Overview
What is Northern Shores Community Development?
Northern Shores Community Development is a nonprofit organization situated in Michigan, specifically aiding American Indian communities and other underprivileged residents. Their primary mission involves offering training, business incubation, and facilitating access to capital. Through their initiatives, they aim to empower these communities by providing financial assistance, with 48 active loans as of December 31, 2022, within the Northern Michigan region.
Official website here: www.northernshoresloanfund.org
Is Northern Shores Community Development legitimate?
Northern Shores Community Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northern Shores Community Development 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $119,647
For more financial information, click here
Official website here: www.northernshoresloanfund.org
What is the mission statement of Northern Shores Community Development?
Northern Shores Community Development primarily focuses on assisting American Indian communities and other underserved residents in Michigan. Their mission involves providing training, business incubation, and access to capital for these groups. As of December 31, 2022, the organization has issued 48 outstanding loans to their target population in Northern Michigan. In essence, Northern Shores Community Development aims to empower and support these communities, helping them to establish and grow their businesses.
Official website here: www.northernshoresloanfund.org
Who is the CEO of Northern Shores Community Development?
Laura Blumberg is the Chair of Northern Shores Community Development.
Official website here: www.northernshoresloanfund.org
What is the revenue of Northern Shores Community Development?
Northern Shores Community Development's revenue in 2022 was $125,673.
Official website here: www.northernshoresloanfund.org
Who are the executives of Northern Shores Community Development and what are their salaries?
The average compensation at Northern Shores Community Development during 2022 was $29,912. There are 4 employees at Northern Shores Community Development.
Here are 7 key members and their salaries:
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- Compensation: $60,440
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Official website here: www.northernshoresloanfund.org
Where can I find the form 990 for Northern Shores Community Development?
Northern Shores Community Development's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northernshoresloanfund.org
Learn more at the official website: www.northernshoresloanfund.org
Mission Statement of Northern Shores Community Development
Northern Shores Community Development, a nonprofit organization, primarily focuses on assisting American Indian communities and other underserved residents in Michigan. Their mission is multifaceted, encompassing three key areas: training, business incubation, and providing access to capital. This nonprofit organization aims to empower and uplift these communities by offering resources and opportunities that are often lacking. As of December 31, 2022, Northern Shores Community Development has offered loans to its target populations in Northern Michigan, with 48 outstanding loans still in effect. This suggests that the organization is actively engaged in its mission, providing financial support to help businesses and individuals in these communities thrive.
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Impact
October, 2024
Northern Shores Community Development has a significant impact on American Indian communities and other underserved residents in Michigan by facilitating access to essential resources and opportunities. Through targeted training programs, the organization empowers individuals with the skills needed for economic self-sufficiency. Business incubation initiatives support entrepreneurs, helping them to develop and sustain their businesses, which in turn fosters local economic growth.
Additionally, by providing access to capital via loans, Northern Shores enables individuals and businesses to pursue their goals and ambitions, promoting financial stability and resilience within these communities. As of December 31, 2022, the organization had 48 outstanding loans, demonstrating its commitment to enhancing economic opportunities for marginalized populations in Northern Michigan. Through these efforts, Northern Shores Community Development not only addresses immediate financial needs but also contributes to long-term community improvement and empowerment.
This information is meant to be a general summary of Northern Shores Community Development. 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: $80
- Program Service Revenue: $21,251
- Gross Receipts: $125,673
Assets and Liabilities:
- Total Assets: $1,439,114
- Total Liabilities: $74,954
- Net Assets: $1,364,160
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME - LOAN
Revenue
$18,443
FEE INCOME
Revenue
$2,808
Organization Details
Founding Year
2007
Phone
(231) 347-6753Principal Officer
Laura Blumberg
Main Address
1131 W CONWAY ROAD SUITE A, HARBOR SPRINGS, MI, 49740
NTEE Category
Code: S43 - Community improvement
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