2012-10-24T11:00:27-05:00 2011-12-31 810385940 ANDERSON ZURMUEHLEN & CO PC PO BOX 2368 MISSOULA MT 59806 990 2011-01-01 810500256 MONTANA COMMUNITY DEVELOPMENT CORP MONT 4067289234 110 EAST BROADWAY 2ND FLOOR MISSOULA MT 59802 DAVE GLASER 4067289234 2012-10-18 1 PAUL SEPP P00577656 4067217800 2012-10-18 2011 2016-02-24 21:20:13Z NICHOLAS BABSON 110 E BROADWAY 2ND FLOOR MISSOULA MT 59802 5580835 0 X WWW.MTCDC.ORG X 1995 MT 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, MCDC HAS SERVED HUNDREDS OF ENTREPRENEURS WITH LOANS, CONSULTING AND TRAINING. THE BUSINESSES OUR CLIENTS CREATE HELP SUSTAIN THEIR LOCAL COMMUNITIES AND PROVIDE JOBS IN WESTERN MONTANA. MCDC OBTAINED CERTIFICATION AS COMMUNITY DEVELOPMENT ENTITIES (CDES) FOR TEN LIMITED LIABILITY COMPANIES IN WHICH MCDC IS THE MANAGING MEMBER. THESE ENTITIE'S MISSION IS TO PROVIDE LOANS, EQUITY INVESTMENTS, OR FINANCIAL SERVICES TO QUALIFIED BUSINESSES IN LOW-INCOME COMMUNITIES. OUR PRIMARY SERVICE AREA IS MISSOULA, RAVALLI, MINERAL, SANDERS AND SOUTHERN LAKE COUNTIES, BUT WE CAN WORK WITH ENTREPRENEURS THROUGHOUT THE STATE. MCDC IS AN EQUAL OPPORTUNITY LENDER AND EMPLOYER 12 11 25 7 0 0 993404 3767978 535733 1768494 23003 38047 -144158 6316 1407982 5580835 0 86338 0 0 504515 1197862 0 0 0 578793 1628489 1083308 2912689 324674 2668146 15433202 19058641 7501765 8483191 7931437 10575450 MONTANA COMMUNITY DEVELOPMENT CORPORATION'S MISSION IS TO PROVIDE BUSINESS FINANCING THAT CAN TRANSFORM THE LIVES OF INDIVIDUALS AND STRENGTHEN COMMUNITY PROSPERITY. 0 0 1756485 1689908 BUSINESS LOAN: 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, LOCAL GOVERNMENTS, AND PRIVATE ORGANIZATIONS. LENDING RELATED TECHNICAL ASSISTANCE IS FUNDED BY GRANTS AND LOAN EARNINGS. 457547 86338 86986 BUSINESS CONSULTING AND SPECIAL PROJECTS: STATE, FEDERAL, AND PRIVATE CONTRACT AND GRANT PROGRAMS PROVIDE TECHNICAL ASSISTANCE TO SMALL BUSINESSES. THIS PROGRAMS GOAL IS TO BUILD MANAGEMENT CAPACITY AMONG ENTREPRENEURS IN WESTERN MONTANA. 2214032 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 22 0 1 25 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 1 1 X SHAWNA KLEVEN 4067289234 110 E BROADWAY 2ND FLOOR MISSOULA MT 59802 HARRY POETT 2.00 X 0 0 0 CRAIG BIRGENHEIER 1.00 X 0 0 0 KEVIN ARNOT 1.00 X 0 0 0 BRUCE BUGBEE 1.00 X 0 0 0 TIM CHRISTENSEN 1.00 X 0 0 0 NICHOLAS BABSON 1.00 X 0 0 0 JENNIFER KNOETGEN 1.00 X 0 0 0 COLLEEN RUDIO 2.00 X 0 0 0 MARY STRANAHAN 1.00 X 0 0 0 NICOLE HAGERMAN MILLER 1.00 X 0 0 0 GERMAINE WHITE 1.00 X 0 0 0 DAVE GLASER 40.00 X X 120000 0 8647 HEIDI DEARMENT 40.00 X 100000 0 6329 SARAH FITZGERALD 40.00 X 66710 0 4685 MICA LINDSEY 40.00 X 63500 0 5095 SHAWNA KLEVEN 40.00 X 56000 0 2361 406210 0 27117 1 0 0 0 0 3381482 386496 3767978 FUND MANAGEMENT FEES 900099 894841 894841 DIRECT LOAN INTEREST 525990 676152 676152 FEES FOR SERVICES 900099 102411 102411 LOAN ORIGINATION FEES 525990 81303 81303 LOAN ADMIN FEES 525990 13787 13787 1768494 38047 38047 THE MONTANA FUND 900099 3653 3653 OTHER REVENUE 900099 2521 2521 MCM SUBSIDIARY CDE-1, 900099 58 58 84 84 6316 5580835 1774810 0 38047 86338 86338 406210 284347 121863 623706 453211 170495 21974 15846 6128 145972 107213 38759 13751 12621 1130 31072 31072 12000 12000 33366 19456 13910 38259 38259 28381 28381 22494 22494 80041 80041 103301 75151 28150 168240 168240 57231 57231 8477 298 8179 LOAN LOSS EXPENSE 546934 546934 LOAN LOSS PROVISION 183650 183650 NEW MARKET TAX CREDITS 72046 72046 SPECIAL PROJECTS EXPENS 59885 59885 169361 90537 78824 2912689 2214032 698657 0 6084861 2385107 450348 6865772 155087 307074 8486365 8985021 11676 20985 165582 75092 169668 90490 75197 404192 15433202 19058641 77788 127663 5899371 5934581 1524606 2420947 7501765 8483191 X 7210664 9557161 19864 761374 700909 256915 7931437 10575450 15433202 19058641 X 2668146 -24133 X X 0 1 1 X 1 1 X 2393970 2001349 2424219 993404 3767978 11580920 2393970 2001349 2424219 993404 3767978 11580920 529823 11051097 83593 17260 41016 23003 38047 202919 11783839 5779784 0.93780 0.90890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12000 12000 2900689 2912689 295634 73909 0 0 252180 259550 183331 295634 990695 1486043 181 9250 4500 12000 25931 63045 64888 45833 73909 247675 371513 181 181 165582 75092 90490 90490 ADVANCE NORTHWEST AREA FOUNDATION 26218 CURRENT PORTION ON LONG-TERM DEBT 2144185 DUE TO OTHER AGENCIES 250544 2420947 1 X PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: BUSINESS ADVISORS WORK CLOSELY WITH THE GRANT RECIPIENTS ON USE OF FUNDS; THEY WILL BE IN CONTACT WITH THE CLIENTS EVERY THREE WEEKS OR SO ON PROGRESS. ALL USE OF FUNDS HAVE TO BE APPROVED BEFORE RECIPIENTS ACTUALLY SPEND THE MONEY. FORM 990, PART VI, SECTION B, LINE 11 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 C, LINE 18 THE ORGANIZATIONS TAX RETURN IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 MCDC POST A MESSAGE ON ITS WEBSITE THAT DOCUMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PRIOR PERIOD ADJUSTMENTS: -29,958. LIMITED LIABILITY PARTNERSHIP DISTRIBUTIONS 9,619. BOOK DIFFERENCE FROM PARTNERSHIP INCOME -3,794. TOTAL TO FORM 990, PART XI, LINE 5: -24,133. THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. MONTANA FUND LLC 110 E BROADWAY ST FL 2 MISSOULA MT 59802 201112499 PROVIDING FINANCING TO ENTITIES THAT PROVIDE ECONOMIC STABILITY DE N/A RELATED 3653 26205 0 1 0.27120 MCM SUBSIDIARY CDE-1 LLC 110 E BROADWAY ST FL 2 MISSOULA MT 59802 263716954 PROVIDING INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES AND PERSONS MT N/A RELATED 58 1389 0 1 0.00010 TOWN AND COUNTRY CDE LLC 110 E BROADWAY ST FL 2 MISSOULA MT 59802 263717311 PROVIDING INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES AND PERSONS MT N/A RELATED 34 823 0 1 0.00010 BUTTE SEARS SUB CDE LLC 110 E BROADWAY ST FL 2 MISSOULA MT 59802 263717725 PROVIDING INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES AND PERSONS MT N/A RELATED 23 827 0 1 0.00010 PEAK HEALTH CDE-1 LLC 110 E BROADWAY ST FL 2 MISSOULA MT 59802 263717924 PROVIDING INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES AND PERSONS MT N/A RELATED 10 468 0 1 0.00010 PEAK HEALTH CDE-2 LLC 110 E BROADWAY ST FL 2 MISSOULA MT 59802 263717971 PROVIDING INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES AND PERSONS MT N/A RELATED 10 468 0 1 0.00010 BKBH SUB-CDE LLC 110 E BROADWAY ST FL 2 MISSOULA MT 59802 263717995 PROVIDING INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES AND PERSONS MT N/A RELATED 5 750 0 1 0.00010 STINGER WELDING SUB-CDE LLC 110 E BROADWAY ST FL 2 MISSOULA MT 59802 263718031 PROVIDING INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES AND PERSONS MT N/A RELATED 2 1696 0 1 0.00010 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MONTANA FUND LLC D 93375 FMV