COOPERATIVE FUND OF NEW ENGLAND INC

NORTHAMPTON, MA | Hampshire County
Economic Development

Overview

COOPERATIVE FUND OF NEW ENGLAND INC
03-0264092
589 NORTH FARMS RD
NORTHAMPTON, MA 01062
Hampshire County
(910) 395-6008

Mission Statement info

WE ADVANCE COMMUNITY BASED, COOPERATIVE AND DEMOCRATICALLY OWNED OR MANAGED ENTERPRISES WITH PREFERENCE TO THOSE THAT SERVE LOW INCOME COMMUNITIES.

Founded info
1975
Total Employees info
7
Total Volunteers info
15
CRA Category info
  • Economic Development
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Nonprofit Classification (NTEE Code) info
T50

T - Philanthropy, Voluntarism, and Grantmaking

Philanthropy, Charity & Voluntarism Promotion

Organizations concerned with civil society, philanthropy, and the nonprofit sector who seek to promote the practice of charitable giving and voluntarism through a variety of strategies including advocacy, disclosure, information exchange, and research. (rev. 1/05)

IRS Activity Codes info
402
Other activity aimed at combating community deterioration
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813219
Other Grantmaking and Giving Services

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
9/17/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2019
$565,000
CDFI Financial Assistance
2017
$1,000,000
Healthy Food Financial Initiative Financial Assistance
2017
$686,500
CDFI Financial Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$3.4M
Revenue
$3.4M
Assets
$30.3M
Exempt Ruling Date info
1984-09
Deductibility Status info
Deductible
Tax Filing Year info
2018
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
States Where Tax Return is Filed info
MA
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 Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
589 NORTH FARMS RD
NORTHAMPTON, MA 01062
Hampshire County
FIPS Geocoded Address info
44140
MSA/CBSA info
25
State info
015
County info
8216.01
Tract info
Middle
Income Level info
Core-Based Statistical Area info
Springfield, MA
Combined Statistical Area info
Not located in a CSA.
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 30.55%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
8216.01 Hampshire County
Population
Total Population 3,486 161,032
Total Households 1,591 58,838
Income
Median Family Income (Census*) $78,036 $70,876
Median Family Income (2019 FFIEC) $76,700 N/A
Tract Income Percentage 116.11% N/A
Below Poverty Level 17.7% 12.2%
Unemployment Level 6.2% 5.5%
Housing
Total Housing Units 1,716 63,873
Total Owner-Occupied Units 53.6% 66.9%
Total Renter-Occupied Units 39.1% 33.1%
Total Vacant Units 7.3% 6.2%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

13
Total Voting Members
in Governing Body
info
12
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Dorian Gregory
Interim Co-Director
(910) 395-6008
Principal Officer info
Marilyn Scholl
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower 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

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax 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 www.learncra.com.