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.
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 grants totaling $70K. Net investment income was $1.3M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
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 | — | — | — |
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
55 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest 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 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 grants 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 grants 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.
Explore Open Grants
Browse active grant opportunities in Montana Community Development Corp's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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