Southeast Community Capital Corporation
Also known as Pathway Lending
Southeast Community Capital Corporation reported $65.1 million in revenue and $29.8 million in expenses for calendar year 2024. Of every $100 it spent, $94.55 went to program services, $5.38 to management and general costs and $0.07 to fundraising. Its largest source of revenue was contributions and grants: 67.2% of the total. Government grants made up 6.7%. The highest compensation it reported for one person was $577,786 (PRESIDENT AND CEO). 28 people received more than $100,000 in reportable compensation. Revenue rose 365% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $30MFor context, the median across 409 covered employment charities: $88.97 programs, $11.03 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $65MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.6% | 88.0% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.4% | 10.9% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.1% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 67.2% | 22.8% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 6.7% | 1.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 22.4% | 62.6% |
| Highest reported compensation Part VII-A, columns D–F | $577,786 | $297,435 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.94% | 1.26% |
| People paid over $100,000 Part VII, line 2 | 28 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 39.1 | 8.1 |
| Independent voting board members Part VI 1a–1b | 5 of 7 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseLending program: as a community development financial institution (cdfi) certified by the U.S. Department of the treasury, Southeast Community Capital dba pathway lending provides financing for affordable multifamily housing and loans to qualified small and disadvantaged businesses through various government and non-profit lending programs, including: U.S. Small business administration (sba), U.S. Treasury department certified community development financial institution (cdfi), the appalachian regional commission (arc), the tennessee rural opportunity fund, the tennessee energy efficiency…
Educational program: Southeast Community Capital Corporation provides business education and technical assistance to small and disadvantaged businesses through various government and non-profit support programs, including: the U.S. Small business administration and various foundations. Southeast Community Capital Corporation provides this through various internal programs, such as the pathway lending business advisory services team, emerging developer program, women's business center, and veterans business outreach center. The assistance includes access to financial services, access to…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT AND CEO Officer, 50.00 hrs/week | $562,522 | $0 | $15,264 | $577,786 |
| EVP AND CFO (END 6/24) Officer, 50.00 hrs/week | $411,193 | $0 | $16,693 | $427,886 |
| EVP AND COO Officer, 50.00 hrs/week | $377,356 | $0 | $32,444 | $409,800 |
| EVP AND SECRETARY Officer, 50.00 hrs/week | $382,330 | $0 | $17,324 | $399,654 |
| EVP AND CFO Officer, 50.00 hrs/week | $280,293 | $0 | $16,880 | $297,173 |
| SVP- LOAN OPERATIONS Key employee, 50.00 hrs/week | $240,064 | $0 | $12,605 | $252,669 |
| SVP- CHIEF CREDIT OFFICER Key employee, 50.00 hrs/week | $228,688 | $0 | $752 | $229,440 |
| SVP- EDUCATION AND ENTRE Key employee, 50.00 hrs/week | $197,857 | $0 | $24,068 | $221,925 |
28 people received more than $100,000 in reportable compensation from Southeast Community Capital Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.0M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 5 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 566
- Volunteers Part I, line 69
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| ACUMEN TECHNOLOGY Technology support and equipment | $222,485 |
| VACO LLC Personnel placement | $143,574 |
| MCNEELY BROCKMAN PUBLIC RELATIONS LLC Public relations | $133,099 |
| PROBITY LLC Business technology consulting/advisory | $123,203 |
| CARPENTERSPLUS Remodeling work | $120,420 |
Individuals listed as contractors are left out. 8 contractors were paid more than $100,000 in all.
Private foundation grants it received
4 private foundations reported grants to Southeast Community Capital Corporation totaling $168K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Southeast Community Capital Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Southeast Community Capital Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Southeast Community Capital Corporation spent in 2024, $94.55 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Southeast Community Capital Corporation's spending goes to programs?
In calendar year 2024, Southeast Community Capital Corporation reported that 94.6% of its $29.8 million in expenses went to program services, 5.4% to management and general and 0.1% to fundraising (Form 990, Part IX).
How much does Southeast Community Capital Corporation pay its top executive?
The largest total compensation Southeast Community Capital Corporation reported for one person in calendar year 2024 was $577,786, for the role of PRESIDENT AND CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Southeast Community Capital Corporation get its money?
Of $65.1 million in revenue in calendar year 2024, 67.2% came from contributions and grants (including 6.7% from government grants) and 22.4% from program service revenue (Form 990, Part VIII).
Is Southeast Community Capital Corporation a registered charity?
The IRS lists EIN 62-1823596 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202512099349300271 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202401859349300810 · read the filing
- 2022: Form 990 for calendar year 2022, object 202311319349302296 · read the filing
- 2021: Form 990 for calendar year 2021, object 202211369349304426 · read the filing
- 2020: Form 990 for calendar year 2020, object 202121379349300347 · read the filing
- 2019: Form 990 for calendar year 2019, object 202031719349300113 · read the filing
All filings for EIN 62-1823596: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.