Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1995.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
91 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
14 people listed on the 990; $567K paid to officers and key staff.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Thomas Wallace | $193,931 | $144,029 | $144,024 | $141,342 | $157,289 | $173,967 |
| Margaret Guzinski | $141,883 | $131,685 | $130,224 | $110,813 | $108,480 | $106,211 |
| Eric Miller | $126,571 | $100,353 | $113,912 | — | $107,938 | — |
| William Ridgeway | $105,072 | $102,592 | $104,527 | — | $104,891 | $101,820 |
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 15aYes
Programs and updates
Creates and keeps jobs by providing SBA loans.
Questions for Independent Development Services Corporation
Your first name shows with your question. Independent Development Services Corporation answers here, for everyone.
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Ids corporation is licensed by the us small business administration as a certified development company, making and servicing loans under the sba 504 program. Historically the company had averaged approvals of forty new loans per year for an amount slightly in excess of $40m annually.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Land, buildings, equipmentLn 10c | $2K | $379 |
| Total assetsLn 16 | $364K | $356K |
| LiabilitiesLn 26 | $331K | $305K |
| Net assetsLn 32 | $33K | $51K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $567K | $567K | ||
| Other salaries and wagesLn 7 | $429K | $429K | ||
| Pension plan contributionsLn 8 | $99K | $99K | ||
| Other employee benefitsLn 9 | $267K | $267K | ||
| Payroll taxesLn 10 | $73K | $73K | ||
| Legal feesLn 11b | $6K | $6K | ||
| Accounting feesLn 11c | $22K | $22K | ||
| Other fees for servicesLn 11g | $28K | $7K | $21K | |
| Office expensesLn 13 | $33K | $33K | ||
| Information technologyLn 14 | $85K | $85K | ||
| OccupancyLn 16 | $56K | $56K | ||
| TravelLn 17 | $70K | $70K | ||
| InterestLn 20 | $7K | $7K | ||
| Depreciation, depletion and amortizationLn 22 | $1K | $1K | ||
| InsuranceLn 23 | $10K | $10K | ||
| Total functional expensesLn 25 | $1.8M | $1.6M | $155K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $1.8M | $1.8M | $18K | $51K | 990 PDF |
| FY2024 | $1.6M | $1.6M | −$42K | $33K | 990 PDF |
| FY2023 | $1.7M | $1.6M | $104K | $75K | 990 PDF |
| FY2022 | $1.6M | $1.8M | −$164K | −$29K | 990 PDF |
| FY2021 | $1.8M | $1.8M | $24K | $136K | 990 PDF |
| FY2020 | $1.6M | $1.5M | $61K | $112K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $1,772,039 revenue, 12 lines filed
Part VI · Governance 10 of 11 board members independent, no flags
Part VIII · Statement of revenue $1,772,039 across 3 lines filed
Part IX · Statement of functional expenses $1,753,872 across 15 lines filed
Part X · Balance sheet $355,984 assets, 11 lines filed
Part XI · Reconciliation of net assets $51,395 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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