360 Community Capital
- Assets
- $2.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 12/2022
- EIN
- 88-2294375
Organization Overview
360 Community Capital is located in Washington, DC. According to its NTEE Classification (L19) the organization is classified as: Support N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 360 Community Capital is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE IMPACT INVESTMENTS BY THE LIFE INSURANCE INDUSTRY INTO LOW-INCOME COMMUNITIES TO ADVANCE RACIAL AND ECONOMIC EQUITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXTENSIVE RESEARCH WITH COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS ON OPPORTUNITIES FOR IMPACT INVESTMENTS BY US LIFE INSURERS IN UNDERSERVED COMMUNITIES. EXPLORING WAYS FOR LIFE INSURERS TO PARTNER WITH OTHER ORGANIZATIONS ACTIVE IN THE IMPACT INVESTING SPACE THAT MEETS BOTH THE REGULATORY AND RATINGS AGENCY REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leroy D Nunery II Chair | OfficerTrustee | 2 | $0 |
J Scott Davison Governor | Trustee | 2 | $0 |
Joseph S Hagan Governor | Trustee | 2 | $0 |
Raymond G Farmer Governor | Trustee | 2 | $0 |
Susan Neely President & CEO | OfficerTrustee | 2 | $0 |
David C Turner COO & Corporate Secretary | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Centri Capital Llc Advisory & Management Services | 12/30/22 | $274,998 |
Blank Rome Llp Accounting & Legal Services | 12/30/22 | $113,345 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,500,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,500,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,500,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $113,345 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $295,681 |
| Advertising and promotion | $13,411 |
| Office expenses | $276 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $542 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,208 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $424,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,721,370 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $400,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,121,370 |
| Accounts payable and accrued expenses | $45,833 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $45,833 |
| Net assets without donor restrictions | $2,075,537 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,121,370 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Fair Housing Alliance Washington, DC | $28,085,667 | $17,021,064 |
Goodwin House Home And Community Based Services Alexandria, VA | $786,814 | $7,088,747 |
Homewood Retirement Centers Inc Williamsport, MD | $47,242,308 | $7,059,734 |
Habitat For Humanity In The Roanoke Valley Inc Roanoke, VA | $7,720,086 | $3,275,413 |
Habitat For Humanity International Inc Bridgewater, VA | $4,350,321 | $2,727,217 |
New River Valley Habitat For Humanity Inc Christiansburg, VA | $3,486,464 | $2,219,309 |
Housing Virginia Campaign Inc Richmond, VA | $863,837 | $1,072,443 |
Maryland Inclusive Housing Corporation Silver Spring, MD | $225,927 | $669,720 |
360 Community Capital Washington, DC | $2,121,370 | $2,500,000 |
Braws-Bringing Resources To Aid Womens Shelters Vienna, VA | $257,792 | $329,825 |
Garrett County Habitat For Humanity Inc Oakland, MD | $2,259,950 | $301,557 |
American Reinvestment Company Washington, DC | $430,649 | $4,164 |