Nacdc Financial Services Inc
- Assets
- $14.4m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 15
- Location
- Browning, MT
- Founding
- 04/2011
- Data as of
- 12/2023
- EIN
- 27-3156259
Organization Overview
Nacdc Financial Services Inc is located in Browning, MT. The organization was established in 2011. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Nacdc Financial Services Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nacdc Financial Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Nacdc Financial Services Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 41.4% each year . All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 22.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Nacdc Financial Services Inc has awarded 16 individual grants totaling $828,970. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ALTERNATIVE FINANCING OPPORTUNITY FOR NATIVE AMERICAN ENTREPRENEURS AND SMALL BUSINESSES IN COMMUNITIES IN AND NEAR INDIAN RESERVATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NACDC FINANCIAL SERVICES' ACCOMPLISHMENTS DURING 2023:LOANS CLOSED BY TYPE:35 CREDIT BUILDING LOANS ($393,125)27 CONSUMER LOANS ($465,394)412 SHORT-TERM LOANS ($463,650)WE PROVIDED PERSONALIZED BUSINESS TECHNICAL ASSISTANCE AND COUNSELING TO 221 BUSINESS OWNERS TOTALING 365.25 HOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Main Executive Dir. | Officer | 40 | $151,200 |
Sheila Herrera Director | Trustee | 2 | $0 |
Carla Lott Director | Trustee | 2 | $0 |
Jay Marcus Director | Trustee | 2 | $0 |
Luke Robinson Director | Trustee | 2 | $0 |
Maria Valandra Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,621,918 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,647,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,268,992 |
| Total Program Service Revenue | $677,509 |
| Investment income | $1,318 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,947,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $879,489 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $178,490 |
| Compensation of current officers, directors, key employees. | $178,490 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $516,086 |
| Pension plan accruals and contributions | $24,813 |
| Other employee benefits | $57,663 |
| Payroll taxes | $73,857 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,175 |
| Fees for services: Accounting | $149,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,026 |
| Advertising and promotion | $19,952 |
| Office expenses | $73,140 |
| Information technology | $12,680 |
| Royalties | $0 |
| Occupancy | $40,328 |
| Travel | $78,247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,107 |
| Interest | $161,243 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,685 |
| Insurance | $27,268 |
| All other expenses | $0 |
| Total functional expenses | $2,505,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,583,353 |
| Savings and temporary cash investments | $877,934 |
| Pledges and grants receivable | $820,113 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,244,220 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $609,252 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $219,575 |
| Total assets | $14,354,447 |
| Accounts payable and accrued expenses | $533,192 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $67,520 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $165,387 |
| Unsecured mortgages and notes payable | $6,529,803 |
| Other liabilities | $0 |
| Total liabilities | $7,295,902 |
| Net assets without donor restrictions | $7,058,545 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,354,447 |
Grants Awarded
Over the last fiscal year, Nacdc Financial Services Inc has awarded $741,470 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ARROW CREEK WELLNESS LLC PURPOSE: Workforce & Professional Dev'l | $10,000 |
BLACK HILLS COMM LOAN FUND PURPOSE: Workforce & Professional Dev'l | $206,805 |
AKIPTAN INC PURPOSE: Workforce & Professional Dev'l | $66,321 |
MONTANA NATIVE GROWTH FUND PURPOSE: Workforce & Professional Dev'l | $35,447 |
FOUR BANDS COMMUNITY FUND PURPOSE: Workforce & Professional Dev'l | $43,036 |
NATIVE AMERICAN DEVL CORP PURPOSE: Workforce & Professional Dev'l | $130,000 |