2023-11-14T13:16:48-06:00 2022-12-31 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2022-01-01 112421972 INCLUSIV INC INCL 2128091850 39 BROADWAY SUITE 2140 NEW YORK NY 10006 EBEN SHEAFFER CFO/CIO 2128091850 2023-11-13 1 EBEN SHEAFFER 999009999 1 MAGDALENA CZERNIAWSKI P00535099 2125038800 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z EBEN SHEAFFER 39 BROADWAY SUITE 2140 NEW YORK NY 10006 12847743 0 X WWW.INCLUSIV.ORG X 1974 DC THE MISSION OF INCLUSIV IS TO HELP LOW- AND MODERATE-INCOME PEOPLE AND COMMUNITIES ACHIEVE FINANCIAL INDEPENDENCE THROUGH CREDIT UNIONS. 14 14 34 14 0 0 8247387 7875779 3427652 4970616 25 1348 0 0 11675064 12847743 864700 391048 0 0 3719107 4033459 0 0 81885 3245652 4179810 7829459 8604317 3845605 4243426 81962812 97622121 56199262 67675316 25763550 29946805 THE MISSION OF INCLUSIV IS TO HELP LOW- AND MODERATE-INCOME PEOPLE AND COMMUNITIES ACHIEVE FINANCIAL INDEPENDENCE THROUGH CREDIT UNIONS. 0 0 1069874 1152031 INCLUSIV CAPITAL PROVIDES CAPITAL TO MEMBER CDCUS THROUGH UNINSURED SUBORDINATED DEBT LOANS AND INSURED NON-MEMBER DEPOSITS. 674365 1154273 CDCU MORTGAGE CENTER LLC IS A WHOLLY OWNED SUBSIDIARY ESTABLISHED TO PURCHASE AFFORDABLE MORTGAGES FROM MEMBER CREDIT UNIONS, ENABLING THEM TO RECYCLE THEIR CAPITAL, MANAGE THEIR BALANCE SHEETS, AND MAKE NEW LOANS. 426842 302000 INCLUSIV/BLACK COMMUNITIES, INCLUDING THE RESILIENCE FUND. INCLUSIV/BLACK COMMUNITIES IS A PROGRAM FOR SMALL AND FAITH-BASED CREDIT UNIONS SERVING PREDOMINANTLY AFRICAN AMERICAN COMMUNITIES. THE RESILIENCE FUND IS A GRANT FUND TO SUPPORT CREDIT UNIONS SERVING COMMUNITIES OF COLOR DISPROPORTIONATELY AFFECTED BY THE CORONAVIRUS PANDEMIC. THROUGH THE RESILIENCE FUND, INCLUSIV DISTRIBUTES GRANT SUPPORT TO MINORITY DEPOSITORY INSTITUTIONS (MDIS) UNDER $100 MILLION IN ASSETS. 5454115 89048 2664312 5454115 89048 2664312 7625196 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 24 0 1 34 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 NY X CATHLEEN MAHON PRESIDENTCEO 2128091850 39 BROADWAY SUITE 2140 NEW YORK NY 10006 ANGELA MORRISON RECORDING SECRETARY (OUTGOING) 1.00 X X 0 0 0 AURELIO ARROYA GONZALEZ DIRECTOR 1.00 X 0 0 0 BLANCHE L JACKSON TREASURER 1.00 X X 0 0 0 BRENDA DOMINQUEZ TREASURER (OUTGOING) 1.00 X X 0 0 0 ED SIVAK CORRESP. SECRETARY 1.00 X X 0 0 0 EDDIE ALICEA CORRESP. SECRETARY (OUTGOING) 1.00 X X 0 0 0 HANK HUBBARD DIRECTOR 1.00 X 0 0 0 JACK LAWSON DIRECTOR 1.00 X X 0 0 0 JACQUELINE MOORE DIRECTOR 1.00 X 0 0 0 JAMES HUNTER DIRECTOR 1.00 X 0 0 0 KATHY CHARTIER DIRECTOR 1.00 X 0 0 0 LUIS PASTOR DIRECTOR 1.00 X 0 0 0 MICHELE FRANQUI BAQUERO DIRECTOR 1.00 X 0 0 0 NEREIDA SEDA VARGAS DIRECTOR 1.00 X 0 0 0 PAUL WOODRUFF DIRECTOR 1.00 X 0 0 0 RICHARD ROMERO CHAIRMAN 1.00 X X 0 0 0 ROBIN ROMANO VICE CHAIRMAN 1.00 X X 0 0 0 SHASTA LEININGER DIRECTOR (OUTGOING) 1.00 X 0 0 0 CATHLEEN MAHON PRESIDENT/CEO 40.00 X 275471 0 23966 EBEN SHEAFFER CFO/CIO 40.00 X 225292 0 19296 PAMELA OWENS VICE PRESIDENT 40.00 X 153401 0 29991 ANDREA LALLY DIR. OF CREDIT UNION OP 40.00 X 109228 0 6158 ANN D SOLOMON SR VP STRATEGIC INITIATIVE 40.00 X 141033 0 19199 NEDA ARABSHAHI VP RESILIENCY & CLEAN ENERGY 40.00 X 130020 0 5970 PABLO DEFILIPPI SVP NETWORK DEVELOPMENT 40.00 X 196304 0 22307 PAVAN MAKHIJA CONTROLLER 40.00 X 144232 0 0 1374981 0 126887 12 0 1 0 TMR & ASSOCIATES 22 OTSEGO AVE NEW ROCHELLE NY 10804 CONSULTING 192651 1 1503125 6372654 7875779 INTEREST ON LOANS 522100 2919662 2919662 MEMBERSHIP DUES 522100 1428925 1428925 CONFERENCE FEES 522100 388729 388729 PUBLICATIONS 522100 134633 134633 CONTRACT SERVICE 522100 74990 74990 23677 23677 4970616 1348 1348 12847743 4970616 0 1348 X 391048 391048 727417 553418 139884 34115 2747618 2273889 437601 36128 36219 30005 6208 6 271600 219306 46470 5824 250605 199520 45273 5812 12734 12734 72408 72408 1274930 1190732 84198 1260 1260 158674 143877 14797 85784 85784 297830 270738 27092 109972 99039 10933 358049 358049 1471942 1471942 111465 50025 61440 60780 54906 5874 MORTGAGE SERVICE FEES 134193 127231 6962 MISCELLANEOUS 29789 19285 10504 8604317 7625196 897236 81885 1681938 4592674 13823998 19780888 678035 1412910 63831660 68756980 22329 46140 548646 290316 319770 258330 564328 505829 1040754 2268370 81962812 97622121 511879 611136 91175 778875 55304563 64892253 291645 1393052 56199262 67675316 X 21444881 22913497 4318669 7033308 25763550 29946805 81962812 97622121 4243426 -60171 0 X X 0 1 X 1 0 X 2251892 4042265 5290384 8247387 7875779 27707707 2251892 4042265 5290384 8247387 7875779 27707707 9490655 18217052 25018 27108 14312 25 1348 67811 60234 23677 83911 27859429 16649737 0.65390 0.68120 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: RECOVERY OF LOAN LOSSES - 2019 AMOUNT: $ 60,234. 2022 AMOUNT: $ 23,677. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 405088 177239 227849 143558 113077 30481 258330 LEASE LIABILITY 1393052 1393052 X 13013802 -60171 249907 189736 12824066 23677 23677 12847743 8830547 249907 -23677 226230 8604317 0 8604317 PART X, LINE 2: INCLUSIV BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022 AND 2021 IN ACCORDANCE WITH FASB ASC TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECOVERY OF LOAN LOSSES 23,677. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECOVERY OF LOAN LOSSES -23,677. 1 1199 SEIU FCU 498 7TH AVENUE NEW YORK NY 10018 133377275 501(C)(1) 20000 0 CREDIT UNION IMPACT CAPACITY BUILDING COOPERATIVA DE AHORRO Y CREDITO DE MAYAGUEZ PO BOX 416 42 CALLE DR BASORA S MAYAGUEZ PR 00680 660324225 501(C)(1) 7500 0 CREDIT UNION IMPACT CAPACITY BUILDING COOPERATIVA EDECOOP APT 11359 CAPARRA HEIGHTS STATION SAN JUAN PR 00922 660237447 501(C)(1) 13250 0 CREDIT UNION IMPACT CAPACITY BUILDING COOPERATIVA EMPLEADOS MUNICIPIO DE BAYAMON 20 CALLE DEGETAU BAYAMON PR 00961 660382729 501(C)(1) 13250 0 CREDIT UNION IMPACT CAPACITY BUILDING COOPERATIVA LA LOTERIA DE PR PO BOX 191832 SAN JUAN PR 00919 660197527 501(C)(1) 13250 0 CREDIT UNION IMPACT CAPACITY BUILDING COOPERATIVE CENTER FCU 2001 ASHBY AVENUE BERKELEY CA 94702 941252579 501(C)(1) 20000 0 CREDIT UNION IMPACT CAPACITY BUILDING COOPRATIVA AUTORIDAD CARRETERAS Y OBRAS PUBLICAS PO BOX 41087 COOPACOP SAN JUAN PR 00940 660211877 501(C)(1) 13250 0 CREDIT UNION IMPACT CAPACITY BUILDING FLORIDA A&M UNIVERSITY FEDERAL CREDIT UNION 1610 S MONROE STREET TALLAHASSEE FL 32301 590696281 501(C)(1) 20000 0 CREDIT UNION IMPACT CAPACITY BUILDING HEART O' TEXAS FEDERAL CREDIT UNION 7500 IMPERIAL DR WACO TX 76712 741279922 501(C)(1) 12500 0 CREDIT UNION IMPACT CAPACITY BUILDING LANAI FEDERAL CREDIT UNION 816 ILIMA AVENUE PO BOX 631377 LANAI HI 96763 990091075 501(C)(1) 13250 0 CREDIT UNION IMPACT CAPACITY BUILDING METROPOLOTAN TEACHERS CREIDT UNION 1605 JEFFERSON STREET NASHVILLE TN 37208 620638727 501(C)(1) 13250 0 CREDIT UNION IMPACT CAPACITY BUILDING MID ISLAND FEDERAL CU 4366 PETERS REST CHRISTIANSTED VI 00820 660388304 501(C)(1) 13250 0 CREDIT UNION IMPACT CAPACITY BUILDING MOUNT JEZREEL FEDERAL CREDIT UNION 420 UNIVERSITY BLVD E SILVER SPRING MD 20901 800671496 501(C)(1) 13250 0 CREDIT UNION IMPACT CAPACITY BUILDING NUL FEDERAL CREDIT UNION 80 PINE STREET 9TH FLOOR NEW YORK NY 10005 133576589 501(C)(1) 13250 0 CREDIT UNION IMPACT CAPACITY BUILDING NEW COMMUNITY FCU 274 S ORANGE AVENUE NEWARK NJ 07103 060759505 501(C)(1) 13250 0 CREDIT UNION IMPACT CAPACITY BUILDING NEW ORLEANS FIREMEN'S FCU PO BOX 689 METAIRIE LA 70004 720444318 501(C)(1) 7500 0 CREDIT UNION IMPACT CAPACITY BUILDING PARAMOUNT BAPTIST CHURCH FCU 3924 4TH ST SE WASHINGTON DC 20032 237376612 501(C)(1) 13250 0 CREDIT UNION IMPACT CAPACITY BUILDING ST TAMMY SCHOOL PERSONEL FCU PO BOX 592 LACOMBE LA 70445 720680376 501(C)(1) 13250 0 CREDIT UNION IMPACT CAPACITY BUILDING SYRACUSE COOPERATIVE FCU 723 WESTCOTT ST SYRACUSE NY 13210 222395897 501(C)(1) 20000 0 CREDIT UNION IMPACT CAPACITY BUILDING TOLEDO METRO FEDERAL CREDIT UNION 1212 ADAMS ST TOLEDO OH 43604 344451121 501(C)(1) 17000 0 CREDIT UNION IMPACT CAPACITY BUILDING UNIVERSAL COOP FEDERAL CU 14 CALLE PIMENTEL RIO GRANDE PR 00745 660609013 501(C)(1) 13250 0 CREDIT UNION IMPACT CAPACITY BUILDING VITELCO EMPLOYEES FCU PO BOX 303920 SAINT THOMAS VI 00803 660405492 501(C)(1) 12750 0 CREDIT UNION IMPACT CAPACITY BUILDING 28 PART I, LINE 2: ASSISTANCE AGREEMENTS ARE EXECUTED WITH RECIPIENT ORGANIZATIONS. THE AGREEMENTS REQUIRE PERIODIC REPORTING AND, TYPICALLY, MILESTONE ACHIEVEMENTS FOR DISBURSEMENT OF FUNDS. X X X X 0 0 0 0 0 0 0 0 0 CATHLEEN MAHON PRESIDENT/CEO 275471 0 0 0 0 0 14257 0 9709 0 299437 0 0 0 EBEN SHEAFFER CFO/CIO 225292 0 0 0 0 0 11791 0 7505 0 244588 0 0 0 PABLO DEFILIPPI SVP NETWORK DEVELOPMENT 196304 0 0 0 0 0 10600 0 11707 0 218611 0 0 0 PAMELA OWENS VICE PRESIDENT 153401 0 0 0 0 0 8162 0 21829 0 183392 0 0 0 ANN D SOLOMON SR VP STRATEGIC INITIATIVE 141033 0 0 0 0 0 7685 0 11514 0 160232 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTANT. THE BOARD IS MADE UP OF 15 MEMBERS AND INCLUDES A DESIGNATED FINANCE COMMITTEE WITHIN THESE MEMBERS. IT IS A PRACTICE OF THE ORGANIZATION TO SEND THE FINANCE COMMITTEE THE TAX RETURN TO REVIEW BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED ANNUALLY TO COMPLETE AND SIGN A CONFLICT OF INTEREST POLICY DISCLOSURE FORM, WHICH IS THEN REVIEWED BY THE BOARD OF DIRECTORS EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15A OFFICERS AND MANAGEMENT OFFICIALS COMPENSATION IS DETERMINED BY BOARD COMMITTEE IN CONJUNCTION WITH INDEPENDENT COMPENSATION SURVEYS. THERE IS A DEDICATED BOARD COMMITTEE THAT DETERMINES THE CEO COMPENSATION AND THAT COMMITTEE TESTS THE LABOR MARKET FOR COMPARABLE COMPENSATION BY USING INDEPENDENT SURVEY DATA. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROFF FEES: PROGRAM SERVICE EXPENSES 761,665. MANAGEMENT AND GENERAL EXPENSES 63,961. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 825,626. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 429,067. MANAGEMENT AND GENERAL EXPENSES 20,237. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 449,304. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CDCU MORTGAGE CENTER LLC 39 BROADWAY SUITE 2140 NEW YORK NY 10006 260379173 PURCHASING MORTGAGES FROM MEMBER CREDIT UNIONS NY 1154273 31851066 NATIONAL FEDERATION OF COMMUNITY DEVELOPMENT CREDIT UNION INCLUSIV SECONDARY CAPITAL FUND LLC 39 BROADWAY SUITE 2140 NEW YORK NY 10006 MAKING SECONDARY CAPITAL LOANS TO INCLUSIV MEMBER CREDIT UNIONS NY 1162781 29929068 NATIONAL FEDERATION OF COMMUNITY DEVELOPMENT CREDIT UNION