Montana · Nonprofit
MONTANA COMMUNITY DEVELOPMENT CORP
MONTANA COMMUNITY DEVELOPMENT CORP (Montana) receives grants from 17 organizations whose IRS filings report $15,102,056 to it, the largest being GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC ($10,000,000). 11 of them have funded it in more than one year, and 66% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $35M
- Funders on record
- 17
- Grants received
- $15M
- Net assets
- $90M
What Montana Community Development Corp does
Mission
Mofi's mission is to provide financing and advisory services for economically underserved and distressed populations and areas, transforming lives and communities.
As stated on its FY2025 Form 990.
Program
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…
$18,413,393 spent$12,967,751 earned by the program100% of program spending
The program described on its FY2025 Form 990. Program spending in total: $18,413,393.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $109M to $148M (+36%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 19% · 2018 8% · 2019 1% · 2020 16% · 2021 14% · 2022 25% · 2023 37% · 2024 35% · 2025 55%. Grants only. Government contracts and fees sit inside program revenue.
58% of MONTANA COMMUNITY DEVELOPMENT CORP’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Heidi Dearment
President & CEO
Board chair
Nancy Quist
Chairperson
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 7 funders, grant income rose $250k → $437k.
4 of 17 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 66% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of MONTANA COMMUNITY DEVELOPMENT CORP’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
MONTANA COMMUNITY DEVELOPMENT CORP leans on a few funders — its largest provides 66% of grant income and the top three 88%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
70% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MONTANA COMMUNITY DEVELOPMENT CORP.
Largest funder’s share by year: 2017 60% · 2018 89% · 2019 100% · 2020 38% · 2021 89% · 2022 98% · 2023 57% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
33% of MONTANA COMMUNITY DEVELOPMENT CORP's funders are still giving 3 years after their first grant; 65% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
66% of MONTANA COMMUNITY DEVELOPMENT CORP's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $5.1M that is directly attributable, 98% of it comes from funders outside Montana, across 9 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $10M arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
MONTANA COMMUNITY DEVELOPMENT CORP runs a healthier operating margin than three-quarters of the 328 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 328 community improvement nonprofits $10M–$100M, FY2025
Government funding MONTANA COMMUNITY DEVELOPMENT CORP receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $19.3M on record.
- Department of Health and Human Services$7.1M
- Department of the Treasury$5.1M
- Small Business Administration$5.0M
- Department of Commerce$1.6M
- Department of Agriculture$443k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like MONTANA COMMUNITY DEVELOPMENT CORP
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Montana
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
88% of spending goes to programs.
Governance
Public support
93%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 13 states
Part of a family of 38 related entities
- Mofi Lending LLC · disregarded
- Arapaho Sub Cde LLC · partnership
- Avery Sub Cde LLC · partnership
- Bicycle Sub Cde LLC · partnership
- Butte Hardware Sub Cde LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for MONTANA COMMUNITY DEVELOPMENT CORP: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds MONTANA COMMUNITY DEVELOPMENT CORP?
- MONTANA COMMUNITY DEVELOPMENT CORP (Montana) receives grants from 17 organizations whose IRS filings report $15,102,056 to it, the largest being GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC ($10,000,000). 11 of them have funded it in more than one year, and 66% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does MONTANA COMMUNITY DEVELOPMENT CORP have?
- IRS filings report 17 organizations giving $15,102,056 in grants to MONTANA COMMUNITY DEVELOPMENT CORP, 11 of which have funded it in more than one year.
- Who is the largest funder of MONTANA COMMUNITY DEVELOPMENT CORP?
- GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC is the largest funder on record, with $10,000,000 in grants. The full list of funders is on this page.
- How can an organization like MONTANA COMMUNITY DEVELOPMENT CORP find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Montana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 17 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing