2023-05-11T14:57:55-05:00 2022-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2022-01-01 873806971 1231-1235 GOOD HOPE ROAD INC 1231 2025295505 2012 RHODE ISLAND AVENUE NE WASHINGTON DC 20018 DAWNN LEARY BOARD CHAIR 2025295505 2023-05-11 1 DAWNN LEARY 999009999 0 FRANK H SMITH P00639053 2022274000 2023-05-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAWNN LEARY 2012 RHODE ISLAND AVENUE NE WASHINGTON DC 20018 188200 0 X N/A X 2021 DC TO INTEGRALLY SUPPORT THE FUNCTIONS OF, AND CARRY OUT THE PURPOSES OF, WACIF. 2 2 0 3 0 0 1002229 188200 0 0 0 0 0 0 1002229 188200 0 0 0 0 0 0 0 0 0 0 209071 0 209071 1002229 -20871 6316833 6483142 5258604 5397984 1058229 1085158 TO INTEGRALLY SUPPORT THE FUNCTIONS OF, AND CARRY OUT THE PURPOSES OF, THE WASHINGTON AREA COMMUNITY INVESTMENT FUND, INC (WACIF). 0 0 209071 1231-1235 GOOD HOPE ROAD, INC. (THE CORPORATION) ACQUIRED SAID PROPERTY FOR THE PURPOSE OF CREATING AN HUB FOR INCLUSIVE ENTREPRENEURSHIP, LEVERAGING MULTIPLE SOURCES OF CAPITAL, INCLUDING THE NEW MARKETS TAX CREDITS (NMTC) PROGRAM, TO DESIGN, CONSTRUCT, AND EQUIP, OPERATE AND MAINTAIN COMMERCIAL, OFFICE, AND RETAIL SPACE IN THE WARD 8 COMMUNITY OF WASHINGTON, D.C. BY SEEKING QUALIFICATION AS A "QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS" UNDER SECTION 45D OF THE CODE. THE CORPORATION INTENDS TO CARRY ON THE CONSTRUCTION, DEVELOPMENT, AND EQUIPPING OF THE PROJECT. 209071 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 2 2 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 MD VA X KEVIN FRYATT 2025295505 2012 RHODE ISLAND AVENUE NE WASHINGTON DC 20018 KEVIN FRYATT DIRECTOR CFOO OF WACIF 2.00 40.00 X X 0 153685 23668 DAWNN LEARY DIRECTOR 2.00 1.00 X 0 0 0 ANNE MORRISON DIRECTOR - UNTIL 12/2022 2.00 1.00 X 0 0 0 0 153685 23668 0 0 1 0 STUDIOS ARCHITECTURE DCPC 1625 M STREET NW WASHINGTON DC 20036 ARCHITECTURAL SERVICES 427830 ROSEWOOD STRATEGIES LLC 701 LAMONT STREET NW UNIT 56 WASHINGTON DC 20010 REAL ESTATE DEVELOPMENT AND FINANCING MG 135000 SANDY SPRING BANK 17801 GEORGIA AVENUE OLNEY DC 20832 REAL ESTATE FINANCING 134319 3 188200 188200 188200 0 0 0 21652 21652 429 429 310 310 93780 93780 92900 92900 209071 209071 0 0 1500000 617996 0 188200 1270 24754 5745092 92900 4815563 5652192 6316833 6483142 8604 7663 5250000 5250000 0 140321 5258604 5397984 X 1058229 1085158 1058229 1085158 6316833 6483142 -20871 47800 0 X 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 1 1 X 1 1 PART IV, SECTION D, LINE 3: THE WASHINGTON AREA COMMUNITY INVESTMENT FUND, INC. (WACIF) RETAINS A SIGNIFICANT AND CONTROLLING VOICE IN THE STRATEGIC AND INVESTMENT POLICIES OF THE CORPORATION. PART IV, SECTION E, LINE 2A: IN CONNECTION WITH ITS STATUS AS A TYPE III SUPPORTING ORGANIZATION THAT IS FUNCTIONALLY INTEGRATED WITH WACIF AND WHICH ADHERES TO WACIF'S "SIGNIFICANT VOICE" WITHIN CORPORATION'S GOVERNANCE STRUCTURE, THE CORPORATION INTENDS TO ENGAGE IN THE FOLLOWING ACTIVITIES: - INTEGRALLY SUPPORT THE FUNCTIONS OF, AND CARRY OUT THE PURPOSES OF, WACIF SO LONG AS WACIF CONTINUES TO BE ORGANIZED AND OPERATED FOR EXEMPT PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE; - ENGAGE IN ACTIVITIES AND PERFORM FUNCTIONS THAT WACIF WOULD OTHERWISE HAVE TO PERFORM; - OWN, LEASE AND MAINTAIN ONE OR MORE SITES AT WHICH WACIF IS LOCATED; - OTHERWISE BENEFIT, THROUGH THE PROVISION OF FINANCIAL SUPPORT AND SERVICES, WACIF; - ENGAGE IN ANY LAWFUL ACT OR ACTIVITY IN FURTHERANCE OF THE FOREGOING, PROVIDED SUCH ACT OR ACTIVITY IS ONE PERMITTED BY AN ORGANIZATION EXEMPT UNDER SECTION 501(C)(3) OF THE CODE AND THE REGULATIONS PROMULGATED THEREUNDER. PART IV, SECTION E, LINE 2B: IN FURTHERANCE OF THE CORPORATION'S CHARITABLE PURPOSES AND ITS CAPACITY TO SUPPORT WACIF, THE CORPORATION WILL PLAY A CRITICAL ROLE IN WACIF'S PLAN TO CONSTRUCT, DEVELOP, OPERATE, AND MAINTAIN THE PROJECT. THE CORPORATION WILL FULFILL SUCH ROLE IN TWO PRIMARY WAYS: (I) BY ACTING AS THE "QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS" FOR THE NMTC PROGRAM, AS DESCRIBED ABOVE, OR SIMILAR ROLE ASSOCIATED WITH OTHER FINANCING MECHANISMS, AND (II) BY FACILITATING THE CONSTRUCTION, DEVELOPMENT AND EQUIPPING OF THE PROJECT, AND THE OPERATION OF THE PROJECT BY LEASING THE PROJECT TO TENANTS FOR USE IN FURTHERANCE OF THE CORPORATION AND WACIF'S EXEMPT PURPOSE. WITHOUT THE CORPORATION, WACIF WOULD NOT BE ABLE TO UTILIZE THE NMTC PROGRAM TO GENERATE THE FUNDS NECESSARY TO CONSTRUCT AND DEVELOP THE PROJECT. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5729220 92257 5636963 15872 643 15229 5652192 DUE TO RELATED ENTITIES 140321 140321 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 KEVIN FRYATT DIRECTOR CFOO OF WACIF 0 121493 0 27201 0 4991 0 6446 0 17222 0 177353 0 0 PART I, LINE 3 THE CORPORATION DOES NOT DIRECTLY HIRE OR COMPENSATE ITS OFFICERS OR DIRECTORS. ALL COMPENSATION IS PAID BY THE WASHINGTON AREA COMMUNITY INVESTMENT FUND, INC. (WACIF), A RELATED ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE COMPENSATION IS REPORTED ACCORDINGLY ON WACIF'S FORM 990. FORM 990, PART VI, SECTION A, LINE 8B THE CORPORATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. 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 12C 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 XII, LINE 2C: AS PART OF A CONSOLIDATE GROUP, THE FINANCE & AUDIT COMMITTEE OF WACIF ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW, AND COMPILATION OF THE FINANCIAL STATEMENTS. AT ITS CURRENT STAGE OF DEVELOPMENT, THE CORPORATION'S BOARD LIAISES WITH WACIF'S FINANCE & AUDIT COMMITTEE ON TECHNICAL REVIEW, RECOMMENDATION, AND OVERSIGHT. WASHINGTON AREA COMMUNITY INVESTMENT FUND INC 2012 RHODE ISLAND AVENUE NE WASHINGTON DC 20018 541442466 INCLUSIVE ENTREPRENEURSHIP, COMM WEALTH BUILDING, AND EQUITABLE ECON. DEV. DC 501(C)(3) LINE 3 N/A 0 ANACOSTIA ENTREPRENEURSHIP CENTER INC 2012 RHODE ISLAND AVENUE NE WASHINGTON DC 20018 873827062 PROPERTY/PROGRAM MANAGER OF WACIF DC 501(C)(3) LINE 12A, I WASHINGTON AREA COMMUNITY INVESTMENT FUND INC 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0