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Filing year 2024

BUSINESS DEVELOPMENT CORPORATION

South Bend, Indiana·EIN 35-1548607·4
Total revenue
$1M
Total assets
$6.5M
Total expenses
$672k
Reported officers
16
Mission

TO FURTHER ECONOMIC DEVELOPMENT,PRINCIPALLY WITHIN ANY AND ALL COUNTIES LOCATED IN NORTH CENTRAL INDIANA AND SOUTHWEST MICHIGAN.

Executive compensation, broken down

Form 990 · Schedule J · 3 reported individuals · Filing year 2024

$205k
$220k
Base
$137k
Bonus
$33k
Other
Benefits
Accountant/c
officer (unspecified)
$102k
$109k
$32k
$34k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 13 unpaid individuals.

Up 2%
from 2023

From $201k in 2023 to $205k in 2024.

$201k
2023
$205k
2024
In today's dollarsEst.
Down 1% in real terms$222k to $220k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

BUSINESS DEVELOPMENT CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$888k
$620k
2023
$1M
$672k
2024
Total revenue and total expenses from IRS Form 990 filings.
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