Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1978.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
80 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
24 people listed on the 990; $75K paid to officers and key staff.
Kimm Weber’s $92K as Executive Director is at the 16th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Kimm Weber | $92,426 | $105,272 | $105,826 | $80,625 | — | — |
| Vicki Resech | — | — | — | $13,384 | $75,333 | $75,333 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Invests in businesses and communities by combining resources.
Questions for McDevco INC
Your first name shows with your question. McDevco INC answers here, for everyone.
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Costs to administer economic development loans, including interest expense, legal fees, provision for loan losses, and other administrative fees. Revolving loan fund is an accessible source of financing for projects that will create and retain private sector jobs, increase incomes, expand local tax base and leverage bank financing.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.8M | $1.9M |
| Land, buildings, equipmentLn 10c | $544K | $541K |
| Total assetsLn 16 | $4.5M | $4.5M |
| LiabilitiesLn 26 | $3.5M | $3.5M |
| Net assetsLn 32 | $911K | $1.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $90K | $67K | $22K | |
| Other salaries and wagesLn 7 | $80K | $60K | $20K | |
| Other employee benefitsLn 9 | $16K | $12K | $4K | |
| Payroll taxesLn 10 | $11K | $8K | $3K | |
| Legal feesLn 11b | $300 | $150 | $150 | |
| Accounting feesLn 11c | $16K | $8K | $8K | |
| Advertising and promotionLn 12 | $9K | $9K | ||
| Office expensesLn 13 | $8K | $4K | $4K | |
| Information technologyLn 14 | $7K | $5K | $2K | |
| OccupancyLn 16 | $21K | $16K | $5K | |
| TravelLn 17 | $300 | $270 | $30 | |
| Conferences, conventions and meetingsLn 19 | $4K | $4K | $398 | |
| InterestLn 20 | $50K | $25K | $25K | |
| Depreciation, depletion and amortizationLn 22 | $6K | $2K | $4K | |
| InsuranceLn 23 | $3K | $2K | $2K | |
| Other expenses (24a–d)Ln 24 | $272K | $254K | $19K | |
| All other expensesLn 24e | $343 | $171 | $172 | |
| Total functional expensesLn 25 | $594K | $476K | $118K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $1.0M | $360K | $685K | $1.8M | 990 PDF |
| FY2024 | $368K | $353K | $14K | $1.1M | 990 PDF |
| FY2023 | $460K | $490K | −$30K | $1.1M | 990 PDF |
| FY2022 | $696K | $550K | $145K | $1.1M | 990 PDF |
| FY2021 Viewing | $751K | $594K | $157K | $1.0M | 990 PDF |
| FY2020 | $519K | $439K | $81K | $911K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $751,322 revenue, 12 lines filed
Part VI · Governance 21 of 21 board members independent, 4 to look at
Part VIII · Statement of revenue $751,322 across 9 lines filed
Part IX · Statement of functional expenses $594,365 across 17 lines filed
Part X · Balance sheet $4,549,350 assets, 14 lines filed
Part XI · Reconciliation of net assets $1,031,803 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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