2016-04-01T17:13:12-05:00 2015-06-30 930900579 MCDONALD JACOBS PC 520 SW YAMHILL ST STE 500 PORTLAND OR 97204 990 2014-07-01 800516996 INNOVATIVE CHANGES INNO 5032495205 2027 LLOYD CENTER PORTLAND OR 97232 NANCY YUILL EXECUTIVE DIRECTOR 5032495205 2016-03-24 1 SANG AHN P00540880 5032270581 2014 2016-08-17 19:52:53Z X NANCY YUILL 2027 LLOYD CENTER PORTLAND OR 97232 469457 0 X WWW.INNOVATIVECHANGES.ORG X 2009 OR INNOVATIVE CHANGES HELPS PEOPLE BUILD THEIR LONG TERM FINANCIAL HEALTH. 6 6 8 56 0 0 130215 394473 59280 74810 69 174 0 0 189564 469457 0 0 0 0 217304 256101 0 0 19189 107257 109505 324561 365606 -134997 103851 404577 403166 172983 67722 231594 335444 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 80311 13592 '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 2015 WE HAVE ORIGINATED 795 SMALL DOLLAR LOANS, INCLUDING 420 OPPORTUNITY LOANS, 320 CREDIT BUILDER LOANS, 29 EMERGENCY LOANS, 19 LOANS FOR SURVIVORS OF DOMESTIC VIOLENCE AND 7 LOANS FOR ADAPTIVE TECHNOLOGY. 97064 23368 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 2015 WE HELPED OVER 1,000 ADULTS AND 350 YOUTH MAKE REAL BEHAVIOR CHANGE IN THEIR FINANCIAL CAPABILITIES. 69955 37850 CREDIT BUILDING - WE HELPED OVER 320 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 677 AFTER ONE YEAR WITH US. IF A BORROWER HAS A LOW SCORE WHEN THEY START WITH US THEY USUALLY GAIN 42 POINTS AFTER WORKING WITH US FOR ONE YEAR. 66674 ASSET BUILDING-OUR MATCHED SAVINGS PROGRAM MOBILIZES STATE AND FEDERAL FUNDS TO ACCELERATE OUR SAVERS' INVESTMENT IN POST SECONDARY EDUCATION. WE HAVE 105 SAVERS IN THE PROGRAM AND 9 GRADUATES. 66674 314004 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 0 1 2 0 8 1 0 0 0 0 0 1 1 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 OR X NANCY YUILL 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 PRASHANT VARMA 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 NANCY YUILL EXECUTIVE DIRECTOR 40.00 X 63000 0 8508 63000 0 8508 0 0 0 0 0 394473 394473 IDA PROGRAM FEES 522291 37850 37850 TRAINING CONTRACTS 522291 23368 23368 LOAN FEES AND INTEREST 522291 13592 13592 74810 174 174 469457 74810 0 174 71507 60119 7124 4264 142210 119561 14168 8481 3737 3142 372 223 20505 17239 2043 1223 18142 15253 1807 1082 99 85 9 5 7770 6708 696 366 1543 1332 138 73 1684 1452 152 80 17540 15522 1164 854 27259 23495 2466 1298 6882 6272 400 210 5036 5036 3868 3252 385 231 2514 2167 227 120 PROGRAM COSTS 14745 14014 77 654 BAD DEBT 13089 13089 OTHER EXPENSES 5996 4786 1185 25 PROGRAM LICENSES & FEES 1480 1480 365606 314004 32413 19189 1193 67033 360211 177678 82185 1205 11912 40477 50068 8167 22861 16738 1491 6123 404577 403166 10462 11014 95161 0 50000 25000 17360 31708 172983 67722 X 164581 189335 92185 67013 53924 231594 335444 404577 403166 103851 0 X X 1 X 0 1 0 X 299925 165486 441900 130215 394473 1431999 299925 165486 441900 130215 394473 1431999 127558 1304441 245 685 387 69 174 1560 2019 492 2511 1436070 230549 0.90830 0.88980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8411 8191 220 14450 8547 5903 6123 LOAN SECURITY HOLDBACK 31708 31708 X 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