2026-03-25T08:40:09-04:00 2025-09-30 522212837 GREENE FINNEY CAULEY LLP 908 N MAIN ST ANDERSON SC 29621 990 2024-10-01 570735286 APPALACHIAN DEVELOPMENT CORPORATION APPA 8643822350 1318B HAYWOOD RD GREENVILLE SC 29615 J CONNALLY BRADLEY EXECUTIVE DIRECTOR 8643822350 2026-03-23 true true CHRISTOPHER S CAULEY P00534004 8642258713 2026-03-23 2024 2025-03-06 01:10:19Z X J CONNALLY BRADLEY 1318B HAYWOOD RD GREENVILLE SC 29615 905097 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 4 12 0 0 818910 884386 24356 20711 0 843266 905097 0 0 507447 624059 0 0 203063 222332 710510 846391 132756 58706 8393347 8350949 2073164 1957288 6320183 6393661 X 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 337159 578684 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. 246283 257534 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. 53431 27483 ADC PARTICIPATES IN THE U.S. DEPARTMENT OF AGRICULTURE ("USDA") INTERMEDIARY RELENDING PROGRAM ("IRP"). 18582 20685 ADC IS A SUB-RECIPIENT OF A GRANT AWARDED TO THE SOUTH CAROLINA APPALACHIAN COUNCIL OF GOVERNMENTS (SCACOG) BY THE SOUTH CAROLINA BUDGET AND CONTROL BOARD THROUGH THE FEDERAL MATCH PROGRAM. ADC IS RESPONSIBLE FOR ONE GRANT: THE STATE OF SOUTH CAROLINA REVOLVING LOAN FUND. 18582 20685 655455 false false false false false false false false false true false true false true 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 6 0 true 4 true false false false false false false false false X 12 12 false false false false false false false true true false false false true true true true true true false false SC X J CONNALLY BRADLEY 8643822350 1318B HAYWOOD RD GREENVILLE SC 29615 J CONNALLY BRADLEY EXECUTIVE DI 40.00 X 193103 0 36764 KIM MODE 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 KELLY PARNELL DIRECTOR FRO 0.20 X 0 0 0 STEVE PELISSIER COG APPOINTE 0.20 X 0 0 0 STUART PLYLER DIRECTOR 0.20 X 0 0 0 JORDAN PORTILLO DIRECTOR 0.20 X 0 0 0 193103 36764 1 false true false LOAN SERVICING FEES 525990 373287 373287 INTEREST ON LOAN REPAYMENTS 525990 289610 289610 LOAN ORIGINATION FEES 525990 221389 221389 OTHER LOAN FEES 525990 100 100 884386 20711 20711 905097 884386 20711 230894 126992 103902 294129 270063 24066 11402 10881 521 50779 40885 9894 36855 28368 8487 38676 29859 8817 7746 5664 2082 18360 15323 3037 49314 39084 10230 38535 31599 6936 19119 11765 7354 18020 18020 3909 3205 704 16684 13680 3004 MEMBERSHIPS 4635 3124 1511 COLLECTION EXPENSE 4453 4453 LOAN SERVICING FEES 1908 1908 973 582 391 846391 655455 190936 0 1423903 1187632 1828646 1644062 20721 27394 66343 64833 5419 1510 5114658 5365351 125000 8393347 8350949 103621 131680 1963960 1815312 5583 10296 2073164 1957288 X 751848 375190 5568335 6018471 6320183 6393661 8393347 8350949 X 58706 14772 X false true X true true true 38821 38821 27522 26012 1510 1510 NOTES RECEIVABLE, NET 5365351 F 5365351 THIRD PARTY LENDERS 10296 10296 925097 20000 20000 905097 905097 851619 5228 5228 846391 846391 SCHEDULE D, PAGE 4, PART XI, LINE 2D BAD DEBT RECOVERY 20,000 SCHEDULE D, PAGE 4, PART XII, LINE 2D BAD DEBT RECOVERY 5,228 X X X false false false false false false false false false J CONNALLY BRADLEY EXECUTIVE DIRECTOR 175183 17920 10750 26014 229867 FORM 990, PAGE 2, PART III, LINE 4D ADC IS A SUB-RECIPIENT OF A GRANT AWARDED TO THE SOUTH CAROLINA APPALACHIAN COUNCIL OF GOVERNMENTS (SCACOG) BY THE SOUTH CAROLINA BUDGET AND CONTROL BOARD THROUGH THE FEDERAL MATCH PROGRAM. ADC IS RESPONSIBLE FOR ONE GRANT: THE STATE OF SOUTH CAROLINA REVOLVING LOAN FUND. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT PRIOR TO FILING. A COPY IS MADE AVAILABLE TO THE BOARD BUT THIS MAY OCCUR AFTER 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 14,772