LOW INCOME INVESTMENT FUND: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- LOW INCOME INVESTMENT FUND (EIN 94-2952578)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-14
- IRS object ID
- 201421349349307977
- Schema version
- 2012v2.3
- 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 L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-14T17:50:18-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE CALIFORNIA STREET SUITE 2300 | AddressLine1 |
| City | SAN FRANCISCO | City |
| State | CA | State |
| ZIP Code | 94111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 942952578 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Low Income Investment Fund | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % ROXANNE HUEY | InCareOfName |
| Name Control | LOWI | NameControl |
| Phone | 4157729094 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 PINE STREET | AddressLine1 |
| Address Line2 | Suite 1800 | AddressLine2 |
| City | SAN FRANCISCO | City |
| State | CA | State |
| ZIP Code | 94111 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Nancy O Andrews | Name |
| Title | President and CEO | Title |
| Phone | 4157729094 | Phone |
| Date Signed | 2013-05-14 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOSEPH S DE TRANE | Name |
| Phone | 4159863900 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | NANCY O ANDREWS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 PINE STREET | AddressLine1 |
| City | SAN FRANCISCO | City |
| State | CA | State |
| ZIP Code | 94111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 27937254 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.LIIFUND.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1984 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | SEE SCHEDULE O | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 10 | NbrIndependentVotingMembers |
| Total Nbr Employees | 66 | TotalNbrEmployees |
| Total Nbr Volunteers | 11 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 15849844 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 5280960 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 13202803 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 13315454 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 931628 | InvestmentIncomePriorYear |
| Investment Income Current Year | 487402 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 60333 | OtherRevenuePriorYear |
| Other Revenue Current Year | 367562 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 30044608 | TotalRevenuePriorYear |
| Total Revenue Current Year | 19451378 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2059631 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 598515 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 6792241 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 6653176 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 760803 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 8080386 | OtherExpensePriorYear |
| Other Expenses Current Year | 6942118 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 16932258 | TotalExpensesPriorYear |
| Total Expenses Current Year | 14193809 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 13112350 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 5257569 | RevenuesLessExpensesCY |
| Total Assets BOY | 192789956 | TotalAssetsBOY |
| Total Assets EOY | 195548781 | TotalAssetsEOY |
| Total Liabilities BOY | 117906388 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 116583931 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 74883568 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 78964850 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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 $1.5 BILLION IN FINANCING AND TECHNICAL ASSISTANCE FOR PROJECTS BENEFITING LOW INCOME COMMUNITIES, LEVERAGING INVESTMENTS OF $7.5 BILLION. THROUGH THESE PROJECTS, WE HAVE SERVED OVER 1.6 MILLION PEOPLE AND SUPPORTED: 62,000 UNITS OF HOUSING; 243,000 CHILD CARE SPACES; 71,000 SPACES IN SCHOOLS FOR CHILDREN; AND 60 MILLION SQUARE FEET OF GREENER FACILITIES. LIIF IS HEADQUARTERED IN SAN FR | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 8153709 | Expense |
| Grants | 259566 | Grants |
| Revenue | 12128654 | Revenue |
| Description | SEE SCHEDULE O | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 814186 | Expense |
| Grants | 69672 | Grants |
| Revenue | 81323 | Revenue |
| Description | SEE SCHEDULE O | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1065855 | Expense |
| Grants | 269277 | Grants |
| Revenue | 847654 | Revenue |
| Description | SEE SCHEDULE O | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 758906 | Expense |
| Grants | 0 | Grants |
| Revenue | 625385 | Revenue |
| Description | SEE SCHEDULE O | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 758906 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 625385 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 10792656 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | true | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 66 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 66 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 10 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | true | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | true | InvestmentInJointVenture |
| Written Policy Or Procedure | true | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | ROXANNE HUEY | NamePerson |
| Telephone Number | 4157729094 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 PINE STREET SUITE 1800 | AddressLine1 |
| City | SAN FRANCISCO | City |
| State | CA | State |
| ZIP Code | 94111 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (24 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|---|
| Dan Letendre | |||||||||
| Chair | 1.0 | 0.0 | X | X | 0 | 0 | 0 | ||
| Andrew Ditton | |||||||||
| Vice Chair | 1.0 | 0.0 | X | X | 0 | 0 | 0 | ||
| Barry Zigas | |||||||||
| Treasurer | 1.0 | 0.0 | X | X | 0 | 0 | 0 | ||
| Mary Kaiser | |||||||||
| Secretary | 1.0 | 0.0 | X | X | 0 | 0 | 0 | ||
| Ellen Seidman | |||||||||
| Director | 1.0 | 0.0 | X | 0 | 0 | 0 | |||
| Derek Douglas | |||||||||
| Director | 1.0 | 0.0 | X | 0 | 0 | 0 | |||
| Sarah Wartell | |||||||||
| Director | 1.0 | 0.0 | X | 0 | 0 | 0 | |||
| Phyllis Caldwell | |||||||||
| Director | 1.0 | 0.0 | X | 0 | 0 | 0 | |||
| Kirsten Moy | |||||||||
| Director | 1.0 | 0.0 | X | 0 | 0 | 0 | |||
| Joseph Reilly | |||||||||
| Director | 1.0 | 0.0 | X | 0 | 0 | 0 | |||
| Kathryn Rock | |||||||||
| Director | 1.0 | 0.0 | X | 0 | 0 | 0 | |||
| Judy Burton | |||||||||
| Director - CYPT | 1.0 | 0.0 | X | ||||||
| Nancy O Andrews | |||||||||
| President & CEO | 40.0 | 0.0 | X | 438434 | 0 | 12368 | |||
| Arthur Fatum | |||||||||
| EVP, CFO - CYPT | 40.0 | 0.0 | X | 294897 | 0 | 47122 | |||
| Donald P Lofe Jr | |||||||||
| EVP, CFO and CAO | 40.0 | 0.0 | X | 0 | 0 | 0 | |||
| Kimberly Latimer-Nelligan | |||||||||
| Chief Operating Officer & EVP | 40.0 | 0.0 | 363146 | 0 | 27733 | X | |||
| Brian Prater | |||||||||
| SVP, Strategic Dev & Corp Aff | 40.0 | 0.0 | 224488 | 0 | 32681 | X | |||
| Judith Kende | |||||||||
| Managing Director-Eastern Reg | 40.0 | 0.0 | 233850 | 0 | 9354 | X | |||
| Corey Carlisle | |||||||||
| Director, Fed Policy & Gov Aff | 40.0 | 0.0 | 195240 | 0 | 18758 | X | |||
| Roxanne Huey | |||||||||
| Controller | 40.0 | 0.0 | 156638 | 0 | 33891 | X | |||
| Diane Borradaile | |||||||||
| Director of Asset Management | 40.0 | 0.0 | 155118 | 0 | 34785 | X | |||
| Cecile Chalifour | |||||||||
| Deputy Director | 36.0 | 0.0 | 134560 | 0 | 27848 | X | |||
| Hannah Blitzer | |||||||||
| Sr. Loan Officer & Assoc Dir. | 40.0 | 0.0 | 123915 | 0 | 8675 | X | |||
| Candace Wong | |||||||||
| Director, CA Child Dev. Prog. | 40.0 | 0.0 | 125794 | 0 | 13749 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2446080 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 266964 | TotalOtherCompensation |
| Number Individuals GT100 K | 15 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Wildan Energy Solutions | |||||
| 2401 E Katella Avenue | ANAHEIM | CA | 92806 | Consulting Services | 239100 |
| Novogradac Company LLC | |||||
| PO Box 7833 | SAN FRANCISCO | CA | 94120 | Audit / Tax Services | 239100 |
| Xantrion Inc | |||||
| 651 20th Street | OAKLAND | CA | 94612 | IT Consulting | 186045 |
| Richard Pinner | |||||
| 305 East 86th Street | NEW YORK | NY | 10028 | Legal Consulting | 178950 |
| Crowe Horwarth LLP | |||||
| 400 Capitol Mall Suite 1200 | SACRAMENTO | CA | 95814 | AUDIT / TAX SERVICES | 168426 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 9 | NumberOfContractorsGT100K |
| All Other Contributions | 5280960 | AllOtherContributions |
| Noncash Contributions | 0 | NoncashContributions |
| Total Contributions | 5280960 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| INTEREST ON LOANS | 525990 | 7437857 | 7437857 |
| TECHNICAL ASSISTANCE FEES | 525990 | 1736933 | 1736933 |
| LOAN PACKAGING AND SERVICE FEES | 525990 | 2885884 | 2885884 |
| LOAN ORIGINATION | 525990 | 1254780 | 1254780 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 13315454 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 463038 | TotalRevenueColumn |
| Exclusion | $463,038 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 8510240 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 8485876 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 24364 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 24364 | TotalRevenueColumn |
| Exclusion | $24,364 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| EQUITY INCOME FROM MEMBERSHIP INVESTMENT | 523000 | 8878 | 8878 |
| DEBT FORGIVENESS | 525990 | 346614 | 346614 |
| MISCELLANEOUS | 900099 | 12070 | 12070 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 367562 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19451378 | TotalRevenueColumn |
| Related Or Exempt Function Income | 13683016 | RelatedOrExemptFunctionIncome |
| Exclusion | $487,402 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 559515 | Total |
| Program Services | 559515 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39000 | Total |
| Program Services | 39000 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1902561 | Total |
| Program Services | 1902561 | ProgramServices |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3896816 | Total |
| Program Services | 2237572 | ProgramServices |
| Management And General | 1208013 | ManagementAndGeneral |
| Fundraising | 451231 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 144864 | Total |
| Program Services | 76444 | ProgramServices |
| Management And General | 44908 | ManagementAndGeneral |
| Fundraising | 23512 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 308978 | Total |
| Program Services | 166226 | ProgramServices |
| Management And General | 95783 | ManagementAndGeneral |
| Fundraising | 46969 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 399957 | Total |
| Program Services | 228641 | ProgramServices |
| Management And General | 123987 | ManagementAndGeneral |
| Fundraising | 47329 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 114163 | Total |
| Management And General | 60323 | ManagementAndGeneral |
| Fundraising | 53840 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 282300 | Total |
| Program Services | 72908 | ProgramServices |
| Management And General | 209392 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 174455 | Total |
| Program Services | 160176 | ProgramServices |
| Management And General | 5525 | ManagementAndGeneral |
| Fundraising | 8754 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 102442 | Total |
| Management And General | 102442 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1154082 | Total |
| Program Services | 1153807 | ProgramServices |
| Fundraising | 275 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 557959 | Total |
| Program Services | 366575 | ProgramServices |
| Management And General | 139120 | ManagementAndGeneral |
| Fundraising | 52264 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 728485 | Total |
| Program Services | 593426 | ProgramServices |
| Management And General | 96981 | ManagementAndGeneral |
| Fundraising | 38078 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 387796 | Total |
| Program Services | 281875 | ProgramServices |
| Management And General | 84760 | ManagementAndGeneral |
| Fundraising | 21161 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35531 | Total |
| Program Services | 29798 | ProgramServices |
| Management And General | 5248 | ManagementAndGeneral |
| Fundraising | 485 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1194456 | Total |
| Program Services | 1194456 | ProgramServices |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 182525 | Total |
| Program Services | 163455 | ProgramServices |
| Management And General | 13815 | ManagementAndGeneral |
| Fundraising | 5255 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 147170 | Total |
| Management And General | 147170 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| PROVISION FOR LOAN LOSSES | 879314 | 821893 | 57421 | |
| PROVISION FOR LOAN COMMIT. | 381636 | 381636 | ||
| LICENSES AND FEES | 175746 | 112535 | 60930 | 2281 |
| MEMBERSHIPS AND PUBLICATIONS | 91108 | 38393 | 49572 | 3143 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 352950 | Total |
| Program Services | 211764 | ProgramServices |
| Management And General | 134960 | ManagementAndGeneral |
| Fundraising | 6226 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14193809 | Total |
| Program Services | 10792656 | ProgramServices |
| Management And General | 2640350 | ManagementAndGeneral |
| Fundraising | 760803 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9334827 | BOY |
| EOY | 1776325 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37394308 | BOY |
| EOY | 39242700 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7045734 | BOY |
| EOY | 3501970 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1825994 | BOY |
| EOY | 838855 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 119495121 | BOY |
| EOY | 132017176 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 492346 | BOY |
| EOY | 506576 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 2167603 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1866408 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 399735 | BOY |
| EOY | 301195 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16045160 | BOY |
| EOY | 16370943 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 68473 | BOY |
| EOY | 73161 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 688258 | BOY |
| EOY | 919880 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 192789956 | BOY |
| EOY | 195548781 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3065191 | BOY |
| EOY | 2902698 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1810170 | BOY |
| EOY | 2712787 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 814520 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13777669 | BOY |
| EOY | 15019300 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 99219454 | BOY |
| EOY | 95022438 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33904 | BOY |
| EOY | 112188 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 117906388 | BOY |
| EOY | 116583931 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32686482 | BOY |
| EOY | 35421513 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42197086 | BOY |
| EOY | 43543337 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74883568 | BOY |
| EOY | 78964850 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 192789956 | BOY |
| EOY | 195548781 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 5257569 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | -307407 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | -868880 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
| Contrib By Controlling Individual | false | ContribByControllingIndividual |
| Contribution By Related Party | false | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | false | ContribBy35ControlledEntity |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 6217663 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 5663159 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 16402862 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 15849844 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5280960 | CurrentTaxYear |
| Total | 49414488 | Total |
Tax Rev Levied For Org Benefit170 TaxRevLeviedForOrgBenefit170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Value Srvc Fclts Furnished By Govt ValueSrvcFcltsFurnishedByGovt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 6217663 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 5663159 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 16402862 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 15849844 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5280960 | CurrentTaxYear |
| Total | 49414488 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 7245111 | AmountsSubstContributorsTotal |
| Public Support Total170 | 42169377 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 764265 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 565601 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 494728 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 546490 | CurrentTaxYearMinus1Year |
| Current Tax Year | 463038 | CurrentTaxYear |
| Total | 2834122 | Total |
Net UBI NetUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 52248610 | TotalSupport |
| Gross Receipts From Admissions Etc | 65912627 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.80709 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.86050 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying |
Total Direct Lobbying TotalDirectLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 79243 | FilingOrganizationsTotals |
Total Lobbying Expenditures TotalLobbyingExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 79243 | FilingOrganizationsTotals |
Other Exempt Purpose Expenditures OtherExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 10713413 | FilingOrganizationsTotals |
Total Exempt Purpose Expenditures TotalExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 10792656 | FilingOrganizationsTotals |
Lobbying Nontaxable LobbyingNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 689633 | FilingOrganizationsTotals |
Grassroots Nontaxable GrassrootsNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 172408 | FilingOrganizationsTotals |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx |
Lobbying Nontaxable Amount2 LobbyingNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 770492 | CurrentYearMinus3 |
| Current Year Minus2 | 821929 | CurrentYearMinus2 |
| Current Year Minus1 | 1000000 | CurrentYearMinus1 |
| Current Year | 689633 | CurrentYear |
| Total | 3282054 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $4,923,081 | LobbyingCeilingAmount |
Total Lobbying Expenditures2 TotalLobbyingExpenditures2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 43155 | CurrentYearMinus3 |
| Current Year Minus2 | 45392 | CurrentYearMinus2 |
| Current Year Minus1 | 96761 | CurrentYearMinus1 |
| Current Year | 79243 | CurrentYear |
| Total | 264551 | Total |
Grassroots Nontaxable Amount2 GrassrootsNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 192623 | CurrentYearMinus3 |
| Current Year Minus2 | 205482 | CurrentYearMinus2 |
| Current Year Minus1 | 250000 | CurrentYearMinus1 |
| Current Year | 172408 | CurrentYear |
| Total | 820513 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,230,770 | GrassrootsCeilingAmount |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Agent Trustee Etc | false | AgentTrusteeEtc |
| Included On FS | true | IncludedOnFS |
| Explanation In Part XIII | X | ExplanationInPartXIII |
| Current Year Minus3 Years | CurrentYearMinus3Years | |
| Current Year Minus4 Years | CurrentYearMinus4Years | |
| Land | Land | |
| Buildings | Buildings |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 175028 | OtherCostOrOtherBasis |
| Depreciation | 141951 | Depreciation |
| Book Value | 33077 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1228716 | OtherCostOrOtherBasis |
| Depreciation | 1102207 | Depreciation |
| Book Value | 126509 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 763859 | OtherCostOrOtherBasis |
| Depreciation | 622250 | Depreciation |
| Book Value | 141609 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 301195 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ACCRUED INTEREST PAYABLE | Description |
| Amount | $112,188 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 112188 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Explanation of Escrow Agreement | 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 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 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 signficant for financial reporting purposes and are not anticipated to change in the twelve months following June 30, 2013. During the years ended June 30, 2013 and 2012, 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 and New York returns for years ended June 30, 2010 through June 30, 2013, and California returns for years ended June 30, 2009 through June 30, 2013 are currently open for potential federal and state examination. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable (8 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant | IRC SectionIRCSection |
|---|---|---|---|---|---|---|---|
| Bay Area Transit Oriented Affordable Housing LLC | |||||||
| 100 Pine St Ste 1800 | SF | CA | 94111 | 275288604 | 21890 | Start-Up Fund Grant Support Federally Qualified Healthcare Grant Child Care Facility Grant Child Care Facility Grant Child Care Facility Grant Child Care Facility Grant Child Care Facility Grant Child Care Facility Grant Child Care Facility Grant Child Care Facility Grant Child Care Facility Grant Start-Up Fund Grant Support Child Care Facility Grant Child Care Facility Grant Healthy Food Facility Grant Child Care Facility Grant | |
| The Reinvestment Fund | |||||||
| 1700 Market St 19th Fl | Phil | PA | 19103 | 232331946 | 137500 | 501(c)(3) | |
| Spanish Speaking Unity Council | |||||||
| 1900 Fruitvale Avenue | Oakland | CA | 94601 | 941670490 | 108000 | 501(c)(3) | |
| Bay Area Hispano Institute for Advancement Inc | |||||||
| 1000 Camelia Street | Berkeley | CA | 94710 | 942297359 | 30700 | 501(c)(3) | |
| Enterprise Community Partners Inc | |||||||
| 10227 Wincopin Circle | Columbia | MD | 21044 | 204342641 | 55000 | 501(c)(3) | |
| Our Kids First | |||||||
| 5845 Mission St Suite 301 | SF | CA | 94112 | 943131523 | 27528 | 501(c)(3) | |
| The Food Trust | |||||||
| 1617 JFK Blvd Ste 900 | Phil | PA | 19103 | 232678383 | 85897 | 501(c)(3) | |
| YMCA of the Central Bay Area | |||||||
| 2111 MLK Jr Way | Berkeley | CA | 94704 | 941156635 | 54000 | 501(c)(3) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 7 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 1 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Child Care Facility Grant | TypeOfGrant |
| Number Of Recipients | 9 | NumberOfRecipients |
| Amount Of Cash Grant | 39000 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedures for Monitoring Use of Grant Funds | Identifier |
| Return Reference | Schedule I, Part I, Line 2 | ReturnReference |
| Explanation | 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 grantee 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (9 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nancy O Andrews | ||||||||||||||
| President & CEO | 303834 | 0 | 134000 | 0 | 600 | 0 | 10000 | 0 | 2368 | 0 | 450802 | 0 | 0 | 0 |
| Kimberly Latimer-Nelligan | ||||||||||||||
| Chief Operating Officer & EVP | 252146 | 0 | 111000 | 0 | 0 | 0 | 10000 | 0 | 17733 | 0 | 390879 | 0 | 0 | 0 |
| Arthur Fatum | ||||||||||||||
| EVP, CFO - CYPT | 208064 | 0 | 60000 | 0 | 26833 | 0 | 10000 | 0 | 37122 | 0 | 342019 | 0 | 0 | 0 |
| Brian Prater | ||||||||||||||
| SVP, Strategic Dev & Corp Aff | 173888 | 0 | 50000 | 0 | 600 | 0 | 9224 | 0 | 23457 | 0 | 257169 | 0 | 0 | 0 |
| Judith Kende | ||||||||||||||
| Managing Director-Eastern Reg | 180750 | 0 | 53100 | 0 | 0 | 0 | 9354 | 0 | 0 | 0 | 243204 | 0 | 0 | 0 |
| Corey Carlisle | ||||||||||||||
| Director, Fed Policy & Gov Aff | 158876 | 0 | 11000 | 0 | 25364 | 0 | 7872 | 0 | 10886 | 0 | 213998 | 0 | 0 | 0 |
| Roxanne Huey | ||||||||||||||
| Controller | 143138 | 0 | 13500 | 0 | 0 | 0 | 6636 | 0 | 27255 | 0 | 190529 | 0 | 0 | 0 |
| Diane Borradaile | ||||||||||||||
| Director of Asset Management | 142118 | 0 | 13000 | 0 | 0 | 0 | 6468 | 0 | 28317 | 0 | 189903 | 0 | 0 | 0 |
| Cecile Chalifour | ||||||||||||||
| Deputy Director | 113460 | 0 | 21100 | 0 | 0 | 0 | 4906 | 0 | 22942 | 0 | 162408 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Health or Social Club Dues or Initiation Fees | Identifier |
| Return Reference | Schedule J, Part I, Line 1a | ReturnReference |
| Explanation | The organization reimburses employees for health club membership dues up to $50 per month as a wellness benefit when membership reimbursements are submitted. This benefit is included in compensation on Schedule J, Part II, Column (B)(iii). | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Bank of America | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Chair is Officer of BOA | Relationship |
| Amount Of Transaction | 151353 | AmountOfTransaction |
| Description Of Transaction | Interest Expense Paid | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| BRIEF DESCRIPTION OF ORGANIZATION'S MISSION | FORM 990, PART I, LINE 1 | LOW INCOME INVESTMENT FUND IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION WHICH PROVIDES A COMPREHENSIVE RANGE OF PROGRAMS TO INCREASE THE AVAILABILITY OF CAPITAL IN LOW INCOME COMMUNITIES AT AFFORDABLE RATES AND TERMS. |
| PROGRAM SERVICE DESCRIPTION | FORM 990, PART III, LINE 4A | 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), WITH GREEN DEVELOPMENT AS A CROSS-CUTTING THEME. THESE PROGRAMS ARE SUPPORTED BY LIIF'S 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 $1.5 BILLION TO PROJECTS SERVING LOW INCOME FAMILIES AND INDIVIDUALS, AND THESE INVESTMENTS HAVE LEVERAGED NEARLY $7.3 BILLION IN OTHER CAPITAL INVESTMENTS. LIIF'S WORK SUPPORTS THOSE MOST IN NEED - OF THE 1.7 MILLION PEOPLE SERVED THROUGH LIIF'S FINANCING AND TECHNICAL ASSISTANCE - OVER 97% HAVE BEEN LOW INCOME. LIIF'S 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 LIIF'S WORK, COMPRISING HALF OF THE ORGANIZATION'S HISTORICAL ACTIVITY. SINCE ITS INCEPTION, LIIF HAS INVESTED MORE THAN $753 MILLION TO SUPPORT THE DEVELOPMENT OF 62,000 UNITS OF AFFORDABLE HOUSING, WHICH HAS PRODUCED ENHANCED LIVING CONDITIONS AND SAVED LOW INCOME FAMILIES MORE THAN $11 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. LIIF'S 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 $404 MILLION SUPPORTING THE DEVELOPMENT OF 71,000 QUALITY CHARTER SCHOOL SPACES FOR LOW-INCOME STUDENTS. LIIF'S 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. |
| PROGRAM SERVICE DESCRIPTION | FORM 990, PART III, LINE 4B | OTHER DEVELOPMENT SERVICES: OTHER DEVELOPMENT SERVICES INCLUDE KEY EMERGING INITIATIVES INCLUDING THOSE SUPPORTING ENVIRONMENTALLY GREEN INITIATIVES, HEALTHY FOODS, AND TOD PROGRAM DEVELOPMENT. HEALTH: LIIF INVESTS IN FEDERALLY QUALIFIED HEALTH CLINICS (FQHCS) THAT HELP BRING CRITICAL CAPITAL TO HELP MEET THE GROWING HEALTHCARE NEEDS OF LOW-INCOME COMMUNITIES. LIIF PARTNERED WITH THE GOLDMAN SACHS URBAN INVESTMENT GROUP, THE KRESGE FOUNDATION, PRIMARY CARE DEVELOPMENT CORPORATION, ROCKEFELLER FOUNDATION, AND THE REINVESTMENT FUND TO FINANCE HEALTH CENTERS NATIONWIDE LAUNCHING THE COLLABORATIVE FOR HEALTHY COMMUNITIES, A $130 MILLION, THREE-YEAR, INITIATIVE THAT WILL PROVIDE A NEW SOURCE OF CAPITAL FOR COMMUNITY HEALTH CENTERS ACROSS THE COUNTRY. HEALTHY FOOD MARKETS: MILLIONS OF PEOPLE IN LOW INCOME COMMUNITIES LACK ACCESS TO STORES SELLING NUTRITIOUS, HEALTHY FOOD. OFTEN, THE ONLY FOOD AVAILABLE IN THESE NEIGHBORHOODS IS FROM FAST FOOD RESTAURANTS OR CONVENIENCE STORES WITH PRIMARILY PACKAGED AND PROCESSED FOOD. UNDERSTANDING THE IMPORTANCE OF HEALTHY FOOD OPTIONS FOR FAMILIES AND COMMUNITIES, LIIF PROVIDES FINANCING TO BUILD OR EXPAND HEALTHY FOOD OUTLETS TO UNDERSERVED COMMUNITIES ACROSS THE COUNTRY. LIIF ALSO LEADS THE $30 MILLION NEW YORK HEALTHY FOOD AND HEALTHY COMMUNITIES FUND, WITH PARTNER THE FOOD TRUST-- A FUND THAT INCREASES ACCESS TO HEALTHY FOODS FOR THE HEALTH AND WELLBEING OF LOW INCOME FAMIIES AND COMMUNITIES IN NEW YORK. |
| PROGRAM SERVICE DESCRIPTION | FORM 990, PART III, LINE 4C | 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. |
| PROGRAM SERVICE DESCRIPTION | 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. |
| SIGNIFICANT CHANGE TO THE GOVERNING DOCUMENTS | FORM 990, PART VI, LINE 4 | THE SIGNIFICANT CHANGE TO THE ORGANIZATION'S BY-LAWS INCLUDE WAS TO ELIMINATE "VICE PRESIDENT" AS AN OFFICER POSITION. |
| REVIEW OF FORM 990 BY GOVERNING BODY | 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 TAX RETURNS. THE INITIAL DRAFT RETURNS ARE REVIEWED BY GRANT THORNTON AND LIIF FINANCE STAFF; ITEMS ARE DISCUSSED AND REVIEWED, WITH RECOMMENDED CHANGES REFLECTED IN THE RETURNS BEFORE FILING. A COPY OF THE TAX RETURN IS ALSO PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE FILING. |
| 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 ANNUALLY TO 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 TOP MANAGEMENT OFFICIAL | 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 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 REQUEST. THE ORGANIZATION'S BY-LAWS, FORM 990 FILING AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. |
| OTHER CHANGES IN NET ASSETS OR FUND BALANCES | FORM 990, PART XI, LINE 9 | REVERSAL OF PRIOR YEAR CONTRIBUTIONS ($974,201) PRIOR YEAR GRANTS REFUNDED $105,321 |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (16 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| FUND FOR CHILDREN AND COMMUNITIES LLC | |||||||||
| 100 PINE STREET SUITE 1800 | SAN FRANCISCO | CA | 94111 | 753075371 | LENDING | DE | 351469 | 9603478 | LIIF |
| FOODCO LLC | |||||||||
| 100 PINE STREET SUITE 1800 | SAN FRANCISCO | CA | 94111 | LENDING | DE | 207710 | 4289520 | LIIF | |
| LIIF REO I LLC | |||||||||
| 100 PINE STREET SUITE 1800 | SAN FRANCISCO | CA | 94111 | REAL ESTATE | CA | 0 | 205390 | LIIF | |
| LIIF New Markets LLC | |||||||||
| 100 PINE STREET SUITE 1800 | SAN FRANCISCO | CA | 94111 | LENDING | DE | 316279 | 170518 | LIIF | |
| LIIF New Markets I LLC | |||||||||
| 100 Pine Street Suite 1800 | San Francisco | CA | 94111 | Lending | DE | 52089 | 72296 | LIIF NM LLC | |
| LIIF New Markets II LLC | |||||||||
| 100 Pine Street Suite 1800 | San Francisco | CA | 94111 | LENDING | DE | 42084 | 41859 | LIIF NM LLC | |
| LIIF New Markets III LLC | |||||||||
| 100 Pine Street Suite 1800 | San Francisco | CA | 94111 | Lending | DE | 13832 | 1780 | LIIF NM LLC | |
| LIIF New Markets IV LLC | |||||||||
| 100 Pine Street Suite 1800 | San Francisco | CA | 94111 | Lending | DE | 34565 | 127214 | LIIF NM LLC | |
| LIIF New Markets V LLC | |||||||||
| 100 Pine Street Suite 1800 | San Francisco | CA | 94111 | LENDING | DE | 52085 | 18921 | LIIF NM LLC | |
| LIIF New Markets VI LLC | |||||||||
| 100 Pine Street Suite 1800 | San Francisco | CA | 94111 | Lending | DE | 150877 | 37051 | LIIF NM LLC | |
| LIIF New Markets VII LLC | |||||||||
| 100 Pine Street Suite 1800 | San Francisco | CA | 94111 | Lending | DE | 31085 | 17260 | LIIF NM LLC | |
| LIIF New Markets VIII LLC | |||||||||
| 100 Pine Street Suite 1800 | San Francisco | CA | 94111 | Lending | DE | 52099 | 7846 | LIIF NM LLC | |
| LIIF New Markets IX LLC | |||||||||
| 100 Pine Street Suite 1800 | San Francisco | CA | 94111 | Lending | DE | 43567 | 14258 | LIIF NM LLC | |
| LIIF New Markets X LLC | |||||||||
| 100 Pine Street Suite 1800 | San Francisco | CA | 94111 | Lending | DE | 23384 | 10367 | LIIF NM LLC | |
| LIIF New Markets XI LLC | |||||||||
| 100 Pine Street Suite 1800 | San Francisco | CA | 94111 | Lending | DE | 104669 | 33618 | LIIF NM LLC | |
| LIIF New Markets XII LLC | |||||||||
| 100 Pine Street Suite 1800 | San Francisco | CA | 94111 | Lending | DE | 53067 | 10735 | LIIF NM LLC | |
Form990 Schedule R Part III Form990ScheduleRPartIII (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Predominant Income TypePredominantIncomeType | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Disproportionate AllocationsDisproportionateAllocations | Code VCodeVAmount | General Or Managing PartnerGeneralOrManagingPartner | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LIIF TOAH MEMBER LLC | ||||||||||||||
| 100 PINE STREET SUITE 1800 | SAN FRANCISCO | CA | 94111 | 275178180 | Housing Dvlp. | DE | NA | Related | 2316 | 0 | false | $0 | false | 0.99990 |
| BATOAH LLC | ||||||||||||||
| 100 PINE STREET SUITE 1800 | SAN FRANCISCO | CA | 94111 | 275288604 | Housing Dvlp. | DE | LIIF TOAH | Related | 5766 | 14579902 | false | $0 | true | 0.33330 |
| LA County Housing Innovation Fund LLC | ||||||||||||||
| 100 PINE STREET SUITE 1800 | SAN FRANCISCO | CA | 94111 | 262824480 | LENDING | CA | NA | Related | -3651 | 6550802 | false | $0 | true | 0.33330 |
| GSAF LLC | ||||||||||||||
| 100 PINE STREET SUITE 1800 | SAN FRANCISCO | CA | 455350755 | 455350755 | LENDING | CA | NA | RELATED | 37917 | 2868556 | false | $0 | true | 0.25000 |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIIF NMTC Holdings LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 Pine Street Suite 1800 | AddressLine1 |
| City | San Francisco | City |
| State | CA | State |
| ZIP Code | 94111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 461849564 | EIN |
| Primary Activity | Lending | PrimaryActivity |
| Legal Domicile State | DE | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIIF | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C Corp | TypeOfEntity |
| Share Of Total Income | 0 | ShareOfTotalIncome |
| Share Of EOY Assets | 0 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Controlled Org | true | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | true | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | false | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | true | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |