# EDGAR Filing Document

**Accession Number:** 0000351786
**File Stem:** 0000351786-23-000002
**Filing Date:** 2023-1
**Character Count:** 11884
**Document Hash:** 581f5c2a95493f6f2211529aa1bd19ba
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000351786-23-000002.hdr.sgml**: 20230105

**ACCESSION NUMBER**: 0000351786-23-000002

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221031

**FILED AS OF DATE**: 20230105

**DATE AS OF CHANGE**: 20230105

**EFFECTIVENESS DATE**: 20230105

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BMC FUND INC
- **CENTRAL INDEX KEY:** 0000351786
- **IRS NUMBER:** 560296780
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03150
- **FILM NUMBER:** 23509952

**BUSINESS ADDRESS:**
- **STREET 1:** 800 HICKORY BLVD SW
- **CITY:** LENOIR
- **STATE:** NC
- **ZIP:** 28645-5858
- **BUSINESS PHONE:** 8287586100

**MAIL ADDRESS:**
- **STREET 1:** 800 HICKORY BLVD SW
- **CITY:** LENOIR
- **STATE:** NC
- **ZIP:** 28645-5858

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BROYHILL MANAGEMENT CORP
- **DATE OF NAME CHANGE:** 19820608

## Internal

```

Report of Independent Registered Public Accounting
Firm
Board of Directors and Shareholders of BMC Fund, Inc.
In planning and performing our audit of the financial statements of BMC Fund,
Inc. (the ?Company?) as of and for the year ended October 31, 2022, in
accordance with the standards of the Public Company Accounting Oversight Board
 (United States) (?PCAOB?), we considered the Company?s internal control
over financial reporting, including controls over safeguarding securities, as
a basis for designing our auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with the requirements of Form
N-CEN, but not for the purpose of expressing an opinion on the effectiveness of
the Company?s internal control over financial reporting. Accordingly, we express
no such opinion.The management of the Company is responsible for establishing
and maintaining effective internal control over financial reporting. In
fulfilling this responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of controls. A
company?s internal control over financial reporting is a process designed to
provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance
with generally accepted accounting principles (GAAP). A company?s internal
control over financial reporting includes those policies and procedures that
(1) pertain to the maintenance of records that, in reasonable detail, accurately
and fairly reflect the transactions and dispositions of the assets of the
company;(2) provide reasonable assurance that transactions are recorded as
necessary to permit preparation of financial statements in accordance with GAAP,
and the receipts and expenditures of the company are being made only in
accordance with authorizations of management and directors of the company; and
(3) provide reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of a company?s assets that could
have a materialeffect on the financial statements.Because of its inherent
limitations, internal control over financial reporting may not prevent or detect
misstatements. Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become inadequate because of
changes in conditions, or that the degree of compliance with the policies or
procedures may deteriorate.A deficiency in internal control over financial
reporting exists when the designor operation of a control does not allow
management or employees, in the normal course of performing their assigned
functions, to prevent or detect misstatementson a timely basis. A material
weakness is a deficiency, or combination of deficiencies, in internal control
over financial reporting, such that there is a reasonable possibility that a
material misstatement of the Company?s annual or interim financial statements
will not be prevented or detected on a timely basis.  Our consideration of the
Company?s internal control over financial reporting was for the limited purpose
described in the first paragraph and would not necessarilydisclose all
deficiencies in internal control that might be material weaknesses
under standards established by the PCAOB. However, we noted no deficiencies in
the Company?s internal control over financial reporting and its operations,
including controls over safeguarding securities, that we considered to be a
material weakness as defined above as of October 31, 2022.
?
This report is intended solely for the information and use of management and
the Board of Directors of BMC Fund, Inc. and the Securities and Exchange
Commission and is not intended to be and should not be used by anyone other than
these specified parties.

/s/ FORVIS, LLP

Asheville, NC
December 21, 2022

```

# Form N-CEN: Annual Report for Registered Investment Companies

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0000351786

## N-CEN: Series/Class (Contract) Information

### N-CEN: Part A: General Information

**Item A.1.a - Report for period ending:** 2022-10-31

**Item A.1.b - Does this report cover a period of less than 12 months?:** No

## N-CEN: Part B: Information About the Registrant

- **Item B.1.a - Full name of Registrant:** BMC FUND INC

- **Item B.1.b - Investment Company Act file number:** 811-03150

- **Item B.1.c - CIK:** 0000351786

- **Item B.1.d - LEI:** 549300TFI04B3BMUV507

- **Item B.2.a - Street 1:** 800 Hickory Blvd SW

- **Item B.2.b - City:** Lenoir

- **Item B.2.c - State:** NC

- **Item B.2.e - Zip Code:** 28645-5858

- **Item B.2.f - Telephone:** 828-758-6100

- **Item B.2.g - Public Website:** www.bmcfund.com

### Item B.3 - Location of books and records

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** Alan Deal

- **b. Street 1:** 800 Hickory Blvd. SW

- **c. City:** Lenoir

- **d. State, if applicable:** NC

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 28645

- **g. Telephone number:** 828-758-6100

- **h. Briefly describe the books and records kept at this location:** Accounting records

**Location books Record: 2**

- **a. Name of person (e.g., a custodian of records):** Northern Trust Corporation

- **b. Street 1:** 50 South La Salle St

- **c. City:** Chicago

- **d. State, if applicable:** IL

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 60603

- **g. Telephone number:** 312-630-6989

- **h. Briefly describe the books and records kept at this location:** Custody records

- **Item B.4.a - Is this the first filing by the Registrant?:** No

- **Item B.4.b - Is this the last filing by the Registrant?:** No

### Item B.6 - Organization

- [ ] a. Open-end management investment company registered under the Act on Form N-1A

- [x] b. Closed-end management investment company registered under the Act on Form N-2

- [ ] c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3

- [ ] d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4

- [ ] e. Small business investment company registered under the Act on Form N-5

- [ ] f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6

- [ ] g. Unit investment trust registered under the Act on Form N-8B-2

- **Item B.6.i - Total number of Series:** —

- **Item B.7 - Is the Registrant the issuer of a class of securities registered under the Securities Act?:** No

### Item B.8 - Directors

| Name            | Is Interested Person?   | Other Investment Company File Numbers   |
|:---|:---|:---|
| Broyhill M Hunt | Yes                     | N/A                                     |
| Farmer R Donald | No                      | N/A                                     |
| Robert Mark E   | No                      | N/A                                     |

### Item B.9. Chief compliance officer.

**Chief compliance officer Record: 1**

- **a. Full Name:** Deal Alan R

- **b. CRD Number, if any:** N/A

- **c. Street Address 1:** 800 Hickory Blvd SW

- **d. City:** Lenoir

- **e. State, if applicable:** NC

- **f. Foreign country, if applicable:** US

- **g. Zip code:** 28645-5858

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** No

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

### Item B.10. Matters for security holder vote.

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** —

| Series Name   | Series ID   |
|:---|:---|
| N/A           | N/A         |

- **Item B.11.a - Have there been any material legal proceedings?:** No

- **Item B.11.b - Has any proceeding previously reported been terminated?:** No

- **Item B.12.a - Were any claims with respect to the Registrant filed under a fidelity bond?:** No

- **Item B.13.a - Are the Registrant's officers or directors covered under any insurance policy?:** Yes

- **Item B.13.a.i - If yes, were any claims filed under the policy during the reporting period?:** No

- **Item B.14 - Did an affiliated person provide any form of financial support to the Registrant?:** No

- **Item B.15.a - Did the Registrant rely on any exemptive orders from the Commission?:** No

### Item B.16. Principal underwriters.

No Principal Underwriters reported.

### Item B.17. Independent public accountant.

**Public accountant Record: 1**

- **a. Full Name:** FORVIS, LLP

- **b. PCAOB Number:** 686

- **c. LEI, if any:** N/A

- **d. State, if applicable:** NC

- **e. Foreign country, if applicable:** US

- **f. Has the independent public accountant changed since the last filing?** Yes

- **Item B.18 - Did an independent public accountant's report on internal control note any material weaknesses?:** No

- **Item B.19 - Did an independent public accountant issue an opinion other than an unqualified opinion?:** No

- **Item B.20 - Have there been material changes in the method of valuation?:** No

- **Item B.21 - Have there been any changes in accounting principles or practices?:** No

- **Item B.23 - Did the Registrant pay any dividend or make any distribution required to be accompanied by a written statement?:** No

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** BMC FUND INC

**Date:** 2023-01-05

**Signature:** M Hunt Broyhil

**Title:** President and Chairman