2024-02-09T13:30:34-06:00 2023-09-30 541342298 Kositzka Wicks and Company 5270 Shawnee Road Suite 250 Alexandria VA 22312 990 2022-10-01 521260579 National Association of Development Comp NATI 2023490070 10319 Westlake Drive Unit 197 Bethesda MD 20817 Rhonda Pointon President & CEO 2023490070 2024-02-08 1 Rhonda Pointon 999009999 0 Stephen G Travis CPA P00158766 7036422700 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z Rhonda Pointon 10319 Westlake Drive Unit 197 Bethesda MD 20817 4196047 0 X www.nadco.org X 1981 DC To provide a medium where members consult with governmental agencies to solve problems. 19 18 5 0 0 0 0 0 1943996 2237228 164218 14830 64924 61373 2173138 2313431 0 0 0 0 1073343 1137416 0 0 0 736447 1162057 1809790 2299473 363348 13958 2973194 3265900 617782 735685 2355412 2530215 NADCO provides a medium through which members can confer, consult, and cooperate with governmental or other agencies in solving problems affecting members. 0 0 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. 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 15 0 1 5 1 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X The Organization 2023490070 10319 Westlake Drive Unit 197 Bethesda MD 20817 Erik Adams Director 1.00 X 0 0 0 Giovanna Piovanetti Director 1.00 X 0 0 0 Sherwood Robbins Director 1.00 X 0 0 0 Brooke Mirenda Director 1.00 X 0 0 0 Todd Buchanan Director 1.00 X 0 0 0 Lynne Keller Forbes Director 1.00 X 0 0 0 Ann Munroe Director 1.00 X 0 0 0 Chris Topping Director 1.00 X 0 0 0 Patricia Kibbe Director 8.00 X 0 0 0 Laurel Walk Chair of the CSA Committee 1.00 X 0 0 0 Zola Finch Chair of the Governance Co 1.00 X 0 0 0 Sara Vanhala Chair of Legislative and P 5.00 X 0 0 0 Matt Davis Chair of the Board 3.00 X X 0 0 0 Bill Habermeyer Chair of Regulatory Commit 3.00 X 0 0 0 David Amick Chair of Audit Committee 1.00 X 0 0 0 LaKisha Gant Secretary 2.00 X X 0 0 0 Elaine Fairman Treasurer 3.00 X X 0 0 0 John Evans Vice Chair of the Board 1.00 X X 0 0 0 Rhonda Pointon President and CEO 50.00 X 307153 0 43048 Mandy Robertson SVP, Conferences & Operati 40.00 X 143457 0 15672 Wayne Williams EVP, Regulatory Affairs an 40.00 X 214322 0 28845 Renee Bender VP, Government Relations 40.00 X 129351 0 13563 794283 0 101128 4 0 1 0 0 Membership dues 900099 871405 871405 Registration fees 900099 517758 517758 Tuition and training fees 900099 413386 413386 Event sponsorships 900099 222627 222627 DCF contract income 900099 127774 127774 84278 84278 2237228 120483 120483 61373 61373 1776963 1882616 -105653 -105653 -105653 2313431 2237228 0 76203 X 381967 618171 46162 30180 60936 4945 85749 18978 252444 2956 3314 408 61293 574115 10666 Bank and credit card fe 82795 PAC expenses 22179 Telephone and internet 16447 Dues and subscriptions 9975 15793 2299473 415833 347781 357983 475957 36343 38699 60234 159117 41990 41990 0 0 2102801 2244346 2973194 3265900 128030 129878 437432 545424 52320 60383 617782 735685 X 2355412 2530215 2355412 2530215 2973194 3265900 13958 160845 0 X X 0 1 X 1 0 10000 10000 10000 0 Womack For Congress PO Box 508 Rogers AR 72757 271915848 5000 Roger Williams for Congress 10 N Caddo Street PMB 174 Cleburne TX 76031 263863117 5000 0 0 0 871405 149214 149214 217851 -68637 Part I-A, Line 1: National Association of Development Companies-504PAC is under the same employer identification number as the organization. The 504PAC provided support for various political candidates during the fiscal year ended September 30, 2023. 36809 36809 0 5181 5181 0 0 Funds held for others 60383 60383 X 2455298 160845 160845 2294453 18978 18978 2313431 2280495 0 2280495 18978 18978 2299473 Part X, Line 2: The following was disclosed related to uncertain tax positions in the financial statements. NADCO is exempt from federal income tax as a nonprofit organization described in Section 501(c)(6) of the Internal Revenue Code and is classified as an organization other than a private foundation. NADCO has adopted the provisions in FASB ASC 740-10. 1 X X X X X 0 0 0 Rhonda Pointon President and CEO 279653 0 27500 0 0 0 20670 0 22378 0 350201 0 0 0 Wayne Williams EVP, Regulatory Affairs an 194847 0 19475 0 0 0 14417 0 14428 0 243167 0 0 0 Mandy Robertson SVP, Conferences & Operati 130357 0 13100 0 0 0 9640 0 6032 0 159129 0 0 0 Form 990, Part VI, Section A, line 6 Membership consists of two classes of members: (1) active membership open to any certified development company certified by the SBA, and (2) affiliate membership open to others, private sector and government, who are interested in the 504 program and in receiving industry information. Form 990, Part VI, Section A, line 7a Active members are allowed to vote. Affiliated members have no right to vote. Form 990, Part VI, Section B, line 11b A draft Form 990 is provided to the president and the board prior to filing. A copy of the final 990 is provided to the board at a future board meeting. Form 990, Part VI, Section B, line 12c On or before June 1 of each year, directors and employees are required to disclose in writing any interests that could give rise to a conflict of interest and the names of all associates and close relatives. Directors and employees are required to promptly update the disclosures whenever there is a change. The secretary of the Board of Directors, the Organization's general counsel, and the president enforce this policy. Form 990, Part VI, Section B, line 15a The compensation committee reviews and approves the salary of the president. Various resources are used in determining the compensation. This was last performed during the tax year. Form 990, Part VI, Section C, line 18 Federal Form 990 is available on Guidestar's website and is also available upon request. Form 990, Part VI, Section C, line 19 The Organization's governing documents, conflict of interest policy, and financial statements are made available upon request. Form 990, Part IX, line 11g IT professional services 34,239. Other professional fees 189,735. Payroll fees 28,470. Form 990, Part XII, Line 2c The Organization has an audit committee that is responsible for reviewing the financial information including financial statements and related footnotes prior to issuance of the audit report. Development Company Funding Corporation 1725 Desales St NW Suite 504 Washington DC 20036 521484169 Parent of selling agent for certified development companies. DC 501(c)(4) 0 Development Company Finance LLC 1725 Desales St NW Suite 504 Washington DC 20036 900509963 Selling agent of trust certificates for certified development companies. DC Development Company Funding Corporation C 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 Development Company Finance LLC L 127774 Actual Development Company Finance LLC S 47005 Actual