2025-10-14T07:50:01-05:00 2024-12-31 540504608 BROWN EDWARDS & COMPANY LLP 3906 ELECTRIC ROAD ROANOKE VA 24018 990 2024-01-01 462815132 APPALACHIAN COMMUNITY CAPITAL CORPORATION APPA 2027793083 110 PEPPERS FERRY ROAD NW CHRISTIANSBURG VA 24073 DONNA GAMBRELL PRESIDENT & CEO 5402603503 2025-09-29 1 1 PATRICK PITTMAN P00587461 5403450936 2025-09-24 2024 2025-03-06 01:10:19Z DONNA GAMBRELL 110 PEPPERS FERRY ROAD NW CHRISTIANSBURG VA 24073 6174804 0 X WWW.APPALACHIANCOMMUNITYCAPITALCDFI.ORG X 2013 VA AID COMMUNITY AND ECONOMIC DEVELOPMENT IN APPALACHIA. 8 7 4 7 0 0 3621059 5050135 0 0 690136 1098450 33458 26219 4344653 6174804 0 0 0 0 424847 637021 0 0 0 3839035 5363478 4263882 6000499 80771 174305 29141159 543339761 24164965 538189262 4976194 5150499 X APPALACHIAN COMMUNITY CAPITAL'S (ACC) MISSION IS TO INCREASE SMALL BUSINESS LENDING BY PROVIDING APPALACHIAN MEMBER INSTITUTIONS THAT SERVE UNDERSERVED PEOPLE AND COMMUNITIES WITH NEW SOURCES OF CAPITAL. OUR WORK ENABLES RELIABLE AND SUFFICIENT CAPITAL FOR ALL OF ITS MEMBERS, LEADING TO A GROWING ECONOMY, INCREASED ENTREPRENEURSHIP, HIGHER QUALITY JOBS, AND INCREASED LOCAL WEALTH IN THE APPALACHIAN REGION. 0 0 4848027 26219 APPALACHIAN COMMUNITY CAPITAL (ACC) ENJOYED ANOTHER IMPACTFUL YEAR IN 2024, LEADING INNOVATIVE INITIATIVES AND BRINGING SIGNIFICANT NEW CAPITAL TO THE REGION. THE DESCRIPTION BELOW HIGHLIGHTS MAJOR ACHIEVEMENTS THAT OCCURRED IN 2024. ACC CAPITAL RAISING ACTIVITY FOR CDFIS AND SMALL BUSINESSESAS A WHOLESALE COMMUNITY DEVELOPMENT LENDER, ACC AGGREGATES CAPITAL AND PASSES THE CAPITAL TO ITS MEMBERS (NUMBERING 41 AT THE END OF 2024).. ACC RAISED $9M IN DEBT CAPITAL AND FUNDED $8.75M IN NEW LOANS DURING 2024, AN AVERAGE DEPLOYMENT AMOUNT. CDFI BORROWERS FINANCED 20 SMALL BUSINESSES, WHICH USED THE LOANS FOR WORKING CAPITAL, TO BUY EQUIPMENT, AND TO EXPAND THEIR BUSINESS, TO NAME A FEW USES. AS WITH CAPITAL IT RECEIVES FROM OTHER SOURCES, CDFI MEMBERS LEVERAGE ACC CAPITAL TO ATTRACT ADDITIONAL INVESTMENTS FOR UNDERSERVED COMMUNITIES IN ITS FOOTPRINT. SINCE IT BEGAN LENDING IN 2015, ACC HAS RAISED AND DEPLOYED OVER $50 MILLION TO MEMBERS. IN ADDITION , IT HAS OBTAINED $80M IN GRANTS ($3.3M ACQUIRED IN 2024).DEVELOPMENT SERVICES IN 2024, BASED ON SURVEY RESULTS FROM MEMBERS, ACC OFFERED BUSINESS LENDING TRAINING, INTRODUCTORY CDFI COURSES, ALTERNATIVE ENERGY FINANCING TRAINING, AND SMALL BUSINESS LENDING DATA ANALYSES FOR MEMBERS WHO ARE PURSUING PRACTICES THAT WILL HAVE GREATER IMPACT FOR THEIR SMALL BUSINESS CUSTOMERS AND BUILD THE ORGANIZATIONS' CAPACITY. CLOSE TO 100 STAFF FROM REGIONAL CDFIS ATTENDED THESE SESSIONS.CLEAN COMMUNITIES INVESTMENT ACCELERATOR ON APRIL 4, UNDER THE PREVIOUS ADMINISTRATION, THE U.S. ENVIRONMENTAL PROTECTION AGENCY (EPA) ANNOUNCED THAT ACC WAS ONE OF EIGHT RECIPIENTS OF ITS GREENHOUSE GAS REDUCTION FUND GRANTS. ACC WAS SELECTED FOR A $500 MILLION AWARD FOR ITS WHOLLY-OWNED SUBSIDIARY, THE GREEN BANK FOR RURAL AMERICA, UNDER THE CLEAN COMMUNITIES INVESTMENT ACCELERATOR PROGRAM.ACC INTENDED TO USE THE AWARD TO 1) CATALYZE RENEWABLE ENERGY INVESTMENTS IN HARD-HIT COMMUNITIES IN APPALACHIA AND IN RURAL COMMUNITIES ON OTHER PARTS OF THE COUNTRY, 2) LEVERAGE PRIVATE CAPITAL TO FINANCE AN ANTICIPATED $2.25 BILLION IN 2,750 RENEWABLE ENERGY PROJECTS, 3) CREATE 18,000 QUALITY JOBS, 4) REDUCE ENERGY GENERATION FROM CARBON-BASED SOURCES BY 1.4M MWH ANNUALLY, AND 5) REDUCE CARBON EMISSIONS BY 12M TONS ANNUALLY.IN MARCH 2025, THE NEW EPA ADMINISTRATOR ANNOUNCED THE AGENCY'S INTENT TO CANCEL THE $20B IN CONTRACTS AWARDED TO THE EIGHT ORGANIZATIONS. ALL GRANTS WERE FROZEN, AND THE COURTS ARE NOW REVIEWING EPA'S EFFORTS. OPPORTUNITY APPALACHIA OPPORTUNITY APPALACHIA (OA) PROVIDES ACCESS TO TECHNICAL ASSISTANCE AND SUPPORTS CAPITAL RAISE ACTIVITIES FOR PROJECTS IN CENTRAL APPALACHIA. THE TARGET GEOGRAPHY INCLUDES APPALACHIAN COMMUNITIES IN KY, NC, OH, TN, VA, AND WV. IN 2024, 27 PROJECTS WERE AWARDED $1.9 MILLION IN TECHNICAL ASSISTANCE FUNDING FOR PRE-DEVELOPMENT ON A DIVERSE ARRAY OF DEVELOPMENTS.ALSO IN NOVEMBER 2024, OPPORTUNITY APPALACHIA HOSTED A LOCAL DEVELOPERS FORUM WITH OVER 60 ATTENDEES - MAINLY CURRENT AND FORMER OA PROJECT SPONSORS - WHO ENGAGED IN DISCUSSIONS ABOUT HOW SUCCESSFUL PROJECTS ARE CREATED, ORGANIZED, FINANCED, AND DELIVERED. THE EVENT WAS ORGANIZED AND CURATED IN COLLABORATION WITH BUILDING SMALL, WHICH HOSTS FORUMS AROUND THE COUNTRY FOCUSED ON SMALL-SCALE DEVELOPMENT.HURRICANE HELENE AND DISASTER RELIEFTO SUPPORT VERY SMALL BUSINESSES IN WESTERN NORTH CAROLINA THAT SUSTAINED PHYSICAL DAMAGE FROM HURRICANE HELENE IN SEPTEMBER 2024, ACC AND THE DOGWOOD HEALTH TRUST LAUNCHED THE WESTERN NORTH CAROLINA SMALL BUSINESS INITIATIVE TO PROVIDE RELIEF GRANTS OF UP TO $25,000. ACC WORKED WITH ACC MEMBER COMMUNITY REINVESTMENT FUND AND NC CDFI PARTNERS AND BY THE END OF THE YEAR HAD DISBURSED OVER $5,935,000 MILLION TO 281 TO SMALL BUSINESSES. ADDITIONAL FUNDING SUPPORT FROM THE STATE OF NORTH CAROLINA, THE DUKE ENDOWMENT, THE FORD FOUNDATION, AND THE SILICON VALLEY COMMUNITY FOUNDATION FOLLOWED.CUMULATIVELY, FUNDING TOTALED OVER $55M, WITH ACC POISED TO DISBURSE ALL THE FUNDS IN THE FIRST QUARTER OF 2025.DATA ANALYTICS HUB ACC CONTINUES TO LEAD THE APPALACHIAN COMMUNITY CAPITAL DATA HUB, A CUSTOMIZED PLATFORM DESIGNED TO SUPPORT CDFIS THROUGH REAL-TIME MAPPING, MARKET INSIGHTS, AND LEAD GENERATION TOOLS. SINCE LAUNCHING IN AUGUST 2022, ACC HAS ADVANCED THE DEVELOPMENT OF A CENTRALIZED DATA INFRASTRUCTURE DESIGNED TO STRENGTHEN CLIMATE-ALIGNED INVESTMENT AND FINANCIAL INCLUSION ACROSS THE APPALACHIAN REGION. IN 2024, THE DATA HUB TEAM WORKED CLOSELY WITH THE GREEN BANK FOR RURAL AMERICA TO LEAD DEVELOPMENT OF A NATIONAL MAPPING TOOL, EXPANDING THE HUB'S FUNCTIONALITY TO REACH SMALL BUSINESSES ACROSS ALL 50 STATES IN COLLABORATION WITH FUNDING PARTNERS MASTERCARD CENTER FOR INCLUSIVE GROWTH, JP MORGAN CHASE, IN IDENTIFYING AND DEPLOYING CAPITAL IN HIGH-IMPACT, UNDERSERVED COMMUNITIES, WHILE REINFORCING CLIMATE RESILIENCE AND DATA TRANSPARENCY. 4848027 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 22 0 1 4 1 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X DONNA GAMBRELL 5402603503 110 PEPPERS FERRY ROAD NW CHRISTIANSBURG VA 24073 DONNA GAMBRELL PRESIDENT & CEO 40.00 X X 382965 0 0 CLINTON B GWIN CHAIR 3.00 1.50 X X 0 0 0 MARTEN JENKINS TREASURER 3.00 1.50 X X 0 0 0 NEILL S WRIGHT SECRETARY 3.00 1.50 X X 0 0 0 RAYMOND CHRISTMAN DIRECTOR 3.00 1.50 X 0 0 0 CLYDE CORNETT DIRECTOR 3.00 1.50 X 0 0 0 GRACE FRICKS DIRECTOR 3.00 1.50 X 0 0 0 MATT RAKER DIRECTOR 3.00 1.50 X 0 0 0 JULIA J PARKER CHIEF LENDING OFFICER 40.00 X 167200 0 10737 550165 0 10737 2 0 1 0 SHINING ROCK VENTURES PO BOX 1597 ASHEVILLE NC 28802 PROGRAM CONSULTING 694803 SAIS 555 PENNSYLVANIA AVENUE WASHINGTON DC 20001 PROGRAM CONSULTING 314227 MARCUM LLP 730 3RD AVENUE NEW YORK NY 10017 PROGRAM CONSULTING 110977 3 2921709 2128426 5050135 1098450 1098450 OTHER INCOME 522291 26219 26219 26219 6174804 26219 0 1098450 X 550166 467641 82525 59469 54406 5063 13674 11623 2051 13712 11655 2057 46572 41478 5094 41811 27875 13936 3065005 2127786 937219 264 264 5012 4260 752 11346 9644 1702 66597 56955 9642 707246 707246 1195 1016 179 4321 3673 648 PASSTHROUGH GRANT EXPEN 1097000 1097000 DUES & SUBSCRIPTIONS 87103 74373 12730 PROVISION FOR LOAN LOSS 81000 81000 DATA PROCESSING 65051 55293 9758 83955 14839 69116 6000499 4848027 1152472 0 3203628 506356282 801649 1092713 1483098 25032306 32151415 39848 21920 8534 3818 2296 4716 61432 2229617 29141159 543339761 99559 2054852 1398327 503265045 22603112 31718352 63967 1151013 24164965 538189262 X 1989194 2163499 2987000 2987000 4976194 5150499 29141159 543339761 174305 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8534 3818 4716 4716 PAYROLL TAX LIABILITIES 30196 ACCRUED INTEREST PAYABLE 67817 OTHER LIABILITIES-RF CATALYTIC 1053000 1151013 PART X, LINE 2: THE COMPANY IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS AND HAS NOT ACCRUED ANY EXPENSE FOR THE EFFECT OF AN UNCERTAIN TAX POSITION AS OF DECEMBER 31, 2024. TAX YEARS BEGINNING IN 2019 ARE OPEN TO EXAMINATION BY TAXING AUTHORITIES. X 0 0 0 0 0 0 0 0 0 DONNA GAMBRELL PRESIDENT & CEO 382965 0 0 0 0 0 0 0 0 0 382965 0 0 0 JULIA J PARKER CHIEF LENDING OFFICER 167200 0 0 0 0 0 0 0 10737 0 177937 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE COMPLETED 990 WILL BE PROVIDED TO THE BOARD PRIOR TO THE FILING DEADLINE. THE RETURN WILL BE REVIEWED AND SIGNED BY THE PRESIDENT & CEO, WHO IS ENTRUSTED BY THE BOARD FOR HER REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THERE IS A FORMAL QUESTIONNAIRE ANNUALLY TO DISCLOSE ANY CONFLICTS OF INTEREST. THE PROCESS HAS BEEN DESIGNED TO ACCOMMODATE ALL PRESENT CONFLICT OF INTEREST ISSUES. ANY PERSON WITH A POTENTIAL CONFLICT OF INTEREST RECUSES THEMSELVES FROM ALL DISCUSSION AND OR VOTE ON THE MATTER IN QUESTION. ADDITIONALLY, LENDING DECISIONS ARE MADE BY INDEPENDENT MEMBERS. FORM 990, PART VI, SECTION B, LINE 15A IN ORDER TO ENSURE REASONABLENESS, COMPENSATION IS BASED ON THE SALARY RANGES FOR ALL COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS ("CDFI") REPRESENTED, ADJUSTED FOR SIZE AND SCOPE. SALARIES ARE ULTIMATELY DETERMINED BY THE INDEPENDENT BOARD AND ALL DISCUSSIONS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 2,127,786. MANAGEMENT AND GENERAL EXPENSES 937,219. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,065,005. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE TO THE PROCESS. GREEN BANK FOR APPALACHIA COAL AND ENERGY COMMUNITIES AND UNDERSERVED 110 PEPPERS FERRY ROAD NW CHRISTIANSBURG VA 24073 PROVIDE FUNDING FOR LOW- AND ZERO-EMISSION PRODUCTS VA 346983 1239914 APPALACHIAN COMMUNITY CAPITAL CORPORATION APPALACHIAN COMMUNITY CAPITAL DEVELOPMENT CORPORATION 110 PEPPERS FERRY ROAD NW CHRISTIANSBURG VA 24073 462827486 AID COMMUNITY/ECONOMIC DEVELOPMENT IN APPALACHIA VA 501(C)(3) LINE 12A, I APPALACHIAN COMMUNITY CAPITAL CORPORATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0