Montana Community Development Corporation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
MOFI'S MISSION IS TO PROVIDE FINANCING AND ADVISORY SERVICES FOR ECONOMICALLY UNDERSERVED AND DISTRESSED POPULATIONS AND AREAS, TRANSFORMING LIVES AND COMMUNITIES.
- Income
- $35.2 million
- Spending
- $20.9 million
- Spent on programs
- 88%
- Reserves
- 49.4 months of spending
- Largest source of income
- government grants, 55%
- Employees
- 56
- Volunteers
- 9
- Highest pay
- $1.0 million, president & ceo
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 85 out of 100. Higher than 75% of charities in its peer group (community improvement, $10m to $100m).
Reserves
35 of 35Spendable reserves would cover 49.4 months of spending.
Debt
5 of 20It owes 51% of what it owns.
Living within its means
15 of 15Income exceeded spending by 41% of income.
Income trend
15 of 15Income rose 0% on the year before.
Spending floor
15 of 1588% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 90 out of 100. Higher than 23% of charities in its peer group (community improvement, $10m to $100m).
Independent board
25 of 258 of 9 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $18.4 million spent. FOUNDED IN 1986, MONTANA COMMUNITY DEVELOPMENT CORPORATION DBA MOFI ("MOFI"), IS A 501(C)(3) NONPROFIT ORGANIZATION WITH A MISSION TO PROVIDE FINANCING AND ADVISORY SERVICES FOR ECONOMICALLY UNDERSERVED AND DISTRESSED POPULATIONS AND AREAS, TRANSFORMING LIVES AND COMMUNITIES. MOFI IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION ("CDFI") THAT PRIMARILY SERVES BUSINESSES OWNED BY LOW-INCOME PEOPLE AND LOCATED IN LOW-INCOME COMMUNITIES WITH BUSINESS LOANS AND FREE TECHNICAL ASSISTANCE. MOFI IS DRIVEN BY A SIMPLE VISION: EXPANDING ACCESS TO CAPITAL FOR ENTREPRENEURS AND BUSINESS OWNERS WHO LACK IT.(CONTINUED ON SCHEDULE O)MOFI PRIMARILY SERVES CLIENTS IN FIVE STATES INCLUDING MONTANA, WYOMING, IDAHO, UTAH, AND WASHINGTON. MOFI ALSO OCCASIONALLY MAKES LOANS AND PROVIDES TECHNICAL ASSISTANCE IN OTHER STATES ACROSS THE WEST WHEN NEEDED. MOFI HAS TWO PROGRAMS: (1) THE SMALL BUSINESS LENDING PROGRAM WHICH PROVIDES LOANS OF UP TO $3 MILLION TO SMALL BUSINESSES AND (2) THE NEW MARKETS TAX CREDIT PROGRAM PROVIDING NMTC ENHANCED LOANS OF $5 MILLION TO $35 MILLION TO CATALYTIC PROJECTS IN THE REGION'S LOWEST INCOME COMMUNITIES THAT CREATE GOOD JOBS, PROVIDE CRITICAL COMMUNITY SERVICES, AND TRANSFORM THE REGION'S MOST IMPOVERISHED ECONOMIES. ALL LOANS INCLUDE FREE TECHNICAL ASSISTANCE.MOFI WHOLLY OWNS MOFI LENDING LLC, A MONTANA LIMITED LIABILITY COMPANY THAT COMMENCED OPERATIONS ON JUNE 7, 2024, FOR THE PURPOSE OF CARRYING OUT THE MISSION OF MOFI. MOFI LENDING, LLC WILL CONTINUE UNTIL TERMINATED BY MOFI AND IS COLLECTIVELY, WITH MOFI, REFERRED TO AS THE ORGANIZATION.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 1995.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.