Overview
What is Great Northern Development Corporation?
Great Northern Development Corporation (GNDC) serves as a Montana-based nonprofit organization, dedicated to fostering commerce in northeastern Montana. With a mission to support and promote commercial growth in the region, GNDC solicits contributions from both public and private sources to allocate funds among various programs. The corporation's activities encompass the administration of CDBG grants, intermediary relending programs, CDFI loans, and Montana Board of Investments microbusiness loans, as well as EPA Brownsfield grants. GNDC, headed by a board, operates with a staff of 13 individuals, working tirelessly to contribute to the economic development in northeastern Montana.
Official website here: www.gndc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
The Great Northern Development Corporation has received a commendable Three-Star rating from Charity Navigator, reflecting a solid accountability and finance score of 88%. This rating is primarily based on the organization's adherence to financial transparency and responsible governance, demonstrating its commitment to effective management of resources in fiscal year 2023.
The organization excels in several key areas, including a fully independent board, which received the maximum score in board member independence. Additionally, it has no reported issues regarding the diversion of assets, and its financial statements are thoroughly audited. High program expense ratios indicate that a substantial portion of its budget is allocated toward its mission-driven activities rather than administrative costs.
However, there are a few areas for improvement; specifically, the absence of a whistleblower policy and document retention and destruction guidelines can be noted. Addressing these gaps can enhance transparency and further strengthen the organization’s governance practices. Overall, the Great Northern Development Corporation is positioned well in terms of accountability and financial health, but it has opportunities to bolster its operational policies.
This AI summary has been generated from information found on Charity Navigator.
Is Great Northern Development Corporation legitimate?
Great Northern Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Great Northern Development Corporation 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: $138,911
Professional Fundraising Fees: $0
Other Salaries and Wages: $263,839
For more financial information, click here
Official website here: www.gndc.org
What is the mission statement of Great Northern Development Corporation?
The Great Northern Development Corporation, being a Montana-based nonprofit organization, is committed to supporting and promoting commerce in northeastern Montana. The corporation solicits contributions from both public and private sources to distribute among various programs in the region. Its primary mission is to facilitate economic growth and development in the area. The organization manages various funding programs, including CDBG grants, intermediary relending loans, CDFI loans, and Montana Board of Investments microbusiness loans, among others, to support local businesses and initiatives.
Official website here: www.gndc.org
Who is the CEO of Great Northern Development Corporation?
Victoria Matejovsky is the President of Great Northern Development Corporation.
Official website here: www.gndc.org
What is the revenue of Great Northern Development Corporation?
Great Northern Development Corporation's revenue in 2023 was $1,146,929.
Official website here: www.gndc.org
Who are the executives of Great Northern Development Corporation and what are their salaries?
The average compensation at Great Northern Development Corporation during 2023 was $30,981. There are 13 employees and 16 volunteers at Great Northern Development Corporation.
Here are 19 key members and their salaries:
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- Other: $904
Official website here: www.gndc.org
Where can I find the form 990 for Great Northern Development Corporation?
Great Northern Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.gndc.org
Learn more at the official website: www.gndc.org
Mission Statement of Great Northern Development Corporation
Great Northern Development Corporation (GNDC) is a Montana-based nonprofit organization with a mission to foster and stimulate commerce in northeastern Montana. The corporation achieves this by soliciting contributions from both public and private sources, which are then allocated to various programs across the area. The primary aim of GNDC is to support and promote economic growth in northeastern Montana, thereby contributing to the overall development and prosperity of the region.
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Impact
July, 2024
Great Northern Development Corporation's impact is significant in supporting and promoting commerce in northeastern Montana. The organization plays a vital role in securing and allocating funding for various programs in the region, including the administration of CDBG grants, intermediary relending program loans, CDFI loans, Montana Board of Investments microbusiness loans, and EPA Brownsfield grants. By facilitating access to these resources, Great Northern Development Corporation contributes to economic development, job creation, and overall prosperity in the area.
This information is meant to be a general summary of Great Northern Development Corporation. 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: $4,619
- Program Service Revenue: $156,104
- Gross Receipts: $1,146,929
Assets and Liabilities:
- Total Assets: $4,622,420
- Total Liabilities: $2,262,559
- Net Assets: $2,359,861
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REVOLVING LOAN FUND IN
Revenue
$133,438
LOAN FEES
Revenue
$18,166
LOAN RESERVE ADJUSTMEN
Revenue
$4,500
Organization Details
Founding Year
2000
Phone
(406) 653-2590Principal Officer
Victoria Matejovsky
Main Address
233 CASCADE ST, WOLF POINT, MT, 59201
Website
www.gndc.orgNTEE Category
Code: J200 - Employment
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