2026-06-22T12:52:31-05:00 2025-12-31 946214841 ARMANINO ADVISORY LLC 2121 AVENUE OF THE STARS 15TH FLOOR LOS ANGELES CA 90067 990 2025-01-01 261383313 SUSTAINABLE COMMUNITIES FUND SUST 3109145333 1281 WESTWOOD BLVD 200 LOS ANGELES CA 90024 KIM LAFRANCHI CEO 3109145333 2026-06-16 1 KATY BROWN P00650274 9257902600 2026-06-01 2025 2025-03-06 01:10:19Z KIM LAFRANCHI 1281 WESTWOOD BLVD 200 LOS ANGELES CA 90024 293925 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 5 0 0 256759 3698 149248 256903 68267 33324 0 0 474274 293925 0 0 0 0 301396 309853 0 0 0 203415 131034 504811 440887 -30537 -146962 6663228 6714026 48352 128117 6614876 6585909 TO ALLEVIATE POVERTY BY SUPPORTING FINANCIAL, ECONOMIC AND SOCIAL INCLUSION STRATEGIES THAT EMPOWER LOW-INCOME PEOPLE AND STRENGTHEN COMMUNITIES. 0 0 302530 256903 SUSTAINABLE COMMUNITIES FUND'S CORE PROGRAM IS TO MAKE INVESTMENTS IN FINANCIAL INSTITUTIONS AND BUSINESSES THAT PROVIDE MISSION-ALIGNED CAPITAL TO SUPPORT FINANCIAL, ECONOMIC, AND SOCIAL INCLUSION STRATEGIES THAT EMPOWER LOW-INCOME INDIVIDUALS AND STRENGTHEN COMMUNITIES. INVESTMENTS INCLUDE LOANS, EQUITY, AND CREDIT DEPOSITS. 302530 1 0 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 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 1 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 266906 0 19900 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 266906 0 19900 1 0 1 0 0 3698 3698 PROGRAM REVENUE 900099 256903 256903 256903 33324 33324 293925 256903 0 33324 269872 202404 67468 39981 29986 9995 38460 38460 5410 5410 59300 8895 50405 8113 4392 3721 5803 3477 2326 4665 2799 1866 4263 4263 1032 826 206 OTHER EXPENSES 3238 1618 1620 BUSINESS TAXES AND FEES 750 750 440887 302530 138357 0 173118 92239 1568230 1390499 67212 70910 1032 900 4853433 5159478 203 0 6663228 6714026 48352 53117 0 75000 48352 128117 X 6547664 6514999 67212 70910 6614876 6585909 6663228 6714026 X -146962 117995 X 0 1 X 1 0 X 755965 747414 590972 256759 3698 2354808 755965 747414 590972 256759 3698 2354808 2354808 2192 8219 83313 68267 33324 195315 2550123 697822 0.92340 0.93510 X 0 PROGRAM RELATED INVESTMENT 5159478 F 5159478 X 293925 0 293925 0 293925 322892 -117995 -117995 440887 0 440887 PART X, LINE 2: SCF IS EXEMPT FROM FEDERAL AND STATE TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. SCF RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF TAX POSITIONS, SUCH AS ITS TAX-EXEMPT STATUS, 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. DURING THE YEAR ENDED DECEMBER 31, 2025, SCF RECEIVED A DETERMINATION FROM THE INTERNAL REVENUE SERVICE RECOGNIZING SCF AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE IRC, FOLLOWING THE COMPLETION OF A REQUIRED TRANSITION PERIOD. SCF CONTINUES TO OPERATE EXCLUSIVELY FOR CHARITABLE PURPOSES AND REMAINS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. PART XII, LINE 2D - OTHER ADJUSTMENTS: ALLOWANCE FOR INVESTMENT/CREDIT LOSSES -117,995. X X 0 0 0 0 0 0 0 1 0 KIMBERLY LAFRANCHI CHIEF EXECUTIVE OFFICER 232143 0 34763 0 0 0 10736 0 9164 0 286806 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. FOLLOWING COMPLETION OF THE DRAFT PERFORMANCE REVIEW, IT IS SHARED AND DISCUSSED, AND THE ENTIRE BOARD THEN APPROVES THE PERFORMANCE SCORES AND THE RELATED BONUS DESIGNATION. NATIONAL NEW MARKETS FUND ENTITY OWNED 99% BY BOARD MEMBER DEBORAH LA FRANCHI GENERAL OPERATIONS AND CAPITAL CAMPAIGN SUPPORT X 75000 75000 0 1 1 75000 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. FORM 990, PART XI, LINE 9: ALLOWANCE FOR INVESTMENT/CREDIT LOSSES 117,995.