Nonprofit · EIN 57-0735286
APPALACHIAN DEVELOPMENT CORPORATION
Tax-exempt · GREENVILLE, SC 29615
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $905,097 | $846,391 | $58,706 | $8,350,949 | $1,957,288 | $6,393,661 |
| September 30, 2024 | 990 | $843,266 | $710,510 | $132,756 | $8,393,347 | $2,073,164 | $6,320,183 |
| September 30, 2023 | 990 | $783,553 | $698,341 | $85,212 | $8,353,251 | $2,186,889 | $6,166,362 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $884,386
- Investment income
- $20,711
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $230,894
- Other salaries and wages
- $294,129
- Salaries, compensation and benefits (total)
- $624,059
- Professional fundraising fees
- $0
- Accounting fees
- $38,676
- Occupancy
- $38,535
- Travel
- $19,119
- Depreciation
- $3,909
- Program services (functional)
- $655,455
- Management and general (functional)
- $190,936
Balance sheet and other
- Total assets, start of year
- $8,393,347
- Total assets, end of year
- $8,350,949
- Total liabilities, end of year
- $1,957,288
- Net assets, end of year
- $6,393,661
- Land, buildings and equipment
- $1,510
- Net assets without donor restrictions
- $375,190
- Net assets with donor restrictions
- $6,018,471
- Gross receipts
- $905,097
- Employees
- 4
- Volunteers
- 12
- Year formed
- 1982
- State of legal domicile
- SC
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| J CONNALLY BRADLEY | EXECUTIVE DI Officer | 40 | $193,103 | $36,764 |
| KIM MODE | PRESIDENT Trustee or director, Officer | 0.2 | $0 | $0 |
| RALPH GUARINO | VICE PRESIDE Trustee or director, Officer | 0.2 | $0 | $0 |
| GRANT NICHOLSON | SECRETARY/TR Trustee or director, Officer | 0.2 | $0 | $0 |
| RICHARD BLACKWELL | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BEN CALHOUN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JIM COOK | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| SCOTT DUNN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| TAVIA GADDY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| KELLY PARNELL | DIRECTOR FRO Trustee or director | 0.2 | $0 | $0 |
| STEVE PELISSIER | COG APPOINTE Trustee or director | 0.2 | $0 | $0 |
| STUART PLYLER | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JORDAN PORTILLO | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
990 for the year ended September 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| J CONNALLY BRADLEY | EXECUTIVE DI Officer | 40 | $183,084 | $28,078 |
| KIM MODE | PRESIDENT Trustee or director, Officer | 0.2 | $0 | $0 |
| RALPH GUARINO | VICE PRESIDE Trustee or director, Officer | 0.2 | $0 | $0 |
| GRANT NICHOLSON | SECRETARY/TR Trustee or director, Officer | 0.2 | $0 | $0 |
| RICHARD BLACKWELL | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BEN CALHOUN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JIM COOK | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| SCOTT DUNN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| TAVIA GADDY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| STEVE PELISSIER | COG APPOINTE Trustee or director | 0.2 | $0 | $0 |
| STUART PLYLER | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JORDAN PORTILLO | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DALE SEAY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
990 for the year ended September 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| J CONNALLY BRADLEY | EXECUTIVE DI Officer | 40 | $170,188 | $28,095 |
| TOM BRITT | PRESIDENT Trustee or director, Officer | 0.2 | $0 | $0 |
| RALPH GUARINO | VICE PRESIDE Trustee or director, Officer | 0.2 | $0 | $0 |
| GRANT NICHOLSON | SECRETARY/TR Trustee or director, Officer | 0.2 | $0 | $0 |
| RICHARD BLACKWELL | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BEN CALHOUN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JIM COOK | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| SCOTT DUNN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| TAVIA GADDY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| KIM MODE | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| STEVE PELISSIER | COG APPOINTE Trustee or director | 0.2 | $0 | $0 |
| JORDAN PORTILLO | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DALE SEAY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1318 HAYWOOD RD STE B, GREENVILLE, SC 29615-4992
- Principal officer (990 for 2024)
- J CONNALLY BRADLEY, 1318B HAYWOOD RD, GREENVILLE, SC 29615
- Signed the 990
- J CONNALLY BRADLEY, EXECUTIVE DIRECTOR
- Phone
- (864) 382-2350
- Website
- WWW.ADCLOANS.COM
- Return prepared by
- GREENE FINNEY CAULEY LLP
Mission
ADC IS A NONPROFIT ORGANIZATION FORMED TO FURTHER THE ECONOMIC DEVELOPMENT OF SOUTH CAROLINA BY PROVIDING MULTIPLE FINANCING OPTIONS TO QUALIFIED SMALL BUSINESSES.
Program accomplishments
- 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.Expenses $337,159 · revenue $578,684
- 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.Expenses $246,283 · revenue $257,534
- ADC PARTICIPATES IN THE U.S. DEPARTMENT OF AGRICULTURE ("USDA") INTERMEDIARY RELENDING PROGRAM ("IRP").Expenses $53,431 · revenue $27,483
- 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.Expenses $18,582 · revenue $20,685
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 57-0735286
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1982
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,350,949
- Income (IRS master file)
- $905,097
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $905,097 | $846,391 | $8,350,949 | XML |
| 990 | September 2024 | $843,266 | $710,510 | $8,393,347 | XML |
| 990 | September 2023 | $783,553 | $698,341 | $8,353,251 | XML |
| 990 | September 2022 | $712,263 | $697,360 | $8,430,332 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 57-0735286).
Questions about APPALACHIAN DEVELOPMENT CORPORATION
- What is the EIN of APPALACHIAN DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of APPALACHIAN DEVELOPMENT CORPORATION is 57-0735286.
- Is APPALACHIAN DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1982.
- Are donations to APPALACHIAN DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does APPALACHIAN DEVELOPMENT CORPORATION 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 APPALACHIAN DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did APPALACHIAN DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of APPALACHIAN DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names J CONNALLY BRADLEY.
- Who are the officers and directors of APPALACHIAN DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 13 people; 1 received compensation from the organization, the highest $193,103 (J CONNALLY BRADLEY, EXECUTIVE DI).
- How much revenue does APPALACHIAN DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $905,097, expenses of $846,391 and total assets of $8,350,949 at year end.
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