Overview
What is Nakoda-Aaniih Credit Agency?
Nakoda-Aaniih Credit Agency is a nonprofit organization dedicated to providing financial opportunities for individuals categorized as 'under-banked', often being low-income and low-wealth. Their mission encompasses offering affordable credit options, along with offering technical assistance in various forms. This assistance includes financial literacy training, credit counseling, small business, and agri-business training. Furthermore, they operate as a Community Development Financial Institution (CDFI), offering development services to their clients. In essence, Nakoda-Aaniih Credit Agency seeks to empower financially disadvantaged individuals, offering them the tools to improve their financial literacy and access to affordable credit.
Is Nakoda-Aaniih Credit Agency legitimate?
Nakoda-Aaniih Credit Agency is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nakoda-Aaniih Credit Agency submitted a form 990EZ, 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.
What is the mission statement of Nakoda-Aaniih Credit Agency?
Nakoda-Aaniih Credit Agency's mission is centered around providing accessible and affordable lending options for individuals who are often underserved by traditional banking institutions. This primarily includes low-income and low-wealth individuals. Alongside lending services, the agency offers technical assistance through financial literacy training, credit coaching, and small business and agri-business training. Furthermore, acting as a community development financial institution, Nakoda-Aaniih Credit Agency provides development services to its clients.
What is the revenue of Nakoda-Aaniih Credit Agency?
Nakoda-Aaniih Credit Agency's revenue in 2020 was $156,272.
Who are the executives of Nakoda-Aaniih Credit Agency and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for Nakoda-Aaniih Credit Agency?
Nakoda-Aaniih Credit Agency's most recent form 990EZ was submitted in 2020 and can be accessed here.
Mission Statement of Nakoda-Aaniih Credit Agency
Nakoda-Aaniih Credit Agency, as a mission-driven organization, aims to extend responsible and affordable lending opportunities to individuals who are often overlooked by traditional financial institutions. These individuals typically fall into the category of the 'under-banked,' often having low incomes and wealth. In addition to lending services, Nakoda-Aaniih Credit Agency offers technical assistance through various training programs. This assistance encompasses financial literacy, credit coaching, and small business and agri-business training, aiming to equip individuals with the necessary skills to manage their finances effectively.
The agency also operates as a community development financial institution (CDFI), providing development services to its clients. By doing so, Nakoda-Aaniih Credit Agency contributes to the overall financial well-being of its clientele, helping them to improve their economic situations. This multi-faceted approach, which includes lending, technical assistance, and development services, sets Nakoda-Aaniih Credit Agency apart as an organization dedicated to empowering the financially disadvantaged and promoting financial stability within their communities.
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Impact
October, 2024
The Nakoda-Aaniih Credit Agency significantly impacts the Harlem, MT community by providing responsible and affordable lending opportunities to 'under-banked' individuals, particularly those who are low-income and low-wealth. By addressing the financial needs of these individuals, the agency helps to bridge the gap to economic stability and growth.
In addition to lending services, Nakoda-Aaniih Credit Agency offers technical assistance through a variety of programs, including financial literacy training and credit coaching. These services empower clients with the knowledge and skills necessary to make informed financial decisions, manage their credit effectively, and navigate the complexities of financial products.
Moreover, the agency supports small business and agri-business training, fostering entrepreneurial spirit and encouraging local economic development. By equipping individuals with the tools they need to start and sustain their businesses, Nakoda-Aaniih contributes to job creation and income generation within the community.
Overall, the Nakoda-Aaniih Credit Agency plays a crucial role in improving community welfare by promoting financial inclusivity, enhancing economic opportunities, and ultimately fostering a healthier, more resilient local economy.
This information is meant to be a general summary of Nakoda-Aaniih Credit Agency. 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 2020.
- Investment Income: $1,885
- Program Service Revenue: $15,450
- Gross Receipts: $156,272
Assets and Liabilities:
- Total Assets: $313,928
- Total Liabilities: $58,019
- Net Assets: $255,909
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Organization Details
Principal Officer
Loretta Bell
NTEE Category
Code: S30 - Community improvement
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