2021-11-04T08:42:35-05:00 2020-12-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2020-01-01 810500256 MONTANA COMMUNITY DEVELOPMENT CORP MONT 4067289234 229 EAST MAIN STREET MISSOULA MT 59802 DAVID GLASER PRESIDENT 4067289234 2021-10-28 1 DAVID GLASER 999009999 LORI ROTHE YOKOBOSKY CPA P01273422 9732283500 2021-10-19 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MOFI NANCY QUIST 229 EAST MAIN STREET MISSOULA MT 59802 15133371 0 X WWW.MOFI.ORG X 1995 MT MONTANA COMMUNITY DEVELOPMENT CORPORATION (DBA "MOFI") PROVIDES FINANCING AND CONSULTING SERVICES THAT TRANSFORM LIVES AND COMMUNITIES. 11 10 35 0 0 0 1072862 6675255 8189816 8326584 89111 102572 26117 27716 9377906 15132127 0 6300 0 0 3194298 3755325 0 18150 18150 4152474 6422244 7346772 10202019 2031134 4930108 53007879 91314277 20810861 54187151 32197018 37127126 X MONTANA COMMUNITY DEVELOPMENT CORPORATION (DBA "MOFI") PROVIDES FINANCING AND CONSULTING THAT TRANSFORM LIVES AND COMMUNITIES. 1 0 8725371 6300 8082912 FOUNDED IN 1986, MONTANA COMMUNITY DEVELOPMENT CORPORATION DBA MOFI IS A 501(C)(3) NONPROFIT ORGANIZATION WITH A MISSION TO PROVIDE FINANCING AND CONSULTING THAT TRANSFORMS LIVES AND COMMUNITIES THROUGH ITS ROLE AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION ("CDFI") AND NEW MARKETS TAX CREDIT ("NMTC") LENDER.MOFI WORKS IN THE ROCKY MOUNTAIN WEST AND HAS TWO PRIMARY LENDING PROGRAMS: (1) LOANS TO SMALL BUSINESSES THAT CANNOT SECURE TRADITIONAL FINANCING, AND (2) NEW MARKETS TAX CREDIT LOANS. 537096 271388 IN ADDITION TO ITS TWO CORE LENDING PROGRAMS, MOFI OFFERS DOWN PAYMENT ASSISTANCE FOR HOMEBUYERS THROUGH A COMMUNITY SECOND MORTGAGE PROGRAM. 9262467 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 50 0 1 35 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X RACHEL MCDONOUGH 4067289234 229 EAST MAIN STREET MISSOULA MT 59802 BOB DEAN DIRECTOR 1.00 X 0 0 0 BOB GAUTHIER DIRECTOR 1.00 X 0 0 0 CHARLES RIAL OUTGOING DIRECTOR 1.00 X 0 0 0 DAVE BURNER VICE CHAIRPERSON 1.00 X X 0 0 0 DAVID GLASER PRESIDENT 40.00 X X 347725 0 38300 KALLI RYTI DIRECTOR 1.00 X 0 0 0 LISA COOPER DIRECTOR 1.00 X 0 0 0 NANCY QUIST CHAIRPERSON 1.00 X X 0 0 0 NATALIE CAMACHO MENDOZA DIRECTOR 1.00 X 0 0 0 PRI FERNANDO SECRETARY 1.00 X X 0 0 0 SARA SMITH TREASURER 1.00 X X 0 0 0 TOM MCMAKIN OUTGOING DIRECTOR 1.00 X X 0 0 0 TOM SERVERSON DIRECTOR 1.00 X 0 0 0 HEIDI DEARMENT VICE PRESIDENT 40.00 X 345337 0 42954 RACHEL MCDONOUGH DIRECTOR OF FINANCE 40.00 X 156838 0 26367 BEN WRIGHT DIRECTOR OF OPERATIONS 40.00 X 127197 0 29200 BETSY BEAUVAIS DIRECTOR OF LENDING 40.00 X 184317 0 41190 ELIZABETH ADDINGTON DIRECTOR OF OPERATIONS 40.00 X 124828 0 16498 GREGORY ASTLE DIRECTOR OF TAX CREDIT LENDING 40.00 X 188610 0 15782 1474852 0 210291 7 0 1 0 0 2483435 4191820 6675255 NMTC FEES 900099 4361113 4361113 LOAN INTEREST & FEES 525990 3797505 3797505 SBA TA CONTRACT REVENUE 900099 101086 101086 RMAP TA CONTRACT REVENUE 900099 41097 41097 EDA TA CONTRACT REVENUE 900099 25783 25783 8326584 103816 103816 1244 -1244 -1244 -1244 OTHER REVENUE 900099 27716 27716 27716 15132127 8354300 0 102572 6300 6300 914279 774577 139702 2501304 2119105 382199 114098 96664 17434 29225 24759 4466 196419 166406 30013 45129 38233 6896 58759 49781 8978 34400 34400 18150 18150 324199 320583 3616 206726 206726 144733 123873 20860 892173 755849 136324 295456 250311 45145 123253 104765 18488 542522 542522 390370 331814 58556 101666 86131 15535 LOAN LOSS PROVISION 2994166 2994166 STAFF DEVELOPMENT 210082 178570 31512 LOAN EXPENSE 47423 47423 MISCELLANEOUS 11187 9509 1678 10202019 9262467 921402 18150 65381 124092 16309780 32516541 147000 50000 270746 872823 33583373 55385405 56969 48319 4187293 1914667 2529860 2272626 44770 44471 53007879 91314277 383344 526833 743363 125000 18911560 52534142 772594 1001176 20810861 54187151 X 30174513 32965950 2022505 4161176 32197018 37127126 53007879 91314277 4930108 0 X X 0 1 X 1 1 1 X 2331397 2500005 1988247 1072862 6675255 14567766 2331397 2500005 1988247 1072862 6675255 14567766 3169894 11397872 80577 123577 71769 91694 103816 471433 14612 91424 176691 26117 27716 336560 15375759 35447956 0.74130 0.84650 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER - 2016 AMOUNT: $ 14,612. 2017 AMOUNT: $ 91,424. 2018 AMOUNT: $ 176,691. 2019 AMOUNT: $ 26,117. 2020 AMOUNT: $ 27,716. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34400 34400 10167619 10202019 660101 165025 0 0 383204 489182 517339 660101 2049826 3074739 23900 21550 17400 34400 97250 95801 122296 129335 165025 512457 768686 300000 300000 2006398 537852 1468546 1765390 1261310 504080 115505 115505 0 2272626 DUE TO OTHER AGENCIES 1001176 1001176 X 15133371 0 15133371 -1244 -1244 15132127 10203263 1244 1244 10202019 0 10202019 PART X, LINE 2: MOFI IS EXEMPT FROM INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2020. MOFI IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS. MOFI HAS ALSO ELECTED TO BE GOVERNED BY SECTION 501(H) OF THE INTERNAL REVENUE CODE. SECTION 501(H) LIMITS MOFI'S LOBBYING EXPENDITURES TO SPENDING CEILINGS BASED ON A PERCENTAGE OF MOFI'S TOTAL EXEMPT PURPOSE EXPENDITURES WITH A MAXIMUM OF $1 MILLION DOLLARS PER YEAR. MOFI'S TOTAL LOBBYING EXPENDITURES WERE $34,400 FOR THE YEAR ENDED DECEMBER 31, 2020. MOFI IS NO LONGER SUBJECT TO EXAMINATIONS BY FEDERAL TAX AUTHORITIES FOR YEARS BEFORE 2017. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS -1,244. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS 1,244. X X 1 POLICY & MANAGEMENT ASSOCIATES INC 89 SCHOOL STREET SUITE TWO CHARLESTOWN MA 02129 GRANT WRITING 0 800000 8750 800000 BLUESTEM CONSULTING INC 60 HILLSIDE DR BUFFALO WY 82834 GRANT WRITING 0 557000 9400 557000 1357000 18150 1357000 MT ID WY WA OR 1 PROFESSIONAL ASSISTANCE/SERVICES FOR CLIENTS 1 6300 N/A PART I, LINE 2: MONTANA COMMUNITY DEVELOPMENT CORPORATION (DBA "MOFI") PROVIDES PROFESSIONAL ASSISTANCE GRANTS TO ITS BORROWERS FOR PROFESSIONAL SERVICES THROUGH LEGAL, ACCOUNTING AND MARKETING GRANTS. X 1 1 X X X 0 0 0 0 0 0 0 1 0 HEIDI DEARMENT VICE PRESIDENT 323637 0 20100 0 1600 0 13626 0 29328 0 388291 0 0 0 DAVID GLASER PRESIDENT 326791 0 20100 0 834 0 13626 0 24674 0 386025 0 0 0 BETSY BEAUVAIS DIRECTOR OF LENDING 172056 0 11339 0 922 0 7786 0 33404 0 225507 0 0 0 GREGORY ASTLE DIRECTOR OF TAX CREDIT LENDING 174700 0 12839 0 1071 0 7040 0 8742 0 204392 0 0 0 RACHEL MCDONOUGH DIRECTOR OF FINANCE 144787 0 10239 0 1812 0 6167 0 20200 0 183205 0 0 0 BEN WRIGHT DIRECTOR OF OPERATIONS 115954 0 9460 0 1783 0 5167 0 24033 0 156397 0 0 0 PART I, LINE 1A MOFI PROVIDES A BENEFIT FOR ALL EMPLOYEES WHERE IT WILL PAY GYM MEMBERSHIP DUES. THE PAYMENT OF THESE DUES ARE TREATED AS TAXABLE INCOME. THESE AMOUNTS ARE INCLUDED ON SCHEDULE J, PART II, COLUMN B(III) AND INCLUDED IN THE INDIVIDUALS 2020 W-2S. PART I, LINE 7 INCLUDED IN SCHEDULE J, PART II COLUMN B(II) ARE AMOUNTS REPRESENTING BONUSES. THESE AMOUNTS WERE INCLUDED IN THE INDIVIDUALS 2020 W-2 AND APPROVED BY THE BOARD. FORM 990, PART III, LINE 2 IN 2020, MOFI PARTICIPATED IN THE UNITED STATES SMALL BUSINESS ADMINISTRATION'S ("SBA") PAYCHECK PROTECTION PROGRAM ("PPP"). THIS SHORT-TERM CAPITAL ACCESS PROGRAM WAS ESTABLISHED UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (THE "CARES ACT") IN RESPONSE TO THE COVID-19 PANDEMIC AND RELATED NATIONAL ECONOMIC DECLINE. MOFI'S PRIMARY LENDING DURING 2020 WAS PPP LOANS FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS THE FORM 990 BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD AND STAFF ANNOUNCE POTENTIAL CONFLICTS OF INTEREST AT APPROPRIATE MEETINGS (LOAN COMMITTEE & BOARD MEETINGS) AS WELL AS ANNUALLY DISCLOSING CONFLICTS ON OUR CONFLICT OF INTEREST FORMS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DETERMINES COMPENSATION FOR ALL MANAGEMENT STAFF AND FOR THE MAJORITY OF THE OTHER STAFF MEMBERS BY CONDUCTING STAFF AND POSITION SPECIFIC SALARY SURVEYS, INDUSTRY INTERVIEWS, AND REVIEWS OF 990'S FOR INDUSTRY AND OTHER PEER ORGANIZATIONS. THE CEO'S COMPENSATION IS ESTABLISHED ANNUALLY BY THE EXECUTIVE COMMITTEE BASED ON THE SURVEY RESULTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990 XII LINE 2C: THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT. ARAPAHO SUB CDE LLC 229 EAST MAIN ST MISSOULA MT 59802 300949005 PROVIDE INV CAP. MT N/A RELATED 5 4928 0 1 0.00010 BLACKFEET CC SUB CDE LLC 229 EAST MAIN ST MISSOULA MT 59802 300947934 PROVIDE INV CAP. 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