NorCAN conference focuses on nonprofit community
After a seven-year hiatus, the Northern California Association of Nonprofits conference is returning to bring the North Coast nonprofit community together for a day of learning, networking, and celebrating our uniquely resilient community.
“Thriving Together: Supporting Wellbeing in the Nonprofit Sector” is designed to promote wellness and foster connections within the diverse nonprofit community, whose staff care about the mission of their organization.
“Because nonprofit folks give so much of themselves to serve others, often with limited resources, we have created this event to provide them with the opportunity to recharge, refocus, and help shape the future of nonprofit collaboration in Humboldt County. When caregivers thrive, so do the communities they serve,” conference organizing committee member Laura Olson said in a prepared statement.
The conference will be Nov. 14th from 8 a.m. to 3 p.m. at the Fortuna River Lodge. Registration cost is $50, which includes breakfast and afternoon snack prepared by Fortuna High Culinary Arts Program, and lunch prepared by Mother’s Cooking.
A limited number of scholarships will be available. Email to [email protected] for scholarship information.To register, go to www.norcal-nonprofits.com/thriving-together-supporting-wellbeing-in-the-nonprofit-sector/.
Redwood Capital reports earnings for 3 quarters
On Thursday, Redwood Capital Bank announced unaudited financial results for the three- and nine-month period that ended Sept. 30.
“During the third quarter 2024, Redwood Capital Bank experienced deposit growth of $16.8 million, adding to its already strong liquidity position,” John Dalby, president and CEO, said in a prepared statement. “As a practice, the bank has sold off excess liquidity through IntraFi. As of September 30, 2024, these sold deposits exceeded $67 million.”
The company’s total assets as of Sept. 30 were $534 million; total deposits stood at $470.5 million. Total loans as of Sept. 30 net of unearned income, were $380.9 million. Net income for the third quarter 2024 was strong at $1,373,000. The company also reported net income for the first nine months of 2024 of $4,076,000. Book value per common share, a common measurement of shareholder value, was $25.95 as of September 30, 2024.
Additionally, the Board of Directors declared a quarterly cash dividend of $0.08 per share, payable on Nov. 13 to shareholders of record at the close of business on Oct. 28. The dividend is equivalent to an annua rate of $0.32 per share or 1.42%, based upon a market price of $22.50 per common share.
CEO Dalby explained, “A consistent dividend remains a top priority of the Board of Directors and management, along with continued growth in shareholder value.”
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