AI Summary
The Northwest Ohio Development Assistance Corporation (NODAC) is a certified development company established in 1993, focused on economic development by administering the SBA 504 loan program in Ohio. With an operating budget of $271,000 and total revenue of $358.8 million for the filing year 2024, NODAC plays a vital role in supporting local businesses and fostering economic growth in the region. The organization does not rely on a single funder for more than 50% of its revenue.
Mission Statement
NODAC IS A CERTIFIED DEVELOPMENT COMPANY FORMED IN 1993 FOR THE PURPOSE OF ADMINISTRATING THE SBA 504 LOAN PROGRAM IN THE STATE OF OHIO.
Cause Areas
1
Economic development
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is NORTHWEST OHIO DEVELOPMENT ASSISTANCE CORPORATION’s budget?
In 2024, NORTHWEST OHIO DEVELOPMENT ASSISTANCE CORPORATION reported an annual operating budget of around $271 thousand. More detailed financial information is available to registered users.
What causes does NORTHWEST OHIO DEVELOPMENT ASSISTANCE CORPORATION support?
NORTHWEST OHIO DEVELOPMENT ASSISTANCE CORPORATION supports work in Economic development.
Where does NORTHWEST OHIO DEVELOPMENT ASSISTANCE CORPORATION operate?
NORTHWEST OHIO DEVELOPMENT ASSISTANCE CORPORATION is headquartered in Toledo, OH.