NORTHERN SHORES LOAN FUND INC
HARBOR SPRINGS, MI | Emmet County
Economic Development
Overview
NORTHERN SHORES LOAN FUND INC
37-1548658
1131 W CONWAY RD STE A
HARBOR SPRINGS, MI 49740
Emmet County
HARBOR SPRINGS, MI 49740
Emmet County
Mission Statement
This nonprofit has not reported a mission statement.
CRA Category
- Economic Development
Nonprofit location
- FFIEC Distressed Area
- FFIEC Underserved Area
Awards & Certifications
- CDFI Organization
- CDFI Award Recipient
Founded
Not reported
Total Employees
Not reported
Total Volunteers
Not reported
Nonprofit Classification (NTEE Code)
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
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code)
541618
Other Management Consulting Services
CRA Alignment
CRA Category
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
Community Development Financial Institution
Date Certified
10/25/2013
Native American CDFI
Y
Financial Institution Type
Loan Fund
Community Development Financial Institution Award Recipient
New Market Tax Credit Recipient
| Year | Amount | Program | Awardee Name |
| 2021 | $200,000 | CDFI Rapid Response Program (COVID-19) | Northern Shores Community Development, Inc. |
| 2017 | $522,000 | Native American CDFI Financial Assistance | Northern Shores Community Development, Inc. |
| 2019 | $300,000 | Native American CDFI Financial Assistance | Northern Shores Community Development, Inc. |
| 2021 | $250,000 | Native American CDFI Financial Assistance | Northern Shores Community Development, Inc. |
| 2015 | $149,996 | Native American CDFI Technical Assistance | Northern Shores Community Development, Inc. |
| 2020 | $150,000 | Native American CDFI Technical Assistance | Northern Shores Community Development, Inc. |
| 2022 | $98,267 | Small Dollar Loan Program | Northern Shores Community Development, Inc. |
| 2024 | $172,451 | Small Dollar Loan Program | Northern Shores Community Development, Inc. |
Includes CDFI Fund awards granted between January 2015 and December 2024
HUD Counseling Agency
Low Income Housing Tax Credit Recipient
IRS Summary
Income
$1.3M
Revenue
$299.3K
Assets
$299.3K
IRS Business Master File Details
As of March 2025
Exempt Ruling Date
2008-09
Deductibility Status
Deductible
Last Tax Filing
2023
Organization Type
Corporation
Organization Tax Filing Status
990 (all other) or 990EZ return
Foundation Tax Filing Status
990-PF not required by IRS
Affiliation Classification
Independent Organization
Basis for Foundation/Public Charity Status
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
As of March 2025
Verified in Publication 78
Yes
Deductibility Limitation
50% (60% for cash contributions)
Organization Description
A public charity
IRS Form 990 Returns
Through December 2024
Tax period ending in
2019-12
Nonprofit Location
Main Address
1131 W CONWAY RD STE A
HARBOR SPRINGS, MI 49740
Emmet County
HARBOR SPRINGS, MI 49740
Emmet County
Area Type
Not in a Metropolitan or Micropolitan Statistical Area
FIPS Geocoded Address
NA
MSA/MD
26
State
047
County
9705.00
Tract
Middle
Income Level
Core-Based Statistical Area
Not located in a CBSA.
Combined Statistical Area
Not located in a CSA.
Metropolitan Division
Not located in an MD.
Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract
11.97%
FFIEC Distressed Census Tract
- Unemployment
FFIEC Underserved Census Tract
- Remote Rural
Geographies Served
Market Data
| Census Tract | County | |
|---|---|---|
| 9705.00 | Emmet County | |
| Population | ||
| Total Population | 4,936 | 34,159 |
| Total Households | 1,973 | 14,604 |
| Income | ||
| Median Income* | $69,647 | $73,724 |
| Median Family Income (2024 FFIEC est.) | $78,300 | $79,800 |
| Tract Income Percentage | 110.47% | N/A |
| Below Poverty Level | 10.2% | 9.3% |
| Unemployment Level | 4.6% | 3.6% |
| Housing | ||
| Total Housing Units | 2,711 | 21,886 |
| Total Owner-Occupied Units | 54.1% | 76.8% |
| Total Renter-Occupied Units | 18.6% | 23.2% |
| Total Vacant Units | 27.2% | 5.5% |
* 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 2023 American Community Survey.
Management
6
Total Voting Members
in Governing Body
in Governing Body
6
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Cindy Hendrickson
Executive Director
(231) 347-6753
Executive Director
(231) 347-6753
Principal Officer
Laura Blumberg
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents
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
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 Grant Audit Performed
Organization Activities
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 2022-12.
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.
Invite this nonprofit to claim its profile
Click SEND to have findCRA deliver your invitation or COPY the text below for your own email.
close
Email this nonprofit
Update or use the text below to send an email directly to this nonprofit.
close
Request an introduction
Let us introduce you to this nonprofit organization.
close
Submit your feedback
Contact us to ask a question or provide feedback on this nonprofit.
close
Use the spaces below to describe your feedback or question about this specific nonprofit profile including:
- Asking questions about the nonprofit itself
- Gaining clarity on the information in the nonprofit profile
- Reporting issues with data formatting or missing data
add_location
Add Geographies
Select counties or states to be added to this profile.Your selections will be submitted for review and approval. After we accept your request, your selections will be included here and will update related search results.
search
Geographies to add:
location_off
Remove Geographies
Select counties or states to be removed from this profile.Your selections will be submitted for review and approval. After we accept your request, your selections will be removed and will update related search results.
search