2024-01-29T09:45:56-06:00 2022-12-31 810987947 HAUSER JONES & SAS PLLC 10940 NE 33RD PLACE SUITE 100 BELLEVUE WA 98004 990 2022-10-01 841899948 COMMUNITY CREDIT LAB COMM 2536930009 450 ALASKAN WAY SOUTH SUITE 200 SEATTLE WA 981042785 TYRA EDMON VP FINANCE/TREASURER 2536930009 2024-01-22 1 TYRA EDMON 999009999 0 LINDSEY SAS CPA P01620141 4258891778 2024-01-22 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X SANDHYA NAKHASI 450 ALASKAN WAY SOUTH SUITE 200 SEATTLE WA 981042785 4631133 0 X WWW.COMMUNITYCREDITLAB.ORG X 2019 WA TO SUPPORT EQUITABLE ACCESS TO ECONOMIC OPPORTUNITIES FOR IMMIGRANTS, REFUGEES, LOW-INCOME, MARGINALIZED, AND UNDERSERVED COMMUNITIES IN KING COUNTY AND THE UNITED STATES. 1 0 5 0 0 0 1278947 1168146 82870 0 2260 4950 737 3458037 1364814 4631133 0 0 0 0 453888 2068 17125 0 0 434086 108587 905099 110655 459715 4520478 3121640 7169714 2117071 1644667 1004569 5525047 TO SUPPORT EQUITABLE ACCESS TO ECONOMIC OPPORTUNITIES FOR IMMIGRANTS, REFUGEES, LOW-INCOME, MARGINALIZED, AND UNDERSERVED COMMUNITIES IN KING COUNTY AND THE UNITED STATES. 0 0 DESIGN AND MANAGEMENT OF AFFORDABLE LENDING PROGRAMS THAT SEEK TO INCREASE ECONOMIC EQUALITY FOR COMMUNITIES FACING DISCRIMINATION. 96793 96793 96793 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 5 1 0 0 0 0 0 0 0 0 0 0 X 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WA X X X PROFIT REIMAGINED INC 4164548215 840 MILLARD ST STOUFFVILLE ONTARIO CA L4A 0B6 X SANDHYA NAKHASI BOARD MEMBER/PRESIDENT 1.00 X X 0 0 0 RYAN GLASGO BOARD MEMBER/TREASURER 1.00 X X 0 0 0 RODNEY FOXWORTH BOARD MEMBER/VICE PRESIDENT 1.00 X X 0 0 0 VIVIENNE LEE BOARD MEMBER/SECRETARY 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 X 1168146 1168146 4950 4950 INTERCOMPANY REVENUE 900003 3000000 3000000 DEBT FORGIVENESS 522291 458037 458037 3458037 4631133 3458037 0 4950 2068 2068 1250 1250 1717 1609 108 1537 1537 LOAN LOSS 92968 92968 LOAN FORGIVENESS EXPENS 5878 2216 3662 CONTRACTORS - OUTSOURCE 3550 3550 DUES AND SUBSCRIPTIONS 624 624 1063 1063 110655 96793 13862 0 X 1299875 4916151 387749 0 23250 627599 1393807 1617575 16959 8389 3121640 7169714 74846 69442 2042225 1575225 2117071 1644667 X 482769 5525047 521800 0 1004569 5525047 3121640 7169714 4520478 0 X 0 0 0 X 202138 300761 467313 1278948 998584 3247744 202138 300761 467313 1278948 998584 3247744 3247744 17 999 831 2260 4950 9057 37 737 774 3257575 153000 0.99700 0.99780 X PART II, SHORT YEAR EXPLANATION: ON SEPTEMBER 28, 2022 COMMUNITY CREDIT LAB AND COMMON FUTURE ENTERED INTO AN AFFILIATION AGREEMENT WHEREAS COMMON FUTURE BECOMES THE SOLE VOTING MEMBER OF COMMUNITY CREDIT LAB. THE AFFILIATION AGREEMENT REQUIRES COMMUNITY CREDIT LAB TO ALTER THEIR FISCAL YEAR END TO AGREE TO COMMON FUTURE'S CALENDAR YEAR END. 0 0 0 0 0 0 0 0 0 FORM 990 PART VII BASED ON THE AFFILIATION AGREEMENT BETWEEN COMMON FUTURE AND COMMUNITY CREDIT LAB, COMMON FUTURE BECOMES THE SOLE VOTING MEMBER OF COMMUNITY CREDIT LAB. COMMON FUTURE DETERMINES THE SIZE AND COMPOSITION OF COMMUNITY CREDIT LAB BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 1A COMMON FUTURE IS THE SOLE VOTING MEMBER AND DETERMINES AND THE SIZE AND COMPOSITION OF THE BOARD OF DIRECTORS SUBJECT TO THE TERMS AND CONDITIONS SET FORTH IN THE AFFILIATION AGREEMENT. FORM 990, PART VI, SECTION B, LINE 11B COPY OF THE RETURN IS GIVEN TO THE BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD. UPON ELECTING A NEW BOARD MEMBER, A COPY OF THE POLICY IS GIVEN TO THE NEW MEMBER. FORM 990, PART VI, SECTION B, LINE 15 BENCHMARKING AND BOARD DISCUSSION. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST, ON CANDID & GUIDESTAR'S WEBSITE, AND ON THE ORGANIZATION'S WEBSITE. PART VIII LINE 1F CCL MADE AUDIT ADJUSTMENTS AFTER THE TAX RETURN WAS FILED, WE ARE AMENDING THE TAX RETURN TO REFLECT THE AUDIT ADJUSTMENTS. GRANTS WITHOUT RESTRICTIONS WAS $502,850; AFTER THE ADJUSTMENT: $1,139,412. PART VIII LINE 11A INTERCOMPANY REVENUE WAS $0; AFTER THE ADJUSTMENT: $3,000,000. PART VIII LINE 11B NET GAIN ON DEBT FORGIVENESS AND ASSIGNMENT WAS $0; AFTER THE ADJUSTMENT: $467,000. DISCOUNT TO PRESENT VALUE ON FUTURE CONTRIBUTION WAS $0; AFTER THE ADJUSTMENT: $8,963. PART IX LINE 24A LOAN LOSS WAS $0; AFTER THE ADJUSTMENT: $92,968. PART X LINE 4 ACCOUNTS RECEIVABLE WAS $0; AFTER THE ADJUSTMENT: $636,562. DISCOUNTED GRANT RECEIVABLE TO PRESENT VALUE WAS $0; AFTER THE ADJUSTMENT: $8,963. PART X LINE 7 INCLUDED IN LINE 7 NOTES AND LOANS RECEIVABLE IS ALLOWANCE FOR CREDIT LOSSES WAS $0; AFTER THE ADJUSTMENT: $92,968. PART X LINE 27 TEMPORARILY RESTRICTED NET ASSETS WAS $3,000,000; AFTER THE ADJUSTMENT: $0; NET ASSETS WAS $4,990,416; AFTER THE ADJUSTMENT: $5,525,048