Overview
What is Nacdc Financial Services Inc?
Nacdc Financial Services Inc, based in Browning, Montana, is a nonprofit organization committed to supporting Native American entrepreneurs and small businesses. During 2022, they disbursed 698 loans worth $9,465,616, providing significant financial assistance. Moreover, they offered 595 hours of technical assistance to 384 clients, demonstrating their dedication to empowering these businesses. Their mission extends beyond finance, as they also assisted 281 families in their homeownership journeys and helped 593 families improve their financial capacity and education. With a team of 15 dedicated individuals, Nacdc Financial Services Inc plays a vital role in fostering economic growth within Native American communities.
Official website here: www.nacdcfinancialservices.org
What are the reviews and ratings of this charity?
88% rating from Charity Navigator results in a Three-Star out of Four Star rating for Nacdc Financial Services Inc. This score indicates a strong level of accountability and financial management, derived entirely from a single beacon score focusing on these aspects.
The organization demonstrates significant strengths, including a fully independent board, which contributes to its governance effectiveness, and a high program expense ratio of 73.48%, suggesting that a substantial portion of its resources is directed toward program activities. Additionally, the charity shows no material diversion of assets and has passed various criteria related to financial oversight.
However, there are limitations noted in the absence of certain policies such as a whistleblower policy and document retention procedures. While these factors detract slightly from the overall governance profile, the organization maintains solid financial practices and transparency as evidenced by its ratings.
This AI summary has been generated from information found on Charity Navigator.
Is Nacdc Financial Services Inc legitimate?
Nacdc Financial Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nacdc Financial Services Inc 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: $180,183
Professional Fundraising Fees: $0
Other Salaries and Wages: $514,518
For more financial information, click here
Official website here: www.nacdcfinancialservices.org
What is the mission statement of Nacdc Financial Services Inc?
Nacdc Financial Services Inc's mission is centered around providing alternative financing opportunities for Native American entrepreneurs and small businesses in communities situated near Indian Reservations. Their mission is accomplished through disbursing loans and offering technical assistance to help these businesses thrive. In 2022, they distributed 698 loans totaling $9,465,616 and offered 595 hours of technical assistance to 384 clients, supporting 103 business owners, 281 families in their homeownership journeys, and 593 families in enhancing their financial capacity and education.
Official website here: www.nacdcfinancialservices.org
Who is the CEO of Nacdc Financial Services Inc?
Andrea Main is the Executive Dir. of Nacdc Financial Services Inc.
Official website here: www.nacdcfinancialservices.org
What is the revenue of Nacdc Financial Services Inc?
Nacdc Financial Services Inc's revenue in 2022 was $2,671,836.
Official website here: www.nacdcfinancialservices.org
Who are the executives of Nacdc Financial Services Inc and what are their salaries?
The average compensation at Nacdc Financial Services Inc during 2022 was $46,313. There are 15 employees and 8 volunteers at Nacdc Financial Services Inc.
Here are 9 key members and their salaries:
- Compensation: $151,200
- Related: $0
- Other: $28,983
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nacdcfinancialservices.org
Where can I find the form 990 for Nacdc Financial Services Inc?
Nacdc Financial Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nacdcfinancialservices.org
Learn more at the official website: www.nacdcfinancialservices.org
Mission Statement of Nacdc Financial Services Inc
Nacdc Financial Services Inc is dedicated to providing alternative financing opportunities for Native American entrepreneurs and small businesses situated in communities surrounding Indian Reservations. Their mission is centered around empowering these enterprises by offering them access to much-needed financial resources. In addition to loan disbursements, the organization also offers technical assistance, providing valuable guidance to a significant number of business owners. Beyond supporting the entrepreneurial sector, Nacdc Financial Services Inc also extends its services to families, aiding them in their homeownership journeys and providing financial capacity and education.
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Impact
October, 2024
NACDC Financial Services Inc significantly impacts Native American communities by providing essential alternative financing opportunities for entrepreneurs and small businesses located in or near Indian Reservations. In 2022 alone, the organization disbursed 698 loans totaling nearly $9.5 million, directly contributing to local economic growth and stability.
Beyond financial assistance, NACDC also emphasizes the importance of education and support for its clients. The organization provided 384 clients with a total of 595 hours of technical assistance, working closely with 103 business owners to enhance their operational success. Additionally, NACDC engaged with 281 families in homeownership journeys and helped 593 families improve their financial capacity through education and resources.
This multifaceted approach not only empowers individual entrepreneurs and families but also fosters broader community improvement, contributing to the economic well-being and self-sufficiency of Native American populations in the region.
This information is meant to be a general summary of Nacdc Financial Services Inc. 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.
- Investment Income: $895
- Program Service Revenue: $543,182
- Gross Receipts: $2,671,836
Assets and Liabilities:
- Total Assets: $10,865,137
- Total Liabilities: $5,186,779
- Net Assets: $5,678,358
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fee income
Revenue
$143,799
Interest inc from loans
Revenue
$399,383
Organization Details
Founding Year
2010
Phone
(406) 338-2099Principal Officer
Andrea Main
Main Address
201 N Piegan Street, Browning, MT, 59417
NTEE Category
Code: S20 - Community improvement
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