Nonprofit · EIN 54-1681272
SOUTHWEST DEVELOPMENT FINANCING INC
Tax-exempt · ABINGDON, VA 24212
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $72,176 | $28,218 | $43,958 | $2,078,128 | $2,365 | $2,075,763 |
| June 30, 2024 | 990 | $47,569 | $18,941 | $28,628 | $2,047,774 | $15,969 | $2,031,805 |
| June 30, 2023 | 990 | $57,550 | $23,605 | $33,945 | $2,015,363 | $12,186 | $2,003,177 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $48,776
- Other revenue
- $23,400
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $204
- Accounting fees
- $7,500
- Program services (functional)
- $28,218
Balance sheet and other
- Total assets, start of year
- $2,047,774
- Total assets, end of year
- $2,078,128
- Total liabilities, end of year
- $2,365
- Net assets, end of year
- $2,075,763
- Net assets with donor restrictions
- $2,075,763
- Gross receipts
- $72,176
- Employees
- 0
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHAWN UTT | CHAIR Trustee or director, Officer | – | $0 |
| LEON MOORE | VICE-CHAIR Trustee or director, Officer | – | $0 |
| RITA SURRATT | TREASURER Trustee or director, Officer | – | $0 |
| CORA GNEGY | SECRETARY Trustee or director, Officer | – | $0 |
| STEPHANIE CLARK | MEMBER Trustee or director | – | $0 |
| DAN COLLINS | MEMBER Trustee or director | – | $0 |
| CARL MULLINS | MEMBER Trustee or director | – | $0 |
| RICHARD JOHNSON | MEMBER Trustee or director | – | $0 |
| CAROL CARUSO | MEMBER Trustee or director | – | $0 |
| JAMES HOUCHINS | MEMBER Trustee or director | – | $0 |
| TIM DANIELSON | MEMBER Trustee or director | – | $0 |
| CLARENCE PETERS | MEMBER Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 24 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TAYLOR GRIFFIN | MEMBER Trustee or director | – | $0 |
| JONATHAN LANFORD | MEMBER Trustee or director | – | $0 |
| ERIC R WORKMAN SR | VICE CHAIR Trustee or director, Officer | – | $0 |
| WHITNEY GREINER | MEMBER Trustee or director | – | $0 |
| REX HILL | MEMBER Trustee or director | – | $0 |
| TAYLOR GRIFFIN | MEMBER Trustee or director | – | $0 |
| STEPHANIE CLARK | MEMBER Trustee or director | – | $0 |
| DAN COLLINS | MEMBER Trustee or director | – | $0 |
| CARL MULLINS | MEMBER Trustee or director | – | $0 |
| RITA SURRATT | TREASURER Trustee or director, Officer | – | $0 |
| LEON MOORE | CHAIR Trustee or director, Officer | – | $0 |
| KEITH BARKER | MEMBER Trustee or director | – | $0 |
| CORA GNEGY | MEMBER Trustee or director | – | $0 |
| WILLIAM CRAWFORD | MEMBER Trustee or director | – | $0 |
| BARRY JARRETT | MEMBER Trustee or director | – | $0 |
| CAROL CARUSO | MEMBER Trustee or director | – | $0 |
| SANDRA BELCHER | MEMBER Trustee or director | – | $0 |
| PEGGY WHITE | MEMBER Trustee or director | – | $0 |
| WENDI SCHULTZ | SECRETARY Trustee or director, Officer | – | $0 |
| PAM COX | MEMBER Trustee or director | – | $0 |
| SHAWN UTT | MEMBER Trustee or director | – | $0 |
| WHITNEY CZELUSNIACK | MEMBER Trustee or director | – | $0 |
| CLARENCE RUSTY PETERS JR | MEMBER Trustee or director | – | $0 |
| JENNIFER ATWELL | MEMBER Trustee or director | – | $0 |
990 for the year ended June 30, 2023: 24 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TAYLOR GRIFFIN | MEMBER Trustee or director | – | $0 |
| JONATHAN LANFORD | MEMBER Trustee or director | – | $0 |
| ERIC R WORKMAN SR | VICE CHAIR Trustee or director, Officer | – | $0 |
| WHITNEY GREINER | MEMBER Trustee or director | – | $0 |
| REX HILL | MEMBER Trustee or director | – | $0 |
| TAYLOR GRIFFIN | MEMBER Trustee or director | – | $0 |
| STEPHANIE CLARK | MEMBER Trustee or director | – | $0 |
| DAN COLLINS | MEMBER Trustee or director | – | $0 |
| CARL MULLINS | MEMBER Trustee or director | – | $0 |
| RITA SURRATT | TREASURER Trustee or director, Officer | – | $0 |
| LEON MOORE | CHAIR Trustee or director, Officer | – | $0 |
| KEITH BARKER | MEMBER Trustee or director | – | $0 |
| CORA GNEGY | MEMBER Trustee or director | – | $0 |
| WILLIAM CRAWFORD | MEMBER Trustee or director | – | $0 |
| BARRY JARRETT | MEMBER Trustee or director | – | $0 |
| CAROL CARUSO | MEMBER Trustee or director | – | $0 |
| SANDRA BELCHER | MEMBER Trustee or director | – | $0 |
| PEGGY WHITE | MEMBER Trustee or director | – | $0 |
| WENDI SCHULTZ | SECRETARY Trustee or director, Officer | – | $0 |
| PAM COX | MEMBER Trustee or director | – | $0 |
| SHAWN UTT | MEMBER Trustee or director | – | $0 |
| WHITNEY CZELUSNIACK | MEMBER Trustee or director | – | $0 |
| CLARENCE RUSTY PETERS JR | MEMBER Trustee or director | – | $0 |
| JENNIFER ATWELL | MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 983, ABINGDON, VA 24212-0983
- Principal officer (990 for 2024)
- SHAWN UTT, 121 BAGLEY CIRCLE STE 100, MARION, VA 24354
- Signed the 990
- SHAWN UTT, CHAIR
- Phone
- (276) 623-9000
- Website
- PEOPLEINC.NET/NDDF
- Return prepared by
- HBC CPAS
Mission
MAINTAIN REVOLVING LOAN FUND
Program accomplishments
- MAINTAIN REVOLVING LOAN FUNDExpenses $28,218
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1681272
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S300)
- Assets (IRS master file)
- $2,078,128
- Income (IRS master file)
- $72,176
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $72,176 | $28,218 | $2,078,128 | IRS |
| 990 | June 2024 | $47,569 | $18,941 | $2,047,774 | XML |
| 990 | June 2023 | $57,550 | $23,605 | $2,015,363 | XML |
| 990 | June 2022 | $53,944 | $121,885 | $1,988,119 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1681272).
Questions about SOUTHWEST DEVELOPMENT FINANCING INC
- What is the EIN of SOUTHWEST DEVELOPMENT FINANCING INC?
- The employer identification number (EIN) of SOUTHWEST DEVELOPMENT FINANCING INC is 54-1681272.
- Is SOUTHWEST DEVELOPMENT FINANCING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to SOUTHWEST DEVELOPMENT FINANCING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHWEST DEVELOPMENT FINANCING INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTHWEST DEVELOPMENT FINANCING INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHWEST DEVELOPMENT FINANCING INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SOUTHWEST DEVELOPMENT FINANCING INC?
- The 990 for the year ended June 30, 2025 names SHAWN UTT.
- Who are the officers and directors of SOUTHWEST DEVELOPMENT FINANCING INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does SOUTHWEST DEVELOPMENT FINANCING INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $72,176, expenses of $28,218 and total assets of $2,078,128 at year end.
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All nonprofits in ABINGDON · Virginia · Community improvement and capacity building