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Nonprofit · EIN 86-2005201

NRRC FINANCIAL LLC

Also known as MARTINE SMALLER SOLE MBR

Tax-exempt · MINNEAPOLIS, MN 55411

Financials

$301K$142K2025
Revenue Expenses · by fiscal year end
Financials of NRRC FINANCIAL LLC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$301,212$141,757$159,455$196,567$3,881$192,686
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$298,677
of which government grants
$298,677
Program service revenue
$0
Investment income
$2,535
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$52,224
Other salaries and wages
$7,108
Salaries, compensation and benefits (total)
$71,739
Professional fundraising fees
$0
Accounting fees
$12,205
Program services (functional)
$118,967
Management and general (functional)
$21,804
Fundraising (functional)
$986

Balance sheet and other

Total assets, start of year
$33,232
Total assets, end of year
$196,567
Total liabilities, end of year
$3,881
Net assets, end of year
$192,686
Net assets without donor restrictions
$192,686
Gross receipts
$301,212
Employees
2
Volunteers
0
Year formed
2020
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgs
Martine SmallerBoard Chair
Trustee or director, Officer
2$0$75,000
Cristin BurnettSecretary
Trustee or director, Officer
35$52,224$0
Brianna EdwardsDirector
Trustee or director
2$0$0
Karen WashingtonDirector
Trustee or director
2$0$0
Kimberly JonesDirector
Trustee or director
2$0$0
JoAnn HarrisTreasurer
Trustee or director, Officer
2$0$0
Trent BowmanVice Chair
Trustee or director, Officer
2$0$0

Address and contacts

Address (IRS master file)
1303 GOLDEN VALLEY RD, MINNEAPOLIS, MN 55411-3134
Mailing address (990-N for 2024)
1303 Golden Valley Rd, Minneapolis MN 55411
Principal officer (990 for 2025)
Cristin Burnett, 1303 Golden Valley Road, Minneapolis, MN 55411
Principal officer (990-N for 2024)
Martine Smaller, 1303 Golden Valley Rd, Minneapolis MN 55411
Signed the 990
Cristin Burnett, Senior Director
Phone
(612) 315-9227
Return prepared by
Accounting Angel LLC

Mission

NRRC Financial LLC's mission is to provide innovative and flexible financial products that support and sustain affordable housing, encourage community development, and meet the credit needs of low-income and underserved residents of the Near North and Willard-Hay neighborhoods of Minneapolis.

990 for the year ended December 31, 2025

Program accomplishments

  • Over 2025, NRRC Financial pursued its mission by supporting homeowners and aspiring homeowners at every stage of the homeownership journey. To address high-cost debt and predatory lending, we offered 0% interest personal loans to residents within our service area. These loans helped borrowers pay off high-interest debt or provided a safe alternative to payday and other high-cost loans. Some borrowers who participated in this program have since become homeowners within our service area. We introduced a new program to payoff mortgage loans for homeowners over 62 with a loan that is forgiven over five years. This program supports housing stability for elder homeowners while helping families preserve and build generational wealth.
    Expenses $101,903
  • NRRC Fi provided homebuyer counseling for prospective homeowners, helping clients improve their credit scores, access low-cost credit builder loans, and successfully purchase homes with down payment assistance, including forgivable down payment assistance for first-generation homebuyers.
    Expenses $16,069
  • NRRC Fi helped existing homeowners secure affordable home improvement grants and loans, as well as energy efficiency rebates. We also assisted senior homeowners in applying for energy assistance, health and safety grants, and property tax programs. NRRC Financial also supported the preservation of affordable rental housing owned by area residents by assisting landlords with 4D application and securing additional funding to maintain safe, affordable rental units. Through these initiatives, NRRC Financial continues to strengthen housing stability, expand access to affordable financial products, and support long-term community wealth building in North Minneapolis.
    Expenses $995

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990-N on file
2023December 31, 2023May 15, 2024990-N on file

IRS record

EIN
86-2005201
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$196,567
Income (IRS master file)
$301,212

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$301,212$141,757$196,567XML
990-N for 2024
Officer: Martine Smaller
December 31, 2024≤ $50,000 receipts––e-Postcard
990-N for 2023
Officer: Cristin Burnett
December 31, 2023≤ $50,000 receipts––e-Postcard
990-N for 2022
Officer: Cristin Burnett
December 31, 2022≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-2005201).

Questions about NRRC FINANCIAL LLC

What is the EIN of NRRC FINANCIAL LLC?
The employer identification number (EIN) of NRRC FINANCIAL LLC is 86-2005201.
Is NRRC FINANCIAL LLC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to NRRC FINANCIAL LLC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NRRC FINANCIAL LLC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NRRC FINANCIAL LLC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NRRC FINANCIAL LLC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of NRRC FINANCIAL LLC?
The 990 for the year ended December 31, 2025 names Cristin Burnett.
Who are the officers and directors of NRRC FINANCIAL LLC?
The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization.
How much revenue does NRRC FINANCIAL LLC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $301,212, expenses of $141,757 and total assets of $196,567 at year end.

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