2024-02-14T14:53:24-06:00 2022-12-31 721396621 CARR RIGGS & INGRAM LLC 111 VETERANS BLVD SUITE 350 METAIRIE LA 70005 990 2022-01-01 451351163 REGIONAL COMMUNITY FINANCE INC REGI 5045252505 1626 ORETHA CASTLE HALEY BLVD NEW ORLEANS LA 70113 KATHLEEN LABORDE DIRECTOR 5045252505 2024-02-14 1 KATHLEEN LABORDE 999009999 0 MELISSA Y DUHON CPA P01336607 5048379116 2024-02-14 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z KATHLEEN LABORDE 1626 ORETHA CASTLE HALEY BLVD NEW ORLEANS LA 70113 1453337 0 X N/A X 2012 LA TO FOSTER LOW AND MODERATE INCOME HOUSING, AND TO PROMOTE ECONOMIC DEVELOPMENT. 3 3 0 3 0 0 0 0 1356131 1453455 16 0 -2375 -118 1353772 1453337 0 0 0 0 95158 12067 0 0 0 1541116 1799826 1636274 1811893 -282502 -358556 27779646 47829039 23461441 43701250 4318205 4127789 X THE NATURE OF THE BUSINESS OR PURPOSE TO BE CONDUCTED OR PROMOTED IS AS FOLLOWS: (I) TO FOSTER LOW AND MODERATE INCOME HOUSING; (II) TO PROMOTE ECONOMIC DEVELOPMENT THROUGH COMMUNITY DEVELOPMENT PROJECTS PRIMARILY TARGETED TO BENEFIT LOW AND MODERATE INCOME RESIDENTS; (III) TO RELIEVE THE BURDENS OF THE GOVERNMENT; (IV) TO WORK WITH OTHER NATIONAL, REGIONAL AND LOCAL ORGANIZATIONS TO FURTHER THE FOALS OF THE CORPORATION. 0 0 1778128 1453337 REGIONAL COMMUNITY FINANCE, INC. HAS PROVIDED OVER $25 MILLION IN COMMUNITY DEVELOPMENT LOAN FUNDS IN NEW MARKETS TAX CREDIT TRANSACTIONS THAT BENEFIT LOW INCOME COMMUNITIES IN NEW ORLEANS AND BATON ROUGE, LOUISIANA. THE PROJECTS INCLUDE NEW COMMERCIAL REAL ESTATE THAT SERVES AS PART OF LARGER MIXED USE DEVELOPMENTS AND REDEVELOPMENT OF VACANT PROPERTIES INTO COMMERCIAL AND COMMUNITY FACILITIES. REGIONAL COMMUNITY FINANCE ALSO HAS AN OPERATING LEASE ON ONE OF THE NEW MARKETS TAX CREDIT PROPERTIES. 1778128 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X RICHARD CAMPBELL 5045252505 1626 ORETHA CASTLE HALEY BLVD NEW ORLEANS LA 70113 X SCOTT SIMMONS PRESIDENT 0.50 X 0 0 0 LISA MAZIQUE DIRECTOR 0.50 X 0 0 0 KATHLEEN LABORDE DIRECTOR 2.00 X X 0 0 0 RICHARD CAMPBELL TREASURER/SECRTARY 0.50 X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 531120 703413 703413 INTEREST INCOME 522292 575668 575668 OTHER PROGRAM SERVICE 522292 174374 174374 1453455 K-1 INCOME/(LOSS) 531390 -118 -118 -118 1453337 1453337 0 0 12067 12067 21015 21015 50 50 12700 12700 881 881 535737 535737 1169141 1169141 52507 52507 7795 7795 1811893 1778128 33765 0 7463985 7729307 66053 269820 39527 19083450 21798731 1673 906 7318443 0 810663 7318443 47024 47024 36978 10895101 27779646 47829039 154260 1851629 844361 816931 20406321 28267073 822566 1233933 12765617 23461441 43701250 X 4318205 4127789 4318205 4127789 27779646 47829039 X -358556 168140 X X 0 1 X 0 0 X 3136301 841100 3977401 3136301 841100 3977401 3977401 1402 269 90 16 1777 -293 -3636 -2800 -2375 -9104 3970074 1.00000 0.99910 X 305000 305000 7013443 7013443 7318443 RIGHT OF USE ASSET 10820288 OTHER ASSETS 24789 INTEREST RECEIVABLE 50024 10895101 INTEREST PAYABLE 111662 LEASE PAYABLE 12534885 OTHER LIABILITIES 119070 12765617 X 1453337 0 1453337 0 1453337 1811893 0 1811893 0 1811893 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION CONTRACTED WITH GCHP-MANAGEMENT, LLC TO PERFORM THE DAILY ADMINISTRATIVE AND ACCOUNTING FUNCTIONS OF THE COMPANY. FORM 990, PART VI, SECTION A, LINE 8B THE COMPLETED FORM 990 IS DISTRIBUTED TO EACH OF THE BOARD MEMBERS VIA E-MAIL FOR REVIEW AND COMMENTS PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DISTRIBUTES THE FORM 990 TO THE FULL BOARD TO REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND DIRECTORS REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. THE POLICY REQUIRES DISCLOSURE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST TO THE DIRECTORS CONSIDERING A PROPOSED TRANSACTION. THE BOARD, WHEN ADDRESSING THE TRANSACTION, WILL DECIDE IF A CONFLICT OF INTEREST EXISTS BY REVIEWING ALL MATERIAL FACTS AND DISCUSSING WITH THE INTERESTED PERSON. THIS CAN INCLUDE A PRESENTATION BY THE INTERESTED PERSON, AN INVESTIGATION BY A THIRD PARTY, OR A MAJORITY VOTE OF DISINTERESTED DIRECTORS. THE INTERESTED PERSON MAY NOT PARTICIPATE IN THE VOTE OF THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 ALL INFORMATION IS AVAILABLE TO THE PUBLIC BY PROVIDING A REQUEST TO THE PRESIDENT. FORM 990, PART XI, LINE 9: IMPLEMENTATION OF FASB ASC 842 -229,313. NON-CONTROLLING INTEREST 397,335. K-1 INCOME/(LOSS) 118. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR IN THE OVERSIGHT OR SELECTION PROCESS FOR THE AUDIT THAT THE ORGANIZATION'S BOARD OF DIRECTORS USES. GCHP-MLK LEVERAGE LENDER LLC 1626 ORETHA CASTLE HALEY BLVD SUITE NEW ORLEANS LA 70113 274568140 LENDING LA 81736 2020802 REGIONAL COMMUNITY FINANCE INC OCH COMMERCIAL LLC 1626 ORETHA CASTLE HALEY BLVD SUITE NEW ORLEANS LA 70113 864001239 QALICB - FINANCING/FUNDING LA -1984 8305860 REGIONAL COMMUNITY FINANCE INC