    Director

    Total calculated
    $0
    Hours/week
    1

  • Wes Darnell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Erik Adams

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rhonda Pointon

    President and CEO

    Total calculated
    $387,881
    From this org
    $339,328
    From related orgs
    $0
    Other
    $48,553
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $307,233
    Bonus
    $32,095
    Other
    $0
    Deferred
    $19,844
    Nontaxable benefits
    $28,709
    Filer's total
    $387,881

  • Renee Bender

    VP, Government Relations

    Total calculated
    $156,447
    From this org
    $142,278
    From related orgs
    $0
    Other
    $14,169
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,221
    Bonus
    $7,057
    Other
    $0
    Deferred
    $8,428
    Nontaxable benefits
    $5,741
    Filer's total
    $156,447

  • Mandy Robertson

    SVP, Conferences & Operati

    Total calculated
    $171,486
    From this org
    $154,689
    From related orgs
    $0
    Other
    $16,797
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,943
    Bonus
    $14,746
    Other
    $0
    Deferred
    $8,985
    Nontaxable benefits
    $7,812
    Filer's total
    $171,486

  • Wayne Williams

    EVP, Regulatory Affairs an

    Total calculated
    $260,382
    From this org
    $228,415
    From related orgs
    $0
    Other
    $31,967
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,825
    Bonus
    $21,590
    Other
    $0
    Deferred
    $13,349
    Nontaxable benefits
    $18,618
    Filer's total
    $260,382

  • Denise Ripley

    VP, Regulatory Affairs, Training & Support

    Total calculated
    $119,268
    From this org
    $107,286
    From related orgs
    $0
    Other
    $11,982
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, 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. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Development Company Finance LLC

    C · Support to fiscal agent for the sale of certificates for Certified Dev. Comp · DC

    Directly controlled by Development Company Funding Corporation

Provenance

Return type
form_990
Tax year
2024
Filed
15 January 2026
IRS schema version
2024v5.5
Source object
202630159349301828

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