2022-09-15T18:04:45-05:00 2021-12-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2021-01-01 364369806 PARTNERS FOR THE COMMON GOOD PART 2026898936 1444 EYE STREET NW WASHINGTON DC 20005 JEANNINE JACOKES CEO 2026898936 2022-08-08 1 JEANNINE JACOKES 999009999 LORI ROTHE YOKOBOSKY CPA P01273422 2122970400 2022-07-14 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JEANNINE JACOKES 1444 EYE STREET NW WASHINGTON DC 20005 7057463 0 X WWW.PCGLOANFUND.ORG X 2000 IL PROVIDING COMMUNITY DEVELOPMENT LOANS 10 9 0 0 0 0 1182484 3046777 2970819 3647930 61699 56756 64108 306000 4279110 7057463 0 0 0 0 0 0 0 0 193937 2839373 3275062 2839373 3275062 1439737 3782401 49870907 56393023 33982246 36705181 15888661 19687842 OUR MISSION IS TO ADVANCE ECONOMIC JUSTICE AND OPPORTUNITY BY PARTNERING WITH ORGANIZATIONS WHO PROVIDE ACCESS TO CAPITAL FOR LOW INCOME PEOPLE AND COMMUNITIES. 0 0 2131625 2298064 PARTNERS FOR THE COMMON GOOD PROVIDES AN EFFECTIVE AND FISCALLY PRUDENT MECHANISM THROUGH WHICH INSTITUTIONAL INVESTORS CAN SUPPORT COMMUNITY DEVELOPMENT NATIONWIDE AND ABROAD. WE MOVE OUR ECONOMY FORWARD BY PROVIDING COMMUNITY DEVELOPMENT LOANS AND ENCOURAGING COMMUNITY ENGAGEMENT. 36600 375 CAPNEXUS - AN ONLINE TOOL FOR CDFIS, INVESTORS, AND OTHERS IN THE COMMUNITY DEVELOPMENT FINANCE FIELD TO CONNECT MISSION FOCUSED CAPITAL WITH COMMUNITY DEVELOPMENT PROJECTS. IT STRENGTHENS THE CAPACITY OF INSTITUTIONS AND THE INDUSTRY TO SERVE COMMUNITIES THAT NEED IT MOST. 142470 1134577 NEW MARKETS TAX CREDITS - PARTNERS FOR THE COMMON GOOD PARTICIPATES IN THE NEW MARKETS CREDIT PROGRAM, AS AN EXTENSION OF LENDING DONE THROUGH OUR GENERAL LOAN FUND. THE NMTC ALLOWS PCG TO SIGNIFICANTLY INCREASE THE FLOW OF CAPITAL TO LOW INCOME COMMUNITIES BY PROVIDING A TAX INCENTIVE TO PRIVATE INVESTORS. 2310695 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 15 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X LARITA MIMMS 2026898936 1444 EYE STREET NW SUITE 201 WASHINGTON DC 20005 X AMIR KIRKWOOD DIRECTOR 2.00 0.00 X 0 0 0 BARBARA DREHER BOARD OF DIRECTORS - SECRE 2.00 0.00 X X 0 0 0 CARLA L MANNINGS CHIEF OF STRATEGIC INITIAT 40.00 0.00 X 0 0 0 DAN BETANCOURT BOARD OF DIRECTORS - CHAIR 2.00 0.00 X X 0 0 0 DAVID LANDIS DIRECTOR 2.00 0.00 X 12999 0 0 JENNIFER NOVAK BOARD OF DIRECTORS - TREAS 2.00 0.00 X X 0 0 0 JIE WANG DIRECTOR - VICE CHAIRPERSON 2.00 0.00 X X 0 0 0 JOHN HOLDSCLAWIV DIRECTOR 2.00 0.00 X 0 0 0 KIM LEVINE DIRECTOR 2.00 0.00 X 0 0 0 PATRICIA WITTBERG DIRECTOR 2.00 0.00 X 0 0 0 TABITHA DIRECTOR 2.00 0.00 X 0 0 0 ANDREW S BALDWIN CHIEF LENDING AND CREDIT O 40.00 0.00 X 0 160182 16659 JEANNINE JACOKES CEO 40.00 0.00 X 0 235009 38736 LARITA MIMMS CHIEF ACCOUNTING & ADMIN O 40.00 0.00 X 0 108707 29557 12999 503898 84952 0 0 1 0 TEAMBRAND LLC 511 DUKE STREET ALEXANDRIA VA 22314 CONSULTING SERVICES 128638 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 AUDIT/TAX SERVICES 124775 2 1826265 1220512 68494 3046777 LOAN PORTFOLIO INTERES 525990 2230976 2230976 FEE INCOME - LOAN PORT 525990 1416954 1416954 3647930 56756 56756 FORGIVENESS OF DEBT 525990 306000 306000 306000 7057463 3953930 0 56756 X 1245492 685021 464228 96243 70816 70816 124775 71000 36153 17622 355093 242351 52591 60151 38416 8402 29706 308 2883 661 2200 22 91767 50472 34204 7091 4685 102 4583 4186 91 4095 826541 826541 13853 2563 11290 21660 21660 LOAN LOSS PROVISION 249649 249649 MISCELLANEOUS 134572 132974 1598 DUES AND SUBSCRIPTIONS 47433 26791 20642 LOAN COMMITMENT FEES 12500 12500 30741 14077 16664 3275062 2310695 770430 193937 2047833 1765455 9991119 8946062 479848 1680644 36425181 43118170 19845 66276 410961 359305 37650 51656 513046 529826 356385 234934 49870907 56393023 555468 787638 32943857 35688128 482921 229415 33982246 36705181 X 13739911 18842842 2148750 845000 15888661 19687842 49870907 56393023 3782401 16780 0 X X 0 1 X 1 1 1 X 1437458 1542741 2639871 1182484 3046777 9849331 2152992 2906302 2209936 2970819 3647930 13887979 3590450 4449043 4849807 4153303 6694707 23737310 0 0 0 23737310 8183 10238 21854 61699 56756 158730 8183 10238 21854 61699 56756 158730 64108 306000 370108 3598633 4459281 4871661 4279110 7057463 24266148 0.97820 0.99060 0.00650 0.00600 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: RECOVERIES - 2020 AMOUNT: $ 64,108. 2021 AMOUNT: $ 0. OTHER REVENUE - 2021 AMOUNT: $ 306,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 410961 359305 51656 51656 ACCRUED INTEREST PAYABLE 229415 229415 X 7074243 16780 16780 7057463 0 7057463 3275062 0 3275062 0 3275062 PART X, LINE 2: PCG IS EXEMPT FROM INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020. IN ADDITION, PCG HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICES TO BE A "QUALIFYING CHARITY" WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. PCG IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND PCG HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY PCG ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2018 REMAIN OPEN. X 0 0 0 0 0 0 0 0 0 JEANNINE JACOKES CEO 0 202509 0 32500 0 0 0 24881 0 13855 0 273745 0 0 ANDREW S BALDWIN CHIEF LENDING AND CREDIT O 0 156282 0 3900 0 0 0 16659 0 0 0 176841 0 0 X INVESTOR INTEREST DONATIONS 22 68494 0 0 0 PART I, COLUMN (B): COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS INSTITUTIONAL MEMBERS APPOINTED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A PCG SHALL HAVE TWO CLASSES OF MEMBERS: PERMANENT MEMBERS AND TERM MEMBERS. ENTITIES ELIGIBLE FOR MEMBERSHIP IN THE CORPORATION ARE FAITH-BASED ORGANIZATIONS THAT: (1) ARE COMMITTED TO THE MISSION AND PURPOSES OF THIS CORPORATION; (2) ARE RELIGIOUS ORGANIZATIONS, OR ARE OWNED OR OTHERWISE CONTROLLED BY A RELIGIOUS AFFILIATED ORGANIZATION OF ANY DENOMINATION; AND (3) COMMIT TO FULFILL THE DUTIES AND RESPONSIBILITIES OF MEMBERSHIP AS MAY BE ESTABLISHED BY THE MEMBERS FROM TIME TO TIME. ALL MEMBERS SHALL HAVE EQUAL VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS SHALL BE ENTITLED TO VOTE ON THE FOLLOWING MATTERS: (A) ADOPTION OR AMENDMENT TO THE MISSION, PURPOSES AND PHILOSOPHY OF THIS CORPORATION AND ITS SUBSIDIARY CORPORATIONS, INCLUDING ANY CHANGE THAT WOULD RESULT IN REVOCATION OF ITS 501(C)(3) TAX EXEMPT STATUS; (B) ANY AMENDMENT OF THE ARTICLES OF INCORPORATION OR BYLAWS THAT AFFECTS THE ROLE, DUTIES OR VOTING RIGHTS OF THE MEMBERS; (C) MERGER OR CONSOLIDATION OF THIS CORPORATION INTO OR WITH ANOTHER ENTITY, AND THE DISSOLUTION OR OTHERWISE WRAPPING UP OF THE AFFAIRS OF THIS CORPORATION; (D) SALE, LEASE, EXCHANGE, MORTGAGE, PLEDGE, ENCUMBRANCE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL, OF THE ASSETS OF THIS CORPORATION; (E) EXCEPT AS OTHERWISE PROVIDED HEREIN, THE APPROVAL OF NEW MEMBERS OF THE CORPORATION; (F) DETERMINING THE ELIGIBILITY REQUIREMENTS AND CONDITIONS OF MEMBERSHIP IN THIS CORPORATION; AND (G) THE APPOINTMENT OR REMOVAL, WITH OR WITHOUT CAUSE, OF MEMBERS OF THE BOARD OF DIRECTORS OF THIS CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990- THE CHIEF ACCOUNTING AND ADMINISTRATIVE OFFICER WORKS WITH THE ACCOUNTING FIRM TO PREPARE THE 990. ONCE IT IS COMPLETED BY THE ACCOUNTING FIRM, IT IS RETURNED TO THE CAAO AND THE CHIEF EXECUTIVE OFFICER FOR REVIEW. THE RETURN IS THEN SUBMITTED BY MANAGEMENT TO THE FINANCE SUB-COMMITTEE OF THE BOARD OF DIRECTORS FOR APPROVAL. AFTER THE APPROVAL OF THE SUB-COMMITTEE, IT IS PASSED ON TO THE ENTIRE BOARD OF DIRECTORS, WITH A PRESENTATION FROM THE AUDIT FIRM. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY- THE POLICY IS MAINTAINED VIA THE GENERAL BEHAVIOR OF EMPLOYEES, AND THE ONGOING RELATIONSHIP BETWEEN THE CEO AND STAFF. OPEN COMMUNICATION IS ENCOURAGED. A SPECIFIC DISCUSSION WOULD OCCUR IN THE EVENT OF A SITUATION REQUIRING POLICY ENFORCEMENT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL- THE BOARD OF DIRECTORS PERFORMS AN ANNUAL REVIEW OF THE CHIEF EXECUTIVE OFFICER. ANY CHANGES TO COMPENSATION FOR THE CEO ARE IMPLEMENTED DURING THE ANNUAL BUDGETING PROCESS, WITH THE APPROVAL OF THE BOARD OF DIRECTORS. ANY CHANGES TO COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES ARE ALSO IMPLEMENTED DURING THE ANNUAL BUDGETING PROCESS, WITH THE APPROVAL OF THE CHIEF EXECUTIVE OFFICER. PERIODICALLY, THE CHIEF ACCOUNTING AND ADMINISTRATIVE OFFICER WILL RESEARCH SALARIES BASED ON THE INDUSTRY STANDARDS AND THE PRACTICES OF THE ORGANIZATION'S PEERS IN THE INDUSTRY. IN ADDITION, THE BOARD OF DIRECTORS MAY REQUEST THE SAME TYPE OF RESEARCH AND STATISTICS REGARDING THE COMPENSATION OF THE CEO. THE BOARD OF DIRECTORS APPROVES THE ANNUAL BUDGET, WHICH INCORPORATES ANY COMPENSATION CHANGES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION- AVAILABLE UPON REQUEST FOR BENEFIT OF INVESTORS. FORM 990, PART VII, SECTION A THE REPORTABLE COMPENSATION REPORTED FOR DIRECTOR DAVID LANDIS REPRESENTS THE AMOUNT PAID, PER A CONSULTING RELATIONSHIP WITH PARTNERS FOR THE COMMON GOOD AND NOT FOR HOURS SPENT SERVING AS A BOARD MEMBER. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 242,351. MANAGEMENT AND GENERAL EXPENSES 52,591. FUNDRAISING EXPENSES 60,151. TOTAL EXPENSES 355,093. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT. PCG SUB CDE 1 1444 I STREET NW SUITE 201 WASHINGTON DC 20005 CDE DC N/A RELATED 0 1 PCG SUB CDE 2 1444 I STREET NW SUITE 201 WASHINGTON DC 20005 CDE DC N/A RELATED 0 1 PCG SUB CDE 3 1444 I STREET NW SUITE 201 WASHINGTON DC 20005 CDE DC N/A RELATED 0 1 PCG SUB CDE 4 1444 I STREET NW SUITE 201 WASHINGTON DC 20005 CDE DC N/A RELATED 0 1 PCG SUB CDE 5 1444 I STREET NW SUITE 201 WASHINGTON DC 20005 CDE DC N/A RELATED 0 1 PCG SUB CDE 6 1444 I STREET NW SUITE 201 WASHINGTON DC 20005 CDE DC N/A RELATED 0 1 PCG SUB CDE 7 1444 I STREET NW SUITE 201 WASHINGTON DC 20005 CDE DC N/A RELATED 0 1 PCG SUB CDE 8 1444 I STREET NW SUITE 201 WASHINGTON DC 20005 CDE DC N/A RELATED 0 1 ECONOMIC JUSTICE PARTNERSHIP FUND LLC 1444 I STREET NW SUITE 201 WASHINGTON DC 20005 853649179 LENDING DC N/A RELATED -36747 385975 0 0 0.99990 CHRISTIAN BROTHERS 777 THIRD AVENUE NEW YORK NY 10017 PAYROLL NY N/A C 0 1 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 ECONOMIC JUSTICE PARTNERSHIP FUND D 296497 FMV