NATIONAL ASSOCIATION OF DEVELOPMENT COMPANIES

As filed

Subsection

06

Classification

2000

Street

10319 WESTLAKE DRIVE UNIT 197

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

This address is a suite or unit (UNIT 197). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

• DEVELOPMENT COMPANY FUNDING CORPORATION

  EIN 52-1484169

Mission and programs · 2024

• 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.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $2,893,533

  Expenses

  $2,726,730

  Contributions

  $64,830

  Grants paid

  $17,505

• 2023

  Revenue

  $2,608,408

  Expenses

  $2,404,370

  Contributions

  $30,000

  Grants paid

  $15,781

• 2022

  Revenue

  $2,313,431

  Expenses

  $2,299,473

  Contributions

  $0

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $2,173,138

  Expenses

  $1,809,790

  Assets (EOY)

  $2,973,194

• 2020 · 990

  Revenue

  $2,084,875

  Expenses

  $1,578,918

  Assets (EOY)

  $2,754,957

• 2019 · 990

  Revenue

  $1,887,687

  Expenses

  $1,949,518

  Assets (EOY)

  $2,398,155

• 2018 · 990

  Revenue

  $1,965,084

  Expenses

  $2,005,314

  Assets (EOY)

  $2,503,294

• 2017 · 990

  Revenue

  $1,862,749

  Expenses

  $1,917,114

  Assets (EOY)

  $2,614,451

• 2016 · 990

  Revenue

  $1,893,734

  Expenses

  $1,865,282

  Assets (EOY)

  $2,636,930

• 2015 · 990

  Revenue

  $1,908,890

  Expenses

  $1,871,885

  Assets (EOY)

  $2,616,515

• 2014 · 990

  Revenue

  $1,409,579

  Expenses

  $1,289,105

  Assets (EOY)

  $2,406,882

• 2013 · 990

  Revenue

  $2,520,244

  Expenses

  $1,837,501

  Assets (EOY)

  $1,999,096

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $1,605,280

  Assets (EOY)

  $1,413,676

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• FLORIDA BUSINESS DEVELOPMENT CORPORATION

  $10,000

  2024 · SCHOLARSHIP

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files