Regional Development Company

Organization Overview

Regional Development Company is located in Valparaiso, IN. The organization was established in 1995. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Regional Development Company employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Development Company 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 09/2022, Regional Development Company generated $931.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $975.8k during the year ending 09/2022. While expenses have increased by 3.6% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO HELP SMALL BUSINESSES BECOME AWARE OF SBA 504 LOAN FINANCING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FINANCING WAS PROVIDED TO 52 APPLICANTS DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2022.


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Board, Officers & Key Employees

Name (title)Compensation
Erica Dombey
Executive Director
$183,476
Rex Richards
Past Chair
$0
Scott Casbon
Secretary
$0
John Matthiesen
Treasurer
$0
Michael Schneider
Chair
$0
Matthew Saltanovitz
Vice Chair
$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$828,132
Investment income $189
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $92,377
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $931,106

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