Business Development Corporation
TO FURTHER ECONOMIC DEVELOPMENT,PRINCIPALLY WITHIN ANY AND ALL COUNTIES LOCATED IN NORTH CENTRAL INDIANA AND SOUTHWEST MICHIGAN.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.5M
+8.0% YoY
Annual Giving
$8K
Grant Count
1
Avg Grant Size
$8K
About Business Development Corporation
Based on IRS filings
Business Development Corporation is a nonprofit organization, based in SOUTH BEND, IN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $6.5M in total assets. In 2024, it awarded 1 grants totaling $8K. Net investment income was $346K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,491,579 | $6,012,715 | $4,829,222 |
| Revenue | $1,001,719 | $887,630 | $816,472 |
| Expenses | $672,095 | $620,367 | $699,236 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $345,849 | $171,667 | $144,909 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CARRIE KOSAC | PRESIDENT | 40 | $31,635 |
| ELIZABETH J WITTLING | PRESIDENT/CO | 40 | $169,880 |
| KALIN MILLER | ACCOUNTANT/C | 40 | $82,600 |
| PETER GILLIN | DIRECTOR | 1 | — |
| RYAN HOFFMAN | DIRECTOR | 1 | — |
| NICK MATTHEWS | DIRECTOR | 1 | — |
| JILL SCICCHITANO | DIRECTOR | 1 | — |
| ALAN STEELE | DIRECTOR | 1 | — |
| BRYAN OLUND | DIRECTOR | 1 | — |
| PATTY MCNARNEY | DIRECTOR | 1 | — |
| HEATHER OBERMEYER | DIRECTOR | 1 | — |
| MATT WETZEL | DIRECTOR | 1 | — |
| PATTY WHEELER | DIRECTOR | 1 | — |
| WILLIAM HEFFELFINGER CPA | TREASURER | 2 | — |
| RYAN BELL | SECRETARY | 2 | — |
| TOM ROSS | CHAIRMAN | 2 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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