2022-08-22T15:46:28-05:00 2021-12-31 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2021-01-01 010793507 SOUTH CAROLINA COMMUNITY LOAN FUND SOUT 8439737285 1051 GARDNER ROAD SUITE A CHARLESTON SC 29407 NANCY LEON CFO 8439737285 2022-08-16 1 NANCY LEON 999009999 JANICE A RATICA P00358837 7043338881 2022-08-16 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z NATHANIEL BARBER 1051 GARDNER ROAD SUITE A CHARLESTON SC 29407 4959016 0 X WWW.SCCOMMUNITYLOANFUND.ORG X 2003 SC SOUTH CAROLINA COMMUNITY LOAN FUND (SCCLF) IS A U.S. TREASURY CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) WHOSE MISSION IS TO ADVANCE EQUITABLE ACCESS TO CAPITAL BY PROVIDING LOANS, TECHNICAL ASSISTANCE, AND ADVOCACY FOR AFFORDABLE HOUSING, HEALTHY FOOD, COMMUNITY FACILITIES, AND COMMUNITY BUSINESS ENTERPRISES TO CREATE THRIVING, PROSPEROUS, ECONOMICALLY RESILIENT COMMUNITIES FOR ALL SOUTH CAROLINIANS. 16 16 18 16 0 0 2571236 2464553 2254423 2494114 81995 349 0 0 4907654 4959016 64433 237500 0 0 1494894 1342646 0 0 117038 1971972 2351443 3531299 3931589 1376355 1027427 36418539 42539456 27464692 32418740 8953847 10120716 X SOUTH CAROLINA COMMUNITY LOAN FUND (SCCLF) IS A U.S. TREASURY CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) WHOSE MISSION IS TO ADVANCE EQUITABLE ACCESS TO CAPITAL BY PROVIDING LOANS, TECHNICAL ASSISTANCE, AND ADVOCACY FOR AFFORDABLE HOUSING, HEALTHY FOOD, COMMUNITY FACILITIES, AND COMMUNITY BUSINESS ENTERPRISES TO CREATE THRIVING, PROSPEROUS, ECONOMICALLY RESILIENT COMMUNITIES FOR ALL SOUTH CAROLINIANS. 0 0 1256625 702864 COMMUNITY FACILITY (CF) SCCLF PROVIDES COMMUNITY FACILITY LOANS GENERALLY UP TO $1,000,000 TO FINANCE ACQUISITION, PRE-DEVELOPMENT, INFRASTRUCTURE, CONSTRUCTION, REHABILITATION, AND PERMANENT FINANCING DEVELOPMENT COSTS. SCCLF FINANCES THE CONSTRUCTION AND RENOVATION OF COMMUNITY FACILITIES INCLUDING, BUT NOT LIMITED TO, RECREATION CENTERS, DAY CARE CENTERS, HEALTH CARE CENTERS, SENIOR CENTERS, CHARTER SCHOOLS, HOMELESS SHELTERS, AND TRANSITIONAL HOUSING IN UNDERSERVED SOUTH CAROLINA COMMUNITIES. IN 2021, SCCLF MADE 6 LOANS TOTALING $4.3MM TO COMMUNITY FACILITIES LOCATED THROUGHOUT THE STATE. 748833 499712 SCCLF PROVIDES LOANS, GENERALLY UP TO $1,000,000, TO FINANCE ACQUISITION, PREDEVELOPMENT, INFRASTRUCTURE, CONSTRUCTION, RENOVATION, LEASEHOLD IMPROVEMENTS, MACHINERY AND EQUIPMENT, WORKING CAPITAL, AND PERMANENT FINANCING BUSINESS COSTS. SCCLF FINANCES THE CAPITAL NEEDS OF COMMUNITY BUSINESSES SERVING AND EMPLOYING LOW TO MODERATE INCOME INDIVIDUALS LOCATED IN UNDERSERVED SOUTH CAROLINA COMMUNITIES. IN 2021, SCCLF MADE 15 LOANS TOTALING $3.9MM TO SMALL BUSINESSES LOCATED THROUGHOUT THE STATE. 239765 237500 160000 IN ADDITION TO LENDING, SCCLF PROVIDES TECHNICAL ASSISTANCE TO BORROWERS AND PROSPECTIVE BORROWERS IN THE FORM OF ONE-ON-ONE TECHNICAL ASSISTANCE AND SMALL BUSINESS DEVELOPMENT WORKSHOPS. IN 2021, SCCLF AWARDED $180,000 OF SEED CAPITAL IN THE FORM OF FORGIVABLE LOANS TO 12 SMALL BUSINESSES AND SCCLF'S LOAN OFFICERS PROVIDED TECHNICAL ASSISTANCE TO 77 INDIVIDUALS AND BUSINESSES SEEKING CAPITAL FOR THEIR PROJECTS. 755015 1131538 OTHER PROGRAM SERVICE ACCOMPLISHMENTS 755015 1131538 3000238 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 37 0 1 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X NANCY LEON 8439737285 1051 GARDNER ROAD SUITE A CHARLESTON SC 29407 THOMAS ANDERSON CHAIR 2.00 X 0 0 0 ZACH BEARDEN MEMBER 1.00 X 0 0 0 QUINETHA FRASIER SECRETARY 1.00 X 0 0 0 JIM HALEY MEMBER 1.00 X 0 0 0 DREW HARRISON MEMBER 1.00 X 0 0 0 ASHLEY HEGGIE MEMBER 1.00 X 0 0 0 ANDY HEWITT MEMBER 1.00 X 0 0 0 ROBERT JOHNSTON MEMBER 1.00 X 0 0 0 MARTIN LIVINGSTON MEMBER 1.00 X 0 0 0 MICHAEL MANSSON MEMBER 1.00 X 0 0 0 SEDRICK MCCALLUM TREASURER 1.00 X 0 0 0 JACQUELINE MCLEISH MEMBER 1.00 X 0 0 0 CORTNEY NICK MEMBER 1.00 X 0 0 0 TORREY RUSH VICE CHAIR 2.00 X 0 0 0 ELIZABETH SMITH AT LARGE 1.00 X 0 0 0 DEBBY WAID MEMBER 1.00 X 0 0 0 WENDY ZARA IMMEDIATE PAST CHAIR 2.00 X 0 0 0 ANNA LEWIN CHIEF EXECUTIVE OFFICER 40.00 X 52151 0 3673 LEIGH ANN SHELTON CHIEF FINANCIAL OFFICER 40.00 X 156040 0 10006 JAMES CHASTERFIELD CHIEF LENDING OFFICER 40.00 X 27635 0 3673 VICTORIA HAUGEN CHIEF STRATEGY OFFICER 40.00 X 130137 0 10025 DEBORAH MCKETTY PRESIDENT 40.00 X 20615 0 210 NATHANIEL BARBER CHIEF EXECUTIVE OFFICER 40.00 X 42548 0 350 429126 0 27937 2 0 1 0 CHERRY BEKAERT LLP 110 E COURT ST STE 500 GREENVILLE SC 29601 ACCOUNTING AND TAX SERVICES 248818 1 1200000 1264553 2464553 LOAN INTEREST AND FEES 624229 2494114 2494114 2494114 349 349 4959016 2494114 0 349 X 237500 237500 457064 291095 145438 20531 711161 452924 226292 31945 80725 57187 19250 4288 93696 66376 22343 4977 73707 45175 23843 4689 581384 360107 184703 36574 5644 5644 101846 54673 43891 3282 67470 41352 21825 4293 73809 50977 19386 3446 6751 3358 3393 12422 10919 806 697 656503 648043 8460 50291 17422 31803 1066 27961 12809 14326 826 AFFORDABLE HOUSING SUBS 613773 613773 DUES AND SUBSCRIPTIONS 32149 4049 28100 PROFESSIONAL DEVELOPMEN 18644 12195 6449 BANK FEES 15848 4186 11550 112 13241 10474 2455 312 3931589 3000238 814313 117038 6173195 7888987 778791 627391 85048 226206 28411928 32831258 70709 115887 1032934 186357 896868 846577 2000 3150 36418539 42539456 59158 96063 4230 12250 27185674 32094797 215630 215630 27464692 32418740 X 8355296 9283395 598551 837321 8953847 10120716 36418539 42539456 1027427 139442 0 X X 0 1 X 1 1 1 X 1034955 1706789 2459986 2571236 2464553 10237519 1034955 1706789 2459986 2571236 2464553 10237519 2358056 7879463 48163 81995 349 130507 10368026 8176397 0.76000 0.82080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 712138 53410 658728 80497 10233 70264 240299 122714 117585 846577 PPP LOAN 215630 215630 X 5098458 139442 139442 4959016 0 4959016 3931589 0 3931589 0 3931589 PART IV, LINE 2B: ADVANCES RECEIVED FROM DONORS OR GRANTING AGENCIES TO BE PASSED THROUGH TO DESIGNATED THIRD PARTIES ARE RECORDED AS ASSETS HELD FOR OTHERS. PART X, LINE 2: SCCLF IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A CHARITABLE ORGANIZATION WHEREBY ONLY UNRELATED BUSINESS INCOME, IF ANY, AS DEFINED BY THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. SCCLF IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. SCCLF'S POLICY IS TO REPORT ACCRUED INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS, WHEN APPLICABLE, AS INTEREST EXPENSE AND TO REPORT PENALTIES AS OTHER EXPENSE. MANAGEMENT HAS EVALUATED THE TAX POSITIONS OF SCCLF AND DOES NOT BELIEVE THAT ANY UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS EXIST FOR THE YEARS ENDED DECEMBER 31, 2021 OR 2020. 1 LIGHTHOUSE HYDRO MART 203 CYPRESS MARSH ROAD MONCKS COERNS SC 29461 861196512 30000 0 FORGIVABLE LOAN DELTA 4 SECURITY LLC 100 KNOB HILL EVANS GA 30809 843988279 10000 0 FORGIVABLE LOAN WICKS SCENTS 1895 BROUGHTON STREET ORANGEBURG SC 29115 272040853 30000 0 FORGIVABLE LOAN FABEL FARMS LLC 1208 HINNANTS STORE ROAD WINNSBORO SC 29180 824685351 10000 0 FORGIVABLE LOAN CHOPS PRODUCE 505 CHURCH STREET CONWAY SC 29526 264805210 30000 0 FORGIVABLE LOAN SAL'S & GEORGE'S FEED SEED AND SUPPLY 113 HILLTOP DRIVE COLUMBIA SC 29203 208522191 10000 0 FORGIVABLE LOAN GLORIOUS GROCERY ON WHEELS 307 KINGSBORO ROAD ANDERSON SC 29626 250195713 12500 0 FORGIVABLE LOAN 1 AM SHE 2318 OLD MULLINS ROAD NICHOLS SC 29563 811397959 10000 0 FORGIVABLE LOAN VISA NOW 648 C BULTMAN DRIVE SUMTER SC 29150 821584618 30000 0 FORGIVABLE LOAN THE NAKED PANTRY COMPANY 313 ANNE STREET GOOSE CREEK SC 29445 871550325 30000 0 FORGIVABLE LOAN DRAGONFLY CREEK 2189 RUFFIN ROAD WALTERBORO SC 29488 871761850 10000 0 FORGIVABLE LOAN 0 11 PART I, LINE 2: AWARDEES PROVIDE DOCUMENTED BUSINESS EXPENSES (MATERIALS, ADVERTISING, ETC.) AS WELL AS A BUSINESS PLAN. X X 0 0 0 0 0 0 0 0 0 LEIGH ANN SHELTON CHIEF FINANCIAL OFFICER 146040 0 10000 0 0 0 4739 0 5267 0 166046 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT WAS PROVIDED TO THE BOARD OF DIRECTORS TO REVIEW AND APPROVE BEFORE FILING THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION PROVIDES A COPY OF THE POLICY TO THE BOARD MEMBERS AND REQUIRES THEM TO REVIEW ON AN ANNUAL BASIS. IN THE EVENT OF A POTENTIAL CONFLICT DURING THE YEAR, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM DISCUSSIONS AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 SALARY SURVEYS ARE USED AS THE BASIS FOR DETERMINING COMPENSATION FOR ALL STAFF MEMBERS. THE SURVEY PROVIDES A MINIMUM, MIDPOINT, AND MAXIMUM FOR EACH POSITION WITHIN SCCLF. SALARY TARGETS ARE SET DURING THE BUDGETING PROCESS AND ARE BASED ON ACHIEVING A MINIMUM PERCENTAGE OF THE MIDPOINT RANGE FOR ALL STAFF POSITIONS. TARGET PERCENTAGES FOR EXECUTIVE STAFF ARE SET SEPARATELY AND HAVE HISTORICALLY BEEN LOWER THAN THOSE SET FOR NON-EXECUTIVE STAFF. THOSE TARGETS ARE REVIEWED BY THE EXECUTIVE COMMITTEE, FINANCE COMMITTEE, AND FULL BOARD DURING THE BUDGET APPROVAL PROCESS. THE COMMITTEE'S DECISIONS ARE DOCUMENTED IN MEETING MINUTES, AND SALARY LETTERS ARE THEN PREPARED FOR EACH STAFF MEMBER AND SIGNED BY THE CEO. THE CEO'S SALARY LETTER IS SIGNED BY THE BOARD CHAIR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND FORM 990 ARE PROVIDED WHEN REQUESTED BY THIRD PARTIES. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 332,108. MANAGEMENT AND GENERAL EXPENSES 175,279. FUNDRAISING EXPENSES 34,475. TOTAL EXPENSES 541,862. OTHER FEES: PROGRAM SERVICE EXPENSES 27,999. MANAGEMENT AND GENERAL EXPENSES 9,424. FUNDRAISING EXPENSES 2,099. TOTAL EXPENSES 39,522. FORM 990, PART XI, LINE 2C THE PROCESS HAS NOT CHANGED. 1051A GARDNER ROAD LLC 1051A GARDNER ROAD CHARLESTON SC 29407 REAL ESTATE SC 0 712138 SOUTH CAROLINA COMMUNITY LOAN FUND SCCLF SUB-CDE I 1051-A GARDNER ROAD CHARLESTON SC 29407 833479337 PROVIDING INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES SC EXCLUDED FROM TAX 4 500 0 1 0.00010 SCCLF SUB-CDE II LLC 1051-A GARDNER ROAD CHARLESTON SC 29407 833499059 PROVIDING INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES SC EXCLUDED FROM TAX 42 1242 0 1 0.00010 SCCLF SUB-CDE III LLC 1051-A GARDNER ROAD CHARLESTON SC 29407 833522053 PROVIDING INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES SC EXCLUDED FROM TAX 3 305 0 1 0.00010 SCCLF SUB-CDE IV LLC 1051-A GARDNER ROAD CHARLESTON SC 29407 833538561 PROVIDING INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES SC EXCLUDED FROM TAX 8 450 0 0 0.00010 SCCLF SUB-CDE V LLC 1051-A GARDNER ROAD CHARLESTON SC 29407 833560861 PROVIDING INVESTMENT CAPITAL FOR LOW-INCOME COMMUNITIES SC EXCLUDED FROM TAX 1 701 0 0 0.00010 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0