SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2019
Open to Public
Inspection
Name of the organization
NORTH CAROLINA COMMUNITY
DEVELOPMENT INITIATIVE CAPITAL INC
Employer identification number

56-2142717
Return Reference Explanation
FORM 990 - ORGANIZATION'S MISSION NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE CAPITAL, INC. IS A STATEWIDE PUBLIC-PRIVATE PARTNERSHIP THAT PROVIDES LEADERSHIP AND CAPITAL INVESTMENT TO HIGH-PERFORMANCE COMMUNITY DEVELOPMENT CORPORATIONS (CDC'S) AS WELL AS OTHER COMMUNITY BASED ECONOMIC DEVELOPMENT ENDEAVORS, (I.E. SOCIAL ENTERPRISES) TO IMPROVE THE WELL BEING AND QUALITY OF LIFE FOR PEOPLE IN LOW RESOURCE COMMUNITIES.
FORM 990 PART IV, LINE 28C - CERTAIN BOARD MEMBERS OF THIS ORGANIZATION ARE ALSO BOARD MEMBERS OF THE RELATED ORGANIZATION NORTH CAROLINA COMMUNITY DEVELOPMENT INITIATIVE, INC. ("NCCDI"), EIN: 56-1845590 AND WHOSE RESPECTIVE BUSINESSES OR ORGANIZATIONS WITH WHICH THEY HOLD EXECUTIVE POSITIONS WERE PARTY TO BUSINESS TRANSACTIONS WITH THE CONSOLIDATED TAX EXEMPT GROUP. THESE TRANSACTIONS ARE LISTED IN DETAIL ON THE SCH. L DISCLOSURES INCLUDED ON THE 12/31/19 FORM 990 OF THE RELATED ORGANIZATION. IT IS THE POSITION OF BOTH ORGANIZATIONS THAT THESE BUSINESS TRANSACTIONS WERE CONDUCTED AT "ARMS-LENGTH- AND IN THE NORMAL COURSE OF BUSINESS.
FORM 990, PART VI SECTION B. POLICIES GENERAL INFORMATION PERTAINING TO THE CONSOLIDATED GROUP POLICIES: WITH RESPECT TO THE POLICIES AND PROCEDURE DISCLOSURES HEREIN, THE ORGANIZATION ADHERES TO THE FORMAL POLICIES ADOPTED BY ITS AFFILIATE ORGANIZATION, NCCDI, IN ALL MATERIAL RESPECTS. LINE 13 - WHISTLEBLOWER POLICY THE WHISTLEBLOWER, ELECTRONIC COMMUNICATIONS, DOCUMENT RETENTION, CONFIDENTIALITY AND CONFLICT OF INTEREST POLICIES ARE DISTRIBUTED AND DISCUSSED WITH EACH EMPLOYEE UPON HIRE. THE EMPLOYEE READS AND SIGNS THE POLICIES. COPIES OF THE SIGNED POLICIES ARE KEPT IN THE EMPLOYEE'S PERSONNEL FILE AND A COPY IS PROVIDED TO THE EMPLOYEE.
FORM 990, PAGE 6, PART VI, LINE 11B FOR 2018, THE OFFICERS OF NCCDIC WILL COORDINATE THE FORM 990 REVIEW ON BEHALF OF THE BOARD OF DIRECTORS AND WILL CONTACT THE EXTERNAL CPA FIRM AS NEEDED FOR ANY INQUIRIES RAISED DURING THE REVIEW PROCESS.
FORM 990, PAGE 6, PART VI, LINE 12C ON AN ANNUAL BASIS, THE CONFLICT OF INTEREST POLICY WILL BE DISTRIBUTED TO THE BOARD OF DIRECTORS. THERE WILL BE A FULL EXPLANATION OF THE POLICY FOLLOWED BY A DISCUSSION OF WHAT ITEMS COULD CONSTITUTE A CONFLICT OF INTEREST. ALL IN ATTENDANCE WILL BE ASKED IF THEY HAVE OR KNOW OF A CONFLICT OF INTEREST. IF YES, THAT MEMBER WILL BE ASKED TO RECUSE THEMSELVES FROM THE DISCUSSION AND THE VOTE. THE CHIEF EXECUTIVE OFFICER WILL FOLLOW UP WITH ANY BOARD MEMBER NOT IN ATTENDANCE. ALL DISCUSSION WILL BE DOCUMENTED IN THE MINUTES.
FORM 990, PAGE 6, PART VI, LINE 15A ON AN ANNUAL BASIS, THE PERFORMANCE AND COMPENSATION OF THE CHIEF EXECUTIVE OFFICER ARE EVALUATED BY THE PERSONNEL AND EXECUTIVE COMMITTEES OF THE BOARD OF DIRECTORS. THE PERSONNEL AND EXECUTIVE COMMITTEES MEET WITH THE CHIEF EXECUTIVE OFFICER TO REVIEW THE YEAR'S ACTIVITIES AND THEN FURTHER DISCUSSION IS HELD IN A CLOSED SESSION (WITHOUT THE PRESENCE OF THE CHIEF EXECUTIVE OFFICER) TO DETERMINE WHETHER A COMPENSATION ADJUSTMENT (WHETHER VIA SALARY OR BENEFITS) IS MERITED. PRIOR TO THE MEETING WITH THE CHIEF EXECUTIVE OFFICER, THE FINANCE DEPARTMENT PROVIDES THE PERSONNEL COMMITTEE WITH A COPY OF THE MOST RECENT SALARY SCHEDULE AND RELEVANT MARKET DATA (COMPENSATION RESEARCH REPORT) TO ENSURE THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS COMPARABLE TO OTHER SIMILAR ORGANIZATIONS. AFTER THE EVALUATION, THE PERSONNEL AND EXECUTIVE COMMITTEES REPORT TO THE FULL BOARD AND THIS REPORT IS DOCUMENTED IN THE MINUTES OF THE MEETING.
FORM 990, PAGE 6, PART VI, LINE 15B ON AN ANNUAL BASIS, THE PERFORMANCE AND COMPENSATION OF THE STAFF IS EVALUATED BY THE CHIEF EXECUTIVE OFFICER. THE CHIEF EXECUTIVE OFFICER MEETS WITH THE STAFF, INDIVIDUALLY TO REVIEW THE YEAR'S ACTIVITIES AND DISCUSS GOALS. PRIOR TO THE MEETING, THE FINANCE DEPARTMENT PROVIDES THE CHIEF EXECUTIVE OFFICER WITH A COPY OF THE MOST RECENT STAFF SALARY SCHEDULE AND RELEVANT MARKET DATA (COMPENSATION RESEARCH REPORT) TO ENSURE STAFF COMPENSATION IS COMPARABLE TO OTHER SIMILAR ORGANIZATIONS.
FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART VII SECTION A - OFFICER, DIRECTORS, TRUSTEES, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES THE COMPENSATION REPORTED ON PART VII, COLUMN (E) ARE AMOUNTS REPORTED TO THE IRS ON THE EMPLOYEE'S W-2 FROM THE ORGANIZATION'S AFFILIATE, NCCDI. THERE ARE NO AMOUNTS REPORTED IN COLUMN (D), "DIRECT" REPORTABLE COMPENSATION FROM THE ORGANIZATION. HOWEVER, THERE ARE AMOUNTS REPORTED AS OFFICER COMPENSATION EXPENSE ON PART IX, LINE 5. THE AMOUNTS REPORTED ON PART IX REFLECT THE ORGANIZATION'S SHARE OF ALLOCATED SALARIES BETWEEN THE ORGANIZATION AND IT'S AFFILIATE, NCCDI. ALL SALARIES ARE PAID THROUGH NCCDI AND THEREFORE REPORTED ON THE EMPLOYEE'S NCCDI FORM W-2. THE ORGANIZATION ITSELF DOES NOT PAY SALARIES AND THEREFORE DOES NOT PROVIDE ANY FORMS W-2. SEE SCHEDULE R FOR DETAILS.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2019


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