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Major National Bank Recognizes NNDF and NNDF Client

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Wells Fargo Bank Produces A Video Journal

Be sure to check out THIS wonderful video produced by one of NNDF’s partners, (Wells Fargo Bank) regarding one of our Native clients.

The story chronicles the path of Theresa Desautel as she became an entrepreneur on the Colville Indian Reservation and how the Northwest Native Development Fund has worked to help her finance, grow and sustain her enterprise.

The story also highlights the working relationship that the NNDF has with Wells Fargo Bank and how important it is to have good partners as we continue to grow our efforts

It is important on a day like today (Giving Tuesday) to show stories like this. The Northwest Native Development Fund is a non-profit Community Development Financial Institution. We work to bring financing into some of the most difficult regions of the Pacific Northwest. We take chances where other for-profit organizations cannot. We are truly thankful for the support we receive from organizations like Wells Fargo Bank and other.

Please take a moment to watch the video and if you believe that this is the kind of work that you can support then take another moment to make a tax deductible donation to the NNDF here or

Here:

NW Area Foundation Publishes Profile on NNDF

Theresa Desatuel Owner, Red Willow Cafe’

The Northwest Native Development Fund would like to sincerely thank the NW Area Foundation (NWAF) for believing in us and being such a wonderful sponsor for the last 5 years. Recently the NWAF came out to visit “The Little Loan Fund That Could” and interviewed some of our wonderful clients and staff. The result was this heartwarming story and picture profile.

It does our heart good to know that we can play even a very small role in helping these Native entrepreneurs. And of course there are so many other great stories here at the NNDF and no one can cover them all.

We need to thank all our entrepreneurs, clients, staff, Board members. There are so many people who pull together to make things happen that it could literally be a book or full featured movie.

See the full NW Area Foundation story HERE and be sure to like us on Facebook HERE to see future updates and press releases.

NNDF Receives $745,500 Grant;

FOR IMMEDIATE RELEASE:

September 20, 2017

US Treasury Awards $745,500 to Leverage NNDF Funds For Small Business Financing

Coulee Dam, Washington– This week, the U.S. Treasury Department awarded the nonprofit Northwest Native Development Fund, $745,500.  The grant award is funded from the Native American CDFI Assistance program, for certified Native Community Development Financial Institutions (Native CDFIs).

“The NNDF has received 7 NACA awards since 2009 and were certified in 2011,” said Ted Piccolo, NNDF Executive Director.  “These federal resources will go a long way to helping the NNDF expand our financing activities in Indian Country. With our focus on small business lending these funds will bring more dollars to the region.”

Out of 32 applications, 20 CDFI loan funds across the nation received NACA Financial Assistance Awards, totaling $12,964,998 to awardees in 15 states. The CDFI Fund reported that, including the Technical Assistance Awardees, a total of 33 loan funds, 1 credit union, and 4 sponsoring entities were awarded a total of $15,613,767.

“This is such a great accomplishment for the NDNF,” said Piccolo.  “This award will be leveraged with other funding sources to bring over a million more dollars in capital to address small businesses in 2018”.

This U.S. Treasury Grant award will leverage with other funds to boost the NNDF small business lending funds by over one million dollars. Currently the NNDF has almost $2 million dollars in it’s small business loan portfolio and this award will help build the portfolio to over $3 million.

The Northwest Native Development Fund seeks to foster economic and financial independence for Native people by assisting in the development of personal assets through financial and entrepreneurial education as well as providing access to capital through creative lending products. For more information on the NNDF, go to www.thenndf.org or call (509) 633-9940.

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Harwood’s Bunkhouse Hotel: Success on the Divide

Dateline, Jackson Montana

The Bunkhouse Hotel, located a short drive from the mountains nestled between the continental divide trail, ski resorts, and a number of natural hot springs makes the perfect getaway for any traveler seeking solitude and relaxation. Previously the hotel served as the International Order of Odd Fellows Lodge (IOOF Hall). It served the fraternal organizations for many years until the Lodge disbanded near the turn of the century.

Visiting the hotel now it is easy to understand the vision Rick Harwood had when he decided to take on this project, however local and national banks did not share the vision and the project nearly missed being grounded on take-off.Harwood, a Montana Native American who lives in Eastern Washington, ran into some unfortunate circumstances a few years earlier. As a result Mr. Harwood’s credit had taken a terrible hit and there was little to no chance that funding would be available. That was until Rick contacted Northwest Native Development Fund. Ted Piccolo, Executive Director of NNDF, saw the potential and felt compelled to see this project through.

Rick Harwood, Owner and Operator of the Bunkhouse Hotel, purchased the building on Valentine’s Day 2015 in the quiet town of Jackson, MT, population 29. At the time the soon-to-be hotel had seen better days, standing as merely a “shell” with no pluming heating system or walls of any kind. Harwood saw potential, and after a few favors and putting in hours hammer to nail, the Bunkhouse Hotel opened in May 2015. Today, the Bunkhouse is a fully licensed hotel, eatery, tavern, laundromat, and even houses the town’s U.S. Post Office in the front lobby. Guests are invited to stay and enjoy the relaxed atmosphere of an old-west era boutique with authentic cowboy décor and ambience, all while taking in the breathtaking scenery surrounding the hotel in the Big Hole Valley of Montana. The main floor provides a relaxing living area and multiple adorable single bed private rooms as well as a full laundry area and private bathrooms. Upstairs you will find the perfect group setting for any retreat, or an opportunity to meet a new friend in the “Bunkhouse” lodging area; a large room with multiple beds, a living area with a large screen television and private bar, the ultimate group lodge.

Since working with NNDF, Rick was able to rebuild his credit nearly 100 points and reestablish his historically good credit. The Bunkhouse Hotel and Rick Harwood serve as a paradigm to the success the Native CDFI industry works towards every day. The diamond in the rough, the unfunded vision, and the development fund that believes misfortune can be turned into success with the right amount of work and guidance and some help from “the little loan fund that could.”

Plateau Native Art Show!!

NNDF-Art-Show-Poster-SocialSEPTEMBER 2ND, DON’T BE LEFT OUT!

Mark you calendars for the 3r Annual Plateau Native Art Show in Grand Coulee Dam Washington. A huge array of Native Artists will be in attendance.

This event grows more and more every year. This year we are expecting upwards of 20 artists. There will be food vendors and entertainment.

When: 8am-6pm, Saturday September 2nd

Where: North Dam Park, Grand Coulee Dam WA.

Contact: If you would like to show/sell your art at the show contact Cassandra at cassandraw@thenndf.org.

This event is made possible with generous support of the First People’s Fund.

CDFI Training For Financial Officers/Grant Mgt/Accountants

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Join us in Portland!

We will be hosting Finance Reporting & Grant Tracking Workshop on July 12-13 at the Red Lion Hotel on the River Jantzen Beach

Room blocks are available while spaces last. Reserve before June 9th and registration is FREE! Registration after June 9th will cost $220.00

Rooms are available in our room block before June 14th for $179.00 per night.

Join your industry comrades for this 2-day training where we will uncover the secrets of budgeting for non-profits, financial reporting, and steps to success for keeping your non-profit books in order.

If you have questions or would like to reserve your spot, email chrisc@thenndf.org

The room block rate will stay at $179 +tax until June 14th, just mention “CDFI training”.

Both the room block, and workshop will be located at the Red Lion Hotel, 909 N Hayden Island Dr, Portland, OR 97217. You can reserve your room under the room block rate HERE or by calling the hotel directly at (503)283-4466 and ask for the CDFI Training.


Reserve through the Red Lion
WEBSITE by June 14th to receive the discounted room rate and after you reserve your room be sure that Chris (chrisc@thenndf.org)  or Cassandra (cassandraw@thenndf.org) have your name down as an RSVP in order to attend the workshop for free.

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Come and join other Native CDFI accountants, grant managers and financial management professionals. In this two day workshop we will share how the NNDF has managed multiple income streams, grant cycles and company audits. How we have prepared for intermediary lenders and low interest EQ2 lenders. We share our best practices, mistakes and successes. It is a small gathering of individuals performing the same tasks for different but similar companies. Your company accountant/financial manager will also get time to share with others in the industry.

Wednesday
8:30am – 9:00am –
Intro: Best Practices Beginnings
The importance of laying a good foundation for managing a living, growing and changing non-profit company.

9:00am – 10:00am –
Genesis of the Bucket Grant Management System
Learn from industry professionals who have had to manage the finances of a Native CDFI with multiple revenue streams. These individuals have grown with the NNDF from small to large. Use the template we will provide to build your own “bucket.”

10:00am – 12:00pm –
Laying the foundation for your accounting system
It is important to lay the foundation for your accounting system. You set up your initial system properly and it will grow with your organization. Help your Executive Director with their long term planning and short term budget management. Lower the costs of your annual audits. 

12:00pm – 2:00pm –
Multi-Bucket Operations
Each grant source is different. Almost like people they have their own personalities, their own needs, timelines and requirements. How on earth do you keep them straight?!

2:00pm-4:00pm –
Quickbooks Operations with Multiple Grant Tracking System
Learn from a former CPA and auditor how to build your accounting system to match your grant tracking system. Keep your entire organization’s finances on track month after month.

As a CDFI you have: Grant revenue, interest revenue, other earned revenue.

You also have: Grant expense based on timing and tasks. Operational expenses, other expenses.

Thursday

9:00am – 11:00am – Lab Work
Exercises with the Grant Spreadsheet
Bring your own company’s information and use the templates provided to build a grant tracking document that fits your organization. Customize it. Play with it. And take it home to your Executive Director.

11:00am – 1:00pm –
Grant spreadsheets as an Operating Document
After learning how to create multiple “bucket” sheets you get to see how to incorporate those into a grand operating budget. This is a document that can be used year after year. Adapts to your growing organization and can be used throughout the year to track your organization’s progress.

1:00pm – 3:00pm –
Audit Preparations for full organization
Learn from a former auditor how to prepare your organization for your audit. Save your organization money on your audit. Ask questions about what an auditor is looking for. Share with other accountants and financial management professionals in the field.

FREE CDFI Financial Officers Workshop!

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Do you know a Native CDFI with an accountant? A grant manager? Would like join with some other Financial Officers and learn best practices?

Please join the NNDF as we will be hosting a free workshop in Portland Oregon on July 12-13 to cover such things as “buckets” and “classes” and “audit preparation.”

This event is free if you RSVP before June 9th. After June 9th there will be a $220 fee for the workshop.

NNDF, the little loan fund that could

During these increasingly changing times we would like to take a moment to remind folks of the many lives and busineShane.sses that the Northwest Native Development Fund has impacted over just a few short years.

  • NNDF has made over $90K in Employee loans since 2010.
    • Demand for this product has fluctuated, reaching a peak in 2013 of $22K and leveling out to a recent annual average of $13K. We attribute this decline in requests to the success of our financial coaching and family budgeting classes.
  • Small Business and Enterprise Loans total $2 million since 2011.
    • Requests for small business and larger enterprise loans have increased dramatically in the past two years in response to our increased presence and credibility within the Colville and Spokane tribal markets

Since our beginning  in 2009 the NNDF has financed small business projects to the event that we have helped to create over 300 jobs. Now THAT’S a big impact for a small loan fund.

buy localThe NNDF has brought funding to a region that has been terribly overlooked by traditional lending institutions. We have worked to get many people out of the payday loan cycle that has devastated so many lives.

And the NNDF has provided many many financial and business education classes and workshops to help people start new businesses, grow existing businesses, save for a home or to repair their credit.

  • Over 300 Jobs
  • Over $2 million in financing
  • $ Thousands saved out of high interest scams

The Northwest Native Development Fund… We do a lot with just a little.

Image Communications (Customer Service) Workshop

The NNDF is excited to offer another round of our popular “Image Communications” workshop. This time to those working within the Government Center of the ColvilCustomer Servicele Confederated Tribes in Nespelem Washington. This fast paced workshop is presented in a fun manner by Roxanne Best and
we teach people the importance of proper phone etiquette, body language, dressing for success and much more.

Your future business is based in large part on your image. Your image communicates who you are and how you live work and serve. Be sure that you are communicating the proper image of you
and your business. It’s Image Communications.

This workshop is free to those departments in the Lucy Covington Government Center. However we do ask you to notify our program coordinator ahead of time at cassandraw@thenndf.org or (509) 633-9940 if you would like to attend or to have members of your staff attend.

When: April 4th

Where: Lucy Covington Gov’t. Center Nespelem WA

Time: 10:00 – 3:00pm

Cost: Free to programs or departments within the government center with RSV

 

The NNDF

The NNDF