CSCharityScored
68

Business Development Corporation

Other · South Bend, Indiana

218 W Washington Street 10Th Fl, South Bend, IN 46601-1800

EIN: 351548607· Founded: Mar 1983· 43 years active· Filing Year: 2023

Annual Revenue

$888K

Total Expenses

$620K

Total Assets

$6.0M

Program Spending

115%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$299K

48.2% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$62K

Total Payroll

$362K

58% of total expenses

Where the Money Goes

100%
Programs: 100%
Payroll: 58%
Other overhead: -15%
Program Revenue$716K (81%)
Total Expenses$620K (70%)
Payroll$362K (58%)
Overhead (non-program)-15%

Trust Score Breakdown

Program Spending Ratio

115% of expenses go to programs

40%

Revenue & Stability

$888K annual revenue

15%

Executive Compensation

$299K total officer comp (48.2% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$6.0M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.