Civic Intelligence

Pacific Northwest Tribal Lending a Community Development Financial

990 • Fiscal year 2022 • EIN 37-1525217

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 03, 2023

12 Bellwether Way No 224Bellingham, WA 98225

(360) 594-6004

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.20x

Higher debt load relative to assets than 68% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

81st percentile

0.55x

Higher debt load relative to revenue than 81% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

91st percentile

57%

Higher net margin than 91% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

64th percentile

$89,603

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

83rd percentile

33%

Faster asset growth than 83% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

87th percentile

71%

Faster revenue growth than 87% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$4,447,190

Up $1,098,506 (+33%) from 2021

Net Assets

Up

$3,560,602

Up $923,585 (+35%) from 2021

Liabilities

Up

$886,588

Up $174,921 (+25%) from 2021

Revenue

Up

$1,616,846

Up $672,815 (+71%) from 2021

Expenses

Up

$693,261

Up $11,735 (+1.7%) from 2021

Net Income

Up

$923,585

Up $661,080 (+252%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2015: $1,453,580Liabilities 2015: $19,052Net Assets 2015: $1,434,5282015Assets 2016: $1,607,088Liabilities 2016: $5,025Net Assets 2016: $1,602,0632016Assets 2017: $1,555,002Liabilities 2017: $24,033Net Assets 2017: $1,530,9692017Assets 2018: $1,286,962Liabilities 2018: $25,021Net Assets 2018: $1,261,9412018Assets 2019: $1,963,931Liabilities 2019: $96,418Net Assets 2019: $1,867,5132019Assets 2020: $2,595,177Liabilities 2020: $86,076Net Assets 2020: $2,509,1012020Assets 2021: $3,348,684Liabilities 2021: $711,667Net Assets 2021: $2,637,0172021Assets 2022: $4,447,190Liabilities 2022: $886,588Net Assets 2022: $3,560,6022022Assets 2023: $4,699,953Liabilities 2023: $915,246Net Assets 2023: $3,784,7072023Assets 2024: $5,953,438Liabilities 2024: $1,132,570Net Assets 2024: $4,820,8682024

Highlighted filing

2022

Assets$4,447,190
Liabilities$886,588
Net Assets$3,560,602

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2015: $88,575Expenses 2015: $235,062Net Income 2015: -$146,4872015Revenue 2016: $797,037Expenses 2016: $569,891Net Income 2016: $227,1462016Revenue 2017: $470,595Expenses 2017: $541,689Net Income 2017: -$71,0942017Revenue 2018: $156,179Expenses 2018: $431,005Net Income 2018: -$274,8262018Revenue 2019: $1,112,770Expenses 2019: $507,198Net Income 2019: $605,5722019Revenue 2020: $1,177,199Expenses 2020: $535,611Net Income 2020: $641,5882020Revenue 2021: $944,031Expenses 2021: $681,526Net Income 2021: $262,5052021Revenue 2022: $1,616,846Expenses 2022: $693,261Net Income 2022: $923,5852022Revenue 2023: $991,915Expenses 2023: $767,810Net Income 2023: $224,1052023Revenue 2024: $1,835,120Expenses 2024: $798,959Net Income 2024: $1,036,1612024

Highlighted filing

2022

Revenue$1,616,846
Expenses$693,261
Net Income$923,585
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 3, 2023
Return Version
2022v5.0
Gross Receipts
$1,616,846
Mission and Program Overview

Mission

To provide access to education, financing, and asset growth in order to improve the prosperity and well being of families, through technical assistance and development services of financial literacy, budgeting, and business plan counseling. The organization seeks to serve as the bridge to mainstream financing intitutions. Lending products include collateralized loans for microenterprises and small businesses for purposes of working capital, fixed assets, and real estate. The organization makes loans to members of the lummi nation, residents of the lummi reservation, and other native americans or private individuals and entities whose activities will accrue social or economic benefit to the lummi nation or residents of the lummi reservation.

To provide access to education in order to improve the prosperity and well-being of families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,099,264$2,395,174▲ $295,910
Other Notes and Loans Receivable, Net$1,219,946$1,720,493▲ $500,547
Pledges and Grants Receivable$10,000$304,023▲ $294,023
Prepaid Expenses and Deferred Charges$19,474$27,500▲ $8,026
Total Assets$3,348,684$4,447,190▲ $1,098,506
Liabilities
Other Liabilities$705,749$839,092▲ $133,343
Accounts Payable and Accrued Expenses$5,918$47,496▲ $41,578
Total Liabilities$711,667$886,588▲ $174,921
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,637,017$2,970,846▲ $333,829
Net Assets With Donor Restrictions-$589,756-
Total Net Assets Fund Balance$2,637,017$3,560,602▲ $923,585
Total Liabilities and Net Assets / Fund Balance$3,348,684$4,447,190▲ $1,098,506
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nancy JordanInterim Executive DirectorFT$81,341$8,262$89,603

Board Members and Trustees

NameTitle
Rex RhoadesChair
Cindy CulteeVice-chair
Becky KinleyBoard Member
Ellie WilburBoard Member
John MichenerBoard Member
Lexie TomBoard Member
Marc TaylorBoard Member
Joseph BowenSecretary
Fred a EnginowukTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,465,043
Program Service Revenue
$149,743
Investment Income
$810
Other Revenue
$1,250
All Other Contributions
$505,305
Change in Net Assets
$923,585

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,616,846
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,616,846
Total Revenue per Form 990
$1,616,846
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$419,311
Other Expenses$273,950
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$168,048$42,012-$210,060
Other Employee Benefits$76,410$19,102-$95,512
Current Officers, Directors, Trustees, and Key Employees$71,682$17,921-$89,603
Fees for Services Other$59,253$3,119-$62,372
Occupancy$42,768$12,077-$54,845
Payroll Taxes$19,309$4,827-$24,136
Travel$11,986$11,987-$23,973
Office Expenses$16,299$5,732-$22,031
Conferences and Meetings$17,286$4,402-$21,688
Interest$17,377$1,719-$19,096
Fees for Services Accounting$13,205$695-$13,900
All Other Expenses$8,352--$8,352
Insurance$6,378$1,595-$7,973
Other Expenses$2,063$2,264-$4,327
Total Functional Expenses$556,961$136,300$0$693,261

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$693,261
Total Expenses per Audited Statements$693,261
Total Expenses per Form 990$693,261
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loans Payable$839,092
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 federal tax return will be reviewed by the board before it is signed and filed in a special meeting.

Form 990, Part VI, Section B, Line 12C

Conflicts of interest must be disclosed. Any interested person may make a presentation to the governing board or committee. After, he/she must leave the meeting. The board will vote and take appropriate action.

Form 990, Part VI, Section C, Line 19

Form 990 tax return will be provided upon request.

Filing and Contact Details

Filer

Filer Name
Lummi Community Development
EIN
37-1525217
Phone
3605946004
Address
12 BELLWETHER WAY NO 224, BELLINGHAM, WA 98225

Signing Officer

Name
Rex Rhoades
Title
Board Chairman
Phone
3605946004
Signed
2023-10-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rex Rhoades
Formed
2006
Legal Domicile
Wa
Voting Board Members
6
Independent Board Members
6
Employees
4
Volunteers
9

Preparer

Firm
Larson Gross Pllc
Address
2211 RIMLAND DR STE 422, BELLINGHAM, WA 98226
Preparer
Steve Forbes-cpa
Phone
3607344280
Raw XML AppendixShowing 400 of 430 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgramServiceRevenueGrp/BusinessCd0523940
IRS990/ProgramServiceRevenueGrp/BusinessCd1523940
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0133546
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt116197
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0133546
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt116197
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0801490
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt014
IRS990/PYOtherExpensesAmt0255839
IRS990/PYOtherRevenueAmt0165
IRS990/PYProgramServiceRevenueAmt0142362
IRS990/PYRevenuesLessExpensesAmt0262505
IRS990/PYSalariesCompEmpBnftPaidAmt0425687
IRS990/PYTotalExpensesAmt0681526
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0944031
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0923585
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0149743
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01459779
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0801490
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0950159
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0853560
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt073947
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04138935
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0155817
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0142376
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0224923
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0258934
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt082232
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0864282
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01250
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02508
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt08703
IRS990ScheduleA/OtherIncome170Grp/TotalAmt012461
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.82520
IRS990ScheduleA/PublicSupportPY170Pct00.77290
IRS990ScheduleA/PublicSupportTotal170Amt04138935
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01459779
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0801490
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0950159
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0853560
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt073947
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04138935
IRS990ScheduleA/TotalSupportAmt05015678
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0693261
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0839092
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOANS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01616846
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0693261
IRS990ScheduleD/TotalLiabilityAmt0839092
IRS990ScheduleD/TotalRevenuePerForm990Amt01616846
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01616846
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0693261
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 FEDERAL TAX RETURN WILL BE REVIEWED BY THE BOARD BEFORE IT IS SIGNED AND FILED IN A SPECIAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICTS OF INTEREST MUST BE DISCLOSED. ANY INTERESTED PERSON MAY MAKE A PRESENTATION TO THE GOVERNING BOARD OR COMMITTEE. AFTER, HE/SHE MUST LEAVE THE MEETING. THE BOARD WILL VOTE AND TAKE APPROPRIATE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 TAX RETURN WILL BE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03348684
IRS990/TotalAssetsEOYAmt04447190
IRS990/TotalAssetsGrp/BOYAmt03348684
IRS990/TotalAssetsGrp/EOYAmt04447190
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01465043
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0136300
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0556961
IRS990/TotalFunctionalExpensesGrp/TotalAmt0693261
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0711667
IRS990/TotalLiabilitiesEOYAmt0886588
IRS990/TotalLiabilitiesGrp/BOYAmt0711667
IRS990/TotalLiabilitiesGrp/EOYAmt0886588
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02637017
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03560602
IRS990/TotalOtherCompensationAmt08262
IRS990/TotalProgramServiceExpensesAmt0556961
IRS990/TotalProgramServiceRevenueAmt0149743
IRS990/TotalReportableCompFromOrgAmt081341
IRS990/TotalRevenueGrp/ExclusionAmt02060
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0149743
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01616846
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03348684
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04447190
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt011987
IRS990/TravelGrp/ProgramServicesAmt011986
IRS990/TravelGrp/TotalAmt023973
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt012 BELLWETHER WAY NO 224
IRS990/USAddress/CityNm0BELLINGHAM
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098225
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.LUMMICDFI.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z

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