2014-03-10T13:42:33-05:00 2013-06-30 930900579 MCDONALD JACOBS PC 520 SW YAMHILL ST STE 500 PORTLAND OR 97204 990 2012-07-01 800516996 INNOVATIVE CHANGES INNO 5032495205 2010 LLOYD CENTER MALL PORTLAND OR 97232 NANCY YUILL 5032495205 2014-03-06 1 SANG AHN P00540880 5032270581 2012 2015-11-30 17:44:51Z NANCY YUILL 2010 LLOYD CENTER MALL PORTLAND OR 97232 478623 0 X WWW.INNOVATIVECHANGES.ORG X 2009 OR TO HELP LOW-INCOME INDIVIDUALS AND FAMILIES, AND THOSE WHO OTHERWISE LACK ADEQUATE ACCESS TO CAPITAL AND/OR FINANCIAL SERVICES, MANAGE SHORT-TERM FINANCIAL NEEDS IN ORDER TO ACHIEVE AND MAINTAIN HOUSEHOLD STABILITY. 5 5 4 12 0 0 165486 441900 60510 35844 685 387 2019 492 228700 478623 0 0 0 0 183838 207347 0 0 16912 90333 112957 274171 320304 -45471 158319 413795 461364 205523 94773 208272 366591 X TO HELP LOW-INCOME INDIVIDUALS AND FAMILIES, AND THOSE WHO OTHERWISE LACK ADEQUATE ACCESS TO CAPITAL AND/OR FINANCIAL SERVICES, MANAGE SHORT-TERM FINANCIAL NEEDS IN ORDER TO ACHIEVE AND MAINTAIN HOUSEHOLD STABILITY. 0 0 98315 10100 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 2013 WE HAVE ORIGINATED 522 SMALL DOLLAR LOANS, INCLUDING 319 OPPORTUNITY LOANS, 160 CREDIT BUILDER LOANS, 29 EMERGENCY LOANS, 11 LOANS FOR SURVIVORS OF DOMESTIC VIOLENCE AND 3 LOANS FOR ADAPTIVE TECHNOLOGY. 72919 12186 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 2013 WE HELPED OVER 700 PARTICIPANTS MAKE REAL BEHAVIOR CHANGE IN THEIR FINANCIAL CAPABILITIES. 73422 3550 CREDIT BUILDING - WE HELPED OVER 200 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 37 POINTS AFTER WORKING WITH US FOR ONE YEAR. 45035 10500 ASSET BUILDING - IN ADDITION TO PROMOTING GOOD SAVINGS SKILLS AND HABITS, THE PROGRAM OFFERS MATCHED SAVINGS OPPORTUNITIES AND DIRECTS CLIENTS TO NONPROFIT ASSET-BUILDING PROGRAMS. "SECOND CHANCE" BANK ACCOUNTS AND SECURED REVOLVING CREDIT. OUR INDIVIDUAL DEVELOPMENT ACCOUNT PROGRAM FOR POST SECONDARY EDUCATION ASSISTED 40 SAVERS TO ACCESS MATCHING FUNDS TO PAY FOR SCHOOL TUITION. 45035 10500 289691 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 0 1 0 0 4 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 0 OR X NANCY YUILL 5032495205 2010 LLOYD CENTER MALL PORTLAND OR 97232 ROSANNE MARMOR 1.00 X X 0 0 0 AMY YOUNGFLESH 1.00 X X 0 0 0 ANGELA HARBIN 1.00 X 0 0 0 SARAH STEVENSON 1.00 X 0 0 0 FELICIA TRIPP-FOLSOM 1.00 X 0 0 0 NANCY YUILL 40.00 X 60000 0 8463 60000 0 8463 0 0 0 0 0 441900 441900 TRAINING CONTRACTS 522291 22195 22195 LOAN FEES AND INTEREST 522291 13649 13649 35844 387 387 MISCELLANEOUS 999999 492 492 492 478623 36336 0 387 69005 60998 3616 4391 99245 87730 5200 6315 4488 3967 235 286 18279 16158 958 1163 16330 14435 856 1039 582 533 21 28 14130 12928 515 687 6292 5757 229 306 643 586 24 33 8518 7770 321 427 27948 25503 1048 1397 1227 1120 46 61 4635 4229 174 232 3666 3241 192 233 2873 2621 108 144 PROGRAM COSTS 23687 23375 151 161 BAD DEBT 12388 12388 OTHER EXPENSES 5168 5152 7 9 PROGRAM LICENSES & FEES 1200 1200 320304 289691 13701 16912 31770 46694 239093 239618 85000 125000 11235 3071 39568 43518 14361 10898 7129 3463 413795 461364 6923 7274 135000 19000 50000 50000 13600 18499 205523 94773 X 123272 154421 85000 137170 75000 208272 366591 413795 461364 158319 0 X 1 X 0 0 0 X 216313 299925 165486 441900 1123624 216313 299925 165486 441900 1123624 272500 851124 54 245 685 387 1371 1124995 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14361 10898 3463 3463 LOAN SECURITY HOLDBACK 18499 18499 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 15A THE COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS DETERMINED BY THE BOARD OF DIRECTORS AS PART OF HER PERFORMANCE REVIEW. 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.