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Montana Community Development Corp
Also known as Mofi
Montana Community Development Corp reported $35.2 million in revenue and $20.9 million in expenses for calendar year 2025. Of every $100 it spent, $88.19 went to program services, $11.48 to management and general costs and $0.33 to fundraising. Its largest source of revenue was contributions and grants: 57.8% of the total. Government grants made up 54.9%. The highest compensation it reported for one person was $1,008,884 (PRESIDENT & CEO). 24 people received more than $100,000 in reportable compensation. Revenue rose 275% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $21MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $35MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.2% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.5% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.3% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 57.8% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 54.9% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 36.9% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,008,884 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.83% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 24 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 51.9 | 9.2 |
| Independent voting board members Part VI 1a–1b | 8 of 9 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseFounded in 1986, Montana Community Development corporation dba mofi ("mofi"), is a 501(c)(3) nonprofit organization with a mission to provide financing and advisory services for economically underserved and distressed populations and areas, transforming lives and communities. Mofi is a Community Development financial institution ("cdfi") that primarily serves businesses owned by low-income people and located in low-income communities with business loans and free technical assistance. Mofi is driven by a simple vision: expanding access to capital for entrepreneurs and business owners who lack…
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Director/trustee, officer, 40.00 hrs/week | $993,584 | $0 | $15,300 | $1,008,884 |
| CFO Officer, 40.00 hrs/week | $710,257 | $0 | $14,530 | $724,787 |
| VICE PRESIDENT Officer, 40.00 hrs/week | $641,595 | $0 | $17,000 | $658,595 |
| CHIEF LENDING OFFICER (THRU 11/25) Key employee, 40.00 hrs/week | $289,281 | $0 | $7,167 | $296,448 |
| CONTROLLER Highest compensated employee, 40.00 hrs/week | $228,927 | $0 | $13,785 | $242,712 |
| CHIEF IMPACT OFFICER Key employee, 40.00 hrs/week | $223,715 | $0 | $13,000 | $236,715 |
| CHIEF OPERATIONS OFFICER Highest compensated employee, 40.00 hrs/week | $215,810 | $0 | $12,833 | $228,643 |
| CHIEF SALES OFFICER Key employee, 40.00 hrs/week | $191,271 | $0 | $5,000 | $196,271 |
24 people received more than $100,000 in reportable compensation from Montana Community Development Corp (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.1M (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 8 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 556
- Volunteers Part I, line 69
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses onlyIndividuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
6 private foundations reported grants to Montana Community Development Corp totaling $187K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Montana Community Development Corp's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Montana Community Development Corp, you can publish a response that is linked from this page.
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Of every $100 Montana Community Development Corp spent in 2025, $88.19 went to programs. The full breakdown, from its IRS Form 990:
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All community improvement & capacity building charities · Largest charities in Montana
Questions people ask
How much of Montana Community Development Corp's spending goes to programs?
In calendar year 2025, Montana Community Development Corp reported that 88.2% of its $20.9 million in expenses went to program services, 11.5% to management and general and 0.3% to fundraising (Form 990, Part IX).
How much does Montana Community Development Corp pay its top executive?
The largest total compensation Montana Community Development Corp reported for one person in calendar year 2025 was $1,008,884, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Montana Community Development Corp get its money?
Of $35.2 million in revenue in calendar year 2025, 57.8% came from contributions and grants (including 54.9% from government grants) and 36.9% from program service revenue (Form 990, Part VIII).
Is Montana Community Development Corp a registered charity?
The IRS lists EIN 81-0500256 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202621329349306467 · read the filing
- 2024: Form 990 for calendar year 2024, object 202531359349304033 · read the filing
- 2023: Form 990 for calendar year 2023, object 202432969349301388 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323139349300147 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243089349301544 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123089349301462 · read the filing
- 2019: Form 990 for calendar year 2019, object 202022619349300322 · read the filing
All filings for EIN 81-0500256: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.