2023-11-07T10:01:42-06:00 2023-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-07-01 222524015 NEW HAMPSHIRE COMMUNITY LOAN FUND INC NEWH 6032246669 7 WALL STREET CONCORD NH 03301 STEVE SALTZMAN PRESIDENT AND CEO 6032246669 2023-11-02 1 STEVE SALTZMAN XXX-XX-XXXX 1 MATTHEW MCGINNIS CPA P01585083 5083669100 2023-11-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEVE SALTZMAN 7 WALL STREET CONCORD NH 03301 14740663 0 X WWW.COMMUNITYLOANFUND.ORG X 1983 NH TRADITIONALLY UNDERSERVED PEOPLE TO ATTAIN AFFORDABLE HOMES, QUALITY JOBS AND CHILD CARE, AND BECOME FINANCIALLY INDEPENDENT. WE DO THIS BY PROVIDING LOANS, CAPITAL AND TECHNICAL ASSISTANCE;COMPLEMENTING AND EXTENDING THE REACH OF CONVENTIONAL LENDERS AND PUBLIC INSTITUTIONS; AND BRINGING PEOPLE AND INSTITUTIONS TOGETHER TO SOLVE PROBLEMS.ESTABLISHED IN 1983, THE COMMUNITY LOAN FUND WAS ONE OF THE FIRSTCOMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS IN THE NATION AND ISRECOGNIZED AS A NATIONAL LEADER FOR ITS INNOVATION, SOCIAL IMPACT,FINANCIAL STRENGTH AND PERFORMANCE. THE COMMUNITY LOAN FUND WAS THE 2009 RECIPIENT OF THE NEXT AWARD FOR OPPORTUNITY FINANCE, THE HIGHEST HONOR IN OUR FIELD. 16 15 58 15 0 0 4915040 3518824 10472885 10876065 189911 252142 264864 93632 15842700 14740663 56632 553124 0 0 4946939 5387653 0 0 449134 5926610 6340559 10930181 12281336 4912519 2459327 178821408 189182393 140279050 148233689 38542358 40948704 X TO SERVE AS A CATALYST, LEVERAGING FINANCIAL, HUMAN AND CIVIC RESOURCES TO ENABLE TRADITIONALLY UNDERSERVED PEOPLE TO ATTAIN AFFORDABLE HOMES, QUALITY JOBS AND CHILD CARE, AND BECOME FINANCIALLY INDEPENDENT. WE DO THIS BY PROVIDING LOANS, CAPITAL AND TECHNICAL ASSISTANCE; COMPLEMENTING AND EXTENDING THE REACH OF CONVENTIONAL LENDERS AND PUBLIC INSTITUTIONS; AND BRINGING PEOPLE AND INSTITUTIONS TOGETHER TO SOLVE PROBLEMS.ESTABLISHED IN 1983, THE COMMUNITY LOAN FUND WAS ONE OF THE FIRST COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS IN THE NATION AND IS RECOGNIZED AS A NATIONAL LEADER FOR ITS INNOVATION, SOCIAL IMPACT, FINANCIAL STRENGTH AND PERFORMANCE. THE COMMUNITY LOAN FUND WAS THE 2009 RECIPIENT OF THE NEXT AWARD FOR OPPORTUNITY FINANCE, THE HIGHEST HONOR IN OUR FIELD. 0 0 4865648 553124 10232084 AFFORDABLE HOUSING - SEE SCHEDULE O 4843530 CAPITALIZATION AND PHILANTHROPY - SEE SCHEDULE O 1007368 424938 BUSINESS FINANCE - SEE SCHEDULE O 217064 312675 SINCE 1984, OUR COMMUNITY SERVICES FINANCING HAS SUPPORTED ESSENTIALSERVICES, INCLUDING CENTER- AND HOME-BASED CHILD DEVELOPMENT SERVICES,BY HELPING NONPROFIT ORGANIZATIONS BUY, RENOVATE, OR BUILD FACILITIES.THE COMMUNITY LOAN FUND HAS MADE 133 COMMUNITY SERVICES LOANS TOTALINGOVER $36 MILLION. IN FY2023, THE COMMUNITY LOAN FUND MADE ONE COMMUNITYSERVICES LOAN FOR OVER $256,000. 217064 312675 10933610 1 1 0 1 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 552 0 1 58 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X BONNIE SCADOVA 6032246669 7 WALL STREET CONCORD NH 03301 STEVE SALTZMAN PRESIDENT & CEO 40.00 X X 211323 0 28955 BONNIE SCADOVA CHIEF FINANCIAL OFFICER 40.00 X 151958 0 24260 DEBRA MILLER EXEC VP STRATEGIC PARTNERSHIPS & PHILANTHROPY 40.00 X 131623 0 29167 SARAH MARCHANT CHIEF OF STAFF & VP OF ROC-NH 40.00 X 122928 0 22071 JENNIFER HOPKINS VICE PRESIDENT OF LENDING 40.00 X 117643 0 25626 TARA REARDON GOVERNMENT RELATIONS 40.00 X 122684 0 8227 MICHELLE TALWANI COMMUNITY RELATIONS DIRECTOR 40.00 X 101213 0 17019 BETSY MCNAMARA CHAIR 1.00 X X 0 0 0 KATHLEEN REARDON VICE CHAIR 1.00 X X 0 0 0 DON BRUEGGEMANN TREASURER 1.00 X X 0 0 0 KIM CAPEN VICE TREASURER 1.00 X X 0 0 0 PAULA ROGERS SECRETARY 1.00 X X 0 0 0 MICHAEL SWACK EMERITUS 1.00 X 0 0 0 ALI SEKOU MEMBER 1.00 X 0 0 0 ALLISON GRAPPONE MEMBER 1.00 X 0 0 0 MARK FICKLE MEMBER 1.00 X 0 0 0 JOSEPH GERAKOS MEMBER 1.00 X 0 0 0 LIZ LAROSE MEMBER 1.00 X 0 0 0 SID PRABHAKAR MEMBER 1.00 X 0 0 0 SHALIMAR ENCARNACION MEMBER 1.00 X 0 0 0 JIM KEROUAC MEMBER 1.00 X 0 0 0 PAM LAFLAMME MEMBER 1.00 X 0 0 0 KATE LUCZKO MEMBER (UNTIL 7/2022) 1.00 X 0 0 0 JANET ACKERMAN MEMBER (UNTIL 10/2022) 1.00 X 0 0 0 JAMIE RICHARDSON MEMBER (UNTIL 11/2022) 1.00 X 0 0 0 959372 0 155325 7 0 1 0 0 1955229 1563595 172676 3518824 INTEREST FROM LOANS 531390 10422640 10422640 LOAN RELATED FEES 531390 425074 425074 TRAINING AND OTHER FEES 531390 28351 28351 10876065 252142 252142 13000 0 13000 13000 13000 PROGRAM RELATED DEV. INVEST. 900099 80632 80632 80632 14740663 10969697 0 252142 542369 542369 10755 10755 453150 222463 195670 35017 3903397 3520210 157383 225804 196537 177819 11398 7320 515223 457554 27207 30462 319346 275392 25235 18719 39551 34319 4568 664 117100 81302 31222 4576 85735 85719 14 2 474322 380666 80419 13237 8253 8253 723980 544694 77018 102268 31231 20863 9063 1305 167093 87267 77921 1905 91040 81670 8055 1315 54821 51763 2668 390 3809429 3809429 266741 140824 123149 2768 115035 60150 53560 1325 LOAN LOSS PROVISION 174685 174685 STAFF TRAINING 97678 81579 14042 2057 TECHNICAL ASSISTANCE 83865 83865 12281336 10933610 898592 449134 7053293 14123354 917650 993131 623047 680746 144796 176118 6376635 2719765 3890092 3656870 12134117 2589240 154058413 166802934 0 160000 178821408 189182393 2023926 1991377 277053 204522 125311702 133388919 12666369 12648871 140279050 148233689 X 30167699 32771274 8374659 8177430 38542358 40948704 178821408 189182393 2459327 -52981 0 X X 0 1 X 1 1 1 X 6228444 2630489 2857705 4915040 2626783 19258461 6228444 2630489 2857705 4915040 2626783 19258461 941279 18317182 256565 325648 200388 189911 265142 1237654 20496115 51504480 0.89370 0.89800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2977 82758 85735 12195601 12281336 764067 191017 0 0 750424 696338 696509 764067 2907338 4361007 1100 250 58375 85735 145460 187606 174085 174127 191017 726835 1090253 150 17475 2977 20602 0 0 321461 321461 4958532 1959783 2998749 1096642 759982 336660 3656870 LOANS RECEIVABLE 162978600 C ROC USA 3351100 F OTHER PROGRAM-RELATED EQUITY INVESTMENTS 473234 F 166802934 EQUITY EQUIVALENTS PAYABLE 12100000 NON-RECOURSE PARTICIPATION 548871 12648871 X 10150444 -52981 -4537238 -4590219 14740663 0 14740663 7744098 0 7744098 4537238 4537238 12281336 PART X, LINE 2: THE COMMUNITY LOAN FUND ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE COMMUNITY LOAN FUND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS AT JUNE 30, 2023. THE COMMUNITY LOAN FUND'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GRANT EXPENSE -553,124. INTEREST EXPENSE -3,809,429. LOAN LOSS PROVISION -174,685. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS EXPENSE 553,124. INTEREST EXPENSE 3,809,429. LOAN LOSS PROVISION 174,685. 1 COLEBROOK HOMEOWNER'S COOPERATIVE INC 7 3RD STREET COLEBROOK NH 03576 461451456 90897 0 CONSULTING REGARDING DEMOLITION OF EXISTING MANUFACTURED HOMES WOODBURY COOPERATIVE INC 1338 WOODBURY AVE 108 PORTSMOUTH NH 03801 405028088 451471 0 SITE IMPROVEMENTS 1 2 IDA MATCHED SAVINGS GRANTS 2 10755 PART I, LINE 2: PROGRAM MANAGERS OVERSEE GRANT PROGRAMS AND MONITOR THE USE OF FUNDS BY GRANTEES THROUGH A VARIETY OF MEANS INCLUDING PERFORMANCE REPORTS, FINANCIAL REPORTS, INVOICES, PHOTOGRAPHY AND OTHER FORMS OF SUBSTANTIATING DOCUMENTATION. X X X X 0 0 0 0 0 0 0 0 0 STEVE SALTZMAN PRESIDENT & CEO 202839 0 8484 0 0 0 10689 0 18266 0 240278 0 0 0 BONNIE SCADOVA CHIEF FINANCIAL OFFICER 144708 0 7250 0 0 0 7868 0 16392 0 176218 0 0 0 DEBRA MILLER EXEC VP STRATEGIC PARTNERSHIPS & PHI 124373 0 7250 0 0 0 6901 0 22266 0 160790 0 0 0 X 3 19460 FMV X NON-CASH GRANT 0 153216 0 1 0 FORM 990, PART III, LINE 4A: THREE COMMUNITY LOAN FUND PROGRAMS ADDRESS N.H.'S NEED FOR HOUSING FOR WORKING FAMILIES, SENIORS, AND FAMILIES WITH LOW INCOMES. 1. ROC-NH PROVIDES LOANS, ALONG WITH EDUCATIONAL AND TECHNICAL ASSISTANCE, TO BUILD LONG-TERM VALUE AND SECURITY FOR RESIDENTS OF N.H.'S MANUFACTURED-HOME COMMUNITIES BY HELPING THEM PURCHASE, MANAGE, AND IMPROVE THEIR COMMUNITIES AS COOPERATIVE CORPORATIONS. AS OF JUNE 30, 2023, 147 RESIDENT-OWNED COMMUNITIES IN N.H. WERE HOME TO 8,855 (PRIMARILY LOW-INCOME) HOUSEHOLDS. DURING FISCAL YEAR 2023, THE COMMUNITY LOAN FUND MADE 25 LOANS TOTALING OVER $12.75 MILLION. IN DOING SO, IT PRESERVED 188 HOUSING UNITS AND PROVIDED 17,076 HOURS OF TECHNICAL ASSISTANCE TO RESIDENT-OWNED COMMUNITIES. 2. BECAUSE THEY ARE RELATIVELY AFFORDABLE AND AVAILABLE IN RURAL COMMUNITIES, MANUFACTURED HOMES ARE, FOR SOME N.H. FAMILIES, THE HOUSING OPTION OF LAST RESORT. THEY ALSO PROVIDE AN AFFORDABLE OPTION FOR OLDER COUPLES WHO ARE DOWNSIZING, YOUNG COUPLES BEGINNING FAMILIES, AND ADULTS WITH DISABILITIES WHO WISH TO LIVE INDEPENDENTLY. THE COMMUNITY LOAN FUND'S WELCOME HOME LOANS PROVIDE REAL FIXED-RATE MORTGAGE PRODUCTS FOR BUYERS OF MANUFACTURED HOMES WHO OWN THE LAND THE HOUSE WILL OCCUPY, OR WHO HAVE SECURED THE LAND THROUGH COOPERATIVE OWNERSHIP. THE GREAT MAJORITY OF THESE BUYERS DON'T HAVE ACCESS TO CONVENTIONAL MORTGAGE LOANS OR LACK THE SAVINGS FOR DOWN PAYMENT AND CLOSING COSTS. IN MAKING 1,874 LOANS TOTALING MORE THAN $95 MILLION SINCE 2002, WELCOME HOME LOANS HAVE SHOWN THESE BORROWERS TO BE BETTER-THAN-AVERAGE RISKS, WITH A CUMULATIVE LOSS RATE OF JUST 2.64%. DURING FY2023, WELCOME HOME LOANS PROVIDED $11.214 MILLION IN FINANCING TO 101 BORROWERS. INCLUDED IN THAT NUMBER ARE HOMEOWNER ASSISTANCE LOANS TO HELP BUYERS WITH LOW INCOMES COVER CLOSING COSTS FOR NEW HOMES, OR PURCHASE EXISTING HOMES. IN 2009, OUR WELCOME (THEN CALLED COOPERATIVE) HOME LOANS EARNED THE COMMUNITY LOAN FUND THE HIGHEST HONOR GIVEN TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS: THE NEXT AWARD FOR OPPORTUNITY FINANCE. THE PROGRAM'S STRONG PERFORMANCE HAS ALSO ATTRACTED OTHER CONVENTIONAL RESIDENTIAL LENDERS, INCLUDING USDA, NH HOUSING FINANCE AUTHORITY AND FANNIE MAE, TO THIS EMERGING MARKET. 3. THE MULTI-FAMILY HOUSING PROGRAM PROVIDES LOANS AND TECHNICAL ASSISTANCE TO NONPROFIT HOUSING DEVELOPMENT ORGANIZATIONS, WITH THE GOALS OF EXPANDING N.H.'S SUPPLY OF INCREASINGLY SCARCE AFFORDABLE HOUSING AND KEEPING IT PERMANENTLY AFFORDABLE. SINCE 1989, THE COMMUNITY LOAN FUND HAS MADE 191 LOANS TOTALING NEARLY $36 MILLION, RESULTING IN THE CREATION OR PRESERVATION OF 1,978 AFFORDABLE APARTMENTS VALUED AT OVER $273 MILLION. IN FY 2023, THE COMMUNITY LOAN FUND MADE ONE COMMUNITY HOUSING LOAN TOTALING $375,000. MULTI-FAMILY HOUSING HAS ALSO HELPED CREATE AND NURTURE A NOW-MATURE NETWORK OF NONPROFIT DEVELOPERS, WHILE ASSISTING COMMUNITY GROUPS TACKLING THEIR FIRST PROJECTS, TO CREATE CAPACITY IN ONE OF THE LEAST-AFFORDABLE STATES IN THE NATION. FORM 990, PART III, LINE 4B: THE COMMUNITY LOAN FUND IS ROOTED IN TWO BELIEFS: THE FIRST IS THAT SOME FINANCIAL OBSTACLES PEOPLE FACE ARE NOT DUE SOLELY TO LOW INCOMES, BUT ALSO TO LACK OF CREDIT. THE SECOND IS THAT MANY PEOPLE WITH CAPITAL WILL INVEST IN BASIC HUMAN NEEDS IF THERE IS A WAY TO DO SO. THE PHILANTHROPY PROGRAM WORKS ON THE SECOND PART OF THAT EQUATION. IT SEEKS TO MAKE ITS OPPORTUNITY NH INVESTMENTS A CONDUIT THROUGH WHICH PEOPLE, ORGANIZATIONS, FOUNDATIONS, AND CORPORATIONS SAFELY AND SECURELY INVEST IN N.H.'S PEOPLE AND COMMUNITIES. THE COMMUNITY LOAN FUND IS A RARITY AMONG COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS IN ACCEPTING INVESTMENTS IN THE FORM OF UNSECURED LOANS FROM PRIVATE INDIVIDUALS, AS WELL AS FROM INSTITUTIONS LARGE AND SMALL. INVESTMENTS ARRIVE FROM RETIREES AND COMMUNITY CHURCH GROUPS, ALL THE WAY UP TO NATIONAL FOUNDATIONS. A ROBUST EQUITY POOL HELPS THE COMMUNITY LOAN FUND MAINTAIN A 100% REPAYMENT RECORD TO ITS INVESTORS. IT'S THE "SHOCK ABSORBER" THAT CUSHIONS THEIR MONEY AGAINST THE RARE LOAN THAT ISN'T REPAID. INVESTMENTS IN THE COMMUNITY LOAN FUND RANGE FROM $1,000 TO $7.5 MILLION. THE PHILANTHROPY PROGRAM BROUGHT IN $19.2 MILLION FROM 29 NEW INVESTMENTS IN FY2023, BRINGING THE NUMBER OF CURRENT INVESTORS TO 675. FORM 990, PART III, LINE 4C: THE COMMUNITY LOAN FUND OFFERS FINANCING FOR ESTABLISHED BUSINESSES RANGING FROM SELF-EMPLOYED ENTREPRENEURS TO HIGH-GROWTH, HIGH-MARGIN COMPANIES. SINCE 1984, OUR BUSINESS FINANCE PROGRAM HAS PROVIDED LOANS, INVESTMENTS, AND COACHING TO SUPPORT THE GROWTH AND RESILIENCE OF SMALL BUSINESSES AND THEIR ABILITY TO PROVIDE QUALITY JOBS. RECENT YEARS HAVE BROUGHT A SPECIAL FOCUS ON FARM AND FOOD-RELATED COMPANIES AND THOSE OWNED BY ENTREPRENEURS OF COLOR BECAUSE OF THEIR DIFFICULTY SECURING CONVENTIONAL FINANCING. SINCE 1996, OUR BUSINESS FINANCE TEAM HAS MADE 761 INVESTMENTS AND LOANS, TOTALING OVER $40.1 MILLION AND PRESERVING OR CREATING 2,560 JOBS. IN FY 2023, OUR BUSINESS FINANCE TEAM PROVIDED MORE THAN $2.5 MILLION IN FINANCING TO 11 BUSINESSES, CREATING OR PRESERVING 33 JOBS. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED IN JUNE 2023 TO COMBINE SEPARATE COMMERCIAL LOAN AND SMALL BUSINESS CREDIT COMMITTEES INTO ONE CREDIT COMMITTEE. THE NEW CREDIT COMMITTEE REVIEWS ROC-NH AND BUSINESS AND COMMUNITY COMMERCIAL LOANS AS PRESENTED BY STAFF UNDER THE COMMITTEE'S AUTHORITY, AS DELINEATED IN THE FINANCING POLICY WHICH IS APPROVED BY THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY STAFF AND THE AUDIT FIRM. BEFORE FILING WITH THE IRS, A DRAFT OF THE COMPLETED FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND IS REVIEWED IN DETAIL BY THE FINANCE COMMITTEE WITH QUESTIONS ADDRESSED AND RESOLVED BY THE AUDIT FIRM. THE FINANCE COMMITTEE VOTES TO ACCEPT THE FORM 990, AND MINUTES OF THE COMMITTEE MEETING ARE PRODUCED TO DOCUMENT THE REVIEW AND THE VOTE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES EMPLOYEES AND BOARD MEMBERS TO COMPLETE ANNUAL CONFLICT OF INTEREST SURVEYS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DATA REGARDING THE TWO TOP EXECUTIVE POSITIONS WAS GATHERED NATIONALLY, REGIONALLY AND LOCALLY. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWED THE COMPENSATION WITH ASSISTANCE FROM THE CHIEF OF STAFF. AFTER A REVIEW OF THE DATA AND DISCUSSION BY THE EXECUTIVE COMMITTEE, IT WAS DETERMINED THAT BOTH POSITIONS ARE IN A REASONABLE RANGE WITH THE DATA REVIEWED AND THAT THE COMPENSATION FOR THE TWO POSITIONS IS APPROPRIATE. COPIES OF COMPARABILITY DATA ANALYSIS ARE ON FILE, AND RECORDS OF THE EXECUTIVE COMMITTEE MEETING ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE COMMUNITY LOAN FUND'S FORM 990, YEAR-END AUDITED FINANCIAL STATEMENTS AND ANNUAL REPORTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND ARE POSTED ON THE ORGANIZATION'S WEBSITE FOR PUBLIC NSPECTION. BYLAWS AND CONFLICT OF INTEREST POLICIES ARE ALSO AVAILABLE TO THE PUBLIC UPON REQUEST. THIS IS STATED ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XII, LINE 2C: THE COMMUNITY LOAN FUND'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF INDEPENDENT ACCOUNTANTS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART IV, LINE 26 AND PART VI-A, LINE 1B: THE COMMUNITY LOAN FUND'S BYLAWS REQUIRE THE BOARD OF DIRECTORS TO INCLUDE REPRESENTATIVES OF BORROWER ORGANIZATIONS AND INVESTORS AMONG ITS MEMBERSHIP. DONATIONS AND INVESTMENTS ARE ACCEPTED FROM EMPLOYEES, FROM INDIVIDUAL BOARD MEMBERS, OR FROM ORGANIZATIONS OF WHICH CURRENT AND FORMER MEMBERS ARE SIGNIFICANT EMPLOYEES OR BOARD MEMBERS. ALL TRANSACTION DECISIONS FOLLOW STANDARD POLICIES AND PROCEDURES INCLUDING THOSE COVERING CONFLICT OF INTEREST. TWO MEMBERS OF THE BOARD OF DIRECTORS OR THEIR FAMILY MEMBERS HAVE PROVIDED INVESTMENTS TOTALING $368,741 TO THE COMMUNITY LOAN FUND, AND NINE EMPLOYEES HAVE PROVIDED INVESTMENTS OR HAVE FAMILY MEMBERS WHO HAVE PROVIDED INVESTMENTS TOTALING $155,823. BOARD MEMBERS AND STAFF ARE TYPICALLY DONORS TO THE COMMUNITY LOAN FUND. DONATIONS AND INVESTMENTS ARE ACCEPTED FROM EMPLOYEES, FROM INDIVIDUAL BOARD MEMBERS, OR FROM ORGANIZATIONS WITH WHICH CURRENT AND FORMER EMPLOYEES AND BOARD MEMBERS ARE EMPLOYED OR ASSOCIATED. THE TRANSACTIONS ARE PART OF THE COMMUNITY LOAN FUND'S NORMAL COURSE OF BUSINESS AND ARE OPEN TO THE PUBLIC AT LARGE.