LOC is an extension. Its behaviour is as specified by the compiler vendor.
What the behaviour intended by the vendor here isn't clear, but the difference that you are seeing is that in the main program you get the integer equivalent of the memory address of the non-polymorphic object (what you probably expect), while in the subroutine you get the integer equivalent of the memory address of the polymorphic descriptor for the object (maybe what you want, maybe not).
Using TRANSFER(C_LOC(xxx), 0_C_INTPTR_T) is a more portable way of getting the integer representation of the address of an object (where the C_* things are from the ISO_C_BINDING intrinsic module). C_LOC requires that its argument have the TARGET attribute and be non-polymorphic (use SELECT TYPE).
I'd recommend asking on the relevant Intel Forum if you want further clarification on the intended behaviour of the LOC extension.