2022-05-16T11:27:09-05:00 2021-12-31 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2021-01-01 621823596 SOUTHEAST COMMUNITY CAPITAL CORPORATION D/B/A PATHWAY LENDING SOUT 6154257171 201 VENTURE CIRCLE NASHVILLE TN 37228 CLINT GWIN PRESIDENT 6152546113 2022-05-16 1 CLINT GWIN 999009999 FRANCES E LEAHY P00713593 6152427351 2022-05-13 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z CLINT GWIN 201 VENTURE CIRCLE NASHVILLE TN 37228 22664230 0 X WWW.PATHWAYLENDING.ORG X 1999 TN TO PROVIDE LENDING SOLUTIONS, EDUCATION AND SUPPORT SERVICES TO UNDERSERVED SMALL BUSINESSES. 8 5 63 10 42995 19532 12388380 12991152 7641018 9254600 348367 250416 36204 59287 20413969 22555455 5972746 3221128 0 0 5855901 6606131 0 0 129 6823738 3432952 18652385 13260211 1761584 9295244 190692663 264396878 156567942 220976913 34124721 43419965 X TO PROVIDE LENDING SOLUTIONS, EDUCATION AND SUPPORT SERVICES WHICH IMPACT THE DEVELOPMENT, GROWTH, AND PRESERVATION OF UNDERSERVED SMALL BUSINESSES, AFFORDABLE HOUSING, AND SUSTAINABLE COMMUNITIES. 0 0 10395388 3221128 9463322 LENDING PROGRAM: AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) CERTIFIED BY THE U.S. DEPARTMENT OF THE TREASURY, SOUTHEAST COMMUNITY CAPITAL DBA PATHWAY LENDING PROVIDES SMALL BUSINESS LOANS TO QUALIFIED SMALL AND DISADVANTAGED BUSINESSES THROUGH VARIOUS GOVERNMENT AND NON-PROFIT LENDING PROGRAMS, INCLUDING: U.S. SMALL BUSINESS ADMINISTRATION (SBA), U.S. TREASURY DEPARTMENT CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), THE APPALACHIAN REGIONAL COMMISSION (ARC), THE TENNESSEE RURAL OPPORTUNITY FUND, THE TENNESSEE ENERGY EFFICIENCY LOAN PROGRAM, THE TENNESSEE SMALL BUSINESS JOB OPPORTUNITY FUND AND THE ALABAMA SMALL BUSINESS JOB OPPORTUNITY FUND, ETC. WE FOCUS OUR ACTIVITIES ON UNDERSERVED TARGET MARKETS THAT INCLUDE BUSINESSES LOCATED IN QUALIFIED INVESTMENT AREAS (AS DEFINED BY LOW-INCOME CENSUS TRACTS, POVERTY RATES, AND UNEMPLOYMENT STATISTICS), AFRICAN-AMERICAN OWNED BUSINESSES, AND LOW-INCOME OWNED BUSINESSES. OUR SERVICE AREA INCLUDES TENNESSEE AND ALABAMA, AS WELL AS PORTIONS OF MISSISSIPPI, ARKANSAS, AND KENTUCKY.IN 2021, SOUTHEAST COMMUNITY CAPITAL CORPORATION ORIGINATED $57.7MM IN NEW LOANS, OF WHICH 74.4% OF LOANS BY NUMBER AND 83.8% OF LOANS BY DOLLAR ACTIVITY WERE IN QUALIFIED CDFI TARGET MARKETS. SOUTHEAST COMMUNITY CAPITAL CORPORATION MADE 330 LOANS AND LINES OF CREDIT, INCLUDING 196 PPP TOTALING MORE THAN $34MM TO SUPPORT THE CREATION, PRESERVATION, AND GROWTH OF SMALL BUSINESSES, 11 LOANS TOTALING OVER $20.5MM TO SUPPORT AFFORDABLE HOUSING, AND 19 LOANS TOTALING APPROXIMATELY $3.1MM TO SUPPORT THE IMPLEMENTATION OF ENERGY EFFICIENCY AND RENEWABLE ENERGY PROJECTS AT BUSINESSES ACROSS TENNESSEE. TOTAL ANNUAL ENERGY SAVINGS FROM THE ENERGY LOANS WERE $202,540 WITH 1,930,184 KWH SAVED. 2007261 41694 EDUCATIONAL PROGRAM: SOUTHEAST COMMUNITY CAPITAL CORPORATION PROVIDES BUSINESS EDUCATION AND TECHNICAL ASSISTANCE TO SMALL AND DISADVANTAGED BUSINESSES THROUGH VARIOUS GOVERNMENT AND NON-PROFIT SUPPORT PROGRAMS, INCLUDING: THE U.S. SMALL BUSINESS ADMINISTRATION, THE METROPOLITAN DEVELOPMENT HOUSING AGENCY AND VARIOUS FOUNDATIONS. SOUTHEAST COMMUNITY CAPITAL CORPORATION PROVIDES THIS THROUGH VARIOUS INTERNAL PROGRAMS, SUCH AS THE PATHWAY LENDING BUSINESS ADVISORY SERVICES TEAM, WOMEN'S BUSINESS CENTER, AND VETERANS BUSINESS OUTREACH CENTER. THE ASSISTANCE INCLUDES ACCESS TO FINANCIAL SERVICES, ACCESS TO CAPITAL NEEDS AND INCLUDES CLASSROOM EDUCATION, 1-ON-1 ASSISTANCE AND PEER LEARNING.IN 2021 SOUTHEAST COMMUNITY CAPITAL CORPORATION PROVIDED 16,555 HOURS OF EDUCATION; 11,057 WERE IN CLASSROOM/EVENTS SETTINGS, 5,422 WERE ONE-ON-ONE COUNSELING SESSIONS, AND 76 WERE IN GROUP COACHING SESSIONS. THERE WERE 2,325 UNIQUE CLIENTS SERVED, 79% WERE REPRESENTATIVE OF PATHWAY LENDING'S CDFI TARGET MARKETS (AS DEFINED BY LOW-INCOME CENSUS TRACTS OR MINORITY STATUS), WITH 49% BEING FEMALE, AND 40% BEING AFRICAN AMERICAN. THERE WERE 224 CLASSES, NETWORKING EVENTS, AND COHORT-BASED LEARNING SESSIONS CONDUCTED THAT FOCUSED ON ENTREPRENEURIAL EDUCATION IN AREAS SUCH AS CASH FLOW MANAGEMENT, FINANCIAL PREPARATION, REVENUE AND EXPENSE PROJECTIONS, ACCOUNTING SYSTEMS, AND MANAGEMENT. 12402649 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 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 1 49 0 1 63 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 8 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 TN X X BARBARA HARRIS 6154257171 201 VENTURE CIRCLE NASHVILLE TN 37228 X CLINT GWIN PRESIDENT AND CEO 60.00 X 464850 0 14069 BARBARA HARRIS EXECUTIVE VICE PRESIDENT A 60.00 X 294896 0 22766 HANK HELTON EXECUTIVE VICE PRESIDENT 60.00 X 294370 0 17472 AMY BUNTON EXECUTIVE VICE PRESIDENT A 60.00 X 290119 0 25576 JOE AGNETTA - THROUGH 531 SVP, CHIEF CREDIT OFFICER 50.00 X 170966 0 7884 DANIEL WILSON SVP OF LENDING OPERATIONS 50.00 X 147660 0 8139 LESLIE HAYES SVP OF EDUCATION AND ENTREPRENEURSHIP 50.00 X 136001 0 20270 KEITH HICKEY REGIONAL LENDER 50.00 X 131645 0 16002 PAUL HOFFMANN SVP, DIRECTOR OF POLICY AN 50.00 X 130906 0 12296 LORI ROCHELLE SVP OF CORPORATE OPERATION 50.00 X 129895 0 15600 HERB BYRD III CHAIRMAN 1.50 X X 0 0 0 JON DAVIES VICE CHAIRMAN 1.50 X X 0 0 0 DAVE BEREZOV DIRECTOR 1.50 X 0 0 0 IVANETTA DAVIS-SAMUELS DIRECTOR 1.50 X 0 0 0 ANDRE GIST DIRECTOR 1.50 X 0 0 0 CINDY HERRON DIRECTOR 1.50 X 0 0 0 TOM HUNTER DIRECTOR 1.50 X 0 0 0 HUGH QUEENER DIRECTOR 1.50 X 0 0 0 2191308 0 160074 15 0 1 0 ACUMEN TECHNOLOGY 2699 FESSEY COURT STE 200 NASHVILLE TN 37204 TECHNOLOGY SUPPORT AND EQUIPMENT 204326 PROVISIONS GROUP LLC 604 WEST MAIN ST STE 108 FRANKLIN TN 37064 TECHNOLOGY SUPPORT 149157 LBMC TECHNOLOGIES LLC PO BOX 1869 BRENTWOOD TN 37024 TECHNOLOGY SUPPORT 103764 7 5035432 7955720 12991152 LOAN INTEREST 900099 7496442 7496442 FINANCING FEES AND CHARGES 900099 1347170 1347170 FEE INCOME 900099 410988 410988 9254600 250416 250416 168062 108775 59287 59287 42995 16292 22555455 9505016 42995 16292 914199 914199 2306929 2306929 1602970 1119945 482914 111 4056953 3869004 187945 4 96610 93966 2644 495279 442435 52837 7 354319 312980 41332 7 84198 78004 6194 47850 43065 4785 603434 591525 11909 4215 4193 22 213598 202613 10985 413560 392882 20678 100004 91162 8842 102955 102012 943 105130 102216 2914 1961291 1961291 85934 77341 8593 93162 83846 9316 MISCELLANEOUS 41262 38978 2284 DUES, LICENSES & PERMIT 39084 36788 2296 LOAN LOSS PROVISION REC -462725 -462725 13260211 12402649 857433 129 899706 13062503 53996826 99541182 955007 681181 1965864 2398109 408547 163614 128688744 144254869 342251 318327 3947386 914235 3113783 3033151 301200 301200 265668 397809 190692663 264396878 2323342 2144363 2698934 6112020 13567383 13044510 100554924 141782080 37423359 57893940 156567942 220976913 X 32114010 41409254 2010711 2010711 34124721 43419965 190692663 264396878 9295244 0 X X 0 1 X 1 1 1 X 9866564 6037623 6533706 12388380 12991152 47817425 9866564 6037623 6533706 12388380 12991152 47817425 4549535 43267890 27647 42995 70642 47888067 37543400 0.90350 0.92220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3663555 714979 2948576 283831 199256 84575 3033151 LINES OF CREDIT 57000000 UNAMORTIZED LOAN ORIGINATION FEES 893940 57893940 X 22677942 13712 108775 122487 22555455 0 22555455 13382698 13712 108775 122487 13260211 0 13260211 PART X, LINE 2: MANAGEMENT PERFORMS AN EVALUATION OF ALL INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CORPORATION'S INCOME TAX RETURNS TO DETERMINE WHETHER THE INCOME TAX POSITIONS MEET A "MORE LIKELY THAN NOT" STANDARD OF BEING SUSTAINED UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS PERFORMED ITS EVALUATION OF ALL INCOME TAX POSITIONS TAKEN ON ALL OPEN INCOME TAX RETURNS AND HAS DETERMINED THAT THERE WERE NO POSITIONS TAKEN THAT DO NOT MEET THE "MORE LIKELY THAN NOT" STANDARD. ACCORDINGLY, THERE IS PROVISION FOR INCOME TAXES, PENALTIES OR INTEREST RECEIVABLE OR PAYABLE RELATING TO UNCERTAIN INCOME TAX POSITIONS IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 108,775. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 108,775. 1 TENNESSEE EYE LASER LLC 2004 HAYES STREET SUITE 335 NASHVILLE TN 37203 621818735 6247 0 METRO NASHVILLE - SMALL BUSINESS GRANTS GOLDEN CROSS LOGISTICS LLC PO BOX 1993 MADISON TN 37116 472120275 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS SAINT GEORGE LAUNDROMAT LLC 3441 LEBANON PIKE SUITE 110 HERMITAGE TN 37076 465761341 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS STERNWOOD CORPORATION 1882 EASTLAND AVENUE NASHVILLE TN 37206 463671791 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS BROWN FLATT ADVISORS PLLC 527 RIVERGATE PARKWAY GOODLETTSVILLE TN 37072 260043243 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS NASHVILLE NAILS BY NA SAHS 1253 BEN HILL BOULEVARD NOLENSVILLE TN 37135 680523766 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS JAY KUBER LLC 3430 PERCY PRIEST DRIVE NASHVILLE TN 37214 371734476 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS EAGLE CORPORATE APARTMENTS INC 615 MAIN STREET SUITE 104B NASHVILLE TN 37206 261915103 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS MAIN INVESTMENTS LLC 1200 CLINTON STREET SUITE 10 NASHVILLE TN 37203 844519450 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS PENINSULA NASHVILLE LLC 1035 WEST EASTLAND AVENUE NASHVILLE TN 37206 813886401 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS ELIZABETH LAWRENCE 1201 4TH AVENUE SOUTH SUITE 102 NASHVILLE TN 37210 454456254 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS HABANERO GRILL LLC 2543 LEBANON PIKE NASHVILLE TN 37214 831128237 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS RD HEARRING 5244 CATSPAW DRIVE CANE RIDGE TN 37013 800756391 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS HUNNEE B'Z PERFUME OILS 2940 MURFREESBORO PIKE SUITE 111 ANTIOCH TN 37013 204114008 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS HERMITAGE AUTO WASH LLC 4154 LEBANON PIKE HERMITAGE TN 370761224 204525155 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS BAM SOCIAL BUSINESS LLC 1023 CHEATHAM PLACE NASHVILLE TN 37208 275096989 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS MUSIC CITY FIT LLC 73 WHITEBRIDGE ROAD SUITE 125 NASHVILLE TN 37205 462467979 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS PEARL DIVER LLC 1008 GALLATIN AVENUE NASHVILLE TN 37206 821638194 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS KSHAMA HOTEL LLC 5770 OLD HICKORY BOULEVARD HERMITAGE TN 37076 811218535 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS BOKHARI USA INC 1313 VULTEE BOULEVARD NASHVILLE TN 37217 461639641 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS MAZ FRESCO LLC 3955 NOLENSVILLE PIKE NASHVILLE TN 37211 474815359 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS VI JAY PROPERTIES LLC 1274 MURFREESBORO PIKE NASHVILLE TN 37217 814262659 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS Z-BAR LLC 3955 NOLENSVILLE PIKE NASHVILLE TN 37211 824591500 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS CALISTA INC 101 PAGE ROAD NASHVILLE TN 37205 822677398 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS PACIFIC RAINBOW LLC 900 ROSA L PARKS BOULEVARD SPACE C NASHVILLE TN 37208 452379303 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS ADAMVILLE LIMO LLC 3535 BELL ROAD 310 NASHVILLE TN 37214 821993940 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS AUF PRO SERVICES LLC 3955 NOLENSVILLE PIKE NASHVILLE TN 37211 475521945 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS AMERICA'S INSURANCE LLC 3955 NOLENSVILLE PIKE NASHVILLE TN 37211 454968405 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS SUITE 1703 LLC 1703 CHURCH STREET NASHVILLE TN 37203 455115944 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS ALEX DRYWALL CONSTRUCTION LLC 2044 RANSOM PLACE NASHVILLE TN 37017 371847158 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS FORM ADVISORY GROUP 1708 LONE JACK LANE MURFREESBORO TN 37129 842199934 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS DRYSTAR INC 215 SOUTH MAIN STREET GOODLETTSVILLE TN 37072 824540067 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS TAQUERIA HIDALGO LLC 3955 NOLENSVILLE PIKE NASHVILLE TN 37211 824613305 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS TRES GAUCHOS LLC 3955 NOLENSVILLE PIKE NASHVILLE TN 37211 814522743 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS TITO'S PLAYLAND LLC 3955 NOLENSVILLE PIKE NASHVILLE TN 37211 810693201 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS THE HOOD COMPANY LLC 8182 CHARLOTTE PIKE NASHVILLE TN 37221 861125472 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS PHAT BITES NASHVILLE LLC 105 MCGAVOCK PIKE NASHVILLE TN 37214 831062139 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS WISEMEN INVESTMENTS GROUP INC PO BOX 110822 NASHVILLE TN 37222 832076014 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS DDNS CONSULTING LLC 201 WARREN COURT OLD HICKORY TN 37138 843795690 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS PECK CONSTRUCTION INC 5115 AMALIE DRIVE NASHVILLE TN 37211 814746189 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS DESIGN WORKS LLC 2200 SELMA AVENUE NASHVILLE TN 37214 825260059 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS ICON SHEARS INC 1313 VULTEE BOULEVARD NASHVILLE TN 37217 453844861 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS PCSDESK LLC 5705 BRENTWOOD MEADOWS CIRCLE BRENTWOOD TN 37027 621623627 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS TRADE ON DEMAND INC 3102 WEST END AVENUE NASHVILLE TN 37203 822725623 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS EARTHSAVERS LLC PO BOX 60945 NASHVILLE TN 37206 204036114 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS PRANGE APPAREL LLC 2545 LEBANON PIKE NASHVILLE TN 37214 833132744 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS TASTY 88 INC 2119 BELCOURT AVENUE NASHVILLE TN 37212 833483421 10000 0 METRO NASHVILLE - SMALL BUSINESS GRANTS 45 METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSOON COUNTY 187 975000 0 SMALL BUSINESS GRANTS TVA HOME UPLIFT 312 1323264 ENERGY EFFICIENCY GRANTS PAID TO TVA TO BENEFIT INDIVIDUAL HOMES PART I, LINE 2: DURING 2021, THE ORGANIZATION WAS GRANTED FUNDING THROUGH METROPOLITAN NASHVILLE AND DAVIDSON COUNTY, TENNESSEE TO MAKE GRANTS TO SMALL BUSINESSES. X X X X 0 0 0 0 0 0 0 0 0 CLINT GWIN PRESIDENT AND CEO 339014 0 125836 0 0 0 11600 0 2469 0 478919 0 0 0 BARBARA HARRIS EXECUTIVE VICE PRESIDENT A 242761 0 52135 0 0 0 11600 0 11166 0 317662 0 0 0 HANK HELTON EXECUTIVE VICE PRESIDENT 242235 0 52135 0 0 0 11600 0 5872 0 311842 0 0 0 AMY BUNTON EXECUTIVE VICE PRESIDENT A 237984 0 52135 0 0 0 10563 0 15013 0 315695 0 0 0 JOE AGNETTA - THROUGH 531 SVP, CHIEF CREDIT OFFICER 154522 0 16444 0 0 0 4219 0 3665 0 178850 0 0 0 DANIEL WILSON SVP OF LENDING OPERATIONS 134948 0 12712 0 0 0 2500 0 5639 0 155799 0 0 0 LESLIE HAYES SVP OF EDUCATION AND ENTREPRENEURSHI 121817 0 14184 0 0 0 5557 0 14713 0 156271 0 0 0 ANDRE GIST DIRECTOR OF THE ORGANIZATION LOAN TO MIG, A COMPANY MAJORITY OWNED BY ANDRE GIST. X 495000 408547 0 1 1 408547 HUGH QUEENER DIRECTOR OF THE ORGANIZATION 204519 INTEREST PAID ON NOTE PAYABLE: MR. QUEENER IS THE EXECUTIVE VICE PRESIDENT AND CHIEF ADMINISTRATIVE OFFICER FOR PINNACLE BANK AND WAS INVOLVED WITH THE LOAN ON THE BUILDINGS AND IN THE NOTES PAYABLE IN TNROF, KCTJF, NOF AND TNSBJOF. THE TRANSACTIONS DURING THE YEAR INVOLVED INTEREST PAYMENTS MADE TO THE BANK UNDER THE NORMAL COURSE OF BUSINESS; NO PERSONAL GAIN OR PAYMENTS WERE MADE TO MR. QUEENER. 0 HUGH QUEENER DIRECTOR OF THE ORGANIZATION 48457 BANK ACCOUNTS HELD AT BANK: MR. QUEENER IS THE EXECUTIVE VICE PRESIDENT AND CHIEF ADMINISTRATIVE OFFICER FOR PINNACLE BANK WHERE SOUTHEAST COMMUNITY CAPITAL MAINTAINS INTEREST BEARING ACCOUNTS AND RECEIVED INTEREST IN THE NORMAL COURSE OF DOING BUSINESS. 0 HUGH QUEENER DIRECTOR OF THE ORGANIZATION 169164 PRINCIPAL AND INTEREST PAYMENTS ON THE MORTGAGES ON THE BUILDINGS: MR. QUEENER IS THE EXECUTIVE VICE PRESIDENT AND CHIEF ADMINISTRATIVE OFFICER FOR PINNACLE BANK WHERE SOUTHEAST COMMUNITY CAPITAL MADE PRINCIPAL AND INTEREST PAYMENTS TO THE BANK IN THE NORMAL COURSE OF DOING BUSINESS. 0 JON DAVIES DIRECTOR OF THE ORGANIZATION 608900 INTEREST PAID ON LOAN: MR. DAVIES IS THE SENIOR VICE PRESIDENT/COMPLIANCE EXECUTIVE, COMMUNITY AFFAIRS AND CONTRIBUTIONS FOR REGIONS FINANCIAL CORPORATION AND WAS INVOLVED WITH THE LOAN RECEIVED BY SOUTHEAST COMMUNITY CAPITAL. THE TRANSACTIONS DURING THE YEAR INVOLVED INTEREST PAYMENTS MADE TO THE BANK UNDER THE NORMAL COURSE OF BUSINESS; NO PERSONAL GAIN OR PAYMENTS WERE MADE TO MR. DAVIES. 0 JON DAVIES DIRECTOR OF THE ORGANIZATION 438 BANK ACCOUNTS HELD AT BANK: MR. DAVIES IS THE SENIOR VICE PRESIDENT/COMPLIANCE EXECUTIVE, COMMUNITY AFFAIRS AND CONTRIBUTIONS FOR REGIONS FINANCIAL CORPORATION WHERE SOUTHEAST COMMUNITY CAPITAL MAINTAINS INTEREST BEARING ACCOUNTS AND RECEIVED INTEREST IN THE NORMAL COURSE OF DOING BUSINESS. 0 JON DAVIES DIRECTOR OF THE ORGANIZATION 2100000 PRINCIPAL FORGIVEN ON NOTE PAYABLE: MR. DAVIES IS THE SENIOR VICE PRESIDENT/COMPLIANCE EXECUTIVE, COMMUNITY AFFAIRS AND CONTRIBUTIONS FOR REGIONS FINANCIAL CORPORATION WHERE SOUTHEAST COMMUNITY CAPITAL HAD TN-SBJOF NOTES PAYABLE FORGIVEN DUE TO THE 10 YEAR ANNIVERSARY OF THE TN-SBJOF LOANS WHICH OCCURRED UNDER THE NORMAL COURSE OF BUSINESS. 0 FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT AND CFO REVIEW THE 990 BEFORE IT IS FILED WITH THE IRS. THEY COMPARE EACH LINE ITEM TO THE PRIOR YEAR FORM 990 AS WELL AS COMPARABLE FORM 990S FOR OTHER NOT-FOR-PROFIT ENTITIES. THE CURRENT YEAR FORM IS ALSO RECONCILED TO THE CURRENT YEAR FINANCIAL STATEMENTS. THE FORM 990 IS PRESENTED TO ALL BOARD MEMBERS BEFORE IT IS FILED FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ALL NEW EMPLOYEES ARE GIVEN AND REQUIRED TO SIGN AN EMPLOYEE HANDBOOK UPON HIRING. IT ADDRESSES A CODE OF CONDUCT INCLUDING A CONFLICT OF INTEREST STATEMENT AND A WHISTLEBLOWER POLICY. EACH EMPLOYEE IS ALSO REQUIRED TO SIGN ANNUALLY A STATEMENT THAT THEY HAVE NO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 SCC HAS A COMPENSATION COMMITTEE THAT MEETS AS NEEDED TO SET THE SALARIES OF THE PRESIDENT, SENIOR VICE PRESIDENTS, AND THE CHIEF FINANCIAL OFFICER. THE PRESIDENT WAS GIVEN DISCRETIONARY POWERS TO SET THE SALARIES OF ALL OTHER PERSONNEL AND TO GIVE THE BOARD AN OVERVIEW OF THOSE DECISIONS. THE PRESIDENT WAS ALSO GIVEN THE AUTHORITY TO INCREASE SALARIES WITHIN SET PARAMETERS FOR THE SVP AND CFO. ALL SALARIES ARE DISCLOSED TO THE COMMITTEE. A COMPENSATION POLICY WAS PUT INTO EFFECT ON 01/16/2008 IN ORDER TO COMPLY WITH INTERNAL REVENUE CODE SECTION 4958. WHEN THE SALARIES ARE PUT IN PLACE FOR ALL EMPLOYEES, A COMPARISON WITH OTHER SIMILAR ORGANIZATONS IS MADE AND REVIEWED BY THE COMMITTEE. THE SALARIES ARE COMPILED FROM TAX RETURNS OF OTHER 990 ORGANIZATIONS THAT ARE PUBLISHED WITH GUIDESTAR. SALARY INQUIRIES OF SIMILAR JOBS ARE REVIEWED ON CAREERBUILDER AND SALARY.COM AND OTHER FORMAL SALARY SURVEYS. FORM 990, PART VI, SECTION C, LINE 19 SCC MAINTAINS A WEBSITE AT WWW.PATHWAYLENDING.ORG WHERE THE PUBLIC IS GIVEN A CONTACT NAME FOR FURTHER INFORMATION REGARDING AVAILABILITY OF DISCLOSURES. THE 990 IS ALSO AVAILABLE ON THE GUIDESTAR WEBSITE. FORM 990, PART VII, SECTION B AS PART OF THEIR LOAN PROGRAM, PATHWAY SOMETIMES REMITS PAYMENTS TO CERTAIN THIRD PARTY CREDITORS ON BEHALF OF THE LOAN CLIENT AS PART OF THE SERVICING OF THE LOAN OR AT THE TIME OF THE LOAN CLOSING. THESE CREDITORS THEN RECEIVE A FORM 1099 MISC FROM PATHWAY FOR SERVICES RENDERED TO THE LOAN CLIENT, NOT FOR SERVICES RENDERED TO PATHWAY. THUS, PATHWAY DOES NOT LIST THOSE CREDITORS AS PAYMENTS FOR SERVICES ON FORM 990, PART VII, SECTION B, BUT THEY ARE INCLUDED IN THE TOTAL NUMBER OF 1099S OVER $100,000. PATHWAY MEMPHIS LLC 201 VENTURE CIRCLE NASHVILLE TN 37228 EXPAND OPERATIONS OF PATHWAY LENDING IN THE MEMPHIS, TN AREA TN 415567 952468 SOUTHEAST COMMUNITY CAPITAL CORPORATION PATHWAY LENDING CDE ADVISORS LLC ADMINISTRATIVE MEMBER OF SUBSIDIARY CDES DE SOUTHEAST COMMUNITY CAPITAL CORPORATION DBA PATHWAY LENDING RELATED 613669 0 0 0.50100 PATHWAY LENDING CDE LLC ALLOCATION RIGHTS FOR NEW MARKET TAX CREDITS DE SOUTHEAST COMMUNITY CAPITAL CORPORATION DBA PATHWAY LENDING RELATED 0 0 0.99000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0