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Nonprofiteer
← NORTHRIDGE COMMUNITY CREDIT UNION

Form 990 for tax year 2022

Filed by NORTHRIDGE COMMUNITY CREDIT UNION.

Totals

Total revenue
$6,267,768
Total expenses
$4,825,795
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,110,428
Investment income
$137,560
Other revenue
$19,780
Total assets, end of year
$97,082,999
Total liabilities, end of year
$86,431,762
Net assets or fund balances, end of year
$10,651,237
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: INTEREST ON LOANS

    total $4,098,734 · related or exempt $4,098,734

  • 2b · Program service revenue: OTHER MEMBER RELATED REVENUE

    total $1,280,765 · related or exempt $1,280,765

  • 2c · Program service revenue: MEMBER FEE INCOME

    total $712,782 · related or exempt $712,782

  • 2d · Program service revenue: FEE & INSURANCE INCOME

    total $18,147 · unrelated business $18,147

  • 3 · Investment income

    total $153,103 · excluded $153,103

  • 5 · Royalties

    total $10,465 · excluded $10,465

  • 6a · Gross rents

    real property $9,315

  • 6c · Rental income or loss

    real property $9,315

  • 6d · Net rental income or loss

    total $9,315 · excluded $9,315

  • 7a · Gross sales of assets other than inventory

    other assets $67,300

  • 7b · Less cost or other basis and sales expenses

    other assets $82,843

  • 7c · Gain or loss

    other assets -$15,543

  • 7d · Net gain or loss

    total -$15,543 · related or exempt -$15,543

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $397,693

  • 7 · Other salaries and wages

    total $1,054,188

  • 8 · Pension plan contributions

    total $29,200

  • 9 · Other employee benefits

    total $70,463

  • 10 · Payroll taxes

    total $112,452

  • 11b · Fees: legal

    total $1,020

  • 11c · Fees: accounting

    total $25,380

  • 11g · Fees: other

    total $169,240

  • 12 · Advertising and promotion

    total $62,869

  • 13 · Office expenses

    total $983,258

  • 14 · Information technology

    total $201,745

  • 16 · Occupancy

    total $207,621

  • 19 · Conferences, conventions and meetings

    total $125,473

  • 20 · Interest

    total $58,213

  • 22 · Depreciation, depletion and amortization

    total $110,098

  • 23 · Insurance

    total $40,564

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $801,947

  • 24b · Other expenses: DIVIDENDS EXPENSE

    total $237,946

  • 24c · Other expenses: LOAN SERVICING EXPENSE

    total $71,733

  • 24d · Other expenses: OTHER MISC EXPENSES

    total $64,692

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,640,471 · end of year $2,787,990

  • 2 · Savings and temporary cash investments

    beginning of year $4,916,850 · end of year $6,466,739

  • 4 · Accounts receivable

    beginning of year $223 · end of year $58,433

  • 7 · Other notes and loans receivable

    beginning of year $55,847,074 · end of year $72,698,298

  • 9 · Prepaid expenses and deferred charges

    beginning of year $51,637 · end of year $92,570

  • 10a · Land, buildings and equipment: cost or other basis

    $7,886,610

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,400,988

  • 10c · Land, buildings and equipment, net

    beginning of year $1,891,567 · end of year $5,485,622

  • 13 · Investments: program-related

    beginning of year $8,475,837 · end of year $8,416,735

  • 15 · Other assets

    beginning of year $884,555 · end of year $1,076,612

  • 17 · Accounts payable and accrued expenses

    beginning of year $429,768 · end of year $1,170,156

  • 21 · Escrow or custodial account liability

    beginning of year $154,070 · end of year $207,376

  • 24 · Unsecured notes and loans payable

    end of year $8,000,000

  • 25 · Other liabilities

    beginning of year $63,418,802 · end of year $77,054,230

  • 31 · Retained earnings, endowment or other funds

    beginning of year $9,705,574 · end of year $10,651,237

Mission and programs · 2022

Mission

OUR PURPOSE IS TO SUPPORT THE PEOPLE IN OUR COMMUNITIES; TO ENCOURAGE THEIR LEARNING AND UNDERSTANDING OF THEIR UNIQUE FINANCIAL SITUATIONS AND PROVIDE TOOLS FOR OUR MEMBERS TO REACH THEIR DREAMS.

  • THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 4,499 NEW DEPOSIT ACCOUNTS IN 2022. AS OF 12/31/22 WE HAD 6,796 MEMBERS.

  • THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 2,405 NEW LOANS DURING 2022. AS OF 12/31/22 WE HAD 5,137 LOANS RECEIVABLE.

As filed on the 2022 return.

Listed in Part VII

  • Nicholas Mathiowetz

    PRES/CEO & S

    Total calculated
    $149,436
    From this org
    $137,831
    From related orgs
    $0
    Other
    $11,605
    Hours/week
    40

  • Winifred Koivisto

    VP ACCOUNTIN

    Total calculated
    $104,814
    From this org
    $100,846
    From related orgs
    $0
    Other
    $3,968
    Hours/week
    40

  • Elizabeth Kallevig

    VP OPERATION

    Total calculated
    $99,142
    From this org
    $95,535
    From related orgs
    $0
    Other
    $3,607
    Hours/week
    40

  • Mildred Wells-Boyer

    VP LENDING

    Total calculated
    $65,952
    From this org
    $63,481
    From related orgs
    $0
    Other
    $2,471
    Hours/week
    40

  • Susan Sowers

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Cassandra Hainey

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Nancee Ronne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mary Fleetwood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202303079349302955

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