2024-11-14T14:05:02-06:00 2023-12-31 430765316 RUBINBROWN LLP 7676 FORSYTH BLVD SUITE 2100 SAINT LOUIS MO 63105 990 2023-01-01 431553849 TECHNICAL ASSISTANCE CORPORATION TECH 3142319400 1627 WASHINGTON AVENUE ST LOUIS MO 63103 COLLEEN HAFNER PRESIDENT 3142319400 2024-11-14 1 1 KIMBERLY A RYAN P00829977 3142903300 2023 2024-10-15 13:58:12Z COLLEEN HAFNER 1627 WASHINGTON AVENUE ST LOUIS MO 63103 1792047 0 X WWW.RISESTL.ORG X 1990 MO TO REDEVELOP AND STRENGTHEN COMMUNITIES IN COOPERATION WITH RISE COMMUNITY DEVELOPMENT. 9 9 0 9 0 0 50000 50000 59897 1742047 0 0 0 0 109897 1792047 0 0 0 0 0 0 0 0 669 176646 227011 176646 227011 -66749 1565036 9309456 10981154 1357122 1463656 7952334 9517498 X TECHNICAL ASSISTANCE CORPORATION ("TAC") WORKS TO REDEVELOP AND STRENGTHEN COMMUNITIES BY PROVIDING HOUSING DEVELOPMENT SERVICES, CAPACITY-BUILDING AND FINANCING FOR THE SUCCESSFUL REVITALIZATION OF NEIGHBORHOODS IN THE ST. LOUIS METROPOLITAN AREA IN COOPERATION WITH RISE COMMUNITY DEVELOPMENT, A 501(C)(3) ORGANIZATION. 0 0 24922 1742047 PREDEVELOPMENT AND PERMANENT FINANCING: MOST NONPROFIT COMMUNITY DEVELOPMENT ORGANIZATIONS DO NOT HAVE THE ABILITY TO PAY THE COSTS NECESSARY TO GET A DEVELOPMENT PROJECT TO THE POINT WHERE CONVENTIONAL CONSTRUCTION FINANCING BECOMES AVAILABLE. TO GET REDEVELOPMENT PROJECTS STARTED IN ST. LOUIS' MOST DISTRESSED NEIGHBORHOODS, TECHNICAL ASSISTANCE CORPORATION ("TAC") OFFERS PREDEVELOPMENT LOANS TO NONPROFIT NEIGHBORHOOD ORGANIZATIONS, ENABLING THEM TO START PLANNING AND BUILDING TOWARD A VISION OF IMPROVED NEIGHBORHOOD VITALITY. THESE LOANS ARE OFFERED AT BELOW-MARKET INTEREST RATES AND PROVIDE A "FIRST-IN" SOURCE OF FINANCING, ACCELERATING THE TIME FROM CONCEPT TO CONSTRUCTION AND ABSORBING THE RISK THAT CANNOT BE ACCEPTED BY CONVENTIONAL LENDERS. TAC ALSO RECEIVES TAX CREDIT GENERATED CHARITABLE CONTRIBUTIONS THAT IT USES TO MAKE SUBORDINATE LOANS AND EQUITY INVESTMENTS IN AFFORDABLE HOUSING DEVELOPMENTS UNDERTAKEN EITHER BY ITS OWN AFFILIATES OR UNRELATED THIRD PARTY AFFORDABLE HOUSING DEVELOPERS. TAC HAS PROVIDED OVER $35 MILLION IN LOANS FOR THE DEVELOPMENT OF OVER 3,500 AFFORDABLE HOMES IN THE ST. LOUIS AREAS.RISE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) WAS LAUNCHED IN JULY 2020 TO PROVIDE LOANS AND SERVICES TO SMALL CONTRACTORS, DEVELOPERS, AND BUSINESSES THAT ARE UNDERSERVED BY TRADITIONAL BANKS. RISE CDFI SUPPORTS TAC'S EXISTING WORK IN SOME OF THE REGION'S MOST DISINVESTED COMMUNITIES WHERE APPRAISAL GAPS PREVENT TRADITIONAL LENDERS FROM DOING BUSINESS, AND A LACK OF COORDINATED COMMUNITY-DRIVEN PLANS AND INVESTMENT STRATEGIES HAVE PERPETUATED INEFFICIENT AND INSUFFICIENT DEVELOPMENT. THE INTENTION OF THE CDFI IS TO SUPPORT ECONOMICALLY PRODUCTIVE ACTIVITIES WITHIN THE LOCAL COMMUNITY IN ORDER TO FOSTER ECONOMIC DEVELOPMENT, IMPROVE THE FINANCIAL WELL-BEING OF THE LOCAL COMMUNITY, AND, IN PARTICULAR, THE FINANCIAL WELL-BEING OF THE INVESTMENT AREA AND THE LOW-INCOME PEOPLE LIVING AND WORKING IN THE LOCAL COMMUNITY. 24922 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X COLLEEN HAFNER 3143337000 1627 WASHINGTON AVENUE ST LOUIS MO 63103 JOE AMBROSE DIRECTOR 1.00 2.00 X 0 0 0 MARY CAMPBELL DIRECTOR 1.00 2.00 X 0 0 0 JONATHAN GOLDSTEIN DIRECTOR 1.00 2.00 X 0 0 0 MICHAEL HOLMES DIRECTOR 1.00 2.00 X 0 0 0 DAVID C MASON DIRECTOR 1.00 2.00 X 0 0 0 MICHAEL MCMILLAN DIRECTOR 1.00 2.00 X 0 0 0 W THOMAS REEVES DIRECTOR 1.00 2.00 X 0 0 0 HENRY HANK S WEBBER DIRECTOR 1.00 2.00 X 0 0 0 RANDY WELLER DIRECTOR 1.00 2.00 X 0 0 0 TERRELL CARTER PRESIDENT (THRU 11/2023) 1.00 41.00 X 0 139273 16029 COLLEEN HAFNER PRESIDENT 1.00 41.00 X 0 75851 34580 MARK STROKER VICE PRESIDENT 1.00 41.00 X 0 104050 35841 JASON WARE TREASURER (THRU 7/2023) 1.00 41.00 X 0 70588 5022 BRIAN HURD TREASURER 1.00 41.00 X 0 77154 15002 KATHY KINGSBURY SECRETARY 1.00 40.00 X 0 69382 24940 0 536298 131414 0 0 1 0 0 50000 50000 LOAN REPAYMENT 522292 1359483 1359483 INTEREST (PROGRAM) 522292 382564 382564 1742047 1792047 1742047 0 0 17891 17891 8720 5767 2284 669 19103 19103 BAD DEBTS 181245 181245 OTHER TAXES AND LICENSE 52 52 227011 24922 201420 669 440053 532391 174323 258553 6818994 6084277 1876086 4105933 9309456 10981154 16984 0 1340138 1463656 1357122 1463656 X 7277421 9279297 674913 238201 7952334 9517498 9309456 10981154 X 1565036 -36042 36170 X X 0 1 X 1 0 X X 1 RISE COMMUNITY DEVELOPMENT 431611669 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DEVELOPMENT LOANS 4922900 C INVESTMENT - ST. LOUIS PUBLIC DEV CORP II 414930 C INVESTMENT - ST. LOUIS PUBLIC DEV CORP V 746447 C 6084277 DUE FROM AFFILIATES 217250 DUE FROM RELATED PARTNERSHIPS 2727306 NOTES RECEIVABLE 1161377 4105933 0 0 0 0 0 0 0 0 0 TERRELL CARTER PRESIDENT (THRU 11/2023) 0 129273 0 10000 0 0 0 7642 0 8387 0 155302 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS OF RISE COMMUNITY DEVELOPMENT (FORMERLY RHCDA) APPOINTS THE DIRECTORS OF TAC. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS REVIEWED AND APPROVED BY RISE COMMUNITY DEVELOPMENT'S FINANCE COMMITTEE BEFORE FILING. THE 990 WAS ALSO DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM WHEREIN THEY DISCLOSE POTENTIAL AREAS OF CONFLICT OF INTEREST. THIS FORM IS THEN REVIEWED BY RISE COMMUNITY DEVELOPMENT'S PRESIDENT AND THEN DISTRIBUTED TO ALL BOARD MEMBERS FOR THEIR REVIEW. FORM 990, PART VI, SECTION C, LINE 19 TAC'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: WRITE-OFF OF DUE TO/DUE FROM BALANCES BETWEEN RELATED ENTITIES 36,170. FORM 990, PART IV, LINE 34 AND SCHEDULE R RISE COMMUNITY DEVELOPMENT (RISE) IS A NOT-FOR-PROFIT CHARITABLE ORGANIZATION THAT CARRIES OUT ITS MISSION THROUGH SEVERAL RELATED ENTITIES. TECHNICAL ASSISTANCE CORPORATION (TAC) AND ST. LOUIS PUBLIC DEVELOPMENT CORPORATION I (PDC I) ARE NOT-FOR-PROFIT AFFILIATES. TAC CARRIES OUT ITS ORGANIZATIONAL PURPOSES PRINCIPALLY THROUGH THE OTHER PDC'S LISTED AND EFFECTIVELY CONTROLS THEIR OPERATIONS. THESE PDC'S ARE ORGANIZED UNDER THE MISSOURI NONPROFIT (NONSTOCK) CORPORATION ACT, BUT ARE NOT CLASSIFIED AS TAX EXEMPT UNDER SECTION 501(C)(3). TAC IS ALSO SOLE OWNER OF GREATER ST. LOUIS LAND DEVELOPMENT FUND, A MISSOURI FOR-PROFIT CORPORATION. OLD NORTH ST. LOUIS HOMES, PARK EAST HOMES ARE FOR-PROFIT ENTITIES WHOLLY OWNED BY RISE. RISE COMMUNITY DEVELOPMENT 1627 WASHINGTON AVENUE ST LOUIS MO 63103 431611669 DEVELOPMENT MO 501(C)(3) LINE 7 N/A 0 ST LOUIS PUBLIC DEV CORP I 1627 WASHINGTON AVENUE ST LOUIS MO 63103 431561434 DEVELOPMENT MO 501(C)(3) LINE 12A, I TAC 1 CROWN VILLAGE ASSOCIATES LLC 1627 WASHINGTON AVENUE ST LOUIS MO 63103 870799303 DEVELOPMENT MO N/A 0 0 CROWN VILLAGE DEVELOPMENT LLC 1627 WASHINGTON AVENUE ST LOUIS MO 63103 113816440 DEVELOPMENT MO N/A 0 0 CONECT ST LOUIS MISSOURI HISTORIC LLC 1627 WASHINGTON AVENUE ST LOUIS MO 63103 043819223 DEVELOPMENT MO N/A 0 0 OLD NORTH PARK FOREST LLC 1627 WASHINGTON AVENUE ST LOUIS MO 63103 043819222 DEVELOPMENT MO N/A 0 0 UNIVERSITY LOFTS ASSOCIATES LP 1627 WASHINGTON AVENUE ST LOUIS MO 63103 431820998 DEVELOPMENT MO N/A 0 1 ST LOUIS PUBLIC DEVELOPMENT CORPORATION IX 1627 WASHINGTON AVENUE ST LOUIS MO 63103 300766072 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP XXVIII 1627 WASHINGTON AVENUE ST LOUIS MO 63103 450538352 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP XXVII 1627 WASHINGTON AVENUE ST LOUIS MO 63103 421624115 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP XXVI 1627 WASHINGTON AVENUE ST LOUIS MO 63103 871717246 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP XXV 1627 WASHINGTON AVENUE ST LOUIS MO 63103 450508993 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP XXIX 1627 WASHINGTON AVENUE ST LOUIS MO 63103 331091707 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP XXIV (INACTIVE) 1627 WASHINGTON AVENUE ST LOUIS MO 63103 481281993 DEVELOPMENT MO N/A C 0 ST LOUIS PUBLIC DEV CORP XXIII 1627 WASHINGTON AVENUE ST LOUIS MO 63103 481281987 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP XXII 1627 WASHINGTON AVENUE ST LOUIS MO 63103 431945442 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP XXI 1627 WASHINGTON AVENUE ST LOUIS MO 63103 431903444 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP XX 1627 WASHINGTON AVENUE ST LOUIS MO 63103 431903442 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP XVIII 1627 WASHINGTON AVENUE ST LOUIS MO 63103 431807685 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP XVI 1627 WASHINGTON AVENUE ST LOUIS MO 63103 431798482 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP XV 1627 WASHINGTON AVENUE ST LOUIS MO 63103 431807683 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP XIX 1627 WASHINGTON AVENUE ST LOUIS MO 63103 431854363 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP XIV 1627 WASHINGTON AVENUE ST LOUIS MO 63103 431733592 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP XII (INACTIVE) 1627 WASHINGTON AVENUE ST LOUIS MO 63103 431713140 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP VIII (INACTIVE) 1627 WASHINGTON AVENUE ST LOUIS MO 63103 010935618 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP VII 1627 WASHINGTON AVENUE ST LOUIS MO 63103 431669361 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP VI 1627 WASHINGTON AVENUE ST LOUIS MO 63103 431600716 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP V 1627 WASHINGTON AVENUE ST LOUIS MO 63103 800501505 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP IV (INACTIVE) 1627 WASHINGTON AVENUE ST LOUIS MO 63103 800471818 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP III 1627 WASHINGTON AVENUE ST LOUIS MO 63103 800247101 DEVELOPMENT MO N/A C 1 ST LOUIS PUBLIC DEV CORP II 1627 WASHINGTON AVENUE ST LOUIS MO 63103 431571194 DEVELOPMENT MO N/A C 1 PDC COMMERCIAL INC 1627 WASHINGTON AVENUE ST LOUIS MO 63103 261455861 DEVELOPMENT MO N/A C 0 PARK EAST HOMES CORPORATION 1627 WASHINGTON AVENUE ST LOUIS MO 63103 431941121 DEVELOPMENT MO N/A C 0 OLD NORTH ST LOUIS HOMES 1627 WASHINGTON AVENUE ST LOUIS MO 63103 412031802 DEVELOPMENT MO N/A C 0 ST LOUIS PUBLIC DEV CORP XII 1627 WASHINGTON AVENUE ST LOUIS MO 63103 431699378 DEVELOPMENT MO N/A C 1 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1