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        <TitleTxt>PRESIDENT/CEO</TitleTxt>
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        <AverageHoursPerWeekRltdOrgRt>2.00</AverageHoursPerWeekRltdOrgRt>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>99553</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>11287</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <TotalReportableCompFromOrgAmt>99553</TotalReportableCompFromOrgAmt>
      <TotReportableCompRltdOrgAmt>0</TotReportableCompRltdOrgAmt>
      <TotalOtherCompensationAmt>11287</TotalOtherCompensationAmt>
      <IndivRcvdGreaterThan100KCnt>0</IndivRcvdGreaterThan100KCnt>
      <FormerOfcrEmployeesListedInd>0</FormerOfcrEmployeesListedInd>
      <TotalCompGreaterThan150KInd>0</TotalCompGreaterThan150KInd>
      <CompensationFromOtherSrcsInd>0</CompensationFromOtherSrcsInd>
      <CntrctRcvdGreaterThan100KCnt>0</CntrctRcvdGreaterThan100KCnt>
      <GovernmentGrantsAmt>7826058</GovernmentGrantsAmt>
      <AllOtherContributionsAmt>105280</AllOtherContributionsAmt>
      <TotalContributionsAmt>7931338</TotalContributionsAmt>
      <ProgramServiceRevenueGrp>
        <Desc>LOAN INTEREST</Desc>
        <BusinessCd>522291</BusinessCd>
        <TotalRevenueColumnAmt>748328</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>748328</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>LOAN FEES</Desc>
        <BusinessCd>522291</BusinessCd>
        <TotalRevenueColumnAmt>276708</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>276708</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>CONTRACT SERVICES</Desc>
        <BusinessCd>561499</BusinessCd>
        <TotalRevenueColumnAmt>230000</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>230000</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <TotalProgramServiceRevenueAmt>1255036</TotalProgramServiceRevenueAmt>
      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>81181</TotalRevenueColumnAmt>
        <ExclusionAmt>81181</ExclusionAmt>
      </InvestmentIncomeGrp>
      <GrossRentsGrp>
        <RealAmt>29200</RealAmt>
      </GrossRentsGrp>
      <LessRentalExpensesGrp>
        <RealAmt>0</RealAmt>
      </LessRentalExpensesGrp>
      <RentalIncomeOrLossGrp>
        <RealAmt>29200</RealAmt>
      </RentalIncomeOrLossGrp>
      <NetRentalIncomeOrLossGrp>
        <TotalRevenueColumnAmt>29200</TotalRevenueColumnAmt>
        <ExclusionAmt>29200</ExclusionAmt>
      </NetRentalIncomeOrLossGrp>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>9296755</TotalRevenueColumnAmt>
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        <UnrelatedBusinessRevenueAmt>0</UnrelatedBusinessRevenueAmt>
        <ExclusionAmt>110381</ExclusionAmt>
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      <CompCurrentOfcrDirectorsGrp>
        <TotalAmt>110840</TotalAmt>
        <ProgramServicesAmt>84238</ProgramServicesAmt>
        <ManagementAndGeneralAmt>15518</ManagementAndGeneralAmt>
        <FundraisingAmt>11084</FundraisingAmt>
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        <TotalAmt>408085</TotalAmt>
        <ProgramServicesAmt>310144</ProgramServicesAmt>
        <ManagementAndGeneralAmt>57132</ManagementAndGeneralAmt>
        <FundraisingAmt>40809</FundraisingAmt>
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      <PensionPlanContributionsGrp>
        <TotalAmt>6372</TotalAmt>
        <ProgramServicesAmt>4843</ProgramServicesAmt>
        <ManagementAndGeneralAmt>892</ManagementAndGeneralAmt>
        <FundraisingAmt>637</FundraisingAmt>
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      <OtherEmployeeBenefitsGrp>
        <TotalAmt>1876</TotalAmt>
        <ProgramServicesAmt>1425</ProgramServicesAmt>
        <ManagementAndGeneralAmt>263</ManagementAndGeneralAmt>
        <FundraisingAmt>188</FundraisingAmt>
      </OtherEmployeeBenefitsGrp>
      <PayrollTaxesGrp>
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        <ProgramServicesAmt>29704</ProgramServicesAmt>
        <ManagementAndGeneralAmt>5472</ManagementAndGeneralAmt>
        <FundraisingAmt>3909</FundraisingAmt>
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      <FeesForServicesOtherGrp>
        <TotalAmt>98872</TotalAmt>
        <ManagementAndGeneralAmt>98872</ManagementAndGeneralAmt>
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      <AdvertisingGrp>
        <TotalAmt>29238</TotalAmt>
        <ProgramServicesAmt>180</ProgramServicesAmt>
        <FundraisingAmt>29058</FundraisingAmt>
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      <OfficeExpensesGrp>
        <TotalAmt>7694</TotalAmt>
        <ProgramServicesAmt>409</ProgramServicesAmt>
        <ManagementAndGeneralAmt>7285</ManagementAndGeneralAmt>
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      <OccupancyGrp>
        <TotalAmt>29271</TotalAmt>
        <ProgramServicesAmt>8781</ProgramServicesAmt>
        <ManagementAndGeneralAmt>18733</ManagementAndGeneralAmt>
        <FundraisingAmt>1757</FundraisingAmt>
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      <TravelGrp>
        <TotalAmt>29639</TotalAmt>
        <ProgramServicesAmt>20019</ProgramServicesAmt>
        <ManagementAndGeneralAmt>9620</ManagementAndGeneralAmt>
      </TravelGrp>
      <InterestGrp>
        <TotalAmt>54839</TotalAmt>
        <ProgramServicesAmt>54689</ProgramServicesAmt>
        <ManagementAndGeneralAmt>150</ManagementAndGeneralAmt>
      </InterestGrp>
      <DepreciationDepletionGrp>
        <TotalAmt>19193</TotalAmt>
        <ProgramServicesAmt>5758</ProgramServicesAmt>
        <ManagementAndGeneralAmt>12284</ManagementAndGeneralAmt>
        <FundraisingAmt>1151</FundraisingAmt>
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      <InsuranceGrp>
        <TotalAmt>36097</TotalAmt>
        <ProgramServicesAmt>27435</ProgramServicesAmt>
        <ManagementAndGeneralAmt>5053</ManagementAndGeneralAmt>
        <FundraisingAmt>3609</FundraisingAmt>
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      <OtherExpensesGrp>
        <Desc>DIRECT CLIENT SERVICES</Desc>
        <TotalAmt>440814</TotalAmt>
        <ProgramServicesAmt>440814</ProgramServicesAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>ALLOWANCE FOR CREDIT LO</Desc>
        <TotalAmt>231264</TotalAmt>
        <ProgramServicesAmt>231264</ProgramServicesAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>EQUIPMENT AND TECHNOLOG</Desc>
        <TotalAmt>21865</TotalAmt>
        <ProgramServicesAmt>3181</ProgramServicesAmt>
        <ManagementAndGeneralAmt>18684</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>DUES AND SUBSCRIPTIONS</Desc>
        <TotalAmt>6429</TotalAmt>
        <ProgramServicesAmt>2282</ProgramServicesAmt>
        <ManagementAndGeneralAmt>4147</ManagementAndGeneralAmt>
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      <AllOtherExpensesGrp>
        <TotalAmt>3062</TotalAmt>
        <ProgramServicesAmt>1337</ProgramServicesAmt>
        <ManagementAndGeneralAmt>1725</ManagementAndGeneralAmt>
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      <TotalFunctionalExpensesGrp>
        <TotalAmt>1574535</TotalAmt>
        <ProgramServicesAmt>1226503</ProgramServicesAmt>
        <ManagementAndGeneralAmt>255830</ManagementAndGeneralAmt>
        <FundraisingAmt>92202</FundraisingAmt>
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      <CashNonInterestBearingGrp>
        <BOYAmt>192498</BOYAmt>
        <EOYAmt>168359</EOYAmt>
      </CashNonInterestBearingGrp>
      <SavingsAndTempCashInvstGrp>
        <BOYAmt>1384261</BOYAmt>
        <EOYAmt>4623649</EOYAmt>
      </SavingsAndTempCashInvstGrp>
      <PledgesAndGrantsReceivableGrp>
        <BOYAmt>55051</BOYAmt>
        <EOYAmt>268170</EOYAmt>
      </PledgesAndGrantsReceivableGrp>
      <AccountsReceivableGrp>
        <BOYAmt>53150</BOYAmt>
        <EOYAmt>208571</EOYAmt>
      </AccountsReceivableGrp>
      <OthNotesLoansReceivableNetGrp>
        <BOYAmt>4962727</BOYAmt>
        <EOYAmt>11994380</EOYAmt>
      </OthNotesLoansReceivableNetGrp>
      <PrepaidExpensesDefrdChargesGrp>
        <EOYAmt>11775</EOYAmt>
      </PrepaidExpensesDefrdChargesGrp>
      <LandBldgEquipCostOrOtherBssAmt>770002</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>198259</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>587177</BOYAmt>
        <EOYAmt>571743</EOYAmt>
      </LandBldgEquipBasisNetGrp>
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        <BOYAmt>34524</BOYAmt>
        <EOYAmt>81666</EOYAmt>
      </OtherAssetsTotalGrp>
      <TotalAssetsGrp>
        <BOYAmt>7269388</BOYAmt>
        <EOYAmt>17928313</EOYAmt>
      </TotalAssetsGrp>
      <AccountsPayableAccrExpnssGrp>
        <BOYAmt>47572</BOYAmt>
        <EOYAmt>134962</EOYAmt>
      </AccountsPayableAccrExpnssGrp>
      <DeferredRevenueGrp>
        <BOYAmt>29210</BOYAmt>
        <EOYAmt>2049610</EOYAmt>
      </DeferredRevenueGrp>
      <MortgNotesPyblScrdInvstPropGrp>
        <BOYAmt>1852772</BOYAmt>
        <EOYAmt>2681687</EOYAmt>
      </MortgNotesPyblScrdInvstPropGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>1929554</BOYAmt>
        <EOYAmt>4866259</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
      <NoDonorRestrictionNetAssetsGrp>
        <BOYAmt>5339834</BOYAmt>
        <EOYAmt>2007612</EOYAmt>
      </NoDonorRestrictionNetAssetsGrp>
      <DonorRestrictionNetAssetsGrp>
        <EOYAmt>11054442</EOYAmt>
      </DonorRestrictionNetAssetsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>5339834</BOYAmt>
        <EOYAmt>13062054</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>7269388</BOYAmt>
        <EOYAmt>17928313</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>7722220</ReconcilationRevenueExpnssAmt>
      <OtherChangesInNetAssetsAmt>0</OtherChangesInNetAssetsAmt>
      <InfoInScheduleOPartXIIInd>X</InfoInScheduleOPartXIIInd>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>0</AccountantCompileOrReviewInd>
      <FSAuditedInd>1</FSAuditedInd>
      <FSAuditedBasisGrp>
        <ConsolidatedBasisFinclStmtInd>X</ConsolidatedBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>1</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>1</FederalGrantAuditRequiredInd>
      <FederalGrantAuditPerformedInd>1</FederalGrantAuditPerformedInd>
    </IRS990>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <LandGrp>
        <OtherCostOrOtherBasisAmt>144500</OtherCostOrOtherBasisAmt>
        <BookValueAmt>144500</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>559686</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>140879</DepreciationAmt>
        <BookValueAmt>418807</BookValueAmt>
      </BuildingsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>65816</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>57380</DepreciationAmt>
        <BookValueAmt>8436</BookValueAmt>
      </EquipmentGrp>
      <TotalBookValueLandBuildingsAmt>571743</TotalBookValueLandBuildingsAmt>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FORM 990 DRAFT IS PROVIDED TO THE EXECUTIVE COMMITTEE PRIOR TO FILING FOR REVIEW. THE EXECUTIVE DIRECTOR REVIEWS THE FORM 990 IN DEPTH PRIOR TO FILING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL BOARD MEMBERS ARE REQUIRED ANNUALLY TO DISCLOSE ANY KNOWN CONFLICT OF INTEREST IN WRITING AND TO IMMEDIATELY DISCLOSE ANY POTENTIAL CONFLICT WHEN IT ARRIVES. THE MEMBER WITH THE CONFLICT IS THEN EXCUSED FROM PARTICIPATING IN THE DISCUSSIONS OR DECISIONS REGARDING THE SUBJECT THAT CREATED THE CONFLICT. STAFF DISCUSSES POTENTIAL CONFLICTS OF INTEREST WITH THE DIRECTOR OR RELATED PARTY AND THE EXECUTIVE COMMITTEE. STAFF REQUESTS THE CONFLICT BE DISCLOSED IN A CONFLICT OF INTEREST FORM. STAFF OR BOARD OFFICER REPORTS THE POTENTIAL CONFLICT WITH THE GOVERNING BODY DURING A MONTHLY MEETING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>THE EXECUTIVE COMMITTEE ANNUALLY EVALUATES THE EXECUTIVE DIRECTOR. WAGES ARE BASED ON PERFORMANCE AND COMPENSATION PAID BY OTHER ECONOMIC DEVELOPMENT ENTITIES WITHIN MONTANA.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>GOVERNING DOCUMENTS, POLICIES, 990 FORMS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE AGENCY'S OFFICES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XII, LINE 2C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS FROM PRIOR YEARS IN REGARDS TO THE INDEPENDENT AUDIT.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>MONTANA WEST ECONOMIC DEVELOPMENT FOUNDATION</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>44 2ND AVENUE WEST</AddressLine1Txt>
          <CityNm>KALISPELL</CityNm>
          <StateAbbreviationCd>MT</StateAbbreviationCd>
          <ZIPCd>59901</ZIPCd>
        </USAddress>
        <EIN>874373142</EIN>
        <LegalDomicileStateCd>MT</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(C)(3)</ExemptCodeSectionTxt>
        <PublicCharityStatusTxt>LINE 7</PublicCharityStatusTxt>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>0</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>0</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>1</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>0</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>0</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>0</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>0</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>0</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>0</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>0</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>0</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>0</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>1</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>0</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>1</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>0</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>1</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>0</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>0</TransferFromOtherOrgInd>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>MONTANA WEST ECONOMIC DEVELOPMENT FOUNDATION</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>C</TransactionTypeTxt>
        <InvolvedAmt>139306</InvolvedAmt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>MONTANA WEST ECONOMIC DEVELOPMENT FOUNDATION</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>Q</TransactionTypeTxt>
        <InvolvedAmt>4448</InvolvedAmt>
      </TransactionsRelatedOrgGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>