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EIN 62-1548236

Mid-Cumberland Area Development Corporation

IRS 501(c) type
501(c)(4)
Num. employees
0
City
Nashville
State
Tennessee
Year formed
1982
Most recent tax filings
2023-09-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Mid-Cumberland Area Development Corporation engages, encourages, assists, and promotes industrial and commercial development, small business development, and job creation in the Greater Nashville region in Tennessee. The corporation administers small business loans through the intermediary relending program and packages and services certain SBA loans as a certified development corporation.
Total revenues
$208,250
2023
Total expenses
$361,420
2023
Total assets
$1,670,290
2023
Num. employees
0
2023

Program areas at Mid-Cumberland Area Development Corporation

The corporation is responsible for administration of small business loans through the u. s. department of agriculture rural Development intermediary relending program (irp), capital loan program (clp) and for packaging and servicing certain small business administration (sba) loans as a certified Development company (cdc). The corporations's irp loan was repaid in full in february 2023, and the irp program is no longer lending.

Personnel at Mid-Cumberland Area Development Corporation

NameTitleCompensation
Bruce CarterDirector$0
Mark BeelerBoard President$0
Jerome TerrellSecretary and Treasurer$0
Scott BagwellVice President$0
Randall RobinsonDirector / Vice President$0
...and 1 more key personnel

Financials for Mid-Cumberland Area Development Corporation

RevenuesFYE 09/2023
Total grants, contributions, etc.$0
Program services$153,033
Investment income and dividends$55,217
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$208,250

Form 990s for Mid-Cumberland Area Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-092024-08-15990View PDF
2022-092023-08-14990View PDF
2021-092022-07-18990OView PDF
2020-092021-04-23990View PDF
2019-092020-09-25990View PDF
...and 9 more Form 990s
Data update history
September 21, 2024
Updated personnel
Identified 8 new personnel
October 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 27, 2023
Used new vendors
Identified 1 new vendor, including
February 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 11, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingManagement and technical assistanceNo full-time employees
General information
Address
44 Vantage Way Suite 450
Nashville, TN 37228
Metro area
Nashville-Davidson--Murfreesboro--Franklin, TN
County
Davidson County, TN
Website URL
madc.us/ 
Phone
(615) 862-8828
IRS details
EIN
62-1548236
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1982
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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