2018-11-15T09:15:51-06:00 2017-12-31 221478099 COHNREZNICK LLP 4 BECKER FARM ROAD ROSELAND NJ 07068 990 2017-01-01 810500256 MONTANA COMMUNITY DEVELOPMENT CORP MONT 4067289234 229 EAST MAIN STREET MISSOULA MT 59802 DAVID GLASER PRESIDENT 4067289234 2018-11-14 1 THOMAS LANNING P00851654 9732283500 2018-11-14 209.3.217.20 2018-11-14 15:31:05 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A999648B7C0F94429496C189B46642AFC33E1A30 2017 2019-02-21 02:37:17Z TOM MCMAKIN 229 EAST MAIN STREET MISSOULA MT 59802 8176534 0 X WWW.MOFI.ORG X 1995 MT PROVIDE FINANCING AND CONSULTING SERVICES THAT TRANSFORM THE LIVES OF INDIVIDUALS AND STRENGTHEN COMMUNITY PROSPERITY. 9 8 40 0 0 0 2331397 2500005 6051686 5461528 80577 47895 14612 91424 8478272 8100852 51914 21000 0 0 2746124 3148579 0 0 0 2700657 3130861 5498695 6300440 2979577 1800412 39823508 42346054 14329840 15051974 25493668 27294080 X MCDC PARTNERS WITH PEOPLE AND COMMUNITIES THAT WANT TO PROSPER, PROVIDING INNOVATIVE FINANCING AND BUSINESS DEVELOPMENT PRODUCTS THAT CREATE INCOME OPPORTUNITIES FOR ALL MEMBERS OF OUR COMMUNITY. OUR ROLE IS TO FOSTER A RESILIENT ECONOMY THAT IS BUILT ON THE INHERENT STRENGTHS OF THE PEOPLE AND THE PLACE WHERE WE LIVE. SINCE 1989, MONTANA CDC HAS SERVED HUNDREDS OF ENTREPRENEURS WITH LOANS, CONSULTING AND TRAINING. THE BUSINESSES OUR CLIENTS CREATE HELP SUSTAIN THEIR LOCAL COMMUNITIES AND PROVIDE JOBS IN MONTANA AND IDAHO. IN ADDITION TO OUR CONSULTING AND REVOLVING LOAN FUND SERVICES, MONTANA CDC IS A COMMUNITY DEVELOPMENT ENTITY (CDE) AND ELIGIBLE TO MAKE NEW MARKET TAX CREDIT ENHANCED LOANS THROUGH LIMITED LIABILITY COMPANIES IN WHICH MONTANA CDC IS THE MANAGING MEMBER. THESE ENTITYS MISSIONS ARE TO PROVIDE LOANS TO QUALIFIED BUSINESSES IN LOW-INCOME COMMUNITIES. OUR PRIMARY SERVICE AREAS ARE THE STATES OF MONTANA AND IDAHO. MONTANA CDC IS AN EQUAL OPPORTUNITY LENDER AND EMPLOYER. 0 0 4118360 5405285 BUSINESS LOANS: PROVIDES DIRECT LOAN FUNDS AND RELATED SERVICES TO BORROWERS AND LOAN APPLICANTS. THESE FUNDS ARE USED FOR LOANS TO SMALL AND MICRO-BUSINESSES FROM PROCEEDS OF LOANS AND GRANTS FROM THE MONTANA DEPARTMENT OF COMMERCE, THE SMALL BUSINESS ADMINISTRATION(SBA), UNITED STATES DEPARTMENT OF TREASURY, UNITED STATES DEPARTMENT OF AGRICULTURE, UNITED STATES DEPARTMENT OF COMMERCE, LOCAL GOVERNMENTS, AND PRIVATE ORGANIZATIONS. LENDING RELATED TECHNICAL ASSISTANCE IS FUNDED BY GRANTS AND LOAN EARNINGS. 545716 21000 147667 BUSINESS CONSULTING AND SPECIAL PROJECTS: STATE, FEDERAL, AND PRIVATE CONTRACT AND GRANT PROGRAMS PROVIDE TECHNICAL ASSISTANCE TO SMALL BUSINESSES. THIS PROGRAM'S GOAL IS TO BUILD MANAGEMENT CAPACITY AMONG ENTREPRENEURS. 4664076 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 29 0 1 40 1 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X RICK ENEAS 4067289234 229 EAST MAIN STREET MISSOULA MT 59802 BRUCE BUGBEE OUTGOING VICE-CHAIR 1.00 X X 0 0 0 CRAIG BIRGENHEIER OUTGOING TREASURER 1.00 X X 0 0 0 DAVE BURNER VICE CHAIR 1.00 X X 0 0 0 DAVE GLASER PRESIDENT 40.00 X X 282272 0 30191 KORI GREEN OUTGOING DIRECTOR 1.00 X 0 0 0 MINETTE JESSUP OUTGOING DIRECTOR 1.00 X 0 0 0 NANCY QUIST DIRECTOR 1.00 X 0 0 0 NATALIE CAMACHO MENDOZA DIRECTOR 1.00 X 0 0 0 PRI FERNANDO SECRETARY 1.00 X 0 0 0 SARA SMITH TREASURER 1.00 X 0 0 0 STEPHEN MILLER DIRECTOR 1.00 X 0 0 0 TINA BEGAY DIRECTOR 1.00 X 0 0 0 TOM MCMAKIN CHAIRPERSON 1.00 X X 0 0 0 RICK ENEAS CONTROLLER 40.00 X 140616 0 11459 BEN WRIGHT IDAHO BUSINESS 40.00 X 136304 0 14630 BETSY BEAUVAIS DIRECTOR OF LENDING 40.00 X 129815 0 23243 HEIDI DEARMENT VICE PRESIDENT 40.00 X 283114 0 28837 SARAH FITZGERALD NMTC DIRECTOR 40.00 X 150480 0 14172 1122601 0 122532 6 0 1 0 0 1544848 955157 2500005 NMTC FEES 900099 3173876 3173876 LOAN INTEREST 525990 1853591 1853591 LOAN FEES 525990 289433 289433 SBA TA CONTRACT REVENU 900099 105339 105339 RMAP TA CONTRACT REVEN 900099 39289 39289 5461528 123577 123577 75682 -75682 -75682 -75682 DOWNPAYMENT ASST EARNI 900099 88385 88385 OTHER REVENUE 900099 3039 3039 91424 8100852 5552952 0 47895 21000 21000 464538 329245 135293 2173881 1540754 633127 96252 68219 28033 230306 163231 67075 183602 130129 53473 31392 25734 5658 68389 27356 41033 23900 23900 114114 84188 29926 276942 244629 32313 70652 32500 38152 512539 462225 50314 148350 31495 116855 149951 63372 86579 322109 322109 314813 254272 60541 42334 35173 7161 LOAN LOSS PROVISION 607482 607482 STAFF DEVELOPMENT 410430 173455 236975 LOAN EXPENSE 23608 23608 MISCELLANEOUS 13856 13856 6300440 4664076 1636364 0 3000293 2078982 11411559 10939061 2000 350000 293290 306935 22932583 26029619 10000 38369 3377313 809710 2143928 2567603 29855 35485 39823508 42346054 440337 324857 13521748 14012074 367755 715043 14329840 15051974 X 20272798 24662264 3851747 1214972 1369123 1416844 25493668 27294080 39823508 42346054 1800412 0 X X 0 1 X 1 1 1 X 1828344 4240392 1769572 2331397 2111505 12281210 1828344 4240392 1769572 2331397 2111505 12281210 12281210 30108 38401 52433 80577 123577 325096 17934 14612 91424 123970 12730276 25322340 0.96470 0.97840 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER - 2015 AMOUNT: $ 17,934. 2016 AMOUNT: $ 14,612. 2017 AMOUNT: $ 91,424. 23900 23900 4640176 4664076 383204 95801 0 0 314018 301940 361731 383204 1360893 2041340 13900 25900 13900 23900 77600 78505 75485 90433 95801 340224 510336 300000 300000 1739213 220546 1518667 1338100 589164 748936 2567603 DUE TO OTHER AGENCIES 715043 715043 X 8176534 0 8176534 -75682 -75682 8100852 6376122 75682 75682 6300440 0 6300440 PART X, LINE 2: MCDC HAS ALSO ELECTED TO BE GOVERNED BY SECTION 501(H) OF THE INTERNAL REVENUE CODE. SECTION 501(H) LIMITS MCDC'S LOBBYING EXPENDITURES TO SPENDING CEILINGS BASED ON A PERCENTAGE OF MCDC'S TOTAL EXEMPT PURPOSE EXPENDITURES WITH A MAXIMUM OF $1 MILLION DOLLARS PER YEAR. MCDC'S TOTAL LOBBYING EXPENDITURES WERE 0.25% OF TOTAL EXPENSES DURING 2017. MCDC IS NO LONGER SUBJECT TO EXAMINATIONS BY FEDERAL TAX AUTHORITIES FOR YEARS BEFORE 2014. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS -75,682. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS 75,682. PART X, LINE 2: MCDC 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, 2017. MCDC IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE IRS. MCDC HAS ALSO ELECTED TO BE GOVERNED BY SECTION 501(H) OF THE INTERNAL REVENUE CODE. SECTION 501(H) LIMITS MCDC'S LOBBYING EXPENDITURES TO SPENDING CEILINGS BASED ON A PERCENTAGE OF MCDC'S TOTAL EXEMPT PURPOSE EXPENDITURES WITH A MAXIMUM OF $1 MILLION DOLLARS PER YEAR. MCDC'S TOTAL LOBBYING EXPENDITURES WERE 0.25% OF TOTAL EXPENSES DURING 2017. MCDC IS NO LONGER SUBJECT TO EXAMINATIONS BY FEDERAL TAX AUTHORITIES FOR YEARS BEFORE 2014. 1 NATIVE AMERICAN COMMUNITY DEVELOPMENT CORPORATION 101 PATA STREET BROWNING MT 59417 841566558 501(C)(3) 21000 UNRESTRICTED SUPPORT OF ORGANIZATIONS EXEMPT PURPOSE SUPPORT ACQUISITION OF ADDITIONAL FINANCING FOR CONSTRUCTION. 1 PART I, LINE 2: GRANTS TO ORGANIZATIONS ARE USED TO SUPPORT OUR CLIENT'S SUCCESS. THE ASSET MANAGEMENT/CONSULTING TEAM OVERSEES THE GRANT PROCESS AND DEPLOYS THEM AS DEEMED NECESSARY AND USEFUL TO HELP OUR CLIENT'S SUCCEED. THE GRANTS ARE TRACKED IN OUR ACCOUNTING SYSTEM AND VIA SPREADSHEET AND COMPARISONS BETWEEN THE ESTIMATED GRANT AMOUNT AND ACTUAL AMOUNT ARE COMPLETED PERIODICALLY. X 1 1 X X X 0 0 0 0 0 0 0 1 0 DAVE GLASER PRESIDENT 282272 0 0 0 0 0 10800 0 19391 0 312463 0 0 0 RICK ENEAS CONTROLLER 140616 0 0 0 0 0 5624 0 5835 0 152075 0 0 0 BEN WRIGHT IDAHO BUSINESS 86304 0 50000 0 0 0 4823 0 9807 0 150934 0 0 0 BETSY BEAUVAIS DIRECTOR OF LENDING 129815 0 0 0 0 0 4200 0 19043 0 153058 0 0 0 HEIDI DEARMENT VICE PRESIDENT 283114 0 0 0 0 0 10800 0 18037 0 311951 0 0 0 SARAH FITZGERALD NMTC DIRECTOR 150480 0 0 0 0 0 6000 0 8172 0 164652 0 0 0 PART I, LINE 1A MONTANA CDC 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 2017 W-2S. PART I, LINE 7 AMOUNTS IN COLUMN B(II) REPRESENTS BONUS PAYMENTS. THESE AMOUNTS WERE APPROVED BY THE BOARD AND INCLUDED IN THE INDIVIDUALS' W-2'S FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS MADE UP OF COMMUNITY MEMBERS AS APPROVED BY THE BOARD OF DIRECTORS. 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 EXPLANATION THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT. 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