2022-01-13T14:23:35-06:00 2021-03-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2020-04-01 431925293 GREAT RIVERS COMMUNITY TRUST GREA 8127640097 33 S CHESAPEAKE WAY ZEBULON NC 27597 JOYCE KLEIN BOARD CHAIR 8127640097 2022-01-13 1 JOYCE KLEIN 999009999 J CALVIN MARKS P01226973 9197196400 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z X EBA FUND ROBERT BOYLE 33 S CHESAPEAKE WAY ZEBULON NC 27597 3957436 0 X N/A X 2001 MO TO SUPPORT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) THROUGH THE CREATION AND ONGOING DEVELOPMENT OF A SECONDARY MARKET FOR CDFI SMALL BUSINESS LOANS. TO EXERCISE ANY, ALL AND EVERY LAWFUL POWER OF A NONPROFIT CORPORATION ORGANIZED UNDER MISSOURI LAW; PROVIDED, HOWEVER, THAT NOTHING HEREIN SHALL BE CONSTRUED TO GIVE THE CORPORATION ANY PURPOSE THAT IS NOT PERMITTED UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). 5 5 0 10 0 0 0 3806227 0 26743 0 124466 0 0 0 3957436 0 62812 0 0 0 0 0 0 7451 0 377673 0 440485 0 3516951 16127 3326063 0 18495 16127 3307568 X TO SUPPORT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) THROUGH THE CREATION AND ONGOING DEVELOPMENT OF A SECONDARY MARKET FOR CDFI SMALL BUSINESS LOANS. TO EXERCISE ANY, ALL AND EVERY LAWFUL POWER OF A NONPROFIT CORPORATION ORGANIZED UNDER MISSOURI LAW; PROVIDED, HOWEVER, THAT NOTHING HEREIN SHALL BE CONSTRUED TO GIVE THE CORPORATION ANY PURPOSE THAT IS NOT PERMITTED UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). 0 0 390338 62812 7993 GRCT PROVIDES TECHNICAL ASSISTANCE AND CAPITAL TO NONPROFIT CDFIS TO HELP THEM ORIGINATE MORE SMALL BUSINESS LOANS UNDER $50,000 IN SIZE TO BORROWERS WHO LACK ACCESS TO TRADITIONAL BANK LOANS, PARTICULARLY ENTREPRENEURS OF COLOR AND WOMEN ENTREPRENEURS IN LOW-TO-MODERATE INCOME CENSUS TRACTS AND WITH UNDER $1 MILLION OF GROSS ANNUAL REVENUE. 390338 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 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 0 0 0 0 X 5 5 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X BRETT SIMMONS 8127640097 33 S CHESAPEAKE WAY ZEBULON NC 27597 SHERI FLANIGAN-VASQUEZ CHIEF OPERATING OFFICER (TO APR '20) 1.00 40.00 X 0 195200 23884 ROBERT BOYLE CHIEF EXECUTIVE OFFICER (TO APR '20) 1.00 40.00 X 0 120200 11180 EDDIE DAVIS BOARD PRESIDENT (TO APR '20) 3.00 X X 0 0 0 JOYCE KLEIN CHAIR (FROM APR '20) 3.00 X X 0 0 0 ANDREA LEVERE VICE CHAIR (FROM APR '20) 3.00 X X 0 0 0 ALLAN IVIE TREASURER (TO APR '20) 3.00 X X 0 0 0 ROBERT VILLARREAL TREASURER (FROM APR '20) 3.00 X X 0 0 0 ROCHELLE BEA SECRETARY (TO APR '20) 2.00 X X 0 0 0 HAROLD PETTIGREW SECRETARY (FROM APR '20) 2.00 X X 0 0 0 DEBORAH JAMES BOARD MEMBER (TO APR '20) 2.00 X 0 0 0 FRANCISCO LOPEZ BOARD MEMBER (FROM MAR '21) 2.00 X 0 0 0 KEITH WILLY BOARD MEMBER (TO APR '20) 2.00 X 0 0 0 0 315400 35064 0 0 1 0 REVOLVE ASSET MANAGEMENT 33 S CHESAPEAKE WAY ZEBULON NC 27597 ASSET MANAGEMENT SERVICES 277135 1 3806227 3806227 FEE INCOME 26743 26743 26743 124466 124466 3957436 151209 0 0 X 62812 62812 20196 10098 10098 24000 24000 301100 287244 6928 6928 9956 8968 988 435 435 20919 19873 523 523 TAXES & LICENSES 635 476 159 432 432 440485 390338 42696 7451 16127 692958 918297 129342 1566302 0 19164 16127 3326063 18495 0 18495 X 16127 2953540 354028 16127 3307568 16127 3326063 X 3516951 -16127 -209383 X 0 1 X 1 0 X 0 3806227 3806227 26743 26743 3832970 3832970 0 0 0 3832970 124466 124466 124466 124466 3957436 3957436 0.96850 0.03150 X SCHEDULE A, PART III: THE ORGANIZATION CHANGED ITS ACCOUNTING PERIOD FROM A CALENDAR YEAR-END TO A FISCAL YEAR-END FOR THE PERIOD ENDING MARCH 31, 2020. THEREFORE, COLUMN D (2019) REPRESENTS THE SHORT PERIOD ENDING MARCH 31, 2020 AND COLUMN E (2020) REPRESENTS THE ENTIRE FISCAL YEAR ENDING MARCH 31, 2021. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 4058605 101169 101169 3957436 0 3957436 751037 101169 209383 310552 440485 0 440485 PART X, LINE 2: MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS AS OF MARCH 31, 2021. PART XII, LINE 2D - OTHER ADJUSTMENTS: PROVISION FOR LOAN LOSS RESERVE 209,383. 1 WOMENVENTURE 2021 EAST HENNEPIN AVE 200 MINNEAPOLIS MN 55413 411463426 501(C)(3) 33750 GENERAL SUPPORT ALLIES FOR COMMUNITY BUSINESS 135 N KEDZIE AVE CHICAGO IL 60612 363966573 501(C)(3) 15000 GENERAL SUPPORT ASCENDUS INC 80 MAIDEN LANE SUITE 903 NEW YORK CITY NY 10038 113317234 501(C)(3) 14062 GENERAL SUPPORT 3 0 PART I, LINE 2: BEFORE ADDING NEW PARTNER CDFIS, EBA FUND REVIEWS THE FINANCIAL STABILITY, LOAN APPROVAL PROCESS, COMPLIANCE, AND SERVICING OF EACH CDFI. IN ADDITION, EBA FUND REVIEWS THE LAST 3 YEARS OF MISSION IMPACT PERFORMANCE TO ENSURE THAT THE LENDER SERVES A HIGH PROPORTION OF ENTREPRENEURS OF COLOR, WOMEN ENTREPRENEURS, LOW-TO-MODERATE INCOME BORROWERS, BUSINESSES WITH UNDER $1 MILLION GROSS ANNUAL REVENUE, AND BUSINESSES LOCATED IN LOW-TO-MODERATE INCOME CENSUS TRACTS. EACH CDFIS' PERFORMANCE IS COMPARED WITH LOCAL BENCHMARKS TO ENSURE THE CDFI HAS STRONG MISSION PERFORMANCE. A FINAL MEMO ON EACH CDFI IS THEN PRESENTED TO EBA FUND BOARD OF TRUSTEES FOR FINAL APPROVAL OF THE PARTNERSHIP. AT THAT TIME, NEW CDFIS ARE ELIGIBLE TO WORK WITH EBA FUND AND SUBSEQUENTLY RECEIVED UNRESTRICTED GRANT DONATIONS. 0 0 0 0 0 0 0 0 0 SHERI FLANIGAN-VASQUEZ CHIEF OPERATING OFFICER (TO APR '20) 0 195200 0 0 0 0 0 0 0 23884 0 219084 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE BOARD OF DIRECTORS OF GREAT RIVERS COMMUNITY TRUST HAS CONTRACTED WITH REVOLVE ASSET MANAGEMENT TO CARRY OUT VARIOUS MANAGEMENT DUTIES AT THE STRATEGIC DIRECTION OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE ENTIRELY UPDATED BY THE NEW BOARD ON MAY 4TH, 2020. PRIMARY CHANGES WERE TO THE PRINCIPAL OFFICE, FOCUSING THE ORGANIZATIONAL MISSION ON WORKING WITH NON-PROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS, CHANGING THE CADENCE OF MEETINGS, AND GETTING RID OF CERTAIN STANDING COMMITTEES. THE FISCAL YEAR WAS ALSO CHANGED. IN OCTOBER, 2020 SECTION 7: "NON-DISCRIMINATION" WAS UPDATED. THE ARTICLES OF THE ORGANIZATION WERE CHANGED IN DECEMBER TO REFLECT THE PURPOSE CHANGE IN THE BYLAWS. GIVEN THE NEED TO SUBMIT THE ARTICLE CHANGES TO A CIRCUIT COURT, THESE CHANGES WERE NOT FINALIZED UNTIL 5/24/21. FORM 990, PART VI, SECTION B, LINE 11B GREAT RIVERS COMMUNITY TRUST'S 990 IS FIRST REVIEWED BY THE CONTROLLER AND THE CHIEF OPERATING OFFICER ("COO"). ONCE THE COO APPROVES THE 990, IT IS THEN PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. LASTLY, THE CHIEF EXECUTIVE OFFICER ("CEO") REVIEWS THE 990. ONCE THE CEO APPROVES THE 990, IT IS SIGNED AND THE ORGANIZATION'S ACCOUNTANTS ARE NOTIFIED OF THE CONSENT TO FILE THE FORM. FORM 990, PART VI, SECTION B, LINE 12C SENIOR MANAGEMENT REVIEWS THE APPLICATION OF THE CONFLICT OF INTEREST POLICY ON ANY REAL OR PERCEIVED ISSUES THAT OCCURRED DURING THE YEAR. THE APPROPRIATENESS OF THE POLICY IS DISCUSSED WITH ATTENTION TO THE REQUIREMENTS BY FUNDING SOURCES AND MODIFICATIONS MADE. IF NECESSARY, ALL MODIFICATIONS ARE PRESENTED FOR BOARD APPROVAL. THE BOARD OF DIRECTORS SIGNS A STATEMENT YEARLY THAT CONFIRMS THAT THEY HAVE READ AND ARE STILL FOLLOWING THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 GREAT RIVERS COMMUNITY TRUST MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY PROVIDING COPIES TO THOSE WHO REQUEST THE AFOREMENTIONED DOCUMENTS FORM 990, PART IX, LINE 11G CONTRACTORS: PROGRAM SERVICE EXPENSES 263,278. MANAGEMENT AND GENERAL EXPENSES 6,928. FUNDRAISING EXPENSES 6,928. TOTAL EXPENSES 277,134. LENDER SERVICING: PROGRAM SERVICE EXPENSES 23,966. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,966. FORM 990, PART XI, LINE 9: PROVISION FOR LOAN LOSS RESERVE -209,383. JUSTINE PETERSEN HOUSING AND REINVESTMENT CORPORATION 1023 N GRAND BLVD SAINT LOUIS MO 63106 431769074 TO PROMOTE HOUSING, SAVINGS & ECONOMIC DEVEL OF LOW & MODERATE INC FAMILIES MO 501(C)(3) LINE 9 JUSTINE PETERSEN HOUSING & REINVESTMENT CORPORATION 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 EBA FUND 2021 LLC 223 S WEST ST RALEIGH NC 27603 862048434 COMMUNITY LENDING NC RELATED 0 0 1000000 0 0 0.51000