Overview
What is Wisconsin Native Loan Fund Inc?
Wisconsin Native Loan Fund Inc., also known as WINLF, is a 501(c)(3) nonprofit organization and a U.S. Treasury-certified Native Community Development Financial Institution (CDFI) based in Lac du Flambeau, Wisconsin. Established in 2006, their mission is to boost the financial self-sufficiency of Wisconsin Native American communities. They accomplish this goal through various loan products, such as home, consumer, and small business loans, complemented by development services including homebuyer education, credit counseling, and business/entrepreneurship services. The overall aim is to enhance the financial well-being of Wisconsin Native American families and communities.
Official website here: www.winlf.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 86% (Three-Star out of Four Star rating)
The Wisconsin Native Loan Fund Inc has received an 86% rating from Charity Navigator, reflecting solid performance in Accountability & Finance and exemplary Leadership & Adaptability. With a score of 100% in Leadership, the organization demonstrates strong governance practices, including a fully independent board and comprehensive policies in place. Their strategic goals aim to expand their loan portfolio and enhance educational outreach, indicating a commitment to community development.
However, feedback from users on Great Nonprofits presents a contrasting view, highlighting a potential gap in service delivery. One user reported a negative experience, describing interactions as combative and unhelpful, which suggests that while the organization may have solid financial practices, there may be challenges in client relations and communication. This feedback raises concerns about the organization's approach to customer service and support.
Overall, while the Wisconsin Native Loan Fund Inc shows financial stability and a commitment to growth, it may need to address user concerns regarding client interactions to enhance its community impact and reputation further.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Wisconsin Native Loan Fund Inc legitimate?
Wisconsin Native Loan Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wisconsin Native Loan Fund 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: $111,151
Professional Fundraising Fees: $0
Other Salaries and Wages: $201,477
For more financial information, click here
Official website here: www.winlf.org
What is the mission statement of Wisconsin Native Loan Fund Inc?
The Wisconsin Native Loan Fund Inc, being a 501(c)(3) nonprofit and a U.S. Treasury-certified Native Community Development Financial Institution (CDFI), is committed to enhancing the financial well-being of Wisconsin Native American families and communities. Their mission is accomplished through a variety of loan products, including home, consumer, and small business loans, complemented by development services such as homebuyer education, credit counseling, and business/entrepreneurship services. By providing these financial tools and resources, the Wisconsin Native Loan Fund Inc aims to foster financial self-sufficiency within Wisconsin Native American communities.
Official website here: www.winlf.org
Who is the CEO of Wisconsin Native Loan Fund Inc?
Cheryl Cloud is the Chair of Wisconsin Native Loan Fund Inc.
Official website here: www.winlf.org
What is the revenue of Wisconsin Native Loan Fund Inc?
Wisconsin Native Loan Fund Inc's revenue in 2022 was $2,400,832.
Official website here: www.winlf.org
Who are the executives of Wisconsin Native Loan Fund Inc and what are their salaries?
The average compensation at Wisconsin Native Loan Fund Inc during 2022 was $312,628. There is 1 employee and 11 volunteers at Wisconsin Native Loan Fund Inc.
Here are 12 key members and their salaries:
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- Compensation: $87,803
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- Other: $23,348
Official website here: www.winlf.org
Where can I find the form 990 for Wisconsin Native Loan Fund Inc?
Wisconsin Native Loan Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.winlf.org
Learn more at the official website: www.winlf.org
Mission Statement of Wisconsin Native Loan Fund Inc
Wisconsin Native Loan Fund Inc, as a 501(c)(3) nonprofit and U.S. Treasury-certified Native Community Development Financial Institution (CDFI), is dedicated to enhancing the financial self-sufficiency of Wisconsin Native American communities. By providing a range of loan products including home, consumer, and small business loans, coupled with development services such as homebuyer education, credit counseling, and business/entrepreneurship services, the organization aims to empower its beneficiaries. Since its establishment in 2006, Wisconsin Native Loan Fund Inc has been steadfast in its mission to uplift the financial well-being of Native American families in Wisconsin.
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Impact
July, 2024
The Wisconsin Native Loan Fund Inc's impact is evident in the improved financial well-being of Wisconsin Native American families and communities. Through its suite of loan products and development services, such as home, consumer, and small business loans, complemented by offerings like homebuyer education, credit counseling, and business/entrepreneurship services, the organization has facilitated the financial self-sufficiency of Wisconsin Native American communities since its founding in 2006. Its mission to increase financial well-being has made a tangible difference in the lives of those it serves, particularly in the realm of housing opportunities.
This information is meant to be a general summary of Wisconsin Native Loan Fund 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: $487
- Program Service Revenue: $364,344
- Gross Receipts: $2,400,832
Assets and Liabilities:
- Total Assets: $7,515,814
- Total Liabilities: $3,435,334
- Net Assets: $4,080,480
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN RECEIVABLE INTERE
Revenue
$285,500
LOAN FEES
Revenue
$54,886
LOAN RECOVERY INCOME
Revenue
$23,958
Organization Details
Founding Year
2006
Phone
(715) 588-1600Principal Officer
Cheryl Cloud
Main Address
PO BOX 580, LAC DU FLAMBEAU, WI, 54538
Website
www.winlf.orgNTEE Category
Code: L82 - Housing
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