2017-11-13T09:07:07-06:00 2016-12-31 521480805 CHACONAS & WILSON PC 2100 PENNSYLVANIA AVENUE NW SUITE 580 WASHINGTON DC 20037 990 2016-01-01 521290127 CAPITAL IMPACT PARTNERS CAPI 7036472360 2011 CRYSTAL DRIVE NO 700 ARLINGTON VA 22202 NATALIE GUNN CHIEF FINANCIAL OFFICER 7036472306 2017-11-13 1 JOSEPH WILSON JR P00049429 2024298890 70.88.236.81 2017-11-13 10:05:47 ES P B84290F196399CE7DEDB158C6BC1DD8661881457 F2E3CBB07DFBFCAE15C38EBB4028FB1D406362AE 2016 2018-03-14 21:41:22Z X NATALIE GUNN 2011 CRYSTAL DRIVE SUITE 750 ARLINGTON VA 22202 25165702 0 X WWW.CAPITALIMPACT.ORG X 1982 DC SEE SCHEDULE 'O', PAGE 38. 11 11 82 0 0 0 3693789 8411739 17216179 15875880 172179 267059 343958 611024 21426105 25165702 3472315 2650480 0 0 13625059 12806160 0 0 302862 13153446 9295153 30250820 24751793 -8824715 413909 251385700 293673217 124340707 165311788 127044993 128361429 X TO PROVIDE FINANCIAL SERVICES AND TECHNICAL SUPPORT TO COOPERATIVES AND OTHER COOPERATIVE-LIKE ORGANIZATIONS TARGETED TOWARD NEWER, LESS ESTABLISHED ORGANIZATIONS AND UNDERSERVED COMMUNITIES WHOSE RESIDENTS ARE DISADVANTAGED, LOW INCOME (CONTINUED ON SCHEUDLE O PAGE 44) AND/OR ELDERLY PERSONS WITH SPECIAL NEEDS. 0 0 12495951 1352339 3839817 GENERAL LOAN PROGRAM:CAPITAL IMPACT PARTNERS (CIP) PROVIDES LOANS AND FINANCIAL SERVICES TO COMMUNITY-BASED ORGANIZATIONS FOCUSED ON PROVIDING GOODS AND SERVICES TO LOW INCOME AND ECONOMICALLY DISADVANTAGED POPULATIONS. 697078 714839 778356 AFFORDABLE HOUSINGCIP BRIDGES THE GAP BETWEEN POLICY AND DEVELOPMENT TO IMPROVE THE LIVES OF LOW-INCOME INDIVIDUALS. CIP'S EFFORTS IN AFFORDABLE HOMEOWNERSHIP ARE TO BUILD CAPACITY AND SCALE FOR LONG-TERM AFFORDABLE HOUSING. THESE TYPES OF PROGRAMS ARE SHARED-EQUITY MECHANISMS THAT OFFER HOMEOWNERS RELIABLE ASSET BUILDING OPPORTUNITIES WHILE ALSO PRESERVING PUBLIC INVESTMENT. -132799 4167748 EDUCATION:CIP HAS BEEN A CHARTER SCHOOL LENDER FOR 20 YEARS AND HAS BECOME A VALUABLE FINANCING SOURCE FOR OUR NATION'S CHARTER SCHOOLS. TO ENSURE THAT LOW COST CAPITAL IS AVAILABLE NATIONWIDE, CIP OFFERS (1) CONSTRUCTION AND RENOVATION LOANS, (2) REAL ESTATE ACQUISITION AND TERM LOANS, EQUIPMENT LOANS, AND (3) REVOLVING LINES OF CREDIT. CIP CONNECTS ITS BORROWERS TO INSTITUTIONAL INVESTORS TO IMPROVE THE AMOUNT AND TYPE OF FINANCING AVAILABLE. IN 2016, DISBURSEMENTS TOTALED $37.4 MILLION TO 10 CHARTER SCHOOLS THAT SERVE NEARLY 5,000 STUDENTS, 79% OF WHOM QUALIFY FOR FREE OR REDUCED PRICE LUNCHES. CIP DEVELOPED OR RENOVATED MORE THAN 430,000 SQUARE FEET OF EDUCATIONAL SPACE. 354506 487689 743869 HEALTHY FOOD: CIP PROVIDES LOANS TO COMMUNITY BASED ORGANIZATIONS THAT FINANCE GROCERY STORES AND OTHER RETAIL OUTLETS TO IMPROVE THE ACCESS TO FRESH, HEALTH FOODS IN FOOD DESERTS AND OTHER UNDERSERVED AREAS. CIP PROVIDED FINANCING TO 12 HEALTHY FOOD PROJECTS IN 2016 TOTALING $15.3 MILLION. THE PROJECTS ARE EXPECTED TO CREATE NEARLY 300 JOBS AND WILL PROVIDE FRESH, HEALTHY FOOD ACCESS TO 11,000 LOW-AND MODERATE-INCOME PEOPLE. THE FINANCING IS FOCUSED TO DEVELOP AND EXPAND GROCERY STORES AND DEVELOP AN INCLUSIVE FOOD SYSTEM IN UNDERSERVED COMMUNITIES. 84247 3595286 NEW MARKET TAX CREDITS:CIP HAS RECEIVED SEVEN ALLOCATIONS OF NEW MARKETS TAX CREDITS (NMTC) TOTALING $562 MILLION TO PROVIDE HEALTH CARE PROVIDERS, HEALTHY FOOD GROCERY STORES, CHARTER SCHOOLS, AND OTHER COMMUNITY ORGANIZATIONSAFFORDABLE FINANCING NATIONWIDE. NMTC ALLOWS CIP TO OFFER BORROWERS MORE FLEXIBLE TERMS SUCH AS LONGER AMORTIZATION PERIODS, INTEREST-ONLY PAYMENTS FOR AS LONG AS SEVEN YEARS, HIGHER LOAN-TO-VALUE RATIOS AND POTENTIAL EQUITY BENEFIT AT THE END OF THE LOAN TERM. -83407 95613 2750804 HEALTHCARE:CIP HAS CREATED INNOVATIVE SOLUTIONS TO SUCCESSFULLY PRESERVE AFFORDABLE HEALTH CARE FOR LOW INCOME FAMILIES ACROSS THE COUNTRY. DEDICATED TO DELIVERING VALUE-ADDED SERVICE AND EASE OF PROCESS, WE TAP OUR 30 YEARS OF EXPERIENCE IN THE MARKET TO CUSTOMIZE APPROPRIATELY STRUCTURED FINANCING FOR OUR BORROWERS: COMMUNITY CLINICS AND HEALTH CENTERS, SUBSTANCE ABUSE REHABILITATION/BEHAVORIAL CARE FACILITIES, ADULT DAY HEALTH CARE FACILITIES, AND ASSISTED LIVING/CONTINUING CARE FACILITIES. IN 2016, CAPITAL IMPACT PARTNERS DISBURSED APPROXIMATELY $18.4 MILLION TO 12 HEALTH FACILITIES THAT SERVE NEARLY 23,000 PATIENTS ANNUALLY. NINETY-ONE PERCENT OF PATIENTS LIVE AT OR BELOW 200% OF THE FEDERAL POVERTY LINE 355346 583302 7089959 13415576 1 1 0 1 0 0 0 0 0 1 1 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 108 0 1 82 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 CA DE X NATALIE GUNN CO CAPITAL IMPACT PARTNERS 7036472360 2011 CRYSTAL DRIVE SUITE 700 ARLINGTON VA 22202 TOM BLEDSOE DIRECTOR 0.65 X 0 0 0 JANIS HERSCHKOWITZ DIRECTOR 0.65 X 2000 0 0 ROSEMARY K MAHONEY DIRECTOR 0.65 X 4000 0 0 WILSON BEEBE DIRECTOR 0.65 X 1000 0 0 L RAY MONCRIEF DIRECTOR 0.65 X 1000 0 0 CHARLES E SNYDER DIRECTOR 0.65 X 2000 0 0 ELI KENNEDY DIRECTOR 0.65 X 4000 0 0 JUDY ZIEWACZ DIRECTOR 0.65 X 500 0 0 THOMAS WALSH DIRECTOR 0.65 X 3000 0 0 DAN VARNER DIRECTOR 0.65 X 4000 0 0 PAUL HAZEN DIRECTOR 0.65 X 1000 0 0 DANA PANCRAZI DIRECTOR 0.65 X 0 0 0 MARY ANN ROTHMAN DIRECTOR 0.65 X 2000 0 0 TERRY SIMONETTE FORMER PRESIDENT & CEO 40.00 X 719116 0 27820 ELLIS CARR PRESIDENT & CEO 40.00 X 413307 0 30815 CAROLYN K BAUER CHIEF RISK OFFICER 40.00 X 304316 0 24429 SCOTT SPORTE CHIEF LENDING OFFICER 40.00 X 341956 0 44198 FRANKLIN D FASANO JR CHIEF INFORMATION OFFICER 40.00 X 274302 0 46422 AMY SUE LEAVENS GENERAL COUNSEL 40.00 X 298765 0 20422 NATALIE GUNN CHIEF FINANCIAL OFFICER 40.00 X 250686 0 14946 LISA GRAMMER CONTROLLER 40.00 X 196276 0 17574 VIRGINIA ARNAUD-LEPAPE DEPT. DIRECTOR 40.00 X 218113 0 21910 SCOTT BERMAN DEPT. DIRECTOR 40.00 X 209343 0 26916 ATEPTAYA RAKPRAJA DEPT. DIRECTOR 40.00 X 190782 0 24237 JASON ANDERSON DEPT. DIRECTOR 40.00 X 187602 0 19500 3629064 0 319189 41 0 1 0 COHNREZNICK LLP 500 EAST PRATT STREET BALTIMORE MD 21202 CONSULTING 474886 PILLSBURY WINTHROP SHAW 2300 N STREET NW WASHINGTON DC 200371122 LEGAL SERVICES 262748 ALLEGIANCE ADVISORY GROUP 11921 FREEDOM DRIVE SUITE 500 RESTON VA 20190 CONSULTING 233284 MARK HILTZ 5412 LEATHERLEAF DRIVE NORTH MYRTLE BEACH SC 29582 CONSULTING 219667 NIXON PEABODY LLP 401 9TH STREET NW SUITE 900 WASHINGTON DC 200042128 LEGAL SERVICES 210056 10 5060479 3351260 8411739 INTEREST EARNED ON LOANS 900099 12318552 12318552 LOAN FEES 900099 3667072 3667072 CONTRACT REVENUE 900099 19125 19125 -128869 -128869 15875880 267059 267059 OTHER INCOME 900099 611024 611024 611024 25165702 15875880 0 878083 2650480 2650480 2836000 1839811 893325 102864 7896932 2776970 5119840 122 618283 228489 389363 431 805342 337772 462105 5465 649603 277774 366583 5246 269000 149570 113459 5971 787125 56038 694170 36917 254902 18148 224799 11955 1938721 1306849 600278 31594 461334 104690 348962 7682 358586 29508 312596 16482 919555 422453 472247 24855 365598 214530 143515 7553 3338793 3338793 76337 72520 3817 141316 4511 129965 6840 CORPORATE DEVELOPMENT 673128 22944 617675 32509 LOAN COSTS 368033 368033 TRAINING 133342 82166 48617 2559 MISCELLANEOUS 23336 23336 -813953 -813953 24751793 13415576 11033355 302862 56839744 47241601 852811 6030676 2648726 1804605 180961121 217132442 495872 294727 155319 201145 2616342 2293124 4745460 17498462 2566177 1471162 251385700 293673217 3915471 3172322 120425236 162139466 124340707 165311788 X 100460340 103604335 25097178 23269619 1487475 1487475 127044993 128361429 251385700 293673217 X 413909 -319753 1222280 X X 0 1 X 1 1 1 X 9433473 10457416 17622108 3693789 8411739 49618525 9433473 10457416 17622108 3693789 8411739 49618525 16491629 33126896 130810 184185 409513 172179 267059 1163746 130298 64989 140234 343958 611024 1290503 52072774 82117544 0.63620 0.66880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27653 27653 24421275 24448928 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 27835 64830 29467 27653 149785 250000 250000 250000 250000 1000000 1500000 26584653 8411739 72233 10311531 24757094 52984965 3693789 10987 30105088 26584653 50271946 17783870 16937 15087788 52984965 47050766 10915312 33901 7728033 50271946 43391973 8680095 684837 5706139 47050766 0.06000 0.94000 0 0 163546 41369 122177 58411 46535 11876 273915 206823 67092 201145 INVESTMENT IN ROC USA 2604008 C NEW MARKET TAX CREDIT ENTITIES 42514 C INVESTMENT IN CFSP 158879 C MORTGAGE BACKED AND US TREASURY SECURITIES 14185960 F OTHER INVESTMENTS 507101 F 17498462 X 26752303 -319753 1906354 1586601 25165702 0 25165702 26211090 1459297 1459297 24751793 0 24751793 PART V, LINE 4: TEMPORARILY RESTRICTED NET ASSETS ARE USED FOR CIP'S PROGRAMS. PERMANENTLY RESTRICTED NET ASSETS ARE USED AS A REVOLVING LOAN FUND TO FINANCE HOUSING FOR THE FRAIL AND ELDERLY. PART X, LINE 2: PART X, LINE 2: UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, CIP IS EXEMPT FROM INCOME TAXES ON INCOME OTHER THAN NET UNRELATED BUSINESS INCOME. CIP DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31,2016. CIP HAS ADOPTED THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN ASC TOPIC INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. CIP PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2016, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY AFFECT ON ITS TAX EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN EQUITY METHOD INVESTMENTS 784,103. INCOME FROM CONSOLIDATED SUBSIDIARIES 1,137,704. NEW MARKET TAX CREDIT UNWIND 17,440. RELINQUISHMENT OF GRANT FUNDING -161,762. NET LOSS FROM PASS THROUGH ENTITIES 128,869. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS IN EXCESS OF BOOK FOR PASS THROUGH ENTITIES - SEE STATEMENT 2 PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES RELATED TO CONSOLIDATED SUBSIDIARY 1,333,329. IN KIND INTEREST EXPENSE IMPUTED ON INTEREST RATES BELOW MARKET 125,968. 1 MOUNTAINLANDS COMMUNITY HOUSING ASSOCIATION 1960 SIDEWINDER DR SUITE 107 PARK CITY UT 84060 870514438 501(C)(3) 51974 OPERATING SUPPORT: CORNERSTONE HOMEOWNERSHIP INNOVATION PROGRAM HOME BASE 310 CORNAL STE 100 AUSTIN TX 78702 204467651 501(C)(3) 36399 OPERATING SUPPORT: CORNERSTONE HOMEOWNERSHIP INNOVATION PROGRAM FEED THE HUNGER FOUNDATION 100 MONTGOMERY STREET SAN FRANCISCO CA 94129 262975093 501(C)(3) 30000 OPERATING SUPPORT: HEALTHY FOOD ACCESS IN LOW AND MIDDLE INCOME FAMILIES LONG ISLAND PARTNERSHIP INC 180 OSER AVENUE HAUPPAUGE NY 11788 112889068 501(C)(3) 53084 OPERATING SUPPORT: CORNERSTONE HOMEOWNERSHIP INNOVATION PROGRAM FOODLINK FOR TULARE COUNTY INC PO BOX 1544 VISALIA CA 93279 942558802 30000 OPERATING SUPPORT: HEALTHY FOOD ACCESS IN LOW AND MIDDLE INCOME FAMILIES HELLO HOUSING 1901 ROYAL OAKS DRIVE 200 SACRAMENTO CA 95815 141870357 501(C)(3) 49954 OPERATING SUPPORT: CORNERSTONE HOMEOWNERSHIP INNOVATION PROGRAM CHAMPLAIN HOUSING TRUST 88 KING STREET BURLINGTON VT 05401 222536446 501(C)(3) 49696 OPERATING SUPPORT: CORNERSTONE HOMEOWNERSHIP INNOVATION PROGRAM CITY FIRST ENTERPRISES 14360 U STREET 4TH FLOOR WASHINGTON DC 20009 522101165 501(C)(3) 88742 OPERATING SUPPORT: CORNERSTONE HOMEOWNERSHIP INNOVATION PROGRAM FRESH APPROACH 5060 COMMERCIAL CIRCLE CONCORD CA 95420 262438206 501(C)(3) 50000 OPERATING SUPPORT: HEALTHY FOOD ACCESS IN LOW AND MIDDLE INCOME FAMILIESOPERATING SUPPORT;HEALTHY FOOD ACCESS IN LOW AND MIDDLE INCOME COMMUNITIES GARDEN TO TABLE SILICON VALLEY 651 MERCEDES AVENUE SAN JOSE CA 95110 461812446 501(C)(3) 10000 OPERATING SUPPORT: CORNERSTONE HOMEOWNERSHIP INNOVATION PROGRAM HOUSING LEADERSHIP COUNCIL OF PALM BEACH COUNTY INC 2101 VISTA PARKWAY SUITE 258 WEST PALM BEACH FL 33411 204416008 501(C)(3) 70421 OPERATING SUPPORT: CORNERSTONE HOME OWNERSHIP INNOVATION PROGRAM MANDELLA MARKETPLACE INC 1364 7TH STREET OAKLAND CA 94607 113754129 501(C)(3) 14689 OPERATING SUPPORT: HEALTHY FOOD ACCESS IN LOW AND MIDDLE INCOME COMMUNITIES L A VOICE 760 S WESTMORELAND AVENUE LOS ANGELES CA 90005 954781974 501(C)(3) 25000 OPERATING SUPPORT: HEALTHY FOOD ACCESS IN LOW AND MIDDLE INCOME COMMUNITIES SOUTH CENTRAL FARMERS 11003 PENROSE STREET SUITE 1 SUN VALLEY CA 91352 205246114 501(C)(3) 38000 OPERATING SUPPORT: HEALTHY FOOD ACCESS IN LOW AND MIDDLE INCOME COMMUNITIES CALVERT SOCIAL INVESTMENT 7315 WISCONSIN AVE SUITE 1100W BETHESDA MD 20814 521591398 501(C)(3) 30613 OPERATING SUPPORT: CAPITAL RAISING AND FINANCIAL SOLUTIONS TO SUPPORT AN IMPACT INVESTMENT FUND TARGETING ORGANIZATIONS THAT SUPPORT VULNERABLE POPULATIONS AGE 50 AND OLDER MIDTOWN DETROIT INC 3939 WOODWARD AVENUE SUITE 100 DETROIT MI 48201 454582324 501(C)(3) 237500 OPERATING SUPPORT: COMMUNITY REVITALIZATION THE REINVESTMENT FUND 1900 MARKET STREET 19TH FLOOR PHILADELPHIA PA 19103 232331946 501(C)(3) 1352339 OPERATING SUPPORT: ENHANCEMENT OF NEW CHARTER SCHOOL LOANS CIVIL LABS 2323 BROADWAY OAKLAND CA 94612 474208774 501(C)(3) 10000 OPERATING SUPPORT: HEALTHY FOOD ACCESS IN LOW AND MIDDLE INCOME COMMUNITIESOPERATING SUPPORT: HEALTHY FOOD ACCESS IN LOW AND MIDDLE INCOME COMMUNITIES CITY HEIGHTS COMMUNITY DEVELOPMENT CORPORATION 4001 EL CAJON BLVD 205 SAN DIEGO CA 92105 953661177 501(C)(3) 12500 OPERATING SUPPORT: HEALTHY FOOD ACCESS IN LOW AND MIDDLE INCOME COMMUNITIES CITY OF MCFARLAND 401 W KERN AVENUE MCFARLAND CA 93250 956005880 30000 OPERATING SUPPORT: HEALTHY FOOD ACCESS IN LOW AND MIDDLE INCOME COMMUNITIES COMMUNITY HEALTH CENTER CAPITAL FUND INC 40 COURT STREET 10TH FLOOR BOSTON MA 02102 043122535 50000 OPERATING SUPPORT: IMPROVING ACCESS TO HEALTH CARE COOPERATIVE DEVELOPMENT FOUNDATION 1401 NEW YORK AVENUE NW SUITE 1100 WASHINGTON DC 20005 237044533 501(C)(3) 15000 OPERATING SUPPORT: IMPROVING ACCESS TO HEALTH CARE HARVEST FRESH FOODS 1101 W23RD STREET LOS ANGELES CA 90007 475369929 30000 OPERATING SUPPORT: HEALTHY FOOD ACCESS TO LOW AND MIDDLE INCOME COMMUNITIES NORTHERN GREAT LAKES INITIATIVE 1401 PRESQUE ISLE AVENUE SUITE 202 MARQUETTE MI 49855 473130767 150000 OPERATING SUPPORT: HEALTHY FOOD ACCESS TO LOW AND MIDDLE INCOME COMMUNITIES JOSEPH KANO GEORGES 5409 REDWOOD STREET SAN DIEGO CA 92105 364112600 7500 OPERATING SUPPORT: HEALTHY FOOD ACCESS TO LOW AND MIDDLE INCOME COMMUNITIES NATIONAL CLT NETWORK PO BOX 42255 PORTLAND OR 97242 205513684 24723 OPERATING SUPPORT: CORNERSTONE HOMEOWNERSHP INNOVATION PROGRAM US HISPANIC VENTURE INCDBA MILAGROS DE MEXICO 2400 MISSION STREET SAN FRANCISCO CA 94110 261223136 50000 OPERATING SUPPORT: HEALTHY FOOD ACCESS IN LOW AND MIDDLE INCOME COMMUNITIES HEALTHY FOOD ACCESS IN LOW AND MIDDLE INCOME COMMUNITIES HEALTHY FOOD ACCESS TO LOW AND MIDDLE INCOME COMMUNITIES HEALTHY FOOD ACCESS TO LOW AND MIDDLE INCOME COMMUNITIES HEALTHY FOOD ACCESS TO LOW AND MIDDLE INCOME COMMUNITIES HOMESTEAD COMMUNITY LAND TRUST 25216TH AVENUE SUITE 300 SEATTLE WA 98144 911565651 501(C)(3) 52346 OPERATING SUPPORT: CORNERSTONE HOMEOWNERSHIP INOVATION PROGRAM 20 8 PART I, LINE 2: GRANTEES MUST REPORT ACTUAL EXPENSES FOR EACH MONTH AND SUBMIT QUARTERLY FINANCIAL REPORTS. 1 X X X 0 0 0 0 0 0 0 0 0 TERRY SIMONETTE FORMER PRESIDENT & CEO 564026 0 155090 0 0 0 21588 0 6232 0 746936 0 0 0 ELLIS CARR PRESIDENT & CEO 413307 0 0 0 0 0 30815 0 0 0 444122 0 0 0 CAROLYN K BAUER CHIEF RISK OFFICER 304316 0 0 0 0 0 24429 0 0 0 328745 0 0 0 SCOTT SPORTE CHIEF LENDING OFFICER 341956 0 0 0 0 0 30769 0 13429 0 386154 0 0 0 FRANKLIN D FASANO JR CHIEF INFORMATION OFFICER 274302 0 0 0 0 0 25300 0 21122 0 320724 0 0 0 AMY SUE LEAVENS GENERAL COUNSEL 298765 0 0 0 0 0 20422 0 0 0 319187 0 0 0 NATALIE GUNN CHIEF FINANCIAL OFFICER 250686 0 0 0 0 0 14946 0 0 0 265632 0 0 0 LISA GRAMMER CONTROLLER 196276 0 0 0 0 0 17574 0 0 0 213850 0 0 0 VIRGINIA ARNAUD-LEPAPE DEPT. DIRECTOR 218113 0 0 0 0 0 21910 0 0 0 240023 0 0 0 SCOTT BERMAN DEPT. DIRECTOR 209343 0 0 0 0 0 22117 0 4799 0 236259 0 0 0 ATEPTAYA RAKPRAJA DEPT. DIRECTOR 190782 0 0 0 0 0 18421 0 5816 0 215019 0 0 0 JASON ANDERSON DEPT. DIRECTOR 187602 0 0 0 0 0 19500 0 0 0 207102 0 0 0 SEE SCHEDULE O SEE SCHEDULE "O" X 2283910 15440991 0 1 1 15440991 FORM 990, PART VI, SECTION A, LINE 6 YES, CIP HAS MEMBERS. THE ARTICLES OF INCORPORATION, AS AMENDED (THE "ARTICLES"). AND THE BYLAWS, AS AMENDED (THE "BYLAWS"), OF CIP, PROVIDE THAT THE MEMBERS OF THE BOARD OF DIRECTORS OF THE NATIONAL CONSUMER COOPERATIVE BANK (OR ANY OF ITS SUBSIDIARIES) SHALL SERVE, EX OFFICIO, AS THE MEMBERS OF CIP. FORM 990, PART VI, SECTION A, LINE 7A EACH OF THE MEMBERS OF CIP IS ENTITLED TO CAST ONE (1) VOTE WITH RESPECT TO ANY AMENDMENT TO CIP'S ARTICLES, AND WITH RESPECT TO ANY AMENDMENT TO, OR THE REPEAL OF, CIP'S BYLAWS. THE MEMBERS DO NOT HAVE ANY OTHER VOTING POWER AND THUS ARE NOT ENTITLED TO VOTE WITH RESPECT TO THE COMPOSITION OF THE BOARD OF DIRECTORS. THE ARTICLES AND BYLAWS PROVIDE THAT THE MEMBERS OF THE BOARD OF DIRECTORS OF CIP SHALL BE ELECTED BY THE THEN-CURRENT MEMBERS OF THE BOARD OF DIRECTORS OF CIP. FORM 990, PART VI, SECTION A, LINE 7B THE ARTICLES PROVIDE THAT EACH OF THE MEMBERS OF CIP IS ENTITLED TO CAST ONE (1) VOTE WITH RESPECT TO ANY AMENDMENT TO CIP'S ARTICLES, AND WITH RESPECT TO ANY AMENDMENT TO, OR THE REPEAL OF, CIP'S BYLAWS. IN PARTICULAR, THE ARTICLES PROVIDE THAT ANY AMENDMENT OF THE ARTICLES MUST BE APPROVED BY THE AFFIRMATIVE VOTE OF AT LEAST TWO-THIRDS (2/3) OF THE VOTES ENTITLED TO BE CAST BY THE MEMBERS PRESENT AT A MEETING OF THE MEMBERSHIP; AND THAT ANY AMENDMENT OR REPEAL OF THE BYLAWS MUST BE APPROVED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS PRESENT AT A MEMBERSHIP MEETING. THE BYLAWS PROVIDE THAT ANY AMENDMENT TO THE ARTICLES AND ANY AMENDMENT TO, OR THE REPEAL OF, THE BYLAWS MUST ALSO BE APPROVED BY THE AFFIRMATIVE VOTE OF AT LEAST SIX (6) OF THE ELEVEN (11) DIRECTORS. THE PROCEDURAL METHOD AND MANNER OF GIVING NOTICE OF MEETINGS, ESTABLISHING QUORUM AND SUBMITTING MATTERS TO A VOTE ARE SPECIFIED IN THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS HAS DELEGATED THE RESPONSIBILITY FOR REVIEWING AND APPROVING THE FORM 990 TO THE FINANCE, AUDIT AND RISK COMMITTEE (THE "AUDIT COMMITTEE") OF THE BOARD OF DIRECTORS, PURSUANT TO THE COMPANY'S BOARD-LEVEL DELEGATIONS OF AUTHORITY AND THE FINANCE, AUDIT AND RISK COMMITTEE CHARTER. THE FINANCE, AUDIT AND RISK COMMITTEE WAS FORMERLY KNOWN AS THE FINANCE AND AUDIT COMMITTEE. THE CHAIR OF THE AUDIT COMMITTEE REVIEWS THE FORM 990 WITH CIP'S CHIEF FINANCIAL OFFICER, CONTROLLER AND TAX PREPARER BEFORE IT IS SUBMITTED TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE THEN INDEPENDENTLY REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING. THE CHAIR OF THE AUDIT COMMITTEE REPORTS ON THE PROCESS AND FINDINGS OF THE AUDIT COMMITTEE AT THE NEXT REGULARLY SCHEDULED MEETING OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS AND APPROVES CIP'S CODE OF CONDUCT AND ETHICS POLICY ON AN ANNUAL BASIS; THE CODE OF CONDUCT AND ETHICS POLICY INCLUDES, AMONG OTHER THINGS, CIP'S CONFLICT OF INTEREST POLICY. THE CODE OF CONDUCT AND ETHICS POLICY IS MADE AVAILABLE TO ALL OFFICERS AND EMPLOYEES OF CIP AND ALL MEMBERS OF THE BOARD OF DIRECTORS, EACH OF WHOM IS REQUIRED TO CERTIFY AS TO MATTERS SET FORTH IN THE POLICY AND PROVIDE CONFLICTS OF INTEREST DISCLOSURES (IF ANY) ON AN ANNUAL BASIS. THE GENERAL COUNSEL AND THE ETHICS OFFICIAL DESIGNATED IN THE CODE OF CONDUCT AND ETHICS POLICY JOINTLY EVALUATE ALL CONFLICTS OF WHICH THEY BECOME AWARE AND SUBMIT SUCH CONFLICTS FOR RESOLUTION TO THE BOARD'S FINANCE, AUDIT AND RISK COMMITTEE. MINUTES REFLECTING ALL MEETINGS HELD AND ACTIONS TAKEN BY THE FINANCE, AUDIT AND RISK COMMITTEE, INCLUDING WITH RESPECT TO CONFLICTS MATTERS, ARE INCLUDED IN THE CORPORATE RECORD BOOK. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS DELEGATED THE RESPONSIBILITY FOR REVIEWING AND MAKING RECOMMENDATIONS WITH RESPECT TO EXECUTIVE COMPENSATION TO ITS EXECUTIVE COMMITTEE (THE "EXECUTIVE COMMITTEE"), PURSUANT TO THE BOARD-LEVEL DELEGATIONS OF AUTHORITY AND THE EXECUTIVE COMMITTEE CHARTER. THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION OF THE EXECUTIVE OFFICERS OF CIP; THE EXECUTIVE COMMITTEE THEN REPORTS ITS PROCESS, FINDINGS AND RECOMMENDATIONS TO THE BOARD OF DIRECTORS FOR INDEPENDENT REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS. THE PROCESS INCLUDES: MANAGING THE PROCESS OF COLLECTING AND REVIEWING MARKET DATA FOR: THE PRESIDENT AND CHIEF EXECUTIVE OFFICER; THE CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER; THE TREASURER; THE CHIEF RISK OFFICER; THE CHIEF LENDING OFFICER; AND THE GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER; PERIODICALLY ENGAGING INDEPENDENT CONSULTANTS TO PERFORM INDEPENDENT MARKET ANALYSIS; EVALUATING THE PERFORMANCE OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER; AND RECOMMENDING ANNUAL EXECUTIVE-LEVEL COMPENSATION AND INCENTIVES (IF ANY) TO THE BOARD OF DIRECTORS. ALL MEETINGS AND ACTIONS OF THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS ARE RECORDED IN THE MINUTES OF CIP. IN SUM, CIP IS COMPLYING WITH THE OPTIONAL REBUTTABLE PRESUMPTION MECHANISM OF TREASURY REGULATION SECTION 53.4958-6. FORM 990, PART VI, SECTION C, LINE 18 CIP'S FORM 1023 AND FORM 990 ARE AVAILABLE FOR IN-PERSON INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 CIP MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON WRITTEN REQUEST. CIP'S ANNUAL REPORT, WHICH CONTAINS A CONDENSED VERSION OF ITS FINANCIAL STATEMENTS, IS POSTED ON ITS WEBSITE. FORM 990, PART XI, LINE 9: LOSS IN EXCESS OF BOOK FROM PASS THROUGH ENTITIES - SEE STATEMENMENT 2 128,869. CHANGE IN EQUITY METHOD INVESTMENTS 784,103. GAIN ON NEW MARKET TAX CREDIT UNWIND 17,440. RELINQUISHMENT OF GRANT FUNDING -161,762. IMPUTED IN KIND INTEREST IMPUTED ON BELOW MARKET RATES -125,968. SALE OF LOAN PROCEEDS FROM DISSOLVED SUBSIDIARY 579,598. FORM 990, PART XI, LINE 2C: USE OF AUDIT COMMITTEE AS IN PRIOR YEARS, CIP HAS AN AUDIT COMMITTEE COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS. IT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT. PART 1, LINE 1: DESCRIPTION OF ORGANIZATION MISSION: CIP WAS ESTABLISHED PURSUANT TO SECTION 211 OF THE NATIONAL CONSUMER COOPERATIVE BANK ACT AS AMENDED (THE "BANK ACT")(12 U.S.C.3051), AS A SECTION 501(C)(3) ORGANIZATION FORMED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING PURPOSES THAT ARE EXPRESSLY DEEMED CHARITABLE WITHIN THE MEANING OF SECTION 501(C)(3) UNDER SECTION 211 (C)(2) OF THE BANK ACT. ITS PRIMARY PURPOSE IS TO PROVIDE FINANCIAL SERVICES AND TECHNICAL SUPPORT TO COOPERATIVES AND OTHER DEMOCRATICALLY STRUCTURED, COOPERATIVE-LIKE ORGANIZATIONS, TARGETED TOWARD NEWER, LESS ESTABLISHED ORGANIZATIONS AND UNDERSERVED COMMUNITIES WHOSE RESIDENTS ARE DISADVANTAGED, LOW-INCOME AND/OR ELDERLY PERSONS WITH SPECIAL NEEDS. SCHEDULE L TRANSACTIONS WITH INTERESTED PERSONS: IN THE NORMAL COURSE OF BUSINESS, MEMBERS OF CIP'S BOARD OF DIRECTORS MAY BE AFFILIATED WITH COOPERATIVES RECEIVING OR ELIGIBLE TO RECEIVE LOANS. CIP HAS CONFLICT OF INTEREST POLICIES, WHICH REQUIRE, AMONG OTHER THINGS, THAT A BOARD MEMBER BE DISASSOCIATED FROM DECISIONS THAT POSE A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST. LOAN REQUESTS FROM COOPERATIVES WITH WHICH MEMBERS OF THE BOARD MAY BE AFFILIATED ARE SUBJECT TO THE SAME ELIGIBILITY AND CREDIT CRITERIA, AS WELL AS THE SAME LOAN TERMS AND CONDITIONS, AS ALL OTHER LOAN REQUESTS. AN ANALYSIS OF THE ACTIVITY DURING FISCAL YEAR 2016 FOR THE AGGREGATE AMOUNT OF THESE LOANS IS AS FOLLOWS: BALANCE AT DECEMBER 31, 2015 $ 16,915,125 NET CHANGE (1,474,134) ____________ BALANCE AT DECEMBER 31, 2016 $ 15,440,991 NCBCI EDUCATION CONDUIT LLC 2011 CRYSTAL DRIVE SUITE 700 ARLINGTON VA 22202 261807129 COMMUNITY LENDING AND DEVELOPMENT DE N/A WOODWARD CORRIDOR INVESTMENT FUND LLC 2011 CRYSTAL DRIVE SUITE 700 ARLINGTON VA 22202 471833280 COMMUNITY LENDING AND DEVELOPMENT DE N/A DETROIT NEIGHBORHOOD FUND LLC 2011 CRYSTAL DRIVE SUITE 700 ARLINGTON VA 22202 471804394 COMMUNITY LENDING AND DEVELOPMENT DE N/A FPIF LLC 2011 CRYSTAL DRIVE SUITE 700 ARLINGTON VA 22202 474684786 COMMUNITY LENDING AND DEVELOPMENT DE N/A COMMUNITY SOLUTIONS GROUP LLC 2011 CRYSTAL DRIVE SUITE 700 ARLINGTON VA 22202 COMMUNITY LENDING AND DEVELOPMENT DE N/A CHARTER SCHOOL CAPITAL ACCESS PROGRAM 2011 CRYSTAL DRIVE SUITE 700 ARLINGTON VA 22202 134214997 CHARTER SCHOOL DEBT FINANCING DC 501 (C)(3) 509(A)(3) 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