2016-04-21T15:15:41-05:00 2015-12-31 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2015-01-01 621823596 SOUTHEAST COMMUNITY CAPITAL CORPORATION D/B/A PATHWAY LENDING SOUT 6154257184 201 VENTURE CIRCLE NASHVILLE TN 37228 CLINT GWIN PRESIDENT 6152546113 2016-04-21 1 FRANCES E LEAHY P00713593 6152427351 2016-04-20 2015 2016-09-27 15:27:22Z CLINT GWIN 201 VENTURE CIRCLE NASHVILLE TN 37228 6749196 0 X WWW.PATHWAYLENDING.ORG X 1999 TN PROVIDING UNDERSERVED SMALL BUSINESSES WITH LENDING SOLUTIONS AND EDUCATIONAL SERVICES THAT PROVIDE JOB CREATION AND ECONOMIC DEVELOPMENT. PROVIDING ENERGY EFFICIENY LOANS AND ENERGY EDUCATION TO HELP PRESERVE ENERGY RESOURCES FOR FUTURE GENERATIONS. 8 8 23 32 0 0 4881676 3198575 3044412 3488981 105711 60224 3000 0 8034799 6747780 0 0 0 0 2278070 2455826 0 0 42659 3666000 3611213 5944070 6067039 2090729 680741 75751979 89555683 53441186 66564149 22310793 22991534 X TO STIMULATE ECONOMIC DEVELOPMENT AND JOB CREATION THROUGH SMALL BUSINESS LENDING TO LOW INCOME, DISADVANTAGED AND START-UP COMPANIES THAT LACK ACCESS TO TRADITIONAL BANKING CREDIT. TO PROVIDE TECHNICAL ASSISTANCE TO CLIENTS WHO NEED BUSINESS COUNSELING AND EDUCATION IN AREAS SUCH AS CASH FLOW MANAGEMENT, FINANCIAL PREPARATION, REVENUE AND EXPENSE PROJECTIONS, ACCOUNTING SYSTEMS, AND MANAGEMENT. TO EDUCATE THE GENERAL PUBLIC ABOUT ENERGY SAVINGS. 0 0 5512963 3550621 LENDING PROGRAMS: PROVIDE SMALL BUSINESSES WITH ACCESS TO FINANCIAL SERVICES, INCLUDING EDUCATIONAL AND TECHNICAL ASSISTANCE. SOUTHEAST COMMUNITY CAPITAL CORPORATION 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), TENNESSEE RURAL OPPORTUNITY FUND, TENNESSEE ENERGY EFFICIENCY INITIATIVE AND TENNESSEE SMALL BUSINESS JOB OPPORTUNITY FUND, ETC. IN 2015, SOUTHEAST COMMUNITY CAPITAL CORPORATION MADE 149 NEW LOANS TOTALING $28,403,172, OF WHICH 71.08% WERE TO MINORITY, WOMEN, LOW TO MODERATE CENSUS TRACKS OR LOW TO MODERATE INCOME CLIENTS. SOUTHEAST COMMUNITY CAPITAL CORPORATION ALSO PROVIDED OVER 3,127 HOURS OF TECHNICAL ASSISTANCE, AND ONE-ON-ONE COUNSELING. FURTHER, SCC PROVIDED 1,498 TRAINING HOURS DURING 77 TRAINING SESSIONS FOR 450 ATTENDEES. 5512963 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 1 0 0 0 0 0 0 0 0 0 1 64 0 1 23 1 0 0 0 0 0 0 0 0 X 8 8 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 6154257184 201 VENTURE CIRCLE NASHVILLE TN 37228 JIM CARTER CHAIRMAN 3.00 X 0 0 0 MARY NEIL PRICE DIRECTOR 3.00 X 0 0 0 SAM HOWARD DIRECTOR 3.00 X 0 0 0 HUGH QUEENER DIRECTOR 3.00 X 0 0 0 TOM HUNTER DIRECTOR 3.00 X 0 0 0 JOY FISHER DIRECTOR 3.00 X 0 0 0 DAVE BEREZOV DIRECTOR 3.00 X 0 0 0 CINDY HERRON DIRECTOR 3.00 X 0 0 0 CLINT GWIN PRESIDENT 60.00 X 233684 0 8496 HANK HELTON SENIOR VICE PRESIDENT 60.00 X 180735 0 5237 AMY BUNTON SENIOR VICE PRESIDENT 60.00 X 184576 0 432 BARBARA HARRIS CFO 60.00 X 164143 0 7193 JOE AGNETTA CHIEF CREDIT OFFICER 50.00 X 159633 0 180 DANIEL WILSON SVP OF LENDING OPERATIONS 50.00 X 124229 0 3016 ROBERT LANCASTER DIRECTOR OF ADVISORY SERVICES 50.00 X 112729 0 4286 PAUL HOFFMAN DIRECTOR OF POLICY AND IMPACTS 50.00 X 102730 0 2674 1262459 0 31514 7 0 1 0 PROFIT STARJACK HENRY & ASSOCIATGES PO BOX 807 MONETT MO 65708 ABL LOAN ADMINISTRATOR 147852 1 2849618 348957 609 3198575 LOAN INTEREST 900099 2978372 2978372 MANAGEMENT FEES 900099 287258 287258 FINANCING FEES AND CHA 900099 223351 223351 3488981 61640 61640 1416 -1416 -1416 -1416 6747780 3550621 0 -1416 944309 786423 151764 6122 879221 723685 143434 12102 35153 35147 6 320146 265628 50328 4190 276997 229827 43555 3615 132284 132284 70778 67842 2936 62828 51438 11390 229010 191456 27076 10478 4949 4780 169 124290 114351 9673 266 87752 71725 16027 112471 107321 4123 1027 111466 100056 6572 4838 982874 980491 2383 77369 62143 15226 78505 62804 15701 LOAN LOSS PROVISION REC 1075329 1075329 MISCELLANEOUS 388222 387590 632 TELECOMMUNICATIONS 41497 35194 6303 DUES, LICENSES & PERMIT 28271 24644 3627 3318 2805 498 15 6067039 5512963 511417 42659 2485882 2006843 24310555 30680850 58928 35672 230683 247916 46550976 54448252 69107 66577 2134515 500702 1610091 1633813 435757 435760 75751979 89555683 531052 703810 3060377 5000 13088961 15952773 32428788 35578788 4332008 14323778 53441186 66564149 X 21833252 22453102 477541 538432 22310793 22991534 75751979 89555683 680741 0 X X 0 1 X 1 1 1 X 6171407 7756898 4882541 4881676 3225797 26918319 6171407 7756898 4882541 4881676 3225797 26918319 26918319 26918319 13876040 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1912969 315982 1596987 221546 184720 36826 1633813 LINES OF CREDIT 14000000 MANAGED FUNDS 106484 NET UNAMORTIZED LOAN FEES 217294 14323778 X 6776418 27222 27222 6749196 -1416 -1416 6747780 6095677 27222 1416 28638 6067039 0 6067039 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 ARE NO PROVISIONS FOR INCOME TAXES, PENALTIES OR INTEREST RECEIVABLE OR PAYABLE RELATING TO UNCERTAIN INCOME TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT -1,416. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT 1,416. X X X X 0 0 0 0 0 0 0 0 0 CLINT GWIN PRESIDENT 217810 0 15874 0 0 0 8316 0 180 0 242180 0 0 0 HANK HELTON SENIOR VICE PRESIDENT 168190 0 12545 0 0 0 4961 0 276 0 185972 0 0 0 AMY BUNTON SENIOR VICE PRESIDENT 172031 0 12545 0 0 0 252 0 180 0 185008 0 0 0 BARBARA HARRIS CFO 152864 0 11279 0 0 0 6677 0 516 0 171336 0 0 0 JOE AGNETTA CHIEF CREDIT OFFICER 155758 0 3875 0 0 0 0 0 180 0 159813 0 0 0 HUGH QUEENER DIRECTOR OF THE ORGANIZATION 142604 INTEREST PAYMENTS TO BANK: MR. QUEENER WORKS FOR PINNACLE BANK AND WAS INVOLVED WITH THE LOAN ON THE BUILDING AND INVESTMENTS IN TNROF, KCTJF, TN-EELP 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 SAM HOWARD DIRECTOR OF THE ORGANIZATION 9244 LOAN TO COMPANY PARTLY OWNED: MR. HOWARD IS A MAJORITY OWNER OF MAMA TURNEY'S, A CLIENT COMPANY OF SOUTHEAST COMMUNITY CAPITAL. THE RELATIONSHIP IS FULLY DISCLOSED, AND MR. HOWARD DOES NOT PARTICIPATE AS A BOARD MEMBER IN ANY ACTIONS INVOLVING THIS CLIENT. THE LOAN WITH MAMA TURNEY'S ORIGINATED PRIOR TO MR. HOWARD JOINING THE BOARD OF SOUTHEAST COMMUNITY CAPITAL. THE DEPARTMENT OF TREASURY- COMMUNITY DEVELOPMENT FINANCIAL INSTITUTE ENCOURGAGES THE PARTICIPANTION OF CLIENTS ON THE BOARD. 0 HUGH QUEENER DIRECTOR OF THE ORGANIZATION 50760 BANK ACCOUNTS HELD AT BANK: MR. QUEENER WORKS FOR PINNACLE BANK WHERE SOUTHEAST COMMUNITY CAPITAL MAINTAINS INTEREST BEARING ACCOUNTS AND RECEIVED INTEREST IN THE NORMAL COURSE OF DOING BUSINESS. 0 SAM HOWARD DIRECTOR OF THE ORGANIZATION 2112 LOAN TO COMPANY PARTLY OWNED: MR. HOWARD HAS A 2% OWNERSHIP IN ARMOR CONCEPT, LLC, A CLIENT COMPANY OF SOUTHEAST COMMUNITY CAPITAL. THE RELATIONSHIP IS FULLY DISCLOSED, AND MR. HOWARD DOES NOT PARTICIPATE AS A BOARD MEMBER IN ANY ACTIONS INVOLVING THIS CLIENT. 0 HUGH QUEENER DIRECTOR OF THE ORGANIZATION 109852 PRINCIPAL PAYMENT ON THE MORTGAGE ON THE BUILDING:MR. QUEENER WORKS FOR PINNACLE BANK WHERE SOUTHEAST COMMUNITY CAPITAL MADE PRINCIPAL AND INTEREST PAYMENTS TO THE BANK IN THE NORMAL COURSE OF DOING BUSINESS. 0 HUGH QUEENER DIRECTOR OF THE ORGANIZATION 166782 MORTGAGE REFINANCED DUE TO IMPROVEMENTS RECEIVED:MR. QUEENER WORKS FOR PINNACLE BANK WHERE SOUTHEAST COMMUNITY CAPITAL MADE PRINCIPAL AND INTEREST PAYMENTS TO THE BANK IN THE NORMAL COURSE OF DOING BUSINESS. 0 FORM 990, PART VI, SECTION B, LINE 11 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 XII, LINE 2C: THE PROCESS IS THE SAME AS IN THE PRIOR YEAR.