LOW INCOME INVESTMENT FUND: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- LOW INCOME INVESTMENT FUND (EIN 94-2952578)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2017-05-15
- IRS object ID
- 201701359349307755
- Schema version
- 2015v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-05-15T13:35:42-05:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 CALIFORNIA STREET SUITE 2700 | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 942952578 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Low Income Investment Fund | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % ROXANNE HUEY | InCareOfNm |
| Business Name Control | LOWI | BusinessNameControlTxt |
| Phone | 4157729094 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 California Street Suite 2900 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94111 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KATHY ROCK | PersonNm |
| Person Title | CFO and CAO | PersonTitleTxt |
| Phone | 4157729094 | PhoneNum |
| Signature | 2017-05-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | rosemarie Brown | PreparerPersonNm |
| PTIN | P01278077 | PTIN |
| Phone | 4159863900 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Nancy O Andrews | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 California St Suite 2900 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $31,595,121 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.liifund.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1984 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | LIIF is a community development financial institution which provides a comprehensive range of programs to increase the availability of capital in low income communities. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 72 | TotalEmployeeCnt |
| Total Volunteers | 12 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $13,127,122 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,919,153 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $16,913,379 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $20,972,871 | CYProgramServiceRevenueAmt |
| PY Investment Income | $510,173 | PYInvestmentIncomeAmt |
| CY Investment Income | $453,710 | CYInvestmentIncomeAmt |
| PY Other Revenue | $144,477 | PYOtherRevenueAmt |
| CY Other Revenue | $184,129 | CYOtherRevenueAmt |
| PY Total Revenue | $30,695,151 | PYTotalRevenueAmt |
| CY Total Revenue | $26,529,863 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,517,577 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $4,747,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,775,374 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $10,157,646 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,004,686 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,084,078 | PYOtherExpensesAmt |
| CY Other Expenses | $10,910,862 | CYOtherExpensesAmt |
| PY Total Expenses | $20,377,029 | PYTotalExpensesAmt |
| CY Total Expenses | $25,815,508 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $10,318,122 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $714,355 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $280,623,263 | TotalAssetsBOYAmt |
| Total Assets EOY | $358,377,832 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $189,370,213 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $266,493,534 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $91,253,050 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $91,884,298 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Low Income Investment Fund ("LIIF") is dedicated to creating pathways of opportunity for low income people and communities. LIIF's overarching mission is poverty alleviation. LIIF achieves this mission by investing capital for healthy communities and families. LIIF builds bridges between private capital markets and places where low income people live. LIIF partners with low income communities, community based organizations, funders, and financial institutions to create a network of support to address the challenges facing low income individuals and families. Since its founding in 1984, LIIF has provided $1.9 billion in financing and technical assistance for projects benefiting low income communities, leveraging investments of $9.3 billion. Through these projects, we have served over 1.8 million people and supported: - 67,801 units of housing - 258,376 child care spaces; - 80,439 spaces in schools for children; and - 23.9 million square feet of community facilities. LIIF is headquarted | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $12,635,103 | ExpenseAmt |
| Grant | $1,911,694 | GrantAmt |
| Revenue | $18,906,322 | RevenueAmt |
| Desc | Lending Activities: Because no single approach alone can lift a family out of poverty, LIIF employs a holistic strategy that focuses on five priority programs-housing, child care, education, transit oriented development and health (through access to healthy food and health care clinics). These programs are supported by LIIFs federal policy presence that works to preserve and maintain community capital programs. LIIF uses innovative strategies to attract private capital to areas with underserved communities that would otherwise be out of reach. Since inception, we have provided over $1.9 billion to projects serving low income families and individuals, and these investments have leveraged nearly $9.3 billion in other capital investments. LIIFs work supports those most in need of the 1.8 million people served through LIIFs financing and technical assistance nearly 97% have been low income. LIIFs flexible and affordable capital fills a gap for community development organizations that are unable to consistently access loans from traditional financial institutions. LIIF makes direct loans through its revolving loan fund ("RLF") and other loan funds. LIIF also underwrites and packages loans acquired by banks, other intermediaries and conventional lenders through innovative program specific funds to support community development organizations across the nation. LIIF complements its loans with thorough, time-intensive technical assistance ("TA"). LIIF's TA guides organizations through real estate development, helping them develop and sustain their financial stability to ensure prudent planning and management of their financial obligations and ultimately, and enabling these community borrowers to ready their organizations to approach conventional lenders. Affordable housing is the cornerstone of LIIFs work, comprising half of the organization's historical activity. Since its inception, LIIF has invested more than $925 million to support the development of 67,801 units of affordable housing, which has produced enhanced living conditions and saved low income families more than $18 billion through reduced housing costs. Availability of affordable housing is vital in creating a foundation for family stability and community revitalization, and it plays a critical role in advancing family well-being-linked, as it is, to employment, wage gains, educational attainment and generally improved health for poor families. Education is a key component in enhancing opportunities for economic mobility and asset growth for low income households. LIIF launched its education program in 1998, and currently focuses in helping charter schools bring quality educational opportunities to underserved, distressed communities. LIIFs education program uses a three-pronged approach to achieve its goals: providing direct financing for schools, leveraging third-party capital for schools, and building the capacity of school developers and the education system. LIIF is one of the largest CDFI charter school financiers in the nation, having invested over $500 million supporting the development of 80,439 quality charter school spaces for low-income students. LIIFs Transit Oriented Development (TOD) Program invests in projects that place affordable housing and vital community services close to accessible transportation. LIIF manages the $50 million Bay Area Transit-Oriented Affordable Housing (TOAH) fund, an innovative structured fund that provides developers with flexible, affordable capital to purchase or improve available property near transit lines in the Bay Area. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,322,792 | ExpenseAmt |
| Grant | $1,623,110 | GrantAmt |
| Revenue | $1,013,286 | RevenueAmt |
| Desc | Other Development Services: Other development services include key initiatives that support high quality early child care and transit-oriented development (TOD). Equitable Transit-Oriented Development (ETOD) - LIIFs ETOD program responds to the need for financing solutions that provide flexible, affordable capital for projects that integrate community development investments with high quality transit systems. Through our ETOD program, LIIF provides technical assistance to other regions looking to employ ETOD strategies and create funds that support ETOD expansion in their cities. LIIF continues to expand ETOD strategies through our $50 million Bay Area Transit-oriented Housing Fund and is supporting the exploration of new transit-oriented fund in Los Angeles. This year, LIIF is joined partners to host the 2016 Rail~Volution conference, a national gathering of transit leaders focused on improving access and opportunities for underserved communities. LIIF also partnered with organizations in the health and environment sectors to launch a national initiative centered on ETOD strategies for low-income communities. Early Childhood Education In consultation with the Department of Education (DOE), LIIF designed and launched the Deutsche Bank Pre-K Capacity Fund to provide community based child care operators with access to no-cost bridge financing to enable them to secure operating permits, enhance facility quality, and be ready to provide services under a pre-K contract from the DOE. The Fund bridged funding that the City would provide upon pre-K contract registration with the City Comptroller. In FY16 LIIF provided more than $1M in grants to 6 organizations. Community Progress Makers Fund LIIF, in partnership with the Citi Foundation, provided technical assistance and focused group trainings to 40 community based organizations in 6 cities across the country through the Community Progress Makers Fund (CPMF). CPMF is a $20 million, two-year initiative by the Citi Foundation to support high-impact community organizations that are driving economic opportunities in their communities. The organizations are addressing a range of urban challenges in the U.S., from economic development and affordable housing to environmental sustainability and urban infrastructure. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,508,404 | ExpenseAmt |
| Grant | $1,212,196 | GrantAmt |
| Revenue | $1,237,392 | RevenueAmt |
| Desc | Child Care Program: Quality child care enables parents to work or attend school without worry for their children's well-being. LIIF launched its child care program in 1998, offering loans, grants and technical assistance to support the development of high quality child care slots for low income families. Since the program's inception, LIIF has provided trainings and workshops on the development and financing of child care center facilities and one-on-one technical assistance to providers. In addition, LIIF has offered millions of dollars in loans and planning grants. Its child care goals are accomplished through three primary funds: the award-winning Child Care Facilities Fund, the Los Angeles Emergency Bridge Fund, and the Fund for Children and Communities. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $935,749 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | See Schedule O | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $935,749 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $0 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $0 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $19,402,048 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 123 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 72 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (true) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROXANNE HUEY | PersonNm |
| Phone | 4154896102 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 CALIFORNIA STREET SUITE 2900 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94111 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| Andrew Ditton | |||||||||
| Chair | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Barry Zigas | |||||||||
| Vice Chair | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Phyllis Caldwell | |||||||||
| Secretary | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Kathy Rock | |||||||||
| Treasurer / CFO start 2/2016 | 40.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Nancy O Andrews | |||||||||
| Director / President and CEO | 40.0 | 0.0 | Yes (X) | Yes (X) | $466,952 | $0 | $13,655 | ||
| Derek Douglas | |||||||||
| Director | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Pamela Johnson | |||||||||
| Director | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Daniel Nissenbaum | |||||||||
| Director | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Sarah Rosen Wartell | |||||||||
| Director | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Russ Bruemmer | |||||||||
| Director | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| David Fleming | |||||||||
| Director | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| William Kelly | |||||||||
| Director | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Joseph Reilly | |||||||||
| Director | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Donald Lofe Jr | |||||||||
| EVP, CFO & CAO through 2/2016 | 40.0 | 0.0 | Yes (X) | $294,469 | $0 | $51,359 | |||
| Kim Latimer-Nelligan | |||||||||
| COO & EVP, Comm Inv Programs | 40.0 | 0.0 | $392,670 | $0 | $31,082 | Yes (X) | |||
| Brian Prater | |||||||||
| EVP Strat Dev & Public Affairs | 40.0 | 0.0 | $263,014 | $0 | $43,441 | Yes (X) | |||
| Diane Borradaile | |||||||||
| SVP Natl markets/cap solutions | 40.0 | 0.0 | $225,025 | $0 | $50,063 | Yes (X) | |||
| Roxanne Huey | |||||||||
| VP, Finance & Corp. Controller | 40.0 | 0.0 | $203,579 | $0 | $46,400 | Yes (X) | |||
| Jonathan Harwitz | |||||||||
| managing director, fed policy | 40.0 | 0.0 | $205,017 | $0 | $52,675 | Yes (X) | |||
| Cecile Chalifour | |||||||||
| Director, Calfornia Region | 40.0 | 0.0 | $175,355 | $0 | $32,286 | Yes (X) | |||
| Amy Laughlin | |||||||||
| Director, National NMTC | 40.0 | 0.0 | $160,050 | $0 | $41,008 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,386,131 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $361,969 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 29 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BWB Solutions | |||||
| 250 West Main Street | BRANFORD | CT | 06405 | Consulting | $501,130 |
| Novogradac Company LLP | |||||
| PO Box 7833 | SAN FRANCISCO | CA | 941207833 | Accounting & Audit | $489,147 |
| Sullivan Cromwell LLP | |||||
| 125 Broad Street | NEW YORK | NY | 10004 | Legal Consulting | $336,000 |
| Grant Thornton LLP | |||||
| PO Box 51552 | LOS ANGELES | CA | 900515852 | Audit & Tax | $223,708 |
| Vine Associates LLC | |||||
| 607 Foothill Blvd 163 | LA CANADA FLINTRIDGE | CA | 91012 | Consulting | $145,030 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 7 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $1,653,000 | GovernmentGrantsAmt |
| All Other Contributions | $3,266,153 | AllOtherContributionsAmt |
| Total Contributions | $4,919,153 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST ON LOANS | 525990 | $12,596,450 | $12,596,450 |
| LOAN PACKAGING AND SERVICE FEES | 525990 | $4,413,693 | $4,413,693 |
| TECHNICAL ASSISTANCE FEES | 525990 | $2,250,678 | $2,250,678 |
| LOAN ORIGINATION | 525990 | $1,712,050 | $1,712,050 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $20,972,871 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $522,230 | TotalRevenueColumnAmt |
| Exclusion | $522,230 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,996,738 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,065,258 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$68,520 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$68,520 | TotalRevenueColumnAmt |
| Exclusion | -$68,520 | ExclusionAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| EQUITY INCOME FROM MEMBERSHIP INVESTMENTS | 523000 | $106,544 | $106,544 |
| MISCELLANEOUS | 900099 | $77,585 | $77,585 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $184,129 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $26,529,863 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $21,157,000 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $453,710 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,583,431 | TotalAmt |
| Program Services | $4,583,431 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $163,569 | TotalAmt |
| Program Services | $163,569 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,524,929 | TotalAmt |
| Program Services | $873,377 | ProgramServicesAmt |
| Management And General | $325,776 | ManagementAndGeneralAmt |
| Fundraising | $325,776 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,613,468 | TotalAmt |
| Program Services | $4,109,362 | ProgramServicesAmt |
| Management And General | $2,239,550 | ManagementAndGeneralAmt |
| Fundraising | $264,556 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $270,113 | TotalAmt |
| Program Services | $153,922 | ProgramServicesAmt |
| Management And General | $96,345 | ManagementAndGeneralAmt |
| Fundraising | $19,846 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,289,831 | TotalAmt |
| Program Services | $768,880 | ProgramServicesAmt |
| Management And General | $460,060 | ManagementAndGeneralAmt |
| Fundraising | $60,891 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $459,305 | TotalAmt |
| Program Services | $262,031 | ProgramServicesAmt |
| Management And General | $163,826 | ManagementAndGeneralAmt |
| Fundraising | $33,448 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $161,991 | TotalAmt |
| Management And General | $161,991 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $363,300 | TotalAmt |
| Program Services | $107,906 | ProgramServicesAmt |
| Management And General | $255,394 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $120,632 | TotalAmt |
| Management And General | $120,632 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $104,798 | TotalAmt |
| Management And General | $104,798 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,619,230 | TotalAmt |
| Program Services | $1,565,042 | ProgramServicesAmt |
| Management And General | $54,188 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $592,735 | TotalAmt |
| Program Services | $381,703 | ProgramServicesAmt |
| Management And General | $155,321 | ManagementAndGeneralAmt |
| Fundraising | $55,711 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,613,525 | TotalAmt |
| Program Services | $1,040,084 | ProgramServicesAmt |
| Management And General | $417,711 | ManagementAndGeneralAmt |
| Fundraising | $155,730 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $641,387 | TotalAmt |
| Program Services | $396,479 | ProgramServicesAmt |
| Management And General | $209,669 | ManagementAndGeneralAmt |
| Fundraising | $35,239 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,319 | TotalAmt |
| Program Services | $36,769 | ProgramServicesAmt |
| Management And General | $12,650 | ManagementAndGeneralAmt |
| Fundraising | $900 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,246,429 | TotalAmt |
| Program Services | $3,246,429 | ProgramServicesAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $350,330 | TotalAmt |
| Program Services | $209,605 | ProgramServicesAmt |
| Management And General | $102,449 | ManagementAndGeneralAmt |
| Fundraising | $38,276 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $160,741 | TotalAmt |
| Management And General | $160,741 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PROV FOR LOAN LOSS/COMMITMENTS | $1,164,020 | $1,164,020 | ||
| LICENSE AND FEES | $203,331 | $147,116 | $52,032 | $4,183 |
| MEMBERSHIP AND PUBLICATIONS | $146,241 | $90,632 | $48,735 | $6,874 |
| PROVISION FOR BAD DEBT | -$12,512 | -$12,512 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $384,365 | TotalAmt |
| Program Services | $101,691 | ProgramServicesAmt |
| Management And General | $279,418 | ManagementAndGeneralAmt |
| Fundraising | $3,256 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,815,508 | TotalAmt |
| Program Services | $19,402,048 | ProgramServicesAmt |
| Management And General | $5,408,774 | ManagementAndGeneralAmt |
| Fundraising | $1,004,686 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,349,505 | BOYAmt |
| EOY | $20,293,799 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,121,448 | BOYAmt |
| EOY | $38,993,567 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,696,530 | BOYAmt |
| EOY | $2,186,050 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,862,762 | BOYAmt |
| EOY | $672,682 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $222,193,906 | BOYAmt |
| EOY | $275,716,071 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,333,226 | BOYAmt |
| EOY | $1,491,970 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $3,941,507 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,393,580 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,657,372 | BOYAmt |
| EOY | $2,547,927 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,147,245 | BOYAmt |
| EOY | $15,049,128 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $235,030 | BOYAmt |
| EOY | $327,921 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,026,239 | BOYAmt |
| EOY | $1,098,717 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $280,623,263 | BOYAmt |
| EOY | $358,377,832 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,845,146 | BOYAmt |
| EOY | $3,945,428 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,914,828 | BOYAmt |
| EOY | $3,693,869 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $763,809 | BOYAmt |
| EOY | $603,020 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,002,986 | BOYAmt |
| EOY | $15,076,380 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $169,672,399 | BOYAmt |
| EOY | $242,868,908 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $171,045 | BOYAmt |
| EOY | $305,929 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $189,370,213 | BOYAmt |
| EOY | $266,493,534 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,293,272 | BOYAmt |
| EOY | $52,143,029 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,959,778 | BOYAmt |
| EOY | $39,741,269 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,253,050 | BOYAmt |
| EOY | $91,884,298 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $280,623,263 | BOYAmt |
| EOY | $358,377,832 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $714,355 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $266,893 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$350,000 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $15,849,844 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,280,960 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,073,378 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $13,127,122 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,919,153 | CurrentTaxYearAmt |
| Total | $46,250,457 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $15,849,844 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,280,960 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,073,378 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $13,127,122 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,919,153 | CurrentTaxYearAmt |
| Total | $46,250,457 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $9,615,795 | SubstantialContributorsTotAmt |
| Public Support Total170 | $36,634,662 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $546,490 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $463,038 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $499,311 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $552,368 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $522,230 | CurrentTaxYearAmt |
| Total | $2,583,437 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $48,833,894 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $80,834,932 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.75019 | PublicSupportCY170Pct |
| Public Support PY170 | 0.79348 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbyingGrp |
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $173,315 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $173,315 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $25,537,395 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $25,710,710 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $1,000,000 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $250,000 | FilingOrganizationsTotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Lbbyng Grassroot Mns Non Tx | TotLbbyngGrassrootMnsNonTxGrp | |
| Tot Lbby Expend Mns Lbbyng Non Tx | TotLbbyExpendMnsLbbyngNonTxGrp |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $689,633 | CurrentYearMinus3Amt |
| Current Year Minus2 | $1,000,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $1,000,000 | CurrentYearMinus1Amt |
| Current Year | $1,000,000 | CurrentYearAmt |
| Total | $3,689,633 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $5,534,450 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $79,243 | CurrentYearMinus3Amt |
| Current Year Minus2 | $61,992 | CurrentYearMinus2Amt |
| Current Year Minus1 | $174,973 | CurrentYearMinus1Amt |
| Current Year | $173,315 | CurrentYearAmt |
| Total | $489,523 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $172,408 | CurrentYearMinus3Amt |
| Current Year Minus2 | $250,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $250,000 | CurrentYearMinus1Amt |
| Current Year | $250,000 | CurrentYearAmt |
| Total | $922,408 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,383,612 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp | |
| Land | LandGrp | |
| Buildings | BuildingsGrp |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,866,080 | OtherCostOrOtherBasisAmt |
| Depreciation | $211,892 | DepreciationAmt |
| Book Value | $1,654,188 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,344,543 | OtherCostOrOtherBasisAmt |
| Depreciation | $463,273 | DepreciationAmt |
| Book Value | $881,270 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $730,884 | OtherCostOrOtherBasisAmt |
| Depreciation | $718,415 | DepreciationAmt |
| Book Value | $12,469 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,547,927 | TotalBookValueLandBuildingsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ACCRUED INTEREST PAYABLE | Desc |
| Amt | $305,929 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $305,929 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Escrow Agreements | Schedule D, Part IV, Line 2b: Escrow accounts include amounts received from borrowers and funders that are reserved for borrower operating costs, interest reserves, and loan fundings. |
| FIN 48 (ASC 740) Footnote | Schedule D, Part X, Line 2: LIIF has accounted for the uncertainty in income taxes as required by the Accounting for Uncertainty in Income Taxes topic of the FASB Accounting Standards Codification ("ASC"). LIIF uses a comprehensive model for recognizing, measuring, presenting and disclosing in the financial statements tax positions taken or expected to be taken on a tax return. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. The effect of applying this model and the resulting identification of uncertain tax positions, if any, were not considered significant for financial reporting purposes and are not anticipated to change in the twelve months following June 30, 2016. During the years ended June 30, 2016 and 2015, LIIF recognized no interest or penalties associated with unrecognized tax benefits. LIIF is subject to filing of U.S. federal, New York, and California informational returns. Federal returns for years ended June 30, 2013 through June 30, 2016, and California returns for years ended June 30, 2012 through June 30, 2016 are currently open for potential federal and state examination. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (35 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | IRC SectionIRCSectionDesc |
|---|---|---|---|---|---|---|---|
| Image Auto LLC | |||||||
| 126 Dwight Park Circle | Syracuse | NY | 13209 | 571203949 | $98,370 | Healthy Food/Healthy Communities-Mobile Improvement System Grant | |
| Enterprise Community Partners Inc | |||||||
| PO Box 64854 | Baltimore | MD | 21264 | 521231931 | $191,852 | General Support for LA Thrives & SPARCC programs Improvement System Grant | 501(c)(3) |
| 149 Street Food Corp | |||||||
| 459 East 149th Street | Bronx | NY | 10455 | 461736555 | $300,000 | Support Renovation of Supermarket | |
| Buffalo Hotel Supply Co Inc | |||||||
| 2 Charles Boulevard | Guilderland | NY | 12084 | 160366765 | $46,280 | Healthy Food/Healthy Communities - FF&E | |
| Alameda Family Services | |||||||
| 2325 Clement Avenue Suite A | Alameda | CA | 94501 | 237088243 | $17,500 | Child care facility quality rating and improvement system grant | 501(c)(3) |
| Natural Resources Defense Council Inc | |||||||
| 1152 15th Street Northwest Suite 3 | Washington | DC | 20005 | 132654926 | $129,261 | General Support for SPARCC program | 501(c)(3) |
| Build Hope LLC | |||||||
| Beth Greenwood c/o Build Hope LLC | Tully | NY | 13159 | 463956780 | $5,452 | Healthy Food/Healthy Communities Grant | |
| FSLG Group LLC | |||||||
| 54 Hapeman Hill Road | Red Hook | NY | 12571 | 270205530 | $38,065 | Healthy Food/Healthy Communities Grant | |
| Fremont Unified School District | |||||||
| 4210 Technology Drive | Fremont | CA | 94538 | 941636029 | $28,000 | Child care facility quality rating and improvement system grant | 115 |
| Peralta Community College District | |||||||
| 333 East 8th Street | Oakland | CA | 94606 | 941590799 | $10,000 | Child care facility quality rating and improvement system grant | 115 |
| Hayward Unified School District | |||||||
| 24411 Amador Street | Hayward | CA | 94544 | 941693499 | $40,000 | Child care facility quality rating and improvement system grant | 115 |
| Broome County Council of Churches Inc | |||||||
| 3 Otseningo Street | Binghamton | NY | 13903 | 150547374 | $61,650 | Healthy Food/Healthy Communities - Equipment | 501(c)(3) |
| Bayside Grocery | |||||||
| 537 Main Street | Fair Haven | NY | 13064 | 161581658 | $36,220 | Healthy Food/Healthy Communities - Equipment & Construction | |
| Sweeney's Market | |||||||
| 6518 State Route 434 | Apalachin | NY | 13732 | 161129797 | $72,752 | Healthy Food/Healthy Communities - Equipment | |
| Christian World Child Care Center | |||||||
| 3820 East Ave | Livermore | CA | 94550 | 943210222 | $10,000 | Child Care Facility Grant | 501(c)(3) |
| Bay Area Hispano Institute for Advancement Inc | |||||||
| 1000 Camelia Street | Berkeley | CA | 94710 | 942297359 | $25,882 | Child care facility quality rating and improvement system grant | 501(c)(3) |
| 2395 FDB JV LLC | |||||||
| 2395 Frederick Douglass Blvd | New York | NY | 10027 | 371799645 | $174,303 | Support redevelopment of a new supermarket | |
| FranDelJa Enrichment Center | |||||||
| 950 Gilman Avenue | San Francisco | CA | 94124 | 943256620 | $30,000 | Child Care Center Pre-Development | 501(c)(3) |
| Li'l Angels Center for Services & Learning | |||||||
| 1836 B Street | Hayward | CA | 94541 | 800473219 | $65,000 | Child Care Facility Grant | 501(c)(3) |
| The Local Food Market | |||||||
| 37 N Main Street | Cortland | NY | 13045 | 464497169 | $28,828 | Healthy Food/Healthy Communities-Equipment | |
| Child Family and Community Services Inc | |||||||
| 32980 Alvarado-Niles Road Suite 846 | Union City | CA | 94587 | 942202153 | $40,000 | Child Care Facility Grant | |
| Good Samaritan Family Resource Center | |||||||
| 1294 Potrero Avenue | San Francisco | CA | 94110 | 943154078 | $13,600 | Child Care Center Pre-Development | 501(c)(3) |
| Nojaim Inc | |||||||
| 307 Gifford Street | Syracuse | NY | 13204 | 611411026 | $100,000 | Healthy Food/Healthy Communities Grant | |
| TJL Foods Inc | |||||||
| 15 N Main Street | Spencer | NY | 14883 | 161441581 | $49,659 | Healthy Food/Healthy Communities Grant | |
| Carrfour Supportive Housing | |||||||
| 1398 SW 1st Street 1201 | Miami | FL | 33135 | 650387766 | $125,000 | Community housing development | 501(c)(3) |
| Gerharz Equipment Inc | |||||||
| 6146 East Molloy Road | East Syracuse | NY | 13057 | 161151203 | $22,029 | Healthy Food/Healthy Communities-FF&E | |
| Nihonmachi Little Friends | |||||||
| 1830 Sutter Street | San Francisco | CA | 94115 | 942325686 | $300,000 | Preschool new development | 501(c)(3) |
| Wu Yee Children's Services | |||||||
| 827 Broadway Street 2/F | San Francisco | CA | 94133 | 942387002 | $33,574 | Child Care Center Renovation & Repair | 501(c)(3) |
| Mission Neighborhood Centers Inc | |||||||
| 362 Capp Street | San Francisco | CA | 94110 | 941408150 | $500,000 | Child Care Center Pre-Development (Centro de Alegria site) | 501(c)(3) |
| Dutchess Outreach | |||||||
| 29 N Hamilton St Suite 202 | Poughkeepsie | NY | 12601 | 222339537 | $28,789 | Healthy Food/Healthy Communities-Mobile Market | 501(c)(3) |
| Hubert Company | |||||||
| 25401 Network Place | Chicago | IL | 60673 | 311733723 | $9,001 | Healthy Food/Healthy Communities-Euro Table line item | |
| The Reinvestment Fund | |||||||
| 1700 Market Street 19th Flr | Philadelphia | PA | 19103 | 232331946 | $23,250 | Federally Qualified Health Center Grant | 501(c)(3) |
| Bridge Housing Corporation | |||||||
| 600 California Street Suite 900 | San Francisco | CA | 94108 | 942827909 | $593,319 | Implementation of a new community development model | 501(c)(3) |
| Bayou District Foundation | |||||||
| 320 Julia Street | New Orleans | LA | 90130 | 260833850 | $593,319 | Implementation of a new community development model | 501(c)(3) |
| The Community Builders Inc | |||||||
| 95 Berkerly Street Suite 500 | Boston | MA | 02116 | 042324773 | $698,307 | Implementation of a new community development model | 501(c)(3) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 21 | Total501c3OrgCnt |
| Total Other Org | 14 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| Child Care Center Expansion | 1 | $7,500 |
| Child Care Center Renovation & Repair | 3 | $14,640 |
| Child care facility quality rating and improvement | 14 | $38,000 |
| Healthy Food/ Healthy Communities-Construction | 1 | $26,568 |
| Healthy Food/ Healthy Communities- Equipment | 2 | $76,861 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Procedures for Monitoring Use of Grant Funds | FormAndLineReferenceDesc |
| Explanation | Schedule I, Part I, Line 2: LIIF receives signed contracts from grantees prior to releasing grant funds. The contracts spell out the specific use of funds. LIIF employees follow up with grantees to verify proper use of funds. The majority of our grants are made from pass-through grant funds for which LIIF has reporting obligations back to the original grantor. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nancy O Andrews | ||||||||||||||
| Director / President and CEO | $366,952 | $0 | $100,000 | $0 | $0 | $0 | $10,600 | $0 | $3,055 | $0 | $480,607 | $0 | $0 | $0 |
| Kim Latimer-Nelligan | ||||||||||||||
| COO & EVP, Comm Inv Programs | $302,670 | $0 | $90,000 | $0 | $0 | $0 | $10,600 | $0 | $20,482 | $0 | $423,752 | $0 | $0 | $0 |
| Brian Prater | ||||||||||||||
| EVP Strat Dev & Public Affairs | $219,014 | $0 | $44,000 | $0 | $0 | $0 | $10,567 | $0 | $32,874 | $0 | $306,455 | $0 | $0 | $0 |
| Donald Lofe Jr | ||||||||||||||
| EVP, CFO & CAO through 2/2016 | $294,469 | $0 | $0 | $0 | $0 | $0 | $10,600 | $0 | $40,759 | $0 | $345,828 | $0 | $0 | $0 |
| Diane Borradaile | ||||||||||||||
| SVP Natl markets/cap solutions | $186,447 | $0 | $38,578 | $0 | $0 | $0 | $9,290 | $0 | $40,773 | $0 | $275,088 | $0 | $0 | $0 |
| Roxanne Huey | ||||||||||||||
| VP, Finance & Corp. Controller | $176,429 | $0 | $27,150 | $0 | $0 | $0 | $8,546 | $0 | $37,854 | $0 | $249,979 | $0 | $0 | $0 |
| Jonathan Harwitz | ||||||||||||||
| managing director, fed policy | $185,517 | $0 | $19,500 | $0 | $0 | $0 | $9,090 | $0 | $43,585 | $0 | $257,692 | $0 | $0 | $0 |
| Cecile Chalifour | ||||||||||||||
| Director, Calfornia Region | $159,345 | $0 | $16,010 | $0 | $0 | $0 | $7,151 | $0 | $25,135 | $0 | $207,641 | $0 | $0 | $0 |
| Amy Laughlin | ||||||||||||||
| Director, National NMTC | $135,050 | $0 | $25,000 | $0 | $0 | $0 | $6,728 | $0 | $34,280 | $0 | $201,058 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Non-Fixed Payments | FormAndLineReferenceDesc |
| Explanation | Schedule J, Part I, Line 7: During the 2015 calendar year, the organization provided individuals listed on Form 990, Part VII and Schedule J non-fixed payments in the form of bonuses. All bonuses are discretionary, and are based on several factors including individual performance, company goals, and individual goals. At the end of each fiscal year, the President & CEO and Executive Committee approve bonus limits to be paid-out. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Program Service Accomplishments | Form 990, Part III, Line 4d: National Policy: LIIF designs and implements advocacy strategies to ensure the organization is active in federal policy initiatives relevant to its main program areas. The national policy program advances the policy agenda of LIIF, leveraging relationships and building dynamism around the organization and its mission of poverty alleviation. |
| Form 990 Review Process | Form 990, Part VI, Section B, Line 11b: Grant Thornton LLP and the LIIF staff work together in gathering the required tax information necessary to complete the Form 990. The initial draft return is reviewed by Grant Thornton and the LIIF finance staff; items are discussed and reviewed, with recommended changes reflected in the returns. A copy of the Form 990 is then distributed to the Audit Committe for review and approval for filing with the Internal Revenue Service. |
| Conflict of Interest Policy | Form 990, Part VI, Section B, Line 12c: Key employees and management officials are required to disclose immediately interests that could give rise to conflicts. Members of the board of directors are required to annually complete conflict of interest surveys identifying potential conflicts. The results of these surveys are communicated amongst the entire board to ensure all members are aware of potential conflicts that may arise during the year. Members of loan committees must recuse themselves from decisions that could give rise to conflicts of interest. In general, conflicts of interest are limited to individual transactions in which LIIF is considering undertaking with organizations with which a board member may have a relationship. As a result, it is relatively straightforward to monitor compliance. |
| Process Used to Establish Compensation of President & CEO / Key Employees | Form 990, Part VI, Section B, Lines 15a and 15b: Key employees, as defined by IRS regulations and including the CEO, are included in annual compensation review and approval. An outside independent consultant conducts a review of comparable data drawn from various sources including industry data and compensation reported by similar organizations, including review of Form 990 filings. These summaries are presented to the Executive Committee of the board of directors (comprised of independent directors) which is responsible for reviewing compensation and recommending adjustments to the board of directors who approve the adjustments. Deliberations and decisions are substantiated. |
| Documents Available to the Public | Form 990, Part VI, Section C, Line 19: LIIF makes available to the public its financial statements in summary form through its annual report, which is disseminated widely and available to others upon requires. The organizations by-laws, Form 990 filing, and conflict of interest policy are available upon request. |
| Other Changes in Net Assets | Form 990, Part XI, Line 9: Impairment Loss: $(350,000) |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (16 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| Fund for Children and Communities LLC | |||||||||
| 50 California Street Ste 2900 | SAN FRANCISCO | CA | 94111 | 753075371 | LENDING | DE | $218,491 | $7,561,055 | LIIF |
| FoodCo LLC | |||||||||
| 50 California Street Ste 2900 | SAN FRANCISCO | CA | 94111 | 942952578 | LENDING | DE | $259,802 | $19,995,124 | LIIF |
| LIIF REO I LLC | |||||||||
| 50 California Street Ste 2900 | SAN FRANCISCO | CA | 94111 | 942952578 | REAL ESTATE | CA | $0 | $451 | LIIF |
| LIIF New Markets LLC | |||||||||
| 50 California Street Ste 2900 | SAN FRANCISCO | CA | 94111 | 942952578 | LENDING | DE | $1,028,388 | $235,255 | LIIF |
| LIIF New Markets I LLC | |||||||||
| 50 California Street Ste 2900 | SAN FRANCISCO | CA | 94111 | 942952578 | LENDING | DE | $23,805 | $24,014 | LIIF NM LLC |
| LIIF New Markets II LLC | |||||||||
| 50 California Street Ste 2900 | SAN FRANCISCO | CA | 94111 | 942952578 | LENDING | DE | $19,271 | $2,932 | LIIF NM LLC |
| LIIF New Markets III LLC | |||||||||
| 50 California Street Ste 2900 | SAN FRANCISCO | CA | 94111 | 942952578 | LENDING | DE | $9,167 | $1,806 | LIIF NM LLC |
| LIIF New Markets IV LLC | |||||||||
| 50 California Street Ste 2900 | SAN FRANCISCO | CA | 94111 | 942952578 | LENDING | DE | $2,029 | $4,315 | LIIF NM LLC |
| LIIF New Markets V LLC | |||||||||
| 50 California Street Ste 2900 | SAN FRANCISCO | CA | 94111 | 942952578 | LENDING | DE | $52,500 | $24,371 | LIIF NM LLC |
| LIIF New Markets VI LLC | |||||||||
| 50 California Street Ste 2900 | SAN FRANCISCO | CA | 94111 | 942952578 | LENDING | DE | $151,500 | $23,233 | LIIF NM LLC |
| LIIF New Markets VII LLC | |||||||||
| 50 California Street Ste 2900 | SAN FRANCISCO | CA | 94111 | 942952578 | LENDING | DE | $31,500 | $26,357 | LIIF NM LLC |
| LIIF New Markets VIII LLC | |||||||||
| 50 California Street Ste 2900 | SAN FRANCISCO | CA | 94111 | 942952578 | LENDING | DE | $52,500 | $5,384 | LIIF NM LLC |
| LIIF New Markets IX LLC | |||||||||
| 50 California Street Ste 2900 | SAN FRANCISCO | CA | 94111 | 942952578 | LENDING | DE | $44,000 | $23,309 | LIIF NM LLC |
| LIIF New Markets X LLC | |||||||||
| 50 California Street Ste 2900 | SAN FRANCISCO | CA | 94111 | 942952578 | LENDING | DE | $23,797 | $14,652 | LIIF NM LLC |
| LIIF New Markets XI LLC | |||||||||
| 50 California Street Ste 2900 | SAN FRANCISCO | CA | 94111 | 942952578 | LENDING | DE | $104,536 | $10,807 | LIIF NM LLC |
| LIIF New Markets XII LLC | |||||||||
| 50 California Street Ste 2900 | SAN FRANCISCO | CA | 94111 | 942952578 | LENDING | DE | $53,500 | $14,901 | LIIF NM LLC |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | UBI Code VUBICodeVAmt | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LIIF TOAH MEMBER LLC | ||||||||||||||
| 50 California Street Ste 2900 | SAN FRANCISCO | CA | 94111 | 275178180 | Housing Dvlp. | DE | LIIF | related | $21,190 | $14,723,829 | false | $0 | false | 0.99000 |
| BATOAH LLC | ||||||||||||||
| 50 California Street Ste 2900 | SAN FRANCISCO | CA | 94111 | 275288604 | Housing Dvlp. | DE | LIIF TOAH | related | $22,387 | $3,236,957 | false | $0 | Yes (true) | 0.33333 |
| GSAF LLC | ||||||||||||||
| 50 California Street Ste 2900 | SAN FRANCISCO | CA | 94111 | 455350755 | Lending | CA | NA | related | $34,423 | $5,850,203 | false | $0 | Yes (true) | 0.25000 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIIF NMTC Holdings LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 California Street Suite 2900 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 461849564 | EIN |
| Primary Activities | Lending | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIIF | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C Corp | EntityTypeTxt |
| Share Of Total Income | $0 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $160 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |