Nonprofit · EIN 38-2391435
OAKLAND COUNTY BUSINESS FINANCE CORPORATION
Tax-exempt · WATERFORD, MI 48328
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $565,666 | $556,387 | $9,279 | $1,215,410 | $20,027 | $1,195,383 |
| September 30, 2024 | 990 | $532,937 | $531,532 | $1,405 | $1,209,231 | $23,127 | $1,186,104 |
| September 30, 2023 | 990 | $632,276 | $535,120 | $97,156 | $1,194,699 | $10,000 | $1,184,699 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $519,027
- Investment income
- $46,639
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $19,645
- Accounting fees
- $14,200
- Travel
- $199
- Program services (functional)
- $510,629
- Management and general (functional)
- $45,758
Balance sheet and other
- Total assets, start of year
- $1,209,231
- Total assets, end of year
- $1,215,410
- Total liabilities, end of year
- $20,027
- Net assets, end of year
- $1,195,383
- Net assets without donor restrictions
- $1,195,383
- Gross receipts
- $565,666
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1981
- State of legal domicile
- MI
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 |
|---|---|---|---|
| DAVID P ELLIS | CHAIRPERSON Trustee or director, Officer | 0.2 | $0 |
| ANGIE WILLIAMS | PRESIDENT Trustee or director, Officer | 0.3 | $0 |
| DAVID H SHINDEL | VICE-PRESIDENT Trustee or director, Officer | 0.2 | $0 |
| CATHERINE RASEGAN | SECRETARY (NON-VOTING) Trustee or director, Officer | 0.3 | $0 |
| ROBERT WITTENBERG | TREASURER (NON-VOTING) Trustee or director, Officer | 0.1 | $0 |
| STEVE BALL | TRUSTEE Trustee or director | 0.2 | $0 |
| DAVID WYNN | TRUSTEE Trustee or director | 0.1 | $0 |
| LYNDA REILLY | TRUSTEE Trustee or director | 0.1 | $0 |
| BARRY LEVINE | TRUSTEE Trustee or director | 0.3 | $0 |
| KRIS PAWLOWSKI | TRUSTEE Trustee or director | 0.2 | $0 |
| WAYNE CHAN | TRUSTEE Trustee or director | 0.1 | $0 |
| NICHOLE SMITH | TRUSTEE Trustee or director | 0.3 | $0 |
| ELIZABETH MASSERANG | TRUSTEE Trustee or director | 0.1 | $0 |
990 for the year ended September 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID P ELLIS | CHAIRPERSON Trustee or director, Officer | 0.2 | $0 |
| ANGIE WILLIAMS | PRESIDENT Trustee or director, Officer | 0.2 | $0 |
| DAVID H SHINDEL | VICE-PRESIDENT Trustee or director, Officer | 0.2 | $0 |
| CATHERINE RASEGAN | SECRETARY (NON-VOTING) Trustee or director, Officer | 0.2 | $0 |
| ROBERT WITTENBERG | TREASURER (NON-VOTING) Trustee or director, Officer | 0.1 | $0 |
| STEVE BALL | TRUSTEE Trustee or director | 0.2 | $0 |
| DAVID WYNN | TRUSTEE Trustee or director | 0.1 | $0 |
| KATHERINE BROWN | TRUSTEE Trustee or director | 0.1 | $0 |
| BARRY LEVINE | TRUSTEE Trustee or director | 0.2 | $0 |
| KRIS PAWLOWSKI | TRUSTEE Trustee or director | 0.2 | $0 |
| WAYNE CHAN | TRUSTEE Trustee or director | 0.1 | $0 |
| NICHOLE SMITH | TRUSTEE Trustee or director | 0.1 | $0 |
| ELIZABETH MASSERANG | TRUSTEE Trustee or director | 0.1 | $0 |
990 for the year ended September 30, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE BALL | CHAIRPERSON Trustee or director, Officer | 0.4 | $0 |
| DAVID P ELLIS | PRESIDENT Trustee or director, Officer | 0.4 | $0 |
| JOANN VAN TASSEL | VICE PRESIDENT Trustee or director, Officer | 0.2 | $0 |
| CATHERINE RASEGAN | SECRETARY (NON-VOTING) Trustee or director, Officer | 0.4 | $0 |
| ROBERT WITTENBERG | TREASURER (NON-VOTING) Trustee or director, Officer | 0.2 | $0 |
| DAVID WYNN | TRUSTEE Trustee or director | 0 | $0 |
| KATHERINE BROWN | TRUSTEE Trustee or director | 0.2 | $0 |
| BARRY LEVINE | TRUSTEE Trustee or director | 0.3 | $0 |
| KRIS PAWLOWSKI | TRUSTEE Trustee or director | 0.2 | $0 |
| DAVID H SHINDEL | TRUSTEE Trustee or director | 0.4 | $0 |
| WAYNE CHAN | TRUSTEE Trustee or director | 0.2 | $0 |
| JIM SIMONE | TRUSTEE Trustee or director | 0.4 | $0 |
| NICHOLE SMITH | TRUSTEE Trustee or director | 0.2 | $0 |
| ANGIE WILLIAMS | TRUSTEE Trustee or director | 0.3 | $0 |
| ELIZABETH MASSERANG | TRUSTEE Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2100 PONTIAC LAKE ROAD, WATERFORD, MI 48328-2762
- Principal officer (990 for 2024)
- CATHERINE RASEGAN, 2100 PONTIAC LAKE ROAD, WATERFORD, MI 48328
- Signed the 990
- CATHERINE RASEGAN, SECRETARY
- Phone
- (248) 858-5101
- Website
- WWW.OAKGOV.COM
- Return prepared by
- CBIZ ADVISORS LLC
Mission
PROMOTE THE GENERAL WEALTH, WELFARE, AND PROSPERITY OF THE PEOPLE RESIDING OR OPERATING BUSINESSES WITHIN OUR AREA OF OPERATIONS, PROMOTE ECONOMIC DEVELOPMENT AND GROWTH OF THE SMALL BUSINESS COMMUNITY, PROMOTE AND INCREASE PRIVATE SECTOR EMPLOYMENT OPPORTUNITIES FOR THE PEOPLE OF OUR AREA OF OPERATIONS. THE MISSION WAS ADOPTED BY THE BOARD ON APRIL 7, 2009.
Program accomplishments
- LOAN ANALYSIS AND ADMINISTRATION EXPENSES ASSOCIATED WITH ASSISTING BUSINESSES IN OBTAINING FINANCING FOR CAPITAL ACQUISITIONS AND IMPROVEMENTS. CURRENTLY, 155 COMPANIES ARE BEING SERVED BY THE ORGANIZATION.Expenses $510,629 · revenue $519,027
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
- 38-2391435
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1982
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,215,410
- Income (IRS master file)
- $565,666
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $565,666 | $556,387 | $1,215,410 | XML |
| 990 | September 2024 | $532,937 | $531,532 | $1,209,231 | IRS |
| 990 | September 2023 | $632,276 | $535,120 | $1,194,699 | XML |
| 990 | September 2022 | $565,445 | $497,342 | $1,101,011 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | 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 38-2391435).
Questions about OAKLAND COUNTY BUSINESS FINANCE CORPORATION
- What is the EIN of OAKLAND COUNTY BUSINESS FINANCE CORPORATION?
- The employer identification number (EIN) of OAKLAND COUNTY BUSINESS FINANCE CORPORATION is 38-2391435.
- Is OAKLAND COUNTY BUSINESS FINANCE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1982.
- Are donations to OAKLAND COUNTY BUSINESS FINANCE CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does OAKLAND COUNTY BUSINESS FINANCE CORPORATION 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 OAKLAND COUNTY BUSINESS FINANCE CORPORATION 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 OAKLAND COUNTY BUSINESS FINANCE CORPORATION 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 OAKLAND COUNTY BUSINESS FINANCE CORPORATION?
- The 990 for the year ended September 30, 2025 names CATHERINE RASEGAN.
- Who are the officers and directors of OAKLAND COUNTY BUSINESS FINANCE CORPORATION?
- The 990 for the year ended September 30, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does OAKLAND COUNTY BUSINESS FINANCE CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $565,666, expenses of $556,387 and total assets of $1,215,410 at year end.
Other nonprofits in WATERFORD
- CANTERBURY HEALTH CARE INC EIN 38-2971898 · last filed 990 for 2024
- PROGRESSIVE LIFESTYLES INC EIN 38-2455152 · last filed 990 for 2025
- COMMUNITY PROGRAMS INC EIN 38-2233166 · last filed 990 for 2025
- LOURDES INC EIN 38-1789460 · last filed 990 for 2025
- LOURDES ASSISTED LIVING CORPORATION EIN 38-3431154 · last filed 990 for 2025
- AMERICAN MONTESSORI CENTER INC EIN 38-1904939 · last filed 990 for 2026
- DISASTER RELIEF AT WORK INC EIN 45-4900831 · last filed 990 for 2025
- NEW GATEWAYS EIN 35-2245430 · last filed 990 for 2025