2023-08-29T10:22:22-05:00 2022-12-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2022-01-01 364369806 PARTNERS FOR THE COMMON GOOD PART 2026898936 1201 15TH STREET NW 200 WASHINGTON DC 20005 JEANNINE JACOKES CEO 2026898936 2023-08-24 1 JEANNINE JACOKES 999009999 0 LORI ROTHE YOKOBOSKY CPA P01273422 2122970400 2023-08-24 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JEANNINE JACOKES 1201 15TH STREET NW 200 WASHINGTON DC 20005 4545634 0 X WWW.PCGLOANFUND.ORG X 2000 IL PROVIDING COMMUNITY DEVELOPMENT LOANS 10 10 16 10 0 0 3046777 1006776 3647930 3138420 56756 135254 306000 0 7057463 4280450 0 0 0 0 0 422839 0 0 290630 3275062 3152257 3275062 3575096 3782401 705354 56393023 60206337 36705181 39797902 19687842 20408435 OUR MISSION IS TO ADVANCE ECONOMIC JUSTICE AND OPPORTUNITY BY PARTNERING WITH ORGANIZATIONS WHO PROVIDE ACCESS TO CAPITAL FOR LOW INCOME PEOPLE AND COMMUNITIES. 0 0 1950034 2592878 PARTNERS FOR THE COMMON GOOD PROVIDES AN EFFECTIVE AND FISCALLY PRUDENT MECHANISM THROUGH WHICH INSTITUTIONAL INVESTORS CAN SUPPORT COMMUNITY DEVELOPMENT NATIONWIDE AND ABROAD. WE MOVE OUR ECONOMY FORWARD BY PROVIDING COMMUNITY DEVELOPMENT LOANS AND ENCOURAGING COMMUNITY ENGAGEMENT. 67688 CAPNEXUS - AN ONLINE TOOL FOR CDFIS, INVESTORS, AND OTHERS IN THE COMMUNITY DEVELOPMENT FINANCE FIELD TO CONNECT MISSION FOCUSED CAPITAL WITH COMMUNITY DEVELOPMENT PROJECTS. IT STRENGTHENS THE CAPACITY OF INSTITUTIONS AND THE INDUSTRY TO SERVE COMMUNITIES THAT NEED IT MOST. 167535 545542 NEW MARKETS TAX CREDITS - PARTNERS FOR THE COMMON GOOD PARTICIPATES IN THE NEW MARKETS CREDIT PROGRAM, AS AN EXTENSION OF LENDING DONE THROUGH OUR GENERAL LOAN FUND. THE NMTC ALLOWS PCG TO SIGNIFICANTLY INCREASE THE FLOW OF CAPITAL TO LOW INCOME COMMUNITIES BY PROVIDING A TAX INCENTIVE TO PRIVATE INVESTORS. 2185257 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 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 26 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X LARITA MIMMS 2026898936 1444 EYE STREET NW SUITE 201 WASHINGTON DC 20005 X AMIR KIRKWOOD DIRECTOR 2.00 0.00 X 0 0 0 BARBARA DREHER OUTGOING-BOARD OF DIRECTORS - SECRE 2.00 0.00 X X 0 0 0 DAN BETANCOURT BOARD OF DIRECTORS - CHAIR 2.00 0.00 X X 0 0 0 DAVID LANDIS DIRECTOR (UNTIL 9/2022) 2.00 0.00 X 0 0 0 JENNIFER NOVAK BOARD OF DIRECTORS - TREAS 2.00 0.00 X X 0 0 0 JIE WANG DIRECTOR - VICE CHAIRPERSO 2.00 0.00 X X 0 0 0 JOHN HOLDSCLAWIV DIRECTOR 2.00 0.00 X 0 0 0 KAREN KOLLIAS DIRECTOR 2.00 0.00 X 0 0 0 KIM LEVINE DIRECTOR 2.00 0.00 X 0 0 0 MARGUERITE O'BRIEN CSJ BOARD OF DIRECTORS - SECRETARY 2.00 0.00 X X 0 0 0 PATRICIA WITTBERG DIRECTOR 2.00 0.00 X 0 0 0 TABITHA DIRECTOR 2.00 0.00 X 0 0 0 JEANNINE JACOKES CEO 40.00 0.00 X 208551 0 35247 LARITA MIMMS CHIEF ACCOUNTING & ADMIN O 40.00 0.00 X 141967 0 37074 ANDREW S BALDWIN CHIEF LENDING AND CREDIT O 40.00 0.00 X 176919 0 19406 BARBARA YIADOM DIRECTOR OF PORTFOLIO MANAGEMENT 40.00 0.00 X 140180 0 19533 DORIAN BUTTS SENIOR LOAN OFFICER 40.00 0.00 X 120945 0 16863 GLORIA NAUDEN CHIEF MARKETING AND IMPACT OFFICER 40.00 0.00 X 134639 0 9595 923201 0 137718 6 0 1 0 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 AUDIT/TAX SERVICES 161625 JOHN BRAND - TEAMBRAND LLC 511 DUKE STREET ALEXANDRIA VA 22314 CONSULTING SERVICES 115580 2 690000 316776 1006776 LOAN PORTFOLIO INTERES 525990 2368643 2368643 FEE INCOME - LOAN PORT 525990 769777 769777 3138420 59656 59656 340782 265184 75598 75598 75598 4280450 3138420 0 135254 X 422839 212628 169136 41075 1217871 612415 487148 118308 11261 11261 162468 79149 56523 26796 405130 202851 133603 68676 91510 24909 65774 827 4519 1131 3346 42 131978 66366 52791 12821 35320 7014 18009 10297 14662 2912 7476 4274 967491 967491 15165 4324 10841 24057 24057 DUES AND SUBSCRIPTIONS 54445 21285 33160 LOAN WRITE-OFFS 51338 51338 0 0 COMPUTER REPAIR AND MAI 15783 0 15783 0 LOAN DISTRIBUTION FEES 13301 13301 0 0 -64042 -81857 10301 7514 3575096 2185257 1099209 290630 1765455 3196891 8946062 14164478 1680644 1357893 43118170 39434009 66276 52600 1803621 374470 51656 1429151 529826 545065 234934 26250 56393023 60206337 787638 1060706 35688128 38472749 229415 264447 36705181 39797902 X 18842842 19688435 845000 720000 19687842 20408435 56393023 60206337 705354 15239 0 X X 0 1 X 1 1 1 X 1542741 2639871 1182484 3046777 1006776 9418649 2906302 2209936 2970819 3647930 3138420 14873407 4449043 4849807 4153303 6694707 4145196 24292056 0 0 0 24292056 10238 21854 61699 56756 59656 210203 10238 21854 61699 56756 59656 210203 64108 306000 370108 4459281 4871661 4279110 7057463 4204852 24872367 0.97670 0.97820 0.00850 0.00650 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: RECOVERIES - 2020 AMOUNT: $ 64,108. OTHER REVENUE - 2021 AMOUNT: $ 306,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1803621 374470 1429151 1429151 ACCRUED INTEREST PAYABLE 264447 264447 X 4295689 15239 15239 4280450 0 4280450 3575096 0 3575096 0 3575096 PART X, LINE 2: PCG IS EXEMPT FROM INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. IN ADDITION, PCG HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICES TO BE A "QUALIFYING CHARITY" WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. PCG IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND PCG HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY PCG ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2019 REMAIN OPEN. X 0 0 0 0 0 0 0 0 0 JEANNINE JACOKES CEO 208551 0 0 0 0 0 21304 0 13943 0 243798 0 0 0 ANDREW S BALDWIN CHIEF LENDING AND CREDIT O 166919 0 10000 0 0 0 16286 0 3120 0 196325 0 0 0 LARITA MIMMS CHIEF ACCOUNTING & ADMIN O 131967 0 10000 0 0 0 11402 0 25672 0 179041 0 0 0 BARBARA YIADOM DIRECTOR OF PORTFOLIO MANAGEMENT 135680 0 4500 0 0 0 7740 0 11793 0 159713 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS INSTITUTIONAL MEMBERS APPOINTED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A PCG SHALL HAVE TWO CLASSES OF MEMBERS: PERMANENT MEMBERS AND TERM MEMBERS. ENTITIES ELIGIBLE FOR MEMBERSHIP IN THE CORPORATION ARE FAITH-BASED ORGANIZATIONS THAT: (1) ARE COMMITTED TO THE MISSION AND PURPOSES OF THIS CORPORATION; (2) ARE RELIGIOUS ORGANIZATIONS, OR ARE OWNED OR OTHERWISE CONTROLLED BY A RELIGIOUS AFFILIATED ORGANIZATION OF ANY DENOMINATION; AND (3) COMMIT TO FULFILL THE DUTIES AND RESPONSIBILITIES OF MEMBERSHIP AS MAY BE ESTABLISHED BY THE MEMBERS FROM TIME TO TIME. ALL MEMBERS SHALL HAVE EQUAL VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS SHALL BE ENTITLED TO VOTE ON THE FOLLOWING MATTERS: (A) ADOPTION OR AMENDMENT TO THE MISSION, PURPOSES AND PHILOSOPHY OF THIS CORPORATION AND ITS SUBSIDIARY CORPORATIONS, INCLUDING ANY CHANGE THAT WOULD RESULT IN REVOCATION OF ITS 501(C)(3) TAX EXEMPT STATUS; (B) ANY AMENDMENT OF THE ARTICLES OF INCORPORATION OR BYLAWS THAT AFFECTS THE ROLE, DUTIES OR VOTING RIGHTS OF THE MEMBERS; (C) MERGER OR CONSOLIDATION OF THIS CORPORATION INTO OR WITH ANOTHER ENTITY, AND THE DISSOLUTION OR OTHERWISE WRAPPING UP OF THE AFFAIRS OF THIS CORPORATION; (D) SALE, LEASE, EXCHANGE, MORTGAGE, PLEDGE, ENCUMBRANCE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL, OF THE ASSETS OF THIS CORPORATION; (E) EXCEPT AS OTHERWISE PROVIDED HEREIN, THE APPROVAL OF NEW MEMBERS OF THE CORPORATION; (F) DETERMINING THE ELIGIBILITY REQUIREMENTS AND CONDITIONS OF MEMBERSHIP IN THIS CORPORATION; AND (G) THE APPOINTMENT OR REMOVAL, WITH OR WITHOUT CAUSE, OF MEMBERS OF THE BOARD OF DIRECTORS OF THIS CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990- THE CHIEF ACCOUNTING AND ADMINISTRATIVE OFFICER WORKS WITH THE ACCOUNTING FIRM TO PREPARE THE 990. ONCE IT IS COMPLETED BY THE ACCOUNTING FIRM, IT IS RETURNED TO THE CAAO AND THE CHIEF EXECUTIVE OFFICER FOR REVIEW. THE RETURN IS THEN SUBMITTED BY MANAGEMENT TO THE FINANCE SUB-COMMITTEE OF THE BOARD OF DIRECTORS FOR APPROVAL. AFTER THE APPROVAL OF THE SUB-COMMITTEE, IT IS PASSED ON TO THE ENTIRE BOARD OF DIRECTORS, WITH A PRESENTATION FROM THE AUDIT FIRM. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY- THE POLICY IS MAINTAINED VIA THE GENERAL BEHAVIOR OF EMPLOYEES, AND THE ONGOING RELATIONSHIP BETWEEN THE CEO AND STAFF. OPEN COMMUNICATION IS ENCOURAGED. A SPECIFIC DISCUSSION WOULD OCCUR IN THE EVENT OF A SITUATION REQUIRING POLICY ENFORCEMENT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL- THE BOARD OF DIRECTORS PERFORMS AN ANNUAL REVIEW OF THE CHIEF EXECUTIVE OFFICER. ANY CHANGES TO COMPENSATION FOR THE CEO ARE IMPLEMENTED DURING THE ANNUAL BUDGETING PROCESS, WITH THE APPROVAL OF THE BOARD OF DIRECTORS. ANY CHANGES TO COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES ARE ALSO IMPLEMENTED DURING THE ANNUAL BUDGETING PROCESS, WITH THE APPROVAL OF THE CHIEF EXECUTIVE OFFICER. PERIODICALLY, THE CHIEF ACCOUNTING AND ADMINISTRATIVE OFFICER WILL RESEARCH SALARIES BASED ON THE INDUSTRY STANDARDS AND THE PRACTICES OF THE ORGANIZATION'S PEERS IN THE INDUSTRY. IN ADDITION, THE BOARD OF DIRECTORS MAY REQUEST THE SAME TYPE OF RESEARCH AND STATISTICS REGARDING THE COMPENSATION OF THE CEO. THE BOARD OF DIRECTORS APPROVES THE ANNUAL BUDGET, WHICH INCORPORATES ANY COMPENSATION CHANGES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION- AVAILABLE UPON REQUEST FOR BENEFIT OF INVESTORS. FORM 990, PARTS V, VII, IX, AND SCHEDULE J, PART II: PARTNERS FOR THE COMMON GOOD'S EMPLOYEES ARE PAID THROUGH RELATED ENTITY CHRISTIAN BROTHERS THROUGH AN ADMINISTRATIVE AGREEMENT. THE AMOUNTS NOTED FOR PARTS V, VII, IX, AND SCHEDULE J ARE BASED ON WHAT IS PAID BY CHRISTIAN BROTHERS AND REIMBURSED BY THE ORGANIZATION. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 202,851. MANAGEMENT AND GENERAL EXPENSES 133,603. FUNDRAISING EXPENSES 68,676. TOTAL EXPENSES 405,130. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT. PCG SUB CDE 1 1201 15TH STREET NW SUITE 200 WASHINGTON DC 20005 384023351 CDE DC N/A RELATED 20 535 0 1 0.00010 PCG SUB CDE 2 1201 15TH STREET NW SUITE 200 WASHINGTON DC 20005 300963502 CDE DC N/A RELATED 3 683 0 1 0.00010 PCG SUB CDE 3 1201 15TH STREET NW SUITE 200 WASHINGTON DC 20005 320515105 CDE DC N/A RELATED 14 584 0 1 0.00010 PCG SUB CDE 4 1201 15TH STREET NW SUITE 200 WASHINGTON DC 20005 352581768 CDE DC N/A RELATED 589 0 1 0.00010 PCG SUB CDE 5 1201 15TH STREET NW SUITE 200 WASHINGTON DC 20005 371846529 CDE DC N/A RELATED 538 0 1 0.00010 PCG SUB CDE 6 1201 15TH STREET NW SUITE 200 WASHINGTON DC 20005 320515576 CDE DC N/A RELATED 3 491 0 1 0.00010 PCG SUB CDE 7 1201 15TH STREET NW SUITE 200 WASHINGTON DC 20005 364856847 CDE DC N/A RELATED 1 590 0 1 0.00010 PCG SUB CDE 8 1201 15TH STREET NW SUITE 200 WASHINGTON DC 20005 320515956 CDE DC N/A RELATED 25 882 0 1 0.00010 PCG SUB CDE 9 1201 15TH STREET NW SUITE 200 WASHINGTON DC 20005 320431709 CDE DC N/A RELATED 2 743 0 1 0.00010 PCG SUB CDE 10 1201 15TH STREET NW SUITE 200 WASHINGTON DC 20005 852619497 CDE DC N/A RELATED 704 0 1 0.00010 PCG SUB CDE 11 1201 15TH STREET NW SUITE 200 WASHINGTON DC 20005 852640603 CDE DC N/A RELATED 1 694 0 1 0.00010 PCG SUB CDE 12 1201 15TH STREET NW SUITE 200 WASHINGTON DC 20005 852675252 CDE DC N/A RELATED 5 638 0 1 0.00010 PCG SUB CDE 13 1201 15TH STREET NW SUITE 200 WASHINGTON DC 20005 852704292 CDE DC N/A RELATED 1 696 0 1 0.00010 ECONOMIC JUSTICE PARTNERSHIP FUND LLC 1201 15TH STREET NW SUITE 200 WASHINGTON DC 20005 853649179 LENDING DC N/A RELATED -7062 430474 0 0 0.99990 CHRISTIAN BROTHERS 777 THIRD AVENUE NEW YORK NY 10017 PAYROLL NY N/A C 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 ECONOMIC JUSTICE PARTNERSHIP FUND D 451895 FMV