2023-10-05T15:35:01-05:00 2022-12-31 521711839 COUNCILOR BUCHANAN & MITCHELL PC 7910 WOODMONT AVE STE 500 BETHESDA MD 20814 990 2022-01-01 521290127 CAPITAL IMPACT PARTNERS CAPI 7036472300 1400 CRYSTAL DRIVE 500 ARLINGTON VA 22202 NATALIE GUNN CHIEF FINANCIAL OFFICER 7036472360 2023-09-23 1 NATALIE GUNN 999009999 0 RICHARD E MORRIS P00190795 3019860600 2023-09-23 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NATALIE GUNN 1400 CRYSTAL DRIVE 500 ARLINGTON VA 22202 90212394 0 X WWW.CAPITALIMPACT.ORG X 1982 DC THROUGH CAPITAL AND COMMITMENT, CAPITAL IMPACT PARTNERS HELPS BUILD (PLEASE GO TO SCHEDULE O) INCLUSIVE AND EQUITABLE COMMUNITIES BY PROVIDING PEOPLE ACCESS TO THE CAPITAL AND OPPORTUNITIES THEY DESERVE. 18 17 164 0 0 0 30485802 25666588 23437416 35212138 1679352 1070642 179474 803959 55782044 62753327 3231401 12887698 0 0 17951688 24292350 0 0 1848796 19447227 21228191 40630316 58408239 15151728 4345088 600473548 583801509 431579834 418804761 168893714 164996748 X SEE SCHEDULE O 0 0 -171769 7184574 AFFORDABLE HOUSING:CAPITAL IMPACT PARTNERS BRIDGES THE GAP BETWEEN POLICY AND DEVELOPMENT TO IMPROVE THE LIVES OF LOW-INCOME INDIVIDUALS. CAPITAL IMPACT PARTNERS' EFFORTS IN AFFORDABLE HOUSING FOCUS PRIMARILY ON SUPPORTING MULTIFAMILY DEVELOPMENTS IN MARKETS WHERE AFFORDABLE HOUSING HAS BEEN IDENTIFIED AS A NEED. IN 2022, CAPITAL IMPACT PARTNERS DISBURSED APPROXIMATELY $90 MILLION TO AID IN THE RENOVATION OR NEW CONSTRUCTION OF 18 COMMUNITIES, CONSISTING OF 1,272 HOUSING UNITS, 70% OF WHICH ARE AFFORDABLE. -70700 2706882 HEALTHCARE:CAPITAL IMPACT PARTNERS HAS CREATED INNOVATIVE SOLUTIONS TO SUCCESSFULLY PRESERVE AFFORDABLE HEALTH CARE FOR LOW INCOME COMMUNITIES ACROSS THE COUNTRY. DEDICATED TO DELIVERING VALUE-ADDED SERVICE AND EASE OF PROCESS, WE LEVERAGE OVER 30 YEARS OF EXPERIENCE IN THE MARKET TO CUSTOMIZE APPROPRIATELY STRUCTURED FINANCING FOR OUR BORROWERS. CAPITAL IMPACT PARTNERS UNDERSTANDS THE IMPORTANCE OF ACCESS TO MENTAL HEALTH SERVICES IN ADDITION TO TRADITIONAL HEALTH CARE; THE COMMUNITY CLINICS AND HEALTH CENTERS THAT WE FINANCE FOCUS ON SUBSTANCE ABUSE AND REHABILITATION/BEHAVIORAL CARE IN ADDITION TO PRIMARY CARE AND OTHER PHYSICAL HEALTH SERVICES. WE ALSO PROVIDE FINANCING FOR ADULT DAY HEALTH CARE FACILITIES AND ASSISTED LIVING/CONTINUING CARE FACILITIES. IN 2022, CAPITAL IMPACT PARTNERS DISBURSED APPROXIMATELY $52 MILLION TO 7 HEALTH FACILITIES THAT SERVE NEARLY 68,000 PATIENTS ANNUALLY. -30300 4071477 EDUCATION:CAPITAL IMPACT PARTNERS HAS BEEN A CHARTER SCHOOL LENDER FOR OVER 20 YEARS AND HAS BECOME A VALUABLE FINANCING SOURCE FOR OUR NATION'S CHARTER SCHOOLS. TO ENSURE THAT LOW COST CAPITAL IS AVAILABLE NATIONWIDE, CAPITAL IMPACT PARTNERS OFFERS (1) CONSTRUCTION AND RENOVATION LOANS, (2) REAL ESTATE ACQUISITION AND TERM LOANS, EQUIPMENT LOANS, AND (3) REVOLVING LINES OF CREDIT. CAPITAL IMPACT PARTNERS CONNECTS ITS BORROWERS TO INSTITUTIONAL INVESTORS TO IMPROVE THE AMOUNT AND TYPE OF FINANCING AVAILABLE. IN 2022, DISBURSEMENTS TOTALED $6.6 MILLION TO 3 CHARTER SCHOOLS, PROVIDING OVER 600 STUDENTS WITH ACCESS TO HIGH QUALITY EDUCATION. 836844 3125 HEALTHY FOOD: CAPITAL IMPACT PARTNERS PROVIDES LOANS TO COMMUNITY BASED ORGANIZATIONS, GROCERY STORES, AND FOOD MARKETS TO IMPROVE THE ACCESS TO FRESH, HEALTH FOODS IN FOOD DESERTS AND OTHER UNDERSERVED AREAS. CAPITAL IMPACT PARTNERS PROVIDED FINANCING TO 1 HEALTHY FOOD PROJECT IN 2022 TOTALING $7.7 MILLION. THE PROJECT IS EXPECTED TO PROVIDE FRESH, HEALTHY FOOD ACCESS TO 104,000 LOW-AND MODERATE-INCOME PEOPLE. THE FINANCING IS FOCUSED TO DEVELOP AND EXPAND GROCERY STORES, HEALTHY FOOD MARKETS, AND TO DEVELOP INCLUSIVE FOOD SYSTEMS IN UNDERSERVED COMMUNITIES.IN 2021, THE NOURISH DC COLLABORATIVE WAS CREATED IN PARTNERSHIP WITH WASHINGTON D.C. LOCAL GOVERNMENT TO SUPPORT THE DEVELOPMENT OF A ROBUST ECOSYSTEM OF LOCALLY OWNED FOOD BUSINESSES ESPECIALLY IN NEIGHBORHOODS UNDERSERVED BY GROCERY STORES AND OTHER FOOD BUSINESSES. SINCE ITS LAUNCH, NOURISH DC HAS PROVIDED NEARLY $15 MILLION IN FLEXIBLE LOANS AND TECHNICAL ASSISTANCE TO MORE THAN 80 FOOD BUSINESSES. IN 2022 ALONE, NOURISH DC DISBURSED $837,000 IN GRANTS TO FOURTEEN FOOD BUSINESSES OWNED BY PEOPLE OF COLOR IN WASHINGTON DC WARDS 5, 7, AND 8. WASHINGTON, DC WARDS 5, 7, AND 8, ARE COMMUNITIES THAT HAVE BEEN IDENTIFIED AS UNDERSERVED BY GROCERY STORES. 38582352 998334 8048929 GENERAL LOAN PROGRAM:CAPITAL IMPACT PARTNERS PROVIDES LOANS AND FINANCIAL SERVICES TO BORROWERS THAT HAVE BEEN HISTORICALLY UNDER-INVESTED IN. PROJECTS FINANCED FOCUS ON PROVIDING GOODS AND SERVICES TO LOW INCOME AND ECONOMICALLY DISADVANTAGED POPULATIONS. 12677 1277340 NEW MARKET TAX CREDITS:CAPITAL IMPACT PARTNERS HAS RECEIVED ELEVEN ALLOCATIONS OF NEW MARKETS TAX CREDITS (NMTC) AND HAS ALLOCATED $742 MILLION, OF WHICH $669 MILLION HAS ALREADY BEEN DEPLOYED, TO PROVIDE HEALTH CARE PROVIDERS, HEALTHY FOOD GROCERY STORES, CHARTER SCHOOLS, AND OTHER COMMUNITY ORGANIZATIONS AFFORDABLE FINANCING NATIONWIDE. NMTC ALLOWS CAPITAL IMPACT PARTNERS TO OFFER BORROWERS MORE FLEXIBLE TERMS SUCH AS LONGER AMORTIZATION PERIODS, INTEREST-ONLY PAYMENTS FOR AS LONG AS SEVEN YEARS, HIGHER LOAN-TO-VALUE RATIOS AND POTENTIAL EQUITY BENEFIT AT THE END OF THE LOAN TERM. 932719 10183737 EQUITABLE DEVELOPMENT INITIATIVE THE EQUITABLE DEVELOPMENT INITIATIVE (EDI) COMBINES CAPITAL IMPACT'S ROLE AS A PROVIDER OF CATALYTIC CAPITAL AND ITS DEVELOPMENT EXPERTISE INTO A PROGRAM THAT SUPPORTS LOCAL DEVELOPERS OF COLOR WITH FORMALIZED TECHNICAL ASSISTANCE AND DEVELOPMENT FINANCING. THE PROGRAM AIMS TO BUILD SKILLS OF MINORITY DEVELOPERS TO STRENGTHEN THEIR BUSINESS AND BUILD THEIR WEALTH. AS OF YEAR END 2022, THE DETROIT PROGRAM HAS GRADUATED 102 PARTICIPANTS; THE DMV PROGRAM HAS GRADUATED 69 PARTICIPANTS AS OF YEAR END. IN 2022, EDI LAUNCHED COHORTS IN DALLAS AND THE SAN FRANCISCO BAY AREA, SERVING 19 AND 11 DEVELOPERS, RESPECTIVELY. 1337423 868783 HOUSING EQUITY ACCELERATOR FELLOWSHIP: IN 2021, CIP RECEIVED $5 MILLION FROM AMAZON TO LAUNCH THE HOUSING EQUITY ACCELERATOR FELLOWSHIP (HEAF). THE HOUSING EQUITY ACCELERATOR FELLOWSHIP IS PART OF AMAZON'S $2 BILLION HOUSING EQUITY FUND, AND ITS FOCUS IS TO SUPPORT DEVELOPERS OF COLOR AND TO CREATE AFFORDABLE HOUSING ACROSS THE DMV. THE FELLOWSHIP WILL RUN FOR TWO YEARS, WITH DEVELOPERS MEETING MONTHLY TO ENGAGE IN A RICH LEARNING SERIES WITH ACCESS TO PROFESSIONAL MENTORS AND ADVISORS IN THE REAL ESTATE AND HOUSING FIELD. THE SELECTION CRITERIA FOR THE FELLOWS INCLUDES BLACK, INDIGENOUS, OR PEOPLE OF COLOR, FULL-TIME DEVELOPERS, AND A PIPELINE OF COMPLETED OR DEVELOPING PROJECTS IN THE REGION. THIS PROGRAM IS FOCUSED IN THE DMV AREA, SO FELLOWS ARE CONSIDERED BASED ON THEIR WORK IN THE REGION. CIP KICKED OFF THIS PROGRAM IN 2022 WITH 15 PARTICIPANTS AND HAS DEPLOYED OVER $1 MILLION VIA GRANTS TO PARTICIPANTS OF THIS PROGRAM. 127032 ENTREPRENEURS OF COLOR FUND:IN 2018, CAPITAL IMPACT PARTNERS RECEIVED $3.3 MILLION IN GRANT FUNDING FROM JPMORGAN CHASE TO MANAGE THE DC-AREA ENTREPRENEURS OF COLOR FUND (EOCF), ALLOWING CAPITAL IMPACT PARTNERS TO PARTNER WITH WACIF AND LEDC, DC-AREA CDFIS, TO PROVIDE CAPITAL AND CAPACITY BUILDING TO MINORITY ENTREPRENEURS IN THE REGION. IN 2021, CAPITAL IMPACT PARTNERS RECEIVED AN ADDITIONAL $2 MILLION CONTRIBUTION FROM JPMORGAN CHASE TO CONTINUE MANAGING EOCF. IN ADDITION TO WACIF AND LEDC, CAPITAL IMPACT PARTNERED WITH CITY FIRST ENTERPRISES (CFE) AND THE COALITION FOR NONPROFIT HOUSING AND ECONOMIC DEVELOPMENT (CNHED) FOR THE SECOND GRANT ROUND. TO DATE, THE PARTNER ORGANIZATIONS HAVE LEVERAGED THE EOCF TO DEPLOY $20.9 MILLION, ASSISTING OVER 2,105 SMALL BUSINESSES. 40992203 12887698 9329394 40719434 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 1 119 0 1 164 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 0 CA DE X NATALIE GUNN CO CAPITAL IMPACT PARTNERS 7036472360 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 ELLIS CARR PRESIDENT & CEO 20.00 20.00 X X 693114 0 36067 PEDRO GOITIA DIRECTOR 1.00 1.00 X 5000 0 0 OSWALDO ACOSTA DIRECTOR 1.00 1.00 X 5000 0 0 JENNIFER SMITH DOLIN DIRECTOR 1.00 1.00 X 5000 0 0 L RAY MONCRIEF DIRECTOR 1.00 1.00 X 3750 0 0 DAN VARNER DIRECTOR 1.00 1.00 X 5000 0 0 RICK BENIITO DIRECTOR 1.00 1.00 X 3750 0 0 ERIK CALDWELL DIRECTOR 1.00 1.00 X 5000 0 0 ALAINA BEVERLY DIRECTOR 1.00 1.00 X 5000 0 0 CASEY FANNON DIRECTOR 1.00 1.00 X 3750 0 0 GAIL MARKULIN DIRECTOR 1.00 1.00 X 5000 0 0 KURT CHILCOTT DIRECTOR/CONSULTANT 7.00 7.00 X 322500 0 0 GARY CUNNINGHAM DIRECTOR 1.00 1.00 X 2500 0 0 LAUREN TYLER ORION DIRECTOR 1.00 1.00 X 5000 0 0 FRANK ROBINSON DIRECTOR 1.00 1.00 X 3750 0 0 TOM TOPUZES DIRECTOR 1.00 1.00 X 5000 0 0 GRACE CHIONUMA DIRECTOR 1.00 1.00 X 0 0 0 SHERYL CAMERON DIRECTOR 1.00 1.00 X 0 0 0 NATALIE GUNN CHIEF FINANCIAL OFFICER 20.00 20.00 X 396827 0 31617 JARET DINARD INGS SENIOR DIRECTOR OF FINANCE 20.00 20.00 X 240861 0 66790 KIM DORSETT CHIEF HUMAN RESOURCE OFFIC 20.00 20.00 X 276554 0 74668 RAYMOND GUTHRIE CHIEF INVESTMENT OFFICER 40.00 X 372095 0 69916 BRIAN MCEVOY GENERAL COUNSEL 20.00 20.00 X 316032 0 77933 KARLA GILL CHIEF TECHNOLOGY OFFICER 20.00 20.00 X 109321 0 8347 MATTHEW WEHLAND CHIEF OPERATING OFFICER 20.00 20.00 X 247773 0 40734 ROBERT VILLARREAL CHIEF EXTERNAL AFFAIRS OFFICER 0.00 40.00 X 0 279517 25318 SCOTT BERMAN SENIOR DIRECTOR, EXTERNAL AFFAIRS 40.00 X 240029 0 43591 LISA GRAMMER CONTROLLER 40.00 X 224727 0 77200 TED SILVA SENIOR DIRECTOR, LEGAL SERVICES 40.00 X 193690 0 72984 LAUREN COUNTS SENIOR DIRECTOR, HEAD OF N 40.00 X 231181 0 22289 JASON ANDERSON SENIOR DIRECTOR, MARKETING 40.00 X 226862 0 56296 4154066 279517 703750 82 0 1 0 PILLSBURY WINTHROP SHAW 1200 SEVENTEENTH STREET NW WASHINGTON DC 20036 LEGAL SERVICE FEE 1606436 COHNREZNICK LLP 500 EAST PRATT STREET SUITE 200 BALTIMORE MD 21202 AUDIT AND TAX SERVICES 564079 MISTRAL LLC 20 WYMAN DRIVE WOLFEBORO NH 03894 CONTRACTUAL SERVICES 400000 THOMAS JOHN SHERRY DBA - 313 CREATIVE L 3890 KENSINGTON DETROIT MI 48224 CONTRACTUAL SERVICES 351252 BRECKENRIDGE CONSULTING SERVICES INC 340 15TH AVENUE EAST SEATTLE WA 98112 CONSULTING 341500 18 4020396 21646192 25666588 INTEREST EARNED ON LOA 900099 21237248 21237248 DEBT EXTINGUISHMENT GA 900099 6452689 6452689 INTER-COMPANY FEE INCO 900099 3800235 3800235 LOAN FEES 900099 3721966 3721966 35212138 2821918 2821918 25707791 27459067 -1751276 -1751276 -1751276 CONTRACT REVENUE 900099 719570 719570 OTHER INCOME 900099 84389 84389 803959 62753327 34264821 0 2821918 12887698 12887698 3443649 2381212 726172 336265 16962443 9443647 6935742 583054 1298230 878615 369079 50536 1313996 798324 476651 39021 1274032 849175 370137 54720 331813 4814 294299 32700 1030141 105354 832309 92478 248179 25381 200518 22280 105026 105026 3312714 913891 2127441 271382 584392 92939 419232 72221 808289 48243 702813 57233 1176557 479941 626954 69662 487473 259050 205581 22842 10753248 10753248 219543 71110 148433 338502 304652 33850 CORPORATE DEVELOPMENT 1063486 112823 855597 95066 LOAN FEES 314085 314085 PROVISION FOR LOAN LOSS 266906 266906 TRAINING 187837 32978 139373 15486 58408239 40719434 15840009 1848796 94919601 70912912 3160368 7350383 388528166 399371537 2972402 1902169 1292160 1070233 2030968 2470306 100268885 92987066 10273400 9639072 600473548 583801509 4555550 5308749 408866103 396734938 18158181 16761074 431579834 418804761 X 120919519 115654148 47974195 49342600 168893714 164996748 600473548 583801509 X 4345088 -4943089 -3298965 X X 0 1 X 1 1 1 X 16576230 4687574 29250083 30485802 25666588 106666277 16576230 4687574 29250083 30485802 25666588 106666277 33672599 72993678 2171959 3653545 829625 1091910 2821918 10568957 6943 107768 347304 179474 803959 1445448 118680682 123704778 0.61500 0.64450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47974195 16601363 77325 15310283 49342600 33568035 28485802 30639 14110281 47974195 27445685 14250083 62924 8190657 33568035 29717024 4437574 249945 6958858 27445685 18292459 16576230 152650 5304315 29717024 1.00000 0 0 1909896 949981 959915 323709 320807 2902 738797 631381 107416 1070233 EQUITY - FHLB ATLANTA 1312200 C INVESTMENT IN ROC USA 3608302 C NEW MARKET TAX CREDIT ENTITIES 18537 C INVESTMENT IN CSFP 343752 C MORTGAGE BACKED AND US TREASURY SECURITIES 29230723 F OTHER INVESTMENTS 286674 F INVESTMENT IN CIIF 8947508 C INNOVATION INVESTMENT PORTFOLIO 875435 C WORKFORCE AFFORDABLE HOUSING FUND 1, LLC 22812857 C INVESTMENT IN EQUITABLE PROSPERITY FUND I GP LLC 10523957 C INVESTMENT IN ALLIANCE SECURITIES MANAGER LLC 15027121 C 92987066 REFUNDABLE ADVANCE LIABILITY 6172250 LEASE LIABILITIES 10588824 16761074 X 56120274 -4943089 -1584938 -6528027 62648301 105026 105026 62753327 59034929 731716 731716 58303213 105026 105026 58408239 PART V, LINE 4: NET ASSETS WITH DONOR RESTRICTIONS ARE USED FOR CIP'S PROGRAMS, INCLUDING A REVOLVING LOAN FUND TO FINANCE DEVELOPMENT AND EXPANSION OF SMALL BUSINESSES. PART X, LINE 2: CAPITAL IMPACT PARTNERS IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, CAPITAL IMPACT PARTNERS QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL CORPORATE INCOME TAXES. MANAGEMENT EVALUATED CAPITAL IMPACT PARTNERS' TAX POSITIONS AND CONCLUDED THAT CAPITAL IMPACT PARTNERS HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. CONSEQUENTLY, NO ACCRUAL FOR FEDERAL OR STATE TAX LIABILITY FOR INTEREST AND PENALTIES WAS DEEMED NECESSARY FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. CAPITAL IMPACT PARTNERS FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND CALIFORNIA. GENERALLY, CAPITAL IMPACT PARTNERS IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION BY THE U.S. FEDERAL OR STATE TAX AUTHORITIES FOR YEARS BEFORE 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN EQUITY METHOD INVESTMENTS -3,277,120. INCOME FROM CONSOLIDATED SUBSIDIARIES 1,714,027. NEW MARKET TAX CREDIT UNWIND -21,845. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED WITH INVESTMENT INCOME ON AUDIT 105,026. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES RELATED TO CONSOLIDATED SUBSIDIARIES 731,716. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED WITH INVESTMENT EXPENSES ON AUDIT 105,026. 1 CDC SMALL BUSINESS DEVELOPMENT CORPORATION 2448 HISTORIC DECATUR RD SUITE 200 SAN DIEGO CA 92106 953512045 501 (C)(3) 998334 0 TO WIDEN CREDIT ACCESS TO BIPOC OWNED BUSINESSES THROUGH ALTERNATIVE LENDING CITY FIRST ENTERPRISES INC 1342 FLORIDA AVENUE NW WASHINGTON DC 20009 522101165 501 (C)(3) 54628 0 TO CATALYZE BUSINESS GROWTH AND SUPPORT BUSINESS SUCCESS FOR DC OWNED FOOD BUSINESSES LATINO ECONOMIC DEVELOPMENT CENTER 641 S STREET NW WASHINGTON DC 20001 521749216 501 (C)(3) 191271 0 TO CATALYZE BUSINESS GROWTH AND SUPPORT BUSINESS SUCCESS FOR DC OWNED FOOD BUSINESSES MEDICI ROAD INC 1629 K ST SUITE 300 WASHINGTON DC 20006 813752369 501 (C)(3) 157783 0 TO SUPPORT AND PROMOTE AFFORDABLE AND WORKFORCE HOUSING ACROSS THE DC/MD/VA REGION WASHINGTON AREA COMMUNITY INVESTMENT FUND INC 2012 RHODE ISLAND AVENUE NE WASHINGTON DC 20018 541442466 501 (C)(3) 145620 0 TO CATALYZE BUSINESS GROWTH AND SUPPORT BUSINESS SUCCESS FOR DC OWNED FOOD BUSINESSES 1232 SHIFT CUBED PARTNERS 3525 I STREET PHILADELPHIA PA 19134 883236933 100000 0 TO FUND ACQUISITION COSTS FOR AFFORDABLE HOUSING IN UNDERSERVED COMMUNITIES 7 AND M DEVELOPMENT LLC 80 M STREET SOUTHEAST 1ST FLOOR WASHINGTON DC 20003 823116919 25000 0 TO DETERMINE PROJECT FEASABILITY FOR AFFORDABLE HOUSING A 1 GROCERY STORE 615 DIVISION AVENUE NE WASHINGTON DC 20019 831359954 50000 0 TO CATALYZE BUSINESS GROWTH AND SUPPORT BUSINESS SUCCESS FOR DC OWNED FOOD BUSINESSES AFRICAN AMERICAN ALLIANCE OF CDFI CEOS 301 EAST PINE STREET ORLANDO FL 32801 852659114 43334 0 INTERNAL CAPACITY BUILDING FOR BLACK LED CDFI'S ANYUMBA CONSTRUCTION AND DEVELOPMENT LLC 311 LANSDOWNE ROAD HAVERTOWN PA 19083 821581532 277778 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH ATLANTICA PROPERTIES 541 10TH STREET SUITE 249 ATLANTA GA 30318 474731167 500000 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH BABAS'S COOKING SCHOOL LLC DBA EATSPLACE 3607 GEORGIA AVE NW WASHINGTON DC 20010 461558128 19203 0 TO CATALYZE BUSINESS GROWTH AND SUPPORT BUSINESS SUCCESS FOR DC OWNED FOOD BUSINESSES BELOVED COMMUNITY INCUBATOR INC 1226 VERMONT AVENUE NW WASHINGTON DC 20005 833133482 25000 0 TO GROW COOPERATIVE INCUBATION BIG OAKLAND LLC 1423 BROADWAY OAKLAND CA 94612 823248617 50000 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH BUILDERS OF HOPE CDC 7920 ELMBROOK DRSUIT 103 DALLAS TX 75248 752756681 277778 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH CIRCLE 7 FOOD AND GROCERY MARKET 1211 MOUNT OLIVET ROAD NE WASHINGTON DC 20002 462365684 50000 0 TO CATALYZE BUSINESS GROWTH AND SUPPORT BUSINESS SUCCESS FOR DC OWNED FOOD BUSINESSES CLIFFORD BEERS HOUSINGINC 11739 VICTORY BLVD NORTH HOLLYWOOD CA 91606 954485263 277778 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH CMC DEVELOPMENT GROUP 749 E 135TH STREET BRONX NY 10454 272929545 277778 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH COMMUNITY HOUSING DEVELOPMENT CORPORATION OF NORTH RICHMOND 1535-A FRED JACKSON WAY RICHMOND CA 94801 680235719 277778 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH COMMUNITY LEAGUE OF THE HEIGHTS 511 WEST 157TH STREET NEW YORK CITY NY 10032 132564241 277778 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH DALLAS CITY HOMES INC 711 N BECKLEY SUITE D DALLAS TX 75203 752305037 277778 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH DID-DMV SUB-GRANT DISBURSEMENT - NE LLC 2001-2003 BENNING RD NE WASHINGTON DC 20002 883606173 100000 0 TO FUND ACQUISITION COSTS FOR AFFORDABLE HOUSING IN UNDERSERVED COMMUNITIES DOMOS COLIVING LLC 309 E PACES FERRY STE 400 ATLANTA GA 30305 833326483 277778 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH DREAMING OUT LOUD INC 419 7TH STREET NW 3RD FLOOR WASHINGTON DC 20004 261286043 144377 0 TO CATALYZE BUSINESS GROWTH AND SUPPORT BUSINESS SUCCESS FOR DC OWNED FOOD BUSINESSES EMBOLDEN REAL ESTATE LLC 2227 20TH ST NW APT-406 WASHINGTON DC 20009 843559853 41000 0 TO FUND ACQUISITION COSTS FOR AFFORDABLE HOUSING IN UNDERSERVED COMMUNITIES FIFTH WARD COMMUNITY REDEVELOPMENT CORPORATION 4300 LYONS AVENUE SUITE 300 HOUSTON TX 77020 760288037 277778 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH FIVE WOODS LHPLLC 2418 ELGIN ST HOUSTON TX 77004 814610926 277778 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH GFM SOUTH CAPITAL LLC 4001 SOUTH CAPITAL ST SW WASHINGTON DC 20032 352642708 133000 0 TO CATALYZE BUSINESS GROWTH AND SUPPORT BUSINESS SUCCESS FOR DC OWNED FOOD BUSINESSES GOOD PLACES LLC 769 VERNER STREET NW ATLANTA GA 30318 821113401 200000 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH IBF DEVELOPMENT LLC 4626 WISCONCIN AVENW SUITE 323 WASHINGTON DC 20016 205828611 277778 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH LOW INCOME INVESTMENT FUND 100 PINE STREET 1800 SAN FRANCISCO CA 94111 942952578 619000 0 TO SUPPORT OPERATING COSTS RELATED TO THE GROWING DIVERSE HOUSING DEVELOPERS PROGRAM MCI PROPERTY MANAGEMENT LLC 136 TIFFANY BOULEVARD SUITE 335 NEWARK NJ 07104 462119743 277778 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH MECHOS DOMINICAN KITCHEN OF DAKOTA CROSSINGLLC 2450 MARKET STREET NE STE801 WAHINGTON DC 20018 833245363 10000 0 TO CATALYZE BUSINESS GROWTH AND SUPPORT BUSINESS SUCCESS FOR DC OWNED FOOD BUSINESSES MILLER BEACH CONSULTING LLC 140 B PURCELLVILLE GATEWAY DRIVE-183 PURCELLVILLE VA 20132 820644752 100000 0 TO SUPPORT AND PROMOTE AFFORDABLE AND WORKFORCE HOUSING ACROSS THE DC/MD/VA REGION MT VERNON MANOR INC 3311 WALLACE STREET SUITE B PHILADELPHIA PA 19104 232037301 277778 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH NEW ECONOMICS FOR WOMEN 303 SLOMA DRIVE LOS ANGELES CA 90017 953969029 277778 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH NIX DEVELOPMENT COMPANY LLC 6411 IVY LANE SUITE 506 GREENBELT MD 20770 460786848 190000 0 TO SUPPORT AND PROMOTE AFFORDABLE AND WORKFORCE HOUSING ACROSS THE DC/MD/VA REGION NORTH AMERICAN STUDENTS OF COOPERATION (NASCO) POBOX 180048 CHICAGO IL 60618 382219436 35000 0 FOR THE DEVELOPMENT AND IMPLEMENTATION OF A SERVICE PLAN TO TRANSITION APSARA NORTHERN REAL ESTATE URBAN VENTURESLLC 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GROWTH RICH CAPITAL CONCEPTS 1710 2ND STREET NW WASHINGTON DC 20001 474994013 50000 0 TO CATALYZE BUSINESS GROWTH AND SUPPORT BUSINESS SUCCESS FOR DC OWNED FOOD BUSINESSES ROSEWOOD STRATEGIES LLC 701 LAMONT STREET NW UNIT 56 WASHINGTON DC 20010 822503007 690000 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH SANDIDGE URBAN GROUP INC 143 SCOTTS VALLEY HERCULES CA 94547 464226099 277778 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH SMJ DEVELOPMENT LLC 628 6 AVENUE BROOKLYN NY 11215 465599322 277778 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH THE INDUSTRIAL COMMONS 647 HOPEWELL ROAD MORGANTON NC 28655 472080338 30000 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH THE NEIGHBORHOOD DEVELOPMENT COMPANY 3232 GEORGIA AVENUE NWSTE100 WASHINGTON DC 20010 522142042 500000 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH THE REINVESTMENT FUND 1700 MARKET STREET 19TH FLOOR ATTNACCOUNTS RECEIVABLE PHILADELPHIA PA 19103 222331946 619000 0 TO SUPPORT OPERATING COSTS RELATED TO THE GROWING DIVERSE HOUSING DEVELOPERS 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277778 0 FOR CAPACITY BUILDING AND BUSINESS GROWTH PART I, LINE 2: GRANTEES MUST REPORT ACTUAL EXPENSES FOR EACH MONTH AND SUBMIT QUARTERLY FINANCIAL REPORTS. 1 X X X 0 0 0 0 0 0 0 0 0 ELLIS CARR PRESIDENT & CEO 693114 0 0 0 0 0 36067 0 0 0 729181 0 0 0 RAYMOND GUTHRIE CHIEF INVESTMENT OFFICER 372095 0 0 0 0 0 26734 0 43182 0 442011 0 0 0 NATALIE GUNN CHIEF FINANCIAL OFFICER 396827 0 0 0 0 0 29987 0 1630 0 428444 0 0 0 BRIAN MCEVOY GENERAL COUNSEL 316032 0 0 0 0 0 28065 0 49868 0 393965 0 0 0 KIM DORSETT CHIEF HUMAN RESOURCE OFFIC 276554 0 0 0 0 0 24800 0 49868 0 351222 0 0 0 KURT CHILCOTT DIRECTOR/CONSULTANT 0 0 0 0 322500 0 0 0 0 0 322500 0 0 0 JARET DINARD INGS SENIOR DIRECTOR OF FINANCE 240861 0 0 0 0 0 28725 0 38065 0 307651 0 0 0 ROBERT VILLARREAL CHIEF EXTERNAL AFFAIRS OFFICER 0 264937 0 14580 0 0 0 17000 0 8318 0 304835 0 0 LISA GRAMMER CONTROLLER 224727 0 0 0 0 0 27332 0 49868 0 301927 0 0 0 MATTHEW WEHLAND CHIEF OPERATING OFFICER 247773 0 0 0 0 0 24299 0 16435 0 288507 0 0 0 SCOTT BERMAN SENIOR DIRECTOR, EXTERNAL AFFAIRS 240029 0 0 0 0 0 27156 0 16435 0 283620 0 0 0 JASON ANDERSON SENIOR DIRECTOR, MARKETING 226862 0 0 0 0 0 25486 0 30810 0 283158 0 0 0 TED SILVA SENIOR DIRECTOR, LEGAL SERVICES 193690 0 0 0 0 0 23496 0 49488 0 266674 0 0 0 LAUREN COUNTS SENIOR DIRECTOR, HEAD OF N 231181 0 0 0 0 0 22000 0 289 0 253470 0 0 0 SEE SCHEDULE O MEMBER OF BORROWER SEE SCHEDULE O X 22999244 14229056 0 1 1 14229056 KURT CHILCOTT CONSULTANT 315000 CONSULTING SERVICES 0 KURT CHILCOTT DIRECTOR 7500 BOARD SERVICES 0 FORM 990, PART 1, LINE 1 DESCRIPTION CONTINUATION: CAPITAL IMPACT PARTNERS WAS ESTABLISHED PURSUANT TO SECTION 211 OF THE NATIONAL CONSUMER COOPERATIVE BANK ACT AS AMENDED (THE "BANK ACT")(12 U.S.C.3051), AS A SECTION 501(C)(3) ORGANIZATION FORMED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING PURPOSES THAT ARE EXPRESSLY DEEMED CHARITABLE WITHIN THE MEANING OF SECTION 501(C)(3) UNDER SECTION 211 (C)(2) OF THE BANK ACT. ITS PRIMARY PURPOSE IS TO PROVIDE FINANCIAL SERVICES AND TECHNICAL SUPPORT TO COOPERATIVES AND OTHER DEMOCRATICALLY STRUCTURED, COOPERATIVE-LIKE ORGANIZATIONS, TARGETED TOWARD NEWER, LESS ESTABLISHED ORGANIZATIONS AND UNDERSERVED COMMUNITIES WHOSE RESIDENTS ARE DISADVANTAGED, LOW-INCOME AND/OR ELDERLY PERSONS WITH SPECIAL NEEDS. FORM 990, PART IV, LINE 34 EFFECTIVE APRIL 1, 2021, CIP AND CDC SMALL BUSINESS FINANCE CORP. ("CDC") ALIGNED THEIR OPERATIONS UNDER ONE CHIEF EXECUTIVE OFFICER AND SUBSTANTIALLY OVERLAPPING BOARDS OF DIRECTORS. CAPITAL IMPACT PARTNERS AND CDC REMAIN AS SEPARATE LEGAL AND TAX ENTITIES WITH NO CONTROL OVER THE OTHER. CDC IS A CALIFORNIA NOT-FOR-PROFIT ORGANIZATION COMMITTED TO SERVING THE CAPITAL NEEDS OF SMALL BUSINESSES IN CALIFORNIA, NEVADA, AND ARIZONA. CDC IS A CERTIFIED DEVELOPMENT COMPANY CERTIFIED BY THE U.S. SMALL BUSINESS ADMINISTRATION. ITS MISSION IS TO CHAMPION THE GROWTH OF DIVERSE SMALL COMPANIES IN ITS COMMUNITIES THROUGH ADVOCACY AND LENDING SERVICES. CDC ARRANGES INDUSTRIAL AND COMMERCIAL REAL ESTATE, AND BUSINESS DEVELOPMENT LOANS FOR SMALL BUSINESS COMPANIES LOCATED THROUGHOUT THE STATES OF CALIFORNIA, NEVADA, AND ARIZONA. CIP AND CDC CROSS GUARANTEE MOST OF THE OTHER PARTY'S DEBT, AND ARE CO-BORROWERS ON OTHER OBLIGATIONS TO ENABLE EACH ORGANIZATION TO BENEFIT FROM THE COMBINED FINANCIAL STRENGTH OF BOTH ORGANIZATIONS. CIP AND CDC HAVE SUBSTANTIALLY OVERLAPPING EXECUTIVE MANAGEMENT TEAMS WITH ELLIS CARR, CAPITAL IMPACT'S PRESIDENT AND CHIEF EXECUTIVE OFFICER, SERVING AS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF BOTH ORGANIZATIONS. THE TRANSACTION CLOSED ON JULY 15, 2021. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS HAS DELEGATED THE RESPONSIBILITY FOR REVIEWING THE FORM 990 TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS, PURSUANT TO THE COMPANY'S BOARD AND COMMITTEE RETAINED AUTHORITY AND DELEGATION OF AUTHORITY TO MANAGEMENT AND THE AUDIT COMMITTEE CHARTER. THE CHAIR OF THE AUDIT COMMITTEE REVIEWS THE FORM 990 WITH CAPITAL IMPACT PARTNERS' CHIEF FINANCIAL OFFICER, CONTROLLER AND TAX PREPARER BEFORE IT IS SUBMITTED TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE THEN INDEPENDENTLY REVIEWS THE FORM 990 PRIOR TO FILING. THE CHAIR OF THE AUDIT COMMITTEE REPORTS ON THE PROCESS AND FINDINGS OF THE AUDIT COMMITTEE AT THE NEXT REGULARLY SCHEDULED MEETING OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS AND APPROVES CAPITAL IMPACT PARTNERS' CODE OF CONDUCT AND INTERNAL CONTROL POLICY ON AN ANNUAL BASIS; THE CODE OF CONDUCT AND INTERNAL CONTROL POLICY INCLUDES, AMONG OTHER THINGS, CAPITAL IMPACT PARTNERS' CONFLICT OF INTEREST POLICY. THE CODE OF CONDUCT AND INTERNAL CONTROL POLICY IS MADE AVAILABLE TO ALL OFFICERS AND EMPLOYEES OF CAPITAL IMPACT PARTNERS AND ALL MEMBERS OF THE BOARD OF DIRECTORS, EACH OF WHOM IS REQUIRED TO CERTIFY AS TO MATTERS SET FORTH IN THE POLICY AND PROVIDE CONFLICTS OF INTEREST DISCLOSURES (IF ANY) ON AN ANNUAL BASIS. THE GENERAL COUNSEL OR CHIEF HUMAN RESOURCES OFFICER EVALUATE ALL CONFLICTS OF WHICH THEY BECOME AWARE AND SUBMIT SUCH CONFLICTS FOR RESOLUTION TO THE BOARD'S AUDIT COMMITTEE, IF NECESSARY. MINUTES REFLECTING ALL MEETINGS HELD AND ACTIONS TAKEN BY THE AUDIT COMMITTEE, INCLUDING WITH RESPECT TO CONFLICTS MATTERS, ARE INCLUDED IN THE CORPORATE RECORD BOOK. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS DELEGATED THE RESPONSIBILITY FOR REVIEWING AND MAKING RECOMMENDATIONS WITH RESPECT TO EXECUTIVE COMPENSATION TO ITS EXECUTIVE COMMITTEE (THE "EXECUTIVE COMMITTEE"), PURSUANT TO THE BOARD AND COMMITTEE RETAINED AUTHORITY AND DELEGATION OF AUTHORITY TO MANAGEMENT AND THE EXECUTIVE COMMITTEE CHARTER. THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION OF THE EXECUTIVE OFFICERS OF CAPITAL IMPACT PARTNERS; THE EXECUTIVE COMMITTEE THEN REPORTS ITS PROCESS, FINDINGS AND RECOMMENDATIONS TO THE BOARD OF DIRECTORS FOR INDEPENDENT REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS. THE PROCESS INCLUDES: MANAGING THE PROCESS OF COLLECTING AND REVIEWING MARKET DATA FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER AND THE REST OF THE EXECUTIVE MANAGEMENT TEAM; PERIODICALLY ENGAGING INDEPENDENT CONSULTANTS TO PERFORM INDEPENDENT MARKET ANALYSIS; EVALUATING THE PERFORMANCE OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER; AND RECOMMENDING ANNUAL EXECUTIVE-LEVEL COMPENSATION AND INCENTIVES (IF ANY) TO THE BOARD OF DIRECTORS. ALL MEETINGS AND ACTIONS OF THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS ARE DOCUMENTED CONCURRENTLY THEREWITH AND RECORDED IN THE MINUTES OF CAPITAL IMPACT PARTNERS UPON APPROVAL BY THE EXECUTIVE COMMITTEE OR THE BOARD (AS APPLICABLE). THE BOARD OF DIRECTORS, THE GOVERNING BODY AUTHORIZED TO APPROVE EXECUTIVE-LEVEL COMPENSATION AND INCENTIVE ARRANGEMENTS THAT ARE RECOMMENDED BY THE EXECUTIVE COMMITTEE, IS COMPRISED ENTIRELY OF PERSONS WITHOUT A CONFLICT OF INTEREST. IN SUM, CAPITAL IMPACT PARTNERS IS COMPLYING WITH THE OPTIONAL REBUTTABLE PRESUMPTION MECHANISM OF TREASURY REGULATION SECTION 53.4958-6. FORM 990, PART VI, SECTION C, LINE 18 THE APPLICABLE FORMS ARE AVAILABLE FOR IN-PERSON INSPECTION UPON REQUEST TO THE EXTENT AND IN THE MANNER REQUIRED BY LAW. FORM 990, PART VI, SECTION C, LINE 19 CIP MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON WRITTEN REQUEST. CIP'S ANNUAL REPORT, WHICH CONTAINS A CONDENSED VERSION OF ITS FINANCIAL STATEMENTS, IS POSTED ON ITS WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN EQUITY METHOD INVESTMENTS -3,277,120. GAIN ON NEW MARKET TAX CREDIT UNWIND -21,845. FORM 990, PART XII, LINE 2C: USE OF AUDIT COMMITTEE AS IN PRIOR YEARS, CIP HAS AN AUDIT COMMITTEE COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS. IT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT. SCHEDULE L TRANSACTIONS WITH INTERESTED PERSONS: IN THE NORMAL COURSE OF BUSINESS, CUSTOMERS OF CIP'S BOARD OF DIRECTORS MAY BE AFFILIATED WITH COOPERATIVES RECEIVING OR ELIGIBLE TO RECEIVE LOANS. CIP HAS CONFLICT OF INTEREST POLICIES, WHICH REQUIRE, AMONG OTHER THINGS, THAT A BOARD MEMBER BE DISASSOCIATED FROM DECISIONS THAT POSE A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST. LOAN REQUESTS FROM COOPERATIVES WITH WHICH MEMBERS OF THE BOARD MAY BE AFFILIATED ARE SUBJECT TO THE SAME ELIGIBILITY AND CREDIT CRITERIA, AS WELL AS THE SAME LOAN TERMS AND CONDITIONS, AS ALL OTHER LOAN REQUESTS. AN ANALYSIS OF THE ACTIVITY DURING FISCAL YEAR 2022 FOR THE AGGREGATE AMOUNT OF THESE LOANS IS AS FOLLOWS: BALANCE AT DECEMBER 31, 2021 $ 14,371,430 NET CHANGE (142,374) ____________ BALANCE AT DECEMBER 31, 2022 $ 14,229,056 FORM 990, PART V1, SECTION A, LINE 1 FOR ALL OF 2022, THE BOARD OF DIRECTORS OF CAPITAL IMPACT PARTNERS HAD EIGHTEEN (18) TOTAL DIRECTORS ALL OF WHOM ARE VOTING MEMBERS. THE EIGHTEEN (18) DIRECTORS CONSIST OF THE PRESIDENT OF CAPITAL IMPACT PARTNERS AND SEVENTEEN (17) INDEPENDENT DIRECTORS. 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