Wisconsin Native Loan Fund Inc is located in Lac Du Flambeau, WI. The organization was established in 2007. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Wisconsin Native Loan Fund Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Native Loan Fund 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 12/2021, Wisconsin Native Loan Fund Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $725.9k during the year ending 12/2021. While expenses have increased by 19.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WISCONSIN NATIVE LOAN FUND, INC. IS A CERTIFIED NATIVE AMERICAN COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI)LOOKING TO BETTER OUR COMMUNITY BY PROVIDING AFFORDABLE LENDING TO NATIVE AMERICANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TRIBAL MEMBERS WITH ACCESS TO MORTGAGE LENDING OPPORTUNITIES AND LOANS, AS WELL AS DOWN PAYMENT ASSISTANCE, AS IT SEEKS TO INCREASE THE FINANCIAL SELF-SUFFICIENCY OF WISCONSIN NATIVE AMERICAN COMMUNITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Gouwens Chief Operating Officer | Officer | 40 | $67,527 |
Fern Orie Director | OfficerTrustee | 1 | $66,420 |
Jeffery Johnson Chairman | Officer | 1 | $0 |
Cheryl Cloud Secretary | Officer | 1 | $0 |
Joseph Montano Sr Treasurer | Officer | 1 | $0 |
Randy Cadotte Vice Chairman | Officer | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,107,442 |
Noncash contributions included in lines 1a–1f | $8,400 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,107,442 |
Total Program Service Revenue | $329,185 |
Investment income | $0 |
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 | $1,436,627 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $27,604 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $398,834 |
Compensation of current officers, directors, key employees. | $225,569 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $21,003 |
Office expenses | $23,875 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $35,591 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $54,765 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,244 |
Insurance | $6,495 |
All other expenses | $111,874 |
Total functional expenses | $725,905 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,536,048 |
Savings and temporary cash investments | $79,622 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $4,976 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,040,556 |
Total assets | $5,661,202 |
Accounts payable and accrued expenses | $21,018 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $2,015,776 |
Total liabilities | $2,036,794 |
Net assets without donor restrictions | $2,979,695 |
Net assets with donor restrictions | $644,713 |
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 | $5,661,202 |
Over the last fiscal year, we have identified 5 grants that Wisconsin Native Loan Fund Inc has recieved totaling $104,596.
Awarding Organization | Amount |
---|---|
First Nations Oweesta Corporation Longmont, CO PURPOSE: TECH GRANT | $59,509 |
Greater Green Bay Community Foundation Inc Green Bay, WI PURPOSE: HUMAN SERVICES PROGRAM SUPPORT | $20,000 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT | $15,000 |
First Nations Development Institute Longmont, CO PURPOSE: ECONOMIC DEVELOPMENT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $87 |
Organization Name | Assets | Revenue |
---|---|---|
Energy Services Inc Madison, WI | $8,275,764 | $17,473,845 |
Heat And Warmth Fund Detroit, MI | $15,314,443 | $15,272,567 |
Walker Assisted Living Corp I Minnetonka, MN | $6,334,685 | $6,359,190 |
Neighborhood Lending Services Inc Chicago, IL | $30,819,021 | $4,912,824 |
Bickerdike Redevelopment Corporation Chicago, IL | $86,161,772 | $4,493,644 |
Project Home Inc Madison, WI | $5,333,055 | $4,173,429 |
National Faith Homebuyers Detroit, MI | $1,341,314 | $1,253,768 |
Wisconsin Native Loan Fund Inc Lac Du Flambeau, WI | $5,661,202 | $1,436,627 |
Energy Assistance Foundation Decatur, IL | $2,534,598 | $752,015 |
East Central Iowa Housing Trust Fund Cedar Rapids, IA | $351,251 | $389,643 |
Steele County Transitional Housing Inc Owatonna, MN | $278,166 | $480,776 |
Two Rivers Council Foundation Quincy, IL | $455,052 | $383,235 |