National Association of Development Companies (NADCO)
Legal name: Development Company Funding Corporation
Nonprofit profile at a glance
- EIN
- 521484169
- IRS 990-EZ coverage
- 2014–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2010, Form 990-EZ 2024
- Location
- Bethesda, MD, United States
- Phone
- 202.349.0070
- Rating
- 33
- Verdict
- REVIEW
- Rating confidence
- Moderate
Reported finances
- Revenue
- $35
- Expenses
- $0
- Assets
- $36,019
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Rhonda Pointon (President & CEO)
People named in this filing
- Bill Habermeyer (Chair of the Regulatory Co)
- Hilda Kennedy (Chair of the Governance Co)
- Matt Davis (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The National Association of Development Companies (NADCO) is the trade association of SBA Certified Development Companies (CDCs) and other lenders delivering SBA loans and financing for small businesses. | Through its board of directors and Washington-based staff, NADCO works closely with the Small Business Administration to ensure the broadest possible access to capital by America's small business. More than 97% of all SBA 504 financing is provided by NADCO members. In addition to Certified Development Companies, membership also includes over 240 bank and non-bank lenders, attorneys, and other service providers. Thanks to NADCO's support, the SBA 504 program's loan authority has grown from under $400 million in 1991 to $5.5 billion in FY 2012. In 2013, the industry delivered $5.1 billion in small business loans to nearly 7,600 small businesses. Overall, the industry is responsible...
What it reported doing in 2024
Through its LLC, the corporation focuses on economic development and job creation by supporting the monthly funding of the SBA 504 loans to small businesses. The certificates are guaranteed by the U.S. Small Business Administration and are sold to investors through two underwriters. These small business loans provide funding to enable the receiving firms to expand, to create new jobs, or to meet any of several public policy objectives established by Congress.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 8
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: -30% per year; rating input score 0; 13th percentile among comparable filings
- Revenue growth: -41.6% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: -21.8% per year; rating input score 0; 9th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 0% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 1 filed schedules
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.