National Association Of Development Companies
- Assets
- $3.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Bethesda, MD
- Founding
- 02/1983
- Data as of
- 09/2023
- EIN
- 52-1260579
Organization Overview
National Association Of Development Companies is located in Bethesda, MD. The organization was established in 1983. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, National Association Of Development Companies employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of Development Companies is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2023, National Association Of Development Companies generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $2.3m during the year ending 09/2023. While expenses have increased by 2.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A MEDIUM WHERE MEMBERS CONSULT WITH GOVERNMENTAL AGENCIES TO SOLVE PROBLEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Adams Director | Trustee | 1 | $0 |
Giovanna Piovanetti Director | Trustee | 1 | $0 |
Sherwood Robbins Director | Trustee | 1 | $0 |
Brooke Mirenda Director | Trustee | 1 | $0 |
Todd Buchanan Director | Trustee | 1 | $0 |
Lynne Keller Forbes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,237,228 |
| Investment income | $120,483 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $61,373 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$105,653 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,313,431 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $381,967 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $618,171 |
| Pension plan accruals and contributions | $46,162 |
| Other employee benefits | $30,180 |
| Payroll taxes | $60,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,945 |
| Fees for services: Accounting | $85,749 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,978 |
| Fees for services: Other | $252,444 |
| Advertising and promotion | $2,956 |
| Office expenses | $3,314 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $408 |
| Travel | $61,293 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $574,115 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,666 |
| All other expenses | $15,793 |
| Total functional expenses | $2,299,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $347,781 |
| Savings and temporary cash investments | $475,957 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,699 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $159,117 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,244,346 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,265,900 |
| Accounts payable and accrued expenses | $129,878 |
| Grants payable | $0 |
| Deferred revenue | $545,424 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $60,383 |
| Total liabilities | $735,685 |
| Net assets without donor restrictions | $2,530,215 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,265,900 |