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Nonprofiteer
← NORTHWEST COMMUNITY CREDIT UNION

Form 990 for tax year 2022

Filed by NORTHWEST COMMUNITY CREDIT UNION.

Totals

Total revenue
$2,057,279
Total expenses
$1,918,895
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,725,949
Investment income
$331,330
Other revenue
$0
Total assets, end of year
$64,457,976
Total liabilities, end of year
$59,028,309
Net assets or fund balances, end of year
$5,429,667
Program services expenses (Part IX)
$1,918,895
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,918,895

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 $1,725,949 · related or exempt $1,725,949 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $331,330 · related or exempt $331,330 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $560,581 · program services $560,581

  • 9 · Other employee benefits

    total $84,225 · program services $84,225

  • 10 · Payroll taxes

    total $47,045 · program services $47,045

  • 11b · Fees: legal

    total $7,076 · program services $7,076

  • 11c · Fees: accounting

    total $35,292 · program services $35,292

  • 11g · Fees: other

    total $105,907 · program services $105,907

  • 12 · Advertising and promotion

    total $81,071 · program services $81,071

  • 13 · Office expenses

    total $57,486 · program services $57,486

  • 14 · Information technology

    total $146,780 · program services $146,780

  • 16 · Occupancy

    total $210,066 · program services $210,066

  • 17 · Travel

    total $28,129 · program services $28,129

  • 19 · Conferences, conventions and meetings

    total $17,823 · program services $17,823

  • 20 · Interest

    total $322,469 · program services $322,469

  • 22 · Depreciation, depletion and amortization

    total $36,819 · program services $36,819

  • 23 · Insurance

    total $49,609 · program services $49,609

  • 24a · Other expenses: Provision for Loan Loss

    total $30,000 · program services $30,000 · management and general $0 · fundraising $0

  • 24b · Other expenses: Debit Card Program

    total $24,944 · program services $24,944 · management and general $0 · fundraising $0

  • 24c · Other expenses: Visa Program

    total $8,212 · program services $8,212 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $65,361 · program services $65,361

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $362,703 · end of year $446,474

  • 2 · Savings and temporary cash investments

    beginning of year $3,837,158 · end of year $3,455,944

  • 4 · Accounts receivable

    beginning of year $55,719 · end of year $260,304

  • 5 · Loans and receivables from officers and key people

    beginning of year $1,559,725 · end of year $1,596,475

  • 7 · Other notes and loans receivable

    beginning of year $31,180,918 · end of year $37,632,949

  • 9 · Prepaid expenses and deferred charges

    beginning of year $306,770 · end of year $389,715

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

    $641,870

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

    $497,454

  • 10c · Land, buildings and equipment, net

    beginning of year $121,841 · end of year $144,416

  • 11 · Investments: publicly traded securities

    beginning of year $8,804,153 · end of year $9,733,313

  • 12 · Investments: other securities

    beginning of year $10,209,250 · end of year $8,962,000

  • 15 · Other assets

    beginning of year $1,710,902 · end of year $1,836,386

  • 17 · Accounts payable and accrued expenses

    beginning of year $143,943 · end of year $214,132

  • 25 · Other liabilities

    beginning of year $51,678,182 · end of year $58,814,177

  • 27 · Net assets without donor restrictions

    beginning of year $4,124,473 · end of year $3,227,126

  • 28 · Net assets with donor restrictions

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

Mission and programs · 2022

Activities or mission (Part I)

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

  • Program Service revenue and expenses

    Expenses $1,918,895 · Revenue $2,057,279

As filed on the 2022 return.

Listed in Part VII

  • Jose Garcia

    President/CEO

    Total calculated
    $173,408
    From this org
    $173,408
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,408
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $173,408

  • Gabby Gomez

    VP

    Total calculated
    $0
    Hours/week
    40

  • Emir Abinion

    Chairman of Board

    Total calculated
    $0
    Hours/week
    0

  • James Thompson

    Secretary

    Total calculated
    $0
    Hours/week
    0

  • Leon Mitchell

    Vice Chairman

    Total calculated
    $0
    Hours/week
    0

  • Ximena Granda

    Chair Supervisory Committee

    Total calculated
    $0
    Hours/week
    0

  • Nicholas Mancari

    Director

    Total calculated
    $0
    Hours/week
    0

  • Santino Bibbo

    Director

    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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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
2022
Filed
9 May 2023
IRS schema version
2022v5.0
Source object
202321299349302607

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