- 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.
-
APPALACHIAN COMMUNITY CAPITAL CORPORATION
EIN 46-2815132
-
APPALACHIAN COMMUNITY CAPITAL DEVELOPMENT FOUNDATION
EIN 46-2827486
-
LOCUS
EIN 86-3988949
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 HannaDIXON 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 IIICHARLIE 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 DolanCATHY 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 PembrokeMARY 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 ArmstrongKIM ARMSTRONG
DIRECTOR
- Total calculated
- $12,150
- From this org
- $1,500
- From related orgs
- $10,650
- Other
- $0
- Hours/week
- 1 + 1 related
-
Jackie PuenteJACKIE PUENTE
DIRECTOR
- Total calculated
- $10,450
- From this org
- $10,450
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1 + 1 related
-
Florence KingstonFLORENCE KINGSTON
DIRECTOR
- Total calculated
- $13,850
- From this org
- $0
- From related orgs
- $13,850
- Other
- $0
- Hours/week
- 1 + 1 related
-
Sherry MagillSHERRY 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 SheltonWILLIAM SHELTON
DIRECTOR
- Total calculated
- $15,650
- From this org
- $0
- From related orgs
- $15,650
- Other
- $0
- Hours/week
- 1 + 1 related
-
Akshay NandakumarAKSHAY NANDAKUMAR
DIRECTOR
- Total calculated
- $8,450
- From this org
- $8,450
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1 + 1 related
-
David EdwardsDAVID EDWARDS
DIRECTOR
- Total calculated
- $4,750
- From this org
- $0
- From related orgs
- $4,750
- Other
- $0
- Hours/week
- 1 + 1 related
-
James HarknessJAMES HARKNESS
DIRECTOR
- Total calculated
- $2,850
- From this org
- $0
- From related orgs
- $2,850
- Other
- $0
- Hours/week
- 1 + 1 related
-
Amir KirkwoodAMIR 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 CornettCLYDE 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 ColemanASHLEY 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-ChristensenSTACEY 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 ZenonANGELA 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 IsaacHOSHEUS 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 MaddyERNEST 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 BaekJAMES 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 NoweryCAROLINE 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 TaylorPETER 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 JacksonTAMMY 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 GreenleafWILLIAM 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.
Grants received
-
$2,175,000
2022 ECONOMIC PROSPERITY
-
$125,000
2023 ECONOMIC PROSPERITY
-
2022 BUSINESS DEVELOPMENT IN APPALACHIA
-
$100,000
2024 ECONOMIC PROSPERITY
-
$11,011
2024 NONE
-
$4,384
2024 CIGP BINW CLAIM-20240426
-
2024 TO PROVIDE GENERAL SUPPORT
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
-
501(C)(3) · TO SUPPORT AND AID COMMUNITY AND ECONOMIC DEVELOPMENT · VA
Declared as related by
-
On its 2024 return as a controlled entity
-
On its 2023 return
-
On its 2023 return
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.