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Northwest Native Development Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 264216937 ✦ Coulee dam, WA ✦ Designated as a 501(c)(3)

Overview

What is Northwest Native Development Fund?

The Northwest Native Development Fund, located in Coulee Dam, Washington, is a nonprofit organization dedicated to promoting economic and financial independence among Native people. During 2022, they disbursed a total of $2,854,676 through various loans, including small business, commercial, home, consumer, mercy, and judgment loans. Their mission is to empower Native individuals by offering financial and entrepreneurial education and providing access to capital through innovative lending products. The organization operates with a team of six dedicated professionals.


Official website here: www.thenndf.org

Is Northwest Native Development Fund legitimate?

Northwest Native Development Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwest Native Development Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $105,603
Professional Fundraising Fees: $0
Other Salaries and Wages: $214,740

For more financial information, click here


Official website here: www.thenndf.org

What is the mission statement of Northwest Native Development Fund?

The Northwest Native Development Fund's mission is to promote economic and financial independence for Native people. To achieve this, the organization provides financial and entrepreneurial education and offers creative lending products to assist in the development of personal assets. By doing so, they aim to provide access to capital, helping Native individuals become financially self-sufficient. In 2022, the organization disbursed loans totaling $2,854,676, supporting various types of loans, including small business, commercial, home, consumer, mercy, and judgment loans.


Official website here: www.thenndf.org

Who is the CEO of Northwest Native Development Fund?

Jordan Ruiz is the Chairman of Northwest Native Development Fund.


Official website here: www.thenndf.org

What is the revenue of Northwest Native Development Fund?

Northwest Native Development Fund's revenue in 2022 was $873,444.


Official website here: www.thenndf.org

Who are the executives of Northwest Native Development Fund and what are their salaries?

The average compensation at Northwest Native Development Fund during 2022 was $53,390. There are 6 employees and 3 volunteers at Northwest Native Development Fund.

Here are 6 key members and their salaries:

    Theodore Piccolo (Executive Director)
  • Compensation: $99,300
  • Related: $0
  • Other: $6,000

    • Kenneth Stanger (Chairman) [Trustee/Director]
  • Compensation: $1,000
  • Related: $0
  • Other: $0

    • Terry Payne (Vice Chair) [Trustee/Director]
  • Compensation: $800
  • Related: $0
  • Other: $0

    • Molly Morris-Hobrecht (Secretary) [Trustee/Director]
  • Compensation: $800
  • Related: $0
  • Other: $0

    • Kim Peone (Director)
  • Compensation: $400
  • Related: $0
  • Other: $0

    • Marina Turningrobe (Treasurer) [Trustee/Director]
  • Compensation: $200
  • Related: $0
  • Other: $0


  • Official website here: www.thenndf.org

    Where can I find the form 990 for Northwest Native Development Fund?

    The Northwest Native Development Fund’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.thenndf.org

    Learn more at the official website: www.thenndf.org

    Mission Statement of Northwest Native Development Fund

    The Northwest Native Development Fund is dedicated to fostering economic and financial independence among Native people. To achieve this goal, the organization focuses on two primary areas: financial and entrepreneurial education, and providing access to capital through innovative lending products. By offering these services, the Northwest Native Development Fund aims to assist Native individuals in developing their personal assets, thereby promoting self-sufficiency and financial stability.

    In 2022, the organization demonstrated its commitment to this mission by making 58 loans totaling $2,854,676. These funds were disbursed through various loan types, including 12 small business loans, 2 commercial loans, 3 home loans, 35 consumer loans, 5 mercy loans, and 1 judgment loan. This diverse range of loans indicates that the Northwest Native Development Fund caters to a broad spectrum of financial needs, ensuring that Native people have the necessary resources to build their businesses, purchase homes, and manage their personal finances effectively. By providing these financial services, the Northwest Native Development Fund plays a crucial role in empowering Native communities to achieve financial independence.

    Impact

    This information is meant to be a general summary of Northwest Native Development Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Northwest Native Development Fund has had a significant impact on fostering economic and financial independence for Native people. In 2022, the organization made 58 loans totaling $2,854,676 to support the growth and development of Native communities. These funds were disbursed through various types of loans, including small business loans, commercial loans, home and consumer loans, as well as mercy and judgment loans. By providing access to capital, financial and entrepreneurial education, the organization is empowering Native individuals to build personal assets and create economic opportunities for themselves and their communities.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,246
  • Program Service Revenue: $414,136
  • Gross Receipts: $891,049

    • Assets and Liabilities:
  • Total Assets: $14,910,017
  • Total Liabilities: $4,349,668
  • Net Assets: $10,560,349
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOAN INTEREST AND FEES

    Revenue

    $346,908

    CONTRACT REVENUE

    Revenue

    $67,228

    Organization Details

    Founding Year

    2008

    Principal Officer

    Jordan Ruiz

    Main Address

    PO BOX 154, COULEE DAM, WA, 99116

    NTEE Category

    Code: P20 - Human services

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