Nonprofit · EIN 65-0592148
INDEPENDENT DEVELOPMENT SERVICES CORPORATION
Tax-exempt · FORT MYERS, FL 33919
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,772,039 | $1,753,872 | $18,167 | $355,984 | $304,589 | $51,395 |
| September 30, 2024 | 990 | $1,582,941 | $1,625,078 | -$42,137 | $363,862 | $330,634 | $33,228 |
| September 30, 2023 | 990 | $1,700,032 | $1,595,957 | $104,075 | $402,264 | $326,899 | $75,365 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,763,566
- Investment income
- $0
- Other revenue
- $8,473
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $567,457
- Other salaries and wages
- $428,857
- Salaries, compensation and benefits (total)
- $1,436,230
- Professional fundraising fees
- $0
- Legal fees
- $5,982
- Accounting fees
- $21,680
- Occupancy
- $55,906
- Travel
- $70,466
- Depreciation
- $1,201
- Program services (functional)
- $1,598,836
- Management and general (functional)
- $155,036
Balance sheet and other
- Total assets, start of year
- $363,862
- Total assets, end of year
- $355,984
- Total liabilities, end of year
- $304,589
- Net assets, end of year
- $51,395
- Land, buildings and equipment
- $379
- Net assets without donor restrictions
- $51,395
- Gross receipts
- $1,772,039
- Employees
- 11
- Volunteers
- 10
- Year formed
- 1995
- State of legal domicile
- FL
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 |
|---|---|---|---|---|
| THOMAS WALLACE | PRESIDENT / ASST. SECRETAR Trustee or director, Officer | 60 | $193,931 | $42,940 |
| MARGARET GUZINSKI | SENIOR VICE PRESIDENT Highest-paid employee | 60 | $141,883 | $18,920 |
| ERIC MILLER | VICE PRESIDENT Highest-paid employee | 60 | $126,571 | $19,134 |
| WILLIAM RIDGEWAY | VP & SENIOR UNDERWRITER Highest-paid employee | 60 | $105,072 | $0 |
| HAKIM KASSAM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHERYL ADMIRE-BERGAU | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MIKE KOZAK | ASSISTANT SECRETARY Trustee or director | 2 | $0 | $0 |
| MARK LIZZI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HALEY CASSELMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LESTER CLARK | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| SUZANNE SPECHT | SECRETARY / TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DAN BOCKHORST | DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| AL WILLIAMS | ASSISTANT SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL GREENHOE | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended September 30, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS WALLACE | PRESIDENT / ASST. SECRETAR Trustee or director, Officer | 60 | $144,029 |
| MARGARET GUZINSKI | SENIOR VICE PRESIDENT Highest-paid employee | 60 | $131,685 |
| WILLIAM RIDGEWAY | VP & SENIOR UNDERWRITER Highest-paid employee | 60 | $102,592 |
| ERIC MILLER | VICE PRESIDENT Highest-paid employee | 60 | $100,353 |
| HAKIM KASSAM | DIRECTOR Trustee or director | 2 | $0 |
| CHERYL ADMIRE-BERGAU | DIRECTOR Trustee or director | 2 | $0 |
| MIKE KOZAK | ASSISTANT SECRETARY Trustee or director | 2 | $0 |
| MARK LIZZI | DIRECTOR Trustee or director | 2 | $0 |
| HALEY CASSELMAN | DIRECTOR Trustee or director | 2 | $0 |
| LESTER CLARK | CHAIR Trustee or director, Officer | 2 | $0 |
| SUZANNE SPECHT | SECRETARY / TREASURER Trustee or director, Officer | 2 | $0 |
| DAN BOCKHORST | DIRECTOR Trustee or director, Officer | 2 | $0 |
| AL WILLIAMS | ASSISTANT SECRETARY Trustee or director, Officer | 2 | $0 |
| MICHAEL GREENHOE | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended September 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Thomas Wallace | President / Asst. Secretar Trustee or director, Officer | 60 | $144,024 |
| Margaret Guzinski | Senior Vice President Highest-paid employee | 60 | $130,224 |
| Eric Miller | Vice President Highest-paid employee | 60 | $113,912 |
| William Ridgeway | VP & Senior Underwriter Highest-paid employee | 60 | $104,527 |
| Hakim Kassam | Director Trustee or director | 2 | $0 |
| Wayne Daltry | Director Trustee or director | 2 | $0 |
| Mike Kozak | Assistant Secretary Trustee or director | 2 | $0 |
| Mark Lizzi | Director Trustee or director | 2 | $0 |
| Haley Casselman | Director Trustee or director | 2 | $0 |
| Lester Clark | Chair Trustee or director, Officer | 3 | $0 |
| Suzanne Specht | Secretary / Treasurer Trustee or director, Officer | 3 | $0 |
| Dan Bockhorst | Director Trustee or director, Officer | 3 | $0 |
| Al Williams | Assistant Secretary Trustee or director, Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 8280 COLLEGE PKWY STE 204, FORT MYERS, FL 33919-4113
- In care of
- % TOM WALLACE
- Principal officer (990 for 2024)
- THOMAS WALLACE, 8280 COLLEGE PARKWAY SUITE 204, FORT MYERS, FL 33919
- Signed the 990
- THOMAS WALLACE, PRESIDENT
- Phone
- (239) 652-5588
- Website
- WWW.IDSCORP.ORG
- Return prepared by
- PHILLIPS FELDMAN GROUP
Mission
OUR MISSION IS JOB CREATION AND RETENTION THROUGH SBA LENDING.
Program accomplishments
- 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.Expenses $1,598,836 · revenue $1,772,039
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 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 65-0592148
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1995
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $355,984
- Income (IRS master file)
- $1,772,039
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,772,039 | $1,753,872 | $355,984 | XML |
| 990 | September 2024 | $1,582,941 | $1,625,078 | $363,862 | XML |
| 990 | September 2023 | $1,700,032 | $1,595,957 | $402,264 | XML |
| 990 | September 2022 | $1,612,655 | $1,777,142 | $394,969 | 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 65-0592148).
Questions about INDEPENDENT DEVELOPMENT SERVICES CORPORATION
- What is the EIN of INDEPENDENT DEVELOPMENT SERVICES CORPORATION?
- The employer identification number (EIN) of INDEPENDENT DEVELOPMENT SERVICES CORPORATION is 65-0592148.
- Is INDEPENDENT DEVELOPMENT SERVICES CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1995.
- Are donations to INDEPENDENT DEVELOPMENT SERVICES CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INDEPENDENT DEVELOPMENT SERVICES 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 INDEPENDENT DEVELOPMENT SERVICES CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDEPENDENT DEVELOPMENT SERVICES 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 INDEPENDENT DEVELOPMENT SERVICES CORPORATION?
- The 990 for the year ended September 30, 2025 names THOMAS WALLACE.
- Who are the officers and directors of INDEPENDENT DEVELOPMENT SERVICES CORPORATION?
- The 990 for the year ended September 30, 2025 lists 14 people; 4 received compensation from the organization, the highest $193,931 (THOMAS WALLACE, PRESIDENT / ASST. SECRETAR).
- How much revenue does INDEPENDENT DEVELOPMENT SERVICES CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,772,039, expenses of $1,753,872 and total assets of $355,984 at year end.
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