NonprofitsAreawide Development Corporation

Community Improvement & Capacity Building

Areawide Development Corporation

ALCOA, TN

Total revenue

$347K

Total expenses

$345K

Net assets

$1.4M

Grants received

EIN

621133405

Tax year

2023

Mission

To provide long-term loans to small businesses for the purpose of conversion, or expansion, including the acquisition of land, building and leasehold improvements. Areawide development corporation also provides all services for the loan portfolio. Small business finance is a most important function in assiting in the creation of private sector jobs. Areawide development corporations primary function and goal is private sector job creation.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$298K
Investment income$49K
Other revenue
Total revenue$347K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$345K
Total expenses$345K
Total assets$1.4M
Net assets$1.4M

People

10 listed

NameRoleCompensation

DEBBIE SUDHOFF

EXECUTIVE DI

Board

TONY THOMPSON

PRESIDENT

Board

TERI BRAHAMS

VICE PRESIDE

Board

JIM MCBREARTY

TREASURER

Board

ROSEMARY WIGINGTON

SECRETARY

Board

GREG DAVIS

DIRECTOR

Board

ROSA MAR

DIRECTOR

Board

DARREN MURRAY

DIRECTOR

Board

BILL STEVERSON

DIRECTOR

Board

DAVID VERBLE

DIRECTOR

Board

Details

EIN621133405
NTEE codeS30
Subsection04
Ruling date2020-04
Formed1981
Employees0
Volunteers9
AREAWIDE DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo