2012-05-14T11:30:31-05:00 2011-12-31 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2011-01-01 621823596 SOUTHEAST COMMUNITY CAPITAL CORPORATION D/B/A PATHWAY LENDING SOUT 6154257171 201 VENTURE CIRCLE NASHVILLE TN 37228 CLINT GWIN 6152546113 2012-05-11 1 VALERIE SHELTON P00075603 6152427351 2012-05-07 2011 2016-02-24 21:20:13Z CLINT GWIN 201 VENTURE CIRCLE NASHVILLE TN 37228 8158911 0 X WWW.PATHWAYLENDING.ORG X 1999 TN TO PROVIDE UNDERSERVED SMALL BUSINESSES WITH LENDING SOLUTIONS AND EDUCATIONAL SERVICES THAT RESULT IN JOB CREATION AND ECONOMIC DEVELOPMENT. 8 8 23 0 0 0 9538418 6171407 1358081 1589577 115278 397927 0 0 11011777 8158911 0 0 0 0 1244731 1682669 0 0 0 2732111 2741420 3976842 4424089 7034935 3734822 53973651 61900394 45301465 49493386 8672186 12407008 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. AT DECEMBER 31, 2011, SOUTHEAST COMMUNITY CAPITAL HAD 128 LOANS TO SMALL, START-UP AND DISADVANTAGED BUSINESSES THAT LACKED ACCESS TO TRADITIONAL BANKING CREDIT. 0 0 4232767 1987504 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.D.A. RURAL DEVELOPMENT, U.S. TREASURY DEPARTMENT CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), TN RURAL OPPORTUNITY FUND AND TENNESSEE SMALL BUSINESS JOB OPPORTUNITY FUND, ETC. 4232767 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 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 0 1 20 0 1 23 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 TN X X BARBARA HARRIS 6154257184 201 VENTURE CIRCLE NASHVILLE TN 37228 JIM CARTER 3.00 X 0 0 0 MARY NEIL PRICE 3.00 X 0 0 0 SAM HOWARD 3.00 X 0 0 0 HUGH QUEENER 3.00 X 0 0 0 TOM ROGERS 3.00 X 0 0 0 JOY FISHER 3.00 X 0 0 0 KEN BREEDEN 3.00 X 0 0 0 DAVE BEREZOV 3.00 X 0 0 0 CLINT GWIN 60.00 X 213920 0 14464 HANK HELTON 60.00 X 165721 0 4920 AMY BUNTON 60.00 X 170095 0 9720 BARBARA HARRIS 60.00 X 144189 0 10716 693925 0 39820 4 0 1 0 0 6153069 18338 6171407 LOAN INTEREST 900099 1432676 1432676 FINANCING FEES AND CHA 900099 87732 87732 MANAGEMENT FEES 900099 69169 69169 1589577 397927 397927 8158911 1987504 0 0 733746 657088 76658 739010 724229 14781 4315 4229 86 98032 96071 1961 107566 105415 2151 77215 70088 7127 30661 25295 5366 87559 77597 9962 91425 87315 4110 36000 33254 2746 88670 78944 9726 95863 88568 7295 24748 21787 2961 742617 738911 3706 76381 65474 10907 52979 42479 10500 LOAN LOSS PROVISION 1123433 1123433 0 TELECOMMUNICATIONS 92979 79449 13530 MISCELLANEOUS 60553 59302 1251 DUES, LICENSES & PERMIT 32609 29356 3253 27728 24483 3245 4424089 4232767 191322 0 27673950 36208812 8302823 748469 184124 141123 16142950 23200888 38145 47493 1954528 407202 1599712 1547326 31947 6283 53973651 61900394 594001 560630 7320190 9742675 14546194 13355610 22324304 25237641 516776 596830 45301465 49493386 X 7857366 11696968 814820 710040 8672186 12407008 53973651 61900394 3734822 0 X X 0 1 1 X 1 1 X 825690 771363 2597890 9538418 6171407 19904768 9750 6000 4000 19750 835440 777363 2601890 9538418 6171407 19924518 19924518 19924518 7280974 1.00000 0.99990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1621542 143320 1478222 14447 14447 0 318539 249435 69104 1547326 LINES OF CREDIT 336287 MANAGED FUNDS 106484 NET UNAMORTIZED LOAN FEES 154059 596830 8158911 4424089 3734822 3734822 8158911 0 8158911 0 8158911 4424089 0 4424089 0 4424089 X X X X 0 0 0 0 0 0 0 1 0 CLINT GWIN 213920 0 0 0 0 0 9544 0 4920 0 228384 0 0 0 HANK HELTON 165721 0 0 0 0 0 0 0 4920 0 170641 0 0 0 AMY BUNTON 170095 0 0 0 0 0 4800 0 4920 0 179815 0 0 0 BARBARA HARRIS 144189 0 0 0 0 0 5796 0 4920 0 154905 0 0 0 PART I, LINE 7 THE ORGANIZATION PAID BONUS COMPENSATION BASED ON CERTAIN LEVELS OF ORGANIZATIONAL PERFORMACE INCLUDING MAINTENANCE OF CDFI CERTIFICATION, COMPLIANCE WITH CDFI GOALS, MAINTENANCE OF EXEMPTION, AND POSITIVE CASH FLOW. HUGH QUEENER DIRECTOR OF THE ORGANIZATION 256858 INTEREST PAYMENTS TO BANK: MR. QUEENER WORKS FOR PINNACLE NATIONAL BANK AND WAS INVOLVED WITH THE LOAN ON THE BUILDING AND INVESTMENTS IN TNROF, KCTJF AND TN-EELP. 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 4100 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. 0 HUGH QUEENER DIRECTOR OF THE ORGANIZATION 264789 BANK ACCOUNTS HELD AT BANK: MR. QUEENER WORKS FOR PINNACLE NATIONAL BANK WHERE SOUTHEAST COMMUNITY CAPITAL MAINTAINS INTEREST BEARING ACCOUNTS AND RECEIVED INTEREST 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 OTHER BOARD MEMBERS AFTER IT IS FILED FOR THEIR APPROVAL. 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 ALSO LOOKED AT ON CAREERBUILDER AND SALARY.COM AND OTHER AVAILABLE 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 HAS NOT CHANGED FROM THE PREVIOUS YEAR.