2021-10-05T13:40:20-05:00 2020-12-31 521480805 COUNCILOR BUCHANAN & MITCHELL PC 7910 WOODMONT AVE STE 500 BETHESDA MD 20814 990 2020-01-01 521290127 CAPITAL IMPACT PARTNERS CAPI 7036472300 1400 CRYSTAL DRIVE 500 ARLINGTON VA 22202 NATALIE GUNN CHIEF FINANCIAL/ADMIN OFFICER 7036472360 2021-10-04 1 NATALIE GUNN 999009999 JOSEPH F WILSON JR P00049429 3019860600 2021-10-04 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z NATALIE GUNN 1400 CRYSTAL DRIVE 500 ARLINGTON VA 22202 59093717 0 X WWW.CAPITALIMPACT.ORG X 1982 DC THROUGH CAPITAL AND COMMITMENT, CAPITAL IMPACT PARTNERS HELPS PEOPLE BUILD COMMUNITIES OF OPPORTUNITY THAT BREAK BARRIERS TO SUCCESS. 11 11 114 0 0 0 4687574 29250083 25105067 24452752 3770258 1010281 107678 347304 33670577 55060420 2209117 591000 0 0 13067452 16195246 0 0 1295402 20157863 21564809 35434432 38351055 -1763855 16709365 595737995 609347116 461414591 454309145 134323404 155037971 X SEE SCHEDULE O 0 0 -151500 4781047 AFFORDABLE HOUSING:CAPITAL IMPACT PARTNERS BRIDGES THE GAP BETWEEN POLICY AND DEVELOPMENT TO IMPROVE THE LIVES OF LOW-INCOME INDIVIDUALS. CAPITAL IMPACT PARTNERS' EFFORTS IN AFFORDABLE HOMEOWNERSHIP ARE TO BUILD CAPACITY AND SCALE FOR LONG-TERM AFFORDABLE HOUSING. IN 2020, CAPITAL IMPACT PARTNERS DISBURSED APPROXIMATELY $25.1 MILLION TO AID IN THE RENOVATION OR NEW CONSTRUCTION OF 9 HOUSING COMPLEXES, CREATING 1,835 UNITS OF HOUSING, APPROXIMATELY NINTEY-SEVEN PERCENT OF WHICH WERE AFFORDABLE. -20200 3023445 HEALTHCARE:CAPITAL IMPACT PARTNERS HAS CREATED INNOVATIVE SOLUTIONS TO SUCCESSFULLY PRESERVE AFFORDABLE HEALTH CARE FOR LOW INCOME FAMILIES ACROSS THE COUNTRY. DEDICATED TO DELIVERING VALUE-ADDED SERVICE AND EASE OF PROCESS, WE TAP OUR OVER 30 YEARS OF EXPERIENCE IN THE MARKET TO CUSTOMIZE APPROPRIATELY STRUCTURED FINANCING FOR OUR BORROWERS: COMMUNITY CLINICS AND HEALTH CENTERS, SUBSTANCE ABUSE REHABILITATION/BEHAVORIAL CARE FACILITIES, ADULT DAY HEALTH CARE FACILITIES, AND ASSISTED LIVING/CONTINUING CARE FACILITIES. IN 2020, CAPITAL IMPACT PARTNERS DISBURSED APPROXIMATELY $19.3 MILLION TO 16 HEALTH FACILITIES THAT SERVE NEARLY 399,000 PATIENTS ANNUALLY. EIGHTY-THREE PERCENT OF PATIENTS LIVE AT OR BELOW 200% OF THE FEDERAL POVERTY LINE.ADDITIONALLY, IN 2020 CAPITAL IMPACT PARTNERS CREATED A CPCA COVID-19 RAPID RESPONSE FUND FOR FEDERALLY QUALIFIED HEALTH CENTERS IN NEED OF WORKING CAPITAL DUE TO THE COVID CRISIS. CAPITAL IMPACT PARTNERS DISTRIBUTED APPROXIMATELY $5.65 MILLION THROUGH THIS FUND TO 8 FQHCS. -70700 4414049 EDUCATION:CAPITAL IMPACT PARTNERS HAS BEEN A CHARTER SCHOOL LENDER FOR OVER 20 YEARS AND HAS BECOME A VALUABLE FINANCING SOURCE FOR OUR NATION'S CHARTER SCHOOLS. TO ENSURE THAT LOW COST CAPITAL IS AVAILABLE NATIONWIDE, CAPITAL IMPACT PARTNERS OFFERS (1) CONSTRUCTION AND RENOVATION LOANS, (2) REAL ESTATE ACQUISITION AND TERM LOANS, EQUIPMENT LOANS, AND (3) REVOLVING LINES OF CREDIT. CAPITAL IMPACT PARTNERS CONNECTS ITS BORROWERS TO INSTITUTIONAL INVESTORS TOIMPROVE THE AMOUNT AND TYPE OF FINANCING AVAILABLE. IN 2020, DISBURSEMENTS TOTALED $32.4 MILLION TO 8 CHARTER SCHOOLS THAT SERVE JUST OVER 4,800 STUDENTS, 88% OF WHOM QUALIFY FOR FREE OR REDUCED PRICE LUNCHES. CAPITAL IMPACT PARTNERS DEVELOPED OR RENOVATED MORE THAN 252,000 SQUARE FEET OF EDUCATIONAL SPACE. 200967 255000 365491 HEALTHY FOOD: CAPITAL IMPACT PARTNERS PROVIDES LOANS TO COMMUNITY BASED ORGANIZATIONSTHAT WILL FINANCE GROCERY STORES AND OTHER RETAIL OUTLETS TO IMPROVE THE ACCESS TO FRESH, HEALTH FOODS IN FOOD DESERTS AND OTHER UNDERSERVED AREAS. CAPITAL IMPACT PARTNERS PROVIDED FINANCING TO 1 HEALTHY FOOD PROJECT IN 2020 TOTALING $3.4 MILLION. THE PROJECT IS EXPECTED TO PROVIDE FRESH, HEALTHY FOOD ACCESS TO 13,620 LOW-AND MODERATE-INCOME PEOPLE. THE FINANCING IS FOCUSED TO DEVELOP AND EXPAND GROCERY STORES AND DEVELOP AN INCLUSIVE FOOD SYSTEM IN UNDERSERVED COMMUNITIES.CAPITAL IMPACT PARTNERS MANAGED THE MICHIGAN GOOD FOOD FUND (MGFF) FROM 2015 THROUGH 2020. MGFF PROVIDES CAPITAL AND CAPACITY TO FUEL A MORE INCLUSIVE FOOD SYSTEM THROUGH TECHNICAL ASSISTANCE, CATALYTIC GRANTS, AND FINANCING. THE GOALS OF THIS INITIATIVE INCLUDE: EXPANDING ACCESS TO HEALTHY, AFFORDABLE FOOD; ADVANCING RACIAL AND SOCIAL EQUITY IN FOOD SYSTEMS; ECONOMIC DEVELOPMENT THROUGH JOB CREATION; PROMOTING LOCAL SOURCING; AND SUPPORTING ENVIRONMENTAL STEWARDSHIP. AS OF 2020, MGFF HAS SUPPORTED MISSION-ALIGNED BUSINESSES THROUGH TECHNICAL ASSISTANCE TO 310+ RECIPIENTS, 36 CATALYTIC INVESTMENT AWARDS, 85 TA FINANCIAL ASSISTANCE AWARDS, AND 44 LOANS THROUGH CAPITAL IMPACT PARTNERS AND INTERMEDIARY LENDING PARTNERS. LOANS AND GRANTS TOTAL OVER $17.1 MILLION, AND OF THE LOAN AND GRANT RECIPIENTS, 100 PERCENT OF THESE BUSINESSES OFFER HEALTHY FOOD, 59 PERCENT ARE WOMEN-OWNED, AND 72 PERCENT ARE OWNED BY PEOPLE OF COLOR. 22945224 10913725 GENERAL LOAN PROGRAM:CAPITAL IMPACT PARTNERS PROVIDES LOANS AND FINANCIAL SERVICES TO COMMUNITY-BASED ORGANIZATIONS FOCUSED ON PROVIDING GOODS AND SERVICES TO LOW INCOME AND ECONOMICALLY DISADVANTAGED POPULATIONS. 26684 1482955 NEW MARKET TAX CREDITS:CAPITAL IMPACT PARTNERS HAS RECEIVED EIGHT ALLOCATIONS OF NEW MARKETS TAXCREDITS (NMTC) AND HAS ALLOCATED $589 MILLION TO PROVIDE HEALTH CARE PROVIDERS, HEALTHY FOOD GROCERY STORES, CHARTER SCHOOLS, AND OTHER COMMUNITY ORGANIZATIONS AFFORDABLE FINANCING NATIONWIDE. NMTC ALLOWS CAPITAL IMPACT PARTNERS TO OFFER BORROWERS MORE FLEXIBLE TERMS SUCH AS LONGER AMORTIZATION PERIODS, INTEREST-ONLY PAYMENTS FOR AS LONG AS SEVEN YEARS, HIGHER LOAN-TO-VALUE RATIOS AND POTENTIAL EQUITY BENEFIT AT THE END OF THE LOAN TERM. 495353 320000 EQUITY PROGRAMMING: ENTREPRENEURS OF COLOR FUNDIN 2018, CAPITAL IMPACT PARTNERS RECEIVED $3.3 MILLION IN GRANT FUNDING FROM JPMORGAN CHASE TO MANAGE THE DC-AREA ENTREPRENEURS OF COLOR FUND (EOCF), ALLOWING CAPITAL IMPACT PARTNERS TO PARTNER WITH WACIF AND LEDC, DC-AREA CDFIS, TO PROVIDE CAPITAL AND CAPACITY BUILDING TO MINORITY ENTREPRENEURS IN THE REGION. AS OF 2020, THE PARTNER ORGANIZATIONS HAVE DISBURSED THE ENTIRETY OF THE $3.3 MILLION GRANT, ASSISTING OVER 1,500 SMALL BUSINESS. 730589 16000 EQUITABLE DEVELOPMENT INITIATIVE: THE EQUITABLE DEVELOPMENT INITIATIVE (EDI) COMBINES CAPITAL IMPACT'S ROLE AS A PROVIDER OF CATALYTIC CAPITAL AND ITS DEVELOPMENT EXPERTISE INTO A PROGRAM THAT SUPPORTS LOCAL MINORITY DEVELOPERS WITH FORMALIZED TECHNICAL ASSISTANCE AND DEVELOPMENT FINANCING. THE PROGRAM AIMS TO ENSURE MINORITY DEVELOPERS ARE ABLE TO PARTICIPATE IN REVITALIZATION EFFORTS, INCREASE PARTICIPANTS' KNOWLEDGE OF THE REAL ESTATE DEVELOPMENT PROCESS, AND RETAIN MINORITY DEVELOPERS WHO ARE LIKELY TO CONTINUE TO INVEST IN REAL ESTATE PROJECTS. AS OF 2020, THE DETROIT PROGRAM HAS GRADUATED 67 PARTICIPANTS AND BEGUN ANOTHER COHORT OF 20 PARTICIPANTS, AND THE DMV PROGRAM GRADUATED THEIR FIRST COHORT OF 34 PARTICIPANTS AND BEGAN A SECOND COHORT OF 17 PARTICIPANTS. 24398817 591000 12762171 24156417 1 1 0 1 0 0 0 0 0 1 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 105 0 1 114 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA DE X NATALIE GUNN CO CAPITAL IMPACT PARTNERS 7036472360 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 JENNIFER SMITH DOLIN DIRECTOR 0.65 X 4500 0 0 PEDRO GOITIA DIRECTOR 0.65 X 6250 0 0 ELI KENNEDY DIRECTOR 0.65 X 4750 0 0 L RAY MONCRIEF DIRECTOR 0.65 X 2500 0 0 DAN VARNER DIRECTOR 0.65 X 2500 0 0 PAUL HAZEN DIRECTOR 0.65 X 4500 0 0 WILSON BEEBEJR DIRECTOR 0.65 X 4500 0 0 ALAINA BEVERLY DIRECTOR 0.65 X 5000 0 0 CASEY FANNON DIRECTOR 0.65 X 4500 0 0 DAVID VLIET DIRECTOR 0.65 X 4500 0 0 GAIL MARKULIN DIRECTOR 0.65 X 3750 0 0 ELLIS CARR PRESIDENT & CEO 40.00 X 484462 0 33846 CAROLYN K BAUER CHIEF RISK OFFICER 40.00 X 203648 0 19559 DIANE BORRADAILE CHIEF LENDING OFFICER 40.00 X 270447 0 33133 KIM DORSETT CHEIF HUMAN RESOURCE OFFICERS 40.00 X 195781 0 42047 NATALIE GUNN CHIEF FINANCIAL/ADMINISTRA 40.00 X 298985 0 35309 DANIELLE GRACEFFA INTERIM GENERAL COUNSEL 40.00 X 220307 0 41247 JARET DINARD INGS SENIOR DIRECTOR OF FINANCE AND TREASURER 40.00 X 184723 0 16699 SCOTT BERMAN DEPT. DIRECTOR 40.00 X 220802 0 31315 LISA GRAMMER CONTROLLER 40.00 X 206548 0 42602 MATTHEW WEHLAND SENIOR DIRECTOR OF LENDING OPERATIONS 40.00 X 201459 0 25291 LAUREN COUNTS SENIOR DIRECTOR, HEAD OF NATIONAL PROGRAMS 40.00 X 202922 0 19742 2737334 0 340790 67 0 1 0 RSM US LLP 518 TOWNSHIP LINE RD STE 300 BLUE BELL PA 19422 AUDIT AND TAX SERVICE 648405 CDC SMALL BUSINESS FINANCE CORP 2448 HISTORIC DECATUR RD STE 200 SAN DIEGO CA 92106 CONSULTING SERVICE 605609 PILLSBURY WINTHROP SHAW 1200 SEVENTEENTH STREET NW WASHINGTON DC 20036 LEGAL SERVICE FEE 545453 ACTUALIZE CONSULTING LLC 1252 CENTER HARBOR PLACE RESTON VA 20194 CONSULTING SERVICE 467843 NEXT STREET FINANCIAL LLC 75 BROAD STREET SUIT 702 NEW YORK NY 10004 BUSINESS ADVISORY SERVICE 416500 10 29250083 29250083 INTEREST EARNED ON LOANS 900099 21385651 21385651 LOAN FEES 900099 3067101 3067101 24452752 829625 829625 4213953 4033297 180656 180656 180656 OTHER INCOME 900099 347304 347304 347304 55060420 24980712 0 829625 X 591000 591000 2127440 1630233 240090 257117 10911535 5148752 5600958 161825 1052621 497414 549004 6203 1254110 885825 367413 872 849540 516183 333357 572692 51778 448730 72184 726412 65677 569176 91559 185517 185517 4003112 1092338 2507424 403350 534150 147884 324657 61609 599868 321659 234490 43719 1261993 629265 557499 75229 65287 30851 29664 4772 11368934 11368934 323595 99438 224157 221974 191215 30759 PROVISION FOR LOAN LOSS 713095 713095 CORPORATE DEVELOPMENT 577269 40868 462071 74330 LOAN FEES 305395 305395 TRAINING 105516 19828 73814 11874 38351055 24156417 12899236 1295402 65665231 83038044 1925000 2784260 2659556 392030625 399434392 2974695 1410178 1467508 1564517 1715162 1759060 114099902 109841642 16050307 11049905 595737995 609347116 2718969 3879944 438241585 429133416 20454037 21295785 461414591 454309145 X 106877719 121469936 27445685 33568035 134323404 155037971 595737995 609347116 X 16709365 2503385 1501817 X X 0 1 X 1 1 1 X 8411739 1014600 16576230 4687574 29250083 59940226 8411739 1014600 16576230 4687574 29250083 59940226 7790282 52149944 267059 1047881 2171959 3653545 829625 7970069 611024 303534 6943 107768 347304 1376573 69286868 112716999 0.75270 0.57980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000000 1000000 1000000 1000000 4000000 6000000 27279 18100 45379 250000 250000 250000 250000 1000000 1500000 27445685 14250083 62924 8190657 33568035 29717024 4437574 249945 6958858 27445685 18292459 16576230 152650 5304315 29717024 24757094 1014600 56863 7536098 18292459 26584653 8411739 72233 10311531 24757094 1.00000 0 0 1917052 615795 1301257 318846 279588 39258 738797 514795 224002 1564517 EQUITY - FHLB ATLANTA 2546400 C INVESTMENT IN ROC USA 3361301 C NEW MARKET TAX CREDIT ENTITIES 19229 C INVESTMENT IN CSFP 294264 C MORTGAGE BACKED AND US TREASURY SECURITIES 66386667 F OTHER INVESTMENTS 281805 F INVESTMENT IN CIIF 8934036 C INNOVATION INVESTMENT PORTFOLIO 975997 C WORKFORCE AFFORDABLE HOUSING FUND 1, LLC 26942843 C MERITUS VENTURES 99100 C 109841642 REFUNDABLE ADVANCE LIABILITY 8853592 LEASE LIABILITIES 12442193 21295785 X 60123264 2503384 2744977 5248361 54874903 185517 185517 55060420 38171321 5783 5783 38165538 185517 185517 38351055 PART V, LINE 4: NET ASSETS WITH DONOR RESTRICTIONS ARE USED FOR CIP'S PROGRAMS, INCLUDING A REVOLVING LOAN FUND TO FINANCE DEVELOPMENT AND EXPANSION OF SMALL BUSINESSES. AS OF MARCH 18, 2018, THE DONOR REPURPOSED THIS FUND TO FINANCE INVESTMENTS OR PROVIDE COMMUNITY SUPPORT BENEFITTING VULNERABLE POPULATIONS. PART X, LINE 2: UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, CIP IS EXEMPT FROM INCOME TAXES ON INCOME OTHER THAN NET UNRELATED BUSINESS INCOME. CIP DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31,2020. CIP HAS ADOPTED THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN ASC TOPIC INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. MANAGEMENT EVALUATED CIP'S TAX POSITION AND CONCLUDED THAT CIP HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. CONSEQUENTLY, NO ACCRUAL FOR FEDERAL OR STATE TAX LIABILITY FOR INTEREST AND PENALTIES WAS DEEMED NECESSARY FOR THE YEAR ENDED DECEMBER 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN EQUITY METHOD INVESTMENTS 1,502,237. INCOME FROM CONSOLIDATED SUBSIDIARIES 1,243,160. NEW MARKET TAX CREDIT UNWIND -420. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED WITH INVESTMENT INCOME ON AUDIT 185,517. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES RELATED TO CONSOLIDATED SUBSIDIARIES 5,783. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED WITH INVESTMENT EXPENSES ON AUDIT 185,517. 1 BABA'S COOKING SCHOOL LLC 3607 GEORGIA AVENUE NW WASHINGTON DC 20010 461558128 10000 DMV INNOVATIVE RESPONSE FUND CROSSROADS COMMUNITY FOOD NETWORK INC 6930 CARROLL AVENUE SUITE 426 TAKOMA PARK MD 20912 364635237 501 (C)(3) 20000 DMV INNOVATIVE RESPONSE FUND DREAMING OUT LOUD INC 419 7TH STREET NW 3RD FLOOR WASHINGTON DC 20004 261286043 501 (C)(3) 20000 DMV INNOVATIVE RESPONSE FUND GRANT FRESH CORNER CAFE LLC 4444 SECOND AVENUE DETROIT MI 48201 272420580 501 (C)(3) 50000 MGFF CATALYTIC INVESTMENT AWARD ROUND 4 GRANT LATINO ECONOMIC DEVELOPMENT CENTER 641 S STREET NW WASHINGTON DC 20001 521749216 501 (C)(3) 130000 DMV INNOVATIVE RESPONSE FUND LIVE STATION PROJECT LLC 6147 BECHT ROAD COLOMA MI 49038 474744300 46000 MGFF CATALYTIC INVESTMENT AWARD ROUND 4 GRANT MALAMIAH JUICE BAR LLC 122 OAKES STREET SW SUITE 110 GRAND RAPIDS MI 49503 463074420 50000 CATALYTIC INVESTMENT AWARD ROUND 4 GRANT FUNDING NORTHEND CHRISTIAN CDC 9354 OAKLAND AVENUE DETROIT MI 48211 383435371 501 (C)(3) 54000 MGFF CATALYTIC INVESTMENT AWARD ROUND 4 GRANT SOUTH EAST MARKET LLC 1220 KALAMAZOO AVE SE GRAND RAPIDS MI 49507 852490924 5000 MGFF CATALYTIC INVESTMENT AWARD ROUND 5 GRANT SPROUT URBAN FARMS POBOX 888 BATTLE CREEK MI 49016 453707870 501 (C)(3) 50000 MGFF CATALYTIC INVESTMENT AWARD ROUND 4 WASHINGTON AREA COMMUNITY INVESTMENT FUND INC 2012 RHODE ISLAND AVENUE NE WASHINGTON DC 20018 541442466 501 (C)(3) 140000 ENTREPRENEURS OF COLOR FUND GRANT AMENDMENT #1 7 11 PART I, LINE 2: GRANTEES MUST REPORT ACTUAL EXPENSES FOR EACH MONTH AND SUBMIT QUARTERLY FINANCIAL REPORTS. 1 X X X 0 0 0 0 0 0 0 0 0 ELLIS CARR PRESIDENT & CEO 484462 0 0 0 0 0 33846 0 0 0 518308 0 0 0 NATALIE GUNN CHIEF FINANCIAL/ADMINISTRA 298985 0 0 0 0 0 33754 0 1555 0 334294 0 0 0 DIANE BORRADAILE CHIEF LENDING OFFICER 270447 0 0 0 0 0 26432 0 6701 0 303580 0 0 0 DANIELLE GRACEFFA INTERIM GENERAL COUNSEL 220307 0 0 0 0 0 23754 0 17493 0 261554 0 0 0 SCOTT BERMAN DEPT. DIRECTOR 220802 0 0 0 0 0 25188 0 6127 0 252117 0 0 0 LISA GRAMMER CONTROLLER 206548 0 0 0 0 0 23554 0 19048 0 249150 0 0 0 KIM DORSETT CHEIF HUMAN RESOURCE OFFICERS 195781 0 0 0 0 0 22988 0 19059 0 237828 0 0 0 MATTHEW WEHLAND SENIOR DIRECTOR OF LENDING OPERATION 201459 0 0 0 0 0 19056 0 6235 0 226750 0 0 0 CAROLYN K BAUER CHIEF RISK OFFICER 203648 0 0 0 0 0 19559 0 0 0 223207 0 0 0 LAUREN COUNTS SENIOR DIRECTOR, HEAD OF NATIONAL PR 202922 0 0 0 0 0 19578 0 164 0 222664 0 0 0 JARET DINARD INGS SENIOR DIRECTOR OF FINANCE AND TREAS 184723 0 0 0 0 0 15269 0 1430 0 201422 0 0 0 SEE SCHEDULE O MEMBER SEE SCHEDULE O X 22999244 29417070 0 1 1 29417070 FORM 990, PART 1, LINE 1 DESCRIPTION CONTINUATION: CAPITAL IMPACT PARTNERS WAS ESTABLISHED PURSUANT TO SECTION 211 OF THE NATIONAL CONSUMER COOPERATIVE BANK ACT AS AMENDED (THE "BANK ACT")(12 U.S.C.3051), AS A SECTION 501(C)(3) ORGANIZATION FORMED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING PURPOSES THAT ARE EXPRESSLY DEEMED CHARITABLE WITHIN THE MEANING OF SECTION 501(C)(3) UNDER SECTION 211 (C)(2) OF THE BANK ACT. ITS PRIMARY PURPOSE IS TO PROVIDE FINANCIAL SERVICES AND TECHNICAL SUPPORT TO COOPERATIVES AND OTHER DEMOCRATICALLY STRUCTURED, COOPERATIVE-LIKE ORGANIZATIONS, TARGETED TOWARD NEWER, LESS ESTABLISHED ORGANIZATIONS AND UNDERSERVED COMMUNITIES WHOSE RESIDENTS ARE DISADVANTAGED, LOW-INCOME AND/OR ELDERLY PERSONS WITH SPECIAL NEEDS. FORM 990, PART VI, SECTION A, LINE 6 YES, CIP HAS MEMBERS. THE ARTICLES OF INCORPORATION, AS AMENDED (THE "ARTICLES"). AND THE BYLAWS, AS AMENDED (THE "BYLAWS"), OF CIP, PROVIDE THAT THE MEMBERS OF THE BOARD OF DIRECTORS OF THE NATIONAL COOPERATIVE BANK SHALL SERVE, EX OFFICIO, AS THE MEMBERS OF CIP. FORM 990, PART VI, SECTION A, LINE 7A EACH OF THE MEMBERS OF CIP IS ENTITLED TO CAST ONE (1) VOTE WITH RESPECT TO ANY AMENDMENT TO CIP'S ARTICLES, AND WITH RESPECT TO ANY AMENDMENT TO, OR THE REPEAL OF, CIP'S BYLAWS. THE MEMBERS DO NOT HAVE ANY OTHER VOTING POWER AND THUS ARE NOT ENTITLED TO VOTE WITH RESPECT TO THE COMPOSITION OF THE BOARD OF DIRECTORS. THE ARTICLES AND BYLAWS PROVIDE THAT THE MEMBERS OF THE BOARD OF DIRECTORS OF CIP SHALL BE ELECTED BY THE THEN-CURRENT MEMBERS OF THE BOARD OF DIRECTORS OF CIP. FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS PROVIDE THAT ANY AMENDMENT TO THE ARTICLES AND ANY AMENDMENT TO, OR THE REPEAL OF, THE BYLAWS MUST BE APPROVED BY THE AFFIRMATIVE VOTE OF AT LEAST SIX (6) OF THE ELEVEN (11) DIRECTORS. THE ARTICLES PROVIDE THAT EACH OF THE MEMBERS OF CIP IS ENTITLED TO CAST ONE (1) VOTE WITH RESPECT TO ANY AMENDMENT TO CIP'S ARTICLES, AND WITH RESPECT TO ANY AMENDMENT TO, OR THE REPEAL OF CIP'S BYLAWS. IN PARTICULAR, THE ARTICLES PROVIDE THAT ANY AMENDMENT OF THE ARTICLES MUST BE APPROVED BY THE AFFIRMATIVE VOTE OF AT LEAST TWO-THIRDS (2/3) OF THE VOTES ENTITLED TO BE CAST BY THE MEMBERS PRESENT AT A MEETING OF THE MEMBERSHIP; AND THAT ANY AMENDMENT OR REPEAL OF THE BYLAWS MUST BE APPROVED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS PRESENT AT A MEMBERSHIP MEETING. THE PROCEDURAL METHOD AND MANNER OF GIVING NOTICE OF MEETINGS, ESTABLISHING QUORUM AND SUBMITTING MATTERS TO A VOTE ARE SPECIFIED IN THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS HAS DELEGATED THE RESPONSIBILITY FOR REVIEWING AND APPROVING THE FORM 990 TO THE FINANCE AND RISK COMMITTEE ("FINANCE COMMITTEE") OF THE BOARD OF DIRECTORS. THE CHAIR OF THE FINANCE COMMITTEE REVIEWS THE FORM 990 WITH CIP'S CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER, CONTROLLER AND TAX PREPARER BEFORE IT IS SUBMITTED TO THE FINANCE COMMITTEE. THE FINANCE COMMITTEE THEN INDEPENDENTLY REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING. THE CHAIR OF THE FINANCE COMMITTEE REPORTS ON THE PROCESS AND FINDINGS OF THE FINANCE COMMITTEE AT THE NEXT REGULARLY SCHEDULED MEETING OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS AND APPROVES CIP'S CODE OF CONDUCT AND ETHICS POLICY ON AN ANNUAL BASIS; THE CODE OF CONDUCT AND ETHICS POLICY INCLUDES, AMONG OTHER THINGS, CIP'S CONFLICT OF INTEREST POLICY. THE CODE OF CONDUCT AND ETHICS POLICY IS MADE AVAILABLE TO ALL OFFICERS AND EMPLOYEES OF CIP AND ALL MEMBERS OF THE BOARD OF DIRECTORS, EACH OF WHOM IS REQUIRED TO CERTIFY AS TO MATTERS SET FORTH IN THE POLICY AND PROVIDE CONFLICTS OF INTEREST DISCLOSURES (IF ANY) ON AN ANNUAL BASIS. THE GENERAL COUNSEL AND THE ETHICS OFFICIAL DESIGNATED IN THE CODE OF CONDUCT AND ETHICS POLICY JOINTLY EVALUATE ALL CONFLICTS OF WHICH THEY BECOME AWARE AND SUBMIT SUCH CONFLICTS FOR RESOLUTION TO THE BOARD'S AUDIT COMMITTEE, IF NECESSARY. MINUTES REFLECTING ALL MEETINGS HELD AND ACTIONS TAKEN BY THE AUDIT COMMITTEE, INCLUDING WITH RESPECT TO CONFLICTS MATTERS, ARE INCLUDED IN THE CORPORATE RECORD BOOK. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS DELEGATED THE RESPONSIBILITY FOR REVIEWING AND MAKING RECOMMENDATIONS WITH RESPECT TO EXECUTIVE COMPENSATION TO ITS EXECUTIVE COMMITTEE (THE "EXECUTIVE COMMITTEE"), PURSUANT TO THE BOARD-LEVEL DELEGATIONS OF AUTHORITY AND THE EXECUTIVE COMMITTEE CHARTER. THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION OF THE EXECUTIVE OFFICERS OF CAPITAL IMPACT PARTNERS; THE EXECUTIVE COMMITTEE THEN REPORTS ITS PROCESS, FINDINGS AND RECOMMENDATIONS TO THE BOARD OF DIRECTORS FOR INDEPENDENT REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS. THE PROCESS INCLUDES: MANAGING THE PROCESS OF COLLECTING AND REVIEWING MARKET DATA FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER, THE CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER, THE CHIEF LENDING OFFICER, THE CHIEF STRATEGY AND INNOVATION OFFICER, THE GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER, AND THE TREASURER; PERIODICALLY ENGAGING INDEPENDENT CONSULTANTS TO PERFORM INDEPENDENT MARKET ANALYSIS; EVALUATING THE PERFORMANCE OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER; AND RECOMMENDING ANNUAL EXECUTIVE-LEVEL COMPENSATION AND INCENTIVES (IF ANY) TO THE BOARD OF DIRECTORS. ALL MEETINGS AND ACTIONS OF THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS ARE DOCUMENTED CONCURRENTLY THEREWITH AND RECORDED IN THE MINUTES OF CAPITAL IMPACT PARTNERS UPON APPROVAL BY THE EXECUTIVE COMMITTEE OR THE BOARD (AS APPLICABLE). THE BOARD OF DIRECTORS, THE GOVERNING BODY AUTHORIZED TO APPROVE EXECUTIVE-LEVEL COMPENSATION AND INCENTIVE ARRANGEMENTS THAT ARE RECOMMENDED BY THE EXECUTIVE COMMITTEE, IS COMPRISED ENTIRELY OF PERSONS WITHOUT A CONFLICT OF INTEREST. IN SUM, CAPITAL IMPACT PARTNERS IS COMPLYING WITH THE OPTIONAL REBUTTABLE PRESUMPTION MECHANISM OF TREASURY REGULATION SECTION 53.4958-6. FORM 990, PART VI, SECTION C, LINE 18 THE APPLICABLE FORMS ARE AVAILABLE FOR IN-PERSON INSPECTION UPON REQUEST TO THE EXTENT AND IN THE MANNER REQUIRED BY LAW. FORM 990, PART VI, SECTION C, LINE 19 CIP MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON WRITTEN REQUEST. CIP'S ANNUAL REPORT, WHICH CONTAINS A CONDENSED VERSION OF ITS FINANCIAL STATEMENTS, IS POSTED ON ITS WEBSITE. FORM 990, PART IX, LINE 11G CONTRACTUAL SERVICES: PROGRAM SERVICE EXPENSES 1,092,338. MANAGEMENT AND GENERAL EXPENSES 2,507,424. FUNDRAISING EXPENSES 403,350. TOTAL EXPENSES 4,003,112. FORM 990, PART XI, LINE 9: CHANGE IN EQUITY METHOD INVESTMENTS 1,502,237. LOSS ON NEW MARKET TAX CREDIT UNWIND -420. FORM 990, PART XII, LINE 2C: USE OF AUDIT COMMITTEE AS IN PRIOR YEARS, CIP HAS AN AUDIT COMMITTEE COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS. IT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT. SCHEDULE L TRANSACTIONS WITH INTERESTED PERSONS: IN THE NORMAL COURSE OF BUSINESS, MEMBERS OF CIP'S BOARD OF DIRECTORS MAY BE AFFILIATED WITH COOPERATIVES RECEIVING OR ELIGIBLE TO RECEIVE LOANS. CIP HAS CONFLICT OF INTEREST POLICIES, WHICH REQUIRE, AMONG OTHER THINGS, THAT A BOARD MEMBER BE DISASSOCIATED FROM DECISIONS THAT POSE A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST. LOAN REQUESTS FROM COOPERATIVES WITH WHICH MEMBERS OF THE BOARD MAY BE AFFILIATED ARE SUBJECT TO THE SAME ELIGIBILITY AND CREDIT CRITERIA, AS WELL AS THE SAME LOAN TERMS AND CONDITIONS, AS ALL OTHER LOAN REQUESTS. AN ANALYSIS OF THE ACTIVITY DURING FISCAL YEAR 2020 FOR THE AGGREGATE AMOUNT OF THESE LOANS IS AS FOLLOWS: BALANCE AT DECEMBER 31, 2019 $ 27,203,206 NET CHANGE 2,213,864 ____________ BALANCE AT DECEMBER 31, 2020 $ 29,417,070 NCBCI EDUCATION CONDUIT LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 261807129 COMMUNITY LENDING AND DEVELOPMENT DE N/A DETROIT NEIGHBORHOOD FUND LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 471804394 COMMUNITY LENDING AND DEVELOPMENT DE 1323245 29991135 N/A FPIF LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 474684786 COMMUNITY LENDING AND DEVELOPMENT DE 1175537 12557831 N/A COMMUNITY SOLUTIONS GROUP LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 COMMUNITY LENDING AND DEVELOPMENT DE N/A IMPACT CDE 41 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 274172533 DE N/A RELATED 10 502 0 1 0.00010 IMPACT CDE 42 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 274172805 DE N/A RELATED 37 908 0 1 0.00010 IMPACT CDE 43 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 274172894 DE N/A RELATED -765 0 1 0.00010 IMPACT CDE 44 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 274173021 DE N/A RELATED 479 0 1 0.00010 IMPACT CDE 45 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 274173119 DE N/A RELATED -146 0 1 0.00010 IMPACT CDE 46 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 274173213 DE N/A RELATED 21 564 0 1 0.00010 IMPACT CDE 47 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 274173364 DE N/A RELATED 3 711 0 1 0.00010 IMPACT CDE 48 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 274173659 DE N/A RELATED 2 591 0 1 0.00010 IMPACT CDE 49 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 274173758 DE N/A RELATED 12 497 0 1 0.00010 IMPACT CDE 50 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 274173841 DE N/A RELATED 590 0 1 0.00010 IMPACT CDE 51 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 471291695 DE N/A RELATED 495 0 1 0.00010 IMPACT CDE 52 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 471300758 DE N/A RELATED 14 542 0 1 0.00010 IMPACT CDE 53 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 471312299 DE N/A RELATED 4 496 0 1 0.00010 IMPACT CDE 54 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 471319709 DE N/A RELATED 8 325 0 1 0.00010 IMPACT CDE 55 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 471333331 DE N/A RELATED 8 695 0 1 0.00010 IMPACT CDE 56 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 471345046 DE N/A RELATED 1 597 0 1 0.00010 IMPACT CDE 57 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 471356537 DE N/A RELATED 3 746 0 1 0.00010 IMPACT CDE 58 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 471367379 DE N/A RELATED 594 0 1 0.00010 IMPACT CDE 59 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 471377414 DE N/A RELATED 12 794 0 1 0.00010 IMPACT CDE 60 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 471390655 DE N/A RELATED 495 0 1 0.00010 IMPACT CDE 61 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 820713728 DE N/A RELATED 29 898 0 1 0.00010 IMPACT CDE 62 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 820722209 DE N/A RELATED 743 0 1 0.00010 IMPACT CDE 63 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 820738595 DE N/A RELATED 1 993 0 1 0.00010 IMPACT CDE 64 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 820754647 DE N/A RELATED 5 796 0 1 0.00010 IMPACT CDE 66 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 820795043 DE N/A RELATED 16 401 0 1 0.00010 IMPACT CDE 67 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 820817491 DE N/A RELATED 2 598 0 1 0.00010 IMPACT CDE 68 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 820828565 DE N/A RELATED 1 896 0 1 0.00010 IMPACT CDE 69 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 820847446 DE N/A RELATED 7 947 0 1 0.00010 IMPACT CDE 71 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 820985879 DE N/A RELATED 2 1048 0 1 0.00010 IMPACT CDE 72 LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 821007028 DE N/A RELATED 4 901 0 1 0.00010 COMMUNITY INVESTMENT IMPACT FUND LLC 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 823241777 DE N/A RELATED 488975 8929296 0 1 0.30000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 COMMUNITY INVESTMENT IMPACT FUND LLC Q 335875 ACTUAL COST