NORTHERN SHORES LOAN FUND INC

HARBOR SPRINGS, MI | Emmet County
Economic Development
NORTHERN SHORES LOAN FUND INC
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

NORTHERN SHORES LOAN FUND INC
37-1548658
1131 W CONWAY RD STE A
HARBOR SPRINGS, MI 49740
Emmet County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Economic Development
Nonprofit location info
  • FFIEC Distressed Area
  • FFIEC Underserved Area
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
S43

S - Community Improvement, Capacity Building

Small Business Development

Organizations that provide technical assistance, venture capital, loans, loan guarantees or other forms of support for individuals or groups who want to establish or expand the operation of a small business enterprise or venture.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
541618
Other Management Consulting Services

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
10/25/2013
Native American CDFI info
Y
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2021 $200,000 CDFI Rapid Response Program (COVID-19) open_in_new Northern Shores Community Development, Inc.
2017 $522,000 Native American CDFI Financial Assistance open_in_new Northern Shores Community Development, Inc.
2019 $300,000 Native American CDFI Financial Assistance open_in_new Northern Shores Community Development, Inc.
2021 $250,000 Native American CDFI Financial Assistance open_in_new Northern Shores Community Development, Inc.
2015 $149,996 Native American CDFI Technical Assistance open_in_new Northern Shores Community Development, Inc.
2020 $150,000 Native American CDFI Technical Assistance open_in_new Northern Shores Community Development, Inc.
2022 $98,267 Small Dollar Loan Program open_in_new Northern Shores Community Development, Inc.

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$125.7K
Revenue
$125.7K
Assets
$1.4M

IRS Business Master File Details info

As of August 2024
Exempt Ruling Date info
2008-09
Deductibility Status info
Deductible
Last Tax Filing info
2022
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

IRS Publication 78 Details info

As of August 2024
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2021-12
E-File
990
XML
990
Tax period ending in
2020-12
E-File
990
XML
990
Tax period ending in
2019-12
PDF
990
Tax period ending in
2018-12
PDF
990
E-File
990
XML
990
Tax period ending in
2017-12
PDF
990
E-File
990
XML
990
Tax period ending in
2016-12
PDF
990
E-File
990
XML
990

Nonprofit Location

Physical Address info
1131 W CONWAY RD STE A
HARBOR SPRINGS, MI 49740
Emmet County
Area Type info
Not in a Metropolitan or Micropolitan Statistical Area
FIPS Geocoded Address info
NA
MSA/MD info
26
State info
047
County info
9705.00
Tract info
Middle
Income Level info
Core-Based Statistical Area info
Not located in a CBSA.
Combined Statistical Area info
Not located in a CSA.
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 11.97%
FFIEC Distressed Census Tract info
  • Unemployment
FFIEC Underserved Census Tract info
  • Remote Rural

Market Data

Census Tract County
9705.00 Emmet County
Population
Total Population 4,936 34,072
Total Households 1,973 14,530
Income
Median Income* $69,647 $69,690
Median Family Income (2024 FFIEC est.) $78,300 $78,300
Tract Income Percentage 110.47% N/A
Below Poverty Level 10.2% 8.4%
Unemployment Level 4.6% 3.8%
Housing
Total Housing Units 2,711 21,791
Total Owner-Occupied Units 54.1% 76.0%
Total Renter-Occupied Units 18.6% 24.0%
Total Vacant Units 27.2% 5%
* Census Tract Median Income based on 2020 Tract Median Family Income as reported in the 2024 FFIEC Census Flat File. County Income based on Median Household Income as reported in the 2022 American Community Survey.
View more than 200 performance context data points for this county now.

Management

6
Total Voting Members
in Governing Body info
6
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Cindy Hendrickson
(231) 347-6753
Principal Officer info
Laura Blumberg
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2021-12.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.