2023-11-15T16:37:41-06:00 2022-12-31 540504608 BROWN EDWARDS & COMPANY LLP 3906 ELECTRIC ROAD ROANOKE VA 24018 990 2022-01-01 263114011 LOCUS IMPACT INVESTING LOCU 4023237339 7814 CAROUSEL LANE RICHMOND VA 23294 CLYDE CORNETT CFO & TREASURER 4023237339 2023-11-15 1 CLYDE CORNETT 999009999 0 PATRICK PITTMAN P00587461 5403450936 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SARAH STREMLAU 7814 CAROUSEL LANE RICHMOND VA 23294 17238118 0 X WWW.LOCUSIMPACTINVESTING.ORG X 2008 VA TO EMPOWER PLACE-FOCUSED INSTITUTIONS TO INVEST THEIR CAPITAL LOCALLY TO BUILD MORE PROSPEROUS, VIBRANT COMMUNITIES. 13 13 0 0 0 0 2000785 1741810 7163316 15216238 7922 46952 167732 233118 9339755 17238118 217500 55050 0 0 1510030 1755001 0 0 0 3823229 5769339 5550759 7579390 3788996 9658728 7023425 16542257 2591251 11104515 4432174 5437742 TO EMPOWER PLACE-FOCUSED INSTITUTIONS TO INVEST THEIR CAPITAL LOCALLY TO BUILD MORE PROSPEROUS, VIBRANT COMMUNITIES. 0 0 4021722 14257319 REBUILD VIRGINIA IS ADMINISTERED FOR THE STATE OF VIRGINIA TO DEPLOY GRANTS TO SMALL BUSINESSES. 3247592 55050 1192857 SUPPORTS PLACE-FOCUSED FOUNDATIONS AS THEY EXPLORE THE FIELD OF PLACE-BASED IMPACT INVESTING; SEEK TO UNLOCK ASSETS FOR COMMUNITY BENEFIT; AND DEPLOY THEIR CAPITAL TO CREATE MORE VIBRANT, PROSPEROUS COMMUNITIES. LOCUS ACTIVITIES INCLUDE CONSULTING AND TRAINING; TRANSACTION SOURCING AND STRUCTURING; AND PROJECT UNDERWRITING AND ASSET SERVICING. 7269314 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 118 0 1 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X CLYDE CORNETT - CFO & TREASURER 5402603126 110 PEPPERS FERRY ROAD NW CHRISTIANSBURG VA 24073 SHERRY MAGILL DIRECTOR 1.00 1.00 X 0 0 0 DIXON HANNA DIRECTOR 1.00 1.00 X 0 0 0 JAMES W HARKNESS JR DIRECTOR 1.00 1.00 X 0 0 0 CHARLIE H MILLS III DIRECTOR 1.00 1.00 X 0 0 0 CATHY DOLAN DIRECTOR 1.00 1.00 X 0 0 0 AMIR KIRKWOOD PRESIDENT & CEO 2.00 38.00 X X 28637 257734 0 SARAH STREMLAU LOCUS PRESIDENT 12.00 28.00 X X 71252 166263 0 MARY DWYER PEMBROKE DIRECTOR 1.00 1.00 X 0 8250 0 KIM ARMSTRONG DIRECTOR 1.00 1.00 X 0 0 0 JACKIE PUENTE DIRECTOR 1.00 1.00 X 0 14700 0 FLORENCE KINGSTON DIRECTOR 1.00 1.00 X 0 0 0 ROBERT GILLIAM DIRECTOR 1.00 1.00 X 0 0 0 WILLIAM SHELTON DIRECTOR 1.00 2.00 X 0 0 0 CLYDE CORNETT CFO & TREASURER 2.00 38.00 X 19076 219371 0 DEBORAH MARKLEY SENIOR VICE PRESIDENT 39.00 1.00 X 181132 0 0 TAMMY JACKSON CHIEF HUMAN CAPITAL OFFICE 2.00 38.00 X 15131 174006 0 ADAM NORTHOP SENIOR VICE PRESIDENT 12.00 28.00 X 10873 80621 0 PETER TAYLOR CHIEF INFORMATION OFFICER 2.00 38.00 X 16080 184918 0 WILL GROVES II CRO & CIO 2.00 38.00 X 0 241716 0 ERNEST MADDY SENIOR VICE PRESIDENT 0.00 40.00 X 0 129875 0 BILL GREENLEAF SENIOR VICE PRESIDENT 0.00 40.00 X 0 148393 0 CHRIS HAIRSTON-WHITE SENIOR VICE PRESIDENT 0.00 40.00 X 0 142093 0 JOSEPH BARNES SENIOR VICE PRESIDENT 0.00 40.00 X 0 130109 0 TRAVIS M GREEN VICE PRESIDENT 40.00 0.00 X 99738 11082 0 LINDA BRYDIE VICE PRESIDENT 12.00 28.00 X 0 119883 0 ASHLEY N COLEMAN VICE PRESIDENT 2.00 38.00 X 6413 121843 0 JOSEPH BEEKMAN VICE PRESIDENT 12.00 28.00 X 0 141014 0 CORBIN ANDERSON VICE PRESIDENT 0.00 40.00 X 0 114780 0 JAMES BAEK EXECUTIVE DIRECTOR 0.00 40.00 X 0 234719 0 MEREDITH SMITH SENIOR VICE PRESIDENT 2.00 38.00 X 0 130976 0 LISA O'MARA VICE PRESIDENT 40.00 0.00 X 85835 21459 0 CAROLINE NOWERY SENIOR VICE PRESIDENT 2.00 38.00 X 0 158486 0 DAVID NEWSOME VICE PRESIDENT 12.00 28.00 X 8990 103386 0 ALLIE FRIDLEY DIRECTOR OF INTERNAL AUDIT 2.00 38.00 X 8472 97425 0 ELIZABETH BETTLEY SMALL BUSINESS LOAN OFFICER 0.00 40.00 X 0 105979 0 JESSICA ALLEY DIRECTOR OF INFORMATION TECHNOLOGY 2.00 38.00 X 9215 105978 0 CHRIS SPANOULIS REAL ESTATE LOAN OFFICER 0.00 40.00 X 0 107890 0 560844 3472949 0 1 0 1 0 0 1741810 1741810 REBUILD VIRGINIA 900099 14257319 14257319 TRAINING AND RESEARCH 611430 958919 958919 15216238 46132 46132 820 0 820 820 820 GUARANTEE FEE INCOME 611430 232618 232618 MISCELLANEOUS INCOME 611430 500 500 233118 17238118 15450176 0 46132 X 55050 55050 333063 142549 190514 1169184 1169184 151115 132412 18703 101639 88715 12924 71381 71381 26575 24532 2043 4801509 4794509 7000 23476 23476 88384 76811 11573 29518 29518 40778 4208 36570 7423 7423 9124 7813 1311 7945 7945 OTHER OPERATING COSTS 603089 575901 27188 OTHER PROGRAM EXPENSES 57887 57887 BOARD EXPENSES 2250 2250 7579390 7269314 310076 0 2437026 9289046 2612561 1851420 77257 84779 1870645 2265749 6366 14486 50708 25619 16956 25089 2614 3011688 7023425 16542257 220523 262336 2019302 1716147 351426 9126032 2591251 11104515 X 4432174 5437742 4432174 5437742 7023425 16542257 X 9658728 -8653160 X X 0 1 X 1 0 X 2258853 1896228 2000785 1741810 7897676 1380259 353726 4277953 7163316 15216238 28391492 1380259 2612579 6174181 9164101 16958048 36289168 0 1049507 1015307 1128705 620218 3813737 1049507 1015307 1128705 620218 3813737 32475431 542 7471 12156 7548 46132 73849 542 7471 12156 7548 46132 73849 1 20905 11676 167732 233118 433432 1380802 2640955 6198013 9339381 17237298 36796449 0.88260 0.83420 0.00200 0.00140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32314 15872 16442 18394 9747 8647 25089 OTHER ASSETS 2614 LION NOTES 3009074 3011688 OTHER LIABILITES 126032 BORROWINGS 9000000 9126032 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(C)(3). TAX YEARS 2018 THROUGH 2022 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION HAS ANALYZED THE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS AND HAS CONCLUDED IT HAS NO LIABILITY RELATED TO UNCERTAIN TAX POSITIONS. 0 INVEST APPALACHIA INC 1456 PATTON AVENUE STE D ASHEVILLE NC 28806 842748180 501 (C) (3) 35000 0 ECOSYSTEM INITIATIVE X X 0 0 0 0 0 0 0 0 0 AMIR KIRKWOOD PRESIDENT & CEO 28637 257734 0 0 0 0 0 0 0 0 28637 257734 0 0 WILL GROVES II CRO & CIO 0 241716 0 0 0 0 0 0 0 0 0 241716 0 0 CLYDE CORNETT CFO & TREASURER 19076 219371 0 0 0 0 0 0 0 0 19076 219371 0 0 SARAH STREMLAU LOCUS PRESIDENT 71252 166263 0 0 0 0 0 0 0 0 71252 166263 0 0 JAMES BAEK EXECUTIVE DIRECTOR 0 234719 0 0 0 0 0 0 0 0 0 234719 0 0 PETER TAYLOR CHIEF INFORMATION OFFICER 16080 184918 0 0 0 0 0 0 0 0 16080 184918 0 0 TAMMY JACKSON CHIEF HUMAN CAPITAL OFFICE 15131 174006 0 0 0 0 0 0 0 0 15131 174006 0 0 DEBORAH MARKLEY SENIOR VICE PRESIDENT 181132 0 0 0 0 0 0 0 0 0 181132 0 0 0 CAROLINE NOWERY SENIOR VICE PRESIDENT 0 158486 0 0 0 0 0 0 0 0 0 158486 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE COMPLETED 990 WILL BE PROVIDED TO THE ORGANIZATION PRIOR TO THE FILING DEADLINE. THE RETURN WILL NOT BE PROVIDED TO THE BOARD PRIOR TO SIGNING BUT IT WILL BE REVIEWED BY THE PRESIDENT AND CFO, WHO ARE ENTRUSTED BY THE BOARD FOR THEIR REVIEW, PRIOR TO THE RETURN BEING SIGNED BY THE CFO. FORM 990, PART VI, SECTION B, LINE 12C AT LEAST ANNUALLY, OFFICERS AND DIRECTORS ARE REQUIRED TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY, WHICH CONTAINS A DUTY TO DISCLOSE CLAUSE. THESE ARE REVIEWED BY THE PRESIDENT. ANY ISSUES IDENTIFIED ARE INVESTIGATED AND DISCUSSED WITH THE CFO FOR FINANCIAL REPORTING OR REGULATORY / COMPLIANCE IMPACT. IN THE EVENT OF A POTENTIAL CONFLICT, THAT PERSON WILL RECUSE THEMSELVES FROM ALL DISCUSSION AND / OR VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 MANAGEMENT UTILIZES THE VBA ANNUAL SALARY SURVEY AS A GUIDELINE FOR DETERMINING MARKET FOR BANK EXECUTIVES AND STAFF. MANAGEMENT THEN PASSES THIS INFO UP TO THE HUMAN RESOURCES / COMPENSATION COMMITTEE FOR FURTHER REVIEW AND APPROVAL. ALL DISCUSSIONS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED ON THE WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 4,794,509. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,794,509. BOARD FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,000. FORM 990, PART XI, LINE 9: CAPITAL UPSTREAM TO HOLDING COMPANY FOR EARNINGS -8,650,000. CAPITAL PAID TO RELATED ENTITY FOR OPERATIONS -3,160. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED. RIVER CITY REAL ESTATE 1001 LLC 110 PEPPERS FERRY ROAD NW CHRISTIANSBURG VA 24073 352448562 FORECLOSED REAL ESTATE HOLDING VA LOCUS IMPACT FUND INC MOUNTAIN REAL ESTATE 2001 LLC 110 PEPPERS FERRY ROAD NW CHRISTIANSBURG VA 24073 320380629 FORECLOSED REAL ESTATE HOLDING VA LOCUS BANK INC COMMUNITY INVESTMENT GUARANTEE POOL LLC 7814 CAROUSEL LANE RICHMOND VA 23294 844213292 SUPPORT FOR COMMUNITY INVESTMENTS VA LOCUS IMPACT INVESTING LOCUS IMPACT FUND INC 110 PEPPERS FERRY ROAD NW CHRISTIANSBURG VA 24073 541754009 TO SUPPORT AND AID COMMUNITY DEVELOPMENT VA 501(C)(3) LINE 7 VCC SOCIAL ENTERPRISES 0 LOCUS FOUNDATION 100 WEST FRANKLIN STREET STE 200 RICHMOND VA 23220 814808731 TO SUPPORT AND AID COMMUNITY AND ECONOMIC DEVELOPMENT VA 501(C)(3) LINE 7 VCC SOCIAL ENTERPRISES 0 LOCUS 7814 CAROUSEL LANE SUITE 100 RICHMOND VA 23294 863988949 TO SUPPORT AND AID COMMUNITY AND ECONOMIC DEVELOPMENT VA 501(C)(3) LINE 7 N/A 0 LOCUS BANK INC 110 PEPPERS FERRY ROAD NW CHRISTIANSBURG VA 24073 260719551 COMMUNITY DEVELOPMENT BANK VA VCC SOCIAL ENTERPRISES C 0 LOCUS CAPITAL INC 110 PEPPERS FERRY ROAD NW CHRISTIANSBURG VA 24073 814812627 INVESTMENT ADVICE VA VCC SOCIAL ENTERPRISES C 0 CCB REAL ESTATE HOLDINGS INC 7814 CAROUSEL LANE RICHMOND VA 23294 383943768 REAL ESTATE HOLDING VA VCC BANK C 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 LOCUS BANK INC A 46132 SAVINGS INTEREST VIRGINIA COMMUNITY CAPITAL INC O 1639835 SALARIES EXPENSE