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
(231) 347-6753
Mission Statement
This nonprofit has not reported a mission statement.
Founded
2007
Total Employees
2
Total Volunteers
0
CRA Category
- Economic Development
Nonprofit location
- Distressed Area
- Underserved Area
Awards & Certifications
- CDFI Organization
- CDFI Award Recipient
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.
CRA Certification
Has not applied.
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
Most Recent CDFI Award
| ||
2007 |
$149,991 |
Native American CDFI Assistance Technical Assistance |
2005 |
$109,000 |
Native American CDFI Assistance Technical Assistance |
New Market Tax Credit Recipient
HUD Counseling Agency
Low Income Housing Tax Credit Recipient
IRS Summary
Income
$19.4K
Revenue
$19.4K
Assets
$754.3K
Exempt Ruling Date
2008-09
Deductibility Status
Deductible
Tax Filing Year
2018
Organization Type
Corporation
Organization Tax Filing Status
990 - Required to file Form 990-N - Income less than $25,000 per year
Foundation Tax Filing Status
990-PF not required by IRS
Affiliation Classification
Independent Organization
States Where Tax Return is Filed
Not reported
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 Reported Activities
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
1131 W CONWAY RD STE A
HARBOR SPRINGS, MI 49740
Emmet County
HARBOR SPRINGS, MI 49740
Emmet County
FIPS Geocoded Address
NA
MSA/CBSA
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.
Area Type
Neither
Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract
5.92%
Designated Distressed Census Tract
Underserved Census Tract
- Remote Rural
Market Data
Census Tract | County | |
---|---|---|
9705.00 | Emmet County | |
Population | ||
Total Population | 4,625 | 33,104 |
Total Households | 1,744 | 14,463 |
Income | ||
Median Family Income (Census*) | $57,031 | $55,829 |
Median Family Income (2019 FFIEC) | $58,600 | N/A |
Tract Income Percentage | 106.34% | N/A |
Below Poverty Level | 12.2% | 9.1% |
Unemployment Level | 7.2% | 4.9% |
Housing | ||
Total Housing Units | 2,447 | 21,678 |
Total Owner-Occupied Units | 61.2% | 72.8% |
Total Renter-Occupied Units | 10.1% | 27.2% |
Total Vacant Units | 28.7% | 6.9% |
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
Management
6
Total Voting Members
in Governing Body
in Governing Body
6
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Kent Bartell
Treasurer
(231) 347-6753
Treasurer
(231) 347-6753
Principal Officer
Laura Blumberg
Key Policies & Documents
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
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.
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