Mwfy Nmtc Holdings
- Assets
- $15.2m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, OR
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 47-2529103
Organization Overview
Mwfy Nmtc Holdings is located in Albany, OR. The organization was established in 2016. According to its NTEE Classification (N19) the organization is classified as: Support N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mwfy Nmtc Holdings 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, Mwfy Nmtc Holdings generated $7.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $443.6k during the year ending 12/2021. 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
MFWY NMTC HOLDINGS WAS ORGANIZED TO BE OPERATED EXCLUSIVELY TO SUPPORT THE MISSION OF MID-WILLAMETTE FAMILY YMCA, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING THE MID-WILLAMETTE FAMILY YMCA, INC. THROUGH CONSTRUCTION AND LEASE OF A NEW YMCA FACILITY. MWFY NMTC HOLDINGS WAS INITIALLY FORMED TO FACILITATE A NEW MARKETS TAX CREDIT (NMTC) FOR THE MID-WILLAMETTE FAMILY YMCA, INC. DURING THE YEAR ENDED DECEMBER 31, 2021, THE SEVEN YEAR REQUIRED NMTC TRANSACTION CONCLUDED AND WAS UNWOUND. THE UNWINDING INCLUDED FORGIVENESS OF TWO NOTES PAYABLE AGGREGATING $8,000,000. THE LOAN FORGIVENESS WAS RECORDED AS INCOME, NET OF LOAN FEES OF $256,009 (TOTAL INCOME OF $7,743,991).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Kalberer Secretary | OfficerTrustee | 1 | $0 |
Kristal Dufour President | OfficerTrustee | 5 | $0 |
Jerry Mcintosh Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| 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 | $7,743,991 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,612 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $435,960 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $443,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $15,192,824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,192,824 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $15,192,824 |
| 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 | $15,192,824 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mwfy Nmtc Holdings has recieved totaling $10,650,799.
| Awarding Organization | Amount |
|---|---|
Mid-Willamette Family Ymca Inc Albany, OR PURPOSE: AS PART OF THE STATE NMTC TRANSACTION, THE MID-WILLAMETTE FAMILY YMCA CONTRIBUTED THE NEW FACILITY, AND THE LAND IT SITS ON, IN EXCHANGE FOR A GROUND LEASE IN THE AMOUNT OF $6,471,600. THE DIFFERENCE BETWEEN THE BOOK VALUE OF THE LAND AND BUILDING AND THE CONSIDERATION RECEIVED BY MWFY NMTC HOLDINGS IS CONSIDERED THE VALUE OF THE NON-CASH ASSISTANCE. | $10,650,799 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Silicon Valley Bicycle Coalition San Jose, CA | $1,517,715 | $1,801,397 |
Mt Hood Ski Education Foundation Inc Government Camp, OR | $770,438 | $1,092,598 |
The San Jose Sports Authority San Jose, CA | $687,222 | $607,370 |
Mwfy Nmtc Holdings Albany, OR | $15,192,824 | $7,743,991 |
Idaho Ski Areas Association Boise, ID | $189,621 | $331,756 |
Northwest Trail Alliance Inc Portland, OR | $386,604 | $400,749 |
Bike Clark County Vancouver, WA | $133,285 | $235,636 |
Northshore Athletic Fields Woodinville, WA | $176,603 | $0 |
Sea Otter Classic Foundation Inc Monterey, CA | $114,259 | $0 |
Nick Pasquale Foundation San Clemente, CA | $92,612 | $0 |
Big Star Ranch Inc Molalla, OR | $8,139 | $0 |
Nevada Gay Rodeo Association Ngra Las Vegas, NV | $69,490 | $0 |