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.
Key facts about Montana Community Development Corp
- EIN
- 81-0500256
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $70,000
- Grants made (2024)
- 1
- Average grant
- $70,000
- Median grant
- $70,000
- Total assets
- $147,958,538
- Primary geography
- Utah (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How Montana Community Development Corp gives
- Giving grew 483% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Montana Community Development Corp
- How to evaluate Montana Community Development Corp as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$148.0M
+36.1% YoY
Annual Giving
$70K
+16.7% YoY
Grant Count
1
-66.7% YoY
Avg Grant Size
$70K
+250.0% YoY
About Montana Community Development Corp
Based on IRS filings
Montana Community Development Corp is a nonprofit organization focused on Community Improvement & Capacity Building, based in Missoula, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $148.0M in total assets. In 2024, it awarded 1 grant totaling $70K. Net investment income was $1.3M.
Focus Areas
Ready to take the next step with Montana Community Development Corp?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $147,958,538 | $108,692,503 | $89,408,341 |
| Revenue | $35,080,929 | $18,875,682 | $20,160,998 |
| Expenses | $19,074,018 | $13,420,404 | $9,817,635 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,310,203 | $1,031,270 | $96,945 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
71 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Utah State University ($70,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UTAH STATE UNIVERSITY Logan, UT | PROJECT SUPPORT | $70,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Heidi Dearment | President & CEO (From 2/24) | 40 | $836,302 |
| David Glaser | Outgoing President (Through 5/24) | 40 | $454,772 |
| Nancy Quist | Chairperson | 1 | — |
| Tom Severson | Secretary | 1 | — |
| Allison Johnston | Treasurer | 1 | — |
| Kalli Ryti | Director | 1 | — |
| Sara Smith | Outgoing Director | 1 | — |
| Robert Villareal | Director (From 3/24) | 1 | — |
| Natalie Camacho Mendoza | Outgoing Director | 1 | — |
| Lisa Cooper | Outgoing Director | 1 | — |
| Serena Rundberg | Director | 1 | — |
| Jose Villalobos | Director (From 3/24) | 1 | — |
| Don King | Director | 1 | — |
| Bob Gauthier | Outgoing Director | 1 | — |
| Jordan Ruiz | Director (From 9/24) | 1 | — |
| Greg Astle | CFO | 40 | $598,295 |
| Ben Wright | Vice President (From 11/24) | 40 | $491,789 |
| Leah Knickerbocker | Chief Lending Officer | 40 | $209,369 |
| Alyssa Peterman | Chief Sales Officer | 40 | $217,293 |
| Betsy Beauvais | Chief Learning and Develop | 40 | $475,995 |
| Rachel McDonough | Controller | 40 | $247,873 |
| Kandra Roberts | Director of Impact & Compliance | 40 | $179,573 |
| Madison Brooke | Chief Operating Officer | 40 | $170,195 |
| Katherine Lane | Chief People Officer | 40 | $220,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Montana Community Development Corp?
Montana Community Development Corp is a nonprofit organization focused on Community Improvement & Capacity Building, based in Missoula, MT. It holds $148.0M in total assets as of 2024.
How large is Montana Community Development Corp?
As of 2024, Montana Community Development Corp holds $148.0M in total assets with $35.1M in annual revenue. It awarded 1 grant totaling $70K in 2024.
Where does Montana Community Development Corp operate?
Montana Community Development Corp has awarded grants in California, Montana, Utah.
What size grants does Montana Community Development Corp award?
In 2024, Montana Community Development Corp awarded 1 grant totaling $70K — an average of about $70K per grant, based on its IRS Form 990 filings.
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 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.