Montana Community Development Corp
Mofi's mission is to provide financing and advisory services for economically underserved and distressed populations and areas, transforming lives and communities.
Montana Community Development Corp at a glance
- Total assets
- $184,856,671
- +24.9% vs 2024
- Revenue (2025)
- $35,188,901
- +0.3% vs 2024
- Net investment income (2025)
- $1,879,062
- +43.4% vs 2024
- Expenses (2025)
- $20,879,281
- +9.5% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Montana Community Development Corp funds
How this funder distributes its grants
Grant Size Distribution
71 grants across all recorded years
The most common grant size was under $50K: 70 grants of 71 (99%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Montana Community Development Corp gives
- Giving grew 483% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $12K (2021) to $561K (2022). In 2024 it made 1 grant totaling $70K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Utah State University Logan, UT | Project Support | $70,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $184,856,671 | $35,188,901 | $20,879,281 | — | — | $1,879,062 |
| 2024 | $147,958,538 | $35,080,929 | $19,074,018 | $70,000 | 1 | $1,310,203 |
| 2023 | $108,692,503 | $18,875,682 | $13,420,404 | $60,000 | 3 | $1,031,270 |
| 2022 | $89,408,341 | $20,160,998 | $9,817,635 | $561,000 | 66 | $96,945 |
| 2021 | $128,107,962 | $17,427,104 | $10,439,004 | $12,000 | 1 | $115,980 |
| 2020 | $91,314,277 | $15,132,127 | $10,202,019 | — | — | $102,572 |
About Montana Community Development Corp
Based on IRS filings
Montana Community Development Corp is a public charity focused on Community Improvement & Capacity Building, based in Missoula, MT. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $184.9M in total assets. Net investment income was $1.9M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Montana Community Development Corp is led by Heidi Dearment, President & CEO since 2024 (on filings since 2020); 11 of 20 officers listed in 2025 are compensated.
Officers on the 2025 filing
Heidi Dearment
President & CEO
Vice President & CFO → Vice President, 2023
Vice President → President & CEO, 2024
On filings since 2020
40 hrs/week
$345K (2020) → $994K (2025)
Nancy Quist
Chairperson
On filings since 2020
1 hr/week
No compensation reported
Kalli Ryti
Director
On filings since 2020
1 hr/week
No compensation reported
Don King
Director
On filings since 2021
1 hr/week
No compensation reported
Serena Rundberg
Director
On filings since 2021
1 hr/week
No compensation reported
Jordan Ruiz
Director
On filings since 2024
1 hr/week
No compensation reported
Jose Villalobos
Director
On filings since 2024
1 hr/week
No compensation reported
Robert Villareal
Director
On filings since 2024
1 hr/week
No compensation reported
Ben Wright
Vice President
Director of Operations → Chief Operating Officer, 2023
Chief Operating Officer → Vice President, 2024
On filings since 2020
40 hrs/week
$127K (2020) → $642K (2025)
Rachel McDonough
Controller
Director of Finance → Controller, 2023
On filings since 2020
40 hrs/week
$157K (2020) → $229K (2025)
Alyssa Peterman
Chief Sales Officer
Business Development Manager → Chief Sales Officer, 2024
On filings since 2022
40 hrs/week
$119K (2022) → $191K (2025)
Greg Astle
CFO
Director of Tax Credit Len → CFO, 2023
On filings since 2022
40 hrs/week
$345K (2022) → $710K (2025)
Leah Knickerbocker
Chief Lending Officer
On filings since 2022
40 hrs/week
$143K (2022) → $289K (2025)
Kandra Roberts
Chief Impact Officer
Director of Impact & Compliance → Chief Impact Officer, 2025
On filings since 2024
40 hrs/week
$180K (2024) → $224K (2025)
Madison Brooke
Chief Operations Officer
Chief Operating Officer → Chief Operations Officer, 2025
On filings since 2024
40 hrs/week
$170K (2024) → $216K (2025)
Barb Rigg
Loan Officer
New on the 2025 filing
40 hrs/week
$192K (2025)
Kala Biittner
Nmtc Accounting & Compliance Manager
New on the 2025 filing
40 hrs/week
$173K (2025)
Molly Howard
Chief Legal Counsel
New on the 2025 filing
40 hrs/week
$182K (2025)
Tom Serverson
Secretary
Director → Secretary, 2021
On filings since 2020
1 hr/week
No compensation reported
Allison Johnston
Treasurer
Director → Treasurer, 2023
On filings since 2021
1 hr/week
No compensation reported
Former officers (15)
- Former: Betsy Beauvais (2020–2024) — Chief Learning & Development
- Former: Bob Gauthier (2020–2024) — Outgoing Director
- Former: David Glaser (2020–2024) — Outgoing President
- Former: Lisa Cooper (2020–2024) — Outgoing Director
- Former: Natalie Camacho Mendoza (2020–2024) — Outgoing Director
- Former: Sara Smith (2020–2024) — Outgoing Director
- Former: Katherine Lane (2024) — Chief People Officer
- Former: Jodi Hubble (2023) — Director of Development
- Former: Dave Burner (2020–2021) — Director
- Former: Elizabeth Addington (2020–2021) — Director of Marketing
- Former: Gregory Astle (2020–2021) — Director of Tax Credit Len
- Former: Pri Fernando (2020–2021) — Director
- Former: Bob Dean (2020) — Director
- Former: Charles Rial (2020) — Outgoing Director
- Former: Tom McMakin (2020) — Outgoing Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $994K, to Heidi Dearment (President & CEO). 11 officers or directors reported compensation on that filing.
Frequently asked questions about Montana Community Development Corp
How large is Montana Community Development Corp?
Montana Community Development Corp reported $184.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $35.2M.
What is Montana Community Development Corp?
Montana Community Development Corp is a public charity focused on Community Improvement & Capacity Building, based in Missoula, MT. It holds $184.9M in total assets as of 2025.
Where does Montana Community Development Corp operate?
Montana Community Development Corp has awarded grants in California, Montana, Utah.
What is Montana Community Development Corp's EIN?
Montana Community Development Corp's EIN (Employer Identification Number) is 81-0500256. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Montana Community Development Corp funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Montana Community Development Corp's focus areas in our free grants database
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Montana Community Development Corp down — hundreds of funders to go?