2020-11-10T08:06:16-06:00 2020-06-30 061009205 BLUM SHAPIRO & COMPANY PC CPA'S 29 S MAIN STREET PO BOX 272000 WEST HARTFORD CT 061272000 990 2019-07-01 830808658 INCLUSIVE PROSPERITY CAPITAL INC INCL 2034335060 845 BROOK STREET ROCKY HILL CT 06067 KERRY O'NEIL CEO 8602572884 2020-11-09 1 RONALD W NOSSEK CPA P00009715 8605614000 2020-11-09 64.251.63.131 2020-11-09 10:40:17 ES P B49528270D5C596423F272EFB472E66EFBF6AFC8 C2A8F68C24BA4106533A6CD8C72FD917E7C6626D 2019 2021-01-29 14:40:06Z KERRY O'NEIL 845 BROOK STREET ROCKY HILL CT 06067 2131445 0 X WWW.INCLUSIVEPROSPERITYCAPITAL.ORG X 2018 CT IPC'S PURPOSE IS TO LESSEN THE BURDENS OF GOVERNMENT AND TO PROTECT, PROMOTE AND PRESERVE THE NATURAL ENVIRONMENT BY: 1)DEVELOPING AND SUPPORTING PROGRAMS TO FINANCE AND STIMULATE DEMAND FOR CLEAN ENERGY INVESTMENT IN RESIDENTIAL, MUNICIPAL, SMALL BUSINESS AND LARGER COMMERCIAL PROJECTS; 2) PROMOTING THE USE, AVAILABILITY, EFFICACY, AFFORDABILITY AND QUALITY OF CLEAN ENERGY, ENERGY EFFICIENCY, SUSTAINABLE, HEALTHY AND RESILIENT BUILDING SYSTEMS/STRUCTURES AND INFRASTRUCTURE AND THE SOCIAL AND ECONOMIC BENEFITS DERIVED THEREFROM; 3) EDUCATING THE PUBLIC AND ENVIRONMENTAL, SOCIAL, HEALTH AND RESILIENT BUILDING SYSTEMS/STRUCTURES AND INFRASTRUCTURE; AND 4) PROMOTING THE REDUCTION OF GREENHOUSE GAS EMISSIONS, PROMOTING AND/OR MITIGATING THE ADVERSE EFFECTS OF CLIMATE CHANGE, AND ACHIEVING OTHER POSITIVE ENVIRONMENTAL IMPACTS, INCLUDING THOSE LEADING TO BETTER HEALTH OUTCOMES. 5 4 12 4 0 0 7375000 285000 1278468 1838219 2616 8226 16370 0 8672454 2131445 0 0 0 0 894863 1562118 0 0 163374 604781 672125 1499644 2234243 7172810 -102798 7333848 8515398 161038 1390063 7172810 7125335 X IPC'S PURPOSE IS TO LESSEN THE BURDENS OF GOVERNMENT AND TO PROTECT, PROMOTE AND PRESERVE THE NATURAL ENVIRONMENT BY: 1)DEVELOPING AND SUPPORTING PROGRAMS TO FINANCE AND STIMULATE DEMAND FOR CLEAN ENERGY INVESTMENT IN RESIDENTIAL, MUNICIPAL, SMALL BUSINESS AND LARGER COMMERCIAL PROJECTS; 2) PROMOTING THE USE, AVAILABILITY, EFFICACY, AFFORDABILITY AND QUALITY OF CLEAN ENERGY, ENERGY EFFICIENCY, SUSTAINABLE, HEALTHY AND RESILIENT BUILDING SYSTEMS/STRUCTURES AND INFRASTRUCTURE AND THE SOCIAL AND ECONOMIC BENEFITS DERIVED THEREFROM; 3) EDUCATING THE PUBLIC AND ENVIRONMENTAL, SOCIAL, HEALTH AND RESILIENT BUILDING SYSTEMS/STRUCTURES AND INFRASTRUCTURE; AND 4) PROMOTING THE REDUCTION OF GREENHOUSE GAS EMISSIONS, PROMOTING AND/OR MITIGATING THE ADVERSE EFFECTS OF CLIMATE CHANGE, AND ACHIEVING OTHER POSITIVE ENVIRONMENTAL IMPACTS, INCLUDING THOSE LEADING TO BETTER HEALTH OUTCOMES. 0 0 190785 482836 LOW TO MODERATE INCOME SINGLE FAMILY LOAN PROGRAM - UNDER THE PROGRAM, IPC STAFF SERVICE LOANS MADE BY THIRD PARTY LENDERS AND ORIGINATES, FUNDS AND SERVICES ITS OWN PORTFOLIO OF LOANS MADE TO ORGANIZATIONS THAT DEVELOP ENERGY PROJECTS DESIGNED TO REDUCE THE ENERGY BURDEN OF LOW AND MODERATE INCOME ("LMI") COMMUNITIES. 290547 309440 THE SMART-E LOAN PROGRAM PROVIDES A LOW COST, LONG TERM LOAN OPTION SINGLE FAMILY HOMEOWNERS FOR ENERGY UPGRADES THROUGH A NETWORK OF LOCAL LENDERS THAT ARE GIVEN ACCESS TO A CREDIT ENHANCEMENT (IF REQUIRED) IN EXCHANGE FOR OFFERING THE PRODUCT. THE PROGRAM USES ESTABLISHED PRE-APPROVED CONTRACTORS TO INSTALL THESE ENERGY UPGRADES TO REDUCE THE BUILDING OWNER'S ENERGY BURDEN. IPC MAY EITHER ADMINISTER THIS PROGRAM ON BEHALF OF A PROGRAM SPONSOR OR PROVIDE CERTAIN SERVICES TO A PROGRAM SERVICES, INCLUDING THE STANDARDIZED PROGRAMMATIC APPROACH, PROTOCOLS, MARKETING AND TECHNOLOGY. CREDIT ENHANCEMENTS TYPICALLY COMPRISE INTEREST RATE BUYDOWNS AND LOAN LOSS RESERVES MAINTAINED BY THE SPONSOR TO SUPPORT LENDER PROGRAM LOANS. IPC ADMINISTERS THIS PROGRAM FOR THE CONNECTICUT GREEN BANK, THE PROGRAM SPONSOR. THE PROGRAM IS USED TO FINANCE OVER FORTY QUALIFYING ENERGY IMPROVEMENTS AT OWNER-OCCUPIED, 1-4 UNIT RESIDENTIAL PROPERTIES IN CONNECTICUT UTILIZING 10 LOCAL LENDERS (COMMUNITY BANKS AND CREDIT UNIONS) AND A NETWORK OF OVER 350 ELIGIBLE CONTRACTORS. 432540 569916 MULTIFAMILY AND NONPROFIT LOAN PROGRAM - THIS PROGRAM PROVIDES FINANCING, CREDIT ENHANCEMENTS, AND TECHNICAL ASSISTANCE FOR LOANS AND GRANTS MADE TO OWNERS OF MULTIFAMILY BUILDINGS FOR ENERGY UPGRADES. 554424 476027 COMMERCIAL SOCIAL PPA & MIDWEST GREEN BANKCOMMERCIAL SOLAR PPA FUND PROGRAM - THIS PROGRAM OFFERS SOLAR FINANCING INCLUDING POWER PURCHASE AGREEMENTS (PPAS) TO UNDERSERVED COMMERCIAL, INDUSTRIAL, AND INSTITUTIONAL BUILDING OWNERS TO MAXIMIZE PROJECTED SAVINGS ASSOCIATED WITH SOLAR INSTALLATIONS.MIDWEST GREEN BANK EXPANSION PROGRAM - IPC STAFF PROVIDES OUTSOURCED PROGRAM ADMINISTRATION AND CONSULTING SERVICES FOR CLEAN ENERGY FINANCING PROGRAMS TO GOVERNMENTS, NONPROFITS, LENDERS AND OTHER STAKEHOLDERS. IPC ALSO PROVIDES ADVICE TO DEVELOPERS AND COMMERCIAL BUILDING OWNERS ON HOW TO OBTAIN AND STRUCTURE FINANCING FOR RENEWABLE ENERGY AND ENERGY EFFICIENCY PROJECTS. 554424 476027 1468296 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 5 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X GEORGE D BELLAS 2034335060 845 BROOK STREET ROCKY HILL CT 06067 KERRY E O'NEIL DIRECTOR, SECRETARY & CEO 40.00 X X 186939 0 59380 CHRISTOPHER P MAGALHAES CHIEF INVESTMENT OFFICER 40.00 X 166155 0 17523 JOHN D'AGOSTINO DIRECTOR, FINANCING PROGRAMS 40.00 X 116892 0 24620 BENJAMIN G HEALEY DIRECTOR & FORMER PRESIDENT 1.00 X X 27136 0 7192 GEORGE D BELLAS DIRECTOR, ACCOUNTING AND ADMIN 40.00 X 0 0 0 ELIZABETH CRUM DIRECTOR, CHAIRPERSON 1.00 X X 0 0 0 DOUGLASS SIMS DIRECTOR, TREASURER 1.00 X X 0 0 0 ROBERTO HUNTER DIRECTOR 1.00 X 0 0 0 497122 0 108715 3 0 1 0 WEB ASCENDER 2090 JOLLY ROAD STE 100 OKEMOS MI 48864 SOFTWARE DEVELOPMENT 192840 CRAFTSMAN TECHNOLOGY GROUP LLC 186 LINCOLN STREET SUITE 500 BOSTON MA 02111 SOFTWARE DEVELOPMENT 123056 2 10000 275000 285000 MULTIFAMILY AND NON PR 900099 569916 569916 LOW TO MEDERATE INCOME 900099 482836 482836 SMART-E LOAN PROGRAM 900099 309440 309440 476027 476027 1838219 8226 8226 2131445 1838219 0 8226 512699 332229 130739 49731 807983 523641 206035 78307 39805 25794 10150 3861 104701 67847 26699 10155 96930 62811 24717 9402 24500 24500 191000 191000 45671 45671 18738 6992 9548 2198 6977 5977 1000 953 953 34795 22547 8873 3375 31454 20382 8021 3051 22189 10719 9176 2294 22403 22403 71086 67213 3873 62849 62849 TECHNICAL SUPPORT COSTS 104429 104429 PROGRAM DEVELOPMENT AND 25111 25111 TRAINING AND EDUCATION 9970 7581 2389 2234243 1468296 602573 163374 228357 113718 2743372 4945313 250000 200000 103494 53445 45959 90722 348346 83451 335315 264895 3575719 2813535 51632 33770 7333848 8515398 134648 685642 26390 0 704421 161038 1390063 X 5017810 4883162 2155000 2242173 7172810 7125335 7333848 8515398 X -102798 55323 X 0 1 X 1 0 X 7375000 285000 7660000 7375000 285000 7660000 580024 7079976 2616 8226 10842 16371 16371 7687213 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11620 5037 6583 336726 78414 258312 264895 PARTICIPATION AGREEMENT - SECOND LIEN CREDIT 2813535 C 2813535 2362293 230848 230848 2131445 0 2131445 2409768 230848 230848 2178920 55323 55323 2234243 PART XII, LINE 4B - OTHER ADJUSTMENTS: LOAN LOSS RESERVE 55,323. X X 0 0 0 0 0 0 0 1 0 KERRY E O'NEIL DIRECTOR, SECRETARY & CEO 186939 0 0 0 0 0 11513 0 47867 0 246319 0 0 0 CHRISTOPHER P MAGALHAES CHIEF INVESTMENT OFFICER 146155 0 20000 0 0 0 10059 0 7464 0 183678 0 0 0 PART I, LINE 7 BONUSES ARE AWARDED BASED ON THE ACHIEVEMENT OF SPECIFIC PERFORMANCE GOALS. ROBERTO HUNTER MEMBER, BOARD OF DIRECTORS 1247206 THE ORGANIZATION PROVIDED CONSULTING SERVICES TO ADMINISTER PROGRAMS OF THE CONNECTICUT GREEN BANK (CGB). MR. HUNTER IS THE EXECUTIVE VICE PRESIDENT AND CHIEF INVESTMENT OFFICER OF CGB. 0 BENJAMIN HEALEY MEMBER, BOARD OF DIRECTORS 2337738 THE ORGANIZATION MADE TWO INVESTMENTS IN THE FORM OF PROMISSORY NOTES BOTH DIRECTLY AND INDIRECTLY IN POSIGEN AND ITS AFFILIATES. MR. HEALEY IS THE EXECUTIVE VICE PRESIDENT, CORPORATE DEVELOPMENT & FINANCE OF POSIGEN. THIS IS THE OUTSTANDING LOAN BALANCE AT THE END OF THE TAX YEAR. 0 FORM 990, PART VI, SECTION B, LINE 11B DRAFT 990 IS REVIEWED BY DIRECTOR OF ACCOUNTING AND ADMINISTRATION, FOCUSING ON NUMERICAL DATA. THE 990 IS ALSO REVIEWED BY THE CEO AND CHIEF INVESTMENT OFFICER. AFTER STAFF REVIEW, THE 990 IS REVIEWED BY THE BOD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTOR OF ACCOUNTING DISTRIBUTES CONFLICT OF INTEREST POLICY ANNUALLY REQUESTING WRITTEN ACKNOWLEDGEMENT. TRACKS RECEIPT OF ACKNOWLEDGEMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS OF DETERMINING THE COMPENSATION FOR THE ORGANIZATION'S CEO AND MANAGEMENT TEAM ALONG WITH THE ORGANIZATION'S OTHER EMPLOYEES IS DONE ANNUALLY IN CONJUNCTION WITH THE PREPARATION OF THE ORGANIZATION'S ANNUAL OPERATING BUDGET. THIS PROCESS INCLUDES SETTING MERIT INCREASES FOR EXISTING EMPLOYEES, PROMOTIONS FOR EXISTING EMPLOYEES AND PROPOSED COMPENSATION FOR NEW HIRES AS THE NEED ARISES. THE ORGANIZATION BASES ITS JOB TITLES, CAREER LADDERS AND COMPENSATION RANGES FOR JOB TITLES BASED ON A STUDY CONDUCTED BY AN INDEPENDENT CONSULTING FIRM. THE ORGANIZATION'S BOARD REVIEWS THE PROPOSED COMPENSATION FOR THE UPCOMING YEAR AND VOTES TO ADOPT THE PROPOSED COMPENSATION WHICH IS MEMORIALIZED IN THE MINUTES TO THE BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOAN RESERVE 55,323. IPC BACKSTOP LLC 845 BROOK STREET ROCKY HILL CT 06067 830808658 LENDER UNDER PRI LOAN WITH KRESGE FOR $3MM, $1MM OF WHICH HAS BEEN ADVANCED. CT 1000000 INCLUSIVE PROSPERITY CAPITAL INC INCLUSIVE FUND I LLC 845 BROOK STREET ROCKY HILL CT 06067 844215034 NYGB CREDIT FACILITY - SPE (BORROWER UNDER NYCG CREDIT FACILITY) DE INCLUSIVE CAPITAL COMPANY I LLC INCLUSIVE CONSULTING SERVICES LLC 845 BROOK STREET ROCKY HILL CT 06067 830808658 ENTITY WILL OWN NGEN LICENSING AND WILL BILL NGEN LICENSING FEES TO NGEN PAR CT INCLUSIVE PROSPERITY CAPITAL INC INCLUSIVE LENDING LLC 845 BROOK STREET ROCKY HILL CT 06067 851310058 ENTITY WILL MAKE COMMERCIAL LOANS IN STATE OF CA. 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