Form 990-EZ for tax year 2024
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
- $36,019
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $36,019
- Program service expenses (Part III)
- $0
Mission and programs · 2024
Primary exempt purpose
DCFC's primary purpose is to support 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 subcontracted to the fiscal agent responsible for the sale of the certificates (debentures) sold to fund the SBA 504 Loan Program. DCFC also organizes and hosts periodic educational programs on the 504 program.
-
Through its LLC, the corporation focuses on economic development and job creation by supporting the monthly funding of the SBA 504 loans to small businesses. The certificates are guaranteed by the U.S. Small Business Administration and are sold to investors through two underwriters. 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 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part IV
-
Bill Habermeyer
Chair of the Regulatory Co
- Total calculated
- $0
- Hours/week
- 0.5
-
Hilda Kennedy
Chair of the Governance Co
- Total calculated
- $0
- Hours/week
- 1
-
Matt Davis
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Sherwood Robbins
Chair of the CSA User Com
- Total calculated
- $0
- Hours/week
- 1
-
Todd Buchanan
Chair of Legislative and PAC Co
- Total calculated
- $0
- Hours/week
- 0.25
-
Ann Munroe
Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
-
Elaine Fairman
Secretary
- Total calculated
- $0
- Hours/week
- 0.1
-
John Evans
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Rhonda Pointon
President & CEO
- Total calculated
- $0
- Hours/week
- 1
-
Sara Vanhala
Vice Chair
- Total calculated
- $0
- Hours/week
- 0.5
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
- 2024
- Filed
- 15 January 2026
- IRS schema version
- 2024v5.5
- Source object
- 202640169349200214
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