2024-07-17T14:24:35-04:00 2023-09-30 522212837 GREENE FINNEY CAULEY LLP 908 N MAIN ST ANDERSON SC 29621 990 2022-10-01 570735286 APPALACHIAN DEVELOPMENT CORPORATION APPA 8643822350 880 SOUTH PLEASANTBURG DR STE 3-E GREENVILLE SC 29607 J CONNALLY BRADLEY EXECUTIVE DIRECTOR 8643822350 2024-07-17 true J CONNALLY BRADLEY 999009999 false CHRISTOPHER S CAULEY P00534004 8642258713 2024-07-17 2022 2023-04-26 12:10:37Z J CONNALLY BRADLEY 880 SOUTH PLEASANTBURG DR STE 3-E GREENVILLE SC 29607 783553 false X WWW.ADCLOANS.COM X 1982 SC APPALACHIAN DEVELOPMENT CORPORATION ("ADC") IS A NONPROFIT ORGANIZATION FORMED TO FURTHER THE ECONOMIC DEVELOPMENT OF SOUTH CAROLINA BY OFFERING FINANCING TO QUALIFIED SMALL BUSINESSES. 12 12 6 0 0 683302 774645 28961 8908 0 712263 783553 0 0 464218 490021 0 0 233142 208320 697360 698341 14903 85212 8430332 8353251 2373270 2186889 6057062 6166362 ADC IS A NONPROFIT ORGANIZATION FORMED TO FURTHER THE ECONOMIC DEVELOPMENT OF SOUTH CAROLINA BY PROVIDING MULTIPLE FINANCING OPTIONS TO QUALIFIED SMALL BUSINESSES. false false 247768 461706 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. 226409 248139 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. 68790 64800 ADC PARTICIPATES IN THE U.S. DEPARTMENT OF AGRICULTURE ("USDA") INTERMEDIARY RELENDING PROGRAM ("IRP"). 542967 false false false false false false false false false true false true false false false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false true 7 0 true 6 true false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true false false X J CONNALLY BRADLEY 8643822350 880 SOUTH PLEASANTBURG DR STE 3-E GREENVILLE SC 29607 J CONNALLY BRADLEY EXECUTIVE DI 40.00 X 170188 0 28095 TOM BRITT PRESIDENT 0.20 X X 0 0 0 RALPH GUARINO VICE PRESIDE 0.20 X X 0 0 0 GRANT NICHOLSON SECRETARY/TR 0.20 X X 0 0 0 RICHARD BLACKWELL DIRECTOR 0.20 X 0 0 0 BEN CALHOUN DIRECTOR 0.20 X 0 0 0 JIM COOK DIRECTOR 0.20 X 0 0 0 SCOTT DUNN DIRECTOR 0.20 X 0 0 0 TAVIA GADDY DIRECTOR 0.20 X 0 0 0 KIM MODE DIRECTOR 0.20 X 0 0 0 STEVE PELISSIER COG APPOINTE 0.20 X 0 0 0 JORDAN PORTILLO DIRECTOR 0.20 X 0 0 0 DALE SEAY DIRECTOR 0.20 X 0 0 0 170188 28095 1 false true false LOAN SERVICING FEES 525990 310367 310367 INTEREST ON LOAN REPAYMENTS 525990 298037 298037 LOAN ORIGINATION FEES 525990 165793 165793 448 448 774645 8908 8908 783553 774645 8908 213248 117286 95962 225297 201768 23529 3330 3330 18236 18236 29910 22149 7761 2400 2400 29308 21493 7815 9254 7588 1666 14293 11735 2558 29769 28313 1456 34226 28065 6161 5064 3185 1879 24000 24564 -564 9239 7576 1663 16154 13246 2908 LOAN SERVICING FEES 22328 22353 -25 MEMBERSHIPS 7502 6151 1351 COLLECTION EXPENSE 2789 2789 1994 740 1254 698341 542967 155374 0 2263716 2664969 17457 19135 69055 55005 23289 14050 5550568 5343327 575302 311770 8430332 8353251 116607 75754 2256663 2111135 2373270 2186889 X 593230 666540 5463832 5499822 6057062 6166362 8430332 8353251 X 85212 24088 X false true X true true true 69055 55005 14050 14050 NOTES RECEIVABLE, NET 5343327 F 5343327 783553 783553 783553 674253 -24088 -24088 698341 698341 SCHEDULE D, PAGE 4, PART XII, LINE 2D BAD DEBT RECOVERY, NET -24,088 X X X false false false false false false false false false J CONNALLY BRADLEY EXECUTIVE DIRECTOR 154638 15550 10366 17729 198283 FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT REVIEWS THE FORM 990 WITH THE BOARD PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD OF DIRECTORS ENFORCES THE CONFLICT OF INTEREST POLICY THROUGH ANNUAL REVIEWS. DIRECTORS ARE REQUIRED TO ABSTAIN FROM VOTING ON ANY MATTER IN WHICH THEY HAVE A CONFLICT. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF THE EXECUTIVE DIRECTOR BY USING A NADCO COMPENSATION SURVEY DURING THE COMPENSATION PROCESS. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 BAD DEBT RECOVERY, NET 24,088