Program areas at Local Initiatives Support Corporation
Project development and investment. Lisc provides technical assistance and other program services to community based organizations throughout the country to assist them in transforming their communities into healthy and sustainable communities of choice and opportunity, including efforts to promote safer streets; help residents achieve economic stability; improve health and encourage healthy lifestyles; and incentivize change through arts and culture.
Lending. Lisc provides loans, lines of credit, and other recoverable financing at all stages of development - from predevelopment to permanent - to Support projects and programs that revitalize low- and moderate-income communities and benefit low- and moderate-income individuals.
Lisc provides grants to community based organizations throughout the country to Support their efforts to transform distressed communities. In 2023, lisc issued 2,444 grants throughout the country to Support the development of 2,675 units of affordable homes and apartments; 112,720 square feet of commercial, community, and educational facility space; and capacity building, operations, and other community development activities. Lisc also issued 200 grants to small businesses and other institutions throughout the country for covid-19 relief.
Grants made by Local Initiatives Support Corporation
Who funds Local Initiatives Support Corporation
Grants from foundations and other nonprofits
Personnel at Local Initiatives Support Corporation
| Name | Title | Compensation | Date of data |
|---|
| Alexis Hamilton | Chief Executive Officer - Immito / Chief Executive Officer / Chief Operating Officer Immito / Senior Vice President and Cheif Information Officer | $303,640 | 2022-12-31 |
| Kevin Boes | Senior Vice President , Lisc and Chief Executive Officer , Broadstreet Impact Services , LLC | $89,497 | 2024-11-14 |
| Lisa Glover | Chief Executive Officer and Director / Interim Chief Executive Officer / Director | $630,073 | 2022-12-31 |
| Michael T. Pugh | President and Chief Executive Officer | | 2024-11-14 |
| Kimberly Vandendadle | Chief Operating Officer - Immito / Chief Operating Officer 11 and 20 | $173,032 | 2022-12-31 |
| ...and 52 more key personnel |
Financials for Local Initiatives Support Corporation
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $252,201,918 | $167,705,381 | 50.4% |
| Program services | $111,047,751 | $116,493,589 | -4.7% |
| Investment income and dividends | $7,930,524 | $3,967,210 | 99.9% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $17,321 | $3,850 | 349.9% |
| Net gain from sale of non-inventory assets | $2,156,094 | $1,261,148 | 71% |
| Net income from fundraising events | $-1,084,904 | $-1,046,842 | -3.6% |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $790,439 | $1,786,848 | -55.8% |
| Total revenues | $373,059,143 | $290,171,184 | 28.6% |
Organizations like Local Initiatives Support Corporation
| Organization | Type | Location | Revenue |
|---|
| Low Income Investment Fund (LIIF) | 501(c)(3) | San Francisco, CA | $107,952,700 |
| Iff | 501(c)(3) | Chicago, IL | $102,836,770 |
| Enterprise Community Partners | 501(c)(3) | Columbia, MD | $110,122,180 |
| Uli - The Urban Land Institute | 501(c)(3) | Washington, DC | $95,553,000 |
| Brooklyn Navy Yard Development Corporation (BNYDC) | 501(c)(3) | Brooklyn, NY | $119,270,831 |
| Educational Credit Management Corporation | 501(c)(3) | Minneapolis, MN | $318,087,346 |
| Tides Center | 501(c)(3) | San Francisco, CA | $233,730,257 |
| Hadassah | 501(c)(3) | New York, NY | $142,915,579 |
| Johnson & Wales University | 501(c)(3) | Providence, RI | $342,582,611 |
| United Service Organizations | 501(c)(3) | Arlington, VA | $163,512,353 |
Data update history
January 6, 2025
Used new vendors
Identified 1 new vendor, including
January 4, 2025
Posted financials
Added Form 990 for fiscal year 2023
November 15, 2024
Updated personnel
Identified 25 new personnel
November 13, 2024
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCommunity Development Financial InstitutionsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Political advocacyProvides grantsLobbyingFundraising eventsNational levelReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 28 Liberty St 34th Floor
- New York, NY 10005
- Metro area
- New York-Newark-Jersey City, NY-NJ-PA
- County
- New York County, NY
- Website URL
- lisc.org/
- Phone
- (212) 455-9800
- Facebook page
- lisc.org
- Twitter profile
- @lisc_hq
IRS details
- EIN
- 13-3030229
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1979
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Central organization
California AB-488 details
- AB 488 status
- May Operate or Solicit for Charitable Purposes
- Charity Registration status
- Current
- FTB status revoked
- Not revoked
- AG Registration Number
- 050445
- FTB Entity ID
- 1078893
- AB 488 data last updated ("as-of") date
- 2025-02-19
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