Cook Inlet Lending Center Inc

Organization Overview

Cook Inlet Lending Center Inc is located in Anchorage, AK. The organization was established in 2002. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Cook Inlet Lending Center Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cook Inlet Lending Center 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, Cook Inlet Lending Center Inc generated $14.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.3% each year . All expenses for the organization totaled $16.4m during the year ending 12/2021. While expenses have increased by 48.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

COOK INLET LENDING CENTER IS A NONPROFIT LENDING ENTITY ESTABLISHED TO PROMOTE AND PROVIDE LENDING PRODUCTS AND SERVICES TO LOW-INCOME PERSONS, PRIMARILY THOSE OF AMERICAN INDIAN/ALASKA NATIVE DESCENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOME BUYER LOAN PROGRAM PROVIDES ASSISTANCE TO ELIGIBLE APPLICANTS AS THEY FINANCE A HOME WITHIN THE COOK INLET REGION IN THE FORM OF A MORTGAGE DOWN PAYMENT OR A SECOND MORTGAGE SECURED BY A DEED OF TRUST ON THE PROPERTY.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $13,455,141
All other contributions, gifts, grants, and similar amounts not included above$178,006
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$13,633,147
Total Program Service Revenue$758,258
Investment income $498,436
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 $14,919,049

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Cook Inlet Lending Center Inc has recieved totaling $106,000.

Awarding OrganizationAmount
Rasmuson Foundation

Anchorage, AK

PURPOSE: SMALL BUSINESS LENDING PROGRAM

$100,000
First Nations Oweesta Corporation

Longmont, CO

PURPOSE: MORTGAGE LENDERS GRA

$6,000
View Grant Recipient Profile

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