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
(231) 347-6753

Mission Statement info

This nonprofit has not reported a mission statement.

Founded info
2007
Total Employees info
2
Total Volunteers info
0
CRA Category info
  • Economic Development
Nonprofit location info
  • Distressed Area
  • Underserved Area
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
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.
CRA Certification info
Has not applied.
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
Most Recent CDFI Award info
2007
$149,991
Native American CDFI Assistance Technical Assistance
2005
$109,000
Native American CDFI Assistance Technical Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$19.4K
Revenue
$19.4K
Assets
$754.3K
Exempt Ruling Date info
2008-09
Deductibility Status info
Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 - Required to file Form 990-N - Income less than $25,000 per year
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)
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
1131 W CONWAY RD STE A
HARBOR SPRINGS, MI 49740
Emmet County
FIPS Geocoded Address info
NA
MSA/CBSA 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.
Area Type info
Neither
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 5.92%
Designated Distressed Census Tract info
Underserved Census Tract info
  • 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.
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
Kent Bartell
Treasurer
(231) 347-6753
Principal Officer info
Laura Blumberg
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.