EIN 92-0177969

Cook Inlet Lending Center

Name: Cook Inlet Lending Center financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Anchorage

State

Alaska

Year formed

2001

Most recent tax filings

2022-12-01

NTEE code, primary

S20: Community, Neighborhood Development, Improvement

Description

Cook Inlet Lending Center is a nonprofit lending entity that promotes and provides lending products and services to low-income persons, primarily those of American Indian/Alaska Native descent in the Cook Inlet region. Its home buyer loan program offers assistance to eligible applicants financing a home within the region through mortgage down payments or second mortgages secured by a deed of trust on the property. The center is located in Anchorage, AK.

Total revenues

$2,983,120

2022

Total expenses

$2,256,443

2022

Total assets

$29,170,429

2022

Num. employees

2022

Program areas at Cook Inlet Lending Center

Home buyer loan program provides assistance to eligible applicants as they finance a home within the Cook Inlet region in the form of a mortgage down payment or a second mortgage secured by a deed of trust on the property.

Who funds Cook Inlet Lending Center

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Opportunity Finance Network (OFN)	2022-12	Ofn Cdfi Tech Grant Program Supported By Google.org	$75,000

Personnel at Cook Inlet Lending Center

Name	Title	Compensation	Date of data
Clayton Bourne	Chief Financial Officer		2023-11-15
Sarah Waldron	Vice President of Finance / Controller		2021-10-12
Michael Tickle	General Manager	$155,284	2022-12-31
Gabe Layman	Executive Vice President and General Counsel		2021-07-08
Jeff Tickle	Past General Manager	$152,694	2021-12-31
...and 3 more key personnel

Financials for Cook Inlet Lending Center

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$2,401,657	$13,633,147	-82.4%
Program services	$0	$758,258	-100%
Investment income and dividends	$507,068	$498,436	1.7%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$74,395	$29,208	154.7%
Total revenues	$2,983,120	$14,919,049	-80%

Form 990s for Cook Inlet Lending Center

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-15	990	View PDF
2021-12	2022-10-28	990	View PDF
2020-12	2021-10-12	990	View PDF
2019-12	2021-02-17	990	View PDF
2018-12	2019-11-01	990	View PDF
...and 8 more Form 990s

Organizations like Cook Inlet Lending Center

Organization	Type	Location	Revenue
Seattle Economic Development Fund Business Impact NW	501(c)(3)	Tukwila, WA	$9,619,486
Coastal Enterprises (CEI)	501(c)(3)	Brunswick, ME	$13,614,519
Johnstown Area Regional Industries	501(c)(3)	Johnstown, PA	$1,565,309
Institute Capital	501(c)(3)	Durham, NC	$2,867,118
Community Housing Capital (CHC)	501(c)(3)	Decatur, GA	$11,518,951
Cincinnati Development Fund (CDF)	501(c)(3)	Cincinnati, OH	$10,309,687
Working Solutions Cdfi	501(c)(3)	San Francisco, CA	$2,670,816
Grow South Dakota / Northeast South Dakota Economic Corporation	501(c)(3)	Sisseton, SD	$2,763,514
Northern California Community Loan Fund	501(c)(3)	San Francisco, CA	$13,288,785
Cofecc	501(c)(3)	San Juan, PR	$779,991

Data update history

January 6, 2024

Posted financials

Added Form 990 for fiscal year 2022

November 27, 2023

Received grants

Identified 1 new grant, including a grant for $75,000 from Opportunity Finance Network (OFN)

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

July 6, 2023

Updated personnel

Identified 2 new personnel

June 13, 2023

Received grants

Identified 2 new grant, including a grant for $100,000 from Rasmuson Foundation

Nonprofit Types

Business and community development organizationsCommunity Development Financial InstitutionsHeadquarter / parent organizationsCharities

Issues

Community improvementEconomic development

Characteristics

State / local levelReceives government fundingTax deductible donations

General information

Address: 3600 Spenard Rd 100; Anchorage, AK 99503
Metro area: Anchorage, AK
County: Anchorage Municipality, AK
Website URL: cookinlethousing.org/
Phone: (907) 793-3000

IRS details

EIN: 92-0177969
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 2001
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S20: Community, Neighborhood Development, Improvement
NAICS code, primary: 522120: Savings Institutions
Parent/child status: Central organization

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Cook Inlet Lending Center

Program areas at Cook Inlet Lending Center

Who funds Cook Inlet Lending Center

Personnel at Cook Inlet Lending Center

Financials for Cook Inlet Lending Center

Form 990s for Cook Inlet Lending Center

Organizations like Cook Inlet Lending Center

Nonprofits

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