WASHINGTON AREA COMMUNITY INVESTMENT FUND INC
2012 Rhode Island Avenue NE, Washington, DC 20018 www.wacif.org

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Organizations Filed Purposes: The Washington Area Community Investment Fund (Wacif) is a nonprofit community loan fund focused on increasing equity and economic opportunity in the Washington, DC area's underserved communities. Wacif's mission is driven is driven by three strategic pillars: inclusive entrepreneurship, community wealth building, and equitable economic opportunity, and is fulfilled by providing access to capital products and services, and capacity building advisory services to low- and moderate-income entrepreneurs.

To increase equity and economic opportunity by investing knowledge, social, and financial capital in low- and moderate-income Washington area entrepreneurs.

Small business advisory services - Wacif provides a variety of advisory program for low- to-moderate income entrepreneurs and small business owners to spur equitable economic growth and community wealth building. Wacif's small business advisory expertise and offerings cover topics including business planning, marketing, financial statements, law, real estate and getting transaction-ready. Our offerings include group classes, one-on-one advisement on specific capacity building issues to identify areas of growth, and intensive, cohort-based programs like our Ascend Capital Accelerator. In 2019, Wacif more provided assistance to 554 small business and nonprofit clients, offered specialized services through the DC Employee Ownership Fund, and graduated two cohorts from its award-winning Ascend Capital Accelerator program. In recognition of its community impact, through advisory services and lending, Wacif was named 2019 Nonprofit Organization of the Year by the DC Chamber of Commerce and the DC Department of Small and Local Business Development.

Lending program - Wacif's Access to Capital and Lending activities, which total over $6.20M assets under management (AUM), provide flexible financing for small businesses owned by, operating in or serving low-to-moderate income communities. Wacif has several loan funds to support a continuum of financing from start-up entrepreneurs to established business owners that are unable to access traditional financing from banks - lending up to $250K. Wacif's various lending programs bridge the financing gap for underserved communities graduating to traditional lenders, while creating economic opportunity. In 2019, Wacif increased the dollar volume of its lending by approximately 20% (relative to 2018) closing 29 loans totaling approximately $1.46M to local small businesses. Through its work, Wacif created or retained more than 240 jobs in the communities it serves. Wacif's Access to Capital Fund (ATC) is the organization's historical source for community development financing and it's most flexible. The ATC Fund remains a community asset which began with and has been sustained for over 30 years by individual and instructional, socially-responsible investors seeking positive financial and social returns from their investment. Currently comprised of over 45 institutional and individual investors holding over 85 investments, the ATC is valued at approximately $1.73M. Investor relations relates directly to our Impact Capital Fund that raises funds through the Impact Capital Note - a community investment promissory note.

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