2026-08-10T07:19:46-05:00 2025-09-30 592840381 PHILLIPS FELDMAN GROUP 801 LAUREL OAK DRIVE SUITE 303 NAPLES FL 341082764 990 2024-10-01 650592148 INDEPENDENT DEVELOPMENT SERVICES CORPORATION INDE 2396525588 8280 COLLEGE PARKWAY SUITE 204 FORT MYERS FL 33919 THOMAS WALLACE PRESIDENT 2396525588 2026-08-10 1 0 NATHAN A PHILLIPS CPA P00189856 2395661600 2024 2025-03-06 01:10:19Z THOMAS WALLACE 8280 COLLEGE PARKWAY SUITE 204 FORT MYERS FL 33919 1772039 0 X WWW.IDSCORP.ORG X CDC 1995 FL JOB CREATION AND RETENTION THROUGH SBA LENDING. 11 10 11 10 0 0 0 0 1493601 1763566 0 0 89340 8473 1582941 1772039 0 0 0 0 1340435 1436230 0 0 0 284643 317642 1625078 1753872 -42137 18167 363862 355984 330634 304589 33228 51395 OUR MISSION IS JOB CREATION AND RETENTION THROUGH SBA LENDING. 0 0 1598836 1772039 IDS CORPORATION IS LICENSED BY THE US SMALL BUSINESS ADMINISTRATION AS A CERTIFIED DEVELOPMENT COMPANY, MAKING AND SERVICING LOANS UNDER THE SBA 504 PROGRAM. HISTORICALLY THE COMPANY HAD AVERAGED APPROVALS OF FORTY NEW LOANS PER YEAR FOR AN AMOUNT SLIGHTLY IN EXCESS OF $40M ANNUALLY. THE COMPANY ALSO, WITH THE CONSENT OF THE SBA, AS THE APPROPRIATE FEDERAL REGULATOR, PROVIDES SUPPORT SERVICES TO OTHER CDC LICENSES FOR MARKETING, UNDERWRITING, AND PORTFOLIO MANAGEMENT; IN THE STATES OF NY, MD, KY, TN, NC, MS, LA, VA, AND DC. 1598836 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 2 0 1 11 1 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X THOMAS WALLACE & ERIC MILLER 2396525588 8280 COLLEGE PARKWAY FORT MYERS FL 33919 HAKIM KASSAM DIRECTOR 2.00 X 0 0 0 CHERYL ADMIRE-BERGAU DIRECTOR 2.00 X 0 0 0 MIKE KOZAK ASSISTANT SECRETARY 2.00 X 0 0 0 MARK LIZZI DIRECTOR 2.00 X 0 0 0 HALEY CASSELMAN DIRECTOR 2.00 X 0 0 0 LESTER CLARK CHAIR 2.00 X X 0 0 0 SUZANNE SPECHT SECRETARY / TREASURER 2.00 X X 0 0 0 DAN BOCKHORST DIRECTOR 2.00 X X 0 0 0 AL WILLIAMS ASSISTANT SECRETARY 2.00 X X 0 0 0 MICHAEL GREENHOE DIRECTOR 2.00 X 0 0 0 THOMAS WALLACE PRESIDENT / ASST. SECRETAR 60.00 X X 193931 0 42940 MARGARET GUZINSKI SENIOR VICE PRESIDENT 60.00 X 141883 0 18920 WILLIAM RIDGEWAY VP & SENIOR UNDERWRITER 60.00 X 105072 0 0 ERIC MILLER VICE PRESIDENT 60.00 X 126571 0 19134 567457 0 80994 4 0 1 0 0 PORTFOLIO SERVICING FE 900099 771157 771157 COMMITMENT FEES, NET 900099 397067 397067 PORTFOLIO MANAGEMENT S 900099 350467 350467 FUNDING FEES 900099 71100 71100 173775 173775 1763566 LATE PAYMENT AND OTHER 900099 8473 8473 8473 1772039 1772039 0 0 567457 567457 428857 428857 99366 99366 267434 267434 73116 73116 5982 5982 21680 21680 27741 7207 20534 32578 32578 84933 84933 55906 55906 70466 70466 7016 7016 1201 1201 10139 10139 1753872 1598836 155036 0 10168 126815 202439 16833 17645 33096 32717 1580 379 208466 135521 363862 355984 14282 24189 316352 280400 330634 304589 X 33228 51395 33228 51395 363862 355984 18167 0 X 0 1 X 1 0 X 1844641 1612655 1700032 1582941 1772039 8512308 1844641 1612655 1700032 1582941 1772039 8512308 8512308 8512308 1.00000 1.00000 X 33096 32717 379 379 457(F) PLAN PARTICIPANT ASSETS 123885 ROU ASSET - OPERATING LEASE 11636 135521 457(F) PLAN PARTICIPANT LIABILITIES 123885 ACCRUED PAYROLL, PROFIT SHARING, AND PAYROLL TAXES 80093 LINE OF CREDIT 57500 LEASE LIABILITY - OPERATING 11283 BANK OVERDRAFT 7639 280400 X 1772039 0 1772039 0 1772039 1753872 0 1753872 0 1753872 PART X, LINE 2: IDS HAS EVALUATED ITS TAX POSITION AND CONCLUDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISION OF THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES WITHIN THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. X 0 1 X X X 0 0 0 0 0 0 0 0 0 THOMAS WALLACE PRESIDENT / ASST. SECRETAR 156035 0 7000 0 30896 0 42940 0 0 0 236871 0 0 0 MARGARET GUZINSKI SENIOR VICE PRESIDENT 124138 0 3000 0 14745 0 18920 0 0 0 160803 0 0 0 PORTFOLIO DEVELOPMENT SERVICES LLC PORTFOLIO DEVELOPMENT SERVICES IS 100% OWNED BY THOMAS WALLACE, PRESIDENT 350467 PORTFOLIO DEVELOPMENT SERVICES, LLC (PDA), CONTRACTED WITH IDS TO PROVIDE SERVICES TO CDC'S IN NEW YORK AND MARYLAND. ALL REVENUE IS PASSED THROUGH FROM PDA TO IDS, AFTER AN ALLOWANCE FOR ADMINISTRATIVE COSTS. SBA HAS APPROVED THE ARRANGEMENTS AND RELATED CONTRACTS. 0 FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE BOARD OF DIRECTORS VOTE TO APPROVE NEW MEMBERS TO THE BOARD IN KEEPING WITH SBA REGULATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT AND APPROPRIATE STAFF WILL REVIEW AND APPROVE THE 990 PRIOR TO SUBMISSION AND PROVIDE ALL MEMBERS OF THE BOARD WITH THE OPPORTUNITY TO REVIEW THE DRAFT DOCUMENT AND THE PROPOSED CHANGES. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DERIVED FROM THE SBA'S SOP 50 10 6. SBA HAS RECENTLY MANDATED THAT ANY CONFLICT OF INTEREST POLICY SHOULD BE A STAND-ALONE DOCUMENT. THE CORPORATION IS COMPLYING WITH THIS NEW MANDATE. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE APPROVED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.