NonprofitsNational Association Of Development Companies

National Association Of Development Companies

BETHESDA, MD

Total revenue

$2.6M

Total expenses

$2.4M

Net assets

$3.1M

Grants received

EIN

521260579

Tax year

2023

Mission

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

Programs

2 programs

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.

Financials

FY 2023

Revenue

Contributions & grants$30K
Program service revenue$2.4M
Investment income$138K
Other revenue$69K
Total revenue$2.6M

Expenses

Grants paid$16K
Salaries & benefits$1.2M
Fundraising
Other expenses$1.2M
Total expenses$2.4M
Total assets$3.9M
Net assets$3.1M

People

23 listed

NameRoleCompensation

Rhonda Pointon

President and CEO

Board

$330K

50 hrs/wk

David Amick

Director

Board

1 hrs/wk

Jim Conroy

Director

Board

1 hrs/wk

Kisha Gant

Director

Board

1 hrs/wk

Chris Topping

Director

Board

1 hrs/wk

Sherwood Robbins

Chair of CSA Committee

Board

1 hrs/wk

Todd Buchanan

Chair of Legislative Committee

Board

1 hrs/wk

Erik Adams

Director

Board

1 hrs/wk

Bill Habermeyer

Chair of Regulatory Commit

Board

3 hrs/wk

Laurel Walk

Chair of the Economic Development Committee

Board

1 hrs/wk

Ann Munroe

Treasurer

Board

3 hrs/wk

Elaine Fairman

Secretary

Board

2 hrs/wk

Sara Vanhala

Vice Chair

Board

5 hrs/wk

John Evans

Chair of the Board

Board

1 hrs/wk

Hilda Kennedy

Chair of the Governance Co

Board

1 hrs/wk

Giovanna Piovanetti

Director

Board

1 hrs/wk

Brooke Mirenda

Director

Board

1 hrs/wk

Wes Darnell

Director

Board

1 hrs/wk

Lynne Keller Forbes

Director

Board

1 hrs/wk

Wayne Williams

EVP, Regulatory Affairs an

Staff

$223K

40 hrs/wk

Mandy Robertson

SVP, Conferences & Operati

Staff

$151K

40 hrs/wk

Renee Bender

VP, Government Relations

Staff

$135K

40 hrs/wk

Denise Ripley

VP, Regulatory Affairs, Tr

Staff

$105K

1 hrs/wk

Independent contractors

Studio Pearl LLC

Marketing Services

$169K

Details

EIN521260579
Subsection06
Ruling date1983-02
Formed1981
Employees5
Volunteers0
NATIONAL ASSOCIATION OF DEVELOPMENT COMPANIES — Mission, Financials & Grants Received | Grantivo