GREAT FALLS DEVELOPMENT AUTHORITY INC | GROW GREAT FALLS

GREAT FALLS, MT | Cascade County
Economic Development

Overview

GREAT FALLS DEVELOPMENT AUTHORITY INC | GROW GREAT FALLS
81-0465605
405 S 3RD ST NW
GREAT FALLS, MT 59404
Cascade County
(406) 564-0957

info@growgreatfalls.org
Mission Statement info

GROW DIVERSE ECONOMIC OPPORTUNITIES THAT ENHANCE QUALITY OF LIFE.

CRA Category info
  • Economic Development
Nonprofit location info
  • LMI Census Tract
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded info
1992
Total Employees info
16
Total Volunteers info
47
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
400
Area development, redevelopment of renewal
403
Attracting new industry or retaining industry in an area
402
Other activity aimed at combating community deterioration
Standard Business Classification (NAICS Code) info
541618
Other Management Consulting Services
Targeted Clients info
  • Economically Disadvantaged
  • Entrepreneurs
  • General Public
  • Inmates or Ex-Offenders
  • LGBTQ Individuals
  • Men
  • Military
  • Minority Individuals
  • Minority-Owned Businesses
  • Native Americans
  • Nonprofits
  • People outside the U.S.
  • Rural Residents
  • Small Businesses
  • Small Farms
  • Tribal Organizations
  • Underbanked or Unbanked
  • Veterans
  • Unemployed
  • Women
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
58%
Percent LMI Served info
as reported by the nonprofit
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.
LOWHIGH
LOWHIGH
LOWHIGH
LOWHIGH
Programs & Services info
Start or Grow a Business
Whether your business is growing, innovating, or just getting started, we offer a variety of tools and resources, including, but not limited to: Strategic planning Expansion planning Business planning COVID-19 planning Disaster preparedness Loan packaging assistance Customer and competition research Buying and selling a business Hiring employees Financial analysis Operational efficiency Startup assistance Government contracting assistance Supply chain management Low, and no-cost business training.
Targeted Clients info
  • Economically Disadvantaged
  • Entrepreneurs
  • Military
  • Minority-Owned Businesses
  • Native Americans
  • Nonprofits
  • Rural Residents
  • Small Businesses
  • Veterans
  • Unemployed
  • Women
  • Women-Owned Businesses
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
Food & Ag Development Center
Special focus is placed on agriculture, bioscience, biofuels, food, and natural resource development drawing on the rich geography of the 13-county trade area of Great Falls. The region is marked by a world-renowned agricultural production zone and a resourceful and innovative population calling the region home. The Great Falls FADC is focused on where food and agriculture are headed in the face of 2050 when we will see 10 billion people with increased levels of global incomes inhabit our globe.
Targeted Clients info
  • Economically Disadvantaged
  • Entrepreneurs
  • Men
  • Military
  • Minority Individuals
  • Minority-Owned Businesses
  • Native Americans
  • Rural Residents
  • Small Businesses
  • Small Farms
  • Veterans
  • Women
  • Women-Owned Businesses
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
Financing
We finance what banks and credit unions can’t. We fill gaps for developers, nonprofits, business expansions, and business startups. We provide loans for financial gaps in projects, bridge loans to get your project moving quicker, SBA 504 loans to lock in low interest rates for the life of the loan, and Brownfield clean up loans. Here are some examples of ways we can help: Loans for working capital, equipment, training, product development, renovations and new construction. Start-ups, expansions, modernizations, re-structuring and acquisitions. Flexible loan terms Access to technical assistance, business training, loan guarantees and equity sources. Environmental Cleanup & Assessment
Targeted Clients info
  • Entrepreneurs
  • LGBTQ Individuals
  • Men
  • Military
  • Minority Individuals
  • Minority-Owned Businesses
  • Native Americans
  • Nonprofits
  • Small Businesses
  • Small Farms
  • Tribal Organizations
  • Underbanked or Unbanked
  • Veterans
  • Women
  • Women-Owned Businesses
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
Government Contracting
Great Falls PTAC is the bridge between government buyers and Montana businesses. How we can help Get your business registered in the System for Awards Management (SAM) Provide education in the methods, requirements and regulations of government procurement – so you can secure contracts Work as an intermediary between contracting officers and suppliers to resolve contract problems that may occur during the life of your contract.
Targeted Clients info
  • Entrepreneurs
  • Military
  • Minority-Owned Businesses
  • Tribal Organizations
  • women-owned-businesses
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
1/28/2014
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2019
$650,000
CDFI Financial Assistance
2018
$700,000
CDFI 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
$3.1M
Revenue
$3.1M
Assets
$11.3M
Exempt Ruling Date info
1992-06
Deductibility Status info
Deductible
Last Tax Filing info
2020
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
Not reported
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)

Nonprofit Location

Physical Address info
405 S 3RD ST NW
GREAT FALLS, MT 59404
Cascade County
FIPS Geocoded Address info
24500
MSA/CBSA info
30
State info
013
County info
0016.00
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
Great Falls, MT
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 14.32%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info
  • MT - Blaine County
  • MT - Cascade County
  • MT - Chouteau County
  • MT - Fergus County
  • MT - Glacier County
  • MT - Hill County
  • MT - Judith Basin County
  • MT - Lewis and Clark County
  • MT - Liberty County
  • MT - Meagher County
  • MT - Pondera County
  • MT - Teton County
  • MT - Toole County

Market Data

Census Tract County
0016.00 Cascade County
Population
Total Population 4,673 81,625
Total Households 1,916 34,329
Income
Median Family Income (Census*) $34,507 $49,913
Median Family Income (2019 FFIEC) $63,300 N/A
Tract Income Percentage 59.39% N/A
Below Poverty Level 31.9% 13.3%
Unemployment Level 9.2% 3.9%
Housing
Total Housing Units 1,972 38,857
Total Owner-Occupied Units 52.7% 64.4%
Total Renter-Occupied Units 44.4% 35.6%
Total Vacant Units 2.8% 8.5%
* 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

34
Total Voting Members
in Governing Body
info
34
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Brett Doney
President
(406) 750-2119
Principal Officer info
Brett Doney
findCRA Profile Owner
Heidi Gibson
Resource Director
heidi@growgreatfalls.org
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
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

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

This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. 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.