2025-09-29T12:04:29-05:00 2024-12-31 946214841 ARMANINO ADVISORY LLC 2121 AVENUE OF THE STARS 15TH FLOOR LOS ANGELES CA 90067 990 2024-01-01 261383313 SUSTAINABLE COMMUNITIES FUND SUST 3109145333 1281 WESTWOOD BLVD 200 LOS ANGELES CA 90024 KIM LAFRANCHI CEO 3109145333 2025-09-29 1 1 KATY BROWN P00650274 9257902600 2025-09-29 2024 2025-03-06 01:10:19Z KIM LAFRANCHI 1281 WESTWOOD BLVD 200 LOS ANGELES CA 90024 474274 0 X WWW.TSCFUND.ORG X 2009 CA TO ALLEVIATE POVERTY BY SUPPORTING FINANCIAL, ECONOMIC AND SOCIAL INCLUSION (CONT. ON SCH O) STRATEGIES THAT EMPOWER LOW-INCOME PEOPLE AND STRENGTHEN COMMUNITIES. 5 5 1 3 0 0 590972 256759 70566 149248 107514 68267 0 0 769052 474274 0 0 0 0 233195 301396 0 0 0 172007 203415 405202 504811 363850 -30537 6936011 6663228 290598 48352 6645413 6614876 X TO ALLEVIATE POVERTY BY SUPPORTING FINANCIAL, ECONOMIC AND SOCIAL INCLUSION STRATEGIES THAT EMPOWER LOW-INCOME PEOPLE AND STRENGTHEN COMMUNITIES. 0 0 361679 149248 DURING THE YEAR ENDED DECEMBER 31, 2024, SUSTAINABLE COMMUNITIES FUND (SCF) MADE THREE MISSION-ALIGNED INVESTMENTS TOTALING $1.22M. THESE INVESTMENTS SUPPORTED MISSION-DRIVEN ORGANIZATIONS PURSUING FINANCIAL INCLUSION STRATEGIES THAT WERE NATIONALLY AND LOCALLY FOCUSED. SCF INVESTED IN A LOAN FUND AND CREDIT UNION AS AN INTERMEDIARY LENDER. IT ALSO MADE ITS FIRST DIRECT INVESTMENT TO STRATEGICALLY EXPAND ITS INVESTMENT OPTIONS AND IMPACTS; THIS LOAN WAS MADE INTO A LAND TRANSACTION THAT SUPPORTED AN AFFORDABLE HOUSING DEVELOPMENT IN ATLANTA, GA. SCF'S 2024 ACTIVITIES HAVE ALSO ALLOWED IT TO DIVERSIFY ITS INVESTMENT ACTIVITIES FURTHER BEYOND ITS HISTORICAL MOSTLY SMALL-BUSINESS INVESTMENT FOCUS, BY ADDING ALMOST $900,000 IN AFFORDABLE HOUSING DEVELOPMENT FOCUSED INVESTMENTS TO (CONT. ON SCH O) ITS $5.2M INVESTMENT PORTFOLIO. 361679 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 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 0 0 0 0 1 4 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 CA X KIM LAFRANCHI 3109145333 1281 WESTWOOD BLVD STE 200 LOS ANGELES CA 90024 KIMBERLY LAFRANCHI CHIEF EXECUTIVE OFFICER 40.00 X 256410 0 13127 MELISSA MCDONALD PRESIDENT 1.00 X X 0 0 0 KENNITH MAYNE TREASURER 1.00 X X 0 0 0 ASHLEE BARKER SECRETARY 1.00 X X 0 0 0 WIL JACOBS BOARD MEMBER 1.00 X 0 0 0 DEBORAH LAFRANCHI BOARD MEMBER 1.00 X 0 0 0 256410 0 13127 1 0 1 0 0 250000 6759 256759 PROGRAM REVENUE 900099 149248 149248 149248 68267 68267 474274 149248 0 68267 261287 186820 74467 40109 28678 11431 46982 46982 7223 6523 700 55060 8259 46801 3383 2120 1263 854 650 204 3782 2269 1513 7223 7223 1088 870 218 LOAN & INVESTMENT LOSS 71150 71150 BAD DEBT 6400 6400 270 135 135 504811 361679 143132 0 91196 173118 2650982 1568230 153244 67212 853 1032 4039736 4853433 0 203 6936011 6663228 40447 48352 250151 0 290598 48352 X 6493561 6547664 151852 67212 6645413 6614876 6936011 6663228 -30537 0 X 0 1 X 1 0 X 58242 755965 747414 590972 256759 2409352 58242 755965 747414 590972 256759 2409352 2409352 5351 2192 8219 83313 68267 167342 2576694 507817 0.93510 0.95600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 MISSION RELATED INVESTMENT 1260746 F PROGRAM RELATED INVESTMENT 3592687 F 4853433 X 474274 0 474274 0 474274 504811 0 504811 0 504811 PART X, LINE 2: SCF HAS RECEIVED TAX-EXEMPT STATUS FROM THE IRS AND CALIFORNIA FRANCHISE TAX BOARD UNDER SECTION 501(C)(3) OF THE IRC AND SECTION 23701(D) OF THE REVENUE AND TAXATION CODE, RESPECTIVELY. SCF RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF TAX POSITIONS, SUCH AS ITS FILING STATUS AS TAX-EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. SCF IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL PURPOSES IS THREE YEARS AND FOR CALIFORNIA PURPOSES IS FOUR YEARS. X X 0 0 0 0 0 0 0 1 0 KIMBERLY LAFRANCHI CHIEF EXECUTIVE OFFICER 218771 0 37639 0 0 0 10336 0 2791 0 269537 0 0 0 PART I, LINE 7 CEO'S CONTRACT INCLUDES A POTENTIAL BONUS POOL OF 15% OF TOTAL APPROVED SALARY. THE BOARD CHAIR CONDUCTS THE SEMI-ANNUAL REVIEW, WHICH SCORES PERFORMANCE CATEGORIES AND DEFINES THE TOTAL AMOUNT OF THAT 15% BONUS THAT CEO IS ELIGIBLE FOR. FORM 990, PART VI, SECTION A, LINE 2 DEBORAH LAFRANCHI (BOARD MEMBER), KIM LAFRANCHI (CEO) AND KENNITH MAYNE (TREASURER) HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B BACKUP FILING INFORMATION IS FIRST PREPARED BY THE CEO AND FINANCIAL CONSULTANTS (AS NEEDED). FORM 990 IS PREPARED BY AN OUTSIDE CPA, REVIEWED AND APPROVED BY MANAGEMENT, AND REVIEWED AND APPROVED BY THE ORGANIZATION'S GOVERNING BOARD OF DIRECTORS PRIOR TO FILING. THESE REVIEWS AND APPROVALS ARE DOCUMENTED IN THE CORPORATE MINUTES. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS STATED IN THE CONFLICT OF INTEREST DISCLOSURE POLICY GIVEN TO TRUSTEES, OFFICERS, AND KEY EMPLOYEES. THE MONITORING OF THE POLICY FOR THE BOARD, AND FOR STAFF AND CONSULTANTS IS HANDLED BY THE CEO. THROUGHOUT THE YEAR AS BUSINESS IS TRANSACTED WITH NEW VENDORS AND INVESTEES, BOARD MEMBERS PROVIDE NOTIFICATIONS WHERE DISCLOSURES OF POTENTIAL AND REAL CONFLICTS ARISE AND TAKE ACTION TO LIMIT ANY CONFLICTS AS POSSIBLE (VOTING RECUSALS, ETC.) FORM 990, PART VI, SECTION B, LINE 15 IN PRIOR YEARS, INDEPENDENT AGENCIES AND/OR COMPENSATION REPORTS PRODUCED BY THEM THAT CONSOLIDATE INDUSTRY WAGE INFORMATION FOR FOUNDATIONS (COUNCIL OF FOUNDATIONS) AND/OR FOR CDFI LOAN FUNDS HAVE BEEN LEVERAGED TO OFFER GUIDANCE REGARDING COMPENSATION PAID TO OFFICERS AND KEY EMPLOYEES. EACH SUBSEQUENT YEAR WHERE MINOR SALARY ADJUSTMENTS ARE MADE TO ADJUST FOR COST-OF-LIVING INCREASES REFERENCE THE FEDERAL ANNUAL COLA LEVEL TO DETERMINE THE GENERAL INCREMENTAL INCREASES. IN YEARS WHERE LARGER SALARY INCREASES ARE EXPECTED, INDUSTRY COMPENSATION REPORTS ARE USED TO DETERMINE WAGE INCREASE PARAMETERS. THE BOARD APPROVES THE NEW SALARY LIMITS AT THE END-OF-YEAR BOARD MEETING AFTER ANALYSIS AND DISCUSSION OF THE RELEVANT DATA SET IS PRESENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS WILL BE AVAILABLE UPON REQUEST.