Rende Progress Capital

“Line 11b:The board chairman and board treasurer review and approves the form 990 prepared by the auditor prior to signing the elctronic authorization form. It is made available upon requests to all other board members.”

“Line 12c:Procedures for conflict include 1) annual review of the conflict of interest policy forms by each member. All forms are reviewed by both the Chair and Treasurer; 2) Member must inform the chair prior to a board meeting dealing with any matter for a vote that they have a conflict; 3) The member cannot engage in discussions with any board members regarding their opinion in the matter; and 4) A member with a conflict in any contract or transaction cannot vote or be in the room during the matters action. Line 12c:Procedures include an annual review of policy forms for each member.”

“Line 15a:Compensation of Directors: Directors as such shall not receive any salaries for their services, but by resolution of the Board of Directors a fixed sum and expenses of attendance may be allowed for attendance at each regular or special meeting of the Board of Directors. 2021 comparibility data was used to determine full-time compensation for the director and general manager.”

“Line 15b:Compensation of Directors: Directors as such shall not receive any salaries for their services, but by resolution of the Board of Directors a fixed sum and expenses of attendance may be allowed for attendance at each regular or special meeting of the Board of Directors. 2021 comparibility data was used to determine full-time compensation for the director and general manager. Line 15:Board resolution required for determining compensation.”

“Line 18:Upon request”

“Line 19:Financial statements are made available to current and potential funders when requested as part of their required submission or grant application process. Line 19:Financial statements are made available to current and potential funders when requested as part of their required submission or grant application process.”

“Bad Debt 22,142Bank Fees 33Incentive Grant 8,000Profesional Fees 2,513”

“Line 4a:2.The FY 2023 Pre-Loan Readiness Program serving cohort groups of 25 diverse business owners participating in their six-week incubators to strengthen their knowledge and CDFI loan application readiness.Our strategic shift in providing FY 2023 TA services coordinated by RPC, co-delivered with some funder and non-funder partners and contractual service providers has led to the following impacts:1.Impacts to RPC Customers: Mitigation of some customers achieving problem loan status that could potentially lead to loan default. For instance, one customer receiving TA in accounting systems and fiscal management during their 60 Day delinquency period led to the outcome of preventing an end-of-year 120 Day delinquency and being approved for a loan modification to allow the Line 4a continued.customer more flexibility in addressing past payments.2.Impacts to non-RPC Customers: Per feedback and surveying, all non-customers within the FY 2023 of 31 businesses served with TA experienced improved knowledge of debt capital, knowledge of a CDFI loan process, new knowledge of the RPC loan process and readiness for CDFI loans. While not a required or expected pre-loan readiness cohort outcome, one of the cohort participants applied for a RPC loan and was approved before the close of Q4 FY 2023. Line 4b.include loan officer, management and loan committee have contributed to a sampling of FY 2023 impacts:For FY 2023, 70% of RPCs new loan customers never received a loan from any entity before.With the new approved loan customers, overall, RPC loan clients have created at least thirty new jobs and retained over 150 jobs.Continuance or increase in average customer reporting that annually shows six customers reporting 10% to 20% revenue growth during their RPC loan term---including two customers reporting such growth before the end of FY 2023.”

“Line 9:Rounding”