Overview
What is First Nations Community Financial?
First Nations Community Financial is a nonprofit organization located in Black River Falls, Wisconsin. They offer various services to their borrowers and clients, including credit repair, credit building, and financial coaching through community events. The organization launched a pilot program for mortgage lending, leading to the Family Roots Home Loan Program, which includes Pathways Home, one-on-one technical assistance, and mortgage loans. Due to the COVID-19 pandemic's impact, First Nations Community Financial stepped up to provide emergency loans to help families and households pay essential obligations, making this a priority during that challenging time. Their dedicated workforce of 10 individuals is committed to supporting their communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
First Nations Community Financial has achieved an 82% rating from Charity Navigator, reflecting its strong accountability and financial practices. The organization excels in governance, with a fully independent board and comprehensive policies in place, including those for conflict of interest and whistleblower protection. Their financial oversight is robust, indicated by a perfect score in the audit and oversight committee.
Despite these strengths, the nonprofit's program expense ratio is somewhat lower at 60.11%, which may raise questions about the proportion of funds allocated directly to programs compared to administrative costs. However, the organization maintains a solid liabilities to assets ratio of 35.71%, indicating financial stability. Overall, First Nations Community Financial demonstrates a commitment to transparency and responsible management, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is First Nations Community Financial legitimate?
First Nations Community Financial is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Nations Community Financial 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: $95,620
Professional Fundraising Fees: $0
Other Salaries and Wages: $561,000
For more financial information, click here
What is the mission statement of First Nations Community Financial?
First Nations Community Financial has dedicated its efforts towards assisting families and households during the pandemic by providing emergency COVID-19 loans. This initiative aims to help individuals pay their essential obligations, thereby supporting their communities during this challenging time. Additionally, the organization offers a range of services, including credit repair, credit building, and financial coaching, both individually and through community events. The organization also launched a pilot mortgage lending program, resulting in the Family Roots Home Loan Program, which includes Pathways Home, one-on-one technical assistance, and mortgage loans. In response to the significant need during the pandemic, emergency COVID-19 loans became a priority for the organization.
What is the revenue of First Nations Community Financial?
First Nations Community Financial's revenue in 2023 was $775,165.
Who are the executives of First Nations Community Financial and what are their salaries?
The average compensation at First Nations Community Financial during 2023 was $65,662. There are 10 employees and 1 volunteer at First Nations Community Financial.
Here are 7 key members and their salaries:
- Compensation: $95,620
- 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
Where can I find the form 990 for First Nations Community Financial?
First Nations Community Financial's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of First Nations Community Financial
First Nations Community Financial, a nonprofit organization, has taken an active role during the pandemic by providing emergency loans to families and households. Their mission is to assist these communities in meeting their essential obligations during these challenging times. By offering these loans, the organization aims to provide relief and support, ultimately working towards the betterment of the communities they serve.
Beyond their pandemic response, First Nations Community Financial offers a range of services to their borrowers and clientele. These services include credit repair, credit building, and financial coaching, often through community events. They also have a mortgage lending program, known as Family Roots Home Loan Program, which includes Pathways Home, one-on-one technical assistance, and mortgage loans. This program aims to help families secure housing and build financial stability within their communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
First Nations Community Financial has made a significant impact by providing emergency COVID-19 loans to families and households during the pandemic. By stepping up in this time of need, the organization has helped individuals pay important obligations and navigate financial challenges. Additionally, their services, such as credit repair, credit building, and financial coaching, have played a crucial role in supporting their borrowers and clientele. Through initiatives like the Family Roots Home Loan Program, First Nations Community Financial is empowering community members to achieve homeownership and financial stability. Overall, the organization's focus on community improvement through financial assistance and support has made a positive difference in the lives of many individuals and families.
This information is meant to be a general summary of First Nations Community Financial. 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: $43,351
- Program Service Revenue: $130,906
- Gross Receipts: $775,165
Assets and Liabilities:
- Total Assets: $3,336,971
- Total Liabilities: $1,191,809
- Net Assets: $2,145,162
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$92,333
APPLICATION FEES
Revenue
$38,573
Organization Details
Founding Year
2011
Principal Officer
Becky Albert-Breed
NTEE Category
Code: S31 - Community improvement
If you are a representative of First Nations Community Financial and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.