2023-07-13T10:40:21-05:00 2022-12-31 540504608 BROWN EDWARDS & COMPANY LLP 3906 ELECTRIC ROAD ROANOKE VA 24018 990 2022-01-01 462815132 APPALACHIAN COMMUNITY CAPITAL CORPORATION APPA 2027793083 110 PEPPERS FERRY ROAD NW CHRISTIANSBURG VA 24073 DONNA GAMBRELL PRESIDENT & CEO 5402603503 2023-06-09 1 DONNA GAMBRELL XXX-XX-XXXX 0 PATRICK PITTMAN P00587461 5403450936 2023-06-09 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z DONNA GAMBRELL 110 PEPPERS FERRY ROAD NW CHRISTIANSBURG VA 24073 2051370 0 X WWW.APPALACHIANCOMMUNITYCAPITALCDFI.ORG X 2013 VA AID COMMUNITY AND ECONOMIC DEVELOPMENT IN APPALACHIA. 8 7 1 0 0 0 1651158 1541059 0 0 534967 505311 0 5000 2186125 2051370 0 0 0 0 231607 277524 0 0 0 1534387 1415540 1765994 1693064 420131 358306 27470921 28945608 22725741 24157185 4745180 4788423 X APPALACHIAN COMMUNITY CAPITAL'S (ACC) MISSION IS TO INCREASE SMALL BUSINESS LENDING BY PROVIDING APPALACHIAN MEMBER INSTITUTIONS THAT SERVE UNDERSERVED PEOPLE AND COMMUNITIES WITH NEW SOURCES OF CAPITAL. OUR WORK ENABLES RELIABLE AND SUFFICIENT CAPITAL FOR ALL OF ITS MEMBERS, LEADING TO A GROWING ECONOMY, INCREASED ENTREPRENEURSHIP, HIGHER QUALITY JOBS, AND INCREASED LOCAL WEALTH IN THE APPALACHIAN REGION. 0 0 1534069 5000 ACC AND ITS MEMBERS CONTINUE TO SUPPORT THE CREDIT NEEDS OF SMALL BUSINESSES IN APPALACHIA. FROM 2015, WHEN ACC FIRST BEGAN LENDING, THROUGH DECEMBER 31, 2022, MEMBERS REPORTED THAT THEY HAD USED ACC PROCEEDS TO MAKE 121 SMALL BUSINESS LOANS RANGING FROM $10,000 TO $3 MILLION, 78 (OR 64%) OF WHICH WERE TO MINORITY- OR WOMEN-OWNED BUSINESSES. MEMBERS REPORT THAT THE SMALL BUSINESSES THEY FINANCED HAVE HELPED TO CREATE OR RETAIN 2,736 JOBS, 43 PERCENT OF WHICH ARE OCCUPIED BY LOW-INCOME PEOPLE. ACC ALSO LED OPPORTUNITY APPALACHIA, AN INITIATIVE FUNDED, IN PART, BY THE APPALACHIAN REGIONAL COMMISSION TO HELP LOCAL PARTNERS ACROSS THE REGION OBTAIN ADVISORY SERVICES AND DEVELOP SOPHISTICATED INVESTMENT PROSPECTUS GEARED TOWARD PROSPECTIVE INVESTORS. UNDER PHASE 1 (2020-21) AND PHASE 2 (2022-24) 58 PROJECTS HAVE RECEIVED/ARE RECEIVING TECHNICAL ASSISTANCE IN THE STRUCTURING OF PROJECT FINANCING, MARKET RESEARCH, OPERATIONS PLANNING, INVESTOR OUTREACH AND OTHER SUPPORT. SEVERAL PROJECTS HAVE ALREADY RECEIVED FINANCING. 1534069 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 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 1 19 0 1 1 1 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X DONNA GAMBRELL 5402603503 110 PEPPERS FERRY ROAD NW CHRISTIANSBURG VA 24073 CLINTON B GWIN CHAIR 3.00 X X 0 0 0 MARTEN JENKINS TREASURER 3.00 X X 0 0 0 LORI CHATMAN SECRETARY 3.00 X X 0 0 0 CLYDE CORNETT DIRECTOR 3.00 X 0 0 0 GRACE FRICKS DIRECTOR 3.00 X 0 0 0 RAY CHRISTMAN DIRECTOR 3.00 X 0 0 0 MATT RAKER DIRECTOR 3.00 X 0 0 0 NEILL S WRIGHT DIRECTOR 3.00 X 0 0 0 DONNA GAMBRELL PRESIDENT & CEO 40.00 X X 264100 0 0 264100 0 0 1 0 1 0 0 1541059 1541059 505311 505311 OTHER INCOME 522291 5000 5000 5000 2051370 5000 0 505311 X 264100 224485 39615 13424 11410 2014 8121 6903 1218 33141 28170 4971 664626 564932 99694 502 427 75 7500 6375 1125 4494 3820 674 497102 497102 580 493 87 4427 3763 664 PROVISION FOR LOAN LOSS 70095 70095 LOAN EXPENSE 45900 45900 DATA PROCESSING 45739 38878 6861 DONATIONS 20000 20000 13313 11316 1997 1693064 1534069 158995 0 11098547 7902012 349906 470185 15967101 20520382 11356 4189 3049 1581 91 1468 43920 47372 27470921 28945608 120385 208560 3354000 2013101 19250000 21933055 1356 2469 22725741 24157185 X 1758180 1801423 2987000 2987000 4745180 4788423 27470921 28945608 X 358306 -315063 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3049 1581 1468 1468 PAYROLL TAX LIABILITIES 2469 2469 PART X, LINE 2: THE COMPANY IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS AND HAS NOT ACCRUED ANY EXPENSE FOR THE EFFECT OF AN UNCERTAIN TAX POSITION AS OF DECEMBER 31, 2022. TAX YEARS BEGINNING IN 2017 ARE OPEN TO EXAMINATION BY TAXING AUTHORITIES. X 0 0 0 0 0 0 0 0 0 DONNA GAMBRELL PRESIDENT & CEO 228200 0 35900 0 0 0 0 0 0 0 264100 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE COMPLETED 990 WILL BE PROVIDED TO THE BOARD PRIOR TO THE FILING DEADLINE. THE RETURN WILL BE REVIEWED AND SIGNED BY THE PRESIDENT & CEO, WHO IS ENTRUSTED BY THE BOARD FOR HER REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THERE IS A FORMAL QUESTIONNAIRE ANNUALLY TO DISCLOSE ANY CONFLICTS OF INTEREST. THE PROCESS HAS BEEN DESIGNED TO ACCOMMODATE ALL PRESENT CONFLICT OF INTEREST ISSUES. ANY PERSON WITH A POTENTIAL CONFLICT OF INTEREST RECUSES THEMSELVES FROM ALL DISCUSSION AND OR VOTE ON THE MATTER IN QUESTION. ADDITIONALLY, LENDING DECISIONS ARE MADE BY INDEPENDENT MEMBERS. FORM 990, PART VI, SECTION B, LINE 15A IN ORDER TO ENSURE REASONABLENESS, COMPENSATION IS BASED ON THE SALARY RANGES FOR ALL COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS ("CDFI") REPRESENTED, ADJUSTED FOR SIZE AND SCOPE. SALARIES ARE ULTIMATELY DETERMINED BY THE INDEPENDENT BOARD AND ALL DISCUSSIONS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 564,932. MANAGEMENT AND GENERAL EXPENSES 99,694. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 664,626. FORM 990, PART XI, LINE 9: REMOVE NET ASSETS OF APPALACHIAN COMMUNITY CAPITAL CORPORATION FOUNDATION -315,063. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE TO THE PROCESS. APPALACHIAN COMMUNITY CAPITAL DEVELOPMENT CORPORATION 110 PEPPERS FERRY ROAD NW CHRISTIANSBURG VA 24073 462827486 AID COMMUNITY/ECONOMIC DEVELOPMENT IN APPALACHIA VA 501(C)(3) LINE 12A, I APPALACHIAN COMMUNITY CAPITAL CORPORATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0