Program areas at Appalachian Development Corporation
Adc is a certified Development company authorized by the small business administration in the state of south carolina to facilitate sba 504 loans. The sba 504 loan offers long-term, fixed rate subordinate financing for acquisition and/or renovation of capital assets including land, buildings and equipment, as well as eligible soft costs such as architect, engineering, and environmental fees. Projects are financed in partnership with financial institutions who obtain a senior position on the project assets.
Adc participates in the u.s. department of agriculture ("usda") intermediary relending program ("irp").
Adc is a sub-recipient of grant funds awarded to the south carolina Appalachian council of governments (scacog) by the Appalachian regional commission (arc). Adc is responsible for the following two grants: the arc revolving loan fund and the arc entrepreneurial initiative revolving loan fund.
Personnel at Appalachian Development Corporation
| Name | Title | Compensation | Date of data |
|---|
| Richard Blackwell | Vice President of Development | $0 | 2023-04-13 |
| Connally Bradley | Executive Director | | 2023-04-13 |
| Autumn Hunter | Loan Operations Manager | | 2023-04-13 |
| Tavia Gaddy | Project Manager, Greenville Area Development Corporation | | 2023-04-13 |
| J Connally Bradley | Past Executive Director | $165,713 | 2023-03-23 |
| ...and 5 more key personnel |
Financials for Appalachian Development Corporation
| Revenues | FYE 09/2023 | FYE 09/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $774,645 | $683,302 | 13.4% |
| Investment income and dividends | $8,908 | $1,360 | 555% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $27,601 | -100% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $783,553 | $712,263 | 10% |
Organizations like Appalachian Development Corporation
| Organization | Type | Location | Revenue |
|---|
| Adams County Development Council | 501(c)(4) | Othello, WA | $334,069 |
| Oak Park Economic Development Corporation | 501(c)(4) | Oak Park, IL | $558,987 |
| Whitley County Economic Development Corporation | 501(c)(4) | Columbia City, IN | $438,133 |
| Perry County Economic Development Authority | 501(c)(4) | Perryville, MO | $494,165 |
| Economic Development Corp of Decatur-Macon County | 501(c)(4) | Decatur, IL | $526,516 |
| Bristol County Edc | 501(c)(4) | Fall River, MA | $1,157,861 |
| Siskiyou Co Economic Development Council | 501(c)(4) | Yreka, CA | $2,426,196 |
| Harvey County Economic Development Council | 501(c)(4) | Newton, KS | $334,623 |
| Cowlitz Economic Development Council | 501(c)(4) | Longview, WA | $386,265 |
| Juneau Economic Development Council | 501(c)(4) | Juneau, AK | $2,123,107 |
Data update history
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 13, 2023
Posted financials
Added Form 990 for fiscal year 2021
April 13, 2023
Updated personnel
Identified 1 new personnel
July 13, 2022
Updated personnel
Identified 4 new personnel
July 8, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Human servicesCommunity improvementHousingEconomic development
Characteristics
State / local levelReceives government funding
General information
- Address
- 880 S Pleasantburg Dr Ste 3-e
- Greenville, SC 29607
- Metro area
- Greenville-Anderson, SC
- County
- Greenville County, SC
- Website URL
- adcloans.com/Â
- Phone
- (864) 382-2350
IRS details
- EIN
- 57-0735286
- Fiscal year end
- September
- Taxreturn type
- Form 990
- Year formed
- 1982
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- S30: Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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