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Transcript
Craft3: An Unusual Name A Learned and Shared Practice The skilled work of many hands over time triples positive impacts on local economies, the environment, and opportunity for the excluded. Loans that improve the lives of people and the places they love require art and science to create durable progress. Craft3 Is A Community Development Financial Institution (CDFI) Considered large CDFI in comparison to most others Focus on many credit markets, not just one type A non-profit and charitable corporation Not a bank or credit union and does not take or insure deposits 17 years old (founded in 1994) with 50 employees A regional institution serving a two-state investment area A place challenged by rural decline and urban (metropolitan) dominance Focused on three bottom lines instead of two… Economy Environment Social Equity 3 Craft3 Loan Products Commercial Loans 1. 2. 3. Businesses: for real estate, start-up and expansion; Non-Profits (NGO): for affordable housing, community development projects, health care, childcare, environmental conservation, and human services initiatives; and Environmental Organizations: to acquire sensitive lands, restore habitat, and protect water quality. Consumer Loans 1. 2. Energy Efficiency: To property owners to reduce CO2 emissions Septic Repair: To property owners to repair or replace failing systems to treat human waste when no sewer is available 4 Craft3 Is Multiple Business Units But a Single Craft3 Brand CRAFT3 Non-Profit Corporation Total Assets: $70 Million 0.1% Owned (Managed) Twelve Limited Liability Corporations Craft3 LLC I-XII 100% Owned Subsidiary Total Assets: $84 Million For Profit Corporation Total Assets: $80 Million Craft3 Capital 5 Craft3 Capital Under Management (000) 1995-2011 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 - 6 Craft3 New Loans By Year (Outputs) 59,358,864 33,164,728 21,114,476 22,394,869 2009 2010 15,880,604 11,601,627 5,515,339 2005 2006 2007 2008 2011 7 Craft3 Capital Investors Faith Based 1% Individual Other 4% 7% Federal Government 11% Regulated Banks 40% Foundations 15% Non-Bank Financial Institutions 22% 8 Craft3 Loan Portfolio Commercial & Consumer Portfolio by Sector COMMUNITY DEV: DAYCARE FACILITY 1% PROFESSIONAL SERVICES 1% REAL ESTATE 3% COMMUNITY DEV: Energy 19% MANUFACTURING 16% COMMUNITY DEV: Septic 11% FORESTRY-WOOD PRODUCTS 3% OTHER 9% COMMUNITY DEV: DAYCARE 3% RETAIL NOT TOURISM-HOSP 8% FISH-SHELLFISH 4% AGRICULTURE 4% TOURISM - HOSPITALITY 5% SVCS NOT TOURISM-HOSP 6% COMMUNITY DEV: Other 7% 9 Status: Sustainability Aspiration: A Permanent Institution in the Region 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 41% 59% 2005 32% 68% 2006 21% 26% 22% 21.0% 79% 74% 78% 79.0% 2007 2008 2009 2010 Earned Granted 10 Craft3 Asset Quality Scale enables prudent risk taking for mission 14.00% 12.00% Historical Loan Loss as a % of Loans Outstanding $350,000 10.00% 8.00% 6.00% 4.00% $1,000,000 2.00% 0.00% -2.00% 20002001200220032004200520062007200820092010 Q1 Q2 Q3 2011 2011 2011 11 Craft3 Measures What Matters Mission Outcomes from Loan Outputs ECONOMY ENVIRONMENT EQUITY Number of Jobs Created and/or Retained Linear Feet of Functioning Riparian Zone People of Color and Women Entrepreneurs Assisted Leveraged Third Party Investment Acres of Land in Sustainable Management Number of Low Income Families Assisted Added Value of Products Locally Manufactured Gallons of Water Diverted from Waste Stream Local Tenures Supported 12 Community Action Team Vernonia Flood Rehabilitation St. Helens, Oregon • $400,000 loan • 48 low income families were assisted • 7 jobs were created or retained • $6.4 million in investments were leveraged • Meyer Memorial Trust Partial Loan Guarantee 13 ORCCA Child & Family Resource Center Coos Bay, Oregon • $6 million investment (two loans) • 4,628 low income families assisted in Coos, Curry and Western Douglas Counties • 82 jobs created or retained • $7.5 million in investments were leveraged 14 Coastal CAP Agency Wind Farm Grayland, Washington • $8 million investment, two loans • 10,000 low income families assisted in Grays Harbor and Pacific Counties • 30 jobs created or retained • $7 million in investments were leveraged • Secondary added value 15 Learn more about Craft3 John Berdes [email protected] 503-791-5197 (mobile) Website www.craft3.org Social Media Facebook.com/craft3org | Twitter.com/craft3org Telephone General Assistance: 011-360-642-4265 Extension 152 (office) 16