2023-05-12T07:13:10-05:00 2022-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2022-01-01 873827062 ANACOSTIA ENTREPRENEURSHIP CENTER INC ANAC 2025295505 2012 RHODE ISLAND AVENUE NE WASHINGTON DC 20018 BRENDON MILLER BOARD CHAIR 2025295505 2023-05-11 1 BRENDON MILLER 999009999 0 FRANK H SMITH P00639053 2022274000 2023-05-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRENDON MILLER 2012 RHODE ISLAND AVENUE NE WASHINGTON DC 20018 454676 0 X N/A X 2021 DC TO INTEGRALLY SUPPORT THE FUNCTIONS OF, AND CARRY OUT THE PURPOSES OF, WACIF. 3 3 0 3 0 0 0 48713 14867 405963 0 0 0 0 14867 454676 0 0 0 0 6783 204632 2298 0 0 4818 209270 13899 413902 968 40774 52561 115753 51593 74011 968 41742 TO INTEGRALLY SUPPORT THE FUNCTIONS OF, AND CARRY OUT THE PURPOSES OF, THE WASHINGTON AREA COMMUNITY INVESTMENT FUND, INC (WACIF). 0 0 413902 405963 SMALL BUSINESS SUPPORT - THE ANACOSTIA ENTREPRENEURSHIP CENTER, INC. (AEC) PROVIDED SUPPORT TO SMALL BUSINESSES, NONPROFITS, AND SOCIAL ENTERPRISES THROUGH OFFERING AFFORDABLE COMMERCIAL, RETAIL SPACE, AND COMMUNITY MEETING SPACE TO OVER 80 SMALL BUSINESSES WITHIN WASHINGTON, D.C.'S WARD 8 COMMUNITY THROUGH ITS RETAIL STORE FRONTS, THE "HIVE" CO-WORKING FACILITY, AND BLACK BOX THEATER. IN ADDITION, THE AEC WAS UTILIZED TO PROVIDE CONVENINGS IN SUPPORT AND IN CELEBRATION OF MINORITY-OWNED BUSINESSES, INCLUDING ARTISTS. 413902 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 MD VA X KEVIN FRYATT 2025295505 2012 RHODE ISLAND AVENUE NE WASHINGTON DC 20018 HAROLD PETTIGREW DIRECTOR, CEO OF WACIF 2.00 42.00 X X 0 187359 14055 KEVIN FRYATT DIRECTOR, CFOO OF WACIF 2.00 44.00 X X 0 153685 23668 MICHAEL JOHNS DIRECTOR PROJECT MANAGER, REAL ESTATE OF WACIF 2.00 X 0 91694 10027 0 432738 47750 0 0 1 0 0 48713 48713 RENTAL INCOME 900099 384311 384311 ADMIN. SERVICE FEES 900099 21652 21652 405963 454676 405963 0 0 X 175190 175190 350 350 16037 16037 13055 13055 429 429 5092 5092 60815 60815 7540 7540 31990 31990 1407 1407 76101 76101 1519 1519 1281 1281 14098 14098 MAINTENANCE 8612 8612 MISCELLANEOUS 386 386 413902 413902 0 0 0 13947 0 48713 17222 8612 35339 44481 52561 115753 18884 51271 32709 22740 51593 74011 X 968 41742 968 41742 52561 115753 40774 0 X 0 1 X 1 0 X X 1 WASHINGTON AREA COMMUNITY INVESTMENT FUND 541442466 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE FROM RELATED ENTITIES 44481 44481 SECURITY DEPOSIT 22740 22740 X PART X, LINE 2: THE CORPORATION PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2022, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. 0 0 0 0 0 0 0 0 0 HAROLD PETTIGREW DIRECTOR, CEO OF WACIF 0 143412 0 43947 0 0 0 7334 0 6721 0 201414 0 0 KEVIN FRYATT DIRECTOR, CFOO OF WACIF 0 121493 0 27201 0 4991 0 6446 0 17222 0 177353 0 0 PART I, LINE 3 AEC UTLIZES WACIF STAFF UNDER A SECONDMENT AGREEMENT. COMPENSATION IS DETERMINED THROUGH WACIF'S INTERNAL PROCESESS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE CURRENTLY NO ACTIVE BOARD COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE CORPORATION REVIEWS THE DRAFT FEDERAL FORM 990 AT THE MANAGEMENT LEVEL. ONCE REVIEWED AND DEEMED READY FOR APPROVAL, IT IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. UPON BOARD OF DIRECTORS APPROVAL, THE FEDERAL FORM 990 IS READY FOR FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12 THE CORPORATION'S CONFLICT OF INTEREST POLICY IS SIGNED BY ALL STAFF AND BOARD MEMBERS UPON COMMENCING THEIR PROFESSIONAL RELATIONSHIP TO THE CORPORATION. ON AN ANNUAL BASIS, ALL STAFF AND BOARD MEMBERS RE-SIGN THE CORPORATION'S CONFLICT OF INTEREST POLICY, DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST. ANY CONFLICTS OF INTEREST THAT EXIST ARE DISCUSSED AMONG THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE CORPORATION'S GOVERNING DOCUMENTS, INCLUDING ITS ORGANIZATIONAL BYLAWS, AUDITED FINANCIAL STATEMENTS, FEDERAL FORM 990, AND CONFLICT OF INTEREST POLICY, ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G COTRACTORS: PROGRAM SERVICE EXPENSES 49,785. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 49,785. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 11,030. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,030. WASHINGTON AREA COMMUNITY INVESTMENT FUND INC (WACIF) 2012 RHODE ISLAND AVENUE NE WASHINGTON DC 20018 541442466 INCLUSIVE ENTREPRENEURSHIP, COMM. WEALTH BUILDING, AND EQUITABLE ECON. DEV. DC 501(C)(3) LINE 7 N/A 0 1231-1235 GOOD HOPE ROAD INC 2012 RHODE ISLAND AVENUE NE WASHINGTON DC 20018 873806971 OPERATED EXCLUSIVELY ON BEHALF OF AND FOR THE BENEFIT OF WACIF DC 501(C)(3) LINE 12C, III-FI WASHINGTON AREA COMMUNITY INVESTMENT FUND INC 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0