2018-11-15T17:45:39-06:00 2017-12-31 450250958 EIDE BAILLY LLP 5 TRIAD CENTER STE 600 SALT LAKE CITY UT 841801106 990 2017-01-01 870620659 ROCKY MOUNTAIN COMMUNITY REINVESTMENT CORPORATION FKA UTAH COMMUNITY REINVESTM ROCK 8013660400 64 E WINCHESTER NO 230 SALT LAKE CITY UT 84107 DAVID WATKINS V.P. & CHIEF FINANCIAL OFFICER 8013660400 2018-11-15 1 CHRISTOPHER WINSLEY CPA P01698710 8015322200 8.39.233.211 2018-11-15 16:41:42 MS P B67B40BB2030C5267D454013AF246309A2744854 C11EEAB2572731292005EB28BF8E62D4FCF97390 2017 2018-06-14 16:35:46Z DAVID WATKINS 64 E WINCHESTER NO 230 SALT LAKE CITY UT 84107 6807608 0 X RMCRC.ORG X 1999 UT THROUGH SUSTAINABLE DIRECT LENDING AND RELATED EFFORTS, THE ROCKY MOUNTAIN COMMUNITY REINVESTMENT CORPORATION WILL FACILITATE THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING AND COMMUNITY FACILITIES THAT SERVE LOW TO MODERATE INCOME FAMILIES AND UNDERSERVED COMMUNITIES THROUGHOUT THE ROCKY MOUNTAIN REGION. 15 15 14 16 0 0 122358 0 6676539 6806673 4360 935 0 0 6803257 6807608 0 0 0 0 994442 815107 0 0 0 5193174 5419733 6187616 6234840 615641 572768 119787645 143197811 110845512 133682910 8942133 9514901 X THROUGH SUSTAINABLE DIRECT LENDING AND RELATED EFFORTS, THE ROCKY MOUNTAIN COMMUNITY REINVESTMENT CORPORATION WILL FACILITATE THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING AND COMMUNITY FACILITIES THAT SERVE LOW TO MODERATE INCOME FAMILIES AND UNDERSERVED COMMUNITIES THROUGHOUT THE ROCKY MOUNTAIN REGION. 0 0 6108643 6806673 ASSISTED UTAH'S LOW AND MODERATE INCOME RESIDENTS BY FOSTERING THE DEVELOPMENT AND PRESERVATION OF QUALITY HOUSING. 6108643 1 0 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 17 0 1 14 1 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 UT X DAVID WATKINS 8013660400 64 E WINCHESTER NO 230 SALT LAKE CITY UT 84107 JAN BERGESON CHAIR 1.00 X X 0 0 0 TYLER WEIGHT VICE CHAIR 1.00 X X 0 0 0 ALAN URIE PAST CHAIR 1.00 X X 0 0 0 SCOTT SIMMONS BOARD MEMBER 1.00 X 0 0 0 BRIAN GURNEY BOARD MEMBER 1.00 X 0 0 0 JONATHAN HANKS BOARD MEMBER 1.00 X 0 0 0 NICHOLAS BERGER BOARD MEMBER 1.00 X 0 0 0 KIRT PETERSON BOARD MEMBER 1.00 X 0 0 0 MICHAEL GALLEGOS BOARD MEMBER 1.00 X 0 0 0 MICHAEL PALMER BOARD MEMBER 1.00 X 0 0 0 ROB PEDERSEN BOARD MEMBER 1.00 X 0 0 0 STEPHANIE WHITE BOARD MEMBER 1.00 X 0 0 0 WILLIAM WHETSTONE BOARD MEMBER 1.00 X 0 0 0 DUSTIN PHILLIPS BOARD MEMBER 1.00 X 0 0 0 SHARLENE WILDE BOARD MEMBER 1.00 X 0 0 0 LINDSAY ALFREY SECRETARY 40.00 X 62182 0 18288 DAVID WATKINS TREASURER 40.00 X 97802 0 26945 STEVEN NIELSEN PRESIDENT & CEO 40.00 X 166049 0 36833 JOHN MONTGOMERY CHIEF LOAN OFFICER 40.00 X 78924 0 31051 404957 0 113117 1 0 1 0 0 INTEREST INCOME FROM L 900099 6188200 6188200 LOAN ADMINISTRATION 900099 566207 566207 NET SERVICING REVENUE 900099 28611 28611 OTHER LOAN REVENUE 900099 23655 23655 6806673 935 935 6807608 6806673 0 935 512575 512575 145228 145228 39793 39793 39339 39339 78172 78172 36446 36446 30375 30375 71803 71803 74635 74635 16443 16443 17686 17686 82833 82833 41190 41190 1592 1592 4862586 4862586 26413 26413 31788 31788 LOAN ADMINISTRATION COS 102070 102070 SERVICING/AGENT FEES 9633 9633 OTHER 5460 5460 TRAINING 4820 4820 3960 3960 6234840 6108643 126197 0 1801527 1646941 13094 8003 117806376 141437347 5819 6473 135361 86774 73618 48587 87211 50460 119787645 143197811 1027313 1016062 107838842 120510753 1979357 12156095 110845512 133682910 X 7793856 8366624 1148277 1148277 8942133 9514901 119787645 143197811 572768 0 X X 0 1 X 1 0 X 122358 122358 5093493 7150854 7152348 6676539 6806673 32879907 5093493 7150854 7152348 6798897 6806673 33002265 0 0 0 33002265 6339 11986 10497 4360 935 34117 6339 11986 10497 4360 935 34117 5099832 7162840 7162845 6803257 6807608 33036382 0.99900 0.00100 X 135361 86774 48587 48587 LINE OF CREDIT 12156095 12156095 X 6807608 0 6807608 0 6807608 6234840 0 6234840 0 6234840 PART X, LINE 2: RMCRC IS ORGANIZED AS A UTAH NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTIONS 170(B)(1)(A)(VI) AND (VIII). RMCRC IS REQUIRED TO FILE AN ANNUAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, RMCRC IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. RMCRC HAS DETERMINED THAT IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX. RMCRC HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. RMCRC WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. X X X X 0 0 0 0 0 0 0 0 0 STEVEN NIELSEN PRESIDENT & CEO 133804 0 32245 0 0 0 14202 0 22631 0 202882 0 0 0 MEMBER BANKS LOC X 249800000 120510753 0 1 1 120510753 MEMBER BANKS MEMBER BANKS 16749810 OPERATING, MONEY MARKET & RESERVE BANK ACCOUNT 0 FORM 990, PART VI, SECTION A, LINE 6 RMCRC IS A MEMBERSHIP CORPORATION. MEMBERSHIP IS LIMITED TO FEDERALLY INSURED DEPOSITORY INSTITUTIONS CHARTERED UNDER FEDERAL OR STATE LAW WITH BUSINESS OFFICES AUTHORIZED TO ACCEPT DEPOSITS IN THE STATES OF IDAHO, MONTANA, WYOMING, UTAH, COLORADO, NEVADA, ARIZONA AND NEW MEXICO. ALL MEMBERS SHALL BE REQUIRED TO PARTICIPATE FINANCIALLY IN ALL LOANS MADE BY THE CORPORATION ON TERMS TO BE SPECIFIED BY THE BOARD OF DIRECTORS. IN ADDITION, ALL MEMBERS MUST MAKE SUCH ANNUAL CONTRIBUTIONS AS THE BOARD OF DIRECTORS MAY REQUIRE. THE APPLICATION OF PROSPECTIVE MEMBERS SHALL BE CONFIRMED BY MAJORITY VOTE OF THE BOARD OF DIRECTORS. THERE IS ONLY ONE CLASS OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A AT EACH ANNUAL MEETING MEMBERS SHALL ELECT DIRECTORS BY CLASS VOTE, I.E., SEPARATE BALLOTS SHALL BE CAST FOR AT-LARGE DIRECTORS, NON-INDUSTRY DIRECTORS AND COMMUNITY BANK DIRECTORS. CANDIDATES WHO RECEIVE THE HIGHEST NUMBER OF VOTES IN THEIR RESPECTIVE ELECTIONS SHALL BE ELECTED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B RMCRC MEMBER APPROVAL IS REQUIRED FOR ANY AMENDMENTS TO ITS ARTICLES OF ORGANIZATION TO THE EXTENT SUCH APPROVAL IS REQUIRED BY UTAH CODE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY CPA FIRM WITH PRELIMINARY INPUT FROM RMCRC ACCOUNTANT. THE CFO REVIEWS THE INITIAL DRAFT FOR ACCURACY. THE CFO THEN REVIEWS THE DRAFT INCORPORATING THE CEO'S COMMENTS. ONCE THE FORM 990 HAS BEEN FINALIZED, THE CEO REVIEWS AND APPROVES THE FINAL FORM 990 RETURN. A COPY OF THE FORM 990 THAT WAS FILED WITH THE DEPARTMENT OF THE TREASURY IS DISTRIBUTED TO THE DIRECTORS FOR INFORMATIONAL PURPOSES. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS STATE THEIR CONFLICT PRIOR TO VOTE. IF SIGNIFICANT TO THE BOARD MEMBER'S ORGANIZATION, THE BOARD MEMBER WAIVES THEIR RIGHT TO PARTICIPATE IN THE VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE PRESIDENT/CEO IS DETERMINED BY THE BOARD OF DIRECTORS UPON RECOMMENDATION OF THE COMPENSATION COMMITTEE. THE COMPENSATION FOR ALL OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED UNDER THE DIRECTION OF THE PRESIDENT/CEO WITHIN THE BUDGET APPROVED BY THE BOARD OF DIRECTORS. THE COMPANY RELIES UPON SALARY SURVEYS, OCCASIONAL CONSULTANT SERVICES, AND INTERVIEWS WITH MEMBERS AND RECRUITERS TO ESTABLISH MARKET RELATIVITY. BOARD OFFICERS ARE NOT COMPENSATED FOR SERVICE. FORM 990, PART VI, SECTION C, LINE 19 WHEN RMCRC RECEIVES A REQUEST FOR PUBLIC INSPECTION, COPIES OF ALL REQUESTED ORGANIZATIONAL, CORPORATE, FINANCIAL, AND POLICY DOCUMENTS WILL BE MADE AVAILABLE FOR PUBLIC INSPECTION GENERALLY WITHIN 48 HOURS OF A WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR.