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Nonprofiteer
← NORTHWEST COMMUNITY CREDIT UNION

Form 990 for tax year 2023

Filed by NORTHWEST COMMUNITY CREDIT UNION.

Totals

Total revenue
$2,871,247
Total expenses
$2,776,745
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,319,851
Investment income
$551,396
Other revenue
$0
Total assets, end of year
$67,217,278
Total liabilities, end of year
$61,775,143
Net assets or fund balances, end of year
$5,442,135
Program services expenses (Part IX)
$2,776,745
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,776,745

Program services were 100.0% 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.

  • 2f · All other program service revenue

    total $2,319,851 · related or exempt $2,319,851

  • 3 · Investment income

    total $551,396 · related or exempt $551,396

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $631,013 · program services $631,013

  • 9 · Other employee benefits

    total $59,275 · program services $59,275

  • 10 · Payroll taxes

    total $57,106 · program services $57,106

  • 11b · Fees: legal

    total $2,250 · program services $2,250

  • 11c · Fees: accounting

    total $51,191 · program services $51,191

  • 11g · Fees: other

    total $195,301 · program services $195,301

  • 12 · Advertising and promotion

    total $75,529 · program services $75,529

  • 13 · Office expenses

    total $51,607 · program services $51,607

  • 14 · Information technology

    total $166,270 · program services $166,270

  • 16 · Occupancy

    total $193,749 · program services $193,749

  • 17 · Travel

    total $29,244 · program services $29,244

  • 19 · Conferences, conventions and meetings

    total $8,647 · program services $8,647

  • 20 · Interest

    total $1,075,196 · program services $1,075,196

  • 22 · Depreciation, depletion and amortization

    total $46,516 · program services $46,516

  • 23 · Insurance

    total $32,712 · program services $32,712

  • 24a · Other expenses: Debit Card Program

    total $19,280 · program services $19,280

  • 24b · Other expenses: Provision for Loan Loss

    total $40,800 · program services $40,800

  • 24c · Other expenses: Visa Program

    total $18,571 · program services $18,571

  • 24e · All other expenses

    total $22,488 · program services $22,488

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $446,474 · end of year $338,084

  • 2 · Savings and temporary cash investments

    beginning of year $3,455,944 · end of year $1,487,832

  • 4 · Accounts receivable

    beginning of year $260,304 · end of year $552,866

  • 5 · Loans and receivables from officers and key people

    beginning of year $1,596,475 · end of year $2,733,626

  • 7 · Other notes and loans receivable

    beginning of year $37,632,949 · end of year $41,434,583

  • 9 · Prepaid expenses and deferred charges

    beginning of year $389,715 · end of year $418,982

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

    $655,828

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

    $532,047

  • 10c · Land, buildings and equipment, net

    beginning of year $144,416 · end of year $123,781

  • 11 · Investments: publicly traded securities

    beginning of year $9,733,313 · end of year $9,009,382

  • 12 · Investments: other securities

    beginning of year $8,962,000 · end of year $8,963,000

  • 15 · Other assets

    beginning of year $1,836,386 · end of year $2,155,142

  • 17 · Accounts payable and accrued expenses

    beginning of year $214,132 · end of year $109,287

  • 25 · Other liabilities

    beginning of year $58,814,177 · end of year $61,665,856

  • 27 · Net assets without donor restrictions

    beginning of year $3,227,126 · end of year $3,239,593

  • 28 · Net assets with donor restrictions

    beginning of year $2,202,541 · end of year $2,202,541

Mission and programs · 2023

Mission

To Provide low cost loan and deposit products to our membership on a cooperative basis.

  • Program service revenue and expenses

    Expenses $2,776,745 · Revenue $2,871,247

As filed on the 2023 return.

Listed in Part VII

  • Gabby Gomez

    VP

    Total calculated
    $0
    Hours/week
    40

  • Jose Garcia

    President/CEO

    Total calculated
    $280,074
    From this org
    $280,074
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,422
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $271,422

  • Emir Abinion

    Chairman of Board

    Total calculated
    $0
    Hours/week
    0

  • Leon Mitchell

    Vice Chairman

    Total calculated
    $0
    Hours/week
    0

  • Santino Bibbo

    Secretary

    Total calculated
    $0
    Hours/week
    0

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

None.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
11 May 2024
IRS schema version
2023v5.0
Source object
202441329349301304

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