Nonprofit · EIN 35-1939664
REGIONAL DEVELOPMENT COMPANY
Tax-exempt · VALPARAISO, IN 46385
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,169,428 | $1,169,111 | $317 | $856,633 | $239,540 | $617,093 |
| September 30, 2024 | 990 | $1,050,086 | $1,023,938 | $26,148 | $884,701 | $267,931 | $616,770 |
| September 30, 2023 | 990 | $953,170 | $999,702 | -$46,532 | $862,160 | $271,538 | $590,622 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,062,261
- Investment income
- $6,600
- Net rental income
- $94,868
- Other revenue
- $100,567
Expenses
- Grants and similar amounts paid
- $29,810
- Compensation of officers, directors and key employees
- $590,922
- Other salaries and wages
- $163,990
- Salaries, compensation and benefits (total)
- $863,299
- Professional fundraising fees
- $0
- Legal fees
- $4,454
- Accounting fees
- $34,318
- Occupancy
- $48,285
- Travel
- $14,684
- Depreciation
- $30,688
- Program services (functional)
- $1,027,873
- Management and general (functional)
- $141,238
Balance sheet and other
- Total assets, start of year
- $884,701
- Total assets, end of year
- $856,633
- Total liabilities, end of year
- $239,540
- Net assets, end of year
- $617,093
- Land, buildings and equipment
- $404,042
- Publicly traded securities
- $150,000
- Gross unrelated business income
- $94,868
- Gross receipts
- $1,169,428
- Employees
- 6
- Volunteers
- 34
- Year formed
- 1994
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERICA DOMBEY | EXECUTIVE DIRECTOR Officer | 40 | $175,530 | $28,585 |
| LISA NORMAN | CREDIT OFFICER Highest-paid employee | 40 | $106,557 | $44,044 |
| NICCOLE ZELL | CHIEF LENDING OFFICER Officer | 40 | $125,235 | $19,043 |
| TOM WILK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REX RICHARDS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KEVEN JENNINGS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM HASSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL SCHNEIDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN NICKSIC | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HEATHER JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTHONY PEUQUET | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MATTHEW SALTANOVITZ | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NICK LARSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTHONY NOVAK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATTHEW VESSELY | DIRECTOR Trustee or director | 1 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY BRACCO | DIRECTOR Trustee or director | 1 | $0 |
| STEVEN KRING | CHAIR Trustee or director, Officer | 1 | $0 |
| MICHAEL RIEHLE JR | TREASURER Trustee or director, Officer | 1 | $0 |
| MEGAN APPLEGATE | DIRECTOR Trustee or director | 1 | $0 |
| ERIC EVANS | DIRECTOR Trustee or director | 1 | $0 |
| MONICA JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| RENE MARTIN | DIRECTOR Trustee or director | 1 | $0 |
| LORI TUBBS | DIRECTOR Trustee or director | 1 | $0 |
| MARK OGANOVICH | DIRECTOR Trustee or director | 1 | $0 |
| ANTHONY SINDONE | DIRECTOR Trustee or director | 1 | $0 |
| ANNE TAYLOR | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERICA DOMBEY | EXECUTIVE DIRECTOR Officer | 40 | $162,774 | $26,045 |
| NICCOLE ZELL | EMPLOYEE Highest-paid employee | 40 | $116,722 | $19,043 |
| TOM WILK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REX RICHARDS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SCOTT CASBON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVEN JENNINGS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN MATTHIESEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM HASSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL SCHNEIDER | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| STEVEN NICKSIC | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF BENNETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HEATHER JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTHONY PEUQUET | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATTHEW SALTANOVITZ | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| REGGIE GREENWOOD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICK LARSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTHONY NOVAK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATTHEW VESSELY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREGORY BRACCO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN KRING | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL RIEHLE JR | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| AFRICA TARVER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MEGAN APPLEGATE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC EVANS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONICA JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RENE MARTIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORI TUBBS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK OGANOVICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTHONY SINDONE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNE TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERICA DOMBEY | EXECUTIVE DIRECTOR Officer | 40 | $167,313 | $25,579 |
| NICCOLE ZELL | EMPLOYEE Highest-paid employee | 40 | $113,333 | $18,206 |
| TOM WILK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REX RICHARDS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SCOTT CASBON | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| KEVEN JENNINGS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN MATTHIESEN | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM HASSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL SCHNEIDER | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| STEVEN NICKSIC | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF BENNETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HEATHER JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTHONY PEUQUET | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATTHEW SALTANOVITZ | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| REGGIE GREENWOOD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICK LARSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTHONY NOVAK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATTHEW VESSELY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREGORY BRACCO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN KRING | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| MICHAEL RIEHLE JR | TREASURER Trustee or director | 1 | $0 | $0 |
| AFRICA TARVER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MEGAN APPLEGATE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC EVANS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONICA JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RENE MARTIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORI TUBBS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1757 THORNAPPLE CIR, VALPARAISO, IN 46385-6164
- In care of
- % ERICA PASSAUER
- Principal officer (990 for 2024)
- ERICA DOMBEY, 1757 THORNAPPLE CIRCLE, VALPARAISO, IN 46385
- Signed the 990
- ERICA DOMBEY, EXECUTIVE DIRECTOR
- Phone
- (219) 476-0504
- Website
- WWW.RDC504.ORG
- Return prepared by
- SWARTZ RETSON & CO PC
Mission
TO HELP SMALL BUSINESSES BECOME AWARE OF SBA 504 LOAN FINANCING.
Program accomplishments
- FINANCING WAS PROVIDED TO 25 APPLICANTS DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2025.Expenses $1,027,873 · grants $29,810 · revenue $1,067,960
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 35-1939664
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1995
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $856,633
- Income (IRS master file)
- $1,169,428
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,169,428 | $1,169,111 | $856,633 | IRS |
| 990 | September 2024 | $1,050,086 | $1,023,938 | $884,701 | XML |
| 990 | September 2023 | $953,170 | $999,702 | $862,160 | XML |
| 990 | September 2022 | $931,106 | $975,831 | $1,015,697 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-1939664).
Questions about REGIONAL DEVELOPMENT COMPANY
- What is the EIN of REGIONAL DEVELOPMENT COMPANY?
- The employer identification number (EIN) of REGIONAL DEVELOPMENT COMPANY is 35-1939664.
- Is REGIONAL DEVELOPMENT COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1995.
- Are donations to REGIONAL DEVELOPMENT COMPANY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does REGIONAL DEVELOPMENT COMPANY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of REGIONAL DEVELOPMENT COMPANY due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did REGIONAL DEVELOPMENT COMPANY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of REGIONAL DEVELOPMENT COMPANY?
- The 990 for the year ended September 30, 2025 names ERICA DOMBEY.
- Who are the officers and directors of REGIONAL DEVELOPMENT COMPANY?
- The 990 for the year ended September 30, 2025 lists 26 people; 3 received compensation from the organization, the highest $175,530 (ERICA DOMBEY, EXECUTIVE DIRECTOR).
- How much revenue does REGIONAL DEVELOPMENT COMPANY have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,169,428, expenses of $1,169,111 and total assets of $856,633 at year end.
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