2023-11-15T16:38:22-06:00 2022-12-31 540504608 BROWN EDWARDS & COMPANY LLP 3906 ELECTRIC ROAD ROANOKE VA 24018 990 2022-01-01 863988949 LOCUS INC LOCU 5402603126 7814 CAROUSEL LANE SUITE 100 RICHMOND VA 23294 CLYDE A CORNETT JR CFO 5402603126 2023-11-15 1 CLYDE CORNETT JR 999009999 0 PATRICK PITTMAN P00587461 5403450936 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X CLYDE A CORNETT JR 110 PEPPERS FERRY ROAD NW CHRISTIANSBURG VA 24073 44482 0 X WWW.VACOMMUNITYCAPITAL.ORG X 2021 VA OUR MISSION IS TO OFFER INNOVATIVE, FLEXIBLE FINANCIAL PRODUCTS DESIGNED TO SUPPORT HOUSING AND COMMUNITY DEVELOPMENT VENTURES, INCREASE JOBS AND BUILD SUSTAINABLE COMMUNITIES. VCC OFFERS LOAN CAPITAL THAT IS BROADER THAN BANK LENDING TO PROJECTS THAT HAVE A POSITIVE IMPACT IN LOW TO MODERATE INCOME COMMUNITIES IN UNDERSERVED GEOGRAPHIES AND MARKETS. 13 11 0 0 0 0 0 0 0 0 8793 44482 0 0 8793 44482 0 0 0 0 0 0 0 0 0 600 4600 600 4600 8193 39882 52478901 102314462 0 1580985 52478901 100733477 OUR MISSION IS TO AIDE COMMUNITY AND ECONOMIC DEVELOPMENT INITIATIVES, EITHER DIRECTLY OR THROUGH INVESTMENTS IN SOCIAL ENTERPRISES THAT PROVIDE CAPITAL AND/OR TECHNICAL ASSISTANCE TO EARLY STAGE FOR-PROFIT AND NON-PROFIT BUSINESS ORGANIZATIONS AND COMMUNITY ORGANIZATIONS. 0 0 TO AIDE COMMUNITY AND ECONOMIC DEVELOPMENT INITIATIVES, EITHER DIRECTLY OR THROUGH INVESTMENTS IN SOCIAL ENTERPRISES THAT PROVIDE LOANS, LOAN GUARANTEES, OTHER FORMS OF DEBT OR EQUITY FINANCING FOR EARLY STAGE FOR-PROFIT AND NON-PROFIT BUSINESS ORGANIZATIONS, IMPACT ASSET SERVICING SERVICES AND GRANTS. ADDITIONALLY, THIS ORGANIZATION AND ITS SOCIAL ENTERPRISE SUBSIDIARIES MAY PROVIDE TECHNICAL ASSISTANCE TO BUSINESS OWNERS, COMMUNITY ORGANIZATIONS, CLIENTS AND MANAGERS IN THE EFFECTIVE OPERATION OF THEIR ENTERPRISE. 1 0 0 0 0 0 0 0 0 0 0 0 0 1 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 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 13 11 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X CLYDE A CORNETT JR 5402603126 110 PEPPERS FERRY ROAD NW CHRISTIANSBURG VA 24073 JANE HENDERSON PRESIDENT & CEO 24.00 16.00 X X 0 47092 0 KIMBERLY ARMSTRONG DIRECTOR 1.00 X 0 0 0 CATHY DOLAN DIRECTOR 1.00 X 0 0 0 ROBERT GILLIAM JR DIRECTOR 1.00 X 0 0 0 DIXON HANNA DIRECTOR 1.00 X 0 0 0 JAMES HARKNESS JR DIRECTOR 1.00 X 0 0 0 FLORENCE KINGSTON DIRECTOR 1.00 X 0 0 0 SHERRY MAGILL DIRECTOR 1.00 X 0 0 0 CHARLES MILLS III DIRECTOR 1.00 X 0 0 0 MARY DWYER PEMBROKE DIRECTOR 1.00 X 0 0 0 JACKIE PUENTE DIRECTOR 1.00 X 0 0 0 WILLIAM SHELTON DIRECTOR 1.00 X 0 0 0 CLYDE CORNETT JR EVP & CFO 24.00 16.00 X 0 238447 0 TAMMY JACKSON CHIEF HUMAN CAPITAL OFFICE 24.00 16.00 X 0 189137 0 WAYNE WALDROP PRESIDENT - LENDING 24.00 16.00 X 0 82399 0 WILLIAM GROVES SENIOR VICE PRESIDENT 24.00 16.00 X 0 241716 0 ADAM NORTHUP SENIOR VICE PRESIDENT 1.00 39.00 X 0 91494 0 DEB MARKLEY SENIOR VICE PRESIDENT 1.00 39.00 X 0 181132 0 AMIR KIRKWOOD PRESIDENT - VCC 20.00 20.00 X 0 286371 0 SARAH STREMLAU PRESIDENT - LOCUS 1.00 39.00 X 0 237515 0 LIBBA MCKINSLEY CHIEF OF STAFF 1.00 20.00 X 0 80784 0 CAROLINE NOWERY SENIOR VICE PRESIDENT - LO 1.00 20.00 X 0 158486 0 0 1834573 0 0 0 1 0 0 44482 44482 44482 0 0 44482 4600 4600 4600 0 4600 0 2342484 9956253 355 1109358 2386797 49027059 89971057 52478901 102314462 1750 0 1579235 0 1580985 X 43846834 90751169 8632067 9982308 52478901 100733477 52478901 102314462 X 39882 48214694 X X 0 1 X 1 0 X 0 8793 44482 53275 8793 44482 53275 8793 44482 53275 X 0 ACCRUED INTEREST RECEIVABLE 14191 INVESTMENT IN LOCUS IMPACT FUND 18946881 INVESTMENT IN LOCUS IMPACT INVESTING 4598755 INVESTMENT IN LOCUS BANK 65140228 RIGHT OF USE ASSET (NET) 1271002 89971057 LEASE LIABILITY 1579235 1579235 X X 0 0 0 0 0 0 0 0 0 AMIR KIRKWOOD PRESIDENT - VCC 0 286371 0 0 0 0 0 0 0 0 0 286371 0 0 WILLIAM GROVES SENIOR VICE PRESIDENT 0 241716 0 0 0 0 0 0 0 0 0 241716 0 0 CLYDE CORNETT JR EVP & CFO 0 238447 0 0 0 0 0 0 0 0 0 238447 0 0 SARAH STREMLAU PRESIDENT - LOCUS 0 237515 0 0 0 0 0 0 0 0 0 237515 0 0 TAMMY JACKSON CHIEF HUMAN CAPITAL OFFICE 0 189137 0 0 0 0 0 0 0 0 0 189137 0 0 DEB MARKLEY SENIOR VICE PRESIDENT 0 181132 0 0 0 0 0 0 0 0 0 181132 0 0 CAROLINE NOWERY SENIOR VICE PRESIDENT - LO 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 CONFLICTS OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN NET ASSETS FROM UNDISTRIBUTED INCOME OF BANK SUBSIDIARY 1,273,304. CHANGE IN NET ASSETS FROM UNDISTRIBUTED INCOME OF NON-BANK SUBSIDIARY 3,916,619. CHANGE IN ACCUMULATED OTHER COMPREHENSIVE LOSS -2,128,014. CAPITAL UPSTREAM FROM NON-BANK SUBSIDIARY 8,650,000. DIVIDENDS PAID ON SUBSIDIARY'S PREFERRED STOCK 0. DIVIDENDS PAID TO MINORITY SHAREHOLDERS ON SUBSIDIARY CLASS A STOCK -990. DIVIDENDS PAID TO MINORITY SHAREHOLDERS ON SUBSIDIARY CLASS B STOCK -200,648. NONCONTROLLING INTEREST IN SUBSIDIARY 44,938,255. PY NONCONTROLLING INTEREST IN SUBSIDIARY -8,233,832. FORM 990, PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM PY 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 INVESTING 7814 CAROUSEL LANE RICHMOND VA 23294 263114011 TO EMPOWER PLACE-FOCUSED INVESTMENT VA 501(C)(3) LINE 10 VCC SOCIAL ENTERPRISES 0 LOCUS FOUNDATION 100 WEST FRANKLIN STREET SUITE 200 RICHMOND VA 23220 814808731 TO SUPPORT AND AID COMMUNITY AND ECONOMIC DEVELOPMENT VA 501(C)(3) LINE 7 VCC SOCIAL ENTERPRISES 0 LOCUS IMPACT FUND INC 110 PEPPERS FERRY RD NW CHRISTIANSBURG VA 24073 541754009 TO SUPPORT AND AID COMMUNITY AND ECONOMIC DEVELOPMENT VA 501(C)(3) LINE 7 VCC SOCIAL ENTERPRISES 0 LOCUS BANK INC 110 PEPPERS FERRY ROAD NW CHRISTIANSBURG VA 20473 260719551 COMMUNITY DEVELOPMENT BANK VA VCC SOCIAL ENTERPRISES C 0.99670 0 LOCUS CAPITAL INC 110 PEPPERS FERRY ROAD NW CHRISTIANSBURG VA 20473 814812627 INVESTMENT ADVICE VA VCC SOCIAL ENTERPRISES C 1.00000 0 CCB REAL ESTATE HOLDINGS INC 7814 CAROUSEL LANE RICHMOND VA 23294 383943768 REAL ESTATE HOLDINGS VA VCC BANK C 1.00000 0 0 0 1 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 LOCUS IMPACT INVESTING C 8650000 CASH CONTRIBUTION LOCUS BANK INC F 201638 CASH DIVIDENDS