2017-05-12T12:01:10-05:00 2016-06-30 930900579 MCDONALD JACOBS PC 520 SW YAMHILL ST STE 500 PORTLAND OR 97204 990 2015-07-01 800516996 INNOVATIVE CHANGES INNO 5032495205 2027 LLOYD CENTER PORTLAND OR 97232 ROSANNE MARMOR BOARD CHAIR 5032495205 2017-05-11 1 SANG AHN P00540880 5032270581 2015 2021-01-29 14:40:06Z ROSANNE MARMOR 2027 LLOYD CENTER PORTLAND OR 97232 422668 0 X WWW.INNOVATIVECHANGES.ORG X 2009 OR INNOVATIVE CHANGES HELPS PEOPLE BUILD THEIR LONG TERM FINANCIAL HEALTH. 7 7 8 92 0 0 394473 339431 74810 82519 174 718 0 0 469457 422668 0 0 0 0 256101 301338 0 0 25722 109505 121197 365606 422535 103851 133 403166 662074 67722 326497 335444 335577 X OUR MISSION IS TO HELP PEOPLE BUILD THEIR LONG-TERM FINANCIAL HEALTH. OUR VISION IS A SOCIETY WHERE ALL PEOPLE HAVE ACCESS TO SAFE, AFFORDABLE FINANCIAL PRODUCTS AND SERVICES AND THE ABILITY TO USE THEM WELL. OUR GUIDING PRINCIPLES WORK TO ADVANCE ECONOMIC JUSTICE FOR THOSE DISENFRANCHISED AND EXCLUDED BY THE MAINSTREAM FINANCIAL SERVICES SECTOR, CELEBRATE THE DIVERSE CULTURES OF OUR COMMUNITIES BY IMPLEMENTING CULTURALLY RESPONSIVE PROGRAMMING AND WE COMMIT TO BUILDING A STRONG, FINANCIALLY SUSTAINABLE ORGANIZATION. 0 0 78446 13149 LENDING - PROVIDE RESPONSIBLE SMALL-DOLLAR CONSUMER LOANS TO HELP BORROWERS WHO ARE EXPERIENCING FINANCIAL EMERGENCIES, THOSE WISHING TO PAY DOWN OTHER HIGH-COST DEBT AND THOSE PREPARING FOR ASSET BUILDING OPPORTUNITIES. SINCE OUR INCEPTION IN EARLY 2010 THROUGH FISCAL YEAR 2016 WE HAVE ORIGINATED 952 SMALL DOLLAR LOANS, INCLUDING 462 OPPORTUNITY LOANS, 428 CREDIT BUILDER LOANS, 29 EMERGENCY LOANS, 21 LOANS FOR SURVIVORS OF DOMESTIC VIOLENCE, 5 LOANS FOR MOVING COSTS FOR SECTION 8 HOUSING CHOICE VOUCHER HOLDERS, AND 7 LOANS FOR ADAPTIVE TECHNOLOGY. 119764 14678 FINANCIAL EDUCATION - WE PROVIDE PRACTICAL, COMPREHENSIVE FINANCIAL WORKSHOPS AND COACHING THAT HELPS HOUSEHOLDS TAKE CONTROL OF THEIR FINANCES AND DEVELOP POSITIVE SPENDING AND SAVINGS HABITS. IN FISCAL YEAR 2016 WE HELPED OVER 1,662 ADULTS AND 87 YOUTH MAKE REAL BEHAVIOR CHANGE IN THEIR FINANCIAL CAPABILITIES. 80133 54692 CREDIT BUILDING - WE HELPED OVER 428 CLIENTS TAKE CONTROL OF THEIR CREDIT AND BUILD STRONG CREDIT SCORES TO INCREASE THEIR ACCESS TO WELL-PRICED ASSET-CREATING CREDIT, SUCH AS HOME MORTGAGES, SMALL BUSINESS LOANS AND HIGHER EDUCATION LOANS. OUR COACHING AND CREDIT BUILDER LOANS HELP PEOPLE WITH NO CREDIT SCORE ESTABLISH A SOLID BASIS FOR RESPONSIBLE BORROWING, AND THEY AVERAGE A SCORE OF 665 AFTER ONE YEAR WITH US. IF A BORROWER HAS A LOW SCORE WHEN THEY START WITH US, THE AVERAGE SCORE INCREASE OVER ONE YEAR IS 27 POINTS. 80684 ASSET BUILDING - OUR MATCHED SAVINGS PROGRAM MOBILIZES STATE AND FEDERAL FUNDS TO ACCERLERATE OUR SAVERS' INVESTMENT IN POST SECONDARY EDUCATION. WE HAVE 100 SAVERS IN THE PROGRAM AND 30 GRADUATES. 80684 359027 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 OR X CYNTHIA WINTER 5032495205 2027 LLOYD CENTER PORTLAND OR 97232 ROSANNE MARMOR PRESIDENT 1.00 X X 0 0 0 AMY YOUNGFLESH SECRETARY/TREASURER 1.00 X X 0 0 0 KIM READ DIRECTOR 1.00 X 0 0 0 SARAH CHENVEN DIRECTOR 1.00 X 0 0 0 FELICIA TRIPP-FOLSOM DIRECTOR 1.00 X 0 0 0 KEVORK ISIKBAY DIRECTOR 1.00 X 0 0 0 DAVID FOSTER DIRECTOR 1.00 X 0 0 0 NANCY YUILL EXECUTIVE DIRECTOR 40.00 X 73960 0 0 73960 0 0 0 0 0 0 0 339431 339431 IDA PROGRAM FEES 522291 54692 54692 TRAINING CONTRACTS 522291 14678 14678 LOAN FEES AND INTEREST 522291 13149 13149 82519 718 718 422668 82519 0 718 73960 62680 7255 4025 172451 146148 16917 9386 5663 4799 556 308 28119 23831 2758 1530 21145 17920 2074 1151 5755 4960 521 274 20079 17307 1816 956 822 805 11 6 16777 14737 1232 808 33441 28823 3026 1592 7305 6296 661 348 5576 5576 3429 2906 336 187 3150 2715 285 150 PROGRAM COSTS 17010 15904 308 798 OTHER EXPENSES 6679 2446 30 4203 BAD DEBT 1174 1174 422535 359027 37786 25722 67033 85801 177678 427902 82185 75000 11912 9137 50068 50563 8167 8477 25361 20167 6123 5194 403166 662074 11014 5934 0 258850 25000 25000 31708 36713 67722 326497 X 189335 204949 92185 77878 53924 52750 335444 335577 403166 662074 133 0 X X 0 1 X 1 0 X 165486 441900 130215 394473 339431 1471505 165486 441900 130215 394473 339431 1471505 326437 1145068 685 387 69 174 718 2033 2019 492 2511 1476049 313068 0.77580 0.90830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10911 8786 2125 14450 11381 3069 5194 LOAN SECURITY HOLDBACK 36713 36713 X 422668 0 422668 0 422668 422535 0 422535 0 422535 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE PROVISIONS OF FASB ASC TOPIC ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS TOPIC. FORM 990, PART VI, SECTION B, LINE 11 THE TREASURER AND THE EXECUTIVE DIRECTOR REVIEW IT BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REVIEWED ANNUALLY WITH ALL MEMBERS OF THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS DETERMINED BY THE BOARD OF DIRECTORS AS PART OF HER PERFORMANCE REVIEW ALONG WITH USE OF CAMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.