Locus Impact Fund
Donations deductibleRevenue
$10.8m
year to 31 December 2024
Expenses
$9.8m
year to 31 December 2024
Total assets
$89.3m
$63.1m liabilities
Net assets
$26.2m
assets less liabilities
Directors and trustees
12
7.2 years on average
Staff
99
employees, year to 31 December 2024
Chair observed
≥6 yrs
Dixon Hanna
Left since last filing
0
no seats appear to have opened
Locus Impact Fund's network
12 people2 organisationsi12 people and 2 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (12). Violet dotted lines (11) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
12 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 11 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Dixon Hanna Chair | Chairman | 2018 | 8 yrs |
| Akshay Nandakumar | Director | 2024 | 2 yrs |
| Cathy Dolan | Director | 2018 | 8 yrs |
| Charlie H Mills III (also filed as Charles Mills III) | Director | 2018 | 8 yrs |
| David Edwards | Director | 2023 | 3 yrs |
| Florence Kingston | Director | 2018 | 8 yrs |
| Jackie Puente | Director | 2022 | 4 yrs |
| James W Harkness JR (also filed as James Harkness, James Harkness JR) | Director | 2018 | 8 yrs |
| Kimberly Armstrong (also filed as Kim Armstrong) | Director | 2018 | 8 yrs |
| Mary Dwyer Pembroke (also filed as Mary Pembroke) | Director | 2018 | 8 yrs |
| Sherry Magill | Director | 2018 | 8 yrs |
| William C Shelton (also filed as William Shelton) | Director | 2018 | 8 yrs |
Officers and senior leadership
39 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Adam Northop | Senior Vice President | 2022 |
| Allie Fridley | Director of Internal Audit | 2022 |
| Amir Kirkwood | President & CEO | 2024 |
| Angela C Zenon | Chief Growth and Strategy Officer | 2024 |
| Ashley N Coleman | Vice President | since 2022 |
| Belinda Tucker | Senior Vice President | since 2018 |
| Candace Branch | Vice President | 2018 |
| Caroline B Nowery | Vice President | since 2018 |
| Chris Hairston-White | Senior Vice President | 2022 |
| Chris Spanoulis | Real Estate Loan Officer | 2022 |
| Clyde Cornett JR | Executive Vice President | since 2018 |
| Corbin T Anderson | Vice President | since 2018 |
| Daniel H Flye | Credit Risk Manager | 2020 |
| David Newsome | Vice President | 2022 |
| Deborah Markley | Senior Vice President | since 2018 |
| Don Mack | Senior Vice President | 2018 |
| Edward Chin | Senior Vice President | 2018 |
| Elizabeth Bettley | Small Business Loan Officer | 2022 |
| Ernest Maddy | Sr. Relationship Manager III, Affordable Housing L | since 2022 |
| Hector Carmelo | Vice President | 2018 |
| Hosheus Isaac | Chief Credit Officer | 2024 |
| James Baek | Sr. Vice President, Cigp | since 2022 |
| Jessica Alley | Director of Information Technology | 2022 |
| Joseph Barnes | Senior Vice President | 2022 |
| Joseph Beekman | Vice President | 2022 |
| Linda Brydie | Vice President | 2022 |
| Lisa O'Mara | Vice President | 2022 |
| Meredith Smith | Senior Vice President | 2022 |
| Peter Taylor | Chief Operations Officer, SVP | since 2020 |
| Stacey Antonelli | Company secretary | 2019 |
| Stacey Antonelli-Christensen | Company secretary | 2024 |
| Tammy Jackson | Chief Human Resources Officer, SVP | since 2019 |
| Teri Lovelace | Senior Vice President | since 2018 |
| Theresa Joyce | Senior Vice President | 2018 |
| Travis M Green | Vice President | 2022 |
| Wayne Waldrop | Senior Vice President | since 2018 |
| Will Groves II | Senior Vice President | since 2018 |
| William S Greenleaf | Senior Vice President | since 2018 |
| Zachary Petry | Vice President | since 2018 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Clyde Cornett | Chief Financial Officer | 17 | $196k | $165k | $12k |
| James Baek | Sr. Vice President, Cigp | 39 | $185k | $76k | $9k |
| William Greenleaf | Executive Director, Impact Lending | 17 | $142k | $65k | $7k |
| Peter Taylor | Chief Information Officer | 17 | $118k | $97k | $7k |
| Angela C Zenon | Chief Growth and Strategy Officer | 17 | $118k | $126k | $6k |
| Caroline Nowery | Chief External Affair Officer, SVP | 17 | $110k | $131k | $8k |
| Tammy Jackson | Chief Human Capital Officer, SVP | 17 | $106k | $106k | $6k |
| Hosheus Isaac | Chief Credit Officer | 17 | $87k | $108k | |
| Ashley N Coleman | Assistant Secretary | 17 | $79k | $89k | $6k |
| Amir Kirkwood | President & CEO | 17 | $71k | $320k | |
| Ernest Maddy | Sr. Relationship Manager III, Affordable Housing L | 17 | $60k | $93k | $5k |
| Stacey Antonelli-Christensen | Secretary | 17 | $36k | $22k | $1k |
| Jackie Puente | Director | 1 | $10k | ||
| Akshay Nandakumar | Director | 1 | $8k | ||
| Mary Dwyer Pembroke | Director | 0.5 | $7k | ||
| Cathy Dolan | Director | 1 | $2k | $9k | |
| Kim Armstrong | Director | 1 | $2k | $11k | |
| Dixon Hanna | Chairman | 1 | $0 | $10k | |
| Charlie H Mills III | Director | 1 | $0 | $8k | |
| Florence Kingston | Director | 1 | $0 | $14k | |
| Sherry Magill | Director | 0.5 | $0 | $6k | |
| William Shelton | Director | 1 | $0 | $16k | |
| David Edwards | Director | 1 | $0 | $5k | |
| James Harkness | Director | 1 | $0 | $3k |
Colorado roster
23 listediOfficers, directors and trustees from the latest filing with the Colorado Secretary of State (document 20263017578). Titles are as filed; some entries are registered agents or custodians of records rather than board members. Source: data.colorado.gov, public domain.| Name | Title as filed |
|---|---|
| Pravina Raghavan | President |
| Bill Shelton | Chairman |
| Bobb Beverly | Chief of Staff |
| Clyde Cornett | CFO |
| Florence Kingston | Board Member |
| Mary Dwyer Pembroke | Board Member |
| Kim Armstrong | Board Member |
| Sherry Magill | Board Member |
| Shannan Herbert | Board Member |
| Tara Owens | Assistant Corporate Secretary |
| Cathy Dolan | Board Member |
| Tammy Jackson | Chief Human Capital Officer |
| Akshay Nandakumar | Board Member |
| Chuck Mills | Board Member |
| Susan Closs | Chief Risk Officer |
| Dixon Hanna | Board Member |
| Clyde Cornett | |
| Jackie Puente | Board Member |
| David Edwards | Board Member |
| Bill Shelton | Board Member |
| Caroline Nowery | Chief External Affairs Officer |
| Allan Funk | Chief Impact Banking Officer |
| Stacey Antonelli | Corporate Secretary |
About
- Legal name
- Locus Impact Fund
- EIN
- 541754009
- Address
- 110 Peppers Fry Rd Nw, Christiansbrg, VA, 24073-1068
- State
- Virginia
- Mission
- Our mission is to offer innovative, flexible financial products designed to support housing and community development ventures, increase jobs and build sustainable communities. Locus impact fund offers loan capital that is broader than bank lending to projects that have a positive impact in low to moderate income communities in underserved geographies and markets. (as filed on the Form 990)
- Activity (NTEE)
- S40 Community improvement and capacity building
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Community Improvement & Capacity Building
- Size band
- 9 (IRS master file code)
- Formed
- 1995
- Principal officer
- Clyde A Cornett Jr (as named on the Form 990)
- IRS ruling date
- 1 December 1999
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 6, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Related organisations (Schedule R)
Longest observed on the filings
≥8years on the filingsDixon Hanna
≥8years on the filingsCathy Dolan
≥8years on the filingsCharlie H Mills III
≥8years on the filingsFlorence Kingston
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $89.3m
- Total liabilities
- $63.1m
- Net assets or fund balances
- $26.2m
- Contributions and grants received
- $6.2m
- Program service revenue
- $3.6m
- Grants and similar paid out
- $200k
- Employees
- 99
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $10.8m | $9.8m | $981k |
As filed on the IRS Form 990. US dollars.
Grants paid
2 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| Georgia Minority Outreach Network Corp | Se regional food business center subaward expenses | $100k |
| SCDHC-High Street LLC | Support for multfamily housing development | $100k |
State registration
1 entityiBusiness-entity registers published by US states. These records are matched to this organisation by name and state, not by EIN, and are labelled as likely matches. Street addresses are not shown.Locus Impact Fund likely matchiMatched by exact name and state (and ZIP where shown). State registers do not publish EINs, so this is not a confirmed match. Source: Colorado Secretary of State (CDOS), business entities (data.colorado.gov 4ykn-tg5h). Licence: public domain. Data last fetched 18 October 2026.
- State
- Colorado
- Entity type
- corporation
- Status
- Good Standing
- Formed
- 29 June 2026
- Registered agent
- Colorado Registered Agent LLC (city and state not held)
This register does not publish officers or directors.