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BUSINESS DEVELOPMENT FINANCE CORPORATION

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Public IRS 990 nonprofit record

BUSINESS DEVELOPMENT FINANCE CORPORATION

EIN 31-1499733 · Religion-Related (X99Z)

What they do

to PROMOTE COMMUNITY DEVLOPMENT WITHIN COLUMBUS, OHIO and SURROUNDING AREAS; to PROVIDE SERVICES DESIGNED to FACILITATE THE FLOW of LENDING and INVESTMENT CAPITAL INTO DISTRESSED COMMUNITIES and to INDIVIDUALS WHO HAVE BEEN UNABLE to TAKE FULL ADVANTAGE of THE FINANCIAL SERVICE INDUSTRY; and to PROVIDE ACCESS to CREDIT and INVESTMENT CAPITAL AS AN ESSENTIAL INGREDIENT for CREATING and RETAINING JOBS, DEVELOPING AFFORDABLE HOUSING, REVITALIZING NEIGHBORHOODS, and UNLEASHING THE ECONOMIC POTENTIAL of SMALL BUSINESS.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2019The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

105,000.00%of revenue went to mission work100.0% of expenses · Program services
$14.21in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2019

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1
Mission workProgram services$1,050105,000.00% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$1,050105,000.00% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2019CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 105,000.00% of revenue
2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 935.02% of revenue
2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 4,931.86% of revenue
2016Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 1,310.60% of revenue
2015Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 806.16% of revenue

Money in and money out

Expenses$1,050

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,050 · 100.0% of expenses
See all reported dollar amounts
Expenses$1,050
Assets$14,920
Mission work (program services)$1,050
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (12)

ARIANA ULLOA-OLLAVIERTAASSISTANT VICE CHAIR

ERIC BELFRAGEDIRECTOR

ERIC PHILLIPSDIRECTOR

JACK BEELERSECRETARY

JACK GREENDIRECTOR

KEMPER ALLISONDIRECTOR

KIM KNIGHTSDIRECTOR

MARY ANN POTTERDIRECTOR

OWEN POHLCHAIR

ROSE ROMANVICE CHAIR

STEVE TUCKERDIRECTOR

TIM NORRISDIRECTOR

About this charity

Recognized since
January 1998
Location
5475 RINGS RD STE 110, DUBLIN, OH 43017-7009
County
Franklin
In care of
% COLUMBUS COUNTY WIDE DEV CORP
Primary officer
LAURA FRUM, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2019
Tax period began
October 1, 2019
Return type
990EZ
Tax preparer
REA & ASSOCIATES INC
NTEE classification
Religion-Related (X99Z)
IRS tax category
Other Grantmaking and Giving Services

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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