Overview
What is Northwest Native Development Fund?
The Northwest Native Development Fund, located in Coulee Dam, Washington, is a nonprofit organization dedicated to promoting economic and financial independence among Native people. During 2022, they disbursed a total of $2,854,676 through various loans, including small business, commercial, home, consumer, mercy, and judgment loans. Their mission is to empower Native individuals by offering financial and entrepreneurial education and providing access to capital through innovative lending products. The organization operates with a team of six dedicated professionals.
Official website here: www.thenndf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
The Northwest Native Development Fund has achieved a solid score of 81%, which reflects a strong focus on accountability and financial management, as indicated by its Three-Star rating. This rating is based entirely on its Accountability & Finance score, highlighting the charity's commitment to ethical practices and financial transparency.
Strengths of the organization include a perfect score for its audited financial statements, indicating strong compliance and oversight. Additionally, the charity has implemented comprehensive policies such as conflict of interest and whistleblower policies, which further enhance its credibility and operational integrity. The organization demonstrates a healthy financial structure, evidenced by a low liabilities to assets ratio of 29.17% and a high program expense ratio of 79.26%, ensuring that a significant portion of its funds directly supports its programs.
However, while the organization shows strengths in financial accountability, the reliance on a single beacon score may limit the overall assessment of its impact and effectiveness in achieving its mission. Overall, the Northwest Native Development Fund's rating suggests a responsible and well-managed nonprofit, though potential donors may wish to seek additional information about its programmatic outcomes and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Northwest Native Development Fund legitimate?
Northwest Native Development Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwest Native Development Fund 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: $282,336
Professional Fundraising Fees: $0
Other Salaries and Wages: $138,426
For more financial information, click here
Official website here: www.thenndf.org
What is the mission statement of Northwest Native Development Fund?
The Northwest Native Development Fund's mission is to promote economic and financial independence for Native people. To achieve this, the organization provides financial and entrepreneurial education and offers creative lending products to assist in the development of personal assets. By doing so, they aim to provide access to capital, helping Native individuals become financially self-sufficient. In 2022, the organization disbursed loans totaling $2,854,676, supporting various types of loans, including small business, commercial, home, consumer, mercy, and judgment loans.
Official website here: www.thenndf.org
What is the revenue of Northwest Native Development Fund?
Northwest Native Development Fund's revenue in 2023 was $2,358,245.
Official website here: www.thenndf.org
Who are the executives of Northwest Native Development Fund and what are their salaries?
The average compensation at Northwest Native Development Fund during 2023 was $70,127. There are 6 employees at Northwest Native Development Fund.
Here are 8 key members and their salaries:
- Compensation: $3,150
- Related: $0
- Other: $0
- Compensation: $2,850
- Related: $0
- Other: $0
- Compensation: $2,650
- Related: $0
- Other: $0
- Compensation: $77,450
- Related: $0
- Other: $0
- Compensation: $2,450
- Related: $0
- Other: $0
- Compensation: $91,103
- Related: $0
- Other: $3,286
- Compensation: $75,866
- Related: $0
- Other: $3,004
- Compensation: $92,656
- Related: $0
- Other: $3,620
Official website here: www.thenndf.org
Where can I find the form 990 for Northwest Native Development Fund?
Northwest Native Development Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thenndf.org
Learn more at the official website: www.thenndf.org
Mission Statement of Northwest Native Development Fund
The Northwest Native Development Fund is dedicated to fostering economic and financial independence among Native people. To achieve this goal, the organization focuses on two primary areas: financial and entrepreneurial education, and providing access to capital through innovative lending products. By offering these services, the Northwest Native Development Fund aims to assist Native individuals in developing their personal assets, thereby promoting self-sufficiency and financial stability.
In 2022, the organization demonstrated its commitment to this mission by making 58 loans totaling $2,854,676. These funds were disbursed through various loan types, including 12 small business loans, 2 commercial loans, 3 home loans, 35 consumer loans, 5 mercy loans, and 1 judgment loan. This diverse range of loans indicates that the Northwest Native Development Fund caters to a broad spectrum of financial needs, ensuring that Native people have the necessary resources to build their businesses, purchase homes, and manage their personal finances effectively. By providing these financial services, the Northwest Native Development Fund plays a crucial role in empowering Native communities to achieve financial independence.
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Impact
October, 2024
Northwest Native Development Fund has made a significant impact on fostering economic and financial independence for Native people. In 2022, the organization facilitated 58 loans totaling $2,854,676, which encompassed various lending types, including 12 small business loans, 2 commercial loans, 3 home loans, and a total of 35 consumer loans. Additionally, they provided 5 mercy loans and 1 judgment loan, showcasing their commitment to diverse financial support options.
Through these efforts, the organization assists individuals in developing personal assets while emphasizing financial and entrepreneurial education. By providing access to capital through innovative lending products, Northwest Native Development Fund plays a crucial role in empowering Native communities, enhancing financial literacy, and promoting entrepreneurship, ultimately driving economic growth and stability in the region.
This information is meant to be a general summary of Northwest Native Development Fund. 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 2023.
- Investment Income: $26,405
- Program Service Revenue: $554,752
- Gross Receipts: $2,671,149
Assets and Liabilities:
- Total Assets: $14,910,017
- Total Liabilities: $4,349,668
- Net Assets: $10,560,349
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST AND FEES
Revenue
$475,720
CONTRACT REVENUE
Revenue
$79,032
Organization Details
Founding Year
2008
Principal Officer
Jordan Ruiz
Website
www.thenndf.orgNTEE Category
Code: P20 - Human services
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