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LOCUS IMPACT FUND

EIN 54-1754009 CHRISTIANSBRG, VA

Browse the largest nonprofits in Virginia

Revenue 2024
$10,759,380
Expenses 2024
$9,778,078

Program services were 80.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
S40
Classification
1200
Street
110 PEPPERS FRY RD NW

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

3 other organizations in the IRS Business Master File list the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Mission

OUR MISSION IS TO OFFER INNOVATIVE, FLEXIBLE FINANCIAL PRODUCTS DESIGNED TO SUPPORT HOUSING AND COMMUNITY DEVELOPMENT VENTURES, INCREASE JOBS AND BUILD SUSTAINABLE COMMUNITIES. LOCUS IMPACT FUND OFFERS LOAN CAPITAL THAT IS BROADER THAN BANK LENDING TO PROJECTS THAT HAVE A POSITIVE IMPACT IN LOW TO MODERATE INCOME COMMUNITIES IN UNDERSERVED GEOGRAPHIES AND MARKETS.

Activities or mission (Part I)

OUR MISSION IS TO OFFER INNOVATIVE, FLEXIBLE FINANCIAL PRODUCTS DESIGNED TO SUPPORT HOUSING AND COMMUNITY DEVELOPMENT VENTURES, INCREASE JOBS AND BUILD SUSTAINABLE COMMUNITIES. LOCUS OFFERS LOAN CAPITAL THAT IS BROADER THAN BANK LENDING TO PROJECTS THAT HAVE A POSITIVE IMPACT IN LOW TO MODERATE INCOME COMMUNITIES IN UNDERSERVED GEOGRAPHIES AND MARKETS.

  • AID COMMUNITY DEVELOPMENT BY PROVIDING LOANS, LOAN GUARANTEES AND OTHER FORMS OF DEBT OR EQUITY FINANCING FOR COMMUNITY AND BUSINESS ORGANIZATIONS, AS WELL AS TO PROVIDE TRAINING AND TECHNICAL ASSISTANCE TO BUSINESS OWNERS AND MANAGERS.

    Expenses $7,821,231 · Grants $200,239 · Revenue $4,568,546

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Dixon Hanna

    CHAIRMAN

    Total calculated
    $9,850
    From this org
    $0
    From related orgs
    $9,850
    Other
    $0
    Hours/week
    1 + 1 related
  • Charlie H Mills III

    DIRECTOR

    Total calculated
    $8,400
    From this org
    $0
    From related orgs
    $8,400
    Other
    $0
    Hours/week
    1 + 1 related
  • Cathy Dolan

    DIRECTOR

    Total calculated
    $10,950
    From this org
    $1,500
    From related orgs
    $9,450
    Other
    $0
    Hours/week
    1 + 1 related
  • Mary Dwyer Pembroke

    DIRECTOR

    Total calculated
    $7,150
    From this org
    $7,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5 + 0.5 related
  • Kim Armstrong

    DIRECTOR

    Total calculated
    $12,150
    From this org
    $1,500
    From related orgs
    $10,650
    Other
    $0
    Hours/week
    1 + 1 related
  • Jackie Puente

    DIRECTOR

    Total calculated
    $10,450
    From this org
    $10,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related
  • Florence Kingston

    DIRECTOR

    Total calculated
    $13,850
    From this org
    $0
    From related orgs
    $13,850
    Other
    $0
    Hours/week
    1 + 1 related
  • Sherry Magill

    DIRECTOR

    Total calculated
    $6,350
    From this org
    $0
    From related orgs
    $6,350
    Other
    $0
    Hours/week
    0.5 + 0.5 related
  • William Shelton

    DIRECTOR

    Total calculated
    $15,650
    From this org
    $0
    From related orgs
    $15,650
    Other
    $0
    Hours/week
    1 + 1 related
  • Akshay Nandakumar

    DIRECTOR

    Total calculated
    $8,450
    From this org
    $8,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related
  • David Edwards

    DIRECTOR

    Total calculated
    $4,750
    From this org
    $0
    From related orgs
    $4,750
    Other
    $0
    Hours/week
    1 + 1 related
  • James Harkness

    DIRECTOR

    Total calculated
    $2,850
    From this org
    $0
    From related orgs
    $2,850
    Other
    $0
    Hours/week
    1 + 1 related
  • Amir Kirkwood

    PRESIDENT & CEO

    Total calculated
    $390,671
    From this org
    $70,875
    From related orgs
    $319,796
    Other
    $0
    Hours/week
    17 + 23 related

    Schedule J breakdown matched by us

    Base
    $29,334 + $290,462 related
    Bonus
    $41,541 + $29,334 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $70,875 + $319,796 related
  • Clyde Cornett

    CHIEF FINANCIAL OFFICER

    Total calculated
    $372,359
    From this org
    $196,296
    From related orgs
    $164,537
    Other
    $11,526
    Hours/week
    17 + 23 related

    Schedule J breakdown matched by us

    Base
    $164,910 + $139,673 related
    Bonus
    $31,386 + $24,864 related
    Other
    $0
    Deferred
    $6,250 + $5,276 related
    Nontaxable benefits
    $0
    Filer's total
    $202,546 + $169,813 related
  • Ashley N Coleman

    ASSISTANT SECRETARY

    Total calculated
    $173,614
    From this org
    $78,632
    From related orgs
    $89,028
    Other
    $5,954
    Hours/week
    17 + 23 related

    Schedule J breakdown matched by us

    Base
    $70,541 + $82,619 related
    Bonus
    $8,091 + $6,409 related
    Other
    $0
    Deferred
    $2,758 + $3,196 related
    Nontaxable benefits
    $0
    Filer's total
    $81,390 + $92,224 related
  • Stacey Antonelli-Christensen

    SECRETARY

    Total calculated
    $59,623
    From this org
    $35,718
    From related orgs
    $22,446
    Other
    $1,459
    Hours/week
    17 + 23 related
  • Angela C Zenon

    CHIEF GROWTH AND STRATEGY OFFICER

    Total calculated
    $249,927
    From this org
    $117,538
    From related orgs
    $126,284
    Other
    $6,105
    Hours/week
    17 + 23 related

    Schedule J breakdown matched by us

    Base
    $97,393 + $112,059 related
    Bonus
    $20,145 + $14,225 related
    Other
    $0
    Deferred
    $3,583 + $2,522 related
    Nontaxable benefits
    $0
    Filer's total
    $121,121 + $128,806 related
  • Hosheus Isaac

    CHIEF CREDIT OFFICER

    Total calculated
    $195,475
    From this org
    $86,992
    From related orgs
    $108,483
    Other
    $0
    Hours/week
    17 + 23 related

    Schedule J breakdown matched by us

    Base
    $70,567 + $84,908 related
    Bonus
    $16,425 + $23,575 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $86,992 + $108,483 related
  • Ernest Maddy

    SR. RELATIONSHIP MANAGER III, AFFORDABLE HOUSING L

    Total calculated
    $158,712
    From this org
    $60,181
    From related orgs
    $93,119
    Other
    $5,412
    Hours/week
    17 + 23 related

    Schedule J breakdown matched by us

    Base
    $52,790 + $82,510 related
    Bonus
    $7,391 + $10,609 related
    Other
    $0
    Deferred
    $2,112 + $3,300 related
    Nontaxable benefits
    $0
    Filer's total
    $62,293 + $96,419 related
  • James Baek

    SR. VICE PRESIDENT, CIGP

    Total calculated
    $270,304
    From this org
    $185,068
    From related orgs
    $76,020
    Other
    $9,216
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $164,438 + $76,020 related
    Bonus
    $20,630
    Other
    $0
    Deferred
    $6,429 + $2,787 related
    Nontaxable benefits
    $0
    Filer's total
    $191,497 + $78,807 related
  • Caroline Nowery

    CHIEF EXTERNAL AFFAIR OFFICER, SVP

    Total calculated
    $248,752
    From this org
    $110,265
    From related orgs
    $130,687
    Other
    $7,800
    Hours/week
    17 + 23 related

    Schedule J breakdown matched by us

    Base
    $90,044 + $112,648 related
    Bonus
    $20,221 + $18,039 related
    Other
    $0
    Deferred
    $3,488 + $4,312 related
    Nontaxable benefits
    $0
    Filer's total
    $113,753 + $134,999 related
  • Peter Taylor

    CHIEF INFORMATION OFFICER

    Total calculated
    $222,789
    From this org
    $117,900
    From related orgs
    $97,405
    Other
    $7,484
    Hours/week
    17 + 23 related

    Schedule J breakdown matched by us

    Base
    $106,430 + $87,875 related
    Bonus
    $11,470 + $9,530 related
    Other
    $0
    Deferred
    $4,099 + $3,385 related
    Nontaxable benefits
    $0
    Filer's total
    $121,999 + $100,790 related
  • Tammy Jackson

    CHIEF HUMAN CAPITAL OFFICER, SVP

    Total calculated
    $218,318
    From this org
    $105,763
    From related orgs
    $106,468
    Other
    $6,087
    Hours/week
    17 + 23 related

    Schedule J breakdown matched by us

    Base
    $83,289 + $90,742 related
    Bonus
    $22,474 + $15,726 related
    Other
    $0
    Deferred
    $3,008 + $3,079 related
    Nontaxable benefits
    $0
    Filer's total
    $108,771 + $109,547 related
  • William Greenleaf

    EXECUTIVE DIRECTOR, IMPACT LENDING

    Total calculated
    $214,001
    From this org
    $141,622
    From related orgs
    $65,002
    Other
    $7,377
    Hours/week
    17 + 23 related

    Schedule J breakdown matched by us

    Base
    $132,880 + $52,454 related
    Bonus
    $8,742 + $12,548 related
    Other
    $0
    Deferred
    $5,279 + $2,098 related
    Nontaxable benefits
    $0
    Filer's total
    $146,901 + $67,100 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $10,759,380
    Expenses
    $9,778,078
    Contributions
    $6,190,834
    Grants paid
    $200,239
  • 2023
    Revenue
    $9,660,698
    Expenses
    $8,733,182
    Contributions
    $5,045,476
    Grants paid
    $60,000
  • 2022
    Revenue
    $9,556,651
    Expenses
    $5,097,939
    Contributions
    $6,626,276
    Grants paid
    $635,000

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $9,502,783
    Expenses
    $5,939,072
    Assets (EOY)
    $56,421,694
  • 2020 · 990

    Revenue
    $7,957,534
    Expenses
    $5,451,826
    Assets (EOY)
    $86,360,027
  • 2019 · 990

    Revenue
    $6,635,253
    Expenses
    $5,621,386
    Assets (EOY)
    $81,321,415
  • 2018 · 990

    Revenue
    $8,066,526
    Expenses
    $5,476,223
    Assets (EOY)
    $77,081,940
  • 2017 · 990

    Revenue
    $6,296,292
    Expenses
    $5,280,650
    Assets (EOY)
    $69,370,825
  • 2016 · 990

    Revenue
    $5,306,924
    Expenses
    $4,819,651
    Assets (EOY)
    $57,664,923
  • 2015 · 990

    Revenue
    $4,437,027
    Expenses
    $3,854,561
    Assets (EOY)
    $55,125,581
  • 2014 · 990

    Revenue
    $4,105,086
    Expenses
    $3,381,987
    Assets (EOY)
    $53,478,027
  • 2013 · 990

    Revenue
    $3,884,634
    Expenses
    $2,888,992
    Assets (EOY)
    $44,452,524
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $2,147,058
    Assets (EOY)
    $43,486,706

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

  • 2024 SE REGIONAL FOOD BUSINESS CENTER SUBAWARD EXPENSES

  • FC PHASE 1 LLC

    $100,000

    2022 CAPITAL MAGNET GRANT TO SUPPORT AFFORDABLE HOUSING

  • MHV PRESERVATION PARTNERS LP

    $100,000

    2022 CAPITAL MAGNET GRANT TO SUPPORT AFFORDABLE HOUSING

  • POPLAR CREEK

    $100,000

    2022 CAPITAL MAGNET GRANT TO SUPPORT AFFORDABLE HOUSING

  • COOL LANE APARTMENTS

    $100,000

    2022 CAPITAL MAGNET GRANT TO SUPPORT AFFORDABLE HOUSING

  • WINCHESTER FORREST II

    $100,000

    2022 CAPITAL MAGNET GRANT TO SUPPORT AFFORDABLE HOUSING

  • SCDHC-HIGH STREET LLC

    $100,000

    2024 SUPPORT FOR MULTFAMILY HOUSING DEVELOPMENT

  • GRANDE OAK VA LLC

    $50,000

    2022 CAPITAL MAGNET GRANT TO SUPPORT AFFORDABLE HOUSING

  • THE PAKALACHIAN

    $10,000

    2022 SWVA REGIONAL BRISTOL CASINO PITCH CONTEST

  • VIRGINIA MOUNTAIN VINEYARDS

    $10,000

    2022 SWVA REGIONAL BRISTOL CASINO PITCH CONTEST

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

  • LOCUS

    501(C)(3) · TO SUPPORT AND AID COMMUNITY AND ECONOMIC DEVELOPMENT · VA

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2024 return

  • RIVER CITY REAL ESTATE 1001 LLC

    FORECLOSED REAL ESTATE HOLDING · VA

  • MOUNTAIN REAL ESTATE 2001 LLC

    FORECLOSED REAL ESTATE HOLDING · VA

  • COMMUNITY INVESTMENT GUARANTEE POOL LLC

    SUPPORT FOR COMMUNITY INVESTMENTS · VA

Related corporations and trusts on its 2024 return

  • LOCUS BANK

    C · COMMUNITY DEVELOPMENT BANK · VA · 99.6% owned

  • LOCUS CAPITAL INC

    C · INVESTMENT ADVICE · VA · 100% owned

  • CCB REAL ESTATE HOLDINGS INC

    C · REAL ESTATE HOLDINGS · VA · 100% owned

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.