Wisconsin Native Loan Fund Inc
- Assets
- $5.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Lac Du Flambeau, WI
- Founding
- 11/2007
- Data as of
- 12/2021
- EIN
- 43-2116172
Organization Overview
Wisconsin Native Loan Fund Inc is located in Lac Du Flambeau, WI. The organization was established in 2007. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Wisconsin Native Loan Fund Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Native Loan Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Wisconsin Native Loan Fund Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $725.9k during the year ending 12/2021. While expenses have increased by 19.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WISCONSIN NATIVE LOAN FUND, INC. IS A CERTIFIED NATIVE AMERICAN COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI)LOOKING TO BETTER OUR COMMUNITY BY PROVIDING AFFORDABLE LENDING TO NATIVE AMERICANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TRIBAL MEMBERS WITH ACCESS TO MORTGAGE LENDING OPPORTUNITIES AND LOANS, AS WELL AS DOWN PAYMENT ASSISTANCE, AS IT SEEKS TO INCREASE THE FINANCIAL SELF-SUFFICIENCY OF WISCONSIN NATIVE AMERICAN COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Gouwens Chief Operating Officer | Officer | 40 | $67,527 |
Fern Orie Director | OfficerTrustee | 1 | $66,420 |
Jeffery Johnson Chairman | Officer | 1 | $0 |
Cheryl Cloud Secretary | Officer | 1 | $0 |
Joseph Montano Sr Treasurer | Officer | 1 | $0 |
Randy Cadotte Vice Chairman | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,107,442 |
| Noncash contributions included in lines 1a–1f | $8,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,107,442 |
| Total Program Service Revenue | $329,185 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,436,627 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,604 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $398,834 |
| Compensation of current officers, directors, key employees. | $225,569 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,003 |
| Office expenses | $23,875 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,591 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,765 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,244 |
| Insurance | $6,495 |
| All other expenses | $111,874 |
| Total functional expenses | $725,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,536,048 |
| Savings and temporary cash investments | $79,622 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,976 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,040,556 |
| Total assets | $5,661,202 |
| Accounts payable and accrued expenses | $21,018 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,015,776 |
| Total liabilities | $2,036,794 |
| Net assets without donor restrictions | $2,979,695 |
| Net assets with donor restrictions | $644,713 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,661,202 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Wisconsin Native Loan Fund Inc has recieved totaling $104,596.
| Awarding Organization | Amount |
|---|---|
First Nations Oweesta Corporation Longmont, CO PURPOSE: TECH GRANT | $59,509 |
Greater Green Bay Community Foundation Inc Green Bay, WI PURPOSE: HUMAN SERVICES PROGRAM SUPPORT | $20,000 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT | $15,000 |
First Nations Development Institute Longmont, CO PURPOSE: ECONOMIC DEVELOPMENT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $87 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Energy Services Inc Madison, WI | $8,275,764 | $17,473,845 |
Heat And Warmth Fund Detroit, MI | $15,314,443 | $15,272,567 |
Walker Assisted Living Corp I Minnetonka, MN | $6,334,685 | $6,359,190 |
Neighborhood Lending Services Inc Chicago, IL | $30,819,021 | $4,912,824 |
Bickerdike Redevelopment Corporation Chicago, IL | $86,161,772 | $4,493,644 |
Project Home Inc Madison, WI | $5,333,055 | $4,173,429 |
National Faith Homebuyers Detroit, MI | $1,341,314 | $1,253,768 |
Wisconsin Native Loan Fund Inc Lac Du Flambeau, WI | $5,661,202 | $1,436,627 |
Energy Assistance Foundation Decatur, IL | $2,534,598 | $752,015 |
East Central Iowa Housing Trust Fund Cedar Rapids, IA | $351,251 | $389,643 |
Steele County Transitional Housing Inc Owatonna, MN | $278,166 | $480,776 |
Two Rivers Council Foundation Quincy, IL | $455,052 | $383,235 |