Overview
What is Community Development Financial Institution - Tohono O'Odham Nation?
Community Development Financial Institution - Tohono O'Odham Nation is a nonprofit organization situated in Sells, Arizona. Their primary focus is on providing financial assistance and loans for eligible improvements, equipment purchases, and business operations within the Nation. They also offer short-term loans to employees of various departments and organizations within the Nation, along with home renovation loans for use on the Nation. Furthermore, they provide technical assistance in financial, business, and economic development to support new businesses and improve personal financial stability, offering premier educational and loan services.
Official website here: www.cdfiton.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Community Development Financial Institution - Tohono O'Odham Nation has received a Three-Star rating, indicating a decent level of accountability and financial health. The overall score of 79% is derived solely from its Accountability & Finance category, which reflects the organization’s commitment to responsible financial management and transparency. Key strengths include a complete score for its material diversion of assets and strong audit and oversight practices.
However, the organization has some notable limitations, particularly in its governance structure. It lacks independent board members, scoring zero out of eight points in that area, and the independent board size is also rated poorly. Furthermore, while the program expense ratio is commendable, the nonprofit did not post its tax forms on its website, which is a requirement for full transparency.
Compensation for key personnel appears reasonable, with the CEO earning $83,888 and the COO $75,591, reflecting a commitment to fair pay. Despite the strengths in financial oversight and policy adherence, the governance issues and lack of independent oversight highlight areas for potential improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Community Development Financial Institution - Tohono O'Odham Nation legitimate?
Community Development Financial Institution - Tohono O'Odham Nation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Development Financial Institution - Tohono O'Odham Nation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $157,890
Professional Fundraising Fees: $0
Other Salaries and Wages: $231,754
For more financial information, click here
Official website here: www.cdfiton.org
What is the mission statement of Community Development Financial Institution - Tohono O'Odham Nation?
The Community Development Financial Institution (CDFI) of the Tohono O'dham Nation is committed to fostering overall economic development. They achieve this by providing assistance to establish new businesses and improving the financial stability of individuals. This is done through their premier educational and loan services. The CDFI offers various loans for eligible improvements, business operation capital, short-term loans to employees, and home renovation loans within the Nation. Additionally, they provide technical assistance to help clients with financial, business, and economic development, aiming to establish new businesses.
Official website here: www.cdfiton.org
Who is the CEO of Community Development Financial Institution - Tohono O'Odham Nation?
Stanley Gilmore Ruiz is the Chief Executive Officer of Community Development Financial Institution - Tohono O'Odham Nation. The CEO's salary of Community Development Financial Institution - Tohono O'Odham Nation is $76,815 and their total compensation is $91,655.
Official website here: www.cdfiton.org
What is the revenue of Community Development Financial Institution - Tohono O'Odham Nation?
Community Development Financial Institution - Tohono O'Odham Nation's revenue in 2022 was $709,556.
Official website here: www.cdfiton.org
Who are the executives of Community Development Financial Institution - Tohono O'Odham Nation and what are their salaries?
The average compensation at Community Development Financial Institution - Tohono O'Odham Nation during 2022 was $48,706. There are 8 employees at Community Development Financial Institution - Tohono O'Odham Nation.
Here are 4 key members and their salaries (Community Development Financial Institution - Tohono O'Odham Nation's CEO's salary is $76,815 and their total compensation is $91,655):
- Compensation: $76,815
- Related: $0
- Other: $14,840
- Compensation: $64,085
- Related: $0
- Other: $14,344
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cdfiton.org
Where can I find the form 990 for Community Development Financial Institution - Tohono O'Odham Nation?
Community Development Financial Institution - Tohono O'Odham Nation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cdfiton.org
Learn more at the official website: www.cdfiton.org
Mission Statement of Community Development Financial Institution - Tohono O'Odham Nation
The Community Development Financial Institution - Tohono O'Odham Nation is committed to promoting overall economic development and providing assistance to new businesses. Their mission is twofold: firstly, they aim to improve personal financial stability through their premier educational and loan services. This is achieved by offering a variety of loans to eligible individuals for improvements, equipment purchases, and business operations within the Nation. Secondly, they provide technical assistance to help businesses establish themselves and thrive financially and economically. This organization plays a significant role in bolstering the financial well-being of its community members, empowering them to build sustainable businesses and improve their financial status.
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Impact
July, 2024
Community Development Financial Institution - Tohono O'Odham Nation has had a significant impact on the economic development and financial stability of the Tohono O'Odham Nation. By providing various types of financial assistance such as business loans, home renovation loans, and short-term loans, the institution has played a crucial role in supporting new businesses, improving personal financial stability, and fostering overall economic growth within the Nation. Additionally, through their educational and technical assistance programs, they have empowered business clients to establish successful ventures and contribute to the community's economic well-being. Overall, the institution's efforts have led to tangible improvements in the quality of life and economic prosperity of the Tohono O'Odham Nation.
This information is meant to be a general summary of Community Development Financial Institution - Tohono O'Odham Nation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $677,920
- Gross Receipts: $709,556
Assets and Liabilities:
- Total Assets: $21,599,261
- Total Liabilities: $109,492
- Net Assets: $21,489,769
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Interest
Revenue
$650,301
Loan Origination Fees
Revenue
$24,679
Program Services Fees
Revenue
$2,940
Organization Details
Founding Year
2004
Phone
(520) 383-0790Principal Officer
Stanley Gilmore Ruiz
Main Address
PO Box 3130, Sells, AZ, 85634
Website
www.cdfiton.orgNTEE Category
Code: S43 - Community improvement
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