Overview
What is North-Missoula Community Development Corporation?
The North-Missoula Community Development Corporation (NMCDC) is a nonprofit organization based in Missoula, Montana, with a mission to foster neighborhood revitalization and holistic land stewardship. Established in 2000, they follow the community land trust model to provide affordable housing for low and moderate-income individuals. Since its inception, NMCDC has developed 54 housing units in four projects, with 49 owned by income-qualified households and five sold at market rate. In 2019, the Lee Gordon Place units, sold through a lottery drawing, were all purchased by income-qualified buyers. In 2022, NMCDC continued expanding its community land trust (CLT) housing projects into low-income census tracts, such as Missoula's Northside, Westside, Franklintown to the Fort (FTF), and River Road neighborhoods. They collaborate with partners like Habitat for Humanity and NeighborWorks Montana to develop affordable co-op housing projects. NMCDC's target audience includes low and middle-income Missoulians, and they strive to contribute to healthy neighborhoods offering opportunities for people of all ages and abilities to live, work, and play.
Official website here: www.nmcdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
The North-Missoula Community Development Corporation received a Three-Star rating from Charity Navigator, reflecting a 77% overall score based entirely on its Accountability & Finance metrics. This score indicates a solid level of transparency and financial health, critical factors for potential donors assessing nonprofit organizations.
The organization demonstrates strong governance practices, with an entirely independent board consisting of ten members, and has implemented policies for conflict of interest and document retention. Additionally, there were no reported material diversions of assets, and the program expense ratio is notably high at 90.08%, signifying that a significant portion of its funds is directed toward its programming efforts.
However, a notable limitation is the absence of a whistleblower policy, which received zero out of four points in that category. This gap may raise concerns about the organization's internal reporting and accountability structures. Overall, while the North-Missoula Community Development Corporation shows strengths in various areas, addressing this limitation could enhance its governance framework.
This AI summary has been generated from information found on Charity Navigator.
Is North-Missoula Community Development Corporation legitimate?
North-Missoula Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North-Missoula Community 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $175,000
For more financial information, click here
Official website here: www.nmcdc.org
What is the mission statement of North-Missoula Community Development Corporation?
The North-Missoula Community Development Corporation's mission is centered around building healthy neighborhoods and communities where individuals of all ages and abilities can live, work, and play. To accomplish this, the organization focuses on neighborhood revitalization and holistic land stewardship. One of their key initiatives is a land stewardship program based on the community land trust model, which provides affordable housing for low and moderate-income first-time home buyers. Since its inception in 2000, the corporation has developed 54 housing units in four developments, with the majority being owned by income-qualified households. In 2022, they expanded their community land trust housing projects into various service areas, including Missoula's lowest income census tracts. They are also involved in partnerships with organizations like Habitat for Humanity and NeighborWorks Montana to develop co-op/CLT hybrid projects. All their developments aim to provide affordable housing for low and middle-income residents.
Official website here: www.nmcdc.org
Who is the CEO of North-Missoula Community Development Corporation?
Bob Oaks is the Director of North-Missoula Community Development Corporation.
Official website here: www.nmcdc.org
What is the revenue of North-Missoula Community Development Corporation?
North-Missoula Community Development Corporation's revenue in 2022 was $722,821.
Official website here: www.nmcdc.org
Who are the executives of North-Missoula Community Development Corporation and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.nmcdc.org
Where can I find the form 990 for North-Missoula Community Development Corporation?
North-Missoula Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nmcdc.org
Learn more at the official website: www.nmcdc.org
Mission Statement of North-Missoula Community Development Corporation
The North-Missoula Community Development Corporation is an organization dedicated to fostering healthy neighborhoods and communities that cater to individuals of all ages and abilities. Their mission, in essence, revolves around building a neighborhood where people can live, work, and play. To achieve this, the corporation employs a land stewardship program based on the community land trust model, primarily for low and moderate-income first-time homebuyers. Since its inception in 2000, the program has created 54 housing units in four developments, with 49 units owned by income-qualified households and five sold at market rate. Notably, in 2018, interest in the Lee Gordon Place units, which were sold at market rate, far surpassed the supply, with all seven units being purchased by income-qualified buyers.
In 2022, the North-Missoula Community Development Corporation continued its mission by developing community land trust housing projects in expanded service areas, targeting low and middle-income Missoulians. Some of these projects, such as a 4-home project in the Fort-to-the-Fort neighborhood in partnership with Habitat for Humanity, and an 8-unit co-op conversion in the Northside neighborhood in partnership with NeighborWorks Montana and the City of Missoula, are pioneering initiatives in Montana. These projects aim to provide affordable housing solutions, promoting neighborhood revitalization and fostering opportunities for individuals and families.
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Impact
July, 2024
The North-Missoula Community Development Corporation's impact includes creating affordable housing opportunities for low and moderate-income individuals and families in the Missoula area. Through its land stewardship program based on the community land trust model, the organization has developed multiple housing units in various neighborhoods, providing safe and affordable housing options for those in need. Additionally, the corporation's focus on holistic land stewardship and neighborhood revitalization contributes to the overall improvement of communities, creating environments where people of all ages and abilities can thrive. By partnering with other organizations and initiatives, the NCDC is actively working towards its mission of building healthy neighborhoods and communities of opportunity in Missoula.
This information is meant to be a general summary of North-Missoula Community 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 2022.
- Investment Income: -$19,177
- Program Service Revenue: $143,528
- Gross Receipts: $859,372
Assets and Liabilities:
- Total Assets: $3,285,988
- Total Liabilities: $63,882
- Net Assets: $3,222,106
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$88,302
SERVICE FEE REVENUE
Revenue
$24,655
ADVERTISING
Revenue
$13,450
LAND LEASE FEES
Revenue
$10,854
MOC REVENUE
Revenue
$3,879
Organization Details
Founding Year
1996
Phone
(406) 829-0873Principal Officer
Bob Oaks
Main Address
1500 BURNS ST, MISSOULA, MT, 59802
Website
www.nmcdc.orgNTEE Category
Code: S21Z - Community improvement
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