2024-04-15T12:33:11-05:00 2023-03-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2022-04-01 431925293 GREAT RIVERS COMMUNITY TRUST GREA 8127640097 33 S CHESAPEAKE WAY ZEBULON NC 27597 ROBERT VILLAREAL BOARD TREASURER 8127640097 2024-02-14 1 ROBERT VILLAREAL 999009999 0 J CALVIN MARKS P01226973 9197196400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SCALE LINK ROBERT VILLARREAL 33 S CHESAPEAKE WAY ZEBULON NC 27597 6084387 0 X N/A X 2001 MO TO SUPPORT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) THROUGH THE CREATION AND ONGOING DEVELOPMENT OF A SECONDARY MARKET FOR CDFI SMALL BUSINESS LOANS. TO EXERCISE ANY, ALL AND EVERY LAWFUL POWER OF A NONPROFIT CORPORATION ORGANIZED UNDER MISSOURI LAW; PROVIDED, HOWEVER, THAT NOTHING HEREIN SHALL BE CONSTRUED TO GIVE THE CORPORATION ANY PURPOSE THAT IS NOT PERMITTED UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). 9 9 0 9 0 0 4346877 5065205 63235 376371 385343 642811 0 0 4795455 6084387 600311 2849748 0 0 0 0 0 0 25056 666177 1512009 1266488 4361757 3528967 1722630 10310847 20992468 4741851 14922296 5568996 6070172 X TO SUPPORT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) THROUGH THE CREATION AND ONGOING DEVELOPMENT OF A SECONDARY MARKET FOR CDFI SMALL BUSINESS LOANS. TO EXERCISE ANY, ALL AND EVERY LAWFUL POWER OF A NONPROFIT CORPORATION ORGANIZED UNDER MISSOURI LAW; PROVIDED, HOWEVER, THAT NOTHING HEREIN SHALL BE CONSTRUED TO GIVE THE CORPORATION ANY PURPOSE THAT IS NOT PERMITTED UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). 0 0 4246260 2849748 1019182 GRCT PROVIDES TECHNICAL ASSISTANCE AND CAPITAL TO NONPROFIT CDFIS TO HELP THEM ORIGINATE MORE SMALL BUSINESS LOANS UNDER $50,000 IN SIZE TO BORROWERS WHO LACK ACCESS TO TRADITIONAL BANK LOANS, PARTICULARLY ENTREPRENEURS OF COLOR AND WOMEN ENTREPRENEURS IN LOW-TO-MODERATE INCOME CENSUS TRACTS AND WITH UNDER $1 MILLION OF GROSS ANNUAL REVENUE. 4246260 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X BRETT SIMMONS 8127640097 33 S CHESAPEAKE WAY ZEBULON NC 27597 X JOYCE KLEIN CHAIR 3.00 X X 0 0 0 ANDREA LEVERE VICE CHAIR 3.00 X X 0 0 0 ROBERT VILLARREAL TREASURER 3.00 X X 0 0 0 ALBERTO PARACCHINI SECRETARY 2.00 X X 0 0 0 ANDY KAUFMAN BOARD MEMBER 2.00 X 0 0 0 AMBER KUCHAR-BELL BOARD MEMBER 2.00 X 0 0 0 FRANCISCO LOPEZ BOARD MEMBER 2.00 X 0 0 0 HAROLD PETTIGREW BOARD MEMBER (TO JUN '22) 2.00 X 0 0 0 SARA RAZAVI BOARD MEMBER 2.00 X 0 0 0 BERNARD WORTHY BOARD MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 REVOLVE ASSET MANAGEMENT 33 S CHESAPEAKE WAY ZEBULON NC 27597 ASSET MANAGEMENT SERVICES 616233 1 5065205 5065205 FEE INCOME 522291 376371 376371 376371 642811 642811 6084387 1019182 0 0 X 2849748 2849748 80508 36976 43532 1177084 1127992 24546 24546 11699 11699 57707 55751 1956 39578 19789 19789 108 108 111093 111093 20388 19368 510 510 TAXES & LICENSES 430 322 108 13414 13414 4361757 4246260 90441 25056 5152118 10093781 1586636 343244 405414 1491155 3142065 8792751 89970 24614 181567 10310847 20992468 271883 1022296 1900000 2900000 2499968 11000000 70000 0 4741851 14922296 X 3700749 5814482 1868247 255690 5568996 6070172 10310847 20992468 X 1722630 -1221454 X 0 1 X 1 0 X 2806227 4346877 5065205 12218309 151209 448578 1019181 1618968 2957436 4795455 6084386 13837277 0 0 0 13837277 2957436 4795455 6084386 13837277 1.00000 0.94170 0.00000 0.05830 X SCHEDULE A, PART III: THE ORGANIZATION CHANGED ITS ACCOUNTING PERIOD FROM A CALENDAR YEAR-END TO A FISCAL YEAR-END FOR THE PERIOD ENDING MARCH 31, 2020. THEREFORE, COLUMN B (2019) REPRESENTS THE SHORT PERIOD ENDING MARCH 31, 2020, COLUMN C (2020) REPRESENTS THE ENTIRE FISCAL YEAR ENDING MARCH 31, 2021, COLUMN D (2021) REPRESENTS THE ENTIRE FISCAL YEAR ENDING MARCH 31, 2022, AND COLUMN E (2022) REPRESENTS THE ENTIRE FISCAL YEAR ENDING MARCH 31, 2023. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS AS OF MARCH 31, 2023. 1 ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT 111 WEST ST JOHN ST NO 800 SAN JOSE CA 95113 311719434 501(C)(3) 918880 0 GENERAL SUPPORT DREAMSPRING 2000 ZEARING AVE NW ALBUQUERQUE NM 87104 850417347 501(C)(3) 728392 0 GENERAL SUPPORT LIFTFUND INC 2007 WEST MARTIN ST SAN ANTONIO TX 78207 742712770 501(C)(3) 389933 0 GENERAL SUPPORT WORKING SOLUTIONS CDFI 930 MONTGOMERY ST 400 SAN FRANCISCO CA 94133 911951777 501(C)(3) 315916 0 GENERAL SUPPORT MAIN STREET LAUNCH 2101 WEBSTER ST OAKLAND CA 94612 942548556 501(C)(3) 206568 0 GENERAL SUPPORT ACCESSITY 404 EUCLID AVE 271 SAN DIEGO CA 92114 330620415 501(C)(3) 143632 0 GENERAL SUPPORT ASCENDUS INC 80 MAIDEN LANE STE 903 NEW YORK CITY NY 10038 113317234 501(C)(3) 60158 0 GENERAL SUPPORT WOMENVENTURE 2021 EAST HENNEPIN AVE 200 MINNEAPOLIS MN 55413 411463426 501(C)(3) 34440 0 GENERAL SUPPORT JUSTINE PETERSEN HOUSING AND REINVESTMENT CORPORATION 1023 N GRAND BLVD SAINT LOUIS MO 63106 431769074 501(C)(3) 28381 0 GENERAL SUPPORT ALLIES FOR COMMUNITY BUSINESS 135 N KEDZIE AVE CHICAGO IL 60612 363966573 501(C)(3) 23448 0 GENERAL SUPPORT 10 0 PART I, LINE 2: BEFORE ADDING NEW PARTNER CDFIS, EBA FUND REVIEWS THE FINANCIAL STABILITY, LOAN APPROVAL PROCESS, COMPLIANCE, AND SERVICING OF EACH CDFI. IN ADDITION, EBA FUND REVIEWS THE LAST 3 YEARS OF MISSION IMPACT PERFORMANCE TO ENSURE THAT THE LENDER SERVES A HIGH PROPORTION OF ENTREPRENEURS OF COLOR, WOMEN ENTREPRENEURS, LOW-TO-MODERATE INCOME BORROWERS, BUSINESSES WITH UNDER $1 MILLION GROSS ANNUAL REVENUE, AND BUSINESSES LOCATED IN LOW-TO-MODERATE INCOME CENSUS TRACTS. EACH CDFIS' PERFORMANCE IS COMPARED WITH LOCAL BENCHMARKS TO ENSURE THE CDFI HAS STRONG MISSION PERFORMANCE. A FINAL MEMO ON EACH CDFI IS THEN PRESENTED TO EBA FUND BOARD OF TRUSTEES FOR FINAL APPROVAL OF THE PARTNERSHIP. AT THAT TIME, NEW CDFIS ARE ELIGIBLE TO WORK WITH EBA FUND AND SUBSEQUENTLY RECEIVED UNRESTRICTED GRANT DONATIONS. DREAMSPRING FRANCISCO LOPEZ IS AN OFFICER OF DREAMSPRING 13282423 PURCHASE OF LOANS 0 FORM 990, PART VI, SECTION A, LINE 3 THE BOARD OF DIRECTORS OF GREAT RIVERS COMMUNITY TRUST HAS CONTRACTED WITH REVOLVE ASSET MANAGEMENT TO CARRY OUT VARIOUS MANAGEMENT DUTIES AT THE STRATEGIC DIRECTION OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B GREAT RIVERS COMMUNITY TRUST'S 990 IS FIRST REVIEWED BY THE CONTROLLER AND THE MANAGING DIRECTOR. ONCE THE MANAGING DIRECTOR APPROVES THE 990, IT IS THEN PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. LASTLY, THEBOARD CHAIR REVIEWS THE 990. ONCE THE BOARD CHAIR APPROVES THE 990, IT IS SIGNED AND THE ORGANIZATION'S ACCOUNTANTS ARE NOTIFIED OF THE CONSENT TO FILE THE FORM. FORM 990, PART VI, SECTION B, LINE 12C SENIOR MANAGEMENT REVIEWS THE APPLICATION OF THE CONFLICT OF INTEREST POLICY ON ANY REAL OR PERCEIVED ISSUES THAT OCCURRED DURING THE YEAR. THE APPROPRIATENESS OF THE POLICY IS DISCUSSED WITH ATTENTION TO THE REQUIREMENTS BY FUNDING SOURCES AND MODIFICATIONS MADE. IF NECESSARY, ALL MODIFICATIONS ARE PRESENTED FOR BOARD APPROVAL. THE BOARD OF DIRECTORS SIGNS A STATEMENT YEARLY THAT CONFIRMS THAT THEY HAVE READ AND ARE STILL FOLLOWING THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 GREAT RIVERS COMMUNITY TRUST MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY PROVIDING COPIES TO THOSE WHO REQUEST THE AFOREMENTIONED DOCUMENTS FORM 990, PART IX, LINE 11G CONTRACTORS: PROGRAM SERVICE EXPENSES 932,737. MANAGEMENT AND GENERAL EXPENSES 24,546. FUNDRAISING EXPENSES 24,546. TOTAL EXPENSES 981,829. LENDER SERVICING: PROGRAM SERVICE EXPENSES 195,255. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 195,255. FORM 990, PART XI, LINE 9: PROVISION FOR LOAN LOSS RESERVE -1,221,454. EBA FUND 2021 LLC 223 S WEST ST RALEIGH NC 27603 862048434 COMMUNITY LENDING NC EBA FUND RELATED 1000000 0 0 0.51000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 THE ORGANIZATION IS FILING FORM 990 AFTER THE RETURN DUE DATE (INCLUDING EXTENSIONS) AS A RESULT OF ITS PAID PREPARER FIRM'S EFIN ACCOUNT BEING ERRONEOUSLY SUSPENDED. THE FIRM MADE EVERY EFFORT TO HAVE ITS ACCOUNT TIMELY REINSTATED, BUT WAS UNABLE TO SUCCESSFULLY TRANSMIT THE RETURN BEFORE THE DUE DATE. THE ORGANIZATION WAS DENIED PERMISSION TO FILE A PAPER COPY OF FORM 990 DUE TO THE MANDATORY ELECTRONIC FILING PROVISIONS OF THE TAXPAYER FIRST ACT. A GOOD-FAITH EFFORT WAS MADE TO ELECTRONICALLY FILE FORM 990 BEFORE THE RETURN DUE DATE, AND EVIDENCE OF THAT ATTEMPT IS AVAILABLE UPON REQUEST. FOR THESE REASONS WE RESPECTFULLY REQUEST THAT THIS RETURN BE TREATED AS TIMELY FILED, AND THAT ANY PENALTIES BE WAIVED AND ABATED.