2011-03-28T14:01:06-05:00 2010-06-30 ANDERSON ZURMUEHLEN & CO PC PO BOX 2368 MISSOULA MT 59806 990 2009-07-01 810500256 MONTANA COMMUNITY DEVELOPMENT CORP MONT 4067289234 110 EAST BROADWAY 2ND FLOOR MISSOULA MT 59802 DAVE GLASER 4067289234 2011-03-16 1 Shirlee Walker 4067217800 2011-03-16 2009 2016-02-24 21:20:13Z HARRY POETT 110 E BROADWAY 2ND FLOOR MISSOULA MT 59802 4221333 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 12 23 13 0 0 2161349 2434219 1519933 1779469 17317 41016 -60077 -33371 3638522 4221333 26193 14916 0 799789 1001692 0 0 1233737 1174387 2059719 2190995 1578803 2030338 11704084 14037533 6158719 6574928 5545365 7462605 MONTANA COMMUNITY DEVELOPMENT CORPORATION'S MISSION IS TO PROVIDE BUSINESS FINANCING THAT CAN TRANSFORM THE LIVES OF INDIVIDUALS AND STRENGTHEN COMMUNITY PROSPERITY. 0 0 1168965 1675534 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. TMF makes unsecured loans from members capital contributions. Lending related technical assistance is funded by grants and loan earnings. 417440 70564 Business Consulting: 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. Forest Business: This program's goal is to help businesses develop and improve products made from small diameter trees. This program includes the Smallwood Utilization News (an online newsletter) and TimberBuySell.com (a Web site of classifieds for North American timber buyers and sellers). In 2009, this program name was changed from Wood Products to Forest Business. In 2010, this program was combined with Business Consulting. 1586405 1 1 0 1 0 0 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 1 1 1 0 1 16 0 23 1 0 0 0 0 0 0 0 12 12 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 1 1 MT X SHAWNA KLEVEN 4067289234 110 E BROADWAY 2ND FLOOR MISSOULA MT 59802 STAN NICHOLSON 1.00 X 0 0 0 HARRY POETT 2.00 X X 0 0 0 CARLA NEIMAN 1.00 X 0 0 0 KIM ARNOT 1.00 X 0 0 0 JOHN T RILEY 1.00 X 0 0 0 KEN SENN 1.00 X X 0 0 0 NICHOLAS BABSON 1.00 X 0 0 0 JENNIFER KNOETGEN 1.10 X 0 0 0 COLLEEN RUDIO 2.00 X X 0 0 0 MARY STRANAHAN 1.00 X 0 0 0 ALAN TRONSON 1.00 X 0 0 0 GERMAINE WHITE 1.00 X 0 0 0 ROSALIE CATES 40.00 X 124950 0 0 DAVE GLASER 40.00 X 81697 0 0 206647 0 0 1 0 0 0 0 2000000 434219 2434219 DIRECT LOAN INTEREST 525990 642889 642889 NEW MARKET TAX CREDIT 900099 611975 611975 FEES FOR SERVICES 900099 291628 291628 DEBT FORGIVENESS INCOM 525990 146281 146281 LOAN ORIGINATION FEES 525990 61612 61612 25084 25084 1779469 41016 41016 TOWN AND COUNTRY 900099 9 9 MCM SUBSIDIARY 900099 -1 -1 THE MONTANA FUND 900099 -33379 -33379 -33371 4221333 1746098 0 41016 14916 14916 172800 172800 681254 556672 124582 20547 20547 54394 28605 25789 72697 47352 25345 5304 5304 82252 56137 26115 9250 9250 16600 1140 15460 42954 42954 59968 38886 21082 1080 1080 162004 162004 18642 18642 11806 5038 6768 LOAN LOSS PROVISIONS 381517 381517 PASS THROUH GRANTS 155415 153983 1432 CDE EXPENSES 0 TELEPHONE AND INTERNET 37603 107 37496 CONTRACT SERVICES 37601 12082 25519 152391 101035 51356 2190995 1586405 604590 0 22332 543699 694413 315000 124589 30855 6664039 7911065 19172 14964 302518 237596 28325 64922 4151214 5157028 11704084 14037533 95508 75444 60210 10000 5386154 4765756 616847 1723728 6158719 6574928 X 4804456 6733219 40000 28477 700909 700909 5545365 7462605 11704084 14037533 X 0 1 1 X 1 1 X 1048113 1031036 2393970 2001349 2424219 8898687 1048113 1031036 2393970 2001349 2424219 8898687 582477 8316210 31683 78893 83593 17260 41016 252445 9151132 4064446 0.90880 0.92820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9250 9250 2181745 2190995 259550 64888 0 0 252180 259550 511730 767595 181 9250 9431 63045 64888 127933 191900 181 181 302518 237596 64922 64922 COMMUNITY DEVELOPMENT TRUST STOCK 500 INTEREST RECEIVABLE 77997 DUE FROM OTHER AGENCIES 60078 RESTRICTED CASH 4969497 MONTANA FUND LLC 48956 5157028 ADVANCE NORTHWEST AREA FOUNDATION 119574 LINE OF CREDIT 150000 CURRENT PORTION ON LONG-TERM DEBT 1437353 PAYROLL TAX LIABILITY 16801 1723728 4221333 2190995 2030338 -113098 -113098 1917240 4108235 -113098 -113098 4221333 0 4221333 2190995 0 2190995 0 2190995 Part XI, Line 8 - Other Adjustments: PARTNERSHIP LOSS NOT REPORTED ON RETURN: -113098. Part XII, Line 2d - Other Adjustments: PARTNERSHIP LOSS: 33371. EQUITY LOSS IN AFFILIATES: -146469. Form 990, Part VI, Section B, line 11 THE FINANCE COMMITTEE REVEIWs 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 19 MCDC WILL POST A MESSAGE ON IT'S WEBSITE THAT DOCUMENTS ARE AVAILABLE UPON REQUEST. 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 -33371 251983 0 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 THE MONTANA FUND LLC Q 262005 THE MONTANA FUND LLC D 125178 THE MONTANA FUND LLC H 119574