2013-05-13T13:46:46-05:00 2012-06-30 930900579 MCDONALD JACOBS PC 520 SW YAMHILL STE 500 PORTLAND OR 97204 990 2011-07-01 800516996 INNOVATIVE CHANGES INNO 5032495205 2010 LLOYD CENTER MALL PORTLAND OR 97232 NANCY YUILL 5032495205 2013-05-10 SANG AHN P00540880 5032270581 2011 2016-02-25 16:41:14Z X NANCY YUILL 2010 LLOYD CENTER MALL PORTLAND OR 97232 228700 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 6 15 0 0 299925 165486 15872 60510 245 685 0 2019 316042 228700 0 0 0 0 123683 183838 0 0 15910 89798 90333 213481 274171 102561 -45471 355963 413795 113717 205523 242246 208272 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 118785 14100 LOAN FUNDING - 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 2012 WE HAVE ORIGINATED 374 SMALL DOLLAR LOANS, INCLUDING 247 OPPORTUNITY LOANS, 89 CREDIT BUILDER LOANS, 29 EMERGENCY LOANS, 8 LOANS FOR SURVIVORS OF DOMESTIC VIOLENCE AND ONE LOAN FOR ADAPTIVE TECHNOLOGY. 56892 14536 FINANCIAL EDUCATION - PROVIDE PRACTICAL, COMPREHENSIVE FINANCIAL WORKSHOPS AND COACHING THAT HELPS HOUSEHOLDS TAKE CONTROL OF THEIR FINANCES AND DEVELOP POSITIVE SPENDING AND SAVINGS HABITS. SINCE OUR INCEPTION IN 2010 THORUGH FISCAL YEAR 2012 WE HAVE HELPED OVER 1.000 PARTICIPANTS MADE REAL BEHAVIOR CHANGE IN THEIR FINANCIAL CAPABILITIES. 46515 11893 CREDIT BUILDING - HELP 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 USUALLLY GAIN 37 POINTS AFTER WORKING WITH US FOR ONE YEAR. 22515 22000 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. 22515 22000 244707 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 0 1 0 0 6 1 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 THE ORGANIZATION 5032495205 2010 LLOYD CENTER MALL PORTLAND OR 97232 ROSANNE MARMOR 1.00 X X 0 0 0 ANGELA HARBIN 1.00 X X 0 0 0 SARAH STEVENSON 1.00 X 0 0 0 AMY YOUNGFLESH 1.00 X 0 0 0 FELICIA TRIPP-FOLSOM 1.00 X 0 0 0 SARAH CHENVEN 40.00 X 0 0 0 NANCY YUILL 40.00 X 60000 0 8744 60000 0 8744 0 0 0 0 0 165486 165486 PROGRAM SERVICE REVENU 522291 48429 48429 LOAN FEES AND INTEREST 522291 12081 12081 60510 685 685 MISCELLANEOUS 999999 2019 2019 2019 228700 62529 0 685 62791 43953 9419 9419 85558 83208 454 1896 1822 1822 12890 11984 361 545 20777 17965 1300 1512 1240 1240 7844 7525 137 182 7891 6957 400 534 320 292 12 16 4067 3634 235 198 17036 15550 637 849 1501 1366 58 77 2797 2553 105 139 2250 2250 4181 3817 156 208 3284 2997 123 164 PROGRAM COSTS 18119 17817 146 156 BAD DEBT 15716 15716 PROGRAM LICENSES AND FE 2326 2326 OTHER EXPENSES 1761 1735 11 15 274171 244707 13554 15910 60143 31770 57256 239093 185000 85000 280 11235 41974 39568 14361 7232 11310 7129 355963 413795 26711 6923 135000 75000 50000 12006 13600 113717 205523 X 57246 123272 185000 85000 242246 208272 355963 413795 X -45471 11497 X 1 0 0 X 0 X 216313 299925 165486 681724 216313 299925 165486 681724 681724 54 245 685 984 682708 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14361 7232 7129 7129 LOAN SECURITY HOLDBACK 13600 13600 FORM 990, PART VI, SECTION B, LINE 11 EXECUTIVE DIRECTOR REVIEWS IN DETAIL PRIOR TO FILING. THE BOARD TREASURER REVIEWS SUBSEQUENT TO FILING. ANY QUESTION, COMMENTS OR OBSERVATIONS ARE PRESENTED TO THE EXECUTIVE DIRECTOR FOR CLARIFICATION. COPIES ARE MADE AVAILABLE TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 EXECUTIVE DIRECTOR WILL REVIEW PRIOR TO FILING. TREASURER WILL REVIEW POST FILING. FORM 990, PART VI, SECTION B, LINE 12C POLICY REVIEWED ANNUALLY WITH EXECUTIVE DIRECTOR AND ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15A BOARD OFFICERS REVIEW COMPARABLE RATES FROM OTHER ORGAZNIZATIONS PUBLICALLY AVAILABLE FORM 990. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PRIOR PERIOD ADJUSTMENTS: 11,497.