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STRENGTHENING OREGON COMMUNITIES THROUGH PERSONAL AND BUSINESS LENDING.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS Form 990 via ProPublica Nonprofit Explorer
Total Revenue
▼$723.4K
Total Contributions
$141.5K
Total Expenses
▼$1.3M
Total Assets
$10.7M
Total Liabilities
▼$5.5M
Net Assets
$5.3M
Officer Compensation
→$0
Other Salaries
$397.2K
Investment Income
▼$0
Fundraising
▼$0
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$5.1M
Awards Found
15
Department of the Treasury
$525K
PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND FINANCIAL ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). PLANNED ACTIVITIES: FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, FINANCIAL SERVICES (REGULATED INSTITUTIONS ONLY), DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN AN ELIGIBLE MARKET OR THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE FINANCIAL ASSISTANCE IS FOR CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE RURAL AND URBAN LOW INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: THE RIEGLE ACT (P.L. 103 325), THE STATUTE WHICH AUTHORIZES THE CDFI PROGRAM, REQUIRES THAT FINANCIAL ASSISTANCE AWARDS, INCLUDING BASE FINANCIAL ASSISTANCE (BASE FA), DISABILITY FUNDS FINANCIAL ASSISTANCE (DF FA), AND PERSISTENT POVERTY COUNTIES FINANCIAL ASSISTANCE (PPC FA), BE MATCHED WITH FUNDS FROM NON FEDERAL GOVERNMENT SOURCES AND COMPARABLE IN FORM AND VALUE TO THE FA AWARD. MODIFICATIONS WOULD BE REQUIRED IF THERE IS A CHANGE IN THE FORM AND/OR AMOUNT ORIGINALLY OBLIGATED FOR THE AWARD, BASED ON APPROVED MATCHING FUNDS. NOTE: MATCHING FUNDS ARE REQUIRED ONLY FOR ORGANIZATIONS APPLYING AS CATEGORY II/CORE FA APPLICANTS UNDER THE CDFI PROGRAM. MATCHING FUNDS ARE NOT REQUIRED FOR ANY NATIVE CDFI APPLICANTS OR HOUSING PRODUCTION FINANCIAL ASSISTANCE AWARDS (HP FA). ADDITIONALLY, MATCHING FUNDS ARE NOT REQUIRED FOR SMALL AND EMERGING CDFI ASSISTANCE (SECA) FA APPLICANTS AND HEALTHY FOOD FINANCING INITIATIVES (HFFI) FA APPLICANTS, PENDING FINAL FY 2025 APPROPRIATIONS LANGUAGE.
Department of the Treasury
$339.5K
PURPOSE: TO SUPPORT CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) TO PROVIDE AN ALTERNATIVE TO HIGH COST SMALL DOLLAR LOANS, AS WELL AS HELP UNBANKED AND UNDERBANKED POPULATIONS BUILD CREDIT, ACCESS AFFORDABLE CAPITAL, AND ALLOW GREATER ACCESS INTO THE MAINSTREAM FINANCIAL SYSTEM. PLANNED ACTIVITIES: THROUGH THE SDL PROGRAM, THE CDFI FUND WILL PROVIDE GRANTS FOR LOAN LOSS RESERVES (LLR) THE AWARDS WILL ENABLE A CDFI TO ESTABLISH A LOAN LOSS RESERVE FUND IN ORDER TO DEFRAY THE COSTS OF ESTABLISHING OR MAINTAINING A SMALL DOLLAR LOAN PROGRAM. GRANTS FOR TECHNICAL ASSISTANCE (TA) THE AWARDS WILL SUPPORT TECHNOLOGY, STAFF SUPPORT, AND OTHER ELIGIBLE ACTIVITIES TO ENABLE A CERTIFIED CDFI TO ESTABLISH AND MAINTAIN A SMALL DOLLAR LOAN PROGRAM. END GOALS: EXPECTED OUTCOMES ARE AN INCREASE IN SMALL DOLLAR LENDING TO HELP UNBANKED AND UNDERBANKED POPULATIONS BUILD CREDIT, ACCESS AFFORDABLE CAPITAL, AND ALLOW GREATER ACCESS INTO THE MAINSTREAM FINANCIAL SYSTEM. BENEFICIARIES: NONPROFIT ORGANIZATIONS, FOR PROFIT ORGANIZATIONS AND OTHER PRIVATE INSTITUTIONS/ORGANIZATIONS IN THE FORM OF FEDERALLY INSURED DEPOSITORY INSTITUTIONS, OR FEDERALLY INSURED CREDIT UNIONS THAT ARE CERTIFIED CDFIS. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of the Treasury
$281.4K
PURPOSE: TO PROVIDE AN ALTERNATIVE TO HIGH-COST SMALL DOLLAR LOANS, AS WELL AS HELP UNBANKED AND UNDERBANKED POPULATIONS BUILD CREDIT, ACCESS AFFORDABLE CAPITAL, AND ALLOW GREATER ACCESS INTO THE MAINSTREAM FINANCIAL SYSTEM. ACTIVITIES TO BE PERFORMED: THROUGH THE SDL PROGRAM, THE CDFI FUND WILL PROVIDE: GRANTS FOR LOAN LOSS RESERVES (LLR): THE AWARDS WILL ENABLE A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) TO ESTABLISH A LOAN LOSS RESERVE FUND IN ORDER TO DEFRAY THE COSTS OF ESTABLISHING OR MAINTAINING A SMALL DOLLAR LOAN PROGRAM. GRANTS FOR TECHNICAL ASSISTANCE (TA): THE AWARDS WILL SUPPORT TECHNOLOGY, STAFF SUPPORT, AND OTHER ELIGIBLE ACTIVITIES TO ENABLE A CERTIFIED CDFI TO ESTABLISH AND MAINTAIN A SMALL DOLLAR LOAN PROGRAM. END GOAL/EXPECTED OUTCOMES: EXPECTED OUTCOMES ARE AN INCREASE IN SMALL DOLLAR LENDING TO HELP UNBANKED AND UNDERBANKED POPULATIONS BUILD CREDIT, ACCESS AFFORDABLE CAPITAL, AND ALLOW GREATER ACCESS INTO THE MAINSTREAM FINANCIAL SYSTEM. INTENDED BENEFICIARIES: NONPROFIT ORGANIZATIONS, FOR PROFIT ORGANIZATIONS AND OTHER PRIVATE INSTITUTIONS/ORGANIZATIONS IN THE FORM OF FEDERALLY INSURED DEPOSITORY INSTITUTIONS, OR FEDERALLY-INSURED CREDIT UNIONS THAT ARE CERTIFIED CDFIS. SUBRECIPIENT ACTIVITIES: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM.
Department of Agriculture
$100K
SEC. 6022 RMAP-RURAL MICRO ASSISTANCE GRANTS (DISC)
Department of Agriculture
$75K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$32.7K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$24.4K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$23.4K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$4,276
SEC. 6022 RMAP-RURAL MICRO ASSISTANCE GRANTS (DISC)
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Source: IRS e-Filed Form 990
No officer or director compensation data available for this organization.
This data is sourced from IRS Form 990, Part VII. It may not be available if the organization files Form 990-N (e-Postcard) or has not yet been enriched.
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: SO
WarningTax-exempt status was revoked on November 15, 2022
Status has NOT been reinstated
Exemption type: 03
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $723.4K | $141.5K | $1.3M | $10.7M | $5.3M |
| 2019 | $226.4K | $118K | $420.8K | $4.2M | $1.6M |
| 2018 | $1.1M | $881K | $870.2K | $3.7M | $1.8M |
| 2017 | $1.4M | $1.3M | $484.2K | $3.3M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | |
| 2019 | 990 | Data | PDF not yet published by IRS |
Financial data: IRS Form 990 via ProPublica Nonprofit Explorer (Tax Year 2023)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File · ProPublica Nonprofit Explorer
Tax-deductibility: IRS Publication 78
Revocation status: IRS Auto-Revocation List
| $1.6M |
| 2016 | $608.1K | $521.9K | $371.7K | $1.6M | $650.8K |
| 2015 | $172.7K | $125.2K | $258.9K | $1.3M | $414.4K |
| 2014 | $567.4K | $531K | $163K | $868.1K | $500.6K |
| 2013 | $19.4K | $1,370 | $191.7K | $288.5K | $96.2K |
| 2012 | $2,474 | $100 | $114K | $175.3K | $88.5K |
| 2018 |
| 990 |
Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |