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Cook Inlet Lending Center

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

EIN: 920177969 ✦ Anchorage, AK ✦ Designated as a 501(c)(3)

Overview

What is Cook Inlet Lending Center?

Cook Inlet Lending Center is a nonprofit organization situated in Anchorage, Alaska, with a specific focus on assisting low-income individuals, particularly those of American Indian/Alaska Native descent. The center offers lending products and services to help eligible applicants finance a home within the Cook Inlet region through mortgage down payments or second mortgages secured by a deed of trust on the property. Established to promote financial accessibility, Cook Inlet Lending Center operates with a team of 17 dedicated individuals, demonstrating its commitment to supporting local communities in the region.


Is Cook Inlet Lending Center legitimate?

Cook Inlet Lending Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cook Inlet Lending Center 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,179,855

For more financial information, click here


What is the mission statement of Cook Inlet Lending Center?
Who is the CEO of Cook Inlet Lending Center?
What is the revenue of Cook Inlet Lending Center?
Who are the executives of Cook Inlet Lending Center and what are their salaries?
Where can I find the form 990 for Cook Inlet Lending Center?

Mission Statement of Cook Inlet Lending Center

Cook Inlet Lending Center is a nonprofit organization with a mission to promote and provide lending products and services to low-income individuals, primarily those of American Indian/Alaska Native descent. Established in the Cook Inlet region, this nonprofit entity aims to make homeownership more accessible for eligible applicants by offering mortgage down payment assistance or second mortgages secured by a deed of trust on the property. By doing so, Cook Inlet Lending Center seeks to contribute to the financial well-being of the communities it serves, providing an essential resource for those who might otherwise struggle to finance a home.

Impact

This information is meant to be a general summary of Cook Inlet Lending Center. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Cook Inlet Lending Center's impact lies in its provision of lending products and services to low-income individuals, particularly those of American Indian/Alaska Native descent in the Cook Inlet region. By offering programs such as the Home Buyer Loan Program, which assists eligible applicants in financing a home through mortgage down payment or second mortgage options, Cook Inlet Lending Center plays a crucial role in promoting homeownership and financial stability within the community. This organization's work directly contributes to improving the lives of individuals and families by giving them access to housing opportunities and financial resources that may have otherwise been out of reach.





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: $507,068
  • Program Service Revenue: $0
  • Gross Receipts: $2,983,120

    • Assets and Liabilities:
  • Total Assets: $29,170,429
  • Total Liabilities: $13,802,383
  • Net Assets: $15,368,046
  • Organization Details

    Founding Year

    2001

    Principal Officer

    Clayton Bourne

    Main Address

    3600 SPENARD ROAD 100, ANCHORAGE, AK, 99503

    NTEE Category

    Code: S32 - Community improvement

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